#1Garanti BBVA 1H22 EARNINGS PRESENTATION Based on BRSA Consolidated Financials July 28th, 2022#2TURKISH ECONOMY STRONG ECONOMIC ACTIVITY, despite tighter global conditions UPSIDE RISKS ON INFLATION REMAIN HIGH on the back of loose domestic policies POST PANDEMIC WORLD DEMAND REMAIN SUPPORTIVE for exports and tourism revenues Garanti BBVA 1110N 1211 11#380% 70% 60% 50% 40% 30% 20% 10% 0% BBVA CONSUMPTION & INVESTMENT BIG DATA INDICES (28-day cum. YoY real) 60% 50% 40% 30% 20% 10% 0% -10% -20% -30% 17-Mar-20 15-Jun-20 13-Sep-20 Consumption 12-Dec-20 12-Mar-21 CONSUMER INFLATION (ANNUAL) Dec.20 Jan.21 Feb.21 Mar.21 Apr.21 May.21 Jun.21 Jul.21 Aug.21 Sep.21 Oct.21 Nov.21 Dec.21 Jan.22 Feb.22 Mar.22 Apr.22 May.22 Jun.22 1H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 3 ACTIVITY CONFIRMS AN UPWARD TREND DESPITE TIGHTER GLOBAL FINANCIAL CONDITIONS 10-Jun-21 8-Sep-21 Investment 7-Dec-21 78.6% 7-Mar-22 гл 5-Jun-22 1Q20 GDP GROWTH (YOY) 2021: 11% 22.0% 2020: 1.8% 9.1% 7.4% 7.4% 6.3% 6.2% 7.3% 4.4% -10.4% 2Q20 3Q20 4Q20 1Q21 2Q21 3Q21 4Q21 1Q22 GDP growth surprising to the upside. Activity remains solid on the back of continuing credit and fiscal impulses High global inflation and commodity prices, loose domestic policies and exchange rate depreciation keep upside risks on the inflation outlook. Exports supportive & tourism revenues stronger than expected.#41H22 FINANCIAL RESULTS HEALTHY & STRONG LENDING GROWTH HIGHLY LIQUID & ACTIVELY MANAGED FUNDING MIX INCREASED EFFICIENCY STRONG COLLECTION PERFORMANCE continue to support ASSET QUALITY Garanti BBVA#51H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 5 A NEW RECORD & HIGH QUALITY EARNINGS NET INCOME (TL bn) CUMULATIVE 5.7 QUARTERLY +270% +56% 21.2 1H21 1H22 PRE-PROVISION INCOME (TL bn) 10.9 CUMULATIVE +199% 32.4 12.9 8.3 1Q22 2022 QUARTERLY +34% 18.6 13.9 1H21 1H22 1Q22 2Q22 EARNINGS QUALITY BACKED BY; +161% YoY NII (Swap cost inc.) growth backed by robust loan originations & low cost deposit base +68% YoY Fee & Comm. growth supported by the strong performance in payment systems, lending & transaction activity +80% YoY Subsidiary Income Growth Strong contribution from the international subsidiaries, fleet management & securities business#61H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 6 REINSTATING OUR SOLID STANCE & WELL-PROVEN TRACK RECORD GROWTH TL LOAN GROWTH (TL bn) ROAE +36% 360.4 264.1 2021 PROFITABILITY STRENGTH CAR & CET1 (excl. forbearances) ■CET1 CAR CAR inc free prov. 43.1% 15.2% 16.0% 15.1% 14.1% 12.8% 11.5% 22.6% 2Q22:49.6% 1Q22: 37.8% 18.9% 1H22 2021 1H22 2021 2Q22 #1 in TL LENDING (based on Mar 22 data) NEW CUSTOMER ACQUISITION (mn) Total Customer: 21.4mn a/o 1H'22 ROAA 4.3% 2Q22:5.1% 1Q22: 3.7% 2.0% 2021 1H22 +1.1 2.5% +1.5 June'22 +1.1 2021 +1.3 2020 2019 *adj. w/ free prov. TOTAL FREE PROVISIONS on B/S TL 7.5 bn USD 9.6bn FC liquidity buffer VS. TL 71bn TL liquidity buffer Note: In calculating 1H22 ROAE & ROAA, non-recurring items are deducted when annualizing Net Income for the 2H22. Please refer to the Appendix: Summary P&L for non-recurring items of 1H22.