#1March 2024 YapıKredi INVESTOR PRESENTATION#2Macroeconomic Overview Turkish Banking Sector Shareholder Structure Yapı Kredi at a Glance - Key Financial Figures Financial Performance Sustainability Approach Annex -2- YapıKredi#3Macro trends & Demographics I 7.5% GDP 12 month rolling 2.9% 1.9% 0.9% 11.4% 5.5% 4.5% 2017 2018 2019 2020 2021 2022 2023 Turkey statistics Total Population¹ (in mn) Population¹ <age 30 85.3 CAD/GDP -4.1% 45% Budget Deficit /GDP -5.2% 67.1% Household Debt²/GDP 12% Public Debt /GDP³ 30.5% 61.5% 64.8% 1 2 3 1. 2. 3. 2018 2019 36.1% 20.3% 14.6% 11.8% 2020 2021 Source: TUIK, as of 2022-end. Source: CBRT, as of June-end, 2023 Source: Ministry of Treasury and Finance, ratio as of September-end, 2023. 2022 Jan-23 64.3% 50.5% 38.2% Inflation YoY - Feb-23 Mar-23 Apr-23 May-23 Jun-23 Jul-23 Aug-23 Sep-23 Oct-23 Nov-23 Dec-23 Jan-24 Feb-24 Total assets/ Total loans 90% 44% GDP /GDP YapıKredi#4Macro trends & Demographics II 127% 141% 73% 68% 10% 2021 Selected Balance Sheet Item Shares in GDP 110% 96% 59% 50% 9% 2022 -Total Assets Loans Deposits Loans+Deposit -Equity 101% 90% 57% 44% 8% 2023 YapıKredi#5Macroeconomic Overview Turkish Banking Sector Shareholder Structure Yapı Kredi at a Glance - Key Financial Figures Financial Performance Sustainability Approach Annex - 5- YapıKredi#6Turkish Banking Sector Asset Breakdown of Banking System¹ Market Share Top 10 Banks³ Foreign Direct Free Float Assets Loans Ownership 9% State Ziraat Bank 16.2% 16.7% VakıfBank 11.9% 12.8% 6.0% 14% 45% Halk Bankası 10.4% 11.5% 8.5% USD 801 bn Private Isbank 10.4% 9.8% 33.6% Garanti BBVA 8.2% 8.9% 13.9% 31% BBVA (85.97%) Akbank 7.6% 7.3% 50.8% # of Banks² Yapı Kredi 7.4% 7.5% 38.8% ■Top 4 Private Banks 7 ■State Banks 26 ■ Other Private Banks QNB Finansbank 3.7% 4.4% 0.12% QNB (99.88%) DenizBank 3.6% 3.6% Emirates NBD (100%) TEB 1.5% 1.6% BNP Paribas (72.5%) 27 ■Participation & Development & Inv. Banks Yapı Kredi is the 4th largest private bank in Turkey with total assets worth USD 59bn. 123 1. Based on BRSA monthly data, as of December 2023. 2. Based on TBB data, as of December 31, 2023. 3. Based on BRSA bank-only financials, as of December, 2023. -6- YapıKredi#7Turkish Banking Sector - Commercial Banks TL Performing Loans¹ (TL bn) FC Performing Loans¹ (USD bn) 2023 Growth 7,291 54% 4,747 2,673 2,214 1,287 1,342 1,556 2017 2018 2019 2020 2021 2022 2023 L/D Ratios² 88% 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 -L/D -TL L/D NPL Ratio² 1.5% 194.4 184.8 168.2 161.4 149.6 126.1 121.6 2017 2018 2019 2020 2021 2022 2023 Capital Ratios² incl. forbearances 18.4% 14.7% 2023 Growth -4% ROAE² 33.4% -78% 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 CET1 -CAR 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 Notes:Commercial banks' figures 1. Based on BRSA weekly data, as of December 1, 2023 2. Based on BRSA monthly data, as of December 2023 -7- YapıKredi#8Turkish Banking Sector - Private Banks TL Performing Loans¹ (TL bn) 2,428 1,383 1,088 777 760 820 2023 Growth 3,698 52% 2017 2018 2019 2020 2021 2022 2023 L/D Ratios² NPL Ratio² 2.1% FC Performing Loans¹ (USD bn) 2023 Growth 114.4 98.9 88.0 84.2 76.0 64.6 60.4 2017 2018 2019 