IST:VAKBN Income Statement

Financials in millions TRY. Fiscal year is January - December.

Millions TRY. Fiscal year is Jan - Dec.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Dec '25 Dec 31, 2025	Dec '24 Dec 31, 2024	Dec '23 Dec 31, 2023	Dec '22 Dec 31, 2022	Dec '21 Dec 31, 2021
Interest Income on Loans	674,418	487,995	206,399	87,865	53,519
Interest Income on Investments	367,579	257,484	114,812	73,579	19,822
Total Interest Income	1,041,997	745,480	321,211	161,444	73,340
Interest Paid on Deposits	729,776	555,573	224,311	60,708	31,014
Interest Paid on Borrowings	149,464	82,418	39,373	24,929	21,978
Total Interest Expense	879,240	637,991	263,684	85,637	52,992
Net Interest Income	162,757	107,489	57,527	75,807	20,349
Net Interest Income Growth (YoY)	51.42%	86.85%	-24.11%	272.54%	-0.31%
Income From Trading Activities	-5,018	-22,947	866.62	1,292	-6,197
Gain (Loss) on Sale of Assets	2,636	4,666	774.4	1,085	949.3
Gain (Loss) on Sale of Investments	-251.4	-693	-104.27	-29.18	-26.43
Other Non-Interest Income	149,536	114,751	84,600	25,974	13,821
Total Non-Interest Income	146,903	95,778	86,137	28,322	8,547
Non-Interest Income Growth (YoY)	53.38%	11.19%	204.13%	231.37%	9.79%
Revenues Before Loan Losses	309,660	203,266	143,664	104,128	28,896
Provision for Loan Losses	76,988	45,916	50,288	27,204	11,941
Revenue	232,671	157,350	93,376	76,925	16,954
Revenue Growth (YoY)	47.87%	68.51%	21.39%	353.72%	2.26%
Salaries and Employee Benefits	46,479	30,915	15,665	7,473	4,130
Selling, General & Administrative	4,080	3,402	1,294	893.18	515.16
Other Non-Interest Expense	74,079	50,091	40,712	27,259	5,780
Total Non-Interest Expense	123,581	83,491	57,056	35,283	10,331
EBT Excluding Unusual Items	109,090	73,860	36,320	41,642	6,623
Asset Writedown	-	-2.27	-2.3	-17.75	-
Pretax Income	109,090	73,857	36,318	41,625	6,623
Income Tax Expense	28,332	20,541	2,231	13,644	1,287
Earnings From Continuing Operations	80,758	53,317	34,087	27,981	5,336
Minority Interest in Earnings	-3,599	-4,124	-2,431	-1,418	-169.84
Net Income	77,159	49,193	31,656	26,563	5,166
Net Income to Common	77,159	49,193	31,656	26,563	5,166
Net Income Growth	56.85%	55.40%	19.17%	414.21%	-18.49%
Basic Shares Outstanding	9,474	9,149	8,996	6,293	3,781
Diluted Shares Outstanding	9,474	9,149	8,996	6,293	3,781
Shares Change (YoY)	3.55%	1.70%	42.96%	66.42%	13.28%
EPS (Basic)	8.14	5.38	3.52	4.22	1.37
EPS (Diluted)	8.14	5.38	3.52	4.22	1.37
EPS Growth	51.47%	52.80%	-16.64%	208.97%	-28.04%
Effective Tax Rate	25.97%	27.81%	6.14%	32.78%	19.43%

Updated Dec 31, 2025. Source: S&P Global Market Intelligence. Banks template. Financial Sources.