#71H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 7 STRATEGICALLY MANAGED ASSET GROWTH ASSET BREAKDOWN Fixed Assets & Subs., 1.1% Cash & Cash Equivalents, 12.1% Other (incl. NPLs), 5.1% Balances w/ CBRT, 11.3% TL 1.1tr Securities, 14.3% PERFORMING LOANS (TL, US $ billion) QoQ YtD 615.0 12% 29% 548.0 Total 475.3 $15.4 (7%) (5%) FC $16.5 $16.1 (in US $) TL 264.1 308.6 360.4 17% 36% Performing Loans, 56.1% 2021 1Q22 1H22 SECURITIES (TL, US $ billion) QoQ YtD 157.1 16% 58% 135.9 Total 99.3 $3.9 2% 31% $3.8 FC $3.0 (in US $) 80.2 92.8 16% 54% TL 60.4 2021 1Q22 1H22 Actively managing spreads with profitable and selective growth focus Across the board growth in TL securities New additions to the CPI linker portfolio in order to offset the upcoming redemptions#81H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 8 STRONG GROWTH MOMENTUM MAINTAINED ACROSS THE BOARD WITH ACTIVE SPREAD MANAGEMENT TL PERFORMING LOAN BREAKDOWN (59% of total performing loans) Mortgage, 7% Auto, 1% GPL, 19% Business, 54% TL 360bn TL PERFORMING LOAN GROWTH 28% 14% 12% 11% 5% Credit Cards, 19% 2% 1% 4Q21 1Q22 22% 18% 2Q22 Consumer (exc. CCs) TL Business ■Credit Cards Healthy growth in consumer lending with preserved rational pricing stance Short-term & selective growth focus in TL business banking loans maintained#91H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 9 HIGHLY LIQUID & ACTIVELY MANAGED FUNDING MIX REMAIN TO BE THE MAIN DIFFERENTIATOR LIABILITIES & SHE BREAKDOWN Other: 5.5% SHE; 10.2% TL 1.1tr Interbank Money Market; 3.2% Total Demand Deposits; 33.8% Borrowings; 10.1% Total Time Deposits; 34.4% TL Bonds Issued & Merchant Payables; 2.8% LOW LEVERAGE FREE FUNDS / Avg. IEAs³ 8.8x 43% EXTERNAL DEBT VS. FC QUICK LIQUIDITY² (US$ bn) 13 11 6.9 10 6.8 6.5 2021 1Q22 1H22 External Debt IFC Liquidity Buffer WHOLESALE FUNDING BREAKDOWN Securitisation; 36% Secured Finance; 1% $6.5bn Syndication; 19% MTN; 3% Subdebt; 12% Bilateral; 10% 1 Includes funds borrowed, sub-debt & FC securities issued 2 FC Liquidity Buffer includes FC reserves under ROM, swaps, money market placements, CBRT eligible unencumbered securities 3 Free Funds-SHE-Reserve Requirement-Net NPL-Subsidiaries-Fixed Assets+Demand Deposits. *Excludes secured finance transactions > 100% of our new issuances* in 2021 & 2022 ESG-linked ESG-linked funding makes up -25% of wholesale funding base#101H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 10 STRONG DEPOSIT GROWTH FROM A HIGH BASE REFLECTS CUSTOMERS' PREFERENCE TL CUST. DEPOSITS (in TL bn) QoQ YtD (37% of total deposits) 19% 55% 275.9 231.0 177.9 18% 59% 201.9 170.9 127.0 50.9 60.1 74.1 23% 45% 2021 1Q22 1H22 ■TL Time TL Demand EXPANDING ZERO-COST DEMAND DEPOSIT BASE 49% Cust. demand deposits share in total TL DEMAND DEPOSITS / TL CUST. DEPOSITS FC CUST. DEPOSITS (in US$ bn) (63% of total deposits) QoQ YtD 27% vs. private banks avg 21% $30.7 $28.9 $27.8 (4%) (9%) 12.2 10.8 10.5 FC DEMAND DEPOSITS/ (3%) (14%) FC CUST. DEPOSITS 62% 18.5 18.1 17.3 vs. private banks (4%) (6%) avg 47% 2021 1Q22 1H22 FC Time FC Demand 1 Based on bank-only MIS data. Note: Sector data is based on BRSA weekly data, for commercial banks only Highest TL deposit base, both in time & demand (among private banks as of Mar'22) Stickier and low-cost deposit base – SME & retail customer deposits share in TL customer deposits: 73%¹ Decline in FC deposits due to FX protected TL time deposit scheme (Market share: 10.8%)#111H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 11 SUPERIOR BALANCE SHEET MANAGEMENT MANIFESTED ITSELF IN MARGIN PERFORMANCE NIM INCL. SWAP COST* CUMULATIVE QUARTERLY +297bps +108bps > Core NII increased by +2.5bn TL QOQ 7.2% 7.7% 6.6% 2.4% 2.6% 2.2% 4.3% CPI Impact 1.2% 4.8% 5.2% 4.4% Core NIM 3.1% 1H21 1H22 1Q22 2Q22 NII INCL. SWAP COST & CORE NII (TL bn) CUMULATIVE NII incl. swap cost 24.7 Core NII 17.6 9.5 7.2 QUARTERLY 13.7 11.0 10.0 7.5 due to active repricing coupled with high lending growth > TL loan-to-time deposit spreads: +181bps QoQ > Well-managed deposit cost with maintained focused on stickier low cost deposit > Duration gap hit its lowest level in 2Q CPI volume: 63bn TL in June CPI linkers valued with 45% in 20 1H21 1H22 *Calculated based on bank only MIS data, using daily averages Core NII NII - Swap Cost - CPI linkers income. 