2020 2021 2022 2023 Capital Ratios² incl. forbearances 20.3% 16.5% ROAE² -6% 39.1% 86% 75% 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 CET1 CAR 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 2020 2021 2022 1Q23 2Q23 3Q23 4Q23 -L/D - -TL L/D Notes: Private banks' figures 1. Based on BRSA weekly data, as of December 1, 2023 2. Based on BRSA monthly data, as of December 2023 -8- YapıKredi#9Macroeconomic Overview Turkish Banking Sector Shareholder Structure Yapı Kredi at a Glance - Key Financial Figures Financial Performance Sustainability Approach Annex - 9 - YapıKredi#10Yapı Kredi Ownership Structure Koç Holding: Stable, long-term focused majority shareholder Notes: Free Float 38.83% Ownership Structure Koç Holding 20.22% Koç Largest exporting group in Turkey: ~7% of Turkey's total exports Koç Holding 2023 Koç Financial Services 40.95% Total Assets (TL mln) 2,858,965 Revenues (TL mln) Net Income (TL mln) 1,604,647 72,230 All information and figures regarding Koç Holding are based on publicly available September 30, 2023, unless otherwise stated Koç Holding Ratings: Moody's: B2 / S&P: BB- - 10 - YapıKredi#11Yapı Kredi Ownership Structure - Free Float Analysis 34% 31% 17% 17% 2021 2022 2023 Feb-2024 Domestic Individual 17% Foreign Domestic Institutional 50% 47% 54% 58% O-ill 58% 2021 2022 2023 Feb-2024 28% 25% 25% 19% 19% 2021 2022 2023 Feb-2024 Notes: Based on the MKK data dated 29.02.2024 -11- YapıKredi#12Macroeconomic Overview Turkish Banking Sector Shareholder Structure Yapı Kredi at a Glance - Key Financial Figures Financial Performance Sustainability Approach Annex -12- YapıKredi#13Yapı Kredi: A leading financial services group Yapı Kredi in Numbers¹ Number of Branches 780 Employees 15.009 Number of ATM's 5,185 POS Terminals >1.2mn Notes: 1. As of 2023-end 2. Market share based on Takasbank data as of 2023-end 3. Market share based on Borsa Istanbul data as of 2023-end 4. Leasing and Factoring market shares based on Association of Financial Institution data as of Dec'23 YapıKredi Invest Subsidiaries YapıKredi Asset Management YapıKredi Factoring 15.8% market share on the basis of market share in equities Advanced product management expertise with a 9.0%³ market share Solidly positioned in the sector with a 11.2% market share YapıKredi Leasing YapıKredi Nederland YapıKredi Azerbaijan A leading institution with 17.0% market share Strong transaction capabilities in foreign trade and structured commodity finance Investments in digital products and channels - 13- YapıKredi#14Market share gains in lucrative products, empowering profitability TL Customer Demand Deposits Individual Demand Deposits Individual TL Demand Deposits Notes: bps +178 15.6% 16.0% 14.2% 14.4% +317bps bps +451 16.3% 15.7% 19.9% 21.0% 18.2% 13.9% 16.5% 13.2% 2020 2021 2022 2023 2020 2021 2022 2023 2020 2021 2022 2023 Consumer Loans bps +253 General Purpose Loans bps +229 FC Loans -409bps 18.2% 18.7% 17.3% 18.8% 16.1% 17.5% 18.0% 16.5% 16.7% 16.0% 13.7% 12.6% 2020 2021 2022 2023 Market Shares among Private Banks Based on BRSA weekly data, FC Loans exclude loans provided to financial institutions. 