Interim report
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Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Publicly Announced Consolidated Financial Statements, Related Disclosures and Independent Auditors’ Report Thereon as of and for the Nine-Month Period Ended 30 September 2025 (Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish)
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A member firm of Ernst & Young Global Limited Güney Bağımsız Denetim ve SMMM A.Ş. Maslak Mah. Eski Büyükdere Cad. Orjin Maslak İş Merkezi No: 27 Daire: 57 34485 Sarıyer İstanbul - Türkiye Tel: +90 212 315 3000 Fax: +90 212 230 8291 ey.com Ticaret Sicil No : 479920 Mersis No: 0-4350-3032-6000017 Convenience Translation of the Auditor’s Review Report Originally Issued in Turkish Independent Auditors’ Report on Review of Consolidated Interim Financial Information To the Board of Directors of Türkiye Garanti Bankası Anonim Şirketi Introduction We have reviewed the consolidated statement of financial position of Türkiye Garanti Bankası Anonim Şirketi (“the Bank”) and its subsidiaries (together will be referred as “the Group”) at September 30, 2025 and the related consolidated statement of profit or loss, consolidated statement of profit or loss and other comprehensive income, consolidated statement of changes in shareholders’ equity, consolidated statement of cash flows and a summary of significant accounting policies and other explanatory notes to the consolidated financial statements for the nine months period then ended. The Group Management is responsible for the preparation and fair presentation of interim consolidated financial information in accordance with the Banking Regulation and Supervision Ag ency (“BRSA”) Accounting and Financial Reporting Legislation which includes “Regulation on Accounting Applications for Banks and Safeguarding of Documents” published in the Official Gazette no.26333 dated 1 November 2006, and other regulations on accountin g records of Banks published by Banking Regulation and Supervision Agency and circulars and interpretations published by BRSA and Turkish Accounting Standard 34 “Interim Financial Reporting” for those matters not regulated by the aforementioned regulations . Our responsibility is to express a conclusion on these interim consolidated financial statements based on our review. Scope of Review We conducted our review in accordance with the Standard on Review Engagements (SRE) 2410, “Review of Interim Financial Information Performed by the Independent Auditor of the Entity”. A review of interim financial information consists of making inquiries, primarily of persons responsible for financial reporting process, and applying analytical and other review procedures. A review of interim financial information is substantially less in scope than an independent audit performed in accordance with the Indep endent Auditing Standards and the objective of which is to express an opinion on the financial statements. Consequently, a review of the interim financial information does not provide assurance that the audit firm will be aware of all significant matters w hich would have been identified in an audit. Accordingly, we do not express an opinion. Conclusion Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated financial statements do not give a true view of the financial position of the Group at September 30, 2025 and the results of its consolidated operations and its consolidated cash flows for the nine months period then ended in all material respects in accordance with the BRSA Accounting and Financial Reporting Legislation.
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A member firm of Ernst & Young Global Limited Report on other regulatory requirements arising from legislation Based on our review, nothing has come to our attention that causes us to believe that the consolidated financial information provided in the accompanying interim activity report in Section VII, are not consistent with the reviewed consolidated financial statements and disclosures in all material respects. Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik Anonim Şirketi A member firm of Ernst &Young Global Limited Damla Harman, SMMM Partner October 28, 2025 İstanbul, Türkiye
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(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish) TÜRKİYE GARANTİ BANKASI ANONİM ŞİRKETİ AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED FINANCIAL REPORT AS OF AND FOR THE NINE-MONTH PERIOD ENDED 30 SEPTEMBER 2025 Levent Nispetiye Mah.Aytar Cad. No:2 Beşiktaş 34340 Istanbul Telephone: 212 318 18 18 Fax: 212 216 64 22 www.garantibbva.com.tr investorrelations@garantibbva.com.tr The consolidated financial report for the nine-month period ended prepared in accordance with the communiqué of Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks as regulated by Banking Regulation and Supervision Agency, is comprised of the following sections: 1. General Information about Parent Bank 2. Consolidated Financial Statements of Parent Bank 3. Accounting Policies 4. Consolidated Financial Position and Results of Operations, and Risk Management Applications of Group 5. Disclosures and Footnotes on Consolidated Financial Statements 6. Limited Review Report 7. Interim Activity Report The consolidated subsidiaries and structured entities in the scope of this consolidated financial report are the followings: Subsidiaries 1. Garanti Bank International NV 2. Garanti Emeklilik ve Hayat AŞ 3. Garanti Holding BV 4. Garanti Finansal Kiralama AŞ 5. Garanti Faktoring AŞ 6. Garanti Yatırım Menkul Kıymetler AŞ 7. Garanti Portföy Yönetimi AŞ 8. Garanti Ödeme Sistemleri AŞ 9. Garanti Ödeme ve Elektronik Para Hizmetleri AŞ Structured Entities 1. Garanti Diversified Payment Rights Finance Company 2. RPV Company
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The consolidated financial statements for the nine -month period and related disclosures and footnotes that were subject to limited review, are prepared in accordance with the Regulation on Accounting Applications for Banks and Safeguarding of Documents, Turkish Accounting Standards, Turkish Financial Reporting Standards and the related statements and guidances and in compliance with t he financial records of our Bank and, unless stated otherwise, presented in thousands of Turkish Lira (TL). Süleyman Sözen Mahmut Akten Aydın Güler Hakan Özdemir Board of Directors Chairman General Manager Executive Vice President Finance and Treasury Accounting and Regulatory Reporting Director Ebru Oğan Knottnerus Pablo Alfonso Pastor Muñoz Audit Committee Member Audit Committee Member The authorized contact person for questions on this financial report: Name-Surname/Title: Ceyda AKINÇ/Manager of Investor Relations Phone no: 90 212 318 23 53 Fax no: 90 212 318 60 00
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SECTION ONE Page No: General Information I. History of Parent Bank including its incorporation date, initial legal status, amendments to legal status 1 II. Parent Bank’s shareholder structure, management and internal audit, direct and indirect shareholders, change in shareholder structure during the period and information on its risk group 1 III. Information on Parent Bank’s Board of Directors Chairman and members, Audit Committee members, Chief Executive Officer, Executive Vice presidents and their responsibilities and, if any, shareholdings in the bank 2 IV. Information on Parent Bank’s qualified shareholders 3 V. Summary information on Parent Bank’s activities and services 3 VI. Information on application differences between consolidation practices as per the Regulation on Preparation of Consolidated Financial Statements of Banks and as per the Turkish Accounting Standards, and entities subject to full or proportional consolidation or deducted from equity or not subject to any of these three methods 3 VII. Current or likely actual or legal barriers to immediate transfer of equity or repayment of debts between parent bank and its subsidiaries 3 SECTION TWO Consolidated Financial Statements I. Consolidated balance sheet-Assets 4 II. Consolidated balance sheet-Liabilities 5 III. Consolidated off-balance sheet items 6 IV. Consolidated statement of profit or loss 7 V. Consolidated statement of profit or loss and other comprehensive income 8 VI. Consolidated statement of changes in shareholders’ equity 9 VII. Consolidated statement of cash flows 10 SECTION THREE Accounting Policies I. Basis of presentation 11 II. Strategy for use of financial instruments and foreign currency transactions 12 III. Information on consolidated subsidiaries 13 IV. Forwards, options and other derivative transactions 14 V. Interest income and expenses 16 VI. Fees and commissions 17 VII. Financial instruments 17 VIII. Disclosures on impairment of financial instruments 20 IX. Disclosures about netting and derecognition of financial instruments 25 X. Repurchase and resale agreements and securities lending 27 XI. Assets held for sale, assets of discontinued operations and related liabilities 27 XII. Goodwill and other intangible assets 27 XIII. Tangible assets 28 XIV. Leasing activities 29 XV. Provisions and contingent liabilities 30 XVI. Contingent assets 30 XVII. Liabilities for employee benefits 30 XVIII. Insurance technical reserves and technical income and expense 32 XIX. Taxation 32 XX. Funds borrowed 36 XXI. Share and share issuances 36 XXII. Confirmed bills of exchange and acceptances 36 XXIII. Government incentives 36 XXIV. Segment reporting 36 XXV. Profit reserves and profit appropriation 38 XXVI. Earnings per share 38 XXVII. Related parties 39 XXVIII. Cash and cash equivalents 39 XXIX. Other disclosures 39 SECTION FOUR Consolidated Financial Position and Results of Operations and Risk Management I. Consolidated total capital 40 II. Consolidated credit risk 51 III. Consolidated currency risk 51 IV. Consolidated interest rate risk 53 V. Consolidated position risk of equity securities 56 VI. Liquidity risk management, consolidated liquidity coverage ratio and consolidated net stable funding ratio 57 VII. Consolidated leverage ratio 67 VIII. Fair values of financial assets and liabilities 68 IX. Transactions carried out on behalf of customers and items held in trust 68 X. Risk management objectives and policies 68
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SECTION FIVE Disclosures and Footnotes on Consolidated Financial Statements I. Consolidated assets 73 II. Consolidated liabilities 101 III. Consolidated off-balance sheet items 111 IV. Consolidated statement of profit or loss 113 V. Consolidated statement of changes in shareholders’ equity 118 VI. Consolidated statement of cash flows 118 VII. Related party risks 119 VIII. Domestic, foreign and off-shore branches or equity investments, and foreign representative offices of Parent Bank 120 IX. Matters arising subsequent to the balance sheet date 120 X. Other Disclosures on Activities 121 SECTION SIX Limited Review Report I. Disclosure on limited review report 124 II. Disclosures and footnotes prepared by independent auditors 124 SECTION SEVEN Interim Activity Report I. Summary financial information regarding the operating results for the current period, the comments of the chairman of the Board of Directors and the CEO 125 II. The amendments in the articles of association during the period of 01.01.2025-30.09.2025 128 III. Announcements regarding important developments during the period of 01.01.2025-30.09.2025 128 IV. Assessment of financial information and risk management 128 V. Information regarding management and corporate governance practices 128 VI. Forward looking statements regarding the expectations 129
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 1 1 General Information 1.1 History of Parent Bank including its incorporation date, initial legal status, amendments to legal status Türkiye Garanti Bankası Anonim Şirketi (“the Bank”) was established by the decree of Council of Ministers numbered 3/4010 dated 11 April 1946 as a “private bank” and its “Articles of Association” was issued in the Official Gazette dated 25 April 1946. Following the acquisition on 27 July 2015, Banco Bilbao Vizcaya Argentaria SA (BBVA)’s stake in the Bank reached to 39.90% and BBVA become the main shareholder. Accordingly, the Bank was moved to the “Foreign Deposit Banks” category from the “Private Deposit Bank” category by the Banking Regulation and Supervision Agency (the BRSA). The Bank provides banking services through 790 domestic branches, 7 foreign branches and 1 representative office (31 December 2024: 787 domestic branches, 7 foreign branches and 1 representative office). The Bank’s head office is located in Istanbul. 1.2 Parent Bank’s shareholder structure, management and internal audit, direct and indirect shareholders, change in shareholder str ucture during the period and information on its risk group As of 30 September 2025, group of companies under BBVA that currently owns 85.97% shares of the Bank, is defined as the BBVA Group (“the Group”) and it is the main shareholder. On 22 March 2011, BBVA had acquired; 78,120,000,000 shares of the Bank owned by GE Capital Corporation at a total nominal value of TL 781,200 representing 18.60% ownership, and 26,418,840,000 shares of the Bank owned by Doğuş Holding AŞ at a total nominal value of TL 264,188 representing 6.29% ownership. BBVA, purchasing 24.89% shares of the Bank, had joint control on the Bank’s management together with group of companies under Doğuş Holding AŞ (“the Doğuş Group”). On 7 April 2011, BBVA had acquired 503 ,160,000 shares at a no minal value of TL 5,032 and increased its ownership in the Bank’s share capital to 25.01%. In accordance with the terms of the agreement between BBVA and the Doğuş Group which was previously disclosed on 19 November 2014, the sale of shares representing 14.89% of the share capital of the Bank with a face value of TL 625,380 and 62 ,538,000,000 shares by the Doğuş Group to BBVA, was completed on 27 July 2015. Following the acquisition, BBVA’s stake in the Bank reached to 39.90% and BBVA became the main shareholder. The Bank was moved to “Foreign Deposit Banks” category from “Private Deposit Bank” category by the BRSA. On 21 February 2017, BBVA agreed with Doğuş Group to acquire 41,790,000,000 shares at a nominal value of TL 417,900 representing 9.95% ownersh ip and on 22 March 2017 in accordance with the terms of the agreement share transfer had been finalized. After the share transfer BBVA’s interest in the share capital of the Bank is at 49.85%. The voluntary tender offer process launched by BBVA for the ent ire share capital of the bank and approved by the Capital Markets Board of Türkiye in accordance with the Communiqué on Takeover Bids no. II -26.1 on 31 March 2022, in their letter numbered E-29833736-110.05.05-19391 and dated 31 March 2022 ended as of 18 May 2022. During the voluntary tender offer process, BBVA acquired shares of the bank with a total nominal value of TL 1,517,196 which corresponds to 36.12%. As a result, the total share capital of the bank owned by BBVA reached 85.97%. BBVA Group BBVA is operating for more than 166 years, providing variety of wide spread financial and non -financial services to 80.1 million retail and commercial customers. The Group's headquarter is in Spain, where the Group has concrete leadership in retail and commercial markets. BBVA adopting innovative, and customer and community oriented management style, besides banking, operates in insurance sector in Europe and portfolio management, private banking and investment banking in global markets. BBVA which is the largest financial institution in Mexico and also a market leader in South America, operates in more than 25 countries with more than 127 thousand employees.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 2 1.3 Information on Parent Bank’s Board of Directors chairman and members, audit committee members, chief executive officer, executive vice presidents and their responsibilities and, if any, shareholdings in the bank Board of Directors Chairman and Members: Name and Surname Responsibility Appointment Date Education Experience in Banking and Business Administration Süleyman Sözen Chairman 29.05.1997 University 44 years Jorge Saenz Azcunaga Carranza Deputy Chairman and Member 24.03.2016 University 31 years Mahmut Akten Member and CEO 23.08.2024 Master 26 years Sait Ergun Özen Member 14.05.2003 University 38 years Jaime Saenz de Tejada Pulido Member 02.10.2014 University 33 years Pablo Alfonso Pastor Munoz Independent Member and Member of Audit Committee 31.03.2021 Master 36 years Rafael Salinas Martinez de Lecea Member 08.05.2017 Master 34 years Halil Hüsnü Erel Independent Member 27.03.2025 University 49 years Avni Aydın Düren Member 17.06.2020 Master 34 years Mevhibe Canan Özsoy Member 04.04.2019 Master 35 years Ebru Oğan Knottnerus Independent Member and Member of Audit Committee 27.03.2024 Master 34 years CEO and Executive Vice Presidents: Name and Surname Responsibility Appointment Date Education Experience in Banking and Business Administration Mahmut Akten CEO 23.08.2024 Master 26 years İlker Kuruöz EVP-Engineering Services and Data 14.03.2018 Master 33 years Sinem Edige EVP-Corporate, Investment Banking and Global Markets 26.11.2024 University 29 years Cemal Onaran EVP-Commercial Banking 17.01.2017 University 35 years Ebru Taşçı Firuzbay EVP- Talent and Culture 26.12.2024 University 27 years Aydın Güler EVP- Finance and Treasury 03.02.2016 University 35 years Murat Atay Head of Credit Risk Management 01.01.2021 PhD 32 years Ceren Acer Kezik EVP-Retail Banking 06.06.2022 Master 20 years Sibel Kaya EVP- SME Banking 02.02.2021 Master 28 years The top management listed above does not hold any material unquoted shares of the Bank.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 3 1.4 Information on Parent Bank’s qualified shareholders Company Shares Ownership Paid-in Capital Unpaid Portion Banco Bilbao Vizcaya Argentaria SA 3,610,895 85.97% 3,610,895 - 1.5 Summary information on Parent Bank’s activities and services Activities of the Bank as stated at the third clause of its Articles of Association are as follows: All banking operations, Participating in, establishing, and trading the shares of enterprises at various sectors within the limits set forth by the Banking Law, Providing attorneyship, insurance agency, brokerage and freight services in relation with banking activities, Purchasing/selling debt securities, treasury bills, government bonds and other share certificates issued by Turkish government and other official and private institutions on the condition that completion of the necessary approvals and permits by Capital Markets Board of Türkiye, Developing economical and financial relations with foreign organizations, Dealing with all economic operations in compliance with the Banking Law. The Bank’s activities are not limited to those disclosed in that third clause, but whenever the Board of Directors deems any operations other than those stated above to be of benefit to the Bank, it is recommended in the general meeting, and the launching of the related project depends on the decision taken during the General Assembly which results in a change in the Articles of Association and on the approval of this decision by the Ministry of Industry and Commerce. Accordingly, the approved decision is added to the Articles of Association. The Bank is not a specialized bank but deals with all kinds of banking activities. Deposits are the main sources of the lending to the customers. The Bank grants loans to companies operating in various sectors while aiming to maintain the required level of efficiency. The Bank also grants non -cash loans to its customers; especially letters of guarantee, letters of credit and acceptance credits. 1.6 Information on application differences between consolidation practices as per the Regulation on Preparation of Consolidated Financial Statements of Banks and as per the Turkish Accounting Standards, and entities subject to full or proportional consolidation or deducted from equity or not subject to any of these three methods As per the Regulation on Preparation of Consolidated Financial Statements of Banks, the investments in financial subsidiaries are subject to consolidation whereas as per the Turkish Accounting Standards and Turkish Financial Reporting Standards, the investments in both financial and non -financial subsidiaries are subject to consolidation. 1.7 Current or likely actual or legal barriers to immediate transfer of equity or repayment of debts between Parent Bank and its subsidiaries None.
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2 Consolidated Financial Statements (Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Balance Sheet (Statement of Financial Position) At 30 September 2025 TL FC Total TL FC Total I. FINANCIAL ASSETS (Net) 451,560,328 719,785,769 1,171,346,097 305,526,598 482,219,836 787,746,434 1.1 Cash and Cash Equivalents 5.1.1 336,759,856 596,152,336 932,912,192 213,417,887 409,152,850 622,570,737 1.1.1 Cash and Balances with Central Bank 309,743,778 263,116,069 572,859,847 201,171,331 162,289,288 363,460,619 1.1.2 Banks 15,909,050 309,764,811 325,673,861 12,472,961 226,893,061 239,366,022 1.1.3 Money Market Placements 11,593,644 23,655,683 35,249,327 97,970 20,243,465 20,341,435 1.1.4 Expected Credit Losses (-) 486,616 384,227 870,843 324,375 272,964 597,339 1.2 Financial Assets Measured at Fair Value through Profit/Loss (FVTPL) 5.1.2 6,993,862 7,332,363 14,326,225 5,188,266 6,938,577 12,126,843 1.2.1 Government Securities 1,713,697 6,300,378 8,014,075 4,575,298 5,767,257 10,342,555 1.2.2 Equity Securities 1,472,301 140,253 1,612,554 414,244 117,338 531,582 1.2.3 Other Financial Assets 3,807,864 891,732 4,699,596 198,724 1,053,982 1,252,706 1.3 Financial Assets Measured at Fair Value through Other Comprehensive Income (FVOCI) 5.1.3 101,692,848 102,092,014 203,784,862 82,265,767 56,823,078 139,088,845 1.3.1 Government Securities 101,387,607 41,850,210 143,237,817 81,495,680 22,737,036 104,232,716 1.3.2 Equity Securities 232,365 4,145,234 4,377,599 327,138 2,941,270 3,268,408 1.3.3 Other Financial Assets 72,876 56,096,570 56,169,446 442,949 31,144,772 31,587,721 1.4 Derivative Financial Assets 5.1.4 6,113,762 14,209,056 20,322,818 4,654,678 9,305,331 13,960,009 1.4.1 Derivative Financial Assets Measured at FVTPL 6,084,464 13,959,691 20,044,155 4,622,729 8,940,236 13,562,965 1.4.2 Derivative Financial Assets Measured at FVOCI 29,298 249,365 278,663 31,949 365,095 397,044 II. FINANCIAL ASSETS MEASURED AT AMORTIZED COST (Net) 1,737,215,835 1,063,915,495 2,801,131,330 1,360,600,576 674,210,610 2,034,811,186 2.1 Loans 5.1.5 1,561,224,538 919,187,131 2,480,411,669 1,177,140,043 599,223,773 1,776,363,816 2.2 Lease Receivables 5.1.6 11,133,065 46,368,619 57,501,684 9,242,733 27,270,100 36,512,833 2.3 Factoring Receivables 5.1.7 24,081,631 3,841,969 27,923,600 10,816,523 2,268,560 13,085,083 2.4 Other Financial Assets Measured at Amortised Cost 5.1.8 197,003,899 115,962,111 312,966,010 201,058,415 69,014,030 270,072,445 2.4.1 Government Securities 195,534,024 70,427,835 265,961,859 196,050,799 46,391,977 242,442,776 2.4.2 Other Financial Assets 1,469,875 45,534,276 47,004,151 5,007,616 22,622,053 27,629,669 2.5 Expected Credit Losses (-) 56,227,298 21,444,335 77,671,633 37,657,138 23,565,853 61,222,991 III. ASSETS HELD FOR SALE AND ASSETS OF DISCONTINUED OPERATIONS (Net) 5.1.9 4,531,110 22,032 4,553,142 3,756,800 50,284 3,807,084 3.1 Asset Held for Resale 4,531,110 22,032 4,553,142 3,756,800 50,284 3,807,084 3.2 Assets of Discontinued Operations - - - - - - IV. INVESTMENTS IN ASSOCIATES,SUBSIDIARIES AND JOINT VENTURES 15,706,704 533,622 16,240,326 8,821,160 190,908 9,012,068 4.1 Associates (Net) 5.1.10 211,409 38 211,447 171,876 29 171,905 4.1.1 Associates Consolidated Under Equity Accounting - - - - - - 4.1.2 Unconsolidated Associates 211,409 38 211,447 171,876 29 171,905 4.2 Subsidiaries (Net) 5.1.11 15,495,295 533,584 16,028,879 8,649,284 190,879 8,840,163 4.2.1 Unconsolidated Financial Investments in Subsidiaries - - - - - - 4.2.2 Unconsolidated Non-Financial Investments in Subsidiaries 15,495,295 533,584 16,028,879 8,649,284 190,879 8,840,163 4.3 Joint Ventures (Net) 5.1.12 - - - - - - 4.3.1 Joint-Ventures Consolidated Under Equity Accounting - - - - - - 4.3.2 Unconsolidated Joint-Ventures - - - - - - V. TANGIBLE ASSETS (Net) 5.1.13 40,317,492 2,480,362 42,797,854 34,844,681 1,834,164 36,678,845 VI. INTANGIBLE ASSETS (Net) 5.1.14 6,116,176 1,171,341 7,287,517 3,590,222 774,240 4,364,462 6.1 Goodwill 6,388 - 6,388 6,388 - 6,388 6.2 Others 6,109,788 1,171,341 7,281,129 3,583,834 774,240 4,358,074 VII. INVESTMENT PROPERTY (Net) 5.1.15 2,830,190 - 2,830,190 2,416,949 - 2,416,949 VIII. CURRENT TAX ASSET 4,012,569 422,043 4,434,612 - 159,784 159,784 IX. DEFERRED TAX ASSET 5.1.16 19,954,960 147,392 20,102,352 20,585,789 142,258 20,728,047 X. OTHER ASSETS (Net) 5.1.17 128,642,660 7,714,624 136,357,284 97,415,847 5,438,673 102,854,520 TOTAL ASSETS 2,410,888,024 1,796,192,680 4,207,080,704 1,837,558,622 1,165,020,757 3,002,579,379 The accompanying notes are an integral part of these consolidated financial statements. PRIOR PERIOD 31 December 202430 September 2025ASSETS Footnotes CURRENT PERIOD THOUSANDS OF TURKISH LIRA (TL) 4
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Balance Sheet (Statement of Financial Position) At 30 September 2025 TL FC Total TL FC Total I. DEPOSITS 5.2.1 1,489,252,167 1,426,851,561 2,916,103,728 1,251,197,662 903,149,980 2,154,347,642 II. FUNDS BORROWED 5.2.2 21,577,542 94,125,328 115,702,870 8,122,667 59,994,106 68,116,773 III. MONEY MARKET FUNDS 5.2.3 76,375,606 57,566,046 133,941,652 14,341,779 32,541,053 46,882,832 IV. SECURITIES ISSUED (NET) 5.2.4 485,107 119,059,732 119,544,839 732 28,108,769 28,109,501 4.1 Bills 485,107 1,835,479 2,320,586 732 12,052,200 12,052,932 4.2 Asset Backed Securities - - - - - - 4.3 Bonds - 117,224,253 117,224,253 - 16,056,569 16,056,569 V. FUNDS - - - - - - 5.1 Borrowers' Funds - - - - - - 5.2 Others - - - - - - VI. FINANCIAL LIABILITIES MEASURED AT FVTPL 5.2.5 - 66,667,166 66,667,166 - 57,223,084 57,223,084 VII. DERIVATIVE FINANCIAL LIABILITIES 5.2.6 10,857,690 5,462,040 16,319,730 10,475,496 4,648,451 15,123,947 7.1 Derivative Financial Liabilities Measured at FVTPL 10,622,809 5,140,038 15,762,847 9,948,256 4,015,886 13,964,142 7.2 Derivative Financial Liabilities Measured at FVOCI 234,881 322,002 556,883 527,240 632,565 1,159,805 VIII. FACTORING LIABILITIES 5.2.7 - - - - - - IX. LEASE LIABILITIES (Net) 5.2.8 4,979,913 832,835 5,812,748 2,218,510 730,782 2,949,292 X. PROVISIONS 5.2.9 24,899,733 12,989,737 37,889,470 16,828,703 9,618,524 26,447,227 10.1 Restructuring Reserves - - - - - - 10.2 Reserve for Employee Benefits 8,717,578 811,155 9,528,733 7,443,241 699,992 8,143,233 10.3 Insurance Technical Provisions (Net) 5,961,173 7,328,251 13,289,424 3,225,911 4,430,122 7,656,033 10.4 Other Provisions 10,220,982 4,850,331 15,071,313 6,159,551 4,488,410 10,647,961 XI. CURRENT TAX LIABILITY 5.2.10 21,225,971 305,918 21,531,889 18,433,347 346,321 18,779,668 XII. DEFERRED TAX LIABILITY 5.2.10 77,185 128,878 206,063 55,641 131,200 186,841 XIII. LIABILITIES FOR ASSETS HELD FOR SALE AND ASSETS OF DISCONTINUED OPERATIONS (Net) 5.2.11 - - - - - - 13.1 Asset Held for Sale - - - - - - 13.2 Assets of Discontinued Operations - - - - - - XIV. SUBORDINATED DEBTS 5.2.12 - 105,866,832 105,866,832 799,475 66,271,143 67,070,618 14.1 Borrowings - 4,393,030 4,393,030 - 1,064,066 1,064,066 14.2 Other Debt Instruments - 101,473,802 101,473,802 799,475 65,207,077 66,006,552 XV. OTHER LIABILITIES 5.2.13 230,491,267 24,609,258 255,100,525 169,478,228 16,455,108 185,933,336 XVI. SHAREHOLDERS' EQUITY 5.2.14 408,489,051 3,904,141 412,393,192 329,093,849 2,314,769 331,408,618 16.1 Paid-in Capital 4,200,000 - 4,200,000 4,200,000 - 4,200,000 16.2 Capital Reserves 784,434 - 784,434 784,434 - 784,434 16.2.1 Share Premium 11,880 - 11,880 11,880 - 11,880 16.2.2 Share Cancellation Profits - - - - - - 16.2.3 Other Capital Reserves 772,554 - 772,554 772,554 - 772,554 16.3 Other Comprehensive Income/Expense Items not to be Recycled to Profit or Loss 27,183,389 1,868,199 29,051,588 23,833,961 1,149,330 24,983,291 16.4 Other Comprehensive Income/Expense Items to be Recycled to Profit or Loss 30,490,775 1,158,002 31,648,777 20,114,665 493,055 20,607,720 16.5 Profit Reserves 260,121,549 877,940 260,999,489 187,261,190 672,384 187,933,574 16.5.1 Legal Reserves 6,729,076 877,940 7,607,016 4,725,932 672,384 5,398,316 16.5.2 Status Reserves - - - - - - 16.5.3 Extraordinary Reserves 253,118,126 - 253,118,126 182,269,331 - 182,269,331 16.5.4 Other Profit Reserves 274,347 - 274,347 265,927 - 265,927 16.6 Profit/Loss 83,543,156 - 83,543,156 91,279,430 - 91,279,430 16.6.1 Prior Periods' Profit/Loss 124,916 - 124,916 36,294 - 36,294 16.6.2 Current Period's Net Profit/Loss 83,418,240 - 83,418,240 91,243,136 - 91,243,136 16.7 Minority Interest 2,165,748 - 2,165,748 1,620,169 - 1,620,169 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 2,288,711,232 1,918,369,472 4,207,080,704 1,821,046,089 1,181,533,290 3,002,579,379 The accompanying notes are an integral part of these consolidated financial statements. PRIOR PERIOD 31 December 202430 September 2025LIABILITIES AND SHAREHOLDERS' EQUITY Footnotes CURRENT PERIOD THOUSANDS OF TURKISH LIRA (TL) 5
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Off-Balance Sheet Items At 30 September 2025 TL FC Total TL FC Total A. OFF-BALANCE SHEET COMMITMENTS AND CONTINGENCIES (I+II+III) 3,503,846,221 2,532,872,969 6,036,719,190 2,180,929,448 1,571,699,684 3,752,629,132 I. GUARANTEES AND SURETIES 5.3.1 455,977,531 361,455,754 817,433,285 332,094,808 240,229,095 572,323,903 1.1 Letters of guarantee 422,625,417 250,411,074 673,036,491 311,772,179 170,290,959 482,063,138 1.1.1 Guarantees subject to State Tender Law - 6,654,731 6,654,731 - 5,001,515 5,001,515 1.1.2 Guarantees given for foreign trade operations 18,738,190 7,156,261 25,894,451 14,283,714 5,980,863 20,264,577 1.1.3 Other letters of guarantee 403,887,227 236,600,082 640,487,309 297,488,465 159,308,581 456,797,046 1.2 Bank acceptances 262,147 10,880,619 11,142,766 418,424 8,015,069 8,433,493 1.2.1 Import letter of acceptance 6,040 10,880,619 10,886,659 309,806 8,015,069 8,324,875 1.2.2 Other bank acceptances 256,107 - 256,107 108,618 - 108,618 1.3 Letters of credit 288,067 95,623,122 95,911,189 287,205 58,383,975 58,671,180 1.3.1 Documentary letters of credit - - - - - - 1.3.2 Other letters of credit 288,067 95,623,122 95,911,189 287,205 58,383,975 58,671,180 1.4 Guaranteed prefinancings - - - - - - 1.5 Endorsements 32,801,900 - 32,801,900 19,617,000 - 19,617,000 1.5.1 Endorsements to the Central Bank of Turkey 32,801,900 - 32,801,900 19,617,000 - 19,617,000 1.5.2 Other endorsements - - - - - - 1.6 Underwriting commitments - - - - - - 1.7 Factoring related guarantees - - - - - - 1.8 Other guarantees - 4,540,939 4,540,939 - 3,539,092 3,539,092 1.9 Other sureties - - - - - - II. COMMITMENTS 5.3.1 2,211,006,136 232,144,629 2,443,150,765 1,386,726,113 121,772,505 1,508,498,618 2.1 Irrevocable commitments 2,207,783,541 190,941,730 2,398,725,271 1,384,150,733 96,849,345 1,481,000,078 2.1.1 Asset purchase and sale commitments 53,545,550 140,603,905 194,149,455 4,617,202 66,601,123 71,218,325 2.1.2 Deposit purchase and sale commitments - 229,895 229,895 - 23,659 23,659 2.1.3 Share capital commitments to associates and subsidiaries - 40 40 - 30 30 2.1.4 Loan granting commitments 438,745,365 36,714,648 475,460,013 260,980,464 18,566,286 279,546,750 2.1.5 Securities issuance brokerage commitments - - - - - - 2.1.6 Commitments for reserve deposit requirements - - - - - - 2.1.7 Commitments for cheque payments 20,424,774 - 20,424,774 14,208,207 - 14,208,207 2.1.8 Tax and fund obligations on export commitments 2,643,459 - 2,643,459 1,985,064 - 1,985,064 2.1.9 Commitments for credit card limits 1,692,416,394 6,707,354 1,699,123,748 1,102,354,203 4,621,168 1,106,975,371 2.1.10 Commitments for credit cards and banking services related promotions 7,999 - 7,999 5,593 - 5,593 2.1.11 Receivables from "short" sale commitments on securities - - - - - - 2.1.12 Payables from "short" sale commitments on securities - - - - - - 2.1.13 Other irrevocable commitments - 6,685,888 6,685,888 - 7,037,079 7,037,079 2.2 Revocable commitments 3,222,595 41,202,899 44,425,494 2,575,380 24,923,160 27,498,540 2.2.1 Revocable loan granting commitments 555,911 28,942,695 29,498,606 346,825 16,642,387 16,989,212 2.2.2 Other revocable commitments 2,666,684 12,260,204 14,926,888 2,228,555 8,280,773 10,509,328 III. DERIVATIVE FINANCIAL INSTRUMENTS 5.3.2 836,862,554 1,939,272,586 2,776,135,140 462,108,527 1,209,698,084 1,671,806,611 3.1 Derivative financial instruments held for risk management 10,211,562 210,708,633 220,920,195 10,600,163 78,180,693 88,780,856 3.1.1 Fair value hedges - 194,568,780 194,568,780 - 63,584,925 63,584,925 3.1.2 Cash flow hedges 10,211,562 16,139,853 26,351,415 10,600,163 14,595,768 25,195,931 3.1.3 Net foreign investment hedges - - - - - - 3.2 Trading derivatives 826,650,992 1,728,563,953 2,555,214,945 451,508,364 1,131,517,391 1,583,025,755 3.2.1 Forward foreign currency purchases/sales 74,879,234 77,693,026 152,572,260 41,934,451 49,897,110 91,831,561 3.2.1.1 Forward foreign currency purchases 30,581,906 45,209,458 75,791,364 23,027,758 22,462,381 45,490,139 3.2.1.2 Forward foreign currency sales 44,297,328 32,483,568 76,780,896 18,906,693 27,434,729 46,341,422 3.2.2 Currency and interest rate swaps 715,403,766 1,339,836,445 2,055,240,211 364,299,901 837,818,870 1,202,118,771 3.2.2.1 Currency swaps-purchases 33,006,109 508,366,726 541,372,835 10,995,944 244,540,653 255,536,597 3.2.2.2 Currency swaps-sales 182,660,675 493,045,040 675,705,715 64,326,775 272,429,682 336,756,457 3.2.2.3 Interest rate swaps-purchases 249,868,491 169,212,339 419,080,830 145,302,341 159,560,567 304,862,908 3.2.2.4 Interest rate swaps-sales 249,868,491 169,212,340 419,080,831 143,674,841 161,287,968 304,962,809 3.2.3 Currency, interest rate and security options 33,335,122 44,201,467 77,536,589 44,100,348 55,674,665 99,775,013 3.2.3.1 Currency call options 4,338,009 29,775,420 34,113,429 4,820,746 35,244,714 40,065,460 3.2.3.2 Currency put options 22,688,975 14,426,047 37,115,022 37,468,434 6,610,751 44,079,185 3.2.3.3 Interest rate call options - - - - 6,909,600 6,909,600 3.2.3.4 Interest rate put options - - - - 6,909,600 6,909,600 3.2.3.5 Security call options 3,154,069 - 3,154,069 905,584 - 905,584 3.2.3.6 Security put options 3,154,069 - 3,154,069 905,584 - 905,584 3.2.4 Currency futures 1,996,005 1,897,466 3,893,471 529,375 469,043 998,418 3.2.4.1 Currency futures-purchases 481,717 1,460,208 1,941,925 512,858 - 512,858 3.2.4.2 Currency futures-sales 1,514,288 437,258 1,951,546 16,517 469,043 485,560 3.2.5 Interest rate futures - 207,705 207,705 - 345,480 345,480 3.2.5.1 Interest rate futures-purchases - - - - - - 3.2.5.2 Interest rate futures-sales - 207,705 207,705 - 345,480 345,480 3.2.6 Others 1,036,865 264,727,844 265,764,709 644,289 187,312,223 187,956,512 B. CUSTODY AND PLEDGED ITEMS (IV+V+VI) 8,441,126,250 8,150,416,770 16,591,543,020 5,716,805,332 6,692,189,233 12,408,994,565 IV. ITEMS HELD IN CUSTODY 1,788,440,961 681,844,712 2,470,285,673 1,111,648,531 405,328,436 1,516,976,967 4.1 Customers' securities held 1,407,881,406 5,997,068 1,413,878,474 850,591,760 215,463 850,807,223 4.2 Investment securities held in custody 220,128,886 447,435,114 667,564,000 138,980,713 231,358,820 370,339,533 4.3 Checks received for collection 145,110,606 34,404,638 179,515,244 108,487,892 22,872,914 131,360,806 4.4 Commercial notes received for collection 14,534,197 6,926,217 21,460,414 12,339,686 7,961,158 20,300,844 4.5 Other assets received for collection 510,948 149,806,147 150,317,095 732,966 117,346,605 118,079,571 4.6 Assets received through public offering - 1,017,390 1,017,390 - 838,386 838,386 4.7 Other items under custody 274,918 36,258,138 36,533,056 515,514 24,735,090 25,250,604 4.8 Custodians - - - - - - V. PLEDGED ITEMS 6,652,685,289 7,468,572,058 14,121,257,347 4,605,156,801 6,286,860,797 10,892,017,598 5.1 Securities 59,922,903 85,197,282 145,120,185 35,839,965 47,613,743 83,453,708 5.2 Guarantee notes 27,195,942 151,988,877 179,184,819 25,207,043 104,709,054 129,916,097 5.3 Commodities 353,151 - 353,151 545,489 - 545,489 5.4 Warranties - 11,654,342 11,654,342 - 9,217,785 9,217,785 5.5 Real estates 2,474,995,376 1,266,678,053 3,741,673,429 1,596,328,815 931,858,094 2,528,186,909 5.6 Other pledged items 4,090,217,917 5,953,053,504 10,043,271,421 2,947,235,489 5,193,462,121 8,140,697,610 5.7 Pledged items-depository - - - - - - VI. CONFIRMED BILLS OF EXCHANGE AND SURETIES - - - - - - TOTAL OFF-BALANCE SHEET ITEMS (A+B) 11,944,972,471 10,683,289,739 22,628,262,210 7,897,734,780 8,263,888,917 16,161,623,697 The accompanying notes are an integral part of these consolidated financial statements. Footnotes CURRENT PERIOD PRIOR PERIOD 31 December 202430 September 2025 THOUSANDS OF TURKISH LIRA (TL) 6
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Statement of Profit or Loss For the period ended at 30 September 2025 CURRENT PERIOD PRIOR PERIOD CURRENT PERIOD PRIOR PERIOD 1 January 2025- 1 January 2024- 1 July 2025- 1 July 2024- I. INTEREST INCOME 5.4.1 569,400,840 378,422,580 210,227,343 147,442,381 1.1 Interest income on loans 409,972,030 277,006,726 148,671,526 106,476,816 1.2 Interest income on reserve deposits 54,616,042 23,409,385 19,765,800 12,180,161 1.3 Interest income on banks 30,236,616 7,584,592 15,883,485 2,441,987 1.4 Interest income on money market transactions 4,252,478 4,956,901 1,347,650 1,081,437 1.5 Interest income on securities portfolio 63,926,218 58,652,304 22,209,169 22,869,147 1.5.1 Financial assets measured at FVTPL 1,194,828 754,046 472,566 241,433 1.5.2 Financial assets measured at FVOCI 26,056,632 19,757,584 8,878,853 7,761,320 1.5.3 Financial assets measured at amortised cost 36,674,758 38,140,674 12,857,750 14,866,394 1.6 Financial lease income 5,332,100 4,625,719 1,984,319 1,623,988 1.7 Other interest income 1,065,356 2,186,953 365,394 768,845 II. INTEREST EXPENSE (-) 5.4.2 431,551,404 288,867,245 154,749,890 115,616,534 2.1 Interest on deposits 372,309,813 261,405,523 132,174,539 103,787,786 2.2 Interest on funds borrowed 9,412,297 7,772,071 3,683,410 2,765,941 2.3 Interest on money market transactions 40,900,619 14,012,635 15,168,711 7,590,748 2.4 Interest on securities issued 7,784,440 3,866,418 3,307,690 1,270,199 2.5 Lease interest expense 961,576 376,843 363,797 146,360 2.6 Other interest expenses 182,659 1,433,755 51,743 55,500 III. NET INTEREST INCOME (I - II) 137,849,436 89,555,335 55,477,453 31,825,847 IV. NET FEES AND COMMISSIONS INCOME/EXPENSES 5.4.12 104,410,331 67,979,687 38,940,526 26,146,755 4.1 Fees and commissions received 147,969,303 99,608,073 55,593,960 38,391,863 4.1.1 Non-cash loans 4,946,637 3,704,189 1,801,881 1,334,954 4.1.2 Others 143,022,666 95,903,884 53,792,079 37,056,909 4.2 Fees and commissions paid (-) 43,558,972 31,628,386 16,653,434 12,245,108 4.2.1 Non-cash loans 90,443 68,370 60,396 32,649 4.2.2 Others 43,468,529 31,560,016 16,593,038 12,212,459 V. DIVIDEND INCOME 5.4.3 260,741 173,098 9,178 14,738 VI. NET TRADING INCOME/LOSSES (Net) 5.4.4 161,820 5,501,909 (4,062,114) 3,746,708 6.1 Trading account income/losses 1,003,173 (195,130) (237,316) 92,990 6.2 Income/losses from derivative financial instruments (10,570,371) (19,078,910) 3,209,409 (4,179,360) 6.3 Foreign exchange gains/losses 9,729,018 24,775,949 (7,034,207) 7,833,078 VII. OTHER OPERATING INCOME 5.4.5 53,067,233 36,521,747 15,740,212 7,187,924 VIII. TOTAL OPERATING PROFIT (III+IV+V+VI+VII) 295,749,561 199,731,776 106,105,255 68,921,972 IX. EXPECTED CREDIT LOSSES (-) 5.4.6 60,181,579 40,001,044 17,858,849 11,185,475 X. OTHER PROVISIONS (-) 5.4.6 256,525 188,349 4,769 120,897 XI. PERSONNEL EXPENSES (-) 43,157,399 28,275,913 15,518,056 10,713,707 XII. OTHER OPERATING EXPENSES (-) 5.4.7 80,835,793 44,531,369 32,110,173 16,901,855 XIII. NET OPERATING PROFIT/LOSS (VIII-IX-X-XI-XII) 111,318,265 86,735,101 40,613,408 30,000,038 XIV. INCOME RESULTED FROM MERGERS - - - - XV. INCOME/LOSS FROM INVESTMENTS UNDER EQUITY ACCOUNTING 2,031,029 1,802,340 682,056 455,340 XVI. GAIN/LOSS ON NET MONETARY POSITION - - - - XVII. PROFIT/LOSS BEFORE TAXES (XIII+...+XVI) 5.4.8 113,349,294 88,537,441 41,295,464 30,455,378 XVIII. PROVISION FOR TAXES (±) 5.4.9 28,875,444 21,587,078 10,434,885 8,094,825 18.1 Current tax charge 27,344,700 22,695,585 5,782,561 3,269,828 18.2 Deferred tax charge (+) 6,840,449 2,655,305 5,739,518 1,343,657 18.3 Deferred tax credit (-) (5,309,705) (3,763,812) (1,087,194) 3,481,340 XIX. NET OPERATING PROFIT/LOSS AFTER TAXES (XVII±XVIII) 5.4.10 84,473,850 66,950,363 30,860,579 22,360,553 XX. INCOME FROM DISCONTINUED OPERATIONS - - - - 20.1 Income from assets held for sale - - - - 20.2 Income from sale of associates, subsidiaries and joint-ventures - - - - 20.3 Others - - - - XXI. EXPENSES FROM DISCONTINUED OPERATIONS (-) - - - - 21.1 Expenses on assets held for sale - - - - 21.2 Expenses on sale of associates, subsidiaries and joint-ventures - - - - 21.3 Others - - - - XXII. PROFIT/LOSS BEFORE TAXES ON DISCONTINUED OPERATIONS (XX-XXI) 5.4.8 - - - - XXIII. PROVISION FOR TAXES OF DISCONTINUED OPERATIONS (±) 5.4.9 - - - - 23.1 Current tax charge - - - - 23.2 Deferred tax charge (+) - - - - 23.3 Deferred tax credit (-) - - - - XXIV. NET PROFIT/LOSS AFTER TAXES ON DISCONTINUED OPERATIONS (XXII±XXIII) 5.4.10 - - - - XXV. NET PROFIT/LOSS (XIX+XXIV) 5.4.11 84,473,850 66,950,363 30,860,579 22,360,553 25.1 Equity holders of the bank 83,418,240 66,271,669 30,478,253 22,116,242 25.2 Minority interest 1,055,610 678,694 382,326 244,311 Earnings per Share 0.19861 0.15779 0.07257 0.05266 The accompanying notes are an integral part of these consolidated financial statements. INCOME AND EXPENSE ITEMS Footnotes 30 September 2025 30 September 2024 THOUSANDS OF TURKISH LIRA (TL) 30 September 2025 30 September 2024 7
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Statement of Profit or Loss and Other Comprehensive Income For the period ended at 30 September 2025 STATEMENT OF PROFIT OR LOSS AND OTHER COMPREHENSIVE INCOME CURRENT PERIOD PRIOR PERIOD 1 January 2025 - 1 January 2024 - I. CURRENT PERIOD PROFIT/LOSS 84,473,850 66,950,363 II. OTHER COMPREHENSIVE INCOME 15,127,358 4,683,952 2.1 Other Income/Expense Items not to be Recycled to Profit or Loss 4,068,297 4,880,571 2.1.1 Revaluation Surplus on Tangible Assets 3,045,594 5,105,093 2.1.2 Revaluation Surplus on Intangible Assets - - 2.1.3 Defined Benefit Plans' Actuarial Gains/Losses (1,187,931) (1,011,092) 2.1.4 Other Income/Expense Items not to be Recycled to Profit or Loss 765,073 481,827 2.1.5 Deferred Taxes on Other Comprehensive Income not to be Recycled to Profit or Loss 1,445,561 304,743 2.2 Other Income/Expense Items to be Recycled to Profit or Loss 11,059,061 (196,619) 2.2.1 Translation Differences 16,657,272 6,189,286 2.2.2 Income/Expenses from Valuation and/or Reclassification of Financial Assets Measured at FVOCI (794,122) (4,160,163) 2.2.3 Gains/losses from Cash Flow Hedges (259,940) (1,999,267) 2.2.4 Gains/Losses on Hedges of Net Investments in Foreign Operations (6,877,954) (2,728,261) 2.2.5 Other Income/Expense Items to be Recycled to Profit or Loss (56,306) (128,122) 2.2.6 Deferred Taxes on Other Comprehensive Income to be Recycled to Profit or Loss 2,390,111 2,629,908 III. TOTAL COMPREHENSIVE INCOME (I+II) 99,601,208 71,634,315 The accompanying notes are an integral part of these consolidated financial statements. 30 September 2025 30 September 2024 THOUSANDS OF TURKISH LIRA (TL) 8
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries For the period ended at 30 September 2025 Revaluation surplus on tangible and intangible assets Defined Benefit Plans' Actuarial Gains/Losses Others Foreign Currency Translation Differences Income/Expenses from Valuation and/or Reclassification of Financial Assets Measured at FVOCI Others I. Balances at Beginning of Period 4,200,000 11,880 - 772,554 15,971,976 (1,994,953) 1,322,665 28,894,950 3,337,016 (8,778,924) 114,589,030 86,374,997 - 244,701,191 920,327 245,621,518 II. Correction made as per TAS 8 - - - - - - - - - - - - - - - - 2.1. Effect of Corrections - - - - - - - - - - - - - - - - 2.2. Effect of Changes in Accounting Policies - - - - - - - - - - - - - - - - III. Adjusted Balances at Beginning of Period (I+II) 5.5 4,200,000 11,880 - 772,554 15,971,976 (1,994,953) 1,322,665 28,894,950 3,337,016 (8,778,924) 114,589,030 86,374,997 - 244,701,191 920,327 245,621,518 IV. Total Comprehensive Income - - - - 5,103,073 (707,764) 485,262 6,189,286 (2,944,066) (3,443,610) - - 66,271,669 70,953,850 680,465 71,634,315 V. Capital Increase in Cash - - - - - - - - - - - - - - - - VI. Capital Increase from Internal Sources - - - - - - - - - - - - - - - - VII. Capital Reserves from Inflation Adjustments to Paid-in Capital - - - - - - - - - - - - - - - - VIII . Convertible Bonds - - - - - - - - - - - - - - - - IX. Subordinated Liabilities - - - - - - - - - - - - - - - - X. Others Changes - - - - - - - - - - 86,976 - - 86,976 - 86,976 XI. Profit Distribution - - - - - - - - - - 73,275,239 (86,374,997) - (13,099,758) (241,387) (13,341,145) 11.1 Dividends - - - - - - - - - - - (13,099,758) - (13,099,758) (241,387) (13,341,145) 11.2 Transfers to Reserves - - - - - - - - - - 73,257,539 (73,257,539) - - - - 11.3 Others - - - - - - - - - - 17,700 (17,700) - - - - Balances at end of the period (III+IV+…+X+XI) 4,200,000 11,880 - 772,554 21,075,049 (2,702,717) 1,807,927 35,084,236 392,950 (12,222,534) 187,951,245 - 66,271,669 302,642,259 1,359,405 304,001,664 I. Balances at Beginning of Period 4,200,000 11,880 - 772,554 25,642,651 (2,825,872) 2,166,512 33,263,218 (1,426,792) (11,228,706) 187,933,574 91,279,430 - 329,788,449 1,620,169 331,408,618 II. Correction made as per TAS 8 - - - - - - - - - - - - - - - - 2.1. Effect of Corrections - - - - - - - - - - - - - - - - 2.2. Effect of Changes in Accounting Policies - - - - - - - - - - - - - - - - III. Adjusted Balances at Beginning of Period (I+II) 5.5 4,200,000 11,880 - 772,554 25,642,651 (2,825,872) 2,166,512 33,263,218 (1,426,792) (11,228,706) 187,933,574 91,279,430 - 329,788,449 1,620,169 331,408,618 IV. Total Comprehensive Income - - - - 3,997,027 (831,552) 902,822 16,657,272 (622,322) (4,993,893) - - 83,418,240 98,527,594 1,073,614 99,601,208 V. Capital Increase in Cash - - - - - - - - - - - - - - - - VI. Capital Increase from Internal Sources - - - - - - - - - - - - - - - - VII. Capital Reserves from Inflation Adjustments to Paid-in Capital - - - - - - - - - - - - - - - - VIII . Convertible Bonds - - - - - - - - - - - - - - - - IX. Subordinated Liabilities - - - - - - - - - - - - - - - - X. Others Changes - - - - - - - - - - 221,484 124,916 - 346,400 - 346,400 XI. Profit Distribution - - - - - - - - - - 72,844,431 (91,279,430) - (18,434,999) (528,035) (18,963,034) 11.1 Dividends - - - - - - - - - - - (18,434,999) - (18,434,999) (528,035) (18,963,034) 11.2 Transfers to Reserves - - - - - - - - - - 72,830,575 (72,830,575) - - - - 11.3 Others - - - - - - - - - - 13,856 (13,856) - - - - Balances at end of the period (III+IV+…+X+XI) 4,200,000 11,880 - 772,554 29,639,678 (3,657,424) 3,069,334 49,920,490 (2,049,114) (16,222,599) 260,999,489 124,916 83,418,240 410,227,444 2,165,748 412,393,192 9 Minority Interest Total Shareholders' Equity The accompanying notes are an integral part of these consolidated financial statements. PRIOR PERIOD (01/01/2024-30/09/2024) CURRENT PERIOD (01/01/2025-30/09/2025) Consolidated Statement of Changes in Shareholders' Equity Other Comprehensive Income/Expense Items not to be Recycled to Profit or Loss Other Comprehensive Income/Expense Items to be Recycled to Profit or Loss THOUSANDS OF TURKISH LIRA (TL) STATEMENT OF CHANGES IN SHAREHOLDERS' EQUITY Footnotes Paid-in Capital Share Premium Share Cancellation Profits Other Capital Reserves Profit Reserves Prior Periods' Profit/Loss Current Period's Net Profit/Loss Shareholders' Equity Before Minority Interest