1Q22 2Q22#121H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 12 HEALTHY LOAN PORTFOLIO WITH PROACTIVE STAGING LOAN PORTFOLIO BREAKDOWN¹ (TL Billion) STAGE-2 BREAKDOWN 89.7 bn 89.0 bn Stage 1, 545.5 excl. currency impact² 79.2 bnTL in June'22 vs. 84.2 bn TL in Mar'22 Stage 2, 89.0 SICR (Quantitative) 34% 36% TL 654.3 bn Stage 3 (NPL), 19.9 Restructured 51% 53% Watchlist Past Due 14% 1% Mar 22 9% 2% June 22 18.3% Stage-2 Coverage vs. 17% in Mar'22 14% Stage-2 Share in Gross Loans vs. 15% in Mar'22 94% of the SICR Portfolo is non-delinquent 1 Including Leasing & Factoring Receivables 2 2021 balance sheet FX rates are taken into account when calculating Stage 2 base for June 22 Note: SICR: Significant Increase in Credit Risk per our threshold for Probability of Default (PD) changes#131H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 13 SUSTAINED STRONG COLLECTION PERFORMANCE BACKED BY ECONOMIC ACTIVITY NPL EVOLUTION (TL million) Net New NPL (102) 142 NPL & COVERAGE RATIOS Adj. w/curr. Impact, NPL (%) sales & write-downs 6.2% NPL Ratio 5.6% adj. w/WD* Currency Impact 5.1% 4.7% 4.5% 1,099 805 3.6% New NPL 3.3% NPL RATIO 3.0% 1,164 1,234 Collection -1,266 -1,092 NPL sale -140 -37 79% 80% 81% Coverage 74% adj. w/WD* Write-down 69% 66% 67% NPL COVERAGE 1Q22 2Q22 63% Dec-20 Dec-21 Mar-22 Jun-22 NPL 19.2 19.9 (nominal TL bn) NPL (Adj. w/WD) 30.5 31.5 *Adjusted with write-downs since 2019 Note: Collection figure for 1Q22 includes the loan moved to Stage-2, amounting TL123.5mn. LYY loan, which used to be recorded under Financial Assets measured at FVTPL, has been removed to off-balance sheet as of June 30, 2022 as liquidiation process has not come to an end. During this reclassification, LYY loan amounting TL 7.6bn was first recorded as NPL, then written-down. Although this process has no impact on net NPL flow, it inflated the both lines. In the chart above, this impact is deducted from both NPL inflow and write-downs.#141H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 14 NET COR FARING BETTER THAN INITIAL GUIDANCE NET PROVISIONS excl. CURRENCY (TL bn) CUMULATIVE +78% 2,954 1,656 1H21 1H22 QUARTERLY +8% 1,535 1,419 1Q22 2Q22 *No impact on bottom line as it is 100% hedged NET COR TREND excl. CURRENCY 2.5% 2.3% 2.0% 146bps currency depreciation impact* 1.1% 1.0% 2018 2019 2020 2021 1H22#151H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 15 SOLID FEE PERFORMANCE REMAINED UPON CONTINUING ROBUST ECONOMIC ACTIVITY NET FEES & COMMISSIONS (TL bn) CUMULATIVE 4.2 7.1 +68% QUARTERLY Loans, +21% 12.3% Other, 3.9 3.2 5.1% NET F&C BREAKDOWN¹ Cash Non-Cash Loans, 11.2% О Global Markets, 10.5% Money Transfer, 14.4% Insurance, 2.5% Payment Systems, 44.0% 1H21 1H22 1Q22 2Q22 HIGHEST FEE BASE supported with diversified fee sources, expanding customer base and broader penetration +120% YoY +68% YoY Money Transfer Cash Loans* +84% YoY Payment System #1 in Acquiring & Issuing Volume 1 Net Fees&Comm. breakdown is based on Consolidated Financials. Garanti Pension premiums are shown under Other Income. * 1H21 base excludes LYY related dividend income#161H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 16 FURTHER IMPROVEMENT IN EFFICENCY OPERATING EXPENSES (TL Bn) +67% 19% 11.1 6.6 6.7 Non-HR 4.1 4.3 HR 2.6 6M21 6M22 25% Cost/Income vs 28% in Mar'22 Currency Depreciation Impact No impact on bottom line (100% hedged). 