Türkiye Sinai Kalkinma Bankasi (TSKB) investor relations material

Executive summary

• Achieved strong 1H26 results, meeting or exceeding year-end targets across key metrics, with total assets up 13% to TL 379.2 billion and loans up 15% to TL 275.6 billion, representing 73% of assets.

• SDG-linked loans made up 93% of the loan book, with FX-adjusted loan growth at 7.7% in H1 2026.

• Profitability ratios remain above industry average, with NIM at 4.5%, ROE at 24%, and ROA at 3.2%.

• Fee income doubled quarter-over-quarter, aided by IPO advisory and other non-recurring items; fee and commission income rose 108% to TL 637 million.

• Shareholders' equity increased by 10% from year-end 2025 to TL 51.2 billion; capital adequacy ratio was 18.5% at end-June 2026.

Financial highlights

• Net profit for 1H26 was TL 5,913 million, down 9.4% year-over-year; 2Q26 net profit rose 3% sequentially.

• Net interest income grew 8% year-over-year to TL 8,541 million and 6% quarter-over-quarter in 2Q26.

• Net fees and commissions increased 104% year-over-year and 62% quarter-over-quarter.

• OPEX rose 46% year-over-year, outpacing average CPI; cost-to-income ratio increased to 29.2%.

• NPL ratio was 2.1% as of end-June 2026; capital adequacy ratio at 18.5%.

Outlook and guidance

• FX-adjusted loan growth expected in low teens for YE26; on track with 7.7% YTD.

• Net interest margin guidance maintained at ~4.5%.

• Fees & commissions growth projected above 50% for YE26.

• Return on equity guidance at ~25%, with 24% achieved in 1H26.

• Management expects to maintain strong asset quality and capital buffers, with continued focus on sustainable finance and technological transformation.