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(Convenience Translation of Financial Statements Originally Issued in Turkish) Türkiye Garanti Bankası Anonim Şirketi and Its Financial Subsidiaries Consolidated Statement of Cash Flows For the period ended at 30 September 2025 CURRENT PERIOD PRIOR PERIOD 1 January 2025- 1 January 2024 - A. CASH FLOWS FROM BANKING OPERATIONS 1.1 Operating profit before changes in operating assets and liabilities 5.6 101,506,826 69,589,468 1.1.1 Interests received 543,946,302 340,243,623 1.1.2 Interests paid (434,005,211) (261,225,656) 1.1.3 Dividend received 260,741 173,098 1.1.4 Fees and commissions received 147,969,303 99,608,073 1.1.5 Other income 19,819,699 9,936,193 1.1.6 Collections from previously written-off receivables 8,599,774 2,588,101 1.1.7 Cash payments to personnel and service suppliers (110,325,454) (67,845,070) 1.1.8 Taxes paid (24,443,126) (29,517,268) 1.1.9 Others (50,315,202) (24,371,626) 1.2 Changes in operating assets and liabilities 5.6 (39,595,265) (134,752,553) 1.2.1 Net (increase) decrease in financial assets measured at FVTPL (2,351,846) 1,319,900 1.2.2 Net (increase) decrease in due from banks (201,836,258) (199,485,952) 1.2.3 Net (increase) decrease in loans (746,756,569) (421,957,696) 1.2.4 Net (increase) decrease in other assets (39,247,807) (36,481,710) 1.2.5 Net increase (decrease) in bank deposits (50,199,792) 39,454,583 1.2.6 Net increase (decrease) in other deposits 818,801,026 407,134,589 1.2.7 Net increase (decrease) in financial liabilities measured at FVTPL (2,075,012) (2,046,745) 1.2.8 Net increase (decrease) in funds borrowed 118,665,537 17,993,592 1.2.9 Net increase (decrease) in matured payables - - 1.2.10 Net increase (decrease) in other liabilities 65,405,456 59,316,886 I. Net cash flow from banking operations 5.6 61,911,561 (65,163,085) B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net cash flow from investing activities 5.6 (60,880,714) (51,001,563) 2.1 Cash paid for purchase of associates, subsidiaries and joint-ventures (870,000) (848,000) 2.2 Cash obtained from sale of associates, subsidiaries and joint-ventures - - 2.3 Purchases of tangible assets (10,827,411) (4,905,003) 2.4 Sales of tangible assets 5,049,200 1,442,629 2.5 Cash paid for purchase of financial assets measured at FVOCI (172,579,265) (71,446,244) 2.6 Cash obtained from sale of financial assets measured at FVOCI 137,711,128 62,350,371 2.7 Cash paid for purchase of financial assets measured at amortised cost (52,736,811) (66,249,117) 2.8 Cash obtained from sale of financial assets measured at amortised cost 33,372,445 28,653,801 2.9 Others - - C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net cash flow from financing activities 94,013,239 48,979,693 3.1 Cash obtained from funds borrowed and securities issued 207,740,396 105,532,385 3.2 Cash used for repayment of funds borrowed and securities issued (92,899,043) (42,170,087) 3.3 Equity instruments issued - - 3.4 Dividends paid (18,963,034) (13,341,145) 3.5 Payments for leases (1,865,080) (1,041,460) 3.6 Others - - IV. Effect of translation differences on cash and cash equivalents 5.6 13,477,521 8,081,872 V. Net increase/(decrease) in cash and cash equivalents (I+II+III+IV) 5.6 108,521,607 (59,103,083) VI. Cash and cash equivalents at beginning of period 5.6 202,945,617 295,973,109 VII. Cash and cash equivalents at end of period (V+VI) 5.6 311,467,224 236,870,026 The accompanying notes are an integral part of these consolidated financial statements. STATEMENT OF CASH FLOWS Footnotes 30 September 2025 30 September 2024 THOUSANDS OF TURKISH LIRA (TL) 10
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 11 3 Accounting Policies 3.1 Basis of presentation The Bank and its consolidated financial subsidiaries prepare their consolidated financial statements in accordance with the Banking Regulation and Supervision Authority (“BRSA”) Accounting and Reporting Regulation which includes the regulation on “The Procedures and Principles Regarding Banks’ Accounting Practices and Maintaining Documents” published in the Official Gazette dated 1 November 2006 with No. 26333, and other regulations on accounting records of banks published by the Banking Regulation and Supervision Board and circulars and pronouncements published by the BRSA and Turkish Financial Reporting Standards (“TFRS”) published by the Public Oversight Accounting and Auditing Standards Authority (“POA”) for the matters not regulated by the aforementioned legislations. The accompanying consolidated financial statements are prepared in accordance with the historical cost basis except for financial assets and liabilities at fair value through profit or loss, financial assets measured at fair value through other comprehensive income, and real estates which are presented on a fair value basis. Prepared in accordance with the “Communiqué amending the Communiqué on the Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks” published in the Official Gazette dated 1 February 2019 with No. 30673. The accounting policies and the valuation principles applied in the preparation of the accompanying financial statements are explained in Notes from 3.2 to 3.29. 3.1.1 Changes in Accounting policies and disclosures New and revised Turkish Accounting Standards effective for annual periods beginning on or after 1 January 2025 have no material effect on the financial statements, financial performance, and on the Group’s accounting policies. New and revised Turkish Accounting Standards issued but not yet effective as of the finalization date of the financial statements have no material effect on the financial statements, financial performance, and on the Group’s accounting policies. 3.1.2 Other Entities whose functional currency is the currency of a hyperinflationary economy present their financial statements in terms of the measuring unit current at the end of the reporting period according to “TAS 29 Financial Reporting in Hyperinflation Economies”. Based on the announcement made by Public Oversight, Accounting and Auditing Standards Authority (POA) on 23 November 2023, entities applying Turkish Financial Reporting Standards (TFRS) are required to present their financial statements by adjusting for the impact of inflation for the annual reporting period ending on or after 31 December 2023, in accordance with the accounting principles specified in TAS 29. In the same announcement, it was stated that institutions or organizations authorized to regulate and supervise in their respective scope might determine different transition dates for the implementation of inflation accounting, and in this context, Banking Regulation and Supervision Agency (BRSA) announced that; - In accordance with Board decision on 12 December 2023, financial statements of banks, financial leasing, factoring, financing, savings financing and asset management companies as of 31 December 2023 would not be subject to the inflation adjustment. - In accordance with Board decision on 11 January 2024, banks, financial leasing, factoring, financing, savings financing and asset management companies are required to apply inflation adjustment as of 1 January 2025. - In accordance with the Board decision numbered 11021 on 5 December 2024, banks, financial leasing, factoring, financing, savings financing and asset management companies will not apply inflation adjustment in 2025. Based on this, “TAS 29 Financial Reporting in Hyperinflation Economies ” has not been applied in the consolidated financial statements as of 30 Septemer 2025.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 12 In February 2019, POA issued TFRS 17, a comprehensive new accounting standard for insurance contracts covering recognition and measurement, presentation, and disclosure. TFRS 17 introduces a model that both measures insurance contract liabilities at their current balance sheet value and recognizes profit over the period in which the services are provided. With the announcement made by POA, the mandatory effective date of the Standard has been postponed to accounting periods beginning on or after 1 Jan uary 202 6. Accordingly, the Group has not applied the related standard in the consolidated financial statements of its subsidiary Garanti Emeklilik ve Hayat A.Ş.. 3.2 Strategy for use of financial instruments and foreign currency transactions 3.2.1 Strategy for use of financial instruments The liability side of the balance sheet is intensively composed of short-term deposits in line with the general trend in the banking sector. In addition to deposits, the Bank and its financial subsidiaries have access to longer-term borrowings via borrowings from abroad. In order to manage the interest rate risk arising from short -term deposits, the Bank and its financial subsidiaries are keen on maintaining floating rate instruments such as government bonds with quarterly coupon payments and instruments l ike credit cards and consumer loans providing regular cash inflows. A portion of the fixed-rate securities and loans and the bonds are hedged under fair value hedges. The fair value risks of such fixed-rate assets and financial liabilities are hedged with interest rate swaps and cross currency swaps. The fair value changes of the hedged fixed-rate financial assets and financial liabilities together with the changes in the fair value of the hedging instruments, namely interest rate swaps and cross-currency swaps, are accounted under net trading income/losses in the income statement. At the inception of the hedge and during the subsequent periods, the hedge is expected to achieve the offsetting of changes in fair value attributable to the hedged risk for which the hedge is designated, and accordingly, the hedge effectiveness tests are performed. It may classify the financial assets and liabilities as at fair value through profit or loss at the initial recognition in order to eliminate any accounting inconsistency. The fundamental strategy to manage the liquidity risk that may incur due to short -term structure of funding is to expand the deposit base through customer -oriented banking philosophy and to increase customer transactions and retention rates. The widesp read and effective branch network, advantage of primary dealership, and strong market share in the treasury and capital markets, are the most effective tools in the realisation of this strategy. For this purpose, serving customers by introducing new produc ts and services continuously and reaching the customers satisfaction are very important. Another influential factor in the management of the interest and liquidity risk on balance sheet is product diversification both on asset and liability sides. Exchange rate risk, interest rate risk, and liquidity risk are controlled and measured by various risk management systems, and the balance sheet is managed under the limits set by these systems and the limits legally required. Asset-liability management and value-at-risk models, stress tests, and scenario analysis are used for this purpose. Purchase and sale of short and long-term financial instruments are allowed within the pre-determined limits to generate risk-free return on capital. The foreign currency position is controlled by the equilibrium of a currency basket to eliminate the foreign exchange risk. 3.2.2 Foreign currency transactions Foreign exchange gains and losses arising from foreign currency transactions are recorded at transaction dates. At the end of the periods, foreign currency assets and liabilities are evaluated with the Bank’s spot purchase rates for the Parent Bank and domestic financial subsidiaries, and the differences are recorded as foreign exchange gain or loss in the income statement.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 13 During the consolidation of foreign subsidiaries, the assets and liabilities are translated into TL at exchange rates ruling at the balance sheet date, and the income and expenses in income statement are translated into TL using monthly average exchange rates. Foreign exchange differences arising from the translation of income and expenses and other equity items are recognized in “other comprehensive income/expense items to be recycled to profit or loss under the shareholders’ equity. In the current perio d, net investment hedge amounting to EUR 530,583,575 (31 December 2024 : EUR 530,583,575) is applied in total among investments in Garanti Bank International NV and Garanti Holding BV having capitals denominated in foreign currencies and long -term foreign currency borrowings. Foreign exchange losses amounting to TL 23,741,227 (31 December 2024: TL 16,863,273), arising from conversion of both foreign currency investments and long-term foreign currency borrowings are accounted under capital reserves and other comprehensive income/expense items to be recycled to profit/loss, respectively under equity as of 30 September 2025. There is no ineffective portion arising from net investment hedge accounting. 3.3 Information on consolidated subsidiaries As of 30 September 2025, Türkiye Garanti Bankası Anonim Şirketi and the following financial subsidiaries are consolidated in the accompanying consolidated financial statements; Garanti Bank International (GBI), Garanti Finansal Kiralama AŞ (Garanti Finansal Kiralama), Garanti Yatırım Menkul Kıymetler AŞ (Garanti Yatırım), Garanti Portföy Yönetimi AŞ (Garanti Portföy), Garanti Emeklilik ve Hayat AŞ (Garanti Emeklilik), Garanti Faktoring AŞ (Garanti Faktoring), Garanti Ödeme Sistemleri AŞ (GÖSAŞ), Garanti Holding BV (Garanti Holding) and Garanti Ödeme ve Elektronik Para Hizmetleri AŞ (TAMİ). Garanti Finansal Kiralama was established in 1990 to perform financial lease activities and all related transactions and contracts. The company’s head office is in Istanbul. The Bank increased its shareholding to 100% through a further acquisition of 0.04% of the company’s shares on 21 October 2014. Garanti Faktoring was established in 1990 to perform import, export and domestic factoring activities. The company’s head office is in Istanbul. The Bank owns 81.84% of Garanti Faktoring shares including the shares acquired in the market, T. İhracat Kredi Bankası AŞ owns 9.78% of the company’s shares and the remaining 8.38% shares are held by public. GBI was established in October 1990 to perform banking activities abroad. The head office of this bank is in Amsterdam. It is wholly owned by the Bank. Garanti Yatırım was established in 1991 to perform brokerage activities for marketable securities, valuable papers and documents representing financial values or financial commitments of issuing parties other than securities. The company’s head office is in Istanbul. It is wholly owned by the Bank. Garanti Yatırım Ortaklığı AŞ that Garanti Yatırım participated by 3.61%, has been consolidated in the accompanying consolidated financial statements due to the company’s right to elect all the members of the Board of Directors as resulted from its privilege in election of board members. In 1992, it was decided to operate life and health branches under a different company and accordingly Garanti Hayat Sigorta AŞ was established. Garanti Hayat Sigorta AŞ was converted into a private pension company in compliance with the legislation early in 2003 and its name was changed as Garanti Emeklilik ve Hayat AŞ. Following the sale transactions that took place on 21 June 2007, the Bank’s ownership in Garanti Emeklilik decreased to 84.91%. The head office of this company is in Istanbul. Garanti Portföy was established in June 1997 to manage the customer portfolios by using the capital market products in compliance with the principles and rules of the regulations regarding the company’s purpose of establishment and the portfolio management agreements signed with the customers. The company’s head office is in Istanbul. It is wholly owned by the Bank. Garanti Ödeme Sistemleri was incorporated in 1999. It offers the infrastructure required clearing and reconciliation transactions among participants. It constitutes, operates and develops the system, platform and infrastructures ensuring or supporting any and all types of payments or money transfers without having to use cash.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 14 Garanti Ödeme ve Elektronik Para Hizmetleri was established in 2022 with a partnership of 50% Garanti BBVA and 50% Garanti Ödeme Sistemleri AŞ. As of 16 May 2024, with the capital increase of the Parent Bank amounting TL 400,000,000, the shareholding structure of the company has changed to 80.53% Garanti BBVA and 19.47% Garanti Ödeme Sistemleri AŞ. On 30 January 2024, it was granted a license by the Central Bank of the Republic of Türkiye, allowing it to operate as a payment and electronic money institution to provide electronic money issuance services. As of 10 February 2025, with the capital increase of the Parent Bank amounting TL 595,000,000, the shareholding structure of the company has changed to 89.80% Garanti BBVA and 10.20% Garanti Ödeme Sistemleri AŞ. Garanti Holding was established in December 2007 in Amsterdam and all its shares was purchased by the Bank from Doğuş Holding AŞ in May 2010. On 27 January 2011, the consolidated subsidiary’s legal named changed to Garanti Holding BV from D Netherlands BV. Garanti Diversified Payment Rights Finance Company and RPV Company are structured entities established for the Parent Bank’s DPR transactions, and consolidated in the accompanying consolidated financial statements. The Bank or any of its subsidiaries does not have any shareholding interests in these companies. Non-financial subsidiaries owned by the Bank and its subsidiaries within the scope of consolidation are accounted by using the equity method as defined in TAS 28 “Investments in Associates and Joint Ventures”. 3.4 Forwards, options and other derivative transactions 3.4.1 Derivative financial assets Derivative financial assets measured at fair value through profit or loss The derivative transactions mainly consist of foreign currency and interest rate swaps, foreign currency options, and forward foreign currency purchase/sale contacts. Derivatives are initially recorded at their fair values. The related transaction costs are recognized in income statement at the date they incur. The changes in their fair values are recorded on balance sheet under “the portion of derivative financial assets measured at f air value through profit and loss” or “the portion of derivative financial liabilities measured at fair value through profit and loss”, respectively depending on the fair values being positive or negative. Fair value changes for derivatives are recorded in the account of “income/losses from derivative transactions” under statement of profit or loss. Within the scope of TFRS 13 Fair Value Measurement standard; (i) if there is a significant decrease in the volume or level of activity for that asset or liabil ity in relation to normal market activity for the asset or liability (or similar assets or liabilities); (ii) when the transaction or quoted price does not represent fair value; and / or (iii) when a price for a similar asset requires significant adjustmen t to make it comparable to the asset being measured, or (iv) when the price is stable, an adjustment to the transactions or quoted prices is made and this adjustment is reflected to the fair value measurement. In this context, the point is determined within the range that is most representative of fair value under current market conditions. The Parent Bank uses off-shore market curve for swap and forward transactions with foreign institutions and uses the TLREF- based OIS (“Overnight Indexed Swap”) market cu rve for swap and forward transactions with domestic institutions in order to reflect the fair value measurement and performed the necessary fair value measurement adjustments. The spot legs of currency swap transactions are recorded on the balance sheet and the forward legs in the off- balance sheet accounts as commitment. In the initial phase of currency swaps, the currency exchange transactions to realise at value dates are recorded and followed as irrevocable commitments in the off-balance sheet accounts up to their value dates. Liabilities and receivables arising from the derivative instruments are followed in the off -balance sheet accounts at their contractual values.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 15 An embedded derivative is a component of a hybrid contract that also includes a non-derivative host with the effect that some of the cash flows of the combined instrument vary in a way similar to stand-alone derivative. An embedded derivative causes some or all of the cash flows that otherwise would be required by the contract to be modified according to a specified interest rate, financial instrument price, commodity price, foreign exchange rate, index of prices or rates, credit rating, or credit index, or other variables, provided in the case of a non -financial variable that the variable is not specific to contract. A derivative that is attached to a financial instrument but is contractually transferable independently of that instrument, or has a different counterparty, is not an embedded derivative but a separate financial instrument. If a hybrid contract contains a host that is an asset within the scope of this standard, it is applied the standard’s requirements about classification of financial assets to the entire hybrid contract. The Bank and its consolidated financial subsidiaries do not have either any hybrid contract contains a host that is not an asset within the scope of this standard or a financial instrument which shall be separated from the host and accounted for as derivative under this standard. Credit derivatives; are capital market tools designed to transfer credit risk from one party to another. The credit derivatives portfolio included in the off -balance sheet accounts composes of total re turn swaps and credit default swaps resulted from protection buying or selling. Credit default swap; is a contract, in which the protection seller commits to pay the protection value to the protection buyer in case of certain credit risk events in return f or the premium paid by the buyer for the contract. Credit default swaps are valued daily at their fair values. Total return swap; is a contract, in which the protection seller commits to make a certain payment and compensate the decreases in market values of the reference assets to the buyer under the condition that the protection buyer will transfer all the cash flows to be created by and the increases in market values of the reference asset. It is entered into total return swap contract for the purpose of generating long-term funding. 3.4.2 Derivative financial instruments held for hedging purpose TFRS 9 permits to defer implementation of TFRS 9 hedge accounting and continue to apply hedge accounting in accordance with TAS 39 as a policy choice. Accordingly, the Group was applying hedge accounting in accordance with TAS 39 until 1 January 2025. As of 1 January 2025, The Bank and its consolidated financial subsidiaries have started to apply TFRS 9 requirements for micro hedge derivative financial instruments and continues to apply TAS 39 requirements for macro fair value hedge derivative financial instruments. The Group applies T FRS 9 hedge accounting to all hedge relationships, with the exception of fair value hedges of the interest rate exposure of a portfolio of financial assets or financial liabilities. The Group enters into interest rate and cross currency swap transactions in order to hedge the changes in fair values of fixed-rate financial instruments. The changes in fair values of derivativ e instruments held for fair value hedges are recognised in “Income/Losses from Derivative Financial Instruments”. If the hedging is effective, the changes in fair value of the hedged item is presented in the Statement of Financial Position together with the fixed-rate loan. In case of fixed -rate financial assets measured at fair value through other comprehensive income, such changes are reclassified from Shareholders’ Equity to Statement of Profit or Loss. Derivative financial assets measured at fair value through other comprehensive income The Bank and its consolidated financial subsidiaries enter into interest rate and cross -currency swap transactions in order to hedge the changes in cash flows of the floating -rate financial instruments. While applying cash flow hedge accounting, the effective portion of the changes in the fair value of the hedging instrument is accounted for under “accumulated other comprehensive income or expense to be reclassified to profit or loss” in shareholders’ equity, and the ineffective portion is recognised in income statement. The changes recognized in shareholders’ equity are removed and included in statement of profit or loss in the same period when the hedged cash flows effect the income or loss.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 16 The Bank and its consolidated financial subsidiaries discontinue hedge accounting prospectively only when the hedging relationship ceases to meet the qualifying criteria. This includes instances when the hedging instrument expires or is sold, terminated or exercised. For this purpose, the replacement or rollover of a hedging instrument into another hedging instrument is not an expiration or termination if such a replacement or rollover is part of, and consistent with, the Bank’s documented risk management objective. Additionally, for this purpose there is not an expiration or termination of the hedging instrument. Besides The Bank and its consolidated financial subsidiaries perform effectiveness tests as an additional control at the beginning of hedge accounting and at each reporting period. Effectiveness tests are performed with the “Dollar off -set method” and if the effectiveness is between 80% and 125%, it is reviewed in accordance with TFRS 9 regarding the continuation of the hedging relationship. When discontinuing fair value hedge accounting, the cumulative fair value changes in carrying value of the hedged item arising from the hedged risk are amortised to Statement of Profit or Loss under trading account income/loss caption over the maturity of the hedged item from that date of th e hedge accounting is discontinued. While discontinuing cash flow hedge accounting , the cumulative gains/losses recognised in shareholders’ equity and presented under Other Comprehensive Income or Expense to be Recycled to Profit or Loss, are continued to be kept in this account. When the cash flows of hedged item incur, the gain/losses accounted for under Shareholders’ Equity, are recognised in Statement of Profit or Loss considering the original maturity. 3.5 Interest income and expenses General Interest is recorded according to the effective interest rate method (rate equalizing future cash flows of financial assets or liabilities to net present value) defined in the TFRS 9 “Financial Instruments” standard by applying the effective interest rate to the gross carrying amount of a financial asset except for: purchased or originated credit-impaired financial assets or financial assets that are not purchased or originated credit - impaired financial assets but subsequently have become credit -impaired financial assets. In applying the effective interest method, it is identified fees that are an integral part of the effective interest rate of a financial instrument. Fees that are an integral part of the effective interest rate of a financial instrument are treated as an adjustment to the effective interest rate, unless the financial instrument is measured at fair value, with the change in fair value being recognised in profit or loss. In those cases, such fees are accounted as revenue or expense when the financial instrument is initially recognised in the financial statements. When applying the effective interest method, it is amortised any fees, transaction costs and other premiums or discounts that are included in the calculation of the effective interest rate over the expected life of the financial instrument. In case an interest was accrued on a security before its acquisition, the collected interest is divided into two parts as interest before and after the acquisition and only the interest income of the period after the acquisition is recorded as interest income in the financial statements. If the expectations for the cash flows in the financial asset are revised for reasons other than the credit risk, the amendment is reflected in the carrying amount of the asset and in the related income statement line and is amortized over the estimated life of the financial asset. If the financial asset is impaired and classified as a non -performing receivable, it is applied the effective interest rate on the amortized cost of the asset for subsequent reporting periods. Su ch interest income calculation is made on an individual contract basis for all financial assets subject to impairment calculation. It is used effective interest rate during calculation of loss given default rate in expected credit loss models and according ly, the calculation of expected credit losses includes an interest amount. Therefore, a reclassification is made between the accounts of “expected credit losses” expense and “interest income from loans” for interest amounts calculated in this way. If the credit risk of the financial instrument improves to the extent that the financial asset is no longer considered as impaired and the improvement can be attributed to an incident that eventually takes place (such as an increase in the loan's credit rating), the system calculates interest income at subsequent reporting periods by applying the effective interest rate to the gross amount.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 17 Financial lease activities Total of minimum rental payments including interests and principals are recorded under “financial lease receivables” as gross. The difference, i.e. the interest, between the total of rental payments and the cost of the related tangible asset is recorded under “unearned income”. When the rent payment incurs, the rent amount is deducted from “financial lease receivables”; and the interest portion is recorded as interest income in the income statement. 3.6 Fees and commissions Fees and commissions except for which are integral part of the effective interest rates of financial instruments measured at amortized costs, are accounted for in accordance with TFRS 15 “Revenue from Contracts with Customers”. Except for certain fees related with certain banking transactions and recognized when the related service is given, fees and commissions received or paid , and other fees and commissions paid to financial institutions are accounted under accrual basis of accounting throughout the service period. The income derived from agreements or asset purchases from real -person or corporate third parties are recognized as income when realized. 3.7 Financial instruments 3.7.1 Initial recognition of financial instruments It shall be recognised a financial asset or a financial liability in its statement of financial position when, and only when, an entity becomes party to the contractual provisions of the instrument. A regular way purchase or sale of financial assets shall be recognised and derecognised, as applicable, using trade date accounting or settlement date accounting. Purchase and sale transactions of securities are accounted for the settlement date. 3.7.2 Initial measurement of financial instruments The classification of financial instruments at initial recognition depends on the contractual conditions and the relevant business model. Except for the assets in the sc ope of TFRS 15 “Revenue from Contracts with Customers”, at initial recognition, financial assets or financial liabilities are measured at fair value. At initial recognition, financial asset or a financial liability exclusive the ones at fair value through profit or loss are measured at its fair value plus or minus, transaction costs that are directly attributable to the acquisition or issue of the financial asset or financial liability. 3.7.3 Classification of financial instruments On which category a finan cial instrument shall be classified at initial recognition depends on both the business model for managing the financial assets and the contractual cash flow characteristics of the financial asset. 3.7.3.1 Assessment of the business model As per TFRS 9, the business model is determined at a level that reflects how groups of financial assets are managed together to achieve a particular business objective. The business model does not depend on management’s intentions for an individual instrument. Accordingly, this condition is not an instrument -by- instrument approach to classification and should be determined on a higher level of aggregation. During assessment of the business model for management of financial assets, it must be considered all relevant evidence that is available at the date of the assessment. Such relevant evidence includes below: - How the performance of the business model and the financial assets held within that business model are evaluated and reported to the key management personnel; - The risks that affect the performance of the business model (and the financial assets held within that business model) and, in particular, the way in which those risks are managed; and - How managers of the business are compensated (for example, whether the compensation is based on the fair value of the assets managed or on the contractual cash flows collected). Assessment of the business model is not performed on the basis of scenarios that the entity does not reasonably expect to occur, such as so-called ‘worst case’ or ‘stress case’ scenarios.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 18 If cash flows are realised in a way that is different from the expectations at the date that it is assessed the business model, that does not give rise to a prior period error in the financial statements nor does it change the classification of the remaining financial assets held in that business model as long as it is considered all relevant information that was available at the time that it made the business model assessment. However, when the business model is assessed fo r newly originated or newly purchased financial assets, it must be considered information about how cash flows were realised in the past, along with all other relevant information. The business models are divided into three categories. These categories are defined below: - A business model whose objective is to hold assets in order to collect contractual cash flows: A business model whose objective is to hold assets in order to collect contractual cash flows are managed to realise cash flows by collecting contractual payments over the life of the instrument. The financial assets that are held within the scope of this business model are measured at amortised cost when the contractual terms of the financial asset meet the condition of giving rise on specified dates to contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. - A business model whose objective is achieved by both collecting contractual cash flows and selling financial assets: It may be held financial assets in a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. Fair value change of the financial assets that are held within the scope of this business model is accounted under other comp rehensive income when the contractual terms of the financial asset meet the condition of giving rise on specified dates to contractual cash flows that are solely payments of principal and interest on the principal amount outstanding. - Other business models: Financial assets are measured at fair value through profit or loss if they are not held within a business model whose objective is to hold assets to collect contractual cash flows or within a business model whose objective is achieved by both collecting c ontractual cash flows and selling financial assets. 3.7.3.2 Contractual cash flows that are solely payments of principal and interest on the principal amount outstanding As per TFRS 9, a financial asset is classified on the basis of its contractual cash fl ow characteristics if the financial asset is held within a business model whose objective is to hold assets to collect contractual cash flows or within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets. In a basic lending arrangement, consideration for the time value of money and credit risk are typically the most significant elements of interest. In order to assess whether the element provides consideration for only the passage of time, an entity applies judgment and considers relevant factors such as the currency in which the financial asset is denominated and the period for which the interest rate is set. When the contractual conditions are exposed to the risks which are not consistent with the basic lending arrangement or variability of cash flows, the relevant financial asset is measured at fair value through profit or loss. 3.7.4 Measurement categories of financial assets and liabilities All financial assets are classified based on the business model for managing the financial assets. Accordingly, financial assets are classified in three main categories as listed below: - Financial assets measured at amortized cost, - Financial assets measured at fair value through other comprehensive income, - Financial assets measured at fair value through profit or loss. Financial investments and loans measured at amortised cost Financial investments and loans are measured at amortised cost if both of the following conditions are met: - Financial asset is held within a business model whose objective is to hold financial assets in order to collect contractual cash flows and - Contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 19 Financial investments measured at amortised cost: subsequent to the initial recognition, financial investments measured at amortised cost are accounted at amortised cost calculated by using the effective interest rate method. The expected losses calculated for the relevant financial assets in accordance with TFRS 9 are presented in Note 5.1.8.5. Loans: financial assets other than those held for trading in short term or generated through providing money, commodity and services to debtors. Loans are financial assets with fixed or determinable payments and not quoted in an active market. Loans are recognized at cost and measured at amortized cost using the effective interest method. Duties paid, transaction costs and other similar expenses on assets received against such risks are considered as a part of transaction cost and charged to customers. The expected losses calculated for the relevant financial assets in accordance with TFRS 9 are presented in Note 5.1.5.11. Financial assets measured at fair value through other comprehensive income As per TFRS 9, financial investments are measured at fair value through other comprehensive income if both of the following conditions are met: - Financial asset is held within a business model whose objective is achieved by both collecting contractual cash flows and selling financial assets and - Contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. A gain or loss on a financial asset measured at fair value through other comprehensive income shall be recognised in other comprehensive income, except for impairment gains or losses and foreign exchange gains and losses, unt il the financial asset is derecognised or reclassified. If the financial asset is reclassified as financial assets measured at fair value through profit or loss, the cumulative gain or loss previously recognised in other comprehensive income is reclassifie d from equity to profit or loss as a reclassification adjustment at the reclassification date. Financial assets measured at fair value through other comprehensive income are measured at their fair values subsequently. However, assets for which fair values could not be determined reliably are valued at amortized cost by using the discounting method with effective interest rate, that approximates to fair value, for floating- rate securities; and by using valuation models or discounted cash flow techniques for fixed-rate securities. Unrecognised gains/losses derived from the difference between their fair value and the discounted values are recorded in accumulated other comprehensive income or expense to be reclassified to profit or loss under the shareholders’ equity. In case of sales, the gain/losses arising from fair value measurement accumulated under shareholders’ equity are recognized in income statement. Interests calculated and/or earned by using the effective interest method during holding of financial assets measured at fair value through other comprehensive income are recorded primarily in interest income. In case of sale of such debt securities are sold before maturity date, the difference between the sales income calculated as difference between the cost in accordance with the Uniform Chart of Accounts and the sale price and the recognized interest income is transferred to “trading account income/losses”. The Bank also consumer price indexed government bonds (“CPI”) in its securities portfolio, reclas sified as financial assets measured at fair value through other comprehensive income, financial assets measured at fair value through profit or loss and financial assets measured at amortised cost. CPI’s are valued and accounted based on the effective inte rest rate method which is calculated according to the real coupon rate and the reference inflation index on the issue date. As it is mentioned in the Undersecretariat of Treasury’s Investor Guide of CPI, the reference index used during the calculation of t he actual coupon payment amount is the previous two months’ CPI’s. The Bank determines its expected inflation rates in compliance with this guideline. The estimated inflation rate according to the Central Bank of Türkiye’s and the Bank’s expectations, may be updated during the year when it is considered necessary.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 20 Equity instruments measured at fair value through other comprehensive income At initial recognition, it can be made an irrevocable election to present in other comprehensive income subsequent changes in the fair value of an investment in an equity instrument within the scope of TFRS 9 that is neither held for trading nor contingent consideration recognised by an acquirer in a business combination to which TFRS 3 applies. Such election is made on an instrument-by-instrument basis. Amounts presented in other comprehensive income shall not be subsequently transferred to profit or loss. However, the cumulative gain or loss shall be transferred to prior period’s profit or loss. Dividends on such investments are recognised in profit or loss unless the dividend clearly represents a recovery of part of the cost of the investment. TFRS 9 impairment requirements are not applicable for equity instruments. Financial assets and liabilities measured at fair value through profit or loss Financial assets valued at fair value through profit or loss are valued at their fair values and gain/loss arising on those assets is recorded in the income statement. Interest income earned on trading securities and the difference between their acquisition costs and amortized costs are recorded as interest income in the income statement. The differences between the amortized costs and the fair values of such securities are recorded under trading account income/losses in the income statement. In cases where such securities are sold before their maturities, the gains/losses on such sales are recorded under trading account income/losses. It is classified certain loans and securities issued at their origination dates, as financial assets/liabilities, irrevocably at fair value through profit or loss in order to eliminate any accounting mismatch in compliance with TFRS 9. The interest income/expense earned and the difference between the acquisition costs and the amortized costs of financial liabilities are recorded under interest income/expense in statement of profit or loss, the difference between the amortized costs and the fair values of f inancial liabilities are recorded under trading account income/losses in statement of profit or loss. The amount of change in the fair value of the financial liability at fair value through profit or loss that is attributable to changes in the credit risk of that liability shall be presented in other comprehensive income unless it creates accounting mismatch or increases the accounting mismatch. Excluding the change in credit risk of the liability, the change in the fair value of the liability shall be recognized in profit or loss. 3.8 Disclosures on impairment of financial instruments Loss allowance for expected credit losses is recognised on financial assets and loans measured at amortised cost, financial assets measured at fair value through other comprehensive income, loan commitments, and financial guarantee contracts not measured at fair value through profit or loss based on TFRS 9 and the regulation published in the Official Gazette No . 29750 dated 22 June 2016 in connection with “Procedures and Principals regarding Classification of Loans and Allowances Allocated for Such Loans” effective from 1 January 2018. TFRS 9 impairment requirements are not applicable for equity instruments. At each reporting date, it shall be assessed whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, it shall be used the change in the risk of a default occurring for the financial instrument. As of the reporting date, if the credit risk on a financial instrument has not increased significantly since initial recognition, it shall be measured the loss allowance for that financial instrument at an amount equal to 12 - month expected credit losses. However, if there is a significant increase in credit risk of a financial instrument since initial recognition, it is measured loss allowance regarding such instrument at an amount equal to lifetime expected credit losses. The expected credit loss is calculated on a collective basis by means of grouping the financial assets having common credit risk features or on an individual basis. It is constituted a policy in order to make an assessment whether the credit risk on a financial instrument has increased significantly since initial recognition by taking into consideration change in the risk of a default occurring over the expected life of the financial instrument. The aforementioned policy is presented in note 3.8.3. The impairment model having 3 stages based on the change in credit quality since initial recognition based on TFRS 9 is explained below.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 21 3.8.1 Calculation of expected credit losses Expected credit losses are calculated based on a probability-weighted estimate of credit losses (i.e. the present value of all cash shortfalls) over the expected life of the financial instrument. A cash shortfall is the difference between the cash flows that are due based on the contract and the cash flows that are expected to be received. Probability of Default (PD): PD refers to the likelihood that a loan will default, which is usually set at 12 months, given certain characteristics. Based on TFRS 9, it is used two different PDs in order to calculate expected credit losses: - 12-month PD: as the estimated probability of default occurring within the next 12 months following the balance sheet date. - Lifetime PD: as the estimated probability of default occurring over the remaining life of the financial instrument. Internal rating systems are used for both retail and commercial portfolios. The internal rating models used for the commercial portfolio include customer financial information and qualitative survey responses. Whereas behavioral and application scorecards used in the retail portfolio include; (i) the behavioral data of the customer and the product in the Bank, (ii) the demographic information of the customer, and (iii) the behavioral data of the customer in the sector. Probability of default calculation has been carried out based on past information, current conditions and forward-looking macroeconomic parameters. Loss Given Default (LGD): If a loan default occurs, it represents the economic loss incurred on the loan. It is expressed as a percentage. LGD calculations are performed using historical data which best reflect current conditions, by formation of segments based on certain risk factors that are deemed important for each portfolio and inclusion of forward- looking information and macroeconomic expectations. LGD summarizes all cash flows from custome rs subsequent to default. It covers all costs and collections that occur during the collection cycle, including collections from collaterals. It also includes the "time value of money" calculated by means of deducting costs and additional losses from the present value of collections. Exposure at Default (EAD): For cash loans, it corresponds to the amount of loan granted as of the reporting date. For non-cash loans and commitments, it is the value calculated through using credit conversion factors. Credit conversion factor corresponds t o the factor which adjusts the potential increase of the exposure between the current date and the default date. When expected credit losses are estimated, it is considered three scenarios (base scenario, bad scenario, good scenario). Each of these three scenarios is associated with different probability of default, loss given default and exposure at default. When relevant, the assessment of multiple scenarios also incorporates how defaulted loans are expected to be recovered, including the probability that the loans will cure and the value of collateral or the amount that might be received for selling the asset. With the exception of credit cards and other revolving facilities, the maximum period for which the credit losses are determined is the contractual life of a financial instrument unless there is the legal right to call it earlier. Stage 1: 12-month expected credit loss represents the expected credit losses that result from default events on a financial instrument that are possible within the 12 months after the reporting date and calculated as the portion of lifetime expected credit losses. It is calculated 12-month expected credit loss based on a probability of default realized within 12 months after the reporting date. Such expected 12-month probability of default is applied on an expected exposure at default, multiplied with loss given default rate and discounted with the original effective interest rate. Such calculation is performed for each of three scenarios explained above. Stage 2: When a loan has shown a significant increase in credit risk since origination, it is calculated an allowance for the lifetime expected credit losses. Including multiple scenario usage, it is similar to descriptions above, but probability of default and loss given default rates are estimated through the life of the instrument. Estimated cash shortfalls are discounted by using the original effective interest rate. Stage 3: For the loans considered as impaired, it is accounted for lifetime expected credit losses. The methodology is similar to stage 2 and the probability of default is taken into account as 100%.