2020 2021 2022 2023 2020 2021 2022 2023 - 14- YapıKredi#15Best-in class profitability with top-notch fundamentals Strength Highest Demand Deposit Share in Yapı Kredi Peer-1 Total Peer-2 Peer-3 Yapı Kredi Peer-1 Peer-2 Peer-3 Notes: Based on 2023 BRSA financials 1. Based on Bank-only BRSA financials Highest RoTE Highest FC LCR 42.1% Yapı Kredi Peer-1 Highest Total Loan Coverage¹ 505% Yapı Kredi Peer-1 Peer-2 = Peer-3 Peer-2 Peer-3 Profitability Highest NIM¹ 45.1% Yapı Kredi Peer-1 Peer-2 Peer-3 Highest Fee/OPEX 5.4% Yapı Kredi Peer-1 Peer-2 Peer-3 4.4% 178.2% - 15 - YapıKredi#16Macroeconomic Overview Turkish Banking Sector Shareholder Structure Yapı Kredi at a Glance - Key Financial Figures Financial Performance Sustainability Approach Annex - 16- YapıKredi#17Sustainable best-in-class profitability, highest ROTE for the 4th year in a row Net Profit (TL bln) % +29% 68 ROTE 57% 45% 53 2022 2023 Pre-provision Profit¹ (TL bln) +11% 86 78 20% 12% 2020 2021 RoA 1.7% 1.1% Inf Acc. Adj.²: 14.5% 2022 2023 5.4% 4.5% 2022 2023 2020 2021 2022 2023 Notes: 1. PPP (Pre-Provision Profit): NII+ Fees + Opex + Net Trading + Subsidiary & Dividend income - ECL hedge - collections 2. Inflation accounting ROTE: CPI-linker valuation at year-end inflation (64.8%) and 2022 stated SHE. 11.5%, if 2022 SHE restated with 2023 purchasing power - 17- YapıKredi#18Sound fundamentals, well equipped for normalisation Enhanced liquidity LDR 1 Resilient capital 2 LCR Notes: Tier-1w/o forbearance TL 104% 100% 93% 16.2% 15.8% 15.3% Total 85% 82% 78% Tier-1 Capital Buffer³ 575bps 2022 9M23 2023 2022 9M23 2023 Conservative Provisioning Lower Leverage* 505% 160% Highest among peers 4.4% 148% Total LCR FC LCR Total Coverage NPL Coverage 11.6x 9.7x 8.8x 2021 2022 2023 LDR= Loans / (Deposits + TL Bonds); 2. 3 months average; 3. 650 mio USD worth of AT-1 redeemed on 16 January 2024, Tier-1 impact: ~-150bps, 4. Based on Bank-only BRSA financials; 5. Based on 2023 BRSA financials of peers announced so far - 18- YapıKredi#19Controlled and lucrative loan growth through the year 1 TL Performing Loans (TL bln) 57% 19% % 1 FC Performing Loans (US$ bln) -9% 395 2022 521 9M23 Best-in-class TL Loan Yield² among Peers Quarterly (4Q23) Peer-2 Peer-1 Yapı Kredi +1% 619 10.1 8.9 9.1 9.2 7.7 7.6 2023 Bank-only 2022 Loan Breakdown (FX adjusted³) Cumulative (2023) 2023 Peer-2 Peer-1 Yapı Kredi Notes: 1. Loans exclude loans provided to financial institutions; adjusted for the FX indexed loans 2. Credit card related differences adjusted 3. Based on 2020 FX rate and MIS data, Retail loans include individuals, SME and credit cards. Bank-only Bank-only 9M23 2023 Retail Loans Corporate & Commercial Loans 68% 32% 2022 59% 41% 2021 49% 51% - 19 - YapıKredi#20Further support from demand deposits, thanks to increase in number of customers TL Customer Deposits (TL bln) 64% 10% TL Demand Customer Demand Deposits % 42' 7% 617 132 562 123 93 377 73% 72% Retail 68% Corporate & Share of Demand Commercial 32% 27% 28% 2022 2022 9M23 2023 9M23 2023 Total: 42% +113 bps ytd Market share¹ gains via small ticket focus TL Demand Deposit Individual TL Demand Deposit +69 bps q/a +29 bps ytd +54 bps 9/9 +112 bps 1. Market share among private banks as based on 