64% Fee/OPEX vs 61% in Mar'22 Note: Income defined as NII inc. Swaps + Net F&C + Dividend Income + Subsidiary Income + Net Trading Income (excludes swaps & currency hedge) + Other income (net of prov. Reversals)#171H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 17 STRENGTHENED CAPITAL BUFFERS THANKS TO SUPERIOR INTERNAL CAPITAL GENERATION CAPACITY SOLVENCY RATIOS without BRSA's forbearance CET1 CAR CAR inc free prov. 15.2% 16.0% 15.1% 14.1% 12.8% 11.5% 2021 2Q22 USDTRY 13.09 16.56 CAR EVOLUTION ~1.4% BRSA Forbearance Impact on CAR ~40bps CAR sensitivity to 10% TL depreciation TL 25 bn Excess Capital (Consolidated & w/o forbearance) TL 7.5 bn Total Free Provisions in the B/S 1.01% 2.56% -1.06% 14.1% Net Income Currency Impact MtM Difference -0.97% Market & Credit Risk -0.27% -0.23% Operational Subdebt Risk Amortization -0.15% Dividend 0.12% Other 15.1% 2021 1Required Consolidated CAR level = 8.0% + SIFI Buffer for Group 2 (1.5%) + Capital Conservation Buffer (2.5%) + Counter Cyclical Buffer (0.16%); Required Consolidated Tier-1 =6.0% + Buffers; Required Consolidated CET-1=4.5%+Buffers 1H22#181H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 18 STRONGER THAN EXPECTED PERFORMANCE & ECONOMIC ACTIVITY CALLED FOR A GUIDANCE REVISION 2022 Initial Guidance vs. 1H22 Actual TL Loans (YoY) >25% 36% YtD FC Loans (in US$, YoY) Shrinkage -5% YtD Net Cost of Risk (excluding currency risk) <150bps 102bps NIM Incl. CPI & Swap Cost +50-75bps +297bps YoY 1 Core NIM Flattish +172bps YoY 1 (NIM Incl. Swap excl. CPI) Fee Growth (YoY) >25% 68% YoY OPEX Growth (YoY) -avg. CPI 67% YoY ROAE >20% 43% 1 Calculated based on bank only MIS data, using daily averages Expected trend in 2H Revised guidance Lending growth to slow-down due to tightening biased regulatory changes Net Provisioning may go up due to model update in 4Q CPI linkers' support expected to be more visible in 4Q, yet macro prudential measures pressure funding cost Fee growth to cut pace due to expected slowdown in economic activity Inflation adjustments in salaries will be more visible in 2H >50% Shrinkage <150bps > +400bps* +175bps > 60% < avg. CPI >45% *Depends on October CPI reading#19Continuous investments in transformation, positioning MOBILE as the main gateway 11.7 MILLION MOBILE CUSTOMERS Highest digital & mobile customer base SHARE OF BRANCH in top transactions FURTHER DECLINED TO 2.5% Garanti BBVA#201H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 20 GOING BEYOND JUST CONVENIENCE, CREATING VALUE FOR OUR CUSTOMERS' FINANCIAL WELLBEING NUMBER OF ACTIVE CUSTOMERS 1 (mn) DIGITAL +3.7mn +1.1mn 12.1 11.0 9.6 8.4 MOBILE ▶+4.0mn +1.1mn 50.6% 10.6 9.1 11.7 7.7 2019 2020 2021 2022 2019 2020 2021 2022 LEADING THE WAY 19% 86% IN DIGITALIZATION Market share in mobile financial transactions Share of digital in total sales CREATING VALUE BEYOND BANKING, "MY ECOLOGICAL STATUS" LAUNCHED RIGHT NEXT TO "FINANCIAL STATUS" IN THE APP Creating awareness around Carbon Foot Print Providing digital solutions and advice, Supporting customers to have positive impact 16351 Durumum Final Furor Akaryak 176 Agac 1ay artean ge Değerlendirme 136 Ax CUSTOMER TRANSACTIONS 2 68.7% Pre-pandemic 2Q22 43.6% 28.8% 5.8% 2.5% Digital ATM Branch +132% Increase mobile logins since the beginning of 2020 Durumum Dolok Degerlendirme 1201 Suhada Tin Synodo mistoitunut Doys consulting one to Detai DIGITAL SLIP Digital receipts for card transactions reducing paper consumption and Carbon Foot Print of our customers First in the Turkish banking sector sorante giler 1 Active: login in last 3 months 2 Based on Top Transactions (i.e. Bill payment, Money transfer and FX transactions) that make up -90% of total transactions CO2 Nasil Azati?