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 22 It is considered a debt as default on these two below conditions; 1. Objective Default Definition: It means debt having past due more than 90 days. Current definition of default is based on a more than 90 days past due definition. If a loan is exactly 90 days past due, it will not be considered as default. Default status starts on the 91st day. 2. Subjective Default Definition: It means it is considered that a debt is unlikely to be paid. Whenever it is considered that an obligor is unlikely to pay its credit obligations, it should be considered as defaulted regardless of the existence of any past-due amount or the number of days past due. For the purpose of determining significant increases in credit risk and recognising a loss allowance on a collective basis, financial instruments are grouped on the basis of shared credit risk characteristics. In this context, the methodology developed for the estimation of expected credit losses should include the risk features which meet the criteria for carrying the same credit risk characteristics. Examples of the common credit risk characteristics include, but are not limited to, the following: - Customer type (retail or corporate/commercial) - Product type - Credit risk rating notes /scores - Sector/market segmentation - Collateral type - Loan to value ratio - Duration since origination of a loan - Remaining time to maturity - Exposure at default In addition, a certain portion of commercial and corporate loans is assessed individually in accordance with the internal policies in the calculation of the expected credit losses based on TFRS 9. Such calculations are made by discounting the expected cash deficits from the individual financial instrument to its present value using the effective interest rate. When measuring expected credit losses, it shall be considered the risk or probability that a credit loss occurs by reflecting the possibility that a credit loss occurs and the possibility that no credit loss occurs, even if the possibility of a credit loss occurring is very low. Such as sessment is made by reflecting the estimate of expected credit loss which is unbiased and probability-weighted determined by evaluating a range of possible outcomes. In accordance with the internal policies, TFRS 9 models are updated once a year. The related model update was made in the third quarter of 2025 and has calculated credit losses provision is continued to calculated based on the updated model during 2024. 3.8.1.1 Loan commitments and non-cash loans The expected credit losses on a loan commitment shall be discounted using the effective interest rate, or an approximation thereof, that will be applied when recognising the financial asset resulting from the loan commitment. This is because for the purpose of applying the impairment requirements, a financial asset that is recognised following a drawdown on a loan commitment shall be treated as a continuation of that commitment instead of as a new financial instrument. The expected credit losses on the financial asset shall therefore be measured considering the initial credit risk of the loan commitment from the date when becoming a party to the irrevocable commitment. Expected credit losses on financial guarantee contracts or on loan commitments for which the effective interest rate cannot be det ermined shall be discounted by applying a discount rate that reflects the current market assessment of the time value of money and the risks that are specific to the cash flows but only if, and to the extent that, the risks are taken into account by adjusting the discount rate instead of adjusting the cash shortfalls being discounted.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 23 3.8.1.2 Debt instruments measured at fair value through other comprehensive income In accordance with TFRS 9, the impairment requirements for the recognition and measurem ent of a loss allowance for financial assets that are measured at fair value through other comprehensive income shall be applied. However, the loss allowance shall be recognised in other comprehensive income and shall not reduce the carrying amount of the financial asset in the statement of financial position. The expected credit loss is reflected in other comprehensive income and the accumulated amount is recycled to statement of profit/loss following the derecognition of related financial asset. 3.8.1.3 Credit cards and other revolving loans The Bank and its financial subsidiaries subject to consolidation offer credit card and overdraft products which give ability to corporate and commercial customers demand repayment and cancel the undrawn commitment. Such products do not limit the period that entities are exposed to credit losses with the contractual notice. For this reason, it is calculated the expected credit losses for these products over a period of time reflecting the anticipation of customer behavior, the likelihood of default, and future risk mitigation procedures such as the reduction or removal of undrawn limits. When determining the period over which it is expected to be exposed to credit risk, but for which expected credit losses would not be mitigated by normal credit risk management actions, it is considered factors such as historical information and experience about the below items: - the period over which the entity was exposed to credit risk on similar financial instruments; - the length of t ime for related defaults to occur on similar financial instruments following a significant increase in credit risk; and - the credit risk management actions that it is expected to be taken once the credit risk on the financial instrument has increased, such as the reduction or removal of undrawn limits. It is calculated expected credit losses on the revolving products of retail and corporate customers by considering 3 to 5 years. It is made assessment of significant increase in credit risk of revolving loan s by considering qualitative and quantitative criteria considered for other credit products as explained in disclosure 3.8.3. 3.8.2 Forward-looking macroeconomic information Forward-looking macroeconomic information is incorporated into credit risk parameters during assessment of significant increases in credit risk and expected credit loss calculation. The incorporation of forward - looking information into the credit risk parameters consists of the following steps: Step 1: It is made specifications and estimates of econometric models that reveal past relationships between credit risk parameters and macroeconomic variables in order to be able to generate estimates based on macroeconomic information. Macroeconomic variable prevailing during these estimates is mainly the Gross Domestic Product (GDP). Step 2: Where macroeconomic scenarios do not include longer maturity, a process called “convergence to the mean” is applied. Step 3: In order to estimate the ultimate parameters to be used in the calculation of the expected credit losses, it is applied the methods of credit risk parameters reflection and forward -looking impact inclusion into the parameters. The Parent Bank updates its macroeconomic parameters incorporated into significant increases in credit risk and expected credit loss assessments quarterly. The Parent Bank takes into account different scenarios in the calculation of expected credit loss by evaluating the current economic conditions and expert opinions. Accordingly, the updated macroeconomic valu e estimates taken into account in the expected loss provision calculation are presented below as of 30 September 2025.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 24 Date GDP 31.12.2025 3.75% 31.12.2026 3.97% 31.12.2027 5.46% 31.12.2028 3.20% 31.12.2029 4.06% 3.8.3 Significant increase in credit risk Qualitative and quantitative assessments are performed regarding assessment of significant increase in credit risk. Qualitative assessment: It is classified the financial asset as Stage 2 (Significant Increase in Credit Risk) where any of the following conditions are satisfied as a result of a qualitative assessment. - Loans overdue more than 30 days as of the reporting date, - Loans classified as watchlist, - When there is a change in the payment plan due to refinancing, restructuring or concession, the loan is not considered as default or written off and the change is not due to any commercial reason. Quantitative assessment: The quantitative reason explaining the significant increase in the credit risk is based on a comparison of the probability of default calculated at the origination of the loan and the probability of default assigned for the same loan as of the reporting date. The absolute and relative thresholds used for the probability of default are differentiated on the basis of segment/ loan group. It is classified the related financial asset as stage 2 (Significant Increase in Credit Risk) where both of the following criteria are satisfied as a result of quantitative assessment. - Relative change in the Probability of Default (PD): If the "relative difference" between the probability of defaults as of the reporting date and the date when the loan is initially recognized in the financial statements is above the specified threshold - Absolute change in the PD: If the "absolute differe nce" between the probability of defaults as of the reporting date and the date when the loan is initially recognized in the financial statements is above the specified threshold (different from the threshold for the relative change). 3.8.4 Low credit risk As per TFRS 9, the credit risk on a financial instrument is considered as low if the financial instrument has a low risk of default, the borrower has a strong capacity to meet its contractual cash flow obligations in the near term and adverse changes in ec onomic and business conditions in the longer term may, but will not necessarily, reduce the ability of the borrower to fulfill its contractual cash flow obligations. It is not considered financial instruments to have low credit risk when they are regarded as having a low risk of loss simply because of the value of collateral and the financial instrument without that collateral would not be considered low credit risk. Financial instruments are also not considered to have low credit risk simply because they have a lower risk of default than the other financial instruments or relative to the credit risk of the jurisdiction within which it is operated. If it is determined that a financial instrument has a low credit risk as of the reporting date, it is assumed that the credit risk of the financial instrument has not increased significantly following its first recognition in the financial statements. It is defined the definition of low credit risk based on the definition of High -Quality Liquid Asset given in the Regulation on the Liquidity Coverage Ratio Calculation and the principles of the risk weight calculation based on the external rating note of the receivables from the Central Banks and the Central Governments in accordance with the Regulation on the Measurement and Assessment of Banks’ Capital Adequacy.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 25 The financial instruments that are defined as having low credit risk based on TFRS 9 are as follows: - Receivables from the Central Bank of the Republic of Türkiye (required reserves, free reserves, placements etc.) - Loans with the counterparty of the Treasury of the Republic of Türkiye, - Receivables (reserves, free reserves, placements, etc.) from the central banks of the branches of the Bank or its subsidiaries, securities issued or guaranteed by these central banks and securities issued/guaranteed by the treasury of these countries, - Loans granted to the treasury of countries having rating note of AA- and above and the securities issued or guaranteed by the treasury of these countries, - Local currency loans granted to the treasury of countries having rating below AA-, and securities in local currency issued or guaranteed by the treasury of these countries, - Securities exported or guaranteed by multilateral development banks or international organizations having rating of AA- and above. 3.8.5 Disclosures on write down policy The amendment with respect to the regulation on the Principles and Procedures Regarding the Classification of Loans and Reserves Set Aside for These Loans entered into force with its publication in the Official Gazette No.30961 on 27 November 2019. Pursuant to the regulation, the banks are enabled to write down and move off the balance sheet the portion of a loan which is classified as “Group V Loan” (Loans Classified as Loss) if it ca nnot reasonably be expected to be recovered. The Bank performs objective and subjective assessments whether there is reasonable expectation. In accordance with TFRS 9, a provision is provided for the portions of the loans, that are not expected to be recovered as explained in the accounting policies “3.8 Disclosures on impairment of financial instruments” and “3.8.1 Calculation of expected credit losses ”. Accordingly, the loans which cannot be reasonably expected to be recovered regarding the opinions of th e related department responsible from the collection and the portion up to the provision amount of the loans, that are classified as “Group V Loan” (Loans Classified as Loss), can be subject to write-down operation. In addition, all of the loans that meet the conditions in the below are assessed by the Bank as having completely lost their ability to collect and can be written down based on the positive opinion of the related departments. i. Being monitored as a non-performing loan at least for 18 months, ii. Not having any collection in the last 6 months, iii. The absence of a qualified guarantee. The write-down of these loans, which are not possible to be collected, is an accounting policy and this policy does not result in waiving the right of receivables. 3.9 Disclosures about netting and derecognition of financial instruments 3.9.1 Netting of financial instruments Financial assets and liabilities are offset and the net amount is reported in the balance sheet when the Bank and its consolidated financial subsidiaries have legally enforceable rights to offset the recognized amounts and to collect/pay related financial assets and liabilities on a net basis, or there is an intention to realize the asset and settle the liability simultaneously. 3.9.2 Derecognition of financial instruments 3.9.2.1 Derecognition of financial assets due to change in the contractual terms Based on TFRS 9, the renegotiation or modification of the contractual cash flows of a financial asset can lead to the derecognition of the existing financial asset. When the modification of a financial asset results in the derecognition of the existing financial asset and the subsequent recognition of the modified financial asset, the modified asset is considered a ‘new’ financial asset.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 26 The Bank shall assess the characteristics of the new contractual terms of the financial asset based on quantitative and qualitative criteria. When the contractual cash flows of a financial asset are renegotiated or otherwise modified and the renegotiation or modification does not result in the derecognition of that financial asset, it is recalculated the gross carrying amount of the financial asset and in case a significant change is determined, it is recognized as a modification gain or loss in profit or loss. Where all risks and rewards of ownership of the asset have not been transferred to another party and it is retained control of the asset, it is continued to recognize the remaining portion of the asset and liabilities arising from such asset. When it is retained substantially all the risks and rewards of ownership of the transferred asset, the transferred asset continues to be recognised in its entirety and the consideration received is recognised as a liability. 3.9.2.2 Derecognition of a financial asset without any change in the contractual terms It is derecognised the asset if the contractual rights to cash flows from the financial asset are expired or the related financial asset and all risks and rewards of ownership of the asset are transferred to another party. Except for equity instruments measured at fair value through other comprehensive income, the total amount consisting of the gain or loss arising from the difference between the book value and the amount obtained and any accumulated gain directly accounted in equity shall be recognized in profit or loss. 3.9.2.3 Derecognition of financial liabilities A financial liability (or part of a financial liability) is removed from the statement of financial position only when the obligation is extinguished, so when the obligation specified in the contract is fulfilled, canceled or expired. 3.9.3 Reclassification of financial instruments Based on TFRS 9, it shall be reclassified all affected financial assets at amortised cost to financial assets measured at fair value through other comprehensive income and fair value t hrough profit or loss in the subsequent accounting when, and only when, it is changed the business model for managing financial assets. 3.9.4 Restructuring and refinancing of financial instruments It may be changed the original contractual terms of a loan (maturity, repayment structure, guarantees and sureties) which were previously signed, in case the loan cannot be repaid or if a potential payment difficulty is encountered based on the new financing power and structure of the borrower. Restructuring is to change the financial terms of existing loans in order to facilitate the payment of debt. Refinancing is granting a new loan which will cover either the principal or the interest payment in whole or in part of one or a few existing loans due to the anticipated financial difficulty which the customer or group encounter currently or will encounter in the future. Changes in the original terms of a credit risk can be made in the current contract or through a new contract. Corporate and commercial companies which have been restructured and refinanced can be removed from the watchlist when the following conditions are met: - Subsequent to the thorough review of company's financial data and its owners' equity position, in circumstances when it is not anticipated that the owner of the company will face financial difficulties; and it is assessed that the restructured debt will be paid on time (starting from the date when the debt is restructured all due principal and interest payments are made on time) - At least 2 years should pass over the date of restructuring (or if it is later), the date of removal from non- performing loan category, 10% (or the ratio specified in the legislation) of the total principal amount at the time restructuring /refinancing shall be paid and n o overdue amount (principal and interest) shall remain at the date of restructuring/refinancing. In order for the restructured non-performing corporate and commercial loans to be classified to the watchlist category, the following conditions must be met: - Recovery in debt service, - At least 1 year should pass over the date of restructuring,
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 27 - Payment of all accrued and overdue amounts by debtor (interest and principal) since the date of restructuring /refinancing or the date when the debtor is classified as no n-performing (earlier date to be considered) and fulfillment of the payment condition of all overdue amounts as of the date of restructuring /refinancing, - Collection of all overdue amounts, disappearance of the reasons for classification as non -performing receivable (based on the conditions mentioned above) and having no overdue more than 30 days as of the date of reclassification. During the follow-up period of at least two years following the date of restructuring/refinancing, if there is a new restructuring/refinancing or a delay of more than 30 days, the transactions which were non-performing at the beginning of the follow-up period are classified as non-performing loans again. The performing or non -performing retail loans being subject to restructuring shall be removed from the watchlist only if the debt is paid in full. 3.10 Repurchase and resale agreements and securities lending Securities sold under repurchase agreements are recorded on the balance sheet in compliance with the Uniform Chart of Account s. Accordingly, government bonds and treasury bills sold to customers under repurchase agreements are classified as “Investments Subject to Repurchase Agreements” and valued based on the management’s future intentions, either at market prices or using discounting method with internal rate of return. Funds received through repurchase agreements are classified separately under liability accounts and the related interest expenses are accounted for on an accrual basis. Securities purchased under resale agreements are classified under “Money Markets Placements” separately. An income accrual is accounted for the positive difference between the purchase and resale prices earned during the period on such securities. Securities lending transactions are classified und er “Money Markets” and the related expense accruals are accounted. 3.11 Assets held for sale, assets of discontinued operations and related liabilities According to the Turkish Financial Reporting Standard 5 (TFRS 5) “Assets Held for Sale and Discontinued Operations”, a tangible asset (or a group of assets to be disposed) classified as “asset held for sale” is measured at lower of carrying value and fair value less costs to sell. An asset (or a group of assets to be disposed) is regarded as “asset held for sale” only when the sale is highly probable and the asset (or a group of assets to be disposed) is available for immediate sale in its present condition. For a highly probable sale, there must be a valid plan prepared by the management for the sale of ass et including identification of possible buyers and completion of sale process. Furthermore, the asset should be actively in the market at a price consistent with its fair value. Assets held for sale consist of tangible assets and investments in associates to be disposed that were acquired against non-performing receivables. A discontinued operation is a part of the business classified as sold or held for sale. The operating results of the discontinued operations are disclosed separately in income statement. The Bank or its financial subsidiaries have no discontinued operations. 3.12 Goodwill and other intangible assets The intangible assets consist of goodwill, software, intangible rights and other intangible assets. Goodwill and other intangible assets are recorded at cost in accordance with the Turkish Accounting Standard 38 (TAS 38) “Intangible Assets”. The costs of other intangible assets purchased before 31 December 2004 are restated from the purchasing dates to 31 December 2004, the date the hyperinflat ionary period is considered to be ended. The intangible assets purchased after this date are recorded at their initial purchase costs. As per TAS 38, internally -generated software should be recognised as intangible assets if they meet the below-listed criteria: - The technical feasibility of completing the intangible asset so that it will be available for use, - Availability of the Bank and its financial subsidiaries’ intention to complete and use the intangible asset,
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 28 - The ability to use the intangible asset, - Clarity in probable future economic benefits to be generated from the intangible asset, - The availability of adequate technical, financial and other resources to complete the development phase and to start using the intangible asset, - The availa bility to measure reliably the expenditure attributable to the intangible asset during the development phase. The directly attributable development costs of intangible asset are included in the cost of such assets, however the research costs are recognised as expense as incurred. The intangible assets are amortised over their estimated useful lives based on their inflation -adjusted costs on a straight-line basis. Goodwill represents the excess of the total acquisition costs over the shares owned in the net assets of the acquired company at the date of acquisition. The “net goodwill” resulted from the acquisition of the investment and to be included in the consolidated balance sheet, is calculated based on the financial statements of the investee company as a djusted according to the required accounting principles. If any goodwill is computed at consolidation, it is recorded under intangible assets on the asset side of the consolidated balance sheet as an asset. It is assessed to identify whether there is any indication of impairment. If any such indication exists, the necessary provision is recorded as an expense in the income statement. The goodwill is not amortized. Estimated useful lives of the intangible assets except for goodwill, are 3-15 years and amortisation rates are 6.67-33.3%. If there is objective evidence of impairment, the asset’s recoverable amount is estimated in accordance with the Turkish Accounting Standard 36 (TAS 36) “Impairment of Assets” and if the recoverable amount is less than the carrying value of the related asset, a provision for impairment loss is provided. 3.13 Tangible assets The cost of the tangible assets purchased before 31 December 2004 is restated from the purchasing dates to 31 December 2004, the date the hyperinflationary period is considered to be ended. The tangible assets purchased after this date are recorded at their historical costs. As of 1 November 2015, changing the existing accounting policy, it has been decided to apply revaluation model for properties recorded under tangible assets instead of cost model in accordance with the Turkish Accounting Standard 16 (TAS 16) “Property, Plant and Equipment”. Within this framework, the revaluation difference arising from the valuations performed by independent expertise firms for all real estates registered in the ledger is accounted under revaluation surplus on tangible and intangible assets under equity. If there is objective evidence of impairment, the asset’s recoverable amount is estimated in accordance with the Turkish Accounting Standard 36 (TAS 36) “Impairment of Assets” and if the recoverable amount is less than the carrying value of the related asset, a provision for impairment loss is provided. Gains/losses arising from the disposal of the tangible assets are calculated as the difference between the net book value and the net sale price. Maintenance and repair costs incurred for tangible assets, are recorded as expenses. There are no restrictions such as pledges, mortgages or any other restriction on tangible assets. The depreciation rates and estimated useful lives of tangible assets are presented below. Depreciation method in use was not changed in the current period. Tangible assets Estimated Useful Lives (Years) Depreciation Rates (%) Buildings 50 2 Vaults 50 2 Motor Vehicles 5-7 15-20 Other Tangible Assets 4-20 5-25
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 29 The depreciation of an asset held for a period less than a full financial year is calculated as a proportion of the full-year depreciation charge from the date of acquisition to the financial year-end. Useful lives of buildings are reviewed at least once a year and if current estimates are different than previous estimates, then the revised estimates are considered as accounting policy change in accordance with the Turkish Accounting Standard 8 (TAS 8) “Accounting Policies, Changes in Accounting Estimates and Errors”. Investment properties Land and buildings that are held to earn rentals or for capital appreciation or both rather than for use in production, supply of goods or services, administrative purposes or sale in the ordinary course of business are classified as investment property. As o f 1 November 2015, changing the existing accounting policy, it has been decided to apply fair value model for investment properties instead of cost model in accordance with the Turkish Accounting Standard 40 (TAS 40) “Investment Property”. Accordingly, for all the investment properties registered in the ledger, a valuation study was performed by independent expertise firms and arising changes in their fair values resulting from these studies are recognized in statement of profit or loss at the date they incur.Investment properties accounted at fair value are not depreciated. Right-of-use assets Based on the Parent Bank’s assessment, lease branches, buildings and vehicles are recognized in compliance with TFRS 16 whereas ATM places and other leases are consid ered out of TFRS 16 scope as a result of materiality assessment. Therefore, these leases are recognized under Other Operating Expense. At the commencement date, the Parent Bank shall measure the right-of-use properties at cost in compliance with TFRS 16. The cost of the right-of-use asset comprises the amount of the initial measurement of the lease liability, any lease payments made at or before the commencement date, less any lease incentives received, any initial direct costs incurred by the lessee and a n estimate of costs to be incurred by the lessee in dismantling and removing the underlying asset, restoring the site on which it is located or restoring the underlying asset to the condition required by the terms and conditions of the lease, unless those costs are incurred to produce inventories. After the commencement date, the right-of-use asset is measured by applying a cost model. To apply the cost model, the right -of-use asset is measured at cost less any accumulated depreciation and any accumulated impairment losses; and adjusted for any remeasurement of the lease liability. The depreciation requirements in TAS 16 “Property, Plant and Equipment” is applied in depreciating real assets considered as right-of-use asset. TAS 36 “Impairment of Assets” is applied to determine whether the real estates considered as right -of-use assets are impaired and to account for any impairment loss identified. 3.14 Leasing activities Leases, in which the majority of risks and returns of the related asset belong to the lessor, are classified as operational leases. The rent payments for leases that meet the conditions of exemptions stated in TFRS 16, are recognized as expense in related periods’ statements of profit or loss over the lease term in accordance with periodicity principle. Based on TFRS 16, at the commencement date, the lease liability is measured at the present value of the lease payments that are not paid at that date. The lease payments shall be discounted using the incremental borrowing interest rate. After the commencement date, the lease liability is measured by increasing the carrying amount to reflect interest on the lease liability, reducing the carrying amount to reflect the lease payments made; and remeasuring the carrying amount to reflect any reassessment or lease modifications, or to reflect revised in- substance fixed lease payments. Interest on the lease liability in each period during the lease term shall be the amount that produces a constant periodic rate of interest on the remaining balance of the lease liability.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 30 After the commencement date, the lease liability is remeasured to reflect changes to the lease payments. The amount of the remeasurement of the lease liability is recognised as an adjustment to the right-of-use asset. The lease liability is remeasured by discounting the revised lease payments using a revised discount rate, if either there is a change in the lease term or there is a change in the assessment of an option to purchase the underlying asset. However, if there is a change in future lease payments resulting from a change in an index or a rate used to determine those payments or if there is a change in the amounts expected to be payable under a residual value guarantee, an unchanged discount rate is used. For a lease modification that is not accounted for as a separate lease, at the effective date of the lease modification, the lease liability is remeasured by discounting the revised lease payments using a revised discount rate. The revised discount rate is deter mined as the incremental borrowing interest rate at the effective date of the modification. The carrying amount of the right -of-use asset is decreased to reflect the partial or full termination of the lease for lease modifications that decrease the scope o f the lease. Any gain or loss relating to the partial or full termination of the lease is recognised in profit or loss. A corresponding adjustment to the right-of-use asset is made for all other lease modifications. 3.15 Provisions and contingent liabilities Provisions and contingent liabilities resulted from past events, if it is probable that the commitment will be settled and a reliable estimate can be made for the amount of the obligation, are accounted for in accordance with the Turkish Accounting Stan dard 37 (TAS 37) “Provisions, Contingent Liabilities and Contingent Assets”. 3.16 Contingent assets The contingent assets usually arise from unplanned or other unexpected events that give rise to the possibility of an inflow of economic benefits to the Bank or its financial subsidiaries. If an inflow of economic benefits has become probable, then the contingent asset is disclosed in the footnotes of the financial statements. If it has become virtually certain that an inflow of economic benefits will arise, the asset and the related income are recognized in the financial statements of the related period. 3.17 Liabilities for employee benefits Severance indemnities and short-term employee benefits As per the existing labor law in Türkiye, the entities are r equired to pay certain amounts to the employees who retired or were fired except for resignations or misbehaviors specified in the Turkish Labor Law. Accordingly, the Bank and its financial subsidiaries subject to the labor law, reserved for employee severance indemnities in the accompanying financial statements using actuarial method in compliance with the Turkish Accounting Standard 19 (TAS 19) “Employee Benefits” for all its employees who retired or whose employment is terminated, called up for military service or died. The major actuarial assumptions used in the calculation of the total liability are as follows: Current Period Prior Period Net Effective Discount Rate 3.74% 3.74% Discount Rate 31.02% 31.02% Estimated Real Salary/Limit Increase Rate 1.50% 1.50% Inflation Rate 26.30% 26.30% In the above table, the effective rates are presented for the Bank and its financial subsidiaries subject to the labor law, w hereas the rates applied for the calculations differ according to the employee’s years-in-service. The Bank provided for undiscounted short-term employee benefits earned during the financial periods as per services rendered in compliance with TAS 19. The actuarial gains/losses are recognised under shareholders’ equity as per the revised TAS19. Retirement benefit obligations A defined benefit plan is a pension plan that defines an amount of pension benefit that an employee and his/her dependents will receive on retirement.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 31 The Bank’s defined b enefit plan (“the Plan”) is managed by “Türkiye Garanti Bankası A.Ş Memur ve Müstahdemleri Emekli ve Yardım Sandığı Vakfı” (“the Fund”) established as per the provisional Article 20 of the Social Security Law No.506 and the Bank’s employees are the members of this Fund. The Plan is funded through contributions of both the employees and the employer as required by Social Security Law No. 506. These contributions are as follows: Current Period Prior Period Employer Employee Employer Employee Pension contributions 15.5% 10.0% 15.5% 10.0% Medical benefit contributions 6.0% 5.0% 6.0% 5.0% The Plan is composed of a) the contractual benefits of the employees, which are subject to transfer to Social Security Foundation (“SSF”) as per the Social Security Law No.5754 (“the Law”), and b) other social rights and medical benefits provided by the Bank but not transferable to SSF. a) Benefits transferable to SSF The first paragraph of the provisional Article 23 of Banking Law No. 5411, published in the Official Gazette on 1 November 2005, No. 25983, which requires the transfer of the members of the funds subject to the provisional Article 20 of the Social Security Law No.506, and the persons who are paid under insurance coverage for disablement, old -age and mortality and their right -holders to the SSF within three years following the effective date of the related article was cancelled with the decision of the Constitutional Court dated 22 March 2007, No. 2007/33. The reasoned ruling regarding the cancellation of the Constitutional Court was published in the Official Gazette No. 26731, dated 15 December 2007. The Constitutional Court stated that the reason behind this cancellation was the possible loss of antecedent rights of the fund members. Following the publication of the verdict, the Turkish Grand National Assembly (“Turkish Parliament”) started to work on the new legal arrangements by taking the cancellation reasoning into account and the Articles of the Law No.5754 regulating the principles related with such transfers were accepted and approved by Turkish Parliament on 17 April 2008, and enacted on 8 May 2008 after being published in the Official Gazette No.26870. As per the Law, the present value of post-employment benefits as at the transfer date for the fund members to be transferred, is to be calculated by a commission composing from the repre sentatives of the SSF, the Ministry of Finance, the Undersecretariat of Treasury, the Undersecretariat of State Planning Organisation, the BRSA, the Savings Deposit Insurance Fund (“SDIF”), the banks and the funds, by using a technical discount rate of 9.80% taking into account the Funds’ income and expenses as per insurance classes and the transferable contributions and payments of the funds including any salary and income differences paid by the funds above the limits of SSF for such payments. The transfers are to take place within the three-year period starting from 1 January 2008. Subsequently, the transfer of the contributors and the persons receiving monthly or regular income and their right-holders from such funds established for employees of the banks, insurance and reinsurance companies, trade chambers, stock markets and unions that are part of these organizations subject to the provisional Article 20 of the Social Security Law No.506 to the SSF, has been postponed for two years. The decision was made by the Council of Ministers on 14 March 2011 and published in the Official Gazette No. 27900 dated 9 April 2011 as per the decision of the Council of Ministers No. 2011/1559, and as per the letter No. 150 of the Ministry of Labor and Social Security dated 24 February 2011 and according to the provisional Article 20 of the Social Security and Public Health Insurance Law No.5510. On 19 June 2008, Cumhuriyet Halk Partisi (“CHP”) applied to the Constitutional Court for the cancellation of various articles of the Law including the first paragraph of the provisional Article 20. At the meeting of the Constitutional Court on 30 March 2011, it was decided that the Article 73 and the first paragraph of the provisional Article 20 added to the Law No. 5510 are not co ntradictory to the Constitutional Law, and accordingly the dismissal of the cancellation request has been denied with the majority of votes. Before the completion of two-year period set by the Council of Ministers on 14 March 2011 as explained above, as per the Article No. 51 of the Law No. 6645, published in the Official Gazette No. 29335 dated 23 April 2015, the Article No. 20 of the Law No. 5510 was amended giving the Council of Ministers the authority to determine the date of transfer without defining any timeline.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 32 b) Other benefits not transferable to SSF Other social rights and payments provided in the existing trust indenture but not covered through the transfer of the funds’ members and their right-holders to the SSF, are to be covered by the funds and the institutions that employ the funds’ members. The actuarial gains/losses are recognised under shareholders’ equity. The consolidated subsidiaries do not have retirement benefit plans for their employees. The retirement - related benefits of the employees of the consolidated subsidiaries are subject to SSF in case of domestic investees and to the legislations of the related countries in case of foreign investee companies. There are no obligations not reflected in the accompanying consolidated financial statements. 3.18 Insurance technical reserves and technical income and expense 3.18.1 Insurance technical reserves The Group’s insurance subsidiaries adopted TFRS 4, Insurance Contracts (“TFRS 4”). TFRS 4 requires that all contracts issued by insuran ce companies be classified as either insurance contracts or investment contracts. Contracts with significant insurance risk are considered insurance contracts. Insurance risk is defined as risk, other than financial risk, transferred from the holder of a c ontract to the issuer. TFRS 4 permits a company to continue with its previously adopted accounting policies with regard to recognition and measurement of insurance contracts. Only in case of presentation of more reliable figures a change in accounting policy shall be carried out. Contracts issued by insurance companies without significant insurance risk are considered investment contracts. Investment contracts are accounted for in accordance with TFRS 9 Financial Instruments standard. Insurance technical p rovisions on the consolidated financial statements consist of, reserve for unearned premiums, reserve for unexpired risk, and provision for outstanding claims and mathematical provisions. 3.18.2 Insurance technical income and expense In insurance companies, premium income is obtained subsequent to the share of reinsurers in policy income is diminished. Claims are recorded in expense on accrual basis. Outstanding loss provisions are recognized for the claims reported but not paid yet and for the claims that incurred but not reported. Reinsurers’ share of claims paid and outstanding loss is offset in these provisions. 3.19 Taxation 3.19.1 Corporate tax While corporate tax which is applied to corporate earnings at the rate of 20% in Türkiye, in accordance with the regulation introduced by the Law No.7456 "On the Formation of Additional Motor Vehicle Tax to Compensate the Economic Losses Caused by the Earthquakes That Occurred on 6 February 2023, Amending Certain Laws and the Decree Law No. 375, the corporate earnings of 2023 and later taxation periods this rate has been determined to be applied as 25% and for the banks, companies within the scope of Law No. 6361, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies this rate has been determined to be applied as 30%. This rate is applied to tax base which is calculated by adding certain non-deductible expenses for tax purposes and deducting certain exemptions (like dividend income) and other deductions on accounting income. If there is no dividend distribution, no further tax charges are made.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 33 Dividends paid to the resident institutions and the institutions working through local offices or representatives are not subject to withholding tax. As per the Presidential decision No.32760 dated 22 December 2024, certain duty rates included in the articles No.15 and 30 of the new Corporate Tax Law No.5520 are revised. Accordingly, the witholding tax rate on the dividend payments other than the ones paid to the nonresident institutions generating income in Türkiye through their operations or permanent representatives and the resident institutions has been changed to 15% from 10% by the Presidential decision published in the Official Gazette No. 32760 dated 22 December 2024. In applying the withholding tax rates on dividend payments to the nonresident institutions and the individuals, the withholding tax rates covered in the related Double Tax Treaty Agreements are taken into account. Appropriation of the retained earnings to capital is not considered as profit distribution and therefore is not subject to withholding tax. The prepaid taxes are calculated and paid at the rates valid f or the earnings of the related years. The prepayments can be deducted from the annual corporate tax calculated for the whole year’s earnings. In accordance with the Turkish tax legislation, the tax losses can be carried forward to offset against future taxable income for up to five years. Tax losses cannot be carried back to offset profits from previous periods. While 75% of earnings generated through sale of equity shares, founders’ shares, redeemed shares and preemption rights are exempt from the corporate tax with the conditions that such earnings shall be held in a special reserve account under equity until the end of five years following the year of sale and shall be collected as cash until the end of the following two fiscal years, it has been determin ed that the exemption rate would be 50% by the Presidential Decision published in the Official Gazette dated 27 November 2024 and numbered 32735. All earnings generated through transfer of equity shares, founders’ shares, redeemed shares and preemption rights by the companies being under legal proceedings or guarantor and mortgage provider of such companies, to banks, financial leasing companies and finance companies or the Savings Deposit Insurance Fund in connection with liquidation of their liabilities a nd earnings of banks, financial leasing companies and finance companies through sale of immovable part of such assets or other items are exempt from corporate tax at the rate of 50% and 75%, respectively. As of 31 December 2021, the conditions sought for i nflation adjustment in the calculation of corporate tax have been fulfilled, within the framework of the repeated provision of Article 298/ Ç of the Tax Procedure Law. These conditions are both the exceed in the increase of Producer Price Index in the last 3 accounting periods including current period by 100% and the exceed in the increase in the current period by 10 %. However, temporary article 33 has been added on the Tax Procedure Law No. 213 with the regulation made with the Tax Procedure Law and the Law on Change in Corporate Tax Law No. 7352 published in the Official Gazette No.31734 dated 29 January 2022, the application of inflation adjustment in the calculation of corporate tax was postponed to 2023. According to this, the financial statements for the 2021 and 2022 accounting periods, including the provisional tax periods, are not subject to inflation adjustment, and for the 2023 accounting period; are not subject to inflation adjustment as of the provisional tax periods, and the financial statements dated 31 December 2023 will be subject to inflation adjustment regardless of whether the inflation adjustment conditions are met or not. Profit/loss difference arising from inflation adjustment in the financial statements are to be shown in previous year s' profit/loss accounts and does not affect the corporate tax base. According to Article 17 of the Law No. 7491 on Amendments to Certain Laws and Decree Laws published in the Official Gazette No. 32413 dated 28 December 2023, it has become law that profi t/loss differences arising from the inflation adjustment to be made in the 2024 and 2025 accounting periods, including the provisional tax periods, do not be taken into account in determining the income of banks, companies within the scope of the Financial Leasing, Factoring, Financing and Savings Financing Com panies Law No. 6361 dated 21 November 2012, payment and electronic money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 34 The tax applications for foreign branches; NORTHERN CYPRUS According to the Corporate Tax Law of the Turkish Republic of Northern Cyprus No.41/1976 as amended, the corporate earnings (including foreign corporations) are subject to a 10% corporate tax and 15% income tax. This tax is calculated based on the income that the taxpayers earn in an accounting period. Tax base is determined by modifying accounting income for certain exclusions and allowances for tax purposes. The corporations cannot benefit from the rights of offsetting losses, investment incentives and amortization unless their balance sheets, income statements and accounting records used for tax calculations examined and prepared by an accountant and an auditor authorized by the Ministry of Finance. In cases where it is revealed that the earnings of a corporation were not subject to taxation in prior years or the tax paid on such earnings are understated, additional taxes can be charged in the n ext seven years following that the related taxation period. The corporate tax returns are filed in the tax administration office in April after following the end of the accounting year to which they relate. The corporate taxes are paid in two equal installments in May and October. According to the Decision of the TRNC Council of Ministers dated 25 March 2020, the prepaid taxes are calculated and paid at the rate of 15% tax on quarterly commercial earnings of the related year. The prepayments can be deducted from the annual corporate tax calculated for the whole year earnings. MALTA The corporate earnings are subject to a 35% corporate tax. This rate is determined by modifying accounting income for certain exclusions and allowances for tax purposes. The earnings of the foreign corporations’ branches in Malta are also subject to the same tax rate that the resident corporations in Malta are subject to. The earnings of such branches that are transferred to their head offices are not subject to an additional tax. The taxes payable are calculated by the obligating firm and the calculation is presented in the tax declaration form that is due till the following year’s month of November. Tax applications for foreign financial subsidiaries THE NETHERLANDS In the Netherlands, corporate income tax is levied at the rate of 19% for tax profits up to EUR 200,000 and 25.80% for the excess part over this amount on the worldwide income of resident companies, which is determined by modifying accounting income for certain exclusions and allowances for tax purposes for the related year. Based on the unilateral decree for the avoidance of double taxation between Türkiye and The Netherlands, the dividend taxation is 0% percent under certain conditions. As of 2022, losses of prev ious years no longer vaporize but can be carried forward indefinitely. However , the losses can only be used up to an amount of EUR 1,000,000, or if the profit exceeds EUR 1,000,000, the amount of losses that can be offset is EUR 1 ,000,000 plus 50% of the e xcess of the profit over EUR 1,000,000. Companies must file their tax returns within five months following the end of the tax year to which they relate, unless the company applies for an extension (normally an additional eleven months). Tax returns are open for five years from the date of the filing deadline the tax return during which time the tax authorities have the right to audit tax returns, and the related accounting records on which they are based, and may issue re-assessments based on their findings. The corporate income tax for the Germany branch is 30%. ROMANIA The applicable corporate tax rate in Romania is 16%. The taxation system in Romania is continuously developing and is subject to varying interpretations and constant changes, which may become rarely retroactive. In Romania, tax periods remain open for tax audits for maximum seven years, depending on the reporting year. Tax losses can be carried forward to offset against future taxable income for seven years. The fiscal loss incurred starting with 2024 is recovered within the limit of 70% from the taxable profits generated in the next 5 consecutive years. The deferred tax asset from fiscal losses is recognized to the extent that the realization of the related tax benefit through the future taxable profits is probable.