29 December 2023 BRSA weekly sector data 2. Based on 2023 BRSA financials of peers announced so far ytd FC Demand (USD bln) Share in 60% Total FC 72% 70% 10 11 11 2022 9M23 2023 Highest among peers² - 20 - YapıKredi#21Quarterly expansion in TL loan-deposit spreads thanks to remarkable ALM Revenues 1,2 (TL bln) Core Revenue Margin³ 10.8% 8.2% +33% 9.10% 135 NIM Evolution³ (cumulative) -370bps Notes: 101 112 Core 94 23 8 Other 2022 2023 -223bps 6.85% +146bps 1.46% 5.39% -12bps -175bps -106bps 2022 NIM Core NIM CPI linkers Securities Repo & Borrowings Other 2023 NIM CC Fees/IEAS NIM inc. CC fees TL Loan – Time Deposit Spread 34 (quarterly) - TL Loan Yield TL Time Deposit Cost 4Q22 1Q23 2Q23 3Q23 4Q23 TL Loan Yield TL Loan - Deposit Spread 34 (quarterly) TL Deposit Cost 4Q22 1Q23 1.Revenues and other revenues exclude ECL collection income and trading income to hedge FC ECL 2. Core Revenues = NII + swap costs + net fee income 3. Based on Bank-Only financials, 4. Adjusted for credit cards 2Q23 3Q23 4Q23 - 21- YapıKredi#22Superior fee performance all across the board with annual growth at 142% Net Fee & Commision Income (TL bln) Net Fee & Commisions Composition¹ Cumulative 15.7 2022 Quarterly Notes: 1. Based on Bank-Only financials 11.0 % 142" 26% 38.2 2023 13.9 3Q23 4Q23 Bancassurance 6% % Investment Products 5% % 103 y/y 89 y/y Money Transfer 7% 132% y/y Lending Related 29% % 129 y/y Payment Systems 53% % 174 y/y - 22- YapıKredi#23Cost growth contained below guidance, best in class efficiency sustained Operating Costs (TL bln) 23.7 % 106' 48.8 12.1 2022 2023 3Q23 Notes: 1. 2. 123 Based on Bank-only financials, MIS data Adjusted for earthquake related costs 3. Including customer acquisition costs, World points and advertisement 38% % Cost Breakdown¹,2 y/y Regulatory 6% +109% Business Growth³ 34% +161% 16.6 Running 22% +74% 4Q23 HH HR 38% +85% Strong efficiency KPIs Fees / Opex Cost/Avg. Assets 78% 3.2% 2023 - 23 - YapıKredi#24Robust collections supporting CoR, highest coverage among peers maintained Quarterly Net NPL Formation ¹² (TL mln) Coverage & Cost of Risk (cumulative) Inflows 4Q23 3,331 3Q23 2,657 8,908 Collections -2,154 -2,684 -1,442 2Q23 -1,507 1Q23 1,363 Total Coverage³ 4.4% Cost of Risk 216bps CoR excluding collections ■Net CoR 147bps 118bps 111bps 110bps 84bps 38bps 33bps 31bps 14bps 1Q23 2Q23 3Q23 4Q23 2023 Net NPL Inflow -144 7,466 -27 1,177 8,472 Yapı Kredi Peer-1 Peer-2 2022 1Q23 1H23 9M23 2023 NPL Ratio 3.2% 3.7% 3.4% 3.0% 3.0% 2023 Net NPL Inflow Breakdown 2023 Net CoR Composition Corporate & Commercial SME 256 3,688 -56bps Stage I & II Stage III 141bps -71bps Specific Collections Consumer & CC 679 865 1,416 1,568 4,528 Currency 87bps Fully hedged 1Q23 2Q23 3Q23 4Q23 Notes: 1. 2. 