Yapi ve Kredi Bankasi (YKBNK) investor relations material

Executive summary

• 9M 2026 net profit was TL 41.676bn, up 10% YoY; return on average tangible equity was 20.6%.

• Cash and non-cash loans reached TL 3.2tn, customer deposits TL 2.4tn and total assets TL 4.404tn at September 30, 2026.

• Improving NIM and TL deposit momentum supported confidence in full-year guidance; management cited a strong start to Q4.

Financial highlights

• 9M revenue was TL 207bn, up 37% YoY; core revenue reached TL 181.7bn, up 38%.

• 9M operating costs rose 34% to TL 115.453bn; pre-provision profit reached TL 91.3bn, up 41%, and net income was TL 41.7bn, up 10%.

• 9M fees were TL 98.268bn, up 19% reported and 26% adjusted for one-off payment-network transition costs; fee coverage of operating costs was 85%.

• Net trading loss widened to TL 76.737bn from TL 39.557bn; derivative transactions recorded a TL 55.317bn loss in 9M 2026.

• Q3 net profit was TL 10.664bn, flat QoQ reported and up 11% QoQ normalized for CPI-linker income.

Outlook and guidance

• 2026 guidance remained: TL loans +30%, FX loans low-single-digit growth, NIM improvement of at least 100bps, and fee growth in line with inflation.

• Cost growth guidance was ≤35%; 9M growth was 34%. Full-year cost of risk is expected above the 150–175bps guidance range, versus 214bps for 9M.

• ROTE guidance remained in the high-to-mid twenties; excluding one-off gains, performance was tracking near the low end.

• Further NIM expansion was expected in Q4; management cited improving margin momentum and TL deposit growth.