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 35 Levy on turnover (“tax on turnover”) In accordance with Law 296/2023, the Romanian Fiscal Code was amended to introduce, starting 1 January 2024, an additional tax established for credit institutions (Romanian legal entities and Romanian branches of credit institutions) foreign legal enti ties, namely “tax on turnover”. Therefore, c redit institutions owe, in addition to the corporate income tax, a minimum “tax on turnover” computed by applying the following rates on the turnover (which is specifically defined): i) 2% for the period 1 January 2024 - 31 December 2025 inclusively, ii) 1% starting with 1 January 2026. 3.19.2 Deferred taxes According to the Turkish Accounting Standard 12 (TAS 12) “Income Taxes”; deferred tax assets and liabilities are recognized, using the balance sheet method, on all taxable temporary differences arising between the carrying values of assets and liabilities in the financial statements and their corresponding balances considered in the calcul ation of the tax base, except for the differences not deductible for tax purposes and initial recognition of assets and liabilities which affect neither accounting nor taxable profit. As stated in Note 3.19.1, in accordance with the regulation introduced b y the Law No.7456 "On the Formation of Additional Motor Vehicle Tax to Compensate the Economic Losses Caused by the Earthquakes That Occurred on 6 February 2023, corporate income tax has been determined to be applied as 30% for the banks, companies within the scope of Law No. 6361, electronic payment and money institutions, authorized foreign exchange institutions, asset management companies, capital market institutions, insurance and reinsurance companies and pension companies. Therefore, as of 30 September 2025, the Bank has calculated deferred tax at the rate of 30% for assets and liabilities. According to the Provisional Article 33 of the Tax Procedure Law, in the financial statements dated 30 September 2025, the tax effects arising from the subject of inflation correction of the corporate tax are included in the deferred tax calculation as of 30 September 2025. If transactions and events are recorded in the income statement, then the related tax effects are also recognized in the income statement. However, if transactions and events are recorded directly in the shareholders’ equity, the related tax effects are also recognized directly in the shareholders’ equity. The deferred tax assets and liabilities of the Bank and its consolidated subsidiaries are reported as net in their individual financial statements. In compliance with TAS 12, the deferred tax assets and liabilities of the consolidated subsidiaries are presented on the asset and liability sides of financial statements separately, without any offsetting. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Furthermore, the deferred tax assets are not subject to profit distribution or capital increase as per the BRSA’s related circular in cases where there are net asset balances after netting deferred tax assets with deferred tax liabilities. In September 2023, POA issued amendments to TAS 12 that introduce a mandatory exception to the recognition and disclosure of deferred tax assets and liabilities related to Second Pillar income taxes. The amendments clarify that TAS 12 applies to income taxes arising from tax laws that have been enacted, or are substantively enacted, for the purpose of applying the Second Pillar Model Rules issued by the Organization for Economic Cooperation and Development (OECD). These amendments also introduce certain disclosure requirements for entities affected by such tax laws. The exemption for not recognizing and disclosing information about deferred taxes and the disclosure requirement for when the exemption has been applied are applied when the amendment is issued. The amendment did not have a significant impact on the financial position or performance of the parent Bank.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 36 3.19.3 Transfer pricing The Article No.13 of the Corporate Tax Law describes the issue of transfer pricing under the title of “Disguised Profit Distribution by Way of Transfer Pricing”. “The General Communiqué on Disguised Profit Distribution by Way of Transfer Pricing” published on 18 November 2007, explains the application-related issues on this topic. According to this Com muniqué, if the taxpayers conduct transactions like purchase and sale of goods or services with the related parties where the prices are not determined according to the arm’s length principle, then it will be concluded that there is a disguised profit distribution by way of transfer pricing. Such disguised profit distributions will not be deducted from the corporate tax base for tax purposes. As stated in the General Communiqué No. 4 on Disguised Profit Distribution by Way of Transfer Pricing, the taxpayers are required to fill out the “Transfer Pricing, Controlled Foreign Entities and Thin Capitalization” form for the purchase and sale of goods or services conducted with their related parties in a taxation period, attach these forms to their corporate tax returns and submit to the tax offices. 3.20 Funds borrowed The Parent Bank, whenever required, generates funds from domestic and foreign sources in the form of borrowings, syndications, securitizations, and bill and bond issuances in the local and international markets. The funds borrowed are recorded at their purchase costs and valued at amortised costs using the effective interest method. In cases where such funds are valued at their amortised costs but this application results in measurement or accounting mismatch due to having the related financial instruments valued using different methods or the related gains or losses are recognized differently, such fundings are reclassified as financial liabilities at their fair values through profit or loss at initi al recognition in order to prevent such mismatch. The interest expenses paid during holding the related financial liabilities and the difference between the amortized cost and the acquisition cost are recorded as interest expense in statement of profit or loss and the difference between the fair values and the amortized costs of the financial liabilities are recorded under trading account income/losses. 3.21 Share and share issuances If the Bank issues a share at a price above its nominal value, the difference between the issue price and the nominal value is accounted for as “share premium” under shareholders’ equity. 3.22 Confirmed bills of exchange and acceptances Payments of the confirmed bills of exchange and acceptances are made simultaneously with the payments of the customers. Confirmed bills of exchange and acceptances are recorded in “off-balance sheet accounts” as possible debts and commitments, if any. 3.23 Government incentives None. 3.24 Segment reporting The Parent Bank operates in corporate, commercial, retail and investment banking. Accordingly, the banking products served to customers are; custody services, time and demand deposits, accumulating depo sit accounts, repos, overdraft facilities, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, gold loans, foreign currency loans, Eximbank loans, pre -export loans, ECA covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, draft facilities, forfaiting, leasing, insurance, forward, futures, salary payments, investment account (ELMA), cheques, safety boxes, bill payments, tax collections, payment orders. GarantiCard, BonusCard, Miles&Smiles Card, FlexiCard, MoneyCard, BusinessCard, Shop & Fly, virtual cards under the brand names of Visa and Mastercard and also American Express credit cards and “Paracard” debit cards with Maestro, Electron, Visa and Mastercard brand names, are available.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 37 The Parent Bank provides service packages to its corporate, commercial and retail customers including deposits, loans, foreign trade transactions, investment products, cash management, leasing, factoring, insurance, credit cards, and other banking products. A customer -oriented branch network has been built in order to serve customers’ needs effectively and efficiently. The Parent Bank also utilizes alternative delivery channels intensively. The Parent Bank provides corporate banking products to international and national holdings in Türkiye by coordinating regional offices, suppliers and intermediaries, utilizing cross -selling techniques. Mainly, it provides services through its commercial and mixed types of branches to export-revenue earning sectors like tourism and textile and exporters of Türkiye’s traditional agricultural products. Additionally, the Parent Bank provides banking services to enterprises and their employees working in retail and service sect ors through product packages including overdraft accounts, POS machines, credit cards, chequebooks, Turkish Lira and foreign currency deposits, investment accounts, internet banking and call - center, debit cards and bill payment modules. Retail banking customers form a widespread and sustainable deposit base for the Bank. Individual customers’ needs are met by diversified consumer banking products through branches and digital banking. Information on the business segments on a consolidated basis is as follows: Current Period Retail Banking Corporate Banking Investment Banking Other Total Operations Net Interest Income 98,406,587 127,188,087 (130,748,221) 43,002,983 137,849,436 Net Fees And Commıssıons Income 88,453,509 16,054,152 (90,006) (7,324) 104,410,331 Dividend Income - - - 260,741 260,741 Net Trading Income/Losses (Net) 3,247,446 5,076,927 (1,206,921) (6,955,632) 161,820 Other Operatıng Income (*) 3,076,467 3,635,136 138,547 15,556,292 22,406,442 Expected Credıt Losses (*) (27,676,744) (4,559,633) (326,920) 3,042,509 (29,520,788) Other Provisions - - - (256,525) (256,525) Personnel and Other Operatıng Expenses (63,020,113) (20,471,382) (2,708,054) (37,793,643) (123,993,192) Income/Loss From Investments Under Equıty Accountıng - - - 2,031,029 2,031,029 Net Operating Profit 102,487,152 126,923,287 (134,941,575) 18,880,430 113,349,294 Provision for Taxes - - - (28,875,444) (28,875,444) Net Profit 102,487,152 126,923,287 (134,941,575) (9,995,014) 84,473,850 Segment Assets 856,983,589 1,504,059,982 1,099,364,760 730,432,047 4,190,840,378 Investments in Associates and Subsidiaries - - - 16,240,326 16,240,326 Total Assets 856,983,589 1,504,059,982 1,099,364,760 746,672,373 4,207,080,704 Segment Liabilities 1,854,830,166 1,102,980,806 469,313,173 367,563,367 3,794,687,512 Shareholders’ Equity - - - 412,393,192 412,393,192 Total Liabilities and Shareholders’ Equity 1,854,830,166 1,102,980,806 469,313,173 779,956,559 4,207,080,704
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 38 Prior Period Retail Banking Corporate Banking Investment Banking Other Total Operations Net Interest Income 51,754,417 79,692,931 (118,514,437) 76,622,424 89,555,335 Net Fees And Commıssıons Income 55,240,756 11,434,583 20,316 1,284,032 67,979,687 Dividend Income - - - 173,098 173,098 Net Tradıng Income/Losses (Net) 2,844,391 4,738,159 (1,737,754) (342,887) 5,501,909 Other Operatıng Income (*) 2,941,388 425,231 68,139 7,538,639 10,973,397 Expected Credıt Losses (*) (20,160,253) 1,586,835 1,337,107 2,783,617 (14,452,694) Other Provisions 1,197 - - (189,546) (188,349) Personnel and Other Operatıng Expenses (40,613,590) (13,460,402) (1,773,564) (16,959,726) (72,807,282) Income/Loss From Investments Under Equıty Accountıng - - - 1,802,340 1,802,340 Net Operating Profit 52,008,306 84,417,337 (120,600,193) 72,711,991 88,537,441 Provision for Taxes - - - (21,587,078) (21,587,078) Net Profit 52,008,306 84,417,337 (120,600,193) 51,124,913 66,950,363 Segment Assets 635,199,068 1,071,292,880 817,253,040 469,822,323 2,993,567,311 Investments in Associates and Subsidiaries - - - 9,012,068 9,012,068 Total Assets 635,199,068 1,071,292,880 817,253,040 478,834,391 3,002,579,379 Segment Liabilities 1,375,408,981 784,112,394 299,465,995 212,183,391 2,671,170,761 Shareholders’ Equity - - - 331,408,618 331,408,618 Total Liabilities and Shareholders’ Equity 1,375,408,981 784,112,394 299,465,995 543,592,009 3,002,579,379 (*) Prior year reversals from Expected Credit Losses presented under Other Operating Income in the Profit or Loss Statement are netted off with the Expected Credit Losses. 3.25 Profit reserves and profit appropriation Retained earnings as per the statutory financial statements other than legal reserves, are available for distribution, subject to the legal reserve requirement explained to below. Under the Turkish Commercial Code, legal reserves consist of first legal reserve and second legal reserve. First legal reserve, appropriated at the rate of 5%, until the total reserve is equal to 20% of issued and fully paid-in share capital. Second legal reserve, appropriated at the rate of at least 10% of distributions in excess of 5% of issued and fully paid -in share capital, but holding companies are not subject to such transaction. According to the Turkish Commercial Code, legal reserves can only be used to compensate accumulated losses and cannot be used for other purposes unless they exceed 50% of paid-in capital. In the ordinary G eneral Assembly Meeting dated 27 March 202 5, a decision has been made regarding appropriation of the unconsolidated net profit of the Bank deriving from operations in 2024 amounting to TL 92,174,994 and aforementioned distribution has been disclosed in Note 5.10.2. 3.26 Earnings per share Earnings per share disclosed in the statement of profit or loss, are calculated by dividing net profit for the period by the weighted average number of shares outstanding during the period concerned. Current Period Prior Period Distributable net profit 83,418,240 66,271,669 Average number of issued common shares (thousand) 420,000,000 420,000,000 Earnings per share (amounts presented full TL) 0.19861 0.15779 In Türkiye, companies can increase their share capital by making a pro -rata distribution of shares (“bonus shares”) to existing shareholders from retained earnings. For the purpose of earnings per share computations, the weighted average number of shares outs tanding during the year has been adjusted in respect of bonus shares issued without a corresponding change in resources by giving them a retroactive effect for the year in which they were issued and for each earlier period. In case bonus shares are distrib uted after the balance sheet date but before the preparation of the financial statements, earnings per share is calculated considering the new number of shares. As of 30 September 2025, there are no bonus shares issued (31 December 2024: None).
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 39 3.27 Related parties For the purpose of these financial statements, shareholders having control shares of the Bank, key management personnel and board members together with their families and companies controlled by/subsidiary with them, associated companies and joint ventures and the Fund providing post- employment benefits are considered and referred to as related parties in accordance with TAS 24 “Related Parties”. The transactions with related parties are disclosed in detail in Note 5.7. 3.28 Cash and cash equivalents For the purposes of the cash flow statement, cash includes cash effectives, cash in transit, purchased cheques and demand deposits including balances with the Central Bank of Türkiye; and cash equivalents include money market placements, time de posits at banks with original maturity periods of less than three months and investments on marketable securities other than common stocks. 3.29 Other disclosures None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 40 4 Consolidated Financial Position and Results of Operations and Risk Management 4.1 Consolidated total capital The consolidated capital items calculated as per the “Regulation on Equities of Banks” published on 5 September 2013, are presented below: 4.1.1 Components of consolidated total capital (*) Current Period Prior Period COMMON EQUITY TIER I CAPITAL Paid-in Capital to be Entitled for Compensation after All Creditors 4,972,554 4,972,554 Share Premium 11,880 11,880 Reserves 260,999,489 187,933,574 Other Comprehensive Income according to TAS 93,479,473 71,084,803 Profit 83,543,156 91,279,430 Current Period’s Profit 83,418,240 91,243,136 Prior Periods’ Profit 124,916 36,294 Bonus Shares from Associates, Subsidiaries and Joint-Ventures not Accounted in Current Period's Profit 86,889 47,977 Minority Interest 782,716 462,522 Common Equity Tier I Capital Before Deductions 443,876,157 355,792,740 Deductions From Common Equity Tier I Capital Valuation adjustments calculated as per the Article 9. (i) of the Regulation on Bank Capital - - Current and Prior Periods' Losses not Covered by Reserves, and Losses Accounted under Equity according to TAS (-) 31,876,809 24,141,214 Leasehold Improvements on Operational Leases (-) 587,805 407,827 Goodwill Netted with Deferred Tax Liabilities - - Other Intangible Assets Netted with Deferred Tax Liabilities Except Mortgage Servicing Rights 6,915,751 4,118,344 Net Deferred Tax Asset/Liability (-) - - Differences arise when assets and liabilities not held at fair value, are subjected to cash flow hedge accounting - - Total credit losses that exceed total expected loss calculated according to the Regulation on Calculation of Credit Risk by Internal Ratings Based Approach - - Securitization gains - - Unrealized gains and losses from changes in bank’s liabilities’ fair values due to changes in creditworthiness - - Net amount of defined benefit plans - - Direct and Indirect Investments of the Bank on its own Tier I Capital (-) - - Shares Obtained against Article 56, Paragraph 4 of the Banking Law (-) - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Mortgage Servicing Rights Exceeding the 10% Threshold of Tier I Capital (-) - - Net Deferred Tax Assets arising from Temporary Differences Exceeding the10% Threshold of Tier I Capital (-) - - Amount Exceeding the 15% Threshold of Tier I Capital as per the Article 2, Clause 2 of the Regulation on Measurement and Assessment of Capital Adequacy Ratios of Banks (-) - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 41 Current Period Prior Period The Portion of Net Long Position of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital not deducted from Tier I Capital (-) - - Excess Amount arising from Mortgage Servicing Rights (-) - - Excess Amount arising from Deferred Tax Assets from Temporary Differences (-) - - Other items to be Defined by the BRSA (-) - - Deductions from Tier I Capital in cases where there are no adequate Additional Tier I or Tier II Capitals (- ) - - Total Deductions from Common Equity Tier I Capital 39,380,365 28,667,385 Total Common Equity Tier I Capital 404,495,792 327,125,355 ADDITIONAL TIER I CAPITAL Preferred Stock not Included in Common Equity Tier I Capital and the Related Share Premiums - - Debt Instruments and the Related Issuance Premiums Defined by the BRSA - - Debt Instruments and the Related Issuance Premiums Defined by the BRSA (Covered by Temporary Article 4) - - Shares of Third Parties in Additional Tier I Capital - - Shares of Third Parties in Additional Tier I Capital (Covered by Temporary Article 3) - - Additional Tier I Capital before Deductions - - Deductions from Additional Tier I Capital Direct and Indirect Investments of the Bank on its own Additional Tier I Capital (-) - - Investments in Equity Instruments Issued by Banks or Financial Institutions Invested in Bank’s Additional Tier I Capital and Having Conditions Stated in the Article 7 of the Regulation - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - The Total of Net Long Position of the Direct or Indirect Investments in Additional Tier I Capital of Unconsolidated Banks and Financial Institutions where the Bank Owns more than 10% of the Issued Share Capital (-) - - Other items to be defined by the BRSA (-) - - Items to be Deducted from Tier I Capital During the Transition Period Goodwill and Other Intangible Assets and Related Deferred Taxes not deducted from Tier I Capital as per the Temporary Article 2, Clause 1 of the Regulation on Measurement and Assessment of Capital Adequacy Ratios of Banks (-) - - Net Deferred Tax Asset/Liability not deducted from Tier I Capital as per the Temporary Article 2, Clause 1 of the Regulation on Measurement and Assessment of Capital Adequacy Ratios of Banks (-) - - Deduction from Additional Tier I Capital when there is not enough Tier II Capital (-) - - Total Deductions from Additional Tier I Capital - - Total Additional Tier I Capital - - Total Tier I Capital (Tier I Capital= Common Equity Tier I Capital + Additional Tier I Capital) 404,495,792 327,125,355 TIER II CAPITAL Debt Instruments and the Related Issuance Premiums Defined by the BRSA 80,173,400 53,074,453 Debt Instruments and the Related Issuance Premiums Defined by the BRSA (Covered by Temporary Article 4) - - Provisions (Amounts explained in the first paragraph of the Article 8 of the Regulation on Bank Capital) 30,838,365 22,182,516 Total Deductions from Tier II Capital 111,011,765 75,256,969 Deductions from Tier II Capital Direct and Indirect Investments of the Bank on its own Tier II Capital (-) - - Investments in equity instruments issued by Banks and Financial Institutions Invested in Bank’s Tier II Capital and having conditions stated in the Article 8 of the Regulation - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 42 Current Period Prior Period Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital (-) - - Other items to be defined by the BRSA (-) - - Total Deductions from Tier II Capital - - Total Tier II Capital 111,011,765 75,256,969 Total Equity (Total Tier I and Tier II Capital) 515,507,557 402,382,324 Total Tier I Capital and Tier II Capital (Total Equity) Loans Granted against the Articles 50 and 51 of the Banking Law (-) 784 686 Other items to be Defined by the BRSA (-) 2,397 8,093 Items to be Deducted from the Sum of Tier I and Tier II Capital (Capital) during the Transition Period The Portion of Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital not deducted from Tier I Capital, Additional Tier I Capital or Tier II Capital as per the Temporary Article 2, Clause 1 of the Regulation (-) - - The Portion of Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns more than 10% of the Issued Share Capital Exceeding the 10% Threshold of above Tier I Capital not deducted from Additional Tier I Capital or Tier II Capital as per the Temporary Article 2, Clause 1 of the Regulation (-) - - The Portion of Net Long Position of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or more of the Issued Share Capital, of the Net Deferred Tax Assets arising from Temporary Differences and of the Mortgage Servicing Rights not deducted from Tier I Capital as per the Temporary Article 2, Clause 2, Paragraph (1) and (2) and Temporary Article 2, Clause 1 of the Regulation (-) - - CAPITAL Total Capital (Total of Tier I Capital and Tier II Capital) 515,504,376 402,373,545 Total Risk Weighted Assets 2,875,207,520 2,035,471,894 CAPITAL ADEQUACY RATIOS Consolidated CET1 Capital Ratio (%) 14.07 16.07 Consolidated Tier I Capital Ratio (%) 14.07 16.07 Consolidated Capital Adequacy Ratio (%) 17.93 19.77 BUFFERS Total Additional CET1 Capital Requirement Ratio (a+b+c) 4.14 4.14 a) Capital Conservation Buffer Ratio (%) 2.50 2.50 b) Bank-specific Counter-Cyclical Capital Buffer Ratio (%) 0.14 0.14 c) Systemically Important Banks Buffer Ratio (%) 1.50 1.50 Additional CET1 Capital Over Total Risk Weighted Assets Ratio Calculated According to the Article 4 of Capital Conservation and Counter-Cyclical Capital Buffers Regulation (%) 8.07 10.07 Amounts Lower Than Excesses as per Deduction Rules Remaining Total of Net Long Positions of the Investments in Equity Items of Unconsolidated Banks and Financial Institutions where the Bank Owns 10% or less of the Issued Share Capital - - Remaining Total of Net Long Positions of the Investments in Tier I Capital of Unconsolidated Banks and Financial Institutions where the Bank Owns more than 10% or less of the Issued Share Capital - - Remaining Mortgage Servicing Rights - - Net Deferred Tax Assets arising from Temporary Differences 20,102,352 20,728,047
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 43 Current Period Prior Period Limits for Provisions Used in Tier II Capital Calculation General Loan Provisions for Exposures in Standard Approach (before limit of one hundred and twenty five per ten thousand) 39,502,300 41,087,646 General Loan Provisions for Exposures in Standard Approach Limited by 1.25% of Risk Weighted Assets 30,838,365 22,182,516 Total Loan Provision that Exceeds Total Expected Loss Calculated According to Communiqué on Calculation of Credit Risk by Internal Ratings Based Approach - - Total Loan Provision that Exceeds Total Expected Loss Calculated According to Communiqué on Calculation of Credit Risk by Internal Ratings Based Approach, Limited by 0.6% Risk Weighted Assets - - Debt Instruments Covered by Temporary Article 4 (effective between 1.1.2018-1.1.2022) Upper Limit for Additional Tier I Capital Items subject to Temporary Article 4 - - Amount of Additional Tier I Capital Items Subject to Temporary Article 4 that Exceeds Upper Limit - - Upper Limit for Additional Tier II Capital Items subject to Temporary Article 4 - - Amount of Additional Tier II Capital Items Subject to Temporary Article 4 that Exceeds Upper Limit - - (*) According to “Bank Capital Regulation” Article 10 paragraph 4, which published on Official Gazette dated 5 September 2013 and numbered 28756, banks also calculate their consolidated capital with their consolidated insurance company investments as unconsolidated financial institutions if 9th Article’s 4th paragraph’s (c) and (ç) items apply. Lesser of consolidated capital calculated according to 1st and 4th paragraphs is considered the consolidated capital according to this regulation. As the consolidated capital calculated including the insurance subsidiary is lesser, the consolidated capital is calculated according to consolidated fin ancial statements including the insurance subsidiary. Within the scope of the regu lation dated 1 9 December 2024 by the Banking Regulation and Supervision Agency, the amount subject to credit risk is calculated with the Central Bank foreign exchange buying rates as of 28 June 2024 and the net valuation differences of the securities in th e securities portfolio whose fair value difference is reflected in other comprehensive income are negative. In this case, these differences are not taken into account in the equity amount to be used for the capital adequacy ratio. As of 30 September 2025, the amount subject to credit risk in calculating the regulatory capital adequacy ratio was calculated by taking into account the regulation changes. If the regulation changes are not taken into account, the capital adequacy ratio is at 16.32% as of 30 September 2025. The Parent Bank plans its Common Equity Tier 1 (CET1) Capital by considering 10% as the minimum target.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 44 4.1.2 Items included in capital calculation Current Period Information about instruments included in total capital calculation Issuer T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. T. Garanti Bankası A.Ş. Identifier (CUSIP, ISIN vb.) Reg S: ISIN: XS1617531063 Common Code: 161753106 144A: CUSIP: 900148 AE7 ISIN: US900148AE73 Common Code: 161752479 Reg S: ISIN: XS2773062471 Common Code: 277306247 144A: CUSIP: 900148AF4 ISIN: US900148AF49 Common Code: 2773062471 Reg S: ISIN: XS2913414384 Common Code:291341438 144 A: CUSIP: 900148AG2 ISIN: US900148AG22 Common Code: 291696635 Reg S: ISIN: XS3106498051 Common Code: 310649805 144 A: CUSIP: 900148 AH0 ISIN: US900148AH05 Governing law (s) of the instrument Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to English Law and in terms of certain articles to Turkish Regulations. It is issued within the scope of the Communiqué VII-128.8 on Debt Instruments of the Capital Markets Board and the Regulation on Bank Capital of the BRSA. Subject to 10% deduction as of 1/1/2015 No No No No Eligible on unconsolidated and /or consolidated basis Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Eligible on unconsolidated and consolidated Instrument type Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Subordinated debt instruments (Notes) Amount recognized in regulatory capital (Currency in TL million, as of most recent reporting date) 5,115 (31 December 2024: 8,509) 20,771 (31 December 2024: 17,274) 31,155 (31 December 2024: 25,911) 20,771 Nominal value of instrument (TL million) 25,579 (31 December 2024: 25,911) 20,771 (31 December 2024: 17,274) 31,155 (31 December 2024: 25,911) 20,771 Accounting classification of the instrument 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans 34701 – Secondary Subordinated Loans Issuance date of instrument 23.05.2017 28.02.2024 03.12.2024 01.07.2025 Maturity structure of the instrument (demand/time) Time Time Time Time Original maturity of the instrument 24.05.2027 28.02.2034 03.01.2035 08.01.2036 Issuer call subject to prior supervisory (BRSA) approval No Yes Yes Yes Optional call date, contingent call dates and redemption amount - 28.02.2029-USD 500,000,000 03.01.2030-USD 750,000,000 08.01.2031-USD 500.000.000 Subsequent call dates, if applicable - - - - Fixed or floating coupon/dividend payments Fixed Fixed Fixed Fixed Coupon rate and any related index 7.1770% First five years 8.375%; second five years will be 5Y US Treasury rate + 409 Bps. First five years 8.125%; second five years Will be 5Y US Treasury rate + 383,6 Bps. First five years 8.250%; second five years Will be 5Y US Treasury rate + 432,5 Bps. Existence of any dividend payment restriction - - - - Fully discretionary, partially discretionary or mandatory - - - - Existence of step up or other incentive to redeem - - - - Noncumulative or cumulative - - - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 45 Convertible into equity shares - - - - If convertible, conversion trigger (s) - - - - If convertible, fully or partially - - - - If convertible, conversion rate - - - - If convertible, mandatory or optional conversion - - - - If convertible, type of instrument convertible into - - - - If convertible, issuer of instrument to be converted into - - - - Write-down feature Yes Yes Yes Yes If bonds can be written-down, write- down trigger(s) Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non-viable), or (iii) it is probable that the Issuer will become non- viable; then the bonds can be written-down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non-viable), or (iii) it is probable that the Issuer will become non- viable; then the bonds can be written-down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non-viable), or (iii) it is probable that the Issuer will become non- viable; then the bonds can be written-down. Due to the losses incurred, where the Bank is at the point at which the BRSA may determine pursuant to Article 71 of the Banking Law that: (i) its operating license is to be revoked and the Bank is liquidated or (ii) the rights of all of its shareholders (except to dividends), and the management and supervision of the Bank, are to be transferred to the SDIF on the condition that losses are deducted from the capital of existing shareholders (occurrence of either condition means the issuer has become non-viable), or (iii) it is probable that the Issuer will become non- viable; then the bonds can be written-down. If bond can be written- down, full or partial Partially or fully Partially or fully Partially or fully Partially or fully If bond can be written- down, permanent or temporary Continuously Continuously Continuously Continuously If temporary write- down, description of write-up mechanism There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. Position in subordination hierarchy in case of liquidation (instrument type immediately senior to the instrument) In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In compliance with article number 7 and 8 of Regulation on Bank Capital Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Details of incompliances with article number 7 and 8 of Regulation on Bank Capital Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 46 Current Period Information about instruments included in total capital calculation Issuer responsAbility SICAV (Lux) acting for its sub-funds responsAbility SICAV (Lux) Micro and SME Finance Leaders responsAbility SICAV (Lux) Financial Inclusion Fund MultiConcept Fund Management S.A. acting in its own name for responsAbility Global Micro and SME Finance Fund responsAbility SICAV (Lux) acting for its sub- funds responsAbility SICAV (Lux) Micro and SME Finance Leaders responsAbility SICAV (Lux) Financial Inclusion Fund responsAbility SICAV (Lux) Micro and SME Finance Debt Fund MultiConcept Fund Management S.A. acting in its own name for responsAbility Global Micro and SME Finance Fund Black Sea Trade and Development Bank European Bank for Reconstruction and Development Identifier (CUSIP, ISIN vb.) LEI:529900S7V25UG 37A2Q19 LEI:5299008N49S2T1 SWIP98 LEI:529900J0CQ7V92 71DC81 LEI: 5299008N49S2T1SWIP98 LEI: 529900S7V25UG37A2Q19 LEI: 529900IHHF9LIQY6AH65 LEI: 529900J0CQ7V92 71DC81 LEI: 529900J7FSFACAGZ5 042 LEI: 549300HTGDOVDU6OG K19 Governing law (s) of the instrument The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the Grand Duchy of Luxembourg, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the England and Wales, without giving effect to any conflicts of law provisions. The provisions of the Loan Agreement shall be governed by and construed in accordance with the laws of the England and Wales, without giving effect to any conflicts of law provisions. Regulatory treatment Subject to 10% deduction as of 1/1/2015 No No No No No No Eligible on unconsolidated and /or consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Eligible on consolidated basis Instrument type Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Subordinated debt instruments (Loan Agreement) Amount recognized in regulatory capital (Currency in TL million, as of most recent reporting date) 147 (31 December 2024: 105) 118 (31 December 2024: 84) 118 (31 December 2024: 84) 207 (31 December 2024: 147) 295 (31 December 2024: 210) 1,476 Nominal value of instrument (TL million) 244 (31 December 2024: 179) 195 (31 December 2024: 143) 195 (31 December 2024: 143) 342 (31 December 2024: 251) 488 (31 December 2024: 359) 2,441 Accounting classification of the instrument - - - - - - Issuance date of instrument 28.12.2022 28.12.2022 23.02.2023 23.02.2023 29.05.2024 30.04.2025 Maturity structure of the instrument (demand/time) Time Time Time Time Time Time Original maturity of the instrument 03.01.2029 03.01.2029 28.02.2029 28.02.2029 29.05.2031 16.08.2032 Issuer call subject to prior supervisory (BRSA) approval - - - - - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 47 Optional call date, contingent call dates and redemption amount - - - - - - Subsequent call dates, if applicable - - - - - - Interest/dividend payment Fixed or floating coupon/dividend payments Floating Floating Floating Floating Floating rate Floating rate Coupon rate and any related index EURIBOR 6M + 5% EURIBOR 6M + 5% EURIBOR 6M + 5% EURIBOR 6M + 5% EURIBOR 6M + 4.95% EURIBOR 6M + 4.75% Existence of any dividend payment restriction - - - - - - Fully discretionary, partially discretionary or mandatory - - - - - - Existence of step up or other incentive to redeem - - - - - - Noncumulative or cumulative - - - - - - Convertible into equity shares - - - - - - If convertible, conversion trigger (s) - - - - - - If convertible, fully or partially - - - - - - If convertible, conversion rate - - - - - - If convertible, mandatory or optional conversion - - - - - - If convertible, type of instrument convertible into - - - - - - If convertible, issuer of instrument to be converted into - - - - - - Write-down feature - - - - - - If bonds can be written-down, write-down trigger(s) - - - - - - If bond can be written-down, full or partial - - - - - - If bond can be written-down, permanent or temporary Permanent Permanent Permanent Permanent Permanent Permanent If temporary write-down, description of write-up mechanism There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms. There are no any temporary write-up mechanisms.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 48 Position in subordination hierarchy in case of liquidation (instrument type immediately senior to the instrument) In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In priority of receivables, it comes after the senior obligations of the Issuer. In compliance with article number 7 and 8 of Regulation on Bank Capital Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Instrument is in compliant with Article 8 of the Regulation on Bank Capital. Details of incompliances with article number 7 and 8 of Regulation on Bank Capital Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital. Instrument is not in compliant with Article 7 of the Regulation on Bank Capital.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 49 4.1.3 Reconciliation of capital items to balance sheet Current Period Carrying value Amount of correction Value of the capital report Explanation of differences Paid-in Capital 4,200,000 772,554 4,972,554 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Capital Reserves 784,434 (772,554) 11,880 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Other Capital Reserves 772,554 (772,554) - Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Bonus Shares of Associates, Subsidiaries and Joint-Ventures - - - Share Premium 11,880 - 11,880 Other Comprehensive Income/Expenses in Shareholders’ Equity as per Turkish Account Standards 60,700,365 989,188 61,689,553 Items not included in the calculation as per Regulation’s Article 9-1-f and Gain on sale of associate/subsidiaries’ shares and real estate classified as different in the value of the capital report Other Comprehensive Income/Expense Items not to be Recycled to Profit/Loss 29,051,588 - 29,051,588 Other Comprehensive Income/Expense Items to be Recycled to Profit/Loss 31,648,777 989,188 32,637,965 Items not included in the calculation as per Regulation’s Article 9-1-f Profit Reserves 260,999,489 - 260,999,489 Profit or Loss 83,543,156 - 83,543,156 Prior Periods’ Profit/Loss 124,916 - 124,916 Current Period Net Profit/Loss 83,418,240 - 83,418,240 Minority Interest 2,165,748 (1,383,032) 782,716 Items are calculated as per Regulation’s Article 12 Deductions from Common Equity Tier I Capital (-) - 7,503,556 Deductions from Common Equity Tier 1 Capital as per the Regulation Common Equity Tier I Capital 412,393,192 404,495,792 Subordinated Debts - Deductions from Tier I Capital (-) - Deductions from Tier 1 Capital as per the Regulation Tier I Capital 404,495,792 Subordinated Debts 80,173,400 12 Month ECL (Stage 1) and Lifetime ECL Significant Increase in Credit Risk (Stage 2) 30,838,365 Stage 1 and Stage 2 expected credit losses added to Tier II Capital as per the Regulation’s Article 8 Deductions from Tier II Capital (-) - Deductions from Tier II Capital as per the Regulation Tier II Capital 111,011,765 Deductions from Total Capital (-) 3,181 Deductions from Capital as per the Regulation Total 515,504,376 Within the scope of the measures announced by the BRSA on 21 December 2021 , in the case of net valuation differences of the securities classified under “Financial Assets Measured at Fair Value through Other Comprehensive Income” are negative, these differences are not taken into consideration in capital calculation for capital adequacy ratio.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 50 Prior Period Carrying value Amount of correction Value of the capital report Explanation of differences Paid-in Capital 4,200,000 772,554 4,972,554 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Capital Reserves 784,434 (772,554) 11,880 Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Other Capital Reserves 772,554 (772,554) - Inflation adjustments included in Paid-in Capital according to Regulation’s Temporary Article 1 Bonus Shares of Associates, Subsidiaries and Joint-Ventures - - - Share Premium 11,880 - 11,880 Other Comprehensive Income/Expenses in Shareholders’ Equity as per Turkish Account Standards 45,591,011 1,400,555 46,991,566 Items not included in the calculation as per Regulation’s Article 9-1-f and Gain on sale of associate/subsidiaries’ shares and real estate classified as different in the value of the capital report Other Comprehensive Income/Expense Items not to be Recycled to Profit/Loss 24,983,291 - 24,983,291 Other Comprehensive Income/Expense Items to be Recycled to Profit/Loss 20,607,720 1,400,555 22,008,275 Items not included in the calculation as per Regulation’s Article 9-1-f Profit Reserves 187,933,574 - 187,933,574 Profit or Loss 91,279,430 - 91,279,430 Prior Periods’ Profit/Loss 36,294 - 36,294 Current Period Net Profit/Loss 91,243,136 - 91,243,136 Minority Interest 1,620,169 (1,157,647) 462,522 Items are calculated as per Regulation’s Article 12 Deductions from Common Equity Tier I Capital (-) - 4,526,171 Deductions from Common Equity Tier 1 Capital as per the Regulation Common Equity Tier I Capital 331,408,618 327,125,355 Subordinated Debts - Deductions from Tier I Capital (-) - Deductions from Tier 1 Capital as per the Regulation Tier I Capital 327,125,355 Subordinated Debts 53,074,453 12 Month ECL (Stage 1) and Lifetime ECL Significant Increase in Credit Risk (Stage 2) 22,182,516 Stage 1 and Stage 2 expected credit losses added to Tier II Capital as per the Regulation’s Article 8 Deductions from Tier II Capital (-) - Deductions from Tier II Capital as per the Regulation Tier II Capital 75,256,969 Deductions from Total Capital (-) 8,779 Deductions from Capital as per the Regulation Total 402,373,545
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 51 4.2 Consolidated credit risk Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 4.3 Consolidated currency risk Foreign currency open position limit is set in compliance with the legal standard ratio of net foreign currency position. As of 30 September 2025, the Bank and its financial subsidiaries’ net ‘on balance sheet’ foreign currency short position amounts to TL 122,840,715 (31 December 2024: TL 16,953,617 short position), net ‘off-balance sheet’ foreign currency long position amounts to TL 157,542,539 (31 December 202 4: TL 44,913,219 long position), while net foreign currency long position amounts to TL 34,701,824 (31 December 2024: TL 27,959,602 long position). The foreign currency position risk is measured by “standard method” and “value -at-risk (VaR) model”. Measurements by standard method are carried out monthly, whereas measurements by VaR are done daily for the Bank. The foreign currency exchange risk is managed through transaction, dealer, desk and stop-loss limits approved by the Board of Directors for the trading por tfolio beside the foreign currency net position standard ratio and the VaR limit. The parent Bank’s valuation rates at the date of balance sheet and for the last five working days of the period announced by the Bank in TL are as follows: Current Period Prior Period EURO USD EURO USD The Parent Bank’s foreign currency purchase rate at balance sheet date 48.8100 41.5410 35.8470 34.5480 Exchange rates for the working days before balance sheet date; Working day 1 48.7260 41.5390 35.9710 34.5700 Working day 2 48.4670 41.4500 35.8370 34.3720 Working day 3 48.3880 41.4390 35.7480 34.3740 Working day 4 48.6380 41.4210 35.9420 34.5180 Working day 5 48.7960 41.3670 35.8390 34.4490 Current Period Prior Period EURO USD EURO USD Last 30-days arithmetical average rate 48.4303 41.2723 35.8166 34.1998
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 52 The Bank’s consolidated currency risk EUR USD Other FCs Total Current Period Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye 69,213,690 100,166,622 93,735,757 263,116,069 Banks 249,965,493 36,002,915 23,796,403 309,764,811 Financial Assets Measured at Fair Value through Profit/Loss 213,906 7,118,457 - 7,332,363 Money Market Placements 13,821,795 9,833,888 - 23,655,683 Financial Assets Measured at Fair Value through Other Comprehensive Income 56,715,549 44,061,357 1,315,108 102,092,014 Loans (*) 543,201,587 333,025,252 93,253,953 969,480,792 Investments in Associates, Subsidiaries and Joint-Ventures 32,625 - 500,997 533,622 Financial Assets Measured at Amortised Cost 7,812,487 69,337,187 38,812,437 115,962,111 Derivative Financial Assets Held for Hedging Purpose 130,161 1,256,663 33,774 1,420,598 Tangible Assets 1,493,537 1,810 985,015 2,480,362 Intangible Assets 525,391 - 645,950 1,171,341 Other Assets (**) (9,141,199) 3,180,425 (1,192,358) (7,153,132) Total Assets 933,985,022 603,984,576 251,887,036 1,789,856,634 Liabilities Bank Deposits 1,875,301 1,625,729 791,429 4,292,459 Foreign Currency Deposits 529,065,498 531,341,902 137,603,801 1,198,011,201 Money Market Funds - 57,565,748 298 57,566,046 Other Fundings 54,353,895 42,942,192 1,222,271 98,518,358 Securities Issued (***) 29,730,358 249,949,436 7,520,906 287,200,700 Miscellaneous Payables 7,380,897 13,393,038 1,426,602 22,200,537 Derivative Financial Liabilities Held for Hedging Purpose Management 80,159 79,817 47,668 207,644 Other Liabilities (****) 8,694,913 9,272,216 226,733,275 244,700,404 Total Liabilities 631,181,021 906,170,078 375,346,250 1,912,697,349 Net ‘On Balance Sheet’ Position 302,804,001 (302,185,502) (123,459,214) (122,840,715) Net ‘Off-Balance Sheet’ Position (275,616,538) 288,942,417 144,216,660 157,542,539 Derivative Assets 74,997,064 510,740,202 178,676,979 764,414,245 Derivative Liabilities 350,613,602 221,797,785 34,460,319 606,871,706 Non-Cash Loans - - - - Prior Period Total Assets 570,429,820 447,871,119 144,230,531 1,162,531,470 Total Liabilities 405,012,354 561,020,023 213,452,710 1,179,485,087 Net ‘On Balance Sheet’ Position 165,417,466 (113,148,904) (69,222,179) (16,953,617) Net ‘Off-Balance Sheet’ Position (151,454,121) 112,940,395 83,426,945 44,913,219 Derivative Assets 30,531,708 243,402,507 111,946,123 385,880,338 Derivative Liabilities 181,985,829 130,462,112 28,519,178 340,967,119 Non-Cash Loans - - - - (*) The foreign currency -indexed loans amounting TL 83,073 (31 December 202 4: TL 231,873) included under TL loans in the accompanying consolidated financial statements are presented above under the related foreign currency code. (**) Includes expected credit losses in accordance with TFRS 9. (***) Includes securities issued as subordinated loan presented under subordinated debts and financial liabilities measured at FVTPL in the balance sheet (****) Other liabilities include gold deposits of TL 224,547,901 (31 December 2024: TL 113,914,539).