3. Based on Bank-only BRSA financials Excluding the positive impact of NPL sales & write-offs; NPL Sales; 4Q23: 1.4 bln TL, 2Q23: 1.8 bln TL which was fully covered Based on 2023 BRSA financials of peers announced so far - 24 - YapıKredi#25Strong internal capital generation, healthy buffers even post AT-1 redemption CET-1 Tier-1 CAR 15.5% Reported 17.2% Reported 16.2% 15.8% 14.7% 14.2% 13.8% Regulatory limits • 8.05% 2022 9M23 2023 18.1% 19.1% Reported 18.1% 17.8% 16.9% 15.3% 13.8% excluding AT-1 T-2 issuance offsets AT-1 redemption • 12.0% • 9.55% 2022 9M23 2023 CAR Evolution 13 bps -220 bps -111 bps -381 bps -88 bps 2022 9M23 2023 +100bps TL interest rate impact on Capital ratios ~-20bps 10% depreciation impact on CAR: -25bps; CET-1: -42bps 19.1% 219bps 650 mln USD worth of AT-1 paid on 16 Jan '24 16.9% 667bps Tier-1 impact: ~-150bps 2022 Macro Env. Impact Market Risk Operational Risk Business growth Dividend Profit & Optimization 2023 Regulatory Forbearance 2023 Reported Notes: Capital Conservation Buffer: 2.5%; Counter-Cyclical Buffer: 0.051%; SIFI Buffer: 1.0% 650 mln USD worth of T-2 issued CAR impact: ~+150bps compensating for the AT-1 impact - 25 - YapıKredi#26Domestic International Details of main borrowings Syndications AT1 Subordinated Transactions ~ US$ 1.35 bln ■ May'23: US$ 201,5 mln and € 353,4 mln, all-in cost at SOFR+ 4.25% and Euribor+ 4.00% for 367 days. 35 banks from 21 countries Social Loan " Nov'23: US$ 359 mln and € 372,5 mln, all-in cost at SOFR+ 3.50% and Euribor+ 3.25% for 367 days. 39 banks from 22 countries Sustainability Linked 4Q23 US$ 500 min outstanding ■ Jan'19: US$ 650 mln market transaction, callable every 5 years, perpetual, 13.875% (coupon rate). PAID ■ Apr 24: US$ 500 min market transaction, callable at 5.25 years and every interest payment date onwards, perpetual, 9.743% (coupon rate) 2Q24 US$ 1.15 bln outstanding Jan'21: US$ 500 mln market transaction, 10NC5, 7.875% (coupon rate)- Basel III Compliant Jan'24: US$ 650 mln market transaction, 10NC5, 9.25% (coupon rate)- Basel III Compliant 1Q24 Foreign and Local Currency Bonds / Bills US$ 1.80 bin Eurobonds ■■Jun'17: US$ 500 mln, 5.85% (coupon rate), 7 years ☐ Mar'19: US$ 500 min, 8.25% (coupon rate), 5.5 years ■Sep'23: US$ 500 mln, 9.25% (coupon rate), 5 years- Sustainable4Q23 Nov 23: US$ 300 mln, 8.75% (yield rate), 5 years- Tap TL 400 mln outstanding Covered Bond PAID Mar'19: Mortgage-backed with 5 years maturity DPRS ◉ Dec'19: Mortgage-backed with 5 years maturity US$ 2.94 bln total outstanding ■■ Sep'23: US$ 714.4 mln and € 100 mln with maturities varying between 5 and 8 years and with 6 different investors Oct'23: US$ 175 mln with 5 years maturity and with 2 different investors >4023] Local Currency Bonds / Bills TL 7.32 bln total 4Q23 4Q23 4Q23 4Q23 ■ Jul'23: TL 762 mln, 6-month maturity Aug'23: TL 1,11 bln, 6-month maturity, ■Sep'23: TL 1,93 bln, 4-month maturity Oct'23: TL 753 mln, 4-month maturity Nov 23: TL 1,27 bln, 4-month maturity) 4Q23 Dec'23: TL 1,49 bln, 3-month maturity 4Q23 ☐ Subordinated Bonds TL 800 mln total - Jul'19: TL 500 mln, 10-year maturity, TLREF index + 193 bps ■ Oct 19: TL 300 mln, 10-year maturity, TLREF index + 130 bps YapıKredi#272023 Realization: Better than guidance Notes: 2023 Guidance 2023 Realisation TL Loan Growth < 40% 57% Volumes FC Loan Growth Reduction -9% NIM ≥ 5% 5.4% Revenues Fee Growth > 90% 142% Costs Asset Quality Profitability Cost increase < 120% 106% Total CoR ~ 100bps 14bps ROTE Inf. Accounting ROTE¹ > 30% 45% Mid-Low Teens 14.5% All figures are based on BRSA consolidated financials, except for NIM 1. Inflation accounting