#21Our SUSTAINABILITY commitment to build a strong and successful future BBVA 2025 PLEDGE 200BN € First and only Turkish company to be included in the DOW JONES SUSTAINABILITY INDEX for the 7th consecutive years (Only Turkish bank included in the index) 'CARBON NEUTRAL BANK' as of 2020 (Scope 1&2) First Turkish bank that announced COAL PHASE-OUT PLAN First Turkish bank to become a signatory 'UN - Convened' NET ZERO BANKING ALLIANCE (NZBA) 100% of new electricity generation investments allocated to RENEWABLE ENERGY since 2014 Garanti BBVA#22SUSTAINABILITY DRIVEN BANKING 1H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 22 CLIMATE CHANGE ACTION PLAN OUR LONG STANDING COMMITTMENT REMAINS COAL PHASE-OUT 2040 PACTA Managing our sustainability risk for carbon-intensive sectors with the PACTA methodology SUSTAINABLE FINANCE USING THE POWER OF FINANCE TOWARDS A MORE SUSTAINABLE FUTURE SUSTAINABLE FINANCE Sustainable finance TL 14 bn in 1H22 vs TL 8.8 bn* in 2021 Climate finance TL 7.1 bn in 1H22 vs * TL 6 bn in 2021 PLEDGE Committment to contribute to sustainable finance at least ~7-10 bn€ (2018-2025) 1st ESG DERIVATIVE TRANSACTION ESG-LINKED FUNDING ~25% of wholesale funding base GOVERNANCE WELL PROVEN TRACK-RECORD, AWARDED "HIGHEST CORPORATE GOVERNANCE RATING SCORE" BY CORPORATE GOVERNANCE ASSOCIATION OF TURKEY DIVERSITY 25% Board of Directors female representation target by the end of 2025 on the Board of Directors ESG TARGET IN PREMIUM ELIGIBILITY CRITERIA In-line with the Group KPI, for all employees at any level, starting with senior management. *Independent third party verified data#23Garanti BBVA Appendix PG. 24 Sector Breakdown of Gross Loans PG. 25 FC Loan Breakdown PG. 26 Maturity Profile of External Debt PG. 27 Adjusted L/D and Liquidity Coverage Ratios, PG. 28 Consumer Loans & TL Business Banking Loans PG. 29 Securities Portfolio PG. 30 Summary Balance Sheet PG. 31 Summary P&L PG. 32 Key Financial Ratios PG. 33 Quarterly & Cumulative Net Cost of Risk#241H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 24 APPENDIX: SECTOR BREAKDOWN OF GROSS LOANS % SHARE COVERAGE RATIO SECTOR BREAKDOWN OF GROSS LOANS¹ Key Sectors Stage 1 Stage 2 Stage 3 Stage 1 Stage 2 Stage 3 TL 553.1bn Retail 88% 10% 2% 0,5% 4,0% 61,3% Energy 69% 26% 6% 0,7% 23,1% 70,4% Construction 3.3% Construction 89% 8% 4% 0,8% 19,6% 74,1% Services 3.2% Textile & Made 3.5% Textile & Made 85% 12% 3% 1,7% 7,8% 78,6% Tourism & Entertainment 3.8% Paper, Chemical & Plastics Tourism & 4.1% 62% 35% 3% 2,1% 13,9% 77,4% Entertainment Real Estate 3.9% Finance 3.8% Real Estate 54% 34% 12% 0,7% 46,2% 63,0% Retailer 5.2% Agriculture & Farming 5.3% Mining, Metals & Other Metal Prod. 6.7% SECTOR BREAKDOWN OF STAGE 2 EXCLUDING SICR1 OTHER, 14% Infrastructure 10.0% ENERGY, 32% FORESTRY&NON METAL MINERAL PRODUCTS, 1% Energy (Generation, Distribution, 14.1% Oil & Refinery) Retail Loans 24.7% 2Q22 1 Based on Bank-only MIS data INFRASTRUCTURE, .16% AGRICULTURE, FARMING RETAILER, 2% TOURISM AND ENTERTAINMENT, 