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 53 4.4 Consolidated interest rate risk The interest rate risk resulting from balance sheet maturity mismatch presents the possible losses that may arise due to the changes in interest rates of interest sensitive assets and liabilities in the on- and off-balance sheet. Interest sensitivity of assets, liabilities and off -balance sheet items is evaluated during the Weekly Assessment Committee and Assets -Liabilities Committee meetings taking into consideration the developments in market conditions. The Bank’s interest rate risk is measured by using, economic value, economic capital, net interest income, income at risk, market price sensitivity of marketable securities portfolio, duration -gap and sensitivity analysis. The results are supported by the sensitivity and scenario analysis performed periodically against the possible instabilities in the markets. Furthermore, the interest rate risk is monitored according to the limits approved by the Board of Directors. 4.4.1 Interest rate sensitivity of assets, liabilities and off balance sheet items (based on repricing dates) Current Period Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Non-Interest Bearing (*) Total Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye 236,713,360 - - - - 336,146,487 572,859,847 Banks 258,103,999 2,210,148 615,871 137,830 - 64,606,013 325,673,861 Financial Assets Measured at Fair Value through Profit/Loss 471,718 100,273 4,662,192 1,834,039 1,417,610 5,840,393 14,326,225 Money Market Placements 27,743,480 7,398,661 - - - 107,186 35,249,327 Financial Assets Measured at Fair Value through Other Comprehensive Income 20,715,391 10,873,425 40,062,040 55,488,326 39,755,552 36,890,128 203,784,862 Loans 1,002,804,558 277,136,586 613,695,485 425,414,510 176,547,402 70,238,412 2,565,836,953 Financial Assets Measured at Amortised Cost 32,875,051 3,205,685 37,618,495 116,325,673 60,472,097 62,469,009 312,966,010 Other Assets (**) 91,217 762,732 281,327 249,700 1,430 174,997,213 176,383,619 Total Assets 1,579,518,774 301,687,510 696,935,410 599,450,078 278,194,091 751,294,841 4,207,080,704 Liabilities Bank Deposits 3,020,942 - - - - 5,256,046 8,276,988 Other Deposits 1,327,402,130 336,770,207 200,768,982 21,595,546 1,326,656 1,019,963,219 2,907,826,740 Money Market Funds 97,279,366 23,075,163 8,987,465 3,185,483 - 1,414,175 133,941,652 Miscellaneous Payables 496,999 187,479 4,686 - - 181,733,386 182,422,550 Securities Issued (***) 70,828,746 1,709,206 108,026,640 28,506,551 72,697,466 5,917,198 287,685,807 Other Fundings 54,813,362 16,587,857 15,395,682 27,776,732 5,105,111 417,156 120,095,900 Other Liabilities 165,189 389,070 1,089,532 2,962,628 374,098 561,850,550 566,831,067 Total Liabilities 1,554,006,734 378,718,982 334,272,987 84,026,940 79,503,331 1,776,551,730 4,207,080,704 On Balance Sheet Long Position 25,512,040 - 362,662,423 515,423,138 198,690,760 - 1,102,288,361 On Balance Sheet Short Position - (77,031,472) - - - (1,025,256,889) (1,102,288,361) Off-Balance Sheet Long Position 87,272,218 152,790,986 109,193,367 152,103,751 26,943,010 - 528,303,332 Off-Balance Sheet Short Position (77,553,975) (142,200,235) (160,720,462) (120,345,240) (30,073,171) - (530,893,083) Total Position 35,230,283 (66,440,721) 311,135,328 547,181,649 195,560,599 (1,025,256,889) (2,589,751) (*)Interest accruals are included in non-interest bearing column. (**)Includes expected credit losses in accordance with TFRS 9. (***)Includes securities issued having qualification of subordinated loan presented under subordinated debts and financial liabilities measured at FVTPL in the balance sheet.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 54 Prior Period Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Non-Interest Bearing (*) Total Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye 174,310,665 - - - - 189,149,954 363,460,619 Banks 200,188,697 338,164 765,995 81,865 - 37,991,301 239,366,022 Financial Assets at Fair Value through Profit/Loss 259,525 2,299,348 1,733,356 5,787,461 949,522 1,097,631 12,126,843 Money Market Placements 20,294,285 - - - - 47,150 20,341,435 Financial Assets Measured at Fair Value through Other Comprehensive Income 16,056,354 5,524,290 25,962,062 27,474,717 24,698,735 39,372,687 139,088,845 Loans 762,531,852 182,339,951 455,424,109 272,989,797 109,075,319 43,600,704 1,825,961,732 Financial Assets Measured at Amortised Cost 29,423,293 10,987,064 16,789,168 103,813,391 52,317,413 56,742,116 270,072,445 Other Assets (**) 76,138 648,738 350,039 204,197 - 130,882,326 132,161,438 Total Assets 1,203,140,809 202,137,555 501,024,729 410,351,428 187,040,989 498,883,869 3,002,579,379 Liabilities Bank Deposits 55,293,672 - 43,087 - - 2,655,369 57,992,128 Other Deposits 892,975,401 263,393,740 144,743,242 13,847,086 1,111,221 780,284,824 2,096,355,514 Money Market Funds 41,503,145 1,897,652 2,401,786 - - 1,080,249 46,882,832 Miscellaneous Payables 1,123,230 79,509 57,075 - - 131,082,955 132,342,769 Securities Issued (***) 62,010,673 9,533,158 11,461,299 40,656,606 25,911,719 1,765,682 151,339,137 Other Fundings 24,668,657 7,212,679 24,819,051 10,485,790 1,858,334 136,328 69,180,839 Other Liabilities 75,896 181,840 478,448 1,396,701 223,186 446,130,089 448,486,160 Total Liabilities 1,077,650,674 282,298,578 184,003,988 66,386,183 29,104,460 1,363,135,496 3,002,579,379 On Balance Sheet Long Position 125,490,135 - 317,020,741 343,965,245 157,936,529 - 944,412,650 On Balance Sheet Short Position - (80,161,023) - - - (864,251,627) (944,412,650) Off-Balance Sheet Long Position 56,988,032 87,132,177 105,594,856 64,747,836 38,161,953 - 352,624,854 Off-Balance Sheet Short Position (44,692,447) (97,634,360) (108,098,149) (70,847,152) (33,951,274) - (355,223,382) Total Position 137,785,720 (90,663,206) 314,517,448 337,865,929 162,147,208 (864,251,627) (2,598,528) (*)Interest accruals are included in non-interest bearing column. (**)Includes expected credit losses in accordance with TFRS 9. (***)Includes securities issued having qualification of subordinated loan presented under subordinated debts and financial liabilities measured at FVTPL in the balance sheet
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 55 4.4.2 Average interest rates on monetary financial instruments (%) Current Period EUR USD TL Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye - - 32.40 Banks 1.80-2.01 2.02-4.09 38.50-49.56 Financial Assets at Fair Value through Profit/Loss 3.78 6.15-6.36 40.62 Money Market Placements 1.86-1.92 3.91 40.07-41.80 Financial Assets Measured at Fair Value through Other Comprehensive Income 2.13-6.25 0.50-12.06 12.60-49.67 Loans (*) 0.89-22.46 3.55-22.63 26.54-76.51 Financial Assets Measured at Amortised Cost 0.50-4.37 6.76 21.58 Liabilities Bank Deposits 1.82-2.20 5.31 43.85 Other Deposits 0.10-3.75 0.45-4.90 6.25-40.00 Money Market Fundings - 4.26 31.20-60.80 Miscellaneous Payables - - - Securities Issued 3.12 6.90 52.54-55.06 Other Fundings 0.94-9.95 1.66-8.58 39.90-51.12 Prior Period EUR USD TL Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye - - 37.99 Banks 2.91-3.00 2.28 43.50-58.32 Financial Assets at Fair Value through Profit/Loss 4.25 5.84-6.67 34.00-40.96 Money Market Placements - 4.17 48.73 Financial Assets Measured at Fair Value through Other Comprehensive Income 2.13-6.25 0.50-12.06 12.60-100.10 Loans (*) 1.08-25.46 3.17-26.61 41.44-89.64 Financial Assets Measured at Amortised Cost 4.00 6.67 26.33 Liabilities Bank Deposits 2.75-3.04 4.63 62.76 Other Deposits 0.10-5.40 0.18-5.45 6.00-46.00 Money Market Fundings 1.75 3.62 19.27-52.50 Miscellaneous Payables - - - Securities Issued 2.76 7.08 62.47 Other Fundings 0.94-10.21 1.66-8.40 39.52-52.50 (*) Lease receivables and factoring receivables are included.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 56 4.5 Consolidated position risk of equity securities 4.5.1 Equity shares in associates and subsidiaries Accounting policies for equity shares in associates and subsidiaries are disclosed in Note 3.3. 4.5.2 Comparison of carrying, fair and market values of equity shares Current Period Comparison Equity Securities (shares) Carrying Value Fair Value Market Value 1 Investment in Shares- Grade A 16,210,293 - 584,858 Quoted Securities - - 584,858 2 Investment in Shares- Grade B 25,557 - - Quoted Securities - - - 3 Investment in Shares- Grade C 822 - - Quoted Securities - - - 4 Investment in Shares- Grade D - - - Quoted Securities - - - 5 Investment in Shares- Grade E 3,489 - - Quoted Securities - - - 6 Investment in Shares- Grade F 165 - - Quoted Securities - - - Prior Period Comparison Equity Securities (shares) Carrying Value Fair Value Market Value 1 Investment in Shares- Grade A 8,984,627 - 487,901 Quoted Securities - - 487,901 2 Investment in Shares- Grade B 25,557 - - Quoted Securities - - - 3 Investment in Shares- Grade C 822 - - Quoted Securities - - - 4 Investment in Shares- Grade D - - - Quoted Securities - - - 5 Investment in Shares- Grade E 1,014 - - Quoted Securities - - - 6 Investment in Shares- Grade F 48 - - Quoted Securities - - - 4.5.3 Realised gains/losses, revaluation surpluses and unrealised gains/losses on equity securities and results included in core and supplementary capitals Current Period Gains/Losses in Current Period Revaluation Surpluses Unrealized Gains and Losses Portfolio Total Amount in Tier I Capital Total Amount in Core Capital Amount in Tier I Capital 1 Private Equity Investments - - - - - - 2 Quoted Shares - - - 159,512 - 159,512 3 Other Shares - 1,415,052 1,415,052 - - - Total - 1,415,052 1,415,052 159,512 - 159,512
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 57 Prior Period Gains/Losses in Current Period Revaluation Surpluses Unrealized Gains and Losses Portfolio Total Amount in Tier I Capital Total Amount in Core Capital Amount in Tier I Capital 1 Private Equity Investments - - - - - - 2 Quoted Shares - - - 225,853 - 225,853 3 Other Shares - 955,148 955,148 - - Total - 955,148 955,148 225,853 - 225,853 4.5.4 Capital requirement as per equity shares Current Period Portfolio Carrying Value RWA Total Minimum Capital Requirement 1 Private Equity Investments - - - 2 Quoted Shares - - - 3 Other Shares 21,012,903 34,004,531 2,720,362 Total 21,012,903 34,004,531 2,720,362 Prior Period Portfolio Carrying Value RWA Total Minimum Capital Requirement 1 Private Equity Investments - - - 2 Quoted Shares - - - 3 Other Shares 12,722,452 18,814,793 1,505,183 Total 12,722,452 18,814,793 1,505,183 4.6 Liquidity risk management, consolidated liquidity coverage ratio and consolidated net stable funding ratio Liquidity risk is managed by Asset and Liability Management Department (ALMD), Weekly Review Committee and Asset and Liability Committee (ALCO) in line with liquidity and funding policies and risk appetite approved by the Board of Directors in order to take the necessary measures in a timely and correct manner against possib le liquidity shortages that may result from market conditions and balance sheet structure. Under stressed conditions, liquidity risk is managed within the contingency funding plan framework. The Board of Directors reviews the liquidity risk management policy and approves the liquidity and funding risk management policy, ensures the effective of practice of policies and integrations with the Parent Bank’s risk management system. The Board of Directors determines the basic metrics in liquidity risk measurement and monitoring. The Board of Directors establishes risk appetite of the Parent Bank in liquidity risk management and identifies the risk limits in accordance with the risk appetite and reviews it regularly. ALCO takes necessary decisions which will be e xecuted by related departments by assessing the liquidity risk that the Parent Bank is exposed to and considering the Bank’s strategy and conditions of competition and pursues the implementations. ALMD, performs daily liquidity management by ensuring compliance with regulatory and internal liquidity limits and monitoring related early warning indicators in case of probable liquidity squeezes. The medium and long term liquidity and funding management is performed by ALMD in accordance with ALCO decisions.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 58 Head of Risk management defines the Parent Bank’s liquidity risk, measures and monitors the risks with liquidity risk measurement methods that are in compliance with international standards, presents measurement results periodically to related departments, committees and senior management. Head of Risk management coordinates related parties in order to ensure compliance of risk management process in accordance with the Parent Bank’s risk profile, operation environment and strategic plan with regulations. Head of Risk management analyses, develops and revises relevant liquidity risk measurement in accordance with changing market conditions and the Parent Bank’s structure. Head of Risk Management department reviews assumptions and parameters used in liquidity risk analysis. The liquidity risk analysis and the important liquidity indicators are reported regularly to related senior management. Additionally, analysis and monitored internal ratios related to liquidity risk are presented in ALCO report. Internal liquidity metrics are monitored with limit and alert levels approved by the Board of Directors/ the Board of Directors Risk Committee and reported regularly to related parties. Decentralized management approach is adopted in the Parent Bank’s liquidity management. Each subsidiary controlled by the Parent Bank performs daily, medium and long term liquidity management independently from the Bank by the authorities in each subsidiary responsible for managing liquidity risk. In addition, within the scope of cons olidated risk management, liquidity and funding risk of each subsidiary in control are monitored via the liquidity risk management methods identified by the Parent Bank by considering the operations, risk profile and regulations of the related subsidiary. The Parent Bank's funding management is carried out in compliance with the ALCO decisions. Funding and placement strategies are developed by assessing liquidity of the Bank. In liquidity risk management actions that will be taken and procedures are determined by considering normal economic conditions and stress conditions. Diversification of assets and liabilities is assured so as to be able to continuously meet the obligations, also taking into account the relevant currencies. Funding sources are monitore d actively during identification of concentration risk related to funding. The Parent Bank's funding base of customer deposits, interbank and other borrowing transactions are diversified in order to prevent the concentration of a particular funding source. Factors that could trigger the sudden and significant run off in funds or impair the accessibility of the funding sources are analyzed. Additionally, in order to have a healthy liquidity buffer, most of the securities which are eligible as collateral at CBRT issued by Republic of Türkiye Ministry of Treasury and Finance have active secondary market are comprised in the Bank’s assets. In the context of TL and foreign currencies liquidity management, the Parent Bank monitors the cash flows regarding assets and liabilities and forecasts the required liquidity in future periods. In cash flow analysis, stress is applied to items that affect the liquidity by volume and rate of change from a liquidity management point of view. Liquidity risk exposed by the Parent Bank is managed by establishing risk appetite, risk mitigation according to the liquidity and funding policies (diversification of funding sources, holding high quality liquid assets reserve) and effective control environment and closely monitoring by li mits. For those risks that cannot be reduced, the adoption of the current level of risk, reduction or termination of the activities that cause the risk is considered. In liquidity risk stress testing framework, the level of the Parent Bank’s ability to cov er cash outflows in liquidity crisis scenario based on the Bank’s current cash flow structure, by high quality liquid assets is calculated. Scenario analysis are performed by assessing changing balance sheet structure, liquidity requirements and market conditions. The results of liquidity risk stress testing are taken into consideration in the assessment of liquidity adequacy and identification of policy regarding liquidity risk and contingency funding plan is prepared within this framework.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 59 There exists “Liquidity Contingency Plan” in the Bank approved by the Board of Directors, including mechanisms to prevent increase in liquidity risk scenarios for different conditions and levels. Available liquidity sources are determined by considering th e liquidity squeezes. Within the framework of this plan, the Bank monitors liquidity risk in terms of early warning indicators and probable scenarios where liquidity risk crisis and possible actions that can be taken. Moreover, Liquidity Contingency Plan for each subsidiaries has been documented and approved by their Board of Directors. In the scope of contingency plan within the framework of intraday liquidity risk management in liquidity and funding risk procedure, situations requiring the activation of c ontingency plan and indicating an intraday liquidity stress, and intraday liquidity metrics are monitored and intraday liquidity risk stress testing is performed. Furthermore, “Liquidity Contingency Plan” which is approved by the Board of Directors, is prepared independently in each subsidiary controlled by the Bank. The Parent Bank’s liabilities consist of TL and foreign currency funding, of which a large portion is USD/EUR and Gold. Deposits and capital constitute most of TL funding. Retail customers cannot use foreign currency loans but are able to purchase FX for foreign currency deposits, leading to imbalances in deposit and loan volumes in the TL and FC balance sheet . Long term funding obtained from foreign banks and creditors are mainly in foreign cu rrency. For these reasons overall foreign currency liabilities are usually more than foreign currency assets and unused portion of USD, EURO and gold are used in TL funding via currency swap transactions. Swap transactions which is made for TL funding are made with CBRT, however swap transactions with foreign banks are being made in legal swap limits. Repo lines by open market operations and Borsa Istanbul (“OMO / BİST”) are not utilized, unused limits and high quality liquid asset stock is held is kept to use in the case of a liquidity scarcity in market. Also Eurobonds of Republic of Türkiye aren’t used to secure funding and kept as reserve to use in the case of a foreign currency liquidity scarcity in market. In TL and foreign currency liquidity managemen t, regulatory ratios, internally set warnings, limits and other liquidity and funding metrics are monitored. The Parent Bank turns to permanent consumer deposits to increase of weights Consumer/SME deposits in TL deposits which significantly contributes t o liquidity metrics such as the internal stress test in the third quarter of 2025. The Parent Bank keeps a strong liquidity buffer due to possible liquidity risks. Excess liquidity is utilized as overnight reverse repurchase transactions in BİST, in which, the collateral received by the bank is HQLA securities issued by Republic of Türkiye Ministry of Treasury and Finance. 4.6.1 Liquidity coverage ratio Liquidity Coverage Ratio (LCR), aims for the banks having the ability to cover 30 days of liquidity needs with their own cash and high quality liquid assets that are easy to convert to cash during liquidity shortages in the markets. With that perspective a nd according to “Regulation for Banks’ Liquidity Coverage Ratio Calculations” (the Regulation) terms LCR ratio is calculated by having high quality liquid assets divided by net cash outflows. In both bank -only and consolidated basis, LCR ratio should be at least 80% for foreign currency and 100% for total. Items in balance sheet and off balance sheet items are taken into account after being multiplied by the coefficients advised in the Regulation. In both bank -only and consolidated LCR calculations cash in flows are limited by 75% of cash outflows and cash inflows from high quality liquid assets aren’t included. High quality liquid assets consist of cash, deposits in central banks and securities considered as high quality liquid assets. Reserve deposits are included in high quality liquid assets, limited by the amount that is allowed by central bank to use in liquidity shortages. High quality liquid assets are composed of 2.76% cash, 66.86% deposits in central banks and 30.38% securities considered as high quality liquid assets. The Parent Bank’s main funding sources are deposits, funds borrowed, money market borrowings and securities issued. Consolidated funding source composition as of report date is 77.04% deposits, 6.01% funds borrowed and money market borrowings, 7.66% securities issued and 9.29% other liabilities. In consolidated LCR calculations, cash outflows are mainly consisting of deposits, secured and unsecured borrowings, securities issued and off balance sheet items. The cash flows from derivative financial instruments are included in consolidated LCR calculations according to the Regulation’s terms. The Bank also considers changes in fair value of the liabilities that result in margin calls when calculating cash outflows.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 60 Current Period Total Unweighted Value (*) Total Weighted Value (*) TL+FC FC TL+FC FC High-Quality Liquid Assets 976,276,579 524,507,480 1 Total high-quality liquid assets (HQLA) 978,540,584 526,478,718 976,276,579 524,507,480 Cash Outflows 2 Retail deposits and deposits from small business customers, of which: 1,763,022,173 755,901,393 156,651,683 74,834,202 3 Stable deposits 393,016,561 15,214,456 19,650,828 760,723 4 Less stable deposits 1,370,005,612 740,686,937 137,000,855 74,073,479 5 Unsecured wholesale funding, of which: 1,006,237,286 539,699,601 574,008,387 302,665,243 6 Operational deposits - - - - 7 Non-operational deposits 812,343,251 464,459,850 436,224,684 235,188,673 8 Unsecured funding 193,894,035 75,239,751 137,783,703 67,476,570 9 Secured wholesale funding 28,344,470 20,602,971 26,276,200 20,486,705 10 Other cash outflows of which: 2,706,502,630 304,094,188 215,174,832 76,836,096 11 Outflows related to derivative exposures and other collateral requirements 13,880,179 33,186,521 13,880,179 33,186,521 12 Outflows related to restructured financial Instruments - - - - 13 Payment commitments and other off-balance sheet commitments granted for debts to financial markets 2,692,622,451 270,907,667 201,294,653 43,649,575 14 Other revocable off-balance sheet commitments and contractual obligations 38,026,958 35,515,310 1,901,348 1,775,765 15 Other irrevocable or conditionally revocable off-balance sheet obligations 87,149,505 85,509,094 4,357,475 4,275,455 16 Total Cash Outflows 5,629,283,022 1,741,322,557 978,369,925 480,873,466 Cash Inflows 17 Secured receivables 108,909 - - - 18 Unsecured receivables 425,006,198 170,454,906 276,573,386 118,293,740 19 Other cash inflows 14,537,080 67,939,935 13,852,786 67,882,755 20 Total Cash Inflows 439,652,187 238,394,841 290,426,172 186,176,495 21 Total HQLA 976,276,579 524,507,480 22 Total Net Cash Outflows 687,943,753 294,696,971 23 Liquidity Coverage Ratio (%) 142.22% 178.81% (*) The average of last three months’ simple averages of daily figures. The table below presents highest, lowest and average liquidity coverage ratios of the third quarter of 2025: Current Period Highest Date Lowest Date Average TL+FC 155.07% 15.08.2025 130.15% 11.09.2025 142.22% FC 209.10% 02.09.2025 155.11% 21.07.2025 178.81%
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 61 Prior Period Total Unweighted Value (*) Total Weighted Value (*) TL+FC FC TL+FC FC High-Quality Liquid Assets 717,304,698 415,652,755 1 Total high-quality liquid assets (HQLA) 717,699,584 415,764,703 717,304,698 415,652,755 Cash Outflows 2 Retail deposits and deposits from small business customers, of which: 1,336,877,073 544,231,192 120,485,597 53,853,736 3 Stable deposits 264,042,190 11,387,672 13,202,109 569,384 4 Less stable deposits 1,072,834,883 532,843,520 107,283,488 53,284,352 5 Unsecured wholesale funding, of which: 679,957,684 378,250,539 381,459,771 216,061,780 6 Operational deposits - - - - 7 Non-operational deposits 559,448,736 304,904,952 295,721,696 147,537,438 8 Unsecured funding 120,508,948 73,345,587 85,738,075 68,524,342 9 Secured wholesale funding 2,297,061 87,477 2,233,432 87,469 10 Other cash outflows of which: 1,851,877,844 224,651,601 150,257,322 62,321,723 11 Outflows related to derivative exposures and other collateral requirements 13,051,158 33,059,718 13,051,158 33,059,718 12 Outflows related to restructured financial Instruments - - - - 13 Payment commitments and other off-balance sheet commitments granted for debts to financial markets 1,838,826,686 191,591,883 137,206,164 29,262,005 14 Other revocable off-balance sheet commitments and contractual obligations 22,314,823 20,025,525 1,115,741 1,001,276 15 Other irrevocable or conditionally revocable off-balance sheet obligations 59,924,745 57,270,975 2,996,240 2,863,549 16 Total Cash Outflows 3,953,249,230 1,224,517,309 658,548,103 336,189,533 Cash Inflows 17 Secured receivables 70,667 - - - 18 Unsecured receivables 324,596,815 114,984,707 212,453,365 82,031,396 19 Other cash inflows 10,563,417 37,977,653 10,146,487 37,893,858 20 Total Cash Inflows 335,230,899 152,962,360 222,599,852 119,925,254 Upper Limit Applied Values 21 Total HQLA 717,304,698 415,652,755 22 Total Net Cash Outflows 435,948,251 216,264,279 23 Liquidity Coverage Ratio (%) 166.11% 196.64% (*) The average of last three months’ simple averages of daily figures. The table below presents highest, lowest and average liquidity coverage ratios of the last quarter of 2024: Prior Period Highest Date Lowest Date Average TL+FC 195.22% 10.10.2024 122.68% 10.11.2024 166.11% FC 241.45% 19.12.2024 117.84% 09.11.2024 196.64% 4.6.2 Contractual maturity analysis of liabilities according to remaining maturities Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 62 4.6.3 Maturity analysis of liabilities according to remaining maturities Demand Up to 1 Month 1-3 Months 3-12 Months 1-5 Years 5 Years and Over Undistributed Total Current Period Assets Cash (Cash on Hand, Money in Transit, Purchased Cheques) and Balances with the Central Bank of Türkiye 226,642,559 321,271,859 24,945,429 - - - - 572,859,847 Banks 70,884,363 247,984,935 2,303,684 631,450 224,466 2,785,491 859,472 325,673,861 Financial Assets at Fair Value through Profit/Loss 5,474,831 178,611 10 4,727,954 2,183,306 1,746,073 15,440 14,326,225 Money Market Placements - 27,846,028 7,403,299 - - - - 35,249,327 Financial Assets Measured at Fair Value through Other Comprehensive Income 4,377,599 5,354,789 7,102,349 32,228,802 96,304,939 58,416,384 - 203,784,862 Loans 20,810,486 678,929,271 341,665,010 687,848,919 589,806,499 133,675,411 113,101,357 2,565,836,953 Financial Assets Measured at Amortised Cost - 9,794,078 1,800,559 50,806,233 149,942,255 100,622,885 - 312,966,010 Other Assets (*) 53,470,116 15,114,297 3,782,242 3,428,943 5,013,586 4,254,951 91,319,484 176,383,619 Total Assets 381,659,954 1,306,473,868 389,002,582 779,672,301 843,475,051 301,501,195 205,295,753 4,207,080,704 Liabilities Bank Deposits 5,244,807 3,032,181 - - - - - 8,276,988 Other Deposits 1,162,221,217 1,206,722,370 333,691,254 185,294,413 18,538,453 1,359,033 - 2,907,826,740 Other Fundings 4,370,783 35,539,242 24,592,967 27,388,050 23,472,509 4,732,349 - 120,095,900 Money Market Funds - 98,140,856 23,411,325 9,212,464 3,177,007 - - 133,941,652 Securities Issued (**) - 3,351,531 3,478,031 108,123,202 30,154,994 142,578,049 - 287,685,807 Miscellaneous Payables 172,488,118 1,854,015 620,130 887,390 671,778 317 5,900,802 182,422,550 Other Liabilities (***) 60,377,723 24,774,893 8,429,060 4,287,107 9,194,300 2,036,179 457,731,805 566,831,067 Total Liabilities 1,404,702,648 1,373,415,088 394,222,767 335,192,626 85,209,041 150,705,927 463,632,607 4,207,080,704 Liquidity Gap (1,023,042,694) (66,941,220) (5,220,185) 444,479,675 758,266,010 150,795,268 (258,336,854) - Net Off-Balance Sheet Position (5,248,974) 3,957,907 (6,038,848) 278,203 1,885,504 (238,108) - (5,404,316) Derivative Financial Assets 5,416,640 502,265,162 202,997,361 153,491,910 46,409,860 10,604,110 - 921,185,043 Derivative Financial Liabilities 10,665,614 498,307,255 209,036,209 153,213,707 44,524,356 10,842,218 - 926,589,359 Non-Cash Loans 976 210,143,954 30,618,839 25,071,300 51,716,309 27,549,228 2,915,483,444 3,260,584,050 Prior Period Total Assets 240,852,961 907,959,348 300,088,134 581,015,546 621,177,715 210,058,491 141,427,184 3,002,579,379 Total Liabilities 989,525,792 971,224,672 302,168,410 211,364,114 48,380,809 103,941,980 375,973,602 3,002,579,379 Liquidity Gap (748,672,831) (63,265,324) (2,080,276) 369,651,432 572,796,906 106,116,511 (234,546,418) - Net Off-Balance Sheet Position - 337,312 (2,546,917) 279,958 (2,565,885) 703,757 - (3,791,775) Derivative Financial Assets - 278,068,974 109,266,097 83,826,062 34,273,804 6,054,051 - 511,488,988 Derivative Financial Liabilities - 277,731,662 111,813,014 83,546,104 36,839,689 5,350,294 - 515,280,763 Non-Cash Loans 717 84,008,635 17,803,480 18,612,595 34,717,452 6,399,287 1,919,280,355 2,080,822,521 (*) Includes expected credit losses in accordance with TFRS 9. (**) Includes subordinated securities issued and financial liabilities measured at FVTPL. (***) Shareholders’ Equity is included in “Other Liabilities” line under “Undistributed” column.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 63 4.6.4 Net Stable Funding Ratio Net stable funding ratio (NSFR) is calculated by dividing the available stable funding amount by the required stable funding amount. Available stable funding includes the portion of banks' liabilities and capital that are expected to be permanent; and required stable funding refers to the portion of banks' on-balance sheet assets and off-balance sheet liabilities that are expected to be refunded. Available stable funding amount is calculated by summing the amounts to be found after applying the relevant consideration rates determined within the scope of the legislation to the amounts of banks' liabilities and capital i tems valued in accordance with T FRS. Required stable funding amount will be found after applying the relevant consideration rates determined within the scope of the legislation to the value calculated by deducting the sp ecial provisions set aside in accordance with the Regulation on the Procedures and Principles on the Classification of Loans and the Provisions from the amounts of the banks' on-balance sheet assets and off-balance sheet liabilities valued in accordance with TFRS. The three-month simple arithmetic average of the consolidated and unconsolidated NSFR calculated monthly as of capital calculation periods as of March, June, September and December cannot be less than one hundred percent.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 64 Current Period a b c ç d Unweighted Amount According to Residual Maturity Total Weighted Amount Non Maturity Residual maturity of less than 6 months Residual maturity of nine months and longer but less than one year Residual maturity of one year or more Available stable funding 1 Capital Instruments 561,103,492 - - - 561,103,492 2 Tier 1 Capital and Tier 2 Capital 561,103,492 - - - 561,103,492 3 Other Capital Instruments - - - - - 4 Real-person and Retail Customer Deposits 833,415,650 966,711,380 49,062,056 504,712 1,690,931,916 5 Stable Deposits 224,683,132 274,289,509 25,119,387 57,939 497,942,469 6 Less Stable Deposits 608,732,518 692,421,871 23,942,670 446,773 1,192,989,447 7 Other Obligations 338,029,281 712,076,562 56,178,239 74,980,170 615,331,093 8 Operational deposits 4,140,615 - - - 2,070,308 9 Other Obligations 333,888,666 712,076,562 56,178,239 74,980,170 613,260,785 10 Liabilities equivalent to interconnected assets - - - - - 11 Other Liabilities - - - - 35,146,583 12 Derivative liabilities - 1,511,680 - 13 All other equity not included in the above categories 408,157,397 50,005,310 4,663,692 31,699,833 35,146,583 14 Available stable funding - - - - 2,902,513,084 Required stable funding 15 High Quality Liquid Assets - - - - 110,372,010 16 Deposits held at financial institutions for operational purposes - - - - - 17 Performing Loans 166,676,038 1,421,701,532 401,823,452 648,278,855 1,427,936,169 18 Encumbered loans to financial institutions, where the loan is secured against Level 1 assets 8,348,683 16,799,684 - 293,977 11,334,772 19 Unencumbered loans to financial institutions or encumbered loans that are not secured against Level 1 assets 48,928,012 63,858,927 24,592,799 3,762,191 24,147,011 20 Loans to corporate customers, real persons and or retail customers, central banks, other than credit agencies and/or financial institutions 100,873,901 1,328,502,154 361,038,620 500,214,139 1,278,035,671 21 Loans with a risk weight of less than or equal to %35 - 7,118,516 2,651,146 3,724,077 7,305,199 22 Residential mortgages - 11,426,128 10,201,339 130,140,526 96,996,321 23 Residential mortgages with a risk weight of less than or equal to %35 - 7,948,863 6,529,788 82,096,106 61,120,718 24 Securities that are not in default and do not qualify as HQLA and exchange-traded equities 8,525,442 1,114,638 5,990,694 13,868,023 17,422,394 25 Assets equivalent to interconnected liabilities - - - - - 26 Other Assets - - - - 418,448,319 27 Physical traded commodities, including gold 28,772,761 - - - 28,772,761 28 Initial margin posted or given guarantee fund to central counterparty - 2,725,865 2,316,986 29 Derivative Assets - 16,244,880 15,232,540 30 Derivative Liabilities before the deduction of the variation margin - 1,063,462 1,063,462 31 Other Assets not included above 328,946,070 80,238,734 - 36,541,871 371,062,570 32 Off-balance sheet commitments - 305,409,254 219,428,343 2,537,209,096 172,293,120 33 Total Required stable funding - - - - 2,129,049,618 34 Net Stable Funding Ratio (%) - - - - 136.33
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 65 As of 30 September 2025, consolidated NSFR is calculated as 136.33% (31 December 2024: 140.53%). Considering the amounts to which the consideration rate is applied, Capital items corresponds to 19.33% of Available Stable Funding amount ( 31 December 2024: 20.6 4%) and Real Person and Retail Customer Deposits corresponds to 58.26% of Available Stable Funding amount. (31 December 2024: 60.60%), where those two refers to items to which the highest consideration rates are applied within the scope of the legislation. Performing Receivables, which have the largest share in Required Stable Funding, constitute 67.07% (31 December 2024: 65.65%) of Required Stable Fund amount. Factors such as the development of major balance sheet items such as Loans and Deposits, the chan ge in balance sheet maturity structure and asset encumbrance are effective in the development of the ratio between the periods. Consolidated NSFR ratio development in the third quarter of 2025 is shown in the table below. Period Ratio 31 July 2025 139.34% 31 August 2025 137.91% 30 September 2025 136.33% 3 Month Average 137.86%
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 66 Prior Period a b c ç d Unweighted Amount According to Residual Maturity Total Weighted Amount Non Maturity Residual maturity of less than 6 months Residual maturity of nine months and longer but less than one year Residual maturity of one year or more Available stable funding 1 Capital Instruments 433,745,063 - - - 433,745,063 2 Tier 1 Capital and Tier 2 Capital 433,745,063 - - - 433,745,063 3 Other Capital Instruments - - - - - 4 Real-person and Retail Customer Deposits 591,891,666 766,644,551 28,871,184 7,820,777 1,273,472,790 5 Stable Deposits 172,703,021 166,468,148 11,460,911 4,716,514 337,581,164 6 Less Stable Deposits 419,188,645 600,176,403 17,410,272 3,104,263 935,891,625 7 Other Obligations 235,022,743 517,129,251 26,783,107 57,053,102 373,298,077 8 Operational deposits 4,620,950 - - - 2,310,475 9 Other Obligations 230,401,793 517,129,251 26,783,107 57,053,102 370,987,602 10 Liabilities equivalent to interconnected assets - - - - - 11 Other Liabilities - - - - 20,809,471 12 Derivative liabilities - 2,401,231 - 13 All other equity not included in the above categories 267,237,424 10,343,905 2,524,832 21,382,937 20,809,471 14 Available stable funding - - - - 2,101,325,400 Required stable funding 15 High Quality Liquid Assets - - - - 83,467,630 16 Deposits held at financial institutions for operational purposes 24 - - - 12 17 Performing Loans 110,879,010 983,840,232 301,649,474 405,206,365 981,643,357 18 Encumbered loans to financial institutions, where the loan is secured against Level 1 assets 10,873,400 20,607,579 28,470 211,112 11,113,023 19 Unencumbered loans to financial institutions or encumbered loans that are not secured against Level 1 assets 25,817,624 18,512,353 18,127,614 5,655,229 22,496,328 20 Loans to corporate customers, real persons and or retail customers, central banks, other than credit agencies and/or financial institutions 74,135,206 930,815,561 274,107,764 314,319,221 882,187,363 21 Loans with a risk weight of less than or equal to %35 - 16,897,081 4,002,311 2,897,669 12,332,864 22 Residential mortgages - 8,296,408 7,675,733 74,418,606 57,581,577 23 Residential mortgages with a risk weight of less than or equal to %35 - 5,853,925 4,458,184 59,077,960 43,931,138 24 Securities that are not in default and do not qualify as HQLA and exchange-traded equities 52,780 5,608,332 1,709,893 10,602,196 8,265,066 25 Assets equivalent to interconnected liabilities - - - - - 26 Other Assets - - - - 317,153,033 27 Physical traded commodities, including gold 16,300,705 - - - 16,300,705 28 Initial margin posted or given guarantee fund to central counterparty - 1,243,193 1,056,714 29 Derivative Assets - 9,360,748 8,061,192 30 Derivative Liabilities before the deduction of the variation margin - 991,944 991,944 31 Other Assets not included above 232,005,487 65,307,234 - 21,525,833 290,742,478 32 Off-balance sheet commitments - 213,784,805 148,809,863 1,634,988,956 113,013,870 33 Total Required stable funding - - - - 1,495,277,901 34 Net Stable Funding Ratio (%) - - - - 140.53
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 67 Consolidated NSFR ratio development in the last 3 months of 2024 is shown in the table below. Period Ratio 31 October 2024 148.14% 30 November 2024 140.69% 31 December 2024 140.53% 3 Month Average 143.12% 4.7 Consolidated leverage ratio The leverage ratio table prepared in accordance with the Communiqué “Regulation on Measurement and Assessment of Leverage Ratios of Banks” published in the Official Gazette No. 28812 dated 5 November 2013 is presented below. The Bank’s consolidated leverage ratio calculated by taking average of end of month leverage ratios for the last three -month periods, is 5.38% (31 December 2024: 6.27 %). While the capital increased by 24.22% mainly as a result of increase in net profits, total risk amount increased by 44.63%. Therefore, the current period leverage ratio decreased by 89 basis points compared to prior period. (*) Consolidated financial statements prepared in compliance with the paragraph 6 of Article 5 of the Communiqué “Preparation of Consolidated Financial Statements.” (**) The consolidated financial statements prepared in accordance with Turkish Accounting Standards as of 30 September 2025 for the current period and 31 December 2024 for the prior period, are considered. (***) Amounts in the table are three-month average amounts. Current Period(***) Prior Period(***) 1 Total assets in consolidated financial statements prepared in accordance with Turkish Accounting Standards (*) (**) 3,823,478,388 2,617,090,174 2 The difference between total assets prepared in accordance with Turkish Accounting Standards (*) and total assets in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” (**) (1,768,920) 335,014 3 The difference between the amounts of derivative financial instruments and credit derivatives in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such instruments (92,685,464) (77,660,059) 4 The difference between the amounts of securities or commodity financing transactions in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such instruments 201,907,447 129,383,956 5 The difference between the amounts of off-balance items in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such items 6,415,887 3,665,340 6 Other differences between the amounts in consolidated financial statements prepared in accordance with the Communiqué “Preparation of Consolidated Financial Statements” and risk amounts of such items - - 7 Total risk amount 7,278,952,654 5,032,653,807
