IST:VAKBN Balance Sheet

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
Cash & Equivalents	652,224	752,635	376,302	148,430	115,071
Investment Securities	1,223,343	928,379	606,228	347,429	213,532
Trading Asset Securities	60,002	29,059	64,286	34,735	23,455
Total Investments	1,283,345	957,437	670,514	382,164	236,987
Gross Loans	3,063,773	2,073,089	1,568,917	975,915	609,485
Allowance for Loan Losses	-101,614	-69,820	-62,723	-42,460	-26,595
Other Adjustments to Gross Loans	-15,887	-9,356	-7,137	-2,598	-729.98
Net Loans	2,946,272	1,993,913	1,499,057	930,857	582,160
Property, Plant & Equipment	70,821	40,191	26,575	11,683	4,141
Goodwill	1.69	3.29	9.74	14.63	14.63
Other Intangible Assets	1,803	1,346	910.93	455.25	284.77
Loans Held for Sale	41,811	32,522	-	-	-
Investments in Real Estate	13,232	18,804	8,871	3,444	972.15
Other Receivables	3,539	884.33	6.14	-	-
Restricted Cash	330,038	216,935	143,705	161,389	57,631
Other Current Assets	3,165	1,076	262.73	410.98	755.25
Long-Term Deferred Tax Assets	119.34	4,899	11,125	3,061	72.77
Other Long-Term Assets	146,763	72,931	121,908	67,259	30,812
Total Assets	5,493,134	4,093,575	2,859,246	1,709,169	1,028,901
Interest Bearing Deposits	2,995,228	2,342,352	1,828,965	1,033,297	546,664
Non-Interest Bearing Deposits	484,618	217,358	150,501	98,801	49,146
Total Deposits	3,479,845	2,559,711	1,979,466	1,132,098	595,810
Short-Term Borrowings	547,928	258,410	39,139	25,492	19,688
Current Portion of Long-Term Debt	613,313	483,020	-	-	-
Current Portion of Leases	361.72	138.7	2,844	370.32	46.36
Current Income Taxes Payable	28,982	11,014	12,097	5,410	1,100
Other Current Liabilities	330.64	-	-	-	-
Long-Term Debt	215,665	368,715	499,857	352,797	324,469
Long-Term Leases	3,570	5,293	28.75	654.4	912.23
Pension & Post-Retirement Benefits	14,932	10,810	7,223	3,768	1,783
Long-Term Deferred Tax Liabilities	3,427	2,166	118.17	56.4	14.72
Other Long-Term Liabilities	240,152	158,100	137,599	79,860	30,876
Total Liabilities	5,148,507	3,857,377	2,678,371	1,600,506	974,701
Common Stock	9,916	9,916	9,916	7,111	3,906
Additional Paid-In Capital	46,092	45,602	45,590	16,470	6,303
Retained Earnings	225,016	145,808	97,317	64,792	38,365
Comprehensive Income & Other	47,466	24,776	22,445	17,407	4,411
Total Common Equity	328,491	226,102	175,268	105,780	52,985
Minority Interest	16,136	10,097	5,608	2,883	1,215
Shareholders' Equity	344,627	236,199	180,876	108,662	54,200
Total Liabilities & Equity	5,493,134	4,093,575	2,859,246	1,709,169	1,028,901
Total Debt	1,380,838	1,115,576	541,868	379,314	345,116
Net Cash (Debt)	-479,368	-18,039	-29,333	-106,361	-117,164
Net Cash Per Share	-50.60	-1.97	-3.26	-16.90	-30.99
Filing Date Shares Outstanding	9,916	9,916	9,916	7,111	3,906
Total Common Shares Outstanding	9,916	9,916	9,916	7,111	3,906
Book Value Per Share	33.13	22.80	17.68	14.87	13.57
Tangible Book Value	326,686	224,752	174,347	105,310	52,686
Tangible Book Value Per Share	32.95	22.67	17.58	14.81	13.49

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