9% RETAIL, 7% REAL ESTATE, 12% OF ANIMALS&FOOD, 7%#251H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 25 APPENDIX: CLOSELY MONITORED AND WELL-PROVISIONED FC LOANS FC PERFORMING LOANS (41% of total performing loans) MITIGATION OF FX RISK - TIMELY DELEVERAGING (in $bn) US$ 15.4 bn Consolidated FC Performing Loans* = US$ 4.9bn GBI and GB Romania loan placements Natural hedge Sector¹ Garanti BBVA 154.8 148.9 135.9 130.5 120.5 121.8 114.9 + 17.7 14.1 US$ 10.5 bn FC Performing Loans 13.1 12.6 16.4% Export Loans FX revenue generation 11.3 10.9 10.5 54. 4% 29. 2% 2022 Project Finance Loans 70% of PF Loans have FX or FX- linked revenues - no currency risk 16% has lower currency risk 14% with some currency risk Working Capital & Other Loans FX loans predominantly to big corporate, commercial clients & multinationals *Excludes leasing and factoring receivables 1 Based on BRSA weekly data, commercial banks 2017 2018 2019 2020 2021 1022 2022 Market Share 11.4% 9.5% 9.6% 9.6% 9.1% 9.3% 9.3% Regular conduct of FX sensitivity analysis for proactive staging and provisioning#261H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 26 APPENDIX: MATURITY PROFILE OF EXTERNAL DEBT MATURITY PROFILE OF EXTERNAL DEBT (US$ billion) ■Sub ordinated Debt Covered Bond Post Finance DPR Bilateral Secured Finance $3.2 MTN Eurobond Syndicated Loan 0.8 0.2 $1.1 $0.9 2.0 $0.6 $0.7 0.3 0.8 0.6 0.5 0.6 3Q22 4Q22 1Q23 2Q23 >2Q23#271H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 27 APPENDIX: ADJUSTED LDR AND LIQUIDITY COVERAGE RATIOS Loans funded via long-term on B/S alternative funding sources ease LDR (TL billion) Total Loans / Deposits: 82% Adjusted 66% LDR 746 615 -0.8 TL Bonds TL Loans / 130% 1.5 TL MM funding &bilateral - 28.8 - 24.7 Merchant FC bonds - 65.1 494 Payables & MtNs FC MM funding, TL Deposits: securitization, syndications & bilaterals FC Loans / 54% FC Deposits: LIQUIDITY COVERAGE RATIOS1 Total LCR 214% Minimum Requirement 100% FC LCR 406% Minimum Requirement 80% 1 Represents the average of June's last week. Loans Deposits 746 Adj. Deposits Loans#281H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 28 APPENDIX: CONSUMER & TL BUSINESS BANKING LOANS Consumer & TL Business Banking Loans Jun-21 Mar-22 Jun-22 QoQ (%) YoY (%) (TL billion) TL Business Banking 119.3 165.8 195.8 18.1 64.2 Cons. Mortgage Loans 27.7 32.7 33.0 1.0 19.4 Consumer Auto Loans 2.9 2.5 3.3 34.5 15.6 Cons. General Purpose 14.7 43.9 Loans¹ 52.9 66.3 76.1 Cons. Credit Card Balances 19.6 70.3 29.9 42.6 50.9 Market Shares³ Mar-22 Jun-22 QoQ A Rank Consumer Loans inc. Consumer CCs 13.1% 12.9% -19 bps #1* Cons. Mortgage Loans 8.9% 7.9% -94 bps #1* Consumer Auto Loans 25.2% 19.7% -548 bps #1* Cons. General Purpose Loans 12.9% 13.1% 14 bps #1* TL Business Banking 9.0% 8.9% -15 bps #1* # of CC customers² 13.3% 13.4% 10 bps #1 Issuing Volume (Cumulative) 2 17.7% 17.6% -12 bps #1 Acquiring Volume (Cumulative) 2 17.8% 17.8% -3 bps #1 * Rankings are among private banks as of March 2022 1 Including other loans and overdrafts 2 Cumulative figures and rankings as of June 2022, as per Interbank Card Center data. Rankings are among private banks. 