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 68 Current Period (*) Prior Period (*) On-balance sheet assets 1 On-balance sheet items (excluding derivative financial instruments and credit derivatives but including collateral) 4,130,039,534 2,948,245,184 2 (Assets deducted in determining Tier I capital) (7,208,172) (4,127,235) 3 Total on-balance sheet risks (sum of lines 1 and 2) 4,122,831,362 2,944,117,949 Derivative financial instruments and credit derivatives 4 Replacement cost associated with all derivative financial instruments and credit derivatives 13,328,896 10,671,624 5 Add-on amounts for PFE associated with all derivative financial instruments and credit derivatives 79,356,568 66,988,435 6 Total risks of derivative financial instruments and credit derivatives (sum of lines 4 and 5) 92,685,464 77,660,059 Securities or commodity financing transactions (SCFT) 7 Risks from SCFT assets (excluding on-balance sheet) 27,615,732 13,514,144 8 Risks from brokerage activities related exposures - - 9 Total risks related with securities or commodity financing transactions (sum of lines 7 and 8) 27,615,732 13,514,144 Other off-balance sheet transactions 10 Gross notional amounts of off-balance sheet transactions 3,042,235,983 2,001,026,995 11 (Adjustments for conversion to credit equivalent amounts) (6,415,887) (3,665,340) 12 Total risks of off-balance sheet items (sum of lines 10 and 11) 3,035,820,096 1,997,361,655 Capital and total risks 13 Tier I capital 391,784,587 315,395,781 14 Total risks (sum of lines 3, 6, 9 and 12) 7,278,952,654 5,032,653,807 Leverage ratio 15 Leverage ratio 5.38% 6.27% (*) Amounts in the table are three-month average amounts. 4.8 Fair values of financial assets and liabilities Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 4.9 Transactions carried out on behalf of customers and items held in trust None. 4.10 Risk management objectives and policies The notes under this caption are prepared as per the “Regulation on Calculation of Risk Management Disclosures” published in the Official Gazette No. 29511 dated 23 October 2015. 4.10.1 Risk management strategy and weighted amounts 4.10.1.1 Risk management strategy Risk Management ensures that; risk management policies and principles are applied and adopted throughout the Bank and its consolidated subsidiaries and that risk management system is maintained and improved which pursues risk -return relationship, and measures all risks together and which is in compliance with applicable regulation, bank strategies and policies and where limits determined in connection with the risk appetite approved by the Board of Directors are not breached. Risk Management defines, measures, reports, monitors the risks and ensure the activities executed in or der to control these risks thoroughly and timely; also monitors the results.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 69 Policies and procedures regarding risk management are established for consolidated subsidiaries. Policies and procedures are prepared in compliance with applicable legislations that the subsidiaries subject to and the parent Bank’s risk management strategy, reviewed regularly and revised if necessary. The parent Bank ensures that risk management system is applied in subsidiaries where risks are defined, measured, monitored and controlled. Risk management activities are structured under the responsibility of the Board of Directors. Besides oversight of corporate risk management policies and practices, capital adequacy and planning with liquidity adequacy subjects, management of various risks that the Bank may be exposed to is the responsibility of the Risk Committee, which consists of members of the Board of Directors. Accordingly, the Risk Management, which performs risk management functions, reports to the Board of Directors via t he Risk Committee, whereas the Internal Audit Department, performing internal audit functions, the Internal Control Unit, performing internal control functions, and the Compliance Department, which implements compliance controls and performs activities to prevent laundering proceeds of crime, and financing of terrorism, report directly to the Board of Directors. Senior managements responsibility is to report to Board of Directors about the significant risk the Bank encounters, ensure the compliance with the risk management about own duties, eliminate the risks, deficiencies and errors occurring in the units responsible or take the necessary measures, participate in design and implementation of internal capital adequacy assessment process (ICAAP); participate in process of assessing the adequacy and appropriateness of the underlying assumptions, data sources and principles used to measure the assumptions and risks associated with the models. The Bank’s main approach for the implementation of risk management m odel is establishing risk culture throughout the Bank, and aims that the importance of risk management for maintaining business operations is understood and risk awareness and sensitivity is ensured for decision making and implementation mechanisms process by all employees. The Bank manages all exposed crisis situations within the framework of business continuity policy and business continuity program formed by strategic goals which designate The Bank’s business continuity vision and principles; takes necessary actions. Compliant with legislation, the Bank measures and monitors risks that exposed to, considering methods suitable with international standards. Risk measuring and reporting are performed via advanced methods and risk management software. Risk based detailed reports are prepared for management of significant risks, in order to determine strategies and take decisions, in this scope, reports are prepared for Board of Directors, relevant committees and senior management. The Bank’s risk appetite framework determines the risk level that the Board of Directors is prepared to accept in order to accomplish the goals and strategies with the consideration of the capacity of the institution to safely absorbs those risks and the Bank monitors regularly risk appetite metrics regarding capital, liquidity, income recurrence and risk based limits. Risks that the Bank is exposed is managed by providing effective control environment and monitoring limits. Unmitigated risks are either accepted with current risk levels or decreasing/ terminating the activity that causes the risk. The Risk Management function conducts the ICAAP report, to be sent to the BRSA by coordinating relevant parties. Stress test report is also reported to the BRSA, which evaluates how adverse e ffects on macroeconomic parameters, in the scope of determined scenarios, affect the Bank’s three year budget plan and results, and certain ratios, including capital adequacy. Training programs for employees, risk reports to the Board of Directors, senior management and committees, risk appetite framework established by the Bank and ICAAP generate significant inputs to ensure that risk management culture is widely embraced. On the other hand, within the scope of the “Regulation on the Precautionary Plans to be Prepared by Systemically Important Banks” published in the Official Gazette dated 16 March 2021 and numbered 31425, the Bank prepares a Recovery Plan and reports the Plan to BRSA. The Recovery Plan describes; the “precautionary measures” to be taken, in case the Recovery Plan indicators such as solvency (capital), liquidity, profitability indicators etc., fall below certain threshold levels. In this plan, besides the measures that can be applied under stress scenarios, information about the bank's structure is also given.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 70 The main purposes of the Recovery Plan are the following: - An overview, with a detailed analysis of core business lines, critical economic functions as well as its interconnectedness. - A detailed explanation of the specific governance arrangements relating to the recovery plan, comprising its development, approval and integration in the overall corporate governance of the Bank. - A description of the decision -making process regarding the potential adoption of rec overy measures, underscoring the escalation process and the role of indicators in this process. - An identification of feasible recovery measures to be potentially adopted in order to restore the Recovery Plan indicators such as liquidity, solvency ( capital), profitability etc., following a substantial deterioration that has potentially led to the implementation of recovery measures. This identification should be accompanied by a financial assessment of each measure, their legal and operational requir ements, their potential obstacles, and their time for implementation and, in a second step, their feasibility in different scenarios of financial stress. - A reference to the communication plan to address both internal and external communication. The main purpose of including scenarios in the recovery plan is to test the impact and feasibility of the different recovery measures. They also allow for proper identification of the potential impediments or delays in the implementation of the recovery measures in a range of situations. Therefore, it is worth noting that the role of scenarios is noticeably different from the role of scenarios in other supervisory tools, such as capital plans or stress-tests exercises, whereas there should be consistency among all these tools.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 71 4.10.1.2 Risk weighted amounts (*) Excluding equity investments in funds and amounts below the thresholds for deductions from capital. 4.10.2 Linkages between financial statements and risk amounts Not prepared in compliance with the Communiqué “ Regulation on Calculation of Risk Management Disclosures”. 4.10.3 Consolidated credit risk Not prepared in compliance with the Communiqué “ Regulation on Calculation of Risk Management Disclosures”. 4.10.4 Consolidated counterparty credit risk Not prepared in compliance with the Communiqué “ Regulation on Calculation of Risk Management Disclosures”. 4.10.5 Consolidated securitisations Not prepared in compliance with the communique “ Regulation on Calculation of Risk Management Disclosures”. 4.10.6 Consolidated market risk Not prepared in compliance with the communique “ Regulation on Calculation of Risk Management Disclosures”. Risk Weighted Amounts Minimum Capital Requirements Current Period Prior Period Current Period 1 Credit risk (excluding counterparty credit risk) (CCR) (*) 2,435,126,005 1,748,771,899 194,810,080 2 Of which standardised approach (SA) 2,435,126,005 1,748,771,899 194,810,080 3 Of which internal rating-based (IRB) approach - - - 4 Counterparty credit risk 30,852,211 25,735,945 2,468,177 5 Of which standardised approach for counterparty credit risk (SA-CCR) 30,852,211 25,735,945 2,468,177 6 Of which internal model method (IMM) - - - 7 Equity position in banking book under basic risk weighting or internal rating-based - - - 8 Equity investments in funds – look-through approach - - - 9 Equity investments in funds – mandate-based approach 1,090,952 93,455 87,276 10 Equity investments in funds – 1250% risk weighting Approach - - - 11 Settlement risk - - - 12 Securitisation exposures in banking book - - - 13 Of which IRB ratings-based approach (RBA) - - - 14 Of which IRB supervisory formula approach (SFA) - - - 15 Of which SA/simplified supervisory formula approach (SSFA) - - - 16 Market risk 70,467,663 44,101,237 5,637,413 17 Of which standardised approach (SA) 70,467,663 44,101,237 5,637,413 18 Of which internal model approaches (IMM) - - - 19 Operational risk 337,670,689 216,769,358 27,013,655 20 Of which basic indicator approach 337,670,689 216,769,358 27,013,655 21 Of which standardised approach - - - 22 Of which advanced measurement approach - - - 23 Amounts below the thresholds for deduction from capital (subject to 250% risk weight) - - - 24 Floor adjustment - - - 25 Total (1+4+7+8+9+10+11+12+16+19+23+24) 2,875,207,520 2,035,471,894 230,016,601
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 72 4.10.7 Consolidated operational risk Not prepared in compliance with the communique “Regulation on Calculation of Risk Management Disclosures”. 4.10.8 Consolidated banking book interest rate risk Not prepared in compliance with the communique “ Regulation on Calculation of Risk Management Disclosures”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 73 5 Disclosures and Footnotes on Consolidated Financial Statements 5.1 Consolidated assets 5.1.1 Cash and Cash Equivalents 5.1.1.1 Cash and balances with Central Bank Current Period Prior Period TL FC TL FC Cash in TL/Foreign Currency 6,726,191 22,823,208 6,455,145 18,550,380 Central Bank of Türkiye 303,017,587 211,514,990 194,716,186 127,432,845 Others - 28,777,871 - 16,306,063 Total 309,743,778 263,116,069 201,171,331 162,289,288 Balances with the Central Bank of Türkiye Current Period Prior Period TL FC TL FC Unrestricted Demand Deposits 192,330,548 925,456 115,100,035 5,194 Unrestricted Time Deposits - - - - Restricted Time Deposits 110,687,039 210,589,534 79,616,151 127,427,651 Total 303,017,587 211,514,990 194,716,186 127,432,845 The reserve requirements in TL, FC and gold that maintained in accordance with the “Communiqué Regarding the Reserve Requirements” numbered 2013/15 are included in the table. As of 30 September 2025, reserve requirement rates for TL denomina ted liabilities are in between 3% and 40% depending on their original maturity (31 December 2024: between 3% and 33%) and, reserve requirement rates for foreign currency denominated liabilities are in between 5% and 32% depending on their original maturity (31 December 2024: between 5% and 30%). An additional reserve requirement of 2.5% is maintained in TL for foreign currency denominated deposits (excluding foreign bank deposits and precious metal accounts). The parent Bank receives interest gain over FX protected deposits reserve requirements excluding reserve requirements maintained for TL deposits and newly opened and renewed FX protected deposits as of 21 December 2024. Within the scope of Regulation on Commission Applied To Reserve Requirement Balances, the banks that undershoot the minimum levels required by CBRT for targets namely “Ratio For Share of TL Deposit” should pay commission to CBRT over their foreign currency denominated reserve requirement balances linked to foreign currency deposits. 5.1.1.2 Banks Current Period Prior Period TL FC TL FC Banks Domestic banks 13,141,996 2,478,733 8,456,016 1,110,455 Foreign banks 2,767,054 307,286,078 4,016,945 225,782,606 Foreign head office and branches - - - - Total 15,909,050 309,764,811 12,472,961 226,893,061 The placements at foreign banks includ e blocked accounts amounting TL 81,032,649 (31 December 2024: TL 64,734,162) of which TL 68,789,880 (31 December 2024: TL 55,816,981) kept at the central banks of Malta, TL 1,475,843 (31 December 2024: TL 1,143,468) kept at Turkish Republic of Northern Cyprus and TL 10,766,926 (31 December 2024: TL 7,773,713) kept at various banks as collateral. Furthermore, there are restricted deposits at various domestic banks amounting TL 2,727,887 (31 December 2024: TL 1,469,962) as required for insurance activities.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 74 Due from foreign banks Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.1.3 Receivables from reserve repo transactions Current Period Prior Period TL FC TL FC Domestic Transactions - - 97,970 - Central Bank of Türkiye - - - - Banks - - 97,970 - Others - - - - Foreign Transactions 11,593,644 23,655,683 - 20,243,465 Central banks - - - - Banks 11,593,644 23,655,683 - 20,243,465 Others - - - - Total 11,593,644 23,655,683 97,970 20,243,465 5.1.1.4 Expected credit losses for cash and cash equivalents Current Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 597,339 - - 597,339 Additions during the Period (+) 2,444,501 - - 2,444,501 Disposal (-) (2,284,168) - - (2,284,168) Transfer to Stage1 - - - - Transfer to Stage 2 - - - - Transfer to Stage 3 - - - - Foreign Currency Differences 113,171 - - 113,171 Balances at End of Period 870,843 - - 870,843 5.1.2 Financial assets at fair value through profit/loss 5.1.2.1 Financial assets at fair value through profit/loss subject to repurchase agreements and provided as collateral/blocked Current Period Prior Period TL FC TL FC Collateralised/Blocked Assets - 3,526,685 178,027 2,217,508 Assets Subject to Repurchase Agreements 133,985 - 67,594 - Total 133,985 3,526,685 245,621 2,217,508 Prior Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 1,938,327 - - 1,938,327 Additions during the Period (+) 2,739,300 1 - 2,739,301 Disposal (-) (4,191,436) (2) - (4,191,438) Transfer to Stage1 3 (3) - - Transfer to Stage 2 (4) 4 - - Transfer to Stage 3 - - - - Foreign Currency Differences 111,149 - - 111,149 Balances at End of Period 597,339 - - 597,339
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 75 5.1.2.2. Financial assets measured at fair value through profit or loss Current Period Prior Period TL FC TL FC Government Securities 1,713,697 6,300,378 4,575,298 5,767,257 Equity Securities 1,472,301 140,253 414,244 117,338 Other Financial Assets (*) 3,807,864 891,732 198,724 1,053,982 Total 6,993,862 7,332,363 5,188,266 6,938,577 (*) Loans whose contractual conditions are inconsistent with a basic lending agreement (consideration for the time value of money and credit risk are typically the most significant elements of interest) are measured at fair value through profit or loss. As of 30 September 2025, loans with a fair value of TL 270,778 (31 December 2024: TL 54,062) have been classified under other financial assets. 5.1.3 Financial assets measured at fair value through other comprehensive income 5.1.3.1 Financial assets subject to repurchase agreements and provided as collateral/blocked Current Period Prior Period TL FC TL FC Collateralised/Blocked Assets 12,991,796 18,557,058 12,766,813 9,481,770 Assets subject to Repurchase Agreements 27,905,161 45,798,557 2,943,284 15,220,097 Total 40,896,957 64,355,615 15,710,097 24,701,867 5.1.3.2 Details of financial assets measured at fair value through other comprehensive income Current Period Prior Period Debt Securities 168,940,297 100,432,402 Quoted at Stock Exchange 168,940,297 100,432,402 Unquoted at Stock Exchange - - Common Shares/Investment Fund 36,596 28,069 Quoted at Stock Exchange 4,491 4,491 Unquoted at Stock Exchange 32,105 23,578 Value Increase/Impairment Losses (-) 34,807,969 38,628,374 Total 203,784,862 139,088,845 Expected losses of TL 277,715 (31 December 2024: TL 189,193) are accounted under shareholders’ equity for financial assets measured at fair value through other comprehensive income. 5.1.4 Derivative financial assets 5.1.4.1 Positive differences on derivative financial assets measured at FVTPL Current Period Prior Period TL FC TL FC Forward Transactions 921,510 187,718 884,181 163,955 Swap Transactions 4,816,938 12,180,323 3,536,101 8,514,578 Futures 19 17 - 452 Options 345,997 145,759 202,447 20,993 Others - 1,415 - 264 Total 6,084,464 12,515,232 4,622,729 8,700,242
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 76 5.1.4.2 Positive differences on derivative financial instruments held for hedging purpose Derivative Financial Assets Held for Hedging Purpose Current Period Prior Period TL FC TL FC Fair Value Hedges - 1,444,459 - 239,994 Cash Flow Hedges 29,298 249,365 31,949 365,095 Net Foreign Investment Hedges - - - - Total 29,298 1,693,824 31,949 605,089 As of 30 September 2025, the face values and the net fair values, recognised in the balance sheet, of the derivative financial instruments held for hedging purpose, are summarized below: Current Period Prior Period Face Value Asset Liability Face Value Asset Liability Interest Rate Swaps 200,353,731 1,487,850 95,361 72,469,088 610,545 193,919 -TL 1,629,178 29,298 - 1,526,241 14,438 5,771 -FC 198,724,553 1,458,552 95,361 70,942,847 596,107 188,148 Cross Currency Swaps 19,805,562 234,879 634,631 11,974,093 21,617 832,098 -TL 8,144,753 - 234,881 6,698,012 17,511 521,469 -FC 11,660,809 234,879 399,750 5,276,081 4,106 310,629 Currency Forwards 760,902 393 77,270 4,337,675 4,876 321,907 -TL 437,631 - - 2,375,910 - - -FC 323,271 393 77,270 1,961,765 4,876 321,907 Total 220,920,195 1,723,122 807,262 88,780,856 637,038 1,347,924 5.1.4.3 Fair value hedge accounting Current Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Net Fair Value Change of Hedging Item Income Statement Effect (gains/losses from derivative financial instruments) Asset Liability Interest Rate Swaps Fixed-rate commercial loans Interest rate risk 6,858 100,646 (62,352) 45,152 Interest Rate Swaps Fixed-rate securities Interest rate risk (50,525) 106,713 (33,009) (69,519) Interest Rate Swaps Fixed-rate securities issued Interest rate risk (3,004,070) 1,217,037 - (1,697,390) Cross Currency Swaps Fixed-rate securities Interest rate and fx rate risk - 20,063 (155,018) - Prior Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Net Fair Value Change of Hedging Item Income Statement Effect (gains/losses from derivative financial instruments) Asset Liability Interest Rate Swaps Fixed-rate commercial loans Interest rate risk (15,107) - (407) (15,514) Interest Rate Swaps Fixed-rate securities Interest rate risk (124,161) 239,994 (90,396) (82,039) Interest Rate Swaps Fixed-rate securities issued Interest rate risk 7,692 - (97,316) (89,611) Cross Currency Swaps Fixed-rate securities Interest rate and fx rate risk - - - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 77 5.1.4.4 Cash flow hedge accounting Current Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Gains/Losses Accounted under Shareholders’ Equity in the Period Gains/Losses Accounted under Income Statement in the Period Ineffective Portion (net) Accounted under Income Statement Asset Liability Interest Rate Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates 40,848 - 42,249 1,633 - Interest Rate Swaps Floating-rate deposit Cash flow risk resulted from change in market interest rates 22,606 - 80,759 83,510 8,812 Cross Currency Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates - (105,020) (151,821) - - Cross Currency Swaps Fixed-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates 214,816 (374,593) (267,804) 244,149 - Currency Forwards Mile payments Cash flow risk resulted from foreign currency exchange rates - - - - - Currency Forwards Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates 393 (77,270) 108,703 (74,689) - Currency Swaps Expected investment /Operational expenses Cash flow risk resulted from foreign currency exchange rates - - - - - In the current period, the profit/loss amount recognized in the equity due to the ceased hedging transactions is TL 102,349 and the part of this amount recycled to income statement is TL 727,443.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 78 Prior Period Hedging Item Hedged Item Type of Risk Fair Value Change of Hedged Item Gains/Losses Accounted under Shareholders’ Equity in the Period Gains/Losses Accounted under Income Statement in the Period Ineffective Portion (net) Accounted under Income Statement Asset Liability Interest Rate Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates 63,413 - (174,864) 20,451 - Interest Rate Swaps Floating-rate deposit Cash flow risk resulted from change in market interest rates 307,138 - 146,362 77,402 24,699 Cross Currency Swaps Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates - (5,800) 29,954 27,207 - Cross Currency Swaps Fixed-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates 17,511 - (93,547) - - Currency Forwards Mile payments Cash flow risk resulted from foreign currency exchange rates 4,106 (832,098) 68,546 (75,893) - Currency Forwards Floating-rate funds borrowed Cash flow risk resulted from change in market interest rates and foreign currency exchange rates 4,876 (321,907) 59,116 (55,371) - Currency Swaps Expected investment /Operational expenses Cash flow risk resulted from foreign currency exchange rates - - (292,869) - - As of 31 December 202 4, the profit/loss amount recognized in the equity due to the c eased hedging transactions is TL (262,251) and the part of this amount recycled to income statement is TL 998,682.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 79 5.1.5 Loans 5.1.5.1 Loans and advances to shareholders and employees of the Bank Current Period Prior Period Cash Loans Non-Cash Loans Cash Loans Non-Cash Loans Direct Lendings to Shareholders - 4,090,016 - 4,004,844 Corporates - 4,090,016 - 4,004,844 Individuals - - - - Indirect Lendings to Shareholders 48,036 46,976 226,373 - Loans to Employees 3,756,950 1,656 2,588,364 1,523 Total 3,804,986 4,138,648 2,814,737 4,006,367 5.1.5.2 Performing loans and loans under follow -up including restructured loans, and provisions allocated for such loans Loans measured at amortised cost Current Period Performing Loans Loans under Follow-up Cash Loans (*) Non-restructured Restructured Revised Contract Terms Refinanced Loans 2,162,909,162 166,410,453 73,283,355 7,594,784 Working Capital Loans 287,360,327 13,201,483 246,791 2,395,866 Export Loans 204,781,905 12,875,882 31,006 300,043 Import Loans 3,025,927 - - - Loans to Financial Sector 88,906,587 1,941 - 711 Consumer Loans 439,289,708 34,394,634 10,059,523 37,620 Credit Cards 481,140,550 57,007,707 33,365,191 - Others 658,404,158 48,928,806 29,580,844 4,860,544 Specialization Loans - - - - Other Receivables 77,473,209 4,273,702 1,639,443 104,906 Total 2,240,382,371 170,684,155 74,922,798 7,699,690 (*) Non-performing loans are not included. Prior Period Performing Loans Loans under Follow-up Cash Loans (*) Non-restructured Restructured Revised Contract Terms Refinanced Loans 1,534,245,147 154,143,972 46,181,553 3,964,446 Working Capital Loans 182,030,024 11,096,873 326,238 870,671 Export Loans 151,051,140 7,801,254 30,426 30,058 Import Loans 7,622,936 - - - Loans to Financial Sector 55,057,724 4,533,503 - - Consumer Loans 273,034,280 43,529,741 3,278,089 36,206 Credit Cards 369,665,219 35,899,152 16,267,012 - Others 495,783,824 51,283,449 26,279,788 3,027,511 Specialization Loans - - - - Other Receivables 43,639,552 2,597,632 2,033,223 10,338 Total 1,577,884,699 156,741,604 48,214,776 3,974,784 (*) Non-performing loans are not included.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 80 Current Period Corporate/ Commercial Loans Consumer Loans Financial Lease Factoring Total TL FC TL FC TL FC TL FC TL FC Performing Loans (Stage 1) 588,053,281 749,165,545 738,875,386 86,806,782 9,542,744 40,498,672 23,597,992 3,841,969 1,360,069,403 880,312,968 Loans under Follow-up (Stage 2) 53,470,990 71,828,915 116,575,750 5,412,918 1,035,645 4,787,650 194,775 - 171,277,160 82,029,483 Total Stage 1 and 2 Loans 641,524,271 820,994,460 855,451,136 92,219,700 10,578,389 45,286,322 23,792,767 3,841,969 1,531,346,563 962,342,451 Expected Credit losses-Stage 1-2 (-) 5,005,368 14,978,124 9,910,249 919,213 88,209 792,875 20,912 1,963 15,024,738 16,692,175 Total Non-performing Loans 27,520,839 4,411,553 36,728,292 1,561,418 554,676 1,082,297 288,864 - 65,092,671 7,055,268 Expected Credit losses-Stage 3 (-) 16,988,977 2,571,537 23,300,184 1,293,333 331,141 750,612 233,418 - 40,853,720 4,615,482 Prior Period Corporate/ Commercial Loans Consumer Loans Financial Lease Factoring Total TL FC TL FC TL FC TL FC TL FC Performing Loans (Stage 1) 460,027,037 498,487,861 542,640,385 33,108,124 8,135,925 22,524,894 10,691,913 2,268,560 1,021,495,260 556,389,439 Loans under Follow-up (Stage 2) 57,741,038 56,278,135 82,814,764 7,456,035 606,277 4,032,072 2,843 - 141,164,922 67,766,242 Total Stage 1 and 2 Loans 517,768,075 554,765,996 625,455,149 40,564,159 8,742,202 26,556,966 10,694,756 2,268,560 1,162,660,182 624,155,681 Expected Credit losses-Stage 1-2 (-) 5,608,580 18,755,035 8,685,470 701,837 73,829 773,372 12,940 1,329 14,380,819 20,231,573 Total Non-performing Loans 22,941,859 2,855,144 10,974,960 1,038,474 500,531 713,134 121,767 - 34,539,117 4,606,752 Expected Credit losses-Stage 3 (-) 15,417,623 1,859,381 7,060,301 879,273 351,794 513,597 116,222 - 22,945,940 3,252,251 Current Period Prior Period Performing Loans Loans Under Follow-Up Performing Loans Loans Under Follow-Up 12-Month ECL (Stage 1) 8,633,499 - 8,918,792 - Significant Increase in Credit Risk (Stage 2) - 23,083,414 - 25,693,600 As of 30 September 2025, loans amounting to TL 8,956,087 (31 December 2024: TL 7,752,182) are benefited as collateral under funding transactions. Collaterals received for loans under follow-up Current Period Corporate / Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 1,630,747 12,673 - 1,643,420 Loans Collateralized by Mortgages / Shares/ Credit Guarantee Fund Sureties 41,634,931 3,159,780 - 44,794,711 Loans Collateralized by Pledged Assets 11,663,266 368,673 - 12,031,939 Loans Collateralized by Cheques and Notes 485,161 5,072 - 490,233 Loans Collateralized by Other Collaterals 57,638,748 22,528,632 - 80,167,380 Unsecured Loans 5,389,115 18,416,947 90,372,898 114,178,960 Total 118,441,968 44,491,777 90,372,898 253,306,643 Prior Period Corporate / Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 8,446,967 18,168 - 8,465,135 Loans Collateralized by Mortgages / Shares/ Credit Guarantee Fund Sureties 36,544,623 11,170,517 - 47,715,140 Loans Collateralized by Pledged Assets 8,732,596 1,055,947 - 9,788,543 Loans Collateralized by Cheques and Notes 581,522 4,120 - 585,642 Loans Collateralized by Other Collaterals 43,584,871 24,692,205 - 68,277,076 Unsecured Loans 12,030,385 9,903,079 52,166,164 74,099,628 Total 109,920,964 46,844,036 52,166,164 208,931,164
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 81 Delinquency periods of loans under follow-up Current Period Corporate / Commercial Loans Consumer Loans Credit Cards Total 31-60 days 3,604,165 5,976,418 7,381,023 16,961,606 61-90 days 2,261,591 2,108,244 2,802,403 7,172,238 Other 112,576,212 36,407,115 80,189,472 229,172,799 Total 118,441,968 44,491,777 90,372,898 253,306,643 Prior Period Corporate / Commercial Loans Consumer Loans Credit Cards Total 31-60 days 1,407,907 5,249,222 6,327,297 12,984,426 61-90 days 761,184 2,120,282 2,882,994 5,764,460 Other 107,751,873 39,474,532 42,955,873 190,182,278 Total 109,920,964 46,844,036 52,166,164 208,931,164 5.1.5.3 Maturity analysis of cash loans Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 82 5.1.5.4 Consumer loans, retail credit cards, personnel loans and personnel credit cards Current Period Short-Term Medium and Long-Term Total Consumer Loans – TL 69,550,301 218,207,804 287,758,105 Housing Loans 170,182 85,140,007 85,310,189 Automobile Loans 7,989,186 4,231,389 12,220,575 General Purpose Loans 61,390,933 128,836,408 190,227,341 Others - - - Consumer Loans – FC-indexed - 76,378 76,378 Housing Loans - 76,378 76,378 Automobile Loans - - - General Purpose Loans - - - Others - - - Consumer Loans – FC 19,819,519 67,690,559 87,510,078 Housing Loans 1,518,018 48,711,993 50,230,011 Automobile Loans 254 97,440 97,694 General Purpose Loans 6,287,741 18,835,530 25,123,271 Others 12,013,506 45,596 12,059,102 Retail Credit Cards – TL 429,510,616 22,482,122 451,992,738 With Installment 173,921,265 22,482,122 196,403,387 Without Installment 255,589,351 - 255,589,351 Retail Credit Cards – FC 4,447,468 35,340 4,482,808 With Installment - - - Without Installment 4,447,468 35,340 4,482,808 Personnel Loans – TL 1,011,050 801,105 1,812,155 Housing Loan - 10,376 10,376 Automobile Loans 426 329 755 General Purpose Loans 1,010,624 790,400 1,801,024 Others - - - Personnel Loans - FC-indexed - - - Housing Loans - - - Automobile Loans - - - General Purpose Loans - - - Others - - - Personnel Loans – FC 21,362 124,661 146,023 Housing Loans 4,699 64,079 68,778 Automobile Loans - - - General Purpose Loans 13,980 60,582 74,562 Others 2,683 - 2,683 Personnel Credit Cards – TL 1,577,453 23,665 1,601,118 With Installment 522,807 23,665 546,472 Without Installment 1,054,646 - 1,054,646 Personnel Credit Cards – FC 65,143 884 66,027 With Installment - - - Without Installment 65,143 884 66,027 Deposit Accounts– TL (Real Persons) 106,347,119 - 106,347,119 Deposit Accounts– TL (Personnel) 131,627 - 131,627 Deposit Accounts– FC (Real Persons) - - - Total 632,481,658 309,442,518 941,924,176
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 83 Prior Period Short-Term Medium and Long-Term Total Consumer Loans – TL 90,696,042 121,594,349 212,290,391 Housing Loans 191,306 60,222,958 60,414,264 Automobile Loans 7,849,356 5,183,762 13,033,118 General Purpose Loans 82,655,380 56,187,629 138,843,009 Others - - - Consumer Loans – FC-indexed - 89,462 89,462 Housing Loans - 89,462 89,462 Automobile Loans - - - General Purpose Loans - - - Others - - - Consumer Loans – FC 8,822,926 28,416,063 37,238,989 Housing Loans 988,446 16,558,159 17,546,605 Automobile Loans - 52,191 52,191 General Purpose Loans 3,613,560 11,688,668 15,302,228 Others 4,220,920 117,045 4,337,965 Retail Credit Cards – TL 326,603,294 11,834,811 338,438,105 With Installment 132,684,816 11,834,811 144,519,627 Without Installment 193,918,478 - 193,918,478 Retail Credit Cards – FC 3,081,084 30,170 3,111,254 With Installment - - - Without Installment 3,081,084 30,170 3,111,254 Personnel Loans – TL 795,063 283,354 1,078,417 Housing Loan - 4,544 4,544 Automobile Loans 18 334 352 General Purpose Loans 795,045 278,476 1,073,521 Others - - - Personnel Loans - FC-indexed - - - Housing Loans - - - Automobile Loans - - - General Purpose Loans - - - Others - - - Personnel Loans – FC 18,094 122,965 141,059 Housing Loans 4,452 68,705 73,157 Automobile Loans - - - General Purpose Loans 10,799 54,016 64,815 Others 2,843 244 3,087 Personnel Credit Cards – TL 1,207,429 10,568 1,217,997 With Installment 394,424 10,568 404,992 Without Installment 813,005 - 813,005 Personnel Credit Cards – FC 48,484 555 49,039 With Installment - - - Without Installment 48,484 555 49,039 Deposit Accounts– TL (Real Persons) 68,937,585 - 68,937,585 Deposit Accounts– TL (Personnel) 102,413 - 102,413 Deposit Accounts– FC (Real Persons) - - - Total 500,312,414 162,382,297 662,694,711
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 84 5.1.5.5 Installment based commercial loans and corporate credit cards Current Period Short-Term Medium and Long-Term Total Installment-based Commercial Loans – TL 13,678,074 123,324,394 137,002,468 Real Estate Loans 7,116 2,147,671 2,154,787 Automobile Loans 4,355,404 62,455,693 66,811,097 General Purpose Loans 9,315,554 58,721,030 68,036,584 Others - - - Installment-based Commercial Loans - FC-indexed - 4,076 4,076 Real Estate Loans - 4,076 4,076 Automobile Loans - - - General Purpose Loans - - - Others - - - Installment-based Commercial Loans – FC 30,709,346 41,151,750 71,861,096 Real Estate Loans - - - Automobile Loans 15,504 4,182,670 4,198,174 General Purpose Loans 11,828 44,954 56,782 Others 30,682,014 36,924,126 67,606,140 Corporate Credit Cards – TL 108,367,163 4,522,832 112,889,995 With Installment 28,991,643 4,522,832 33,514,475 Without Installment 79,375,520 - 79,375,520 Corporate Credit Cards – FC 480,762 - 480,762 With Installment - - - Without Installment 480,762 - 480,762 Deposit Accounts– TL (Corporates) 23,460,606 - 23,460,606 Deposit Accounts– FC (Corporates) - - - Total 176,695,951 169,003,052 345,699,003
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 85 Prior Period Short-Term Medium and Long-Term Total Installment-based Commercial Loans – TL 20,596,042 93,764,846 114,360,888 Real Estate Loans 25,666 1,280,447 1,306,113 Automobile Loans 4,222,240 46,203,473 50,425,713 General Purpose Loans 16,348,136 46,280,926 62,629,062 Others - - - Installment-based Commercial Loans - FC-indexed - 21,964 21,964 Real Estate Loans - 21,122 21,122 Automobile Loans - - - General Purpose Loans - 842 842 Others - - - Installment-based Commercial Loans – FC 20,434,525 28,639,320 49,073,845 Real Estate Loans - - - Automobile Loans 33,545 3,148,070 3,181,615 General Purpose Loans 17,936 42,923 60,859 Others 20,383,044 25,448,327 45,831,371 Corporate Credit Cards – TL 77,178,974 1,542,587 78,721,561 With Installment 23,122,088 1,542,587 24,664,675 Without Installment 54,056,886 - 54,056,886 Corporate Credit Cards – FC 293,427 - 293,427 With Installment - - - Without Installment 293,427 - 293,427 Deposit Accounts– TL (Corporates) 14,635,069 - 14,635,069 Deposit Accounts– FC (Corporates) - - - Total 133,138,037 123,968,717 257,106,754 5.1.5.6 Allocation of loans by customers Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.5.7 Allocation of domestic and foreign loans (*) Current Period Prior Period Domestic Loans 2,185,520,557 1,602,040,172 Foreign Loans 308,168,457 184,775,691 Total 2,493,689,014 1,786,815,863 (*) Non-performing loans are not included. 5.1.5.8 Loans to associates and subsidiaries Current Period Prior Period Direct Lending 5,727,976 7,731,340 Indirect Lending - - Total 5,727,976 7,731,340
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 86 5.1.5.9 Provision allocated for non-performing loans (Stage 3) Current Period Prior Period Substandard Loans- Limited Collectibility 11,040,941 7,481,373 Doubtful Loans 17,292,221 7,112,567 Uncollectible Loans 17,136,040 11,604,251 Total 45,469,202 26,198,191 5.1.5.10 Non-performing loans (NPLs) (net) Non-performing loans and loans restructured from this category Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Current Period (Gross amounts before provisions) 3,754,640 5,296,490 7,773,124 Restructured Loans and Receivables 3,754,640 5,296,490 7,773,124 Prior Period (Gross amounts before provisions) 2,334,309 1,627,488 5,681,237 Restructured Loans and Receivables 2,334,309 1,627,488 5,681,237 Movements in non-performing loan groups Current Period Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Balances at End of Prior Period 12,833,812 10,901,927 15,410,130 Additions during the Period (+) 57,954,361 487,817 1,802,730 Transfer from Other NPL Categories (+) 97,709 41,886,286 14,184,278 Transfer to Other NPL Categories (-) 41,959,119 14,175,626 33,528 Collections during the Period (-) 8,486,428 6,185,201 3,639,940 Write down /Write-offs (-) (*) (**) 22,693 193,751 648,368 Debt Sale (-) (***) 89,005 5,026,541 4,268,861 Corporate and Commercial Loans 37,914 811,984 349,466 Retail Loans 22,735 1,347,089 1,694,475 Credit Cards 28,356 2,867,468 2,224,920 Other - - - Foreign Currency Differences 473,062 159,702 685,186 Balances at End of Period 20,801,699 27,854,613 23,491,627 Provisions (-) 11,040,941 17,292,221 17,136,040 Net Balance on Balance Sheet 9,760,758 10,562,392 6,355,587
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 87 Prior Period Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Balances at End of Prior Period 8,265,265 4,301,581 13,591,760 Additions during the Period (+) 37,402,208 226,228 1,910,195 Transfer from Other NPL Categories (+) 102,259 23,972,742 10,318,648 Transfer to Other NPL Categories (-) 25,887,197 8,436,151 70,301 Collections during the Period (-) 6,717,049 3,385,600 3,696,400 Write down / Write-offs (-) (*) (**) 3,052 134,356 3,333,660 Debt Sale (-) (***) 575,806 5,695,915 3,688,322 Corporate and Commercial Loans 12,001 235,263 244,324 Retail Loans 306,504 2,391,677 1,980,313 Credit Cards 257,301 3,068,975 1,463,685 Other - - - Foreign Currency Differences 247,184 53,398 378,210 Balances at End of Period 12,833,812 10,901,927 15,410,130 Provisions (-) 7,481,373 7,112,567 11,604,251 Net Balance on Balance Sheet 5,352,439 3,789,360 3,805,879 (*) Includes loans for which 100% provision is provided during the corresponding period. (**) As of 30 September 2025, Bank’s and consolidated subsidiaries, has also written down “Group V Loan” (Loans Classified as Loss) amounting to TL 17,275,013 (31 December 202 4: TL 17,811,603). During the period, the non -performing loan ratio of the Group calculated as 2.81% (31 December 2024: 2.14%) by taking into account the written-off loans in accordance with the amendment on the relevant Provisions Regulation instead of 3.46% (31 December 2024: 3.09%). In the current period, the collection amounting to TL 2,563,979 (31 December 2024: TL 548,213) has been performed from written-down loans. (***) Consists of sale of non-performing loans. Non-performing loans in foreign currencies Group III Group IV Group V Substandard Loans and Receivables Doubtful Loans and Receivables Uncollectible Loans and Receivables Current Period Balance at End of Period 3,397,311 2,591,357 7,774,370 Provisions (-) 1,727,922 1,530,132 5,678,966 Net Balance at Balance Sheet 1,669,389 1,061,225 2,095,404 Prior Period Balance at End of Period 1,439,359 455,830 7,845,470 Provisions (-) 956,032 301,202 5,802,849 Net Balance at Balance Sheet 483,327 154,628 2,042,621
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 88 Gross and net non-performing loans as per customer categories Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Current Period (Net) 9,760,758 10,562,392 6,355,587 Loans to Individuals and Corporates (Gross) 20,685,628 27,683,133 23,333,106 Provision (-) 10,978,101 17,142,655 16,986,157 Loans to Individuals and Corporates (Net) 9,707,527 10,540,478 6,346,949 Banks (Gross) - - - Provision (-) - - - Banks (Net) - - - Other Loans and Receivables (Gross) 116,071 171,480 158,521 Provision (-) 62,840 149,566 149,883 Other Loans and Receivables (Net) 53,231 21,914 8,638 Prior Period (Net) 5,352,439 3,789,360 3,805,879 Loans to Individuals and Corporates (Gross) 12,641,984 10,861,044 15,303,568 Provision (-) 7,338,581 7,087,108 11,503,626 Loans to Individuals and Corporates (Net) 5,303,403 3,773,936 3,799,942 Banks (Gross) - - - Provision (-) - - - Banks (Net) - - - Other Loans and Receivables (Gross) 191,828 40,883 106,562 Provision (-) 142,792 25,459 100,625 Other Loans and Receivables (Net) 49,036 15,424 5,937 Interest accruals, valuation differences and related provisions calculated for non-performing loans Group III Group IV Group V Substandard Loans Doubtful Loans Uncollectible Loans Current Period (Net) 1,273,164 1,673,413 890,550 Interest accruals and valuation differences 2,754,609 4,334,680 2,952,438 Provision (-) 1,481,445 2,661,267 2,061,888 Prior Period (Net) 800,417 579,206 386,699 Interest accruals and valuation differences 1,881,665 1,691,928 1,279,166 Provision (-) 1,081,248 1,112,722 892,467
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 89 Collaterals received for non-performing loans Current Period Corporate/ Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 184,364 732 - 185,096 Loans Collateralized by Mortgages 16,338,545 421,566 - 16,760,111 Loans Collateralized by Pledged Assets 1,852,869 39,466 - 1,892,335 Loans Collateralized by Cheques and Notes 74,225 1,291 - 75,516 Loans Collateralized by Other Collaterals 8,206,577 9,910,584 - 18,117,161 Unsecured Loans 3,879,042 6,144,800 25,093,878 35,117,720 Total 30,535,622 16,518,439 25,093,878 72,147,939 Prior Period Corporate/ Commercial Loans Consumer Loans Credit Cards Total Loans Collateralized by Cash 121,086 524 - 121,610 Loans Collateralized by Mortgages 7,047,751 296,880 - 7,344,631 Loans Collateralized by Pledged Assets 1,512,658 36,939 - 1,549,597 Loans Collateralized by Cheques and Notes 77,361 1,449 - 78,810 Loans Collateralized by Other Collaterals 4,813,958 6,817,550 - 11,631,508 Unsecured Loans 2,320,286 3,215,790 12,883,637 18,419,713 Total 15,893,100 10,369,132 12,883,637 39,145,869 5.1.5.11 Expected credit loss for loans Current Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 8,918,792 25,693,600 26,198,191 60,810,583 Additions during the Period (+) 13,810,238 29,223,192 24,783,616 67,817,046 Disposal (-) (19,219,747) (21,250,920) (9,640,948) (50,111,615) Debt Sale (-) (8) (330) (6,707,253) (6,707,591) Write-offs (-) - - (788,766) (788,766) Transfer to Stage1 10,112,858 (10,030,649) (82,209) - Transfer to Stage 2 (5,749,289) 5,830,734 (81,445) - Transfer to Stage 3 (91,633) (10,764,505) 10,856,138 - Foreign Currency Differences 852,288 4,382,292 931,878 6,166,458 Balances at End of Period 8,633,499 23,083,414 45,469,202 77,186,115 Prior Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 5,851,076 27,784,054 17,730,763 51,365,893 Additions during the Period (+) 15,860,561 39,026,601 14,782,501 69,669,663 Disposal (-) (18,651,763) (29,213,307) (5,565,049) (53,430,119) Debt Sale (-) (7,278) (16,212) (7,006,233) (7,029,723) Write-offs (-) - - (3,471,068) (3,471,068) Transfer to Stage1 10,037,645 (9,978,523) (59,122) - Transfer to Stage 2 (4,398,150) 4,989,930 (591,780) - Transfer to Stage 3 (65,037) (9,836,973) 9,902,010 - Foreign Currency Differences 291,738 2,938,030 476,169 3,705,937 Balances at End of Period 8,918,792 25,693,600 26,198,191 60,810,583
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 90 5.1.5.12 Liquidation policy for uncollectible loans Loans and other receivables Classified as Loss are collected through legal follow -up and conversion of collaterals into cash. 5.1.5.13 Write-off policy Not prepared in compliance with the Article 25 of the Commu niqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.6 Lease receivable (Net) 5.1.6.1 Financial lease receivables according to remaining maturities (*) Current Period Prior Period Gross Net Gross Net Less than 1 Year 28,518,627 23,599,913 20,087,794 16,649,993 Between 1-5 Years 35,521,091 31,509,591 20,466,568 18,255,678 Longer than 5 Years 787,989 755,207 411,503 393,497 Total 64,827,707 55,864,711 40,965,865 35,299,168 (*) Non-performing loans are not included. 5.1.6.2 Net financial lease receivables (*) Current Period Prior Period Gross Financial Lease Receivables 64,827,707 40,965,865 Unearned Income on Financial Lease Receivables (-) (8,962,996) (5,666,697) Terminated Lease Contracts (-) - - Net Financial Lease Receivables 55,864,711 35,299,168 (*) Non-performing loans are not included. 5.1.6.3 Financial lease agreements Criteria applied for financial lease agreements The customer applied for a financial lease is evaluated based on the lending policies and criteria taking into account the legal legislation. A “customer analysis report” according to the type and amount of the application is prepared for the evaluation of the customer by the Credit Committee and certain risk rating models such as “customer risk rating” and “equipment rating/scoring” are applied. In compliance with the legal legislation and the authorization limits of the General Manager, Credit Committee and Board of Directors, it i s decided whether the loan will be granted considering the financial position and the qualitative characteristics of the customer and the criteria mentioned above. In case of compliance with these factors it is assessed which conditions will be applied. At this stage, collaterals such as bank guarantees, mortgages, asset pledges, promissory notes or personal or corporate guarantees, may be required depending on the creditworthiness of the customer and the characteristics of the product to be sold. The sectoral, equipment type and pledged asset concentration of the customers are monitored regularly. Details monitored subsequent to signing of financial lease agreements Subsequent to granting of loan, the fulfillment of monetary aspects such as lending procedur es and timely collection of rental payments are monitored. Furthermore, updated information on the performance of companies is reported by the Credit Monitoring Unit even for the performing customers. The reports prepared by the Credit Monitoring Unit for the performing companies and the assessments made by the administration follow-up and the legal units for the problematic companies, are presented to the top management following the assessments made by the related internal committees and the necessary ac tions are taken.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 91 5.1.7 Factoring receivables Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.8 Financial assets measured at amortised cost 5.1.8.1 Financial assets subject to repurchase agreements and provided as collateral/blocked Current Period Prior Period TL FC TL FC Collateralised/Blocked Investments 44,711,849 32,704,492 33,478,190 23,246,915 Investments subject to Repurchase Agreements 46,425,148 24,111,483 14,155,329 17,882,404 Total 91,136,997 56,815,975 47,633,519 41,129,319 5.1.8.2 Government securities measured at amortised cost Current Period Prior Period Government Bonds 255,939,762 232,042,406 Treasury Bills 902,888 873,644 Other Government Securities 9,119,209 9,526,726 Total 265,961,859 242,442,776 5.1.8.3 Financial assets measured at amortised cost Current Period Prior Period Debt Securities 250,101,213 213,208,028 Quoted at Stock Exchange 248,832,466 212,425,816 Unquoted at Stock Exchange 1,268,747 782,212 Valuation Increase / (Decrease) 62,864,797 56,864,417 Total 312,966,010 270,072,445 5.1.8.4 Movement of financial assets measured at amortised cost Current Period Prior Period Balances at Beginning of Period 270,072,445 216,382,865 Foreign Currency Differences on Monetary Assets 17,528,819 12,638,374 Purchases during the Period 52,736,811 85,037,890 Disposals through Sales/Redemptions (33,372,445) (63,187,327) Valuation Effect 6,000,380 19,200,643 Balances at End of Period 312,966,010 270,072,445 5.1.8.5 Expected credit loss for financial assets measured at amortised cost Current Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 412,408 - - 412,408 Additions during the Period (+) 172,629 - - 172,629 Disposal (-) (122,746) - - (122,746) Transfer to Stage 1 - - - - Transfer to Stage 2 - - - - Transfer to Stage 3 - - - - Foreign Currency Differences 23,227 - - 23,227 Balances at End of Period 485,518 - - 485,518
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 92 Prior Period Stage 1 Stage 2 Stage 3 Total Balances at End of Prior Period 1,044,702 - - 1,044,702 Additions during the Period (+) 402,340 1,629 - 403,969 Disposal (-) (1,074,531) (310) - (1,074,841) Transfer to Stage 1 1,380 (1,380) - - Transfer to Stage 2 (61) 61 - - Transfer to Stage 3 - - - - Foreign Currency Differences 38,578 - - 38,578 Balances at End of Period 412,408 - - 412,408 5.1.9 Assets held for sale and assets of discontinued operations 5.1.9.1 Movement of assets held for sale and assets of discontinued operations Current Period Prior Period End of Prior Period Cost 3,809,304 2,143,274 Accumulated Depreciation (-) (2,220) (2,220) Net Book Value 3,807,084 2,141,054 End of Current Period Additions (*) 1,448,391 1,919,721 Disposals (Cost) (713,196) (247,312) Disposals (Accumulated Depreciation) 430 - Reversal of Impairment / Impairment Losses 770 (9,148) Depreciation Expense for Current Period (-) - - Currency Translation Differences on Foreign Operations 9,663 2,769 Cost 4,554,932 3,809,304 Accumulated Depreciation (-) (1,790) (2,220) Net Book Value 4,553,142 3,807,084 (*) In the prior period, it includes the recalassification of investment properties with a net book value of TL 63,883 and properties in use with a net book value of TL 392,423. 5.1.9.2 Investments in subsidiaries and associates to be disposed None. 5.1.10 Investments in associates 5.1.10.1 Unconsolidated investments in associates Associates Address (City/ Country) Parent Bank’s Share – If Different, Voting Rights (%) Bank Risk Group’s Share (%) 1 Emeklilik Gözetim Merkezi AŞ(2) İstanbul/Türkiye - 6.66 2 Bankalararası Kart Merkezi AŞ (2) İstanbul/Türkiye 4.97 4.97 3 Yatırım Finansman Menkul Değerler AŞ (2) İstanbul/Türkiye 0.77 0.77 4 İstanbul Takas ve Saklama Bankası AŞ (2) İstanbul/Türkiye 4.95 4.97 5 Borsa İstanbul AŞ (1) İstanbul/Türkiye 0.30 0.34 6 Kredi Kayıt Bürosu AŞ (“KKB”) (2) İstanbul/Türkiye 9.09 9.09 7 Türkiye Cumhuriyet Merkez Bankası AŞ (1) Ankara/Türkiye 2.48 2.48 8 Kredi Garanti Fonu AŞ (2) Ankara/Türkiye 1.49 1.49 9 JCR Avrasya Derecelendirme AŞ (2) İstanbul/Türkiye 2.86 2.86 10 Birleşik İpotek Finansmanı AŞ (2) İstanbul/Türkiye 8.33 8.33 11 İhracatı Geliştirme A.Ş. (İGE) İstanbul/Türkiye 0.82 0.82
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 93 Total Assets Shareholders’ Equity Total Fixed Assets (*) Interest Income Income on Securities Portfolio Current Period Profit/Loss Prior Period Profit/Loss Company ’s Fair Value 1 256,303 182,440 43,937 9,632 62 61,689 39,629 - 2 8,948,857 7,988,382 1,629,601 1,231,019 - 1,604,435 1,238,507 7,734 3 6,769,603 1,461,735 300,743 369 4,403 42,663 25,968 3,655 4 263,293,856 15,363,526 588,849 5,827,409 760,949 5,773,701 3,866,276 25,441 5 211,783,090 29,627,947 6,007,032 2,495,402 - 12,595,644 6,319,881 662 6 4,605,082 1,915,656 1,109,132 383,060 1,813 847,664 349,229 1,714 7 8,585,994,365 (1,498,735,096) 2,770,603 444,575,016 48,877,097 (700,354,115) (818,182,864) 116 8 11,608,121 6,735,572 93,745 1,163,090 - 2,339,621 400,134 4,211 9 842,431 730,738 55,880 82,244 19,750 277,929 93,014 5,582 10 276,078 252,581 7,232 2,043 71,759 40,284 10,249 4,167 11 19,032,104 18,347,820 25,861 3,434,683 35,734 3,608,113 3,029,394 154,238 (1) Financial information is as of 31 December 2024 (2) Financial information is as of 30 June 2025. (*) Total fixed assets include tangible and intangible assets. Unconsolidated investments in associates sold during the current period None. Unconsolidated investments in associates acquired during the current period None. 5.1.10.2 Consolidated investments in associates None. 5.1.10.3 Movement of consolidated investments in associates None. Valuation methods of consolidated investments in associates None. Sectoral distribution of consolidated investments and associates None. Quoted consolidated investments in associates None. Investments in associates sold during the current period None. Investments in associates acquired during the current period None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 94 5.1.11 Investments in subsidiaries (net) Information on capital adequacy of major subsidiaries Current Period Garanti Bank International NV Garanti Holding BV Garanti Finansal Kiralama AŞ Garanti Emeklilik ve Hayat AŞ Garanti Yatırım Menkul Kıymetler AŞ COMMON EQUITY TIER I CAPITAL Paid-in Capital to be Entitled for Compensation after All Creditors 6,683,722 21,422,173 6,357,310 517,159 205,423 Share Premium - 633,260 - - - Share Cancellation Profits - - - - - Legal Reserves 8,158,533 3,450,240 11,222,047 2,295,361 8,721,147 Other Comprehensive Income according to TAS 27,845,381 143,441 - 195,894 - Current and Prior Periods’ Profits 3,865,015 862,074 4,359,429 5,035,163 3,794,878 Minority interest - - - - 92,500 Common Equity Tier I Capital Before Deductions 46,552,651 26,511,188 21,938,786 8,043,577 12,813,948 Deductions From Common Equity Tier I Capital Current and Prior Periods' Losses not Covered by Reserves, and Losses Accounted under Equity according to TAS (-) 38,234 2,428,521 9,477 25,161 11,013 Leasehold Improvements on Operational Leases (-) - 1,797 - - 442 Goodwill and Other Intangible Assets and Related Deferred Taxes (-) 525,391 3,044,818 155,455 324,180 182,201 Net Deferred Tax Asset/Liability (-) - - - - - Total Deductions from Common Equity Tier I Capital 563,625 5,475,136 164,932 349,341 193,656 Total Common Equity Tier I Capital 45,989,026 21,036,052 21,773,854 7,694,236 12,620,292 Total Deductions From Tier I Capital - - - - - Total Tier I Capital 45,989,026 21,036,052 21,773,854 7,694,236 12,620,292 TIER II CAPITAL - 2,360,859 - - - TOTAL CAPITAL 45,989,026 23,396,911 21,773,854 7,694,236 12,620,292
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 95 Prior Period Garanti Bank International NV Garanti Holding BV Garanti Finansal Kiralama AŞ Garanti Emeklilik ve Hayat AŞ Garanti Yatırım Menkul Kıymetler AŞ COMMON EQUITY TIER I CAPITAL Paid-in Capital to be Entitled for Compensation after All Creditors 4,909,917 15,732,855 357,848 517,159 205,423 Share Premium - 465,078 - - - Share Cancellation Profits - - - - - Legal Reserves 4,614,440 2,351,261 7,333,214 1,432,864 5,245,542 Other Comprehensive Income according to TAS 17,969,966 104,362 - 76,558 - Current and Prior Periods’ Profits 3,513,228 908,361 3,888,832 4,362,497 4,475,606 Minority interest - - - - 84,073 Common Equity Tier I Capital Before Deductions 31,007,551 19,561,917 11,579,894 6,389,078 10,010,644 Deductions From Common Equity Tier I Capital Current and Prior Periods' Losses not Covered by Reserves, and Losses Accounted under Equity according to TAS (-) 65,890 2,374,097 9,964 30,955 11,013 Leasehold Improvements on Operational Leases (-) - 1,787 - 2 694 Goodwill and Other Intangible Assets and Related Deferred Taxes (-) 336,496 2,236,302 87,307 201,105 123,996 Net Deferred Tax Asset/Liability (-) - - - - - Total Deductions from Common Equity Tier I Capital 402,386 4,612,186 97,271 232,062 135,703 Total Common Equity Tier I Capital 30,605,165 14,949,731 11,482,623 6,157,016 9,874,941 Total Deductions From Tier I Capital - - - - - Total Tier I Capital 30,605,165 14,949,731 11,482,623 6,157,016 9,874,941 TIER II CAPITAL - 947,547 - - - TOTAL CAPITAL 30,605,165 15,897,278 11,482,623 6,157,016 9,874,941 The Parent Bank does not have any capital requirement for its subsidiaries included in the calculation of its consolidated capital adequacy standard ratio.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 96 5.1.11.1 Unconsolidated investments in subsidiaries Subsidiaries Address (City/ Country) Parent Bank’s Share – If Different, Voting Rights (%) Bank Risk Group’s Share (%) 1 Garanti Kültür A.Ş. Istanbul/Türkiye 100.00 100.00 2 Tasfiye Halinde Garanti Konut Finansmanı Danışmanlık Hizmetleri A.Ş. (1) Istanbul/Türkiye 100.00 100.00 3 Trifoi Real Estate Company Bucharest/Romania - 100.00 4 Motoractive Multi Services SRL Bucharest/Romania - 100.00 5 Garanti Filo Yönetim Hizmetleri A.Ş. Istanbul/Türkiye - 100.00 6 Garanti Filo Sigorta Aracılık Hizmetleri A.Ş. Istanbul/Türkiye - 100.00 7 Garanti BBVA Finansal Teknoloji A.Ş. (2) İstanbul/Türkiye 100.00 100.00 8 Garanti BBVA Kripto Varlık Alım Satım Platformu A.Ş. (3) İstanbul/Türkiye - 100.00 9 Ralfi SRL Bükreş/Romanya - 100.00 The financial information presented in the below table is as of 30 September 2025. Total Assets Shareholders ’ Equity Total Fixed Assets (*) Interest Income Income on Securities Portfolio Current Period Profit/Loss Prior Period Profit/Loss Company’s Fair Value Amount of Equity Require ment 1 14,219 4,611 1,399 - - 1,388 848 - - 2 2,967 1,548 - - - - - - - 3 72,938 51,444 - - - (5,363) (7) - - 4 374,789 232,920 294,962 3,789 - 8,571 11,166 - - 5 31,103,926 13,516,611 29,233,308 293,585 - 2,099,553 1,854,471 - - 6 111,138 102,573 - 26,170 - 39,226 19,748 - - 7 2,190,984 2,190,873 - 16,415 - 7,076 18,194 - - 8 2,431,538 1,863,806 736,912 204,719 - (115,366) (101,335) - - 9 289,606 268,039 1,630 9,451 - (11,177) (67,453) - - (*) Total fixed assets include tangible and intangible assets. (1) Financial information is as of 31 December 2024. (2) Capital of Garanti BBVA Finansal Teknoloji A.Ş. amounting to TL 1,296,000 has been increased to TL 2,166,000 through paid-in capital increase with the Board of Directors Decision No. 7 dated 6 May 2025. The Parent Bank has participated the total of paid-in capital increase in exchange for 870,000,000 shares with a nominal value of TL 1 (full amount) amounting to TL 870,000 corresponding to its share in the capital. (3) Capital of Garanti BBVA Kripto Varlık Alım Satım Platformu A.Ş. has been increased to TL 2,183,500,000 through paid-in capital increase with the Board of Directors Decision dated 24 June 2025. Unconsolidated subsidiaries, reasons for not consolidating such investments and accounting treatments applied for such investments The companies which are not included within the scope of consolidation due to not being financial subsidiaries are accounted for equity method as defined in TAS 28 “Investments in Associates and Joint Ventures”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 97 5.1.11.2 Movement of consolidated investments in subsidiaries Current Period Prior Period Balances at Beginning of Period 78,607,473 56,344,559 Movements During the Period 39,405,519 22,262,914 Acquisitions (1) 6,595,000 400,000 Bonus Shares Received (2) 50,000 260,263 Dividends from Current Year Profit 20,531,851 18,925,595 Sales/Liquidations - - Reclassifications (3) - 107,300 Value Increase/Decrease (4) (5,129,544) (1,876,034) Currency Differences on Foreign Subsidiaries 17,358,212 4,445,790 Reversal of Impairment Losses / Impairment Losses (-) - - Balances at End of Period 118,012,992 78,607,473 Capital Commitments - - Share Percentage at the End of Period (%) - - (1) Capital of Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. amounting to TL 255,000 has been increased to TL 655,000 through paid -in capital increase with the Board of Directors Decision No. 2024/4 dated 16 May 2024. The Parent Bank has participated the tota l of paid-in capital increase in exchange for 400,000,000 shares with a nominal value of TL 1 (full amount) amounting to TL 400,000 corresponding to its share in the capital. As a result of paid -in capital increase, the Parent Bank’s share capital in Garanti Ödeme ve Elektronik Para Hizmetle ri A.Ş. has increased to 80.53%. Capital of Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. amounting to TL 655,000 has been increased to TL 1,250,000 through paid -in capital increase with the Board of Directors Decision No. 2025/3 dated 10 February 2025. The Parent Bank has participated the total of paid- in capital increase in exchange for 595,000,000 shares with a nominal value of TL 1 (full amount) amounting to TL 595,000 corresponding to its share in the capital. As a result of paid-in capital increase, the Parent Bank’s share capital in Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. has increased to 89.80%. Capital of Garanti Finansal Kiralama A.Ş. amounting to TL 350,000 has been increased to TL 6,350,000 through paid-in capital increase with the Board of Directors Decision No. 2025/18 dated 5 May 2025. The Parent Ban k has participated the total of paid -in capital increase in exchange for 6,000,000,000 shares with a nominal value of TL 1 (full amount) amounting to TL 6,000,000 corresponding to its s hare in the capital. (2) Capital of Garanti Portföy Yönetim A.Ş. amounting to TL 50,000 has been increased to TL 100,000 through paid-in capital increase with the Board of Directors Decision No. 2025/5 dated 24 January 2025. (3) Garanti Ödeme ve Elektronik Para Hizmetleri A.Ş. has been included in the scope of consolidation in the prior period. (4) Except for quoted subsidiaries, value increases / (decreases) are based on the results of equity accounting application. Valuation methods of consolidated investments in subsidiaries (*) The amounts recognized in the equity accounting application are included in the unconsolidated financial statement of the Bank. Sectoral distribution of consolidated investments in subsidiaries Current Period Prior Period Banks 46,379,148 30,933,040 Insurance Companies 6,808,683 5,403,794 Factoring Companies 3,892,647 2,596,458 Leasing Companies 21,917,353 11,729,905 Finance Companies - - Other Subsidiaries 39,015,161 27,944,276 Quoted consolidated investments in subsidiaries Current Period Prior Period Quoted at Domestic Stock Exchanges 3,909,917 2,606,959 Quoted at International Stock Exchanges - - Current Period Prior Period Valued at Cost - - Valued at Fair Value (*) 118,012,992 78,607,473
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 98 Other information on consolidated investments in subsidiaries Subsidiaries Address (City/ Country) Parent Bank’s Share – If Different, Voting Rights (%) Shares of Other Consolidated Subsidiaries (%) Method of Consolidation 1 Garanti Finansal Kiralama AŞ. Istanbul/Türkiye 100.00 - Full Consolidation 2 Garanti Faktoring AŞ Istanbul/Türkiye 81.84 - Full Consolidation 3 Garanti Yatırım Menkul Kıymetler AŞ Istanbul/Türkiye 100.00 - Full Consolidation 4 Garanti Portföy Yönetimi AŞ Istanbul/Türkiye 100.00 - Full Consolidation 5 Garanti Emeklilik ve Hayat AŞ Istanbul/Türkiye 84.91 - Full Consolidation 6 Garanti Bank International NV Amsterdam/the Netherlands 100.00 - Full Consolidation 7 Garanti Holding BV Amsterdam/the Netherlands 100.00 - Full Consolidation 8 G Netherlands BV Amsterdam/the Netherlands - 100.00 Full Consolidation 9 Garanti Bank SA Bucharest/Romania - 100.00 Full Consolidation 10 Motoractive IFN SA Bucharest/Romania - 100.00 Full Consolidation 11 Garanti Yatırım Ortaklığı AŞ Istanbul/Türkiye - 3.61 Full Consolidation 12 Garanti Ödeme Sistemleri AŞ Istanbul/Türkiye 100.00 - Full Consolidation 13 Garanti Ödeme ve Elektronik Para Hizmetleri AŞ Istanbul/Türkiye 89.80 100.00 Full Consolidation The financial information presented in the below table is as of 30 September 2025. Total Assets Shareholders’ Equity Total Fixed Assets (*) Interest Income Income on Securities Portfolio Current Period Profit/Loss Prior Period Profit/Loss Company’s Fair Value 1 64,450,078 21,762,818 215,573 5,121,989 - 4,359,428 2,976,897 - 2 28,604,003 4,756,205 175,127 7,377,323 - 1,583,735 1,080,030 - 3 14,560,626 12,736,103 348,727 4,595,122 103,536 3,807,633 3,425,266 - 4 3,191,198 2,788,182 106,484 755,748 - 1,697,019 710,022 - 5 27,455,288 8,018,416 356,522 2,760,441 1,263,216 5,035,163 3,117,844 - 6 535,766,513 46,379,164 2,023,711 25,362,741 640,566 3,865,004 2,732,947 - 7 19,197,949 19,193,800 - - - (3,514) (2,461) - 8 15,440,811 15,434,047 - - - (5,899) (4,340) - 9 187,722,850 21,429,722 4,055,681 5,799,485 1,440,319 741,071 918,374 - 10 11,621,692 2,410,773 67,039 607,396 - 145,871 111,332 - 11 97,611 92,520 2,454 8,557 2,580 8,743 12,631 478,400 12 1,277,387 996,423 46,742 265,152 - 471,532 310,283 - 13 976,552 913,830 336,237 180,166 804 (103,701) (21,137) - (*) Total fixed assets include tangible and intangible assets. Garanti Yatırım Ortaklığı AŞ that Garanti Yatırım participated by 3.61% is consolidated in the accompanying consolidated financial statements under full consolidation method due to the company’s right to elect all the members of the Board of Directors as resulted from its privilege in election of board members. Consolidated investments in subsidiaries disposed during the current period None. Consolidated investments in subsidiaries acquired during the current period None. 5.1.12 Investments in joint-ventures (net) None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 99 5.1.13 Tangible assets Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.14 Intangible assets Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.1.15 Investment property Current Period Prior Period Net Book Value at Beginning of Period 2,416,949 1,590,712 Additions 4,855 - Disposals - (8,375) Transfers (71,525) (63,883) Fair Value Change 479,911 898,495 Net Currency Translation Differences on Foreign Subsidiaries - - Net Book Value at End of Period 2,830,190 2,416,949 The investment property is held for operational leasing purposes. The Bank and its financial subsidiaries account their investment property based on the fair value model in accordance with the Turkish Accounting Standard 40 (TAS 40) “Investment Property”. Accordingly, for all investment properties registered in the ledger, valuation studies are performed by independent expertise firms every year. 5.1.16 Deferred tax asset As of 30 September 2025, on a consolidated basis the Bank has a deferred tax asset of TL 20,102,352 (31 December 2024: TL 20,728,048) calculated as the net amount remaining after netting of tax deductible timing differences and taxable timing differences in its consolidated financial statements. As of 30 September 2025, deferred tax assets of TL 30,495,933 (31 December 202 4: TL 26,350,725) calculated on all taxable temporary differences arising between the carrying amounts and the taxable amounts of assets and liabilities on the financial statements that will be considered in the calculation of taxable earnings in the future, which is presented as netted -off in the accompanying consolidated financial statements, with a deferred tax liability of TL 10,393,581 (31 December 2024: TL 5,622,677). For the cases where the differences between the carrying values and the taxable values of asse ts subject to tax are related with certain items on the shareholders’ equity accounts, the deferred taxes are charged or credited directly to these accounts. Current Period Prior Period Tax Base Deferred Tax Amount Tax Base Deferred Tax Amount Provisions (*) 13,758,207 4,097,026 9,761,815 2,897,336 Stages 1&2 Credit Losses 36,795,586 10,979,923 39,054,837 11,663,118 Differences between the Carrying Values and Taxable Values of Financial Assets (**)(****) (7,169,795) (2,190,683) 3,621,931 1,140,378 Revaluation Differences on Real Estates (***)(****) 8,585,803 2,937,143 4,466,827 1,819,004 Differences Between Book Value and Tax Value of Fixed Assets (***)(****) 8,580,792 2,574,137 5,965,035 1,789,359 Other 5,813,618 1,704,806 4,891,137 1,418,853 Deferred Tax Asset 66,364,211 20,102,352 67,761,582 20,728,048 (*) Consists of reserve for employee benefits, provision for promotion expenses of credit cards and other provisions. (**) Calculations are performed at the relevant tax rates applicable in the country of the foreign branches and subsidiaries’ financial assets. (***) Includes deferred tax assets resulting from inflation adjustments within the scope of the provisions of Provisional Articl e 33. of the Tax Procedure Law. (****) The Deferred tax effect arising from differences between inflatio n-adjusted tax value and book value is included..
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 100 5.1.17 Other assets Current Period Prior Period TL FC TL FC Derivative Assets (Derivative Guarantees) 1,092,327 1,683,809 385,236 1,447,733 Receivables From Clearing Transactions 50,291,384 407,136 43,759,697 965,905 Prepaid Expenses (*) 62,587,866 411,731 41,451,212 263,158 Cash Guarantees Given 428,458 476,891 459,125 289,016 Other (**) 14,242,625 4,735,057 11,360,577 2,472,861 Total 128,642,660 7,714,624 97,415,847 5,438,673 (*) The related item mainly includes salary promotion payments. (**) As of 30 September 2025, the foreign exchange valuation differences amounting to TL 1,126,143 (31 December 2024: TL 586,764) calculated as of the balance sheet date related to the foreign exchange protected deposit accounts opened within the scope of the "Commu niqué on Supporting the Conversion of Turkish Lira Deposit and Participation Accounts" published by the CBRT in the Official Gazette dated 21 December 2021 numbered 31696 are included in other assets.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 101 5.2 Consolidated liabilities 5.2.1 Maturity profile of deposits (*) Includes Interbank precious metal accounts. (**) As of 30 September 2025, the Parent Bank has a total of TL 40,525,314 (31 December 2024: TL 164,989,263) foreign exchange -protected deposit instrument within the scope of the "Communiqué on Supporting the Conversion of Turkish Lira Deposit. Foreign exchange revaluation differences amounting to TL 1,126,143 (31 December 2024: TL 586,764) regarding the foreign exchange-protected deposit instrument calculated as of the balance sheet date and is not the liability of the Parent Bank are included in deposits. Current Period Demand 7 Days Notice Up to 1 Month 1-3 Months 3-6 Months 6-12 Months 1 Year and Over Accumulating Deposit Accounts Total Saving Deposits 155,156,851 - 20,120,981 629,450,352 94,320,948 35,282,436 17,142,039 1,477 951,475,084 Foreign Currency Deposits 672,016,483 - 165,497,723 198,066,861 57,787,861 69,177,756 34,412,652 45,163 1,197,004,499 Residents in Türkiye 494,573,546 - 98,334,661 137,294,751 6,835,154 4,280,604 3,200,422 45,089 744,564,227 Residents in Abroad 177,442,937 - 67,163,062 60,772,110 50,952,707 64,897,152 31,212,230 74 452,440,272 Public Sector Deposits 22,347,265 - 3,028,132 179,691 - 14 4,895 - 25,559,997 Commercial Deposits 88,677,696 - 172,417,762 79,473,555 62,069,290 51,186,333 10,731,379 - 464,556,015 Others 2,165,069 - 3,066,262 12,241,756 3,897,947 6,246,600 17,065,610 - 44,683,244 Precious Metal Deposits 221,857,853 - - 1,241,944 464,655 248,670 734,779 - 224,547,901 Bank Deposits(*) 5,244,807 - 3,032,181 - - - - - 8,276,988 Central Bank of Türkiye 2,855,250 - - - - - - - 2,855,250 Domestic Banks 128,143 - 209,423 - - - - - 337,566 Foreign Banks 2,254,249 - 2,822,758 - - - - - 5,077,007 Special Financial Institutions 7,165 - - - - - - - 7,165 Others - - - - - - - - - Total (**) 1,167,466,024 - 367,163,041 920,654,159 218,540,701 162,141,809 80,091,354 46,640 2,916,103,728 Prior Period Demand 7 Days Notice Up to 1 Month 1-3 Months 3-6 Months 6-12 Months 1 Year and Over Accumulating Deposit Accounts Total Saving Deposits 114,572,171 - 17,216,637 377,608,985 173,929,352 29,315,182 53,818,636 917 766,461,880 Foreign Currency Deposits 500,981,509 - 90,206,523 93,810,521 33,235,620 39,996,453 26,304,377 37,914 784,572,917 Residents in Türkiye 377,822,788 - 53,212,825 47,810,052 6,210,749 4,285,183 1,465,302 37,219 490,844,118 Residents in Abroad 123,158,721 - 36,993,698 46,000,469 27,024,871 35,711,270 24,839,075 695 293,728,799 Public Sector Deposits 16,134,707 - 1,562 202,363 270 12 - - 16,338,914 Commercial Deposits 71,066,735 - 119,013,120 115,692,245 33,756,166 33,309,842 11,026,003 - 383,864,111 Others 2,090,860 - 2,171,150 7,125,842 1,553,591 4,737,052 13,524,658 - 31,203,153 Precious Metal Deposits 112,667,112 - - 285,398 259,547 36,918 665,564 - 113,914,539 Bank Deposits(*) 2,154,923 - 55,794,118 - 10,986 32,101 - - 57,992,128 Central Bank of Türkiye 6,679 - - - - - - - 6,679 Domestic Banks 80,247 - 54,710,347 - - - - - 54,790,594 Foreign Banks 2,041,295 - 1,083,771 - 10,986 32,101 - - 3,168,153 Special Financial Institutions 26,702 - - - - - - - 26,702 Others - - - - - - - - - Total (**) 819,668,017 - 284,403,110 594,725,354 242,745,532 107,427,560 105,339,238 38,831 2,154,347,642
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 102 5.2.1.1 Saving deposits insured by Saving Deposit Insurance Fund Information on deposits covered by deposit insurance and exceeding insurance coverage limit: Saving Deposits Covered by Deposit Insurance Over Deposit Insurance Limit(*) Over Deposit Insurance Limit Current Period Prior Period Current Period Prior Period Saving Deposits 365,269,085 238,200,143 581,240,196 524,525,015 Foreign Currency Saving Deposits 335,789,582 226,913,756 288,243,219 216,940,066 Other Saving Deposits 99,027,654 59,171,175 116,048,889 49,991,980 Foreign Branches’ Deposits Under Foreign Insurance Coverage 4,139,318 3,379,899 4,232,093 3,547,375 Off-Shore Branches’ Deposits Under Foreign Insurance Coverage - - - - Commercial Deposits (**) Covered by Deposit Insurance Over Deposit Insurance Limit(*) Over Deposit Insurance Limit Current Period Prior Period Current Period Prior Period Commercial Deposits 51,407,801 38,946,190 465,360,498 383,784,173 Foreign Currency Commercial Deposits 30,122,472 19,548,870 521,365,038 311,536,548 Other Commercial Deposits 504,418 268,377 8,291,407 4,353,752 Foreign Branches’ Deposits Under Foreign Insurance Coverage - - - - Off-Shore Branches’ Deposits Under Foreign Insurance Coverage - - - - (*) The amount of deposits subject to insurance is TL 950 for the current period (31 December 2024: TL 650). (**) With the regulation published in the Official Gazette dated 27 August 2022 and numbered 31936, commercial deposits were included in the scope of insurance. 5.2.1.2 Saving deposits at domestic branches of foreign banks in Türkiye under the coverage of foreign insurance Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.1.3 Deposits not covered by insurance limits Saving Deposits Current Period Prior Period Deposits and Other Accounts held at Foreign Branches 8,277,730 3,749,339 Deposits and Other Accounts held by Shareholders and their Relatives - - Deposits and Other Accounts of the Chairman and Members of Board of Directors, Chief Executive Officer, Senior Executive Officers and their Relatives 968,703 695,741 Deposits and Other Accounts held as Assets subject to the Crime defined in the Article 282 of the Turkish Criminal Code No. 5237 dated 26 September 2004 - - Deposits at Depository Banks established for Off-Shore Banking Activities in Türkiye - - Commercial Deposits Current Period Prior Period Deposits and Other Accounts held at Foreign Branches 16,932,473 13,850,939 Deposits and Other Accounts held by Main Shareholder with Qualified Shareholders and Corporates Under Their Control 14,992,707 10,573,507 Official Institutions Deposits and Other Accounts 25,563,517 15,932,467 Credit and Financial Institutions Deposits 388,322,122 255,806,791
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 103 5.2.2 Funds borrowed Information on funds borrowed is as follows; Current Period Prior Period TL FC TL FC Central Bank of Türkiye 1,736,933 - 1,500,000 - Domestic Banks and Institutions 6,030,565 7,868,701 2,931,744 6,269,856 Foreign Banks, Institutions and Funds 13,810,044 86,256,627 3,690,923 53,724,250 Total 21,577,542 94,125,328 8,122,667 59,994,106 5.2.2.1 Maturities of funds borrowed Current Period Prior Period TL FC TL FC Short-Term 10,643,473 25,887,131 6,112,840 9,451,929 Medium and Long-Term 10,934,069 68,238,197 2,009,827 50,542,177 Total 21,577,542 94,125,328 8,122,667 59,994,106 5.2.2.2 Disclosures for concentration areas of bank’s liabilities Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.3 Money market funds Information on obligations under repurchase agreements classified in money market funds is as follows; Current Period Prior Period TL FC TL FC Domestic Transactions 26,786,601 32,263,390 687,539 23,869,839 Financial Institutions and Organizations 26,580,222 32,263,390 536,529 23,869,839 Other Institutions and Organizations 88,659 - 84,431 - Individuals 117,720 - 66,579 - Foreign Transactions 42,427,839 25,302,656 11,655,200 8,670,789 Financial Institutions and Organizations 42,427,556 25,302,656 11,653,286 8,670,789 Other Institutions and Organizations - - 1,349 - Individuals 283 - 565 - Total 69,214,440 57,566,046 12,342,739 32,540,628
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 104 5.2.4 Securities issued Current Period TL FC Short-Term Medium and Long-Term Short-Term Medium and Long-Term Nominal 510,269 - 1,807,020 115,215,548 Cost 318,696 - 1,807,020 115,206,401 Carrying Value 485,107 - 1,835,479 117,224,253 Prior Period TL FC Short-Term Medium and Long-Term Short-Term Medium and Long-Term Nominal 12,399 - 11,837,911 15,782,578 Cost 732 - 11,837,911 15,775,860 Carrying Value 732 - 12,052,200 16,056,569 5.2.5 Information about financial liabilities measured at fair value through profit or loss Current Period Prior Period TL FC TL FC Securities Issued - 66,667,166 - 57,223,084 Total - 66,667,166 - 57,223,084 In accordance with TFRS 9, the Parent Bank classified a part of borrowings obtained through DPR amounting to USD 1,518,437,500 (31 December 2024: USD 1,573,750,000) as financial liability at fair value through profit/loss at the initial recognition in order to eliminate the accounting mismatch. As of 30 September 2025, the accumulated fair value change of the related financial liability amounted to TL (1,743,101) (31 December 202 4: TL (1,267,178)) and the corresponding gain/loss recognised in the statement of profit/loss amounted to TL (475,923) (30 September 2024: TL (1,437,244) ). The carrying value of the related financial liability amounted to TL 66,667,166 (31 December 2024: TL 57,223,084). 5.2.6 Derivative financial liabilities 5.2.6.1 Negative differences on derivative financial liabilities measured at FVTPL Information on negative differences on derivative financial liabilities measured at FVTPL classified in derivative financial liabilities is as follows; Current Period Prior Period TL FC TL FC Forward Transaction 937,992 75,927 1,019,168 77,858 Swap Transactions 9,319,825 4,642,362 8,494,470 3,688,746 Futures - 1,427 201 - Options 364,992 162,017 434,417 60,339 Others - 7,926 - 824 Total 10,622,809 4,889,659 9,948,256 3,827,767
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 105 5.2.6.2 Derivative financial liabilities held for hedging purpose Information on negative differences on derivative financial liabilities held for hedging purposes classified in derivative financial liabilities is as follows; Derivative Financial Liabilities Held for Hedging Purpose Current Period Prior Period TL FC TL FC Fair Value Hedges - 250,379 - 188,119 Cash Flow Hedges 234,881 322,002 527,240 632,565 Net Foreign Investment Hedges - - - - Total 234,881 572,381 527,240 820,684 Please refer to Note 5.1.4.2 for financial liabilities resulted from derivatives held for hedging purpose. 5.2.7 Factoring payables Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.8 Lease payables 5.2.8.1 Operational and financial lease agreements Current Period Prior Period Gross Net Gross Net Less than 1 Year 2,898,412 1,878,293 1,435,365 946,465 Between 1-5 Years 5,070,340 3,337,176 2,414,460 1,619,991 Longer than 5 Years 959,005 597,279 621,850 382,836 Total 8,927,757 5,812,748 4,471,675 2,949,292 As of 30 September 2025, the weighted average of the incremental borrowing interest rates applied to TL, EUR, USD and RON lease liabilities presented in the statement of financial position of the Group are 33.6%, 3.3%, 3.1% and 3.7% (31 December 2024: 34.2%, 3.0%, 2.9% and 3.7%), respectively. 5.2.9 Provisions 5.2.9.1 Reserve for employee severance indemnity Current Period Prior Period Balances at Beginning of Period 2,915,185 2,349,462 Expenses During the Period 912,323 950,132 Actuarial Gain/Loss - 33,185 Reversals During the Period (174,302) (417,594) Balances at End of Period 3,653,206 2,915,185 5.2.9.2 Provisions for foreign exchange differences on foreign currency indexed loans and financial lease receivables None. 5.2.9.3 Expected credit losses (Stage 3) for non-cash loans that are not indemnified or converted into cash Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 106 5.2.9.4 Other provisions Current Period Prior Period Reserve for Employee Benefits 9,528,733 8,143,233 Insurance Technical Provisions, Net 13,289,424 7,656,033 Provision for Promotion Expenses of Credit Cards 4,182,112 1,513,213 Provision for Lawsuits 1,032,170 776,169 Provision for Non-Cash Loans 9,325,294 7,650,271 Other Provisions 531,737 708,308 Total 37,889,470 26,447,227 Recognized Liability for Defined Benefit Plan Obligations The Bank obtained an actuarial report dated 31 December 2024 from an independent actuary reflecting the principles and procedures on determining the application of transfer transactions in accordance with the Law and it is determined that the assets of the Plan are above the amount that will be required to be paid to transfer the obligation and the asset surplus amounts to TL 22,436,684 at 31 December 2024 as details are given in the table below. Furthermore, an actuarial report was prepa red as of 31 December 2024 as per the requirements of the Law explained in Note 3.17, the accounting policies related with “employee benefits” for the benefits transferable to the SSF and other benefits not transferable to the SSF and arising from other social rights and payments covered by the existing trust indenture of the Fund an d medical benefits provided for employees. Based on the actuary’s report, the asset surplus over the fair value of the plan assets to be used for the payment of the obligations also fully covers the benefits not transferable and still a surplus of TL 4,516,257 remains as of 31 December 2024 as details are given in the table below. 31.12.2024 31.12.2023 Transferable Pension and Medical Benefits: Net present value of pension benefits transferable to SSF (21,854,813) (10,106,552) Net present value of medical benefits and health premiums transferable to SSF 8,500,676 4,156,378 General administrative expenses (690,987) (361,006) Present Value of Pension and Medical Benefits Transferable to SSF (1) (14,045,124) (6,311,180) Fair Value of Plan Assets (2) 36,481,808 23,155,630 Asset Surplus over Transferable Benefits ((2)-(1)=(3)) 22,436,684 16,844,450 Non-Transferable Benefits: Other pension benefits (9,104,789) (5,440,430) Other medical benefits (8,815,638) (6,413,552) Total Non-Transferable Benefits (4) (17,920,427) (11,853,982) Asset Surplus over Total Benefits ((3)-(4)) 4,516,257 4,990,468 Movement of recognized liability for asset shortage over the Bank’s defined benefit plan: Current Period Prior Period Balance at Beginning of Period - - Actual contributions paid during the period (1,448,492) (1,417,697) Total expense recognized in the income statement 260,561 263,232 Amount recognized in the shareholders’ equity 1,187,931 1,154,465 Balance at End of Period - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 107 The major actuarial assumptions used in the calculation of other benefits not transferable to SSF are as follows: 31.12.2024 31.12.2023 % % Discount Rate (*) 31.02 25.60 Inflation Rate (*) 26.30 21.94 Estimated Real Salary/Limit Increase Rate 1.50 1.50 Medical Cost Trend Rate 30.50 26.14 Future Pension Increase Rate (*) 26.30 21.94 (*) The above rates are effective rates, whereas the rates applied for the calculation differ according to the employees’ years in service. The sensitivity analysis of defined benefit obligation of excess liabilities and retirement indemnities of the Parent Bank are as follows: Defined Benefit Obligation Pension Benefits Effect Medical Benefits Effect Overall Effect Assumption change % % % Discount Rate +0.5% (5.80) (7.10) (7.90) Discount Rate -0.5% 6.60 8.00 9.10 Medical Inflation +0.5% - 8.10 8.10 Medical Inflation -0.5% - (7.20) (7.20) Retirement Indemnities Sensitivity of Past Service Liability Sensitivity of Normal Cost Assumption change % % Discount Rate +0.5% (6.30) (7.30) Discount Rate -0.5% 6.80 8.00 Inflation Rate +0.5% 7.00 (3.70) Inflation Rate -0.5% (6.50) 8.20 5.2.10 Tax liability 5.2.10.1 Current tax liability 5.2.10.1.1 Tax liability As of 30 September 2025, the corporate tax liability amounts to TL 5,156,229 (31 December 202 4: TL 9,155,089) after offsetting with prepaid taxes. If the differences arising between the book value and the tax base value of the assets subject to the current tax liability are related to the shareholders’ equity account group, the current tax asset or liability is netted off by the relevant accounts in this group. As of 30 September 2025, TL 24,483,585 (31 December 2024: TL 29,929,461) of total current per iod tax expense amounting to TL 27,344,700 (31 December 2024: TL 32,962,532) has been classified in the statement of profit or loss and TL (2,861,115) (31 December 2024: TL (3,033,071)) has been classified in equity. 5.2.10.1.2 Taxes payable Current Period Prior Period Corporate Taxes Payable 5,156,229 9,155,089 Taxation on Securities Income 9,021,172 3,608,101 Taxation on Real Estates Income 27,645 20,300 Banking Insurance Transaction Tax 5,293,363 4,408,473 Foreign Exchange Transaction Tax 135,040 59,424 Value Added Tax Payable 409,844 362,776 Others 1,299,877 1,031,785 Total 21,343,170 18,645,948