3 Sector figures used in market share calculations are based on bank-only BRSA weekly data as of 01.07.2022, for commercial banks#29APPENDIX: SECURITIES PORTFOLIO TOTAL SECURITIES (TL billion) 14% of Total Assets TL SECURITIES (TL billion) 1H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 29 16% +37% +16% 157.1 +33% 92.7 +23% +4% 135.9 +11% +7% 80.2 Fixed: 20% 41% Fixed: 19% 99.3 60.4 51.0 54.3 Fixed: 77.4 80.7 59% 19% Fixed: 39% Fixed: 20% 34% 33% 59% 21% 41% CPI: 70% CPI: CPI: CPI: CPI: 68% 62% 62% 65% 66% 67% 61% FC SECURITIES (US$ billion) Mar-22 Jun-22 Other FRN 17% Other FRN 17% Other FRN 16% Other FRN 13% Other FRN 10% Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Jun-21 Sep-21 Dec-21 ■TL FC SECURITIES COMPOSITION Financial Assets Measured at Amortised Cost, 45.5% Financial Assets Measured at FVTPL, O Note: Fixed Floating breakdown of securities are based on bank-only MIS data 2.8% Financial Assets Measured at FVOCI, 51.8% +2% +29% (1%) (2%) 3.8 3.9 3.1 3.0 3.0 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22#301H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 30 APPENDIX: SUMMARY BALANCE SHEET (TL billion) ASSETS Cash & Cash Equivalents Balances at CBRT Securities 30.06.2021 30.09.2021 31.12.2021 31.03.2022 30.06.2022 49.4 44.7 114.3 109.1 133.1 64.0 67.8 102.7 105.6 123.6 77.4 80.7 99.3 135.9 157.1 Gross Loans + Leasing & Factoring receivables 405.8 426.8 509.5 585.2 654.3 +TL Loans 240.2 260.2 272.3 316.7 376.8 TL Loans NPL 7.4 7.5 8.1 8.1 16.4 info: TL Performing Loans 232.8 252.7 264.1 308.6 360.4 +FC Loans (in US$ terms) 17.7 17.4 16.8 17.1 15.5 FC Loans NPL (in US$) 0.9 0.9 0.7 0.7 0.1 info: FC Performing Loans (in US$) 16.8 16.5 16.1 16.5 15.4 info: Performing Loans (TL+FC) 377.8 398.4 475.3 548.0 615.0 Fixed Assets & Subsidiaries 7.1 7.1 8.9 10.7 11.7 Other TOTAL ASSETS 4.1 3.7 607.8 630.8 LIABILITIES & SHE 30.06.2021 30.09.2021 15.8 850.5 31.12.2021 Total Deposits 412.0 428.2 582.8 6.8 953.3 31.03.2022 656.0 16.1 1096.1 30.06.2022 747.0 +Demand Deposits 179.4 194.3 295.3 326.2 370.0 TL Demand 45.0 49.0 52.1 62.5 81.8 FC Demand (in US$ terms) 15.6 16.4 18.6 18.1 17.4 +Time Deposits 232.6 233.9 287.5 329.7 377.0 TL Time 120.6 123.9 126.4 168.7 195.2 FC Time (in US$ terms) 13.0 12.4 12.3 11.1 11.0 Interbank Money Market Bonds Issued Funds Borrowed 5.3 5.5 15.9 8.8 34.8 19.4 19.5 25.6 24.7 26.6 56.4 55.0 78.7 84.1 86.3 Other liabilities 47.2 51.5 67.0 82.9 89.3 Shareholders' Equity 67.6 71.1 80.3 97.0 112.1 TOTAL LIABILITIES & SHE 607.8 630.8 850.5 953.3 1096.1#31APPENDIX: SUMMARY P&L 1H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 31 QUARTERLY P&L CUMULATIVE P&L TL Million 1Q22 2Q22 QoQ 6M21 6M22 YOY (+) Net Interest Income including Swap costs 10.951 13.740 25% 9.455 24.691 161% (+) NII excluding CPI linkers' income 10.829 13.017 20% 12.212 23.847 95% (+) Income on CPI linkers 3.414 3.719 9% 2.255 7.134 216% (-) Swap Cost -3.293 -2.997 -9% -5.011 -6.290 26% (+) Net Fees & Comm. 3.206 3.882 21% 4.230 7.088 68% (+) Net Trading & FX gains/losses (excl. Swap costs and currency hedge) 3.624 4.372 21% 2.335 7.997 242% info: Gain on Currency Hedge 2.062 2.167 5% 1.725 4.229 145% (+) Other income (excl. Prov. reversals & one-offs) 1.013 930 -8% 1.045 1.944 86% (+) Income from investments under equity 271 216 -20% 305 486 59% = REVENUES 19.066 23.140 21% 17.371 42.206 143% (+) Non-recurring other income 98 1.195 1119% 112 1.292 n.m (+) Gain on asset sale 98 914 833% 112 1.012 807% (+) Gain on debt sale 120 n.m 120 n.m (+) Administrative Fine Reversal О 160 n.m 160 n.m (-) OPEX -5.286 -5.773 9% -6.629 -11.058 67% (-) HR -2.023 -2.289 13% -2.567 -4.312 68% (-) Non-HR -3.262 -3.483 7% -4.062 -6.746 66% = PRE-PROVISION INCOME 13.878 18.562 34% 10.853 32.440 199% (-) Net Expected Loss (excl. Currency impact) -1.419 -1.535 8% -1.656 -2.954 78% (-) Expected Loss -7.151 -6.231 -13% -8.146 -13.382 64% info: Currency Impact -2.062 -2.167 5% -1.725 -4.229 145% (+) Provision Reversal under other Income 3.670 2.529 -31% 4.765 6.200 30% (-) Taxation and other provisions -4.197 -4.109 -2% -3.477 -8.305 139% (-) Free Provision 0 n.m -950 n.m (-) Taxation -3.067 -3.048 -1% -1.357 -6.115 351% (-) Other provisions (excl. free prov.) -1.130 -1.060 -6% -1.170 -2.190 87% = NET INCOME 8.263 12.918 56% 5.721 21.181 270% 1 Neutral impact at bottom line, as provision increase due to currency depreciation are 100% hedged (FX gain included in Net trading income line)#32APPENDIX: KEY FINANCIAL RATIOS 1H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 32 Jun-21 Sep-21 Dec-21 Mar-22 Jun-22 Profitability ratios ROAE (Cumulative)1 19,2% 19,2% 18,9% 37,5% 43,1% ROAA (Cumulative)1 Cost/Income 2,2% 2,2% 2,0% 3,7% 4,3% 37,9% 37,0% 33,8% 27,6% 25,4% Liquidity ratios Loans/Deposits 91,7% 93,0% 81,5% 83,5% 82,3% TL Loans/TL Deposits 140,6% 146,2% 148,1% 133,5% 130,1% Adj. Loans/Deposits 74% 75% 64% 66% 66% (Loans adj. with on-balance sheet alternative funding sources) TL Loans/(TL Deposits + TL Bonds + Merchant Payables) 124,7% 128,5% 128,7% 119,5% 117,2% FC Loans/FC Deposits 58,9% 57,0% 52,2% 56,4% 54,2% Asset quality ratios NPL Ratio 4,0% 3,8% 3,6% 3,3% 3,0% Coverage Ratio 5,8% 5,6% 5,8% 5,5% 5,3% + Stagel 0,6% 0,6% 0,7% 0,8% 0,8% + Stage2 16,7% 16,9% 16,8% 17,0% 18,3% + Stage3 65,6% 68,8% 66,4% 67,4% 69,3% Cumulative Net Cost of Risk (excluding currency impact, bps)2 87 58 106 105 102 Solvency ratios CAR (excl. BRSA Forbearance) 15,9% 15,7% 14,1% 14,8% 15,1% Common Equity Tier I Ratio (excl. BRSA Forbearance) 13,4% 13,2% 11,5% 12,2% 12,8% Leverage 8,0x 7,9x 9,0x 8,8x 8,8x 1 Note: Excludes non-recurring items when annualizing Net Income for the remaining quarters of the year in calculating Return On Average Equity (ROAE) and Return On Average Assets (ROAA) for 1Q21, 2021, 3Q21 and 1Q22. 2 Neutral impact at bottom line, as provision increase due to currency depreciation are 100% hedged (FX gain included in Net trading income line)#331H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 33 APPENDIX: QUARTERLY & CUMULATIVE NET COR (Million TL) (Million TL) Quarterly Net Expected Credit Loss 3Q21 4Q21 1Q22 2Q22 Cumulative Net Expected Credit Loss 6M22 (-) Expected Credit Losses 2,001 10,809 7,151 6,231 (-) Expected Credit Losses 13.382 Stage 1 285 1,429 2,965 1,505 Stage 1 4.470 Stage 2 765 5,091 2,564 2,981 Stage 2 5.545 Stage 3 951 4,289 1,622 1,745 Stage 3 3.367 (+) Provision Reversals under other income 1,692 1,927 3,670 2,529 (+) Provision Reversals under other income 6.200 Stage 1 446 487 1,874 1,446 Stage 1 3.320 Stage 2 860 846 1,056 533 Stage 2 1.589 Stage 3 386 594 740 550 Stage 3 1.291 (=) (a) Net Expected Credit Losses 309 8,882 3,481 3,702 (=) (a) Net Expected Credit Losses 7.183 (b) Average Gross Loans 416,294 468,140 547,319 619,760 (b) Average Gross Loans 582.994 (a/b) Quarterly Total Net CoR (bps) 29 753 258 240 (a/b) Cumulative Total Net CoR (bps) 248 info: Currency Impact¹ 24 522 153 140 info: Currency Impact¹ 146 Total Net CoR excl. currency impact (bps) 5 230 105 99 Total Net CoR excl. currency impact (bps) 102 1 Neutral impact at bottom line, as provisions due to currency depreciation are 100% hedged (FX gain included in Net trading income line)#341H22 BRSA CONSOLIDATED EARNINGS PRESENTATION 34 DISCLAIMER STATEMENT Türkiye Garanti Bankasi A.Ş. 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