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 108 5.2.10.1.3 Premiums payable Current Period Prior Period Social Security Premiums-Employees 60,012 44,569 Social Security Premiums-Employer 50,566 33,831 Bank Pension Fund Premium-Employees 446 430 Bank Pension Fund Premium-Employer 448 559 Pension Fund Membership Fees and Provisions-Employees - - Pension Fund Membership Fees and Provisions-Employer - - Unemployment Insurance-Employees 22,602 15,588 Unemployment Insurance-Employer 53,510 38,319 Others 1,135 424 Total 188,719 133,720 5.2.10.2 Deferred tax liability As of 30 September 2025, the deferred tax liability amounts to TL 206,063 (31 December 2024: TL 186,841). 5.2.11 Liabilities for assets held for sale and assets of discontinued operations Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.12 Subordinated debts Not prepared in compliance with the Article 25 of the Communiqué “Fi nancial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.2.13 Other liabilities Current Period Prior Period TL FC TL FC Payables From Credit Card Transactions 148,898,648 1,489,127 109,815,357 878,879 Payables From Clearing Transactions 59,511,762 40,241 40,429,442 840,019 Other 22,080,857 23,079,890 19,233,429 14,736,210 Total 230,491,267 24,609,258 169,478,228 16,455,108 5.2.14 Shareholders’ equity 5.2.14.1 Paid-in capital Current Period Prior Period Common Shares 4,200,000 4,200,000 Preference Shares - - 5.2.14.2 Registered share capital system Capital System Paid-in Capital Ceiling per Registered Share Capital Registered Shares 4,200,000 25,000,000 5.2.14.3 Capital increases in current period None. 5.2.14.4 Capital increases from capital reserves in current period None. 5.2.14.5 Capital commitments for current and future financial periods None. 5.2.14.6 Possible effect of estimations made for the Parent Bank’s revenues, profitability and liquidity on equity considering prior period indicators and uncertainties None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 109 5.2.14.7 Information on privileges given to stocks representing the capital None. 5.2.14.8 Securities value increase fund Information on securities value increase fund classified as a part of income/expenses from valuation and/or reclassification of financial assets measured at FVOCI in the statement of changes in shareholders’ equity, is as follows; Current Period Prior Period TL FC TL FC Investments in Associates, Subsidiaries and Joint-Ventures - - - - Valuation Difference - - - - Exchange Rate Difference - - - - Financial Assets Measured at Fair Value through Other Comprehensive Income (1,208,548) 2,141,100 (23,492) 715,646 Valuation Difference (2,617,170) 2,141,100 (1,054,977) 715,646 Exchange Rate Difference 1,408,622 - 1,031,485 - Total (1,208,548) 2,141,100 (23,492) 715,646 5.2.14.9 Other Comprehensive Income/Expense Items not to be Recycled to Profit or Loss Current Period Prior Period TL FC TL FC Securities 1,720,244 1,349,090 1,398,568 767,944 Real Estates 29,120,569 519,109 25,261,265 381,386 Defined Benefit Plans' Actuarial Gains/Losses (3,657,424) - (2,825,872) - Other - - - - Total 27,183,389 1,868,199 23,833,961 1,149,330 5.2.14.10 Bonus shares of associates, subsidiaries and joint-ventures Current Period Prior Period İhracatı Geliştirme A.Ş. 73,422 36,704 Bankalararası Kart Merkezi A.Ş. 5,782 5,782 JCR Avrasya Derecelendirme A.Ş. 2,827 2,827 Yatırım Finansman Menkul Değerler AŞ 2,602 9 Yeni Gimat Gayrimenkul Yatırım Ortaklığı A.Ş. 860 860 Kömür İşletmeleri A.Ş. 745 745 Kredi Kayıt Bürosu A.Ş. 481 481 Dati Yatırım Holding A.Ş. 148 148 Doğuş Gayrimenkul Yatırım Ortaklığı A.Ş. 22 22 Total 86,889 47,578 5.2.14.11 Legal reserves Current Period Prior Period I. Legal Reserve 2,272,985 1,917,654 II. Legal Reserve 5,217,800 3,395,300 Special Reserves 116,231 85,362 Total 7,607,016 5,398,316
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 110 5.2.14.12 Extraordinary and other profit reserves Current Period Prior Period Legal Reserves allocated in compliance with the Decisions Made on the Annual General Assembly 253,392,473 182,535,258 5.2.14.13 Minority interest Current Period Prior Period Balance at Beginning of Period 1,620,169 920,327 Profit Share of Subsidiaries Net Profits 1,055,610 935,750 Prior Period Dividend Payment (528,035) (241,387) Increase/(Decrease) in Minority Interest due to Sales - - Others 18,004 5,479 Balance at End of Period 2,165,748 1,620,169
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 111 5.3 Consolidated off-balance sheet items 5.3.1 Off-balance sheet contingencies 5.3.1.1 Irrevocable credit commitments The Bank and its consolidated financial subsidiaries have term asset purc hase and sale commitments of TL 194,149,455 (31 December 2024: TL 71,218,325), commitments for cheque payments of TL 20,424,774 (31 December 2024: TL 14,208,207) and commitments for credit card limits of TL 1,699,123,748 (31 December 2024: TL 1,106,975,371). 5.3.1.2 Possible losses and commitments resulted from off-balance sheet items Current Period Prior Period Letters of Guarantee in Foreign Currency 250,411,074 170,290,959 Letters of Guarantee in TL 422,625,417 311,772,179 Letters of Credit 95,911,189 58,671,180 Bills of Exchange and Acceptances 11,142,766 8,433,493 Endorsements 32,801,900 19,617,000 Other Guarantees 4,540,939 3,539,092 Total 817,433,285 572,323,903 Expected losses for non-cash loans and irrevocable commitments Current Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 2,628,100 2,652,026 2,370,145 7,650,271 Additions during the Period (+) 3,864,543 4,303,895 543,131 8,711,569 Disposal (-) (4,511,403) (3,004,034) (299,045) (7,814,482) Sales - - - - Write-off - - - - Transfer to Stage 1 2,259,689 (2,211,705) (47,984) - Transfer to Stage 2 (915,230) 919,073 (3,843) - Transfer to Stage 3 (2,298) (140,751) 143,049 - Foreign Currency Differences 142,102 171,507 464,327 777,936 Balances at End of Period 3,465,503 2,690,011 3,169,780 9,325,294 Prior Period Stage 1 Stage 2 Stage 3 Total Balances at Beginning of Period 2,020,918 4,811,362 3,451,985 10,284,265 Additions during the Period (+) 4,226,833 4,502,917 406,486 9,136,236 Disposal (-) (6,473,378) (4,285,771) (1,867,180) (12,626,329) Sales - - - - Write-off - - - - Transfer to Stage 1 3,383,932 (3,375,617) (8,315) - Transfer to Stage 2 (592,568) 688,251 (95,683) - Transfer to Stage 3 (6,969) (76,728) 83,697 - Foreign Currency Differences 69,332 387,612 399,155 856,099 Balances at End of Period 2,628,100 2,652,026 2,370,145 7,650,271 Lifetime expected credit loss (Stage 3) of TL 5,990,460 (31 December 202 4: TL 4,256,973) is made for unliquidated non-cash loans of TL 3,169,780 (31 December 202 4: TL 2,370,145) recorded under the off - balance sheet items. The detailed information for commitments, guarantees and sureties are provided under the statement of “off- balance sheet items”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 112 5.3.1.3 Non-cash loans Current Period Prior Period Non-Cash Loans against Cash Risks 180,353,520 117,960,544 With Original Maturity of 1 Year or Less 43,098,271 17,030,679 With Original Maturity of More Than 1 Year 137,255,249 100,929,865 Other Non-Cash Loans 637,079,765 454,363,359 Total 817,433,285 572,323,903 5.3.1.4 Other information on non-cash loans Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.1.5 Non-cash loans classified under Stage I and II: Not prepared in compliance with the Article 25 of the Communiqué “Financial State ments and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.2 Financial derivative instruments Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.3 Credit derivatives and risk exposures on credit derivatives Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.4 Contingent liabilities and assets Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.3.5 Services rendered on behalf of third parties Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 113 5.4 Consolidated statement of profit or loss 5.4.1 Interest income 5.4.1.1 Interest income from loans (*) Current Period Prior Period TL FC TL FC Interest Income from Loans Short-term loans 220,375,597 18,743,556 171,243,072 14,470,907 Medium and long-term loans 141,279,784 23,537,298 70,581,959 18,467,375 Loans under follow-up 5,956,071 79,724 2,163,301 80,112 Interest Received from Resource Utilization S Support Fund - - - - Total 367,611,452 42,360,578 243,988,332 33,018,394 (*) Includes also fees and commissions income on cash loans. 5.4.1.2 Interest income from banks Current Period Prior Period TL FC TL FC Central Bank of Türkiye 19,688,934 - 1,711,149 39,980 Domestic Banks 6,725,166 11,629 2,028,297 1,842 Foreign Banks 380,937 3,429,950 23,031 3,780,293 Foreign Head Offices and Branches - - - - Total 26,795,037 3,441,579 3,762,477 3,822,115 5.4.1.3 Interest income from securities portfolio Current Period Prior Period TL FC TL FC Financial Assets Measured at Fair Value through Profit or Loss 1,020,883 173,945 613,538 140,508 Financial Assets Measured at Fair Value through Other Comprehensive Income 23,598,215 2,458,417 18,102,638 1,654,946 Financial Assets Measured at Amortised Cost 32,197,915 4,476,843 34,544,910 3,595,764 Total 56,817,013 7,109,205 53,261,086 5,391,218 As disclosed in the accounting policies, the Bank values the CPI indexed government bonds in the securities portfolio according to the reference index at the issue date and the index calculated according to the expected inflation rate. The inflation rate used in the valuation is updated during the year when deemed necessary. As of 30 September 2025, the valuation of such securities has been calculated according to the annual inflation forecast of 30%. In case the CPI forecast increases or decreases by 1%, profit before taxes as of 30 September 2025 will increase or decrease by approximately TL 688,342. 5.4.1.4 Interest income received from associates and subsidiaries Current Period Prior Period Interest Received from Investments in Associates and Subsidiaries 2,633,586 2,488,517
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 114 5.4.2 Interest expenses 5.4.2.1 Interest expenses on funds borrowed (*) Current Period Prior Period TL FC TL FC Banks 2,904,891 2,748,634 1,579,332 2,359,986 Central Bank of Türkiye 337,775 - - - Domestic Banks 1,015,951 320,486 1,084,931 366,506 Foreign Banks 1,551,165 2,428,148 494,401 1,993,480 Foreign Head Offices and Branches - - - - Other Institutions - 3,758,772 - 3,832,753 Total 2,904,891 6,507,406 1,579,332 6,192,739 (*) Also includes fees and commissions expenses on borrowings. 5.4.2.2 Interest expenses paid to associates and subsidiaries Current Period Prior Period Interest Paid to Investments in Associates and Subsidiaries 478,630 78,641 5.4.2.3 Interest expenses on securities issued Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 115 5.4.2.4 Maturity structure of interest expense on deposits Current Period Demand Deposits Time Deposits Up to 1 Month 1-3 Months 3-6 Months 6-12 Months Over 1 Year Accumulating Deposit Accounts Total Turkish Lira Bank Deposits 3,856 7,402,860 - - - - - 7,406,716 Saving Deposits 13,703 4,007,303 169,006,169 40,126,966 9,795,014 7,442,013 - 230,391,168 Public Sector Deposits - 187,336 79,199 53 2 996 - 267,586 Commercial Deposits 1,125 49,491,416 33,528,122 12,130,347 15,310,386 2,313,164 - 112,774,560 Others - 671,200 3,134,551 477,625 1,290,263 4,878,095 - 10,451,734 “7 Days Notice” Deposits - - - - - - - - Total TL 18,684 61,760,115 205,748,041 52,734,991 26,395,665 14,634,268 - 361,291,764 Foreign Currency Foreign Currency Deposits 1,614,392 3,203,909 3,044,375 1,389,017 1,040,964 469,673 98 10,762,428 Bank Deposits 13,647 178,871 48,885 9,893 7 - - 251,303 “7 Days Notice” Deposits - - - - - - - - Precious Metal Deposits - - 541 136 555 3,086 - 4,318 Total FC 1,628,039 3,382,780 3,093,801 1,399,046 1,041,526 472,759 98 11,018,049 Grand Total 1,646,723 65,142,895 208,841,842 54,134,037 27,437,191 15,107,027 98 372,309,813 Prior Period Demand Deposits Time Deposits Up to 1 Month 1-3 Months 3-6 Months 6-12 Months Over 1 Year Accumulating Deposit Accounts Total Turkish Lira Bank Deposits 2,197 2,304,921 - 662 - - - 2,307,780 Saving Deposits 10,407 2,463,837 68,388,934 51,246,425 43,065,653 17,161,328 - 182,336,584 Public Sector Deposits - 5,281 20,486 15,805 1 51,908 - 93,481 Commercial Deposits 3,128 22,847,549 15,477,869 9,769,328 10,937,645 5,730,589 - 64,766,108 Others - 329,661 1,298,696 496,970 550,208 2,846,493 - 5,522,028 “7 Days Notice” Deposits - - - - - - - - Total TL 15,732 27,951,249 85,185,985 61,529,190 54,553,507 25,790,318 - 255,025,981 Foreign Currency Foreign Currency Deposits 1,030,423 2,761,868 1,129,904 801,985 485,493 146,110 136 6,355,919 Bank Deposits 5,353 16,769 14 185 1,201 14 - 23,536 “7 Days Notice” Deposits - - - - - - - - Precious Metal Deposits - - - - - 87 - 87 Total FC 1,035,776 2,778,637 1,129,918 802,170 486,694 146,211 136 6,379,542 Grand Total 1,051,508 30,729,886 86,315,903 62,331,360 55,040,201 25,936,529 136 261,405,523
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 116 5.4.2.5 Interest expense on money market transactions Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.2.6 Lease expenses Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.2.7 Interest expenses on factoring payables Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.3 Dividend income Not prepared in compliance with the Arti cle 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.4 Trading income/losses (net) Current Period Prior Period Income 688,590,245 448,850,699 Trading Account Income 5,429,211 2,800,449 Derivative Financial Instruments 53,076,001 37,035,449 Foreign Exchange Gains 630,085,033 409,014,801 Losses (-) 688,428,425 443,348,790 Trading Account Losses 4,426,038 2,995,579 Derivative Financial Instruments 63,646,372 56,114,359 Foreign Exchange Losses 620,356,015 384,238,852 Total 161,820 5,501,909 TL 10,125,680 (30 September 2024: TL 5,010,486) of foreign exchange gains and TL 13,683,754 (30 September 2024: TL 3,632,308) of foreign exchange losses are resulted from the exchange rate changes of derivative transactions. 5.4.5 Other operating income The items under “other operating income” generally consists of collection or reversals of prior year expected credit losses, banking services related costs recharged to customers and income on custody services. Current Period Prior Period Prior Year Reversals 31,709,286 26,261,428 Stage 1 Provisions 12,066,459 9,355,585 Stage 2 Provisions 12,094,506 9,636,571 Stage 3 Provisions 6,499,826 6,556,194 Others 1,048,495 713,078 Income from term sale of assets 1,285,249 1,103,144 Others (*)(**) 20,072,698 9,157,175 Total 53,067,233 36,521,747 (*) Premium income from insurance business amounting to TL 14,952,333 (30 September 2024: TL 6,523,578) which is included in other operating income in the accompanying financial statements is presented in “Others” line item. (**) As of 30 September 2025, the collection amounting to TL 2,563,979 (30 September 2024: TL 344,688) has been performed from written-down loans.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 117 5.4.6 Expected credit losses and other provisions Current Period Prior Period Expected Credit Losses 60,181,579 40,001,044 12-Month ECL (Stage 1) 9,182,524 8,614,870 Significant Increase in Credit Risk (Stage 2) 17,254,547 14,629,809 Impaired Credits (Stage 3) 33,744,508 16,756,365 Other Provisions 256,525 188,349 Impairment Losses on Securities - - Financial Assets Measured at Fair Value through Profit or Loss - - Financial Assets Measured at Fair Value through Other Comprehensive Income - - Impairment Losses on Associates, Subsidiaries and Joint-ventures - 10,367 Associates - 10,367 Subsidiaries - - Joint-ventures (business partnership) - - Others 256,525 177,982 Total 60,438,104 40,189,393 5.4.7 Other operating expenses Current Period Prior Period Reserve for Employee Termination Benefits 912,323 635,564 Defined Benefit Plan Obligations - - Impairment Losses on Tangible Assets - 809 Depreciation Expenses of Tangible Assets 2,287,709 1,315,013 Impairment Losses on Intangible Assets 128 - Impairment Losses on Goodwill - - Amortisation Expenses of Intangible Assets 1,306,693 572,754 Decrease in Value of Equity Accounting Shares - - Impairment Losses on Assets to be Disposed - 1,161 Depreciation Expenses of Right-of-use Assets 1,079,505 743,154 Impairment Losses on Assets Held for Sale and Discontinued Assets 8,187 21 Other Operating Expenses 54,403,025 30,071,461 Operational Lease related Expenses (*) 632,709 406,831 Repair and maintenance expenses 804,595 519,776 Advertisement expenses 4,752,158 2,059,037 Other expenses 48,213,563 27,085,817 Loss on Sale of Assets 800,188 188,192 Others (**) 20,038,035 11,003,240 Total 80,835,793 44,531,369 (*) Includes lease related expenses out of the scope of TFRS 16. (**) Includes Saving Deposits Insurance Fund related expenses of TL 3,829,261 (30 September 2024: TL 2,685,388) and insurance- business claim losses of TL 7,430,189 (30 September 2024: TL 2,799,962) in the current period. 5.4.8 Information on profit/loss before taxes from continued and discontinued operations Not prepared in compliance with the Article 25 of the C ommuniqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 118 5.4.9 Information on provision for taxes for continued and discontinued operations For the period ended 30 September 2025, on a consolidated basis, the Bank recorded a current tax expense of TL 27,344,700 (30 September 2024: TL 22,695,585) and a deferred tax income of TL 1,530,744 (30 September 2024: TL 1,108,507). There is no amount from discontinued operations. Deferred tax benefit/charge on timing differences Deferred tax (benefit)/charge on timing differences Current Period Prior Period Increase in Tax Deductible Timing Differences (+) (4,954,244) (3,649,289) Decrease in Tax Deductible Timing Differences (-) 1,657,986 634,391 Increase in Taxable Timing Differences (-) 5,182,463 2,020,914 Decrease in Taxable Timing Differences (+) (355,461) (114,523) Total 1,530,744 (1,108,507) Deferred tax benefit/charge in the income statement arising on timing differences, tax losses and tax deductions and exemptions Deferred tax (benefit)/charge arising on timing differences, tax losses and tax deductions and exemptions Current Period Prior Period (Increase)/Decrease in Tax Deductible Timing Differences (net) (3,296,258) (3,014,898) (Increase)/Decrease in Taxable Timing Differences (net) 4,827,002 1,906,391 (Increase)/Decrease in Tax Losses (net) - - (Increase)/Decrease in Tax Deductions and Exemptions (net) - - Total 1,530,744 (1,108,507) 5.4.10 Net operating profit/loss after taxes including net profit/loss from discontinued operations Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.4.11 Net profit/loss 5.4.11.1 Any further explanation on operating results needed for better understanding of bank’s performance None. 5.4.11.2 Any changes in estimations that might have a material effect on current and subsequent period results None. 5.4.11.3 Minority interest’s profit/loss Current Period Prior Period Net Profit/(Loss) of Minority Interest 1,055,610 678,694 5.4.12 Components of other items in income statement The items in others under “Fees and commissions received” and “Fees and commissions paid” in the consolidated income statement include mainly fees and commissions related with credit card transactions and other banking services. 5.5 Consolidated statement of changes in shareholders’ equity Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. 5.6 Consolidated statement of cash flows Not prepared in compliance with the Article 25 of the Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 119 5.7 Related party risks 5.7.1 Transactions with Parent Bank’s risk group; 5.7.1.1 Loans and other receivables Current Period Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Loans and Other Receivables Cash Non-cash Cash Non-cash Cash Non-cash Balance at beginning of period 15,783,416 752,580 256,834 4,004,845 300,178 21,959 Balance at end of period 21,883,092 1,110,491 1,320,874 4,090,016 176,816 82,323 Interest and Commission Income 2,676,851 37 11,658 - 14,370 - Prior Period Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Loans and Other Receivables Cash Non-cash Cash Non-cash Cash Non-cash Balance at beginning of period 5,132,114 73,259 636,221 3,877,104 323,370 20,995 Balance at end of period 15,783,416 752,580 256,834 4,004,845 300,178 21,959 Interest and Commission Income 2,490,673 9 1,662 - 23,378 - 5.7.1.2 Deposits Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Deposits Current Period Prior Period Current Period Prior Period Current Period Prior Period Balance at beginning of period 813,736 553,605 68,988 183,626 18,390,219 10,504,227 Balance at end of period 2,071,868 813,736 532,908 68,988 20,802,499 18,390,219 Interest Expenses 478,630 78,641 3,766 2,395 5,565,396 3,754,067 5.7.1.3 Derivative transactions Bank’s Risk Group Associates, Subsidiaries and Joint-Ventures Bank’s Direct and Indirect Shareholders Other Components in Risk Group Current Period Prior Period Current Period Prior Period Current Period Prior Period Transactions at Fair Value Through Profit/(Loss) Balance at beginning of period 11,210,436 12,009,441 149,843,168 76,674,283 429,005 - Balance at end of period 8,805,416 11,210,436 122,298,135 149,843,168 - 429,005 Total Profit/(Loss) (446,154) (132,978) (264,970) 267,258 6,433 66 Transactions for Hedging Balance at beginning of period - - - - - - Balance at end of period - - - - - - Total Profit/(Loss) - - 664 504 - -
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 120 5.7.2 Bank’s risk group 5.7.2.1 Relations with companies in risk group of/or controlled by the Bank regardless of nature of current transactions Transactions with the risk group, are held under arm’s -length conditions; terms are set according to the market conditions and in compliance with the Banking Law. The Bank’s policy is to keep the balances and transaction volumes with the risk group at reasonable levels preventing any high concentration risk on balance sheet. 5.7.2.2 Concentration of transaction volumes and balances with risk group and pricing policy The cash loans of the risk group amounting TL 5,776,012 (31 December 2024: TL 7,957,714) compose 0.23% (31 December 202 4: 0.45%) of the Bank’s total consolidated cash loans and 0.14% (31 December 2024: 0.27%) of the Bank’s total consolidated assets. The total loans and similar receivables amounting TL 23,380,782 (31 December 2024: TL 16,340,428) compose 0.56% (31 December 2024: 0.54%) of the Bank’s total consolidated assets. The non-cash loans of the risk group amounting TL 5,282,830 (31 December 2024: TL 4,779,384) compose 0.65% (31 December 2024: 0.84%) of the Bank’s total consolidated non-cash loans TL 23,407,275 (31 December 202 4: TL 19,272,942) compose 0.80% (31 December 202 4: 0.89%) of the Bank’s total consolidated deposits. There are no funds borrowed by the Bank and its consolidated financial subsidiaries from their risk group of the Bank’s total consolidated funds borrowed. The pricing in transactions with the risk group companies is set on an arm’s-length basis. A total rent income of TL 5,721 (30 September 2024: TL 3,998) was recognized for the real estates rented to the related parties. Other income of TL 94,400 (30 September 2024: TL 30,357) for the IT services rendered and banking services fee income of TL 40,907 (30 September 2024: TL 30,329) were recognized from the related parties. Operating expenses of TL 554,634 (30 September 2024: TL 81,252) for operational leasing services rendered by the related parties were recognized as expenses. Including the payments related to resigners, the net payment provided or to be provided to the key management of the Bank and its consolidated financial subsidiaries amounts to TL 802,810 of 30 September 2025 (30 September 2024: TL 610,073). 5.7.2.3 Other matters not required to be disclosed None. 5.7.2.4 Transactions accounted for under equity method None. 5.7.2.5 All kind of agreements signed like asset purchases/sales, service rendering, agencies, leasing, research 5.8 5.9 and development, licenses, funding, guarantees, management services The Bank has agency contracts with Garanti Yatırım Menkul Kıymetler AŞ and Garanti Emeklilik ve Hayat AŞ. Accordingly, all the branches of the Bank serve as agencies to sell the insurance products to customers. Agency services for trading of securities on behalf of the Bank’s customers are rendered by specialized branches (Investment Centers). Purchase of equipment for internal use are partly arranged through leasing. Domestic, foreign and off-shore branches or equity investments, and foreign representative offices of Parent Bank Not prepar ed in compliance with the Article 25 of t he Communiqué “Financial Statements and Related Disclosures and Footnotes to be Announced to Public by Banks”. Matters arising subsequent to the balance sheet date As of 7 October 2025, the parent Bank has completed the sale of the issuance of subordinated notes with 15 April 2036 maturity date and the nominal value of USD 700,000,000. It was resolved by the Parent Bank’s Board of Directors that the existing capital of Garanti Bank International N.V., established in the Netherlands and a fully owned subsidiary of the Parent Bank, be increased with an amount of EUR 250,000,000. Consequently, the capital increase payment has been made.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 121 5.10 Other disclosures on activities 5.10.1 Information on international risk ratings 5.10.1.1 Parent Bank’s international risk ratings MOODY’S (July 2025) Outlook Stable Long-Term FC Deposit Ba2(Positive) Long-Term TL Deposit Ba2(Positive) Short-Term FC Deposit Not Prime Short-Term TL Deposit Not Prime Baseline Credit Assessment - BCA ba3 Adjusted BCA Ba2 Senior Unsecured Rating (Regular Bond) B1 (hyb) Senior Unsecured Rating (Medium-Term Note Program) (P) Ba2 National Scale Rating (NSR) Long Term Deposit Aaa.tr National Scale Rating (NSR) Short Term TR-1 FITCH RATINGS (May 2025) Long-Term FC BB- / (Stable Outlook) Short-Term FC B Long-Term TL BB- / (Stable Outlook) Short-Term TL B Viability Rating bb- Shareholder Support bb- Long term senior unsecured notes BB- Short term senior unsecured notes B Subordinated notes B+ JCR EURASIA RATINGS (September 2025) Long-Term National AAA (tr) Stable Outlook Short-Term National J1+ (tr) / Stable Outlook Long-Term International FC BBB- / Stable Outlook Short-Term NSR BBB / Stable Outlook
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 122 5.10.1.2 International risk ratings of Garanti Bank International NV, a consolidated subsidiary MOODY’S (October 2025) (*) Long-Term FC Deposit Baa1 Short-Term FC Deposit P-2 Baseline Credit Assessment ba1 Adjusted Baseline Credit Assessment baa3 Outlook Positive Long-Term Counterparty Risk Assessment A3(cr) Short-Term Counterparty Risk Assessment P-2(cr) Long-Term Counterparty Risk Rating A3 Short-Term Counterparty Risk Rating P-2 (*) Latest date in risk ratings or outlooks 5.10.1.3 International risk ratings of Garanti Faktoring, a consolidated subsidiary FITCH RATINGS (February 2025) (*) Foreign Currency Long-Term BB- Short-Term B Outlook Stable Turkish Lira Long-Term BB- Short-Term B Outlook Stable National AA (tur) Outlook Stable Support - Shareholder Support Ratings bb- (*) Latest date in risk ratings or outlooks 5.10.1.4 International risk ratings of Garanti Leasing, a consolidated subsidiary FITCH RATINGS (February 2025) (*) Foreign Currency Long-Term BB- Short-Term B Outlook Stable Turkish Lira Long-Term BB- Short-Term B Outlook Stable National AA (tur) Outlook Stable Support - Shareholder Support Ratings bb- (*) Latest date in risk ratings or outlooks
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 123 5.10.1.5 International risk ratings of Garanti Bank SA, a consolidated subsidiary FITCH RATINGS (March 2025) (*) (*) Latest date in risk ratings or outlooks 5.10.1.6 International risk ratings of Garanti Yatırım Menkul Kıymetler A.Ş. , a consolidated subsidiary JCR EURASIA RATINGS (May 2025) (*) (*) Latest date in risk ratings or outlooks 5.10.2 Dividends As per the decision made at the annual general assembly of shareholders of the Parent Bank on 27 March 2025, the distribution of the net profit of the year 2024, was as follows; 2024 PROFIT DISTRIBUTION TABLE 2024 Net Profit 92,174,994 A- I. Legal reserve (Turkish Commercial Code 519/1) at 5% Undistributable funds (13,856) B- First dividend at 5% of the paid-in capital (210,000) C- Extraordinary reserves at 5% after above deductions (4,598,250) D- Second dividend to the shareholders (18,224,999) E- Extraordinary reserves (67,305,389) F- II. Legal reserve (Turkish Commercial Code 519/2) (1,822,500) 5.10.3 Other disclosures None. Foreign Currency Long-Term IDR BB Short-Term IDR B Support Rating bb- Viability Rating bb Outlook Stable Long-Term International FC BB Long-Term International TL BB Short-Term NSR J1+(tr) (Stable) Long-Term NSR AAA (tr) (Stable)
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 124 6 Limited Review Report 6.1 Disclosure on limited review report The consolidated financial statements of the Bank and its financial subsidiaries as of 30 September 2025, have been reviewed by Güney Bağımsız Denetim ve Serbest Muhasebeci Mali Müşavirlik A.Ş. (a member firm of Ernst&Young Global Limited) and a limited re view report dated 28 October 2025, is presented before the accompanying consolidated financial statements. 6.2 Disclosures and footnotes prepared by independent auditors None.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 125 7 Interim Activity Report (Amounts are expressed in Turkish Lira (TL)) 7.1 Summary financial information regarding the operating results for the current period, the comments of the chairman of the board of directors and the CEO Türkiye Garanti Bankası A.Ş., announced its financial statements dated 30 September 2025. Based on the consolidated financials, the Bank’s net income in the first 9 months of the year recorded as TL 84 billion 473 million 850 thousand. Asset size realized at TL 4 trillion 207 billion 80 million 704 thousand and the Bank’s contribution to the ec onomy through cash and non -cash loans was TL 3 trillion 227 billion 622 million 852 thousand. Actively managing the funding base, customer deposits continued to be the main funding source; 69.1% of assets are funded via customer deposits. Customer deposit base reached TL 2 trillion 907 billion 826 million 740 thousand with 38.7% growth in the first 9 months of the year. Preserving the strong capital stance, Bank’s capital adequacy ratio was realized at 16.3%*. The Bank delivered an ROAE (Return on Average Equity) of 30.9% and an ROAA (Return on Average Assets) of 3.1%. *Calculated without the forbearance introduced by BRSA Commenting on the topic, Garanti BBVA, Chairman Süleyman Sözen stated: “The third quarter of the year marked the beginning of a normalization process in Türkiye’s monetary policy, aligned with the disinflation objective. On a global scale, the effects of geopolitical risks and the restructuring of trade policies continued. In this dynamic environment, as Garanti BBVA, we are shaping our strategic priorities around creating a distinctive customer experience — powered by digitalization and artificial intelligence — and pursuing sustainable, capital-generating growth. As a result of our strategy focused on long-term value creation, we once again delivered strong results in the third quarter, continuing to outperform the sector. Our return on capital stood at 31%, while we further strengthened our capital base. Our capital adequacy ratio reached 16.3%, providing a solid buffer for future growth. This quarter, we took a significant step in the field of sustainability by becoming a signatory to the Equator Principles. We are proud to be the first bank from Türkiye to join this global initiative, which aims to manage environmental and social risks in investment and project finance processes in line with international standards. This signature marks an important milestone in our long -term journey that places environmental sensitivity and social impact at the heart of our financial decisions. At Garanti BBVA, we are driven by our vision to become the best bank of the future. With our strong operational structure, agile management approach, and unwavering commitment, we will continue to play a leading role in our country’s sustainable development journey. I sincerely thank all my colleagues who contributed to this success, as well as our customers, shareholders, and all stakeholders who empower us with their trust and support.” Garanti BBVA’s CEO Mahmut Akten commented: “The third quarter marked the beginning of a normalization process aligned with the disinflation objective in monetary policy. During this period, policy rate was reduced by 550bps. However, decline Turkish lira d eposit costs moderated in September, mainly due to regulatory impacts. Current economic conditions demand a high level of discipline in pricing and balance sheet Management and, as Garanti BBVA, we continued to differentiate in profitability through our effective pricing strategy and customer-centric approach” Evaluating the performance in the third quarter of 2025, Akten said: “In the third quarter, through active balance sheet management, we managed our margins effectively and reinforced our leadership with the market share gain in TL loans. We also continue to strengthen our deposit base —which is an indicator that we are our customers’ ‘primary bank’.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 126 The shift in deposit composition toward Turkish lira has gained significant momentum in recent years; during this period, the sector has made great efforts to manage both rising funding costs and the targets set by regulatory authorities. In a time when costs are so prominent, we once again saw the importance of demand deposits, which have now reached 43% of our total deposit base. A major factor behind this success is our redesign of all our products and processes from our customers’ point of view, in order to offer personalized solutions to their needs through our Radical Customer Perspective approach. This approach is the true driving force behind our financial performance. In this way, we integrate our strong balance sheet discipline with customer experience, digital transformation, and sustainable growth, steadily advancing toward our goal of creating long-term value.” Providing information on Garanti BBVA’s digitalization vision, Akten continued: “We view digitalization not only as a technology investment but also as a strategic tool for sustainable value creation. In the SME and commercial segment, we took a pioneering step in the sector with our ‘KOBİ Bankacım Yanımda’ service model, which centers on remote relationship management. On the retail side, we provide our customers with speed, convenience, and accessibility through fully digital application and utilization processes for loans up to 3 million TL.” Akten highlighted several successful external funding transactio ns: “In October, we successfully completed a new $700 million Basel III -compliant Tier-2 issuance. With four transactions carried out over the past two years, we have reached a total of $2.45 billion in subordinated loans, making us the bank with the largest amount in this area within the sector. These transactions, completed with high investor demand, are clear indicators not only of our strong capital structure but also of the confidence placed in Turkey and our bank in international markets.” Akten con cluded: “Despite challenging market conditions, we continue to move forward with determination, creating value in every area from digitalization to sustainability. In the upcoming period, we will maintain our balanced, TL -focused growth and continue to con tribute to our country’s economic and social development together with our customers. I would like to thank my colleagues whose efforts made this success possible and all stakeholders who place their confidence in us.”
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 127 ”You may access Garanti BBVA earnings presentations regarding the BRSA consolidated financial results from Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com 7.1.1 Selected Figures of Consolidated Financial Statements Selected Balance Sheet Items (TL Thousand) Current Period 30.09.2025 Prior Period 31.12.2024 Change % Total Assets 4,207,080,704 3,002,579,379 40.1% Loans* 2,480,411,669 1,776,363,816 39.6% - Performing Loans 2,410,189,567 1,738,553,379 38.6% - Non-Performing Loans 70,222,102 37,810,437 85.7% Customer Deposits 2,907,826,740 2,096,355,514 38.7% Shareholders' Equity 412,393,192 331,408,618 24.4% * Excludes Leasing and Factoring receivables Selected P&L Items (TL Thousand) Current Period 30.09.2025 Prior Period 30.09.2024 Change % Net Interest Income 137,849,436 89,555,335 53.9% Operating Expenses 123,993,192 72,807,282 70.3% - HR Cost 43,157,399 28,275,913 52.6% - Other Operating Expenses 80,835,793 44,531,369 81.5% Net Fees&Commissions 104,410,331 67,979,687 53.6% Net Income 84,473,850 66,950,363 26.2% Selected Financial Ratios Current Period 30.09.2025 Prior Period 31.12.2024 Change bps Performing Loans/Assets 57.3% 57.9% (61) Deposits/Assets 69.1% 69.8% (70) Return on Average Equity 30.9% 33.0% (210) Return on Average Assets 3.1% 3.5% (40) Non-Performing Loans Ratio 2.8% 2.1% 67 Capital Adequacy Ratio* 16.3% 18.2% (183) * without BRSA’s forbearance Market Shares* Current Period 30.09.2025 Prior Period 31.12.2024 Change bps Performing Loans 11.3% 11.1% 11 TL Performing Loans 12.6% 12.5% 18 FC Performing Loans 8.7% 8.7% 1 Customer Deposits 10.4% 10.2% 15 TL Customer Deposits 10.4% 10.4% (1) FC Customer Deposits 10.3% 10.0% 32 *Market Shares are calculated per bank-only financials, for fair comparison
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 128 Garanti BBVA with Numbers1 Current Period 30.09.2025 Prior Period 31.12.2024 Change % Branch Network 798 795 0.4% Number of Employees 20,453 19,810 3.2% ATM 6,181 5,820 6.2% POS* 874,417 864,055 1.2% Number of Customers 29,470,947 27,717,447 6.3% Number of Digital Customers** 17,630,908 16,718,413 5.5% Number of Credit Card Customers 12,903,502 11,825,995 9.1% 1 Subsidiaries are not included *Includes shared and virtual POS. ** Active customers only -- min. 1 login or call per quarter 7.2 The amendments in the Articles of Association during period of 01.01.2025-30.09.2025 There is no change during the period. 7.3 Announcements regarding important developments in the period of 01.01.2025-30.09.2025 Garanti BBVA’s Annual Report, documents regarding ordinary general meeting of shareholders, information on board of directors and senior management, ratings and disclosures regarding important developments and other disclosures were announced and the discl osures were uploaded to the Public Disclosure Platform. Disclosures and all of the announcements are available at www.garantibbvainvestorrelations.com. 7.4 Assessment of financial information and risk management You may find information regarding the assessment of financial position, profitability and debt payment capability, risk management explanations and ratings in the financial statements for the period ended 30 September 2025. Additionally, you may find detailed information in the earnings presentation regarding financial results of the related period published on Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com. You may find financial information on Garanti BBVA for the most recent five year period in the 2024 Integrated Annual Report that was published on the Public Disclosure Platform, the Bank’s website, Garanti BBVA Investor Relations website and at https://www.garantibbvainvestorrelations.com/en/images/pdf/GarantiBBVA-2024-integrated-annual- report.pdf . 7.5 Information regarding management and corporate governance practices You may access information about the activities of the Board of Directors, the Audit Committee, the Credit Committee and the committees that are established pursuant to the Regulation on the Internal Systems of Banks under the framework of the risk management systems and are organized under the Board of Directors or to support the Board of Directors, chairman and members of the committees’ names and surnames, fundamental duties and their attendance to the meetings from Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com under the Committees section. You may access the Corporate Governance Principles Compliance Report from Garanti BBVA Investor Relations website at www.garantibbvainvestorrelations.com under the Corporate Governance section.
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Türkiye Garanti Bankası AŞ and Its Financial Subsidiaries Convenience Translation of Financial Statements Consolidated Financial Report as of and and Related Disclosures and Footnotes for the Nine-Month Period Ended 30 September 2025 Originally Issued in Turkish (Thousands of Turkish Lira (TL)) 129 7.6 Forward looking statements regarding the expectations As per the Article 10 of the "Communiqué on Material Events Disclosure" (II -15.1) of Capital Markets Board, T. Garanti Bankası A.Ş. has announced it’s forward looking statements regarding the expectations for the year 2025 on January 29, 2025. On October 3 0, 2025, taking into account macroeconomic developments and the CBRT’s tight monetary stance, the Bank revised the expectations for some P&L items. Although the expectation for expansion in the net interest margin was revised downward, the initial target for average return on equity has been maintained on the back of better -than-expected net cost of risk and strong commission income growth. The table containing the related revisions was published on the Public Disclosure Platform and and Garanti BBVA Investor Relations’ website at www.garantibbvainvestorrelations.com in Operating Plan Guidance Presentations section.