ROTE: Inflation accounting ROTE: CPI-linker valuation at year-end inflation (64.8%) and 2022 stated SHE. 11.5%, if 2022 SHE restated with 2023 purchasing power -27- YapıKredi#282024 Guidance 2024 Guidance Drivers TL Loan Growth Real Loan growth Real TL loan growth following a year of slowdown Volumes FC Loan Growth Low-Single Digit increase Pick up in FC loan demand NIM > 4.5% Leverage increase, improvement in core revenue, lower CPI linker contribution Revenues Core Revenue Margin > 8% Core Revenue Margin supported by dynamic ALM management & robust fee performance Costs Fee Growth > 80% All across the board strength backed by well built customer base Cost growth < 80% No sacrifice from HR & growth related costs, support from running costs Asset Quality Total CoR ~100bps Notes: All figures are based on BRSA consolidated financials, except for NIM Normalisation in unsecured retail lending with strength in coverege Inf. Acc. 2024 ROTE: Improvement - 28- YapıKredi#29Macroeconomic Overview Turkish Banking Sector Shareholder Structure Yapı Kredi at a Glance - Key Financial Figures Financial Performance Sustainability Approach Annex - 29 - YapıKredi#30Sustainability Net-Zero Banking & Sustainable Finance Committed to Net-Zero Banking Alliance (NBZA) in July 2023 Committed to SBTI since July 2021 Measuring Scope-3 Category 15: Investments emissions according to PCAF since 2021 ➤ Thermal Coal-related Power & Mining phase out The goal of 10% increase in the percentage of women entrepreneur customers with 2 or more active financial products from different categories by 2026 to support their financial resilience within the scope of UN PRB financial inclusion commitment Nature Friendly Mortgage & Auto loans Sustainability-Linked Loans ESG-Linked Investment Funds Ratings Leader in Turkey, Best-in-Class Globally MSCI AA AA Leader category The only bank in leader category in Türkiye since 2021 CDP Climate Change A Leadership WCDP DRIVING SUSTAINABLE ECONOMIES Score Above global sector average Scope-3 Category 15: Investments emission data disclosure since 2021 ESG RATINGS ссс B BB BBB AA AAA Indices & Initiatives Founding Signatory of: Included in 2023 BIST SUSTAINABILITY INDEX CONSTITUENT COMPANY FTSE4Good UNEP PRINCIPLES FOR FINANCE RESPONSIBLE INITIATIVE BANKING Bloomberg Gender-Equality Index Bloomberg Gender Equality Index UN GLOBA | COMPAC Global Compact Network Türkiye Finance for Biodiversity Pledge First Turkish Bank to become a signatory UN Net-Zero Banking Alliance Included in Sustainalytics' ESG Top-Rated Companies List Best Among the Top Tier-1 Turkish Banks WWE SUSTAINALYTICS ESG 2024 Risk Rating Score: 14.5 Low Risk Sustainable Fitch Score: 59 ESG Rating: 3 REGIONAL TOP RATED Sustainability Yearbook Member S&P Global Total ESG Score: 69 S&P Global Sustainability Yearbook Member 3rd time in a row - 30 - YapıKredi#31Sustainability Milestones . 2014 Yapı Kredi was included in the Borsa İstanbul (BIST) Sustainability Index The Bank established its Sustainability Committee 2015 First Sustainability Report An independent audit was performed for the first time on selected indicators of the Sustainability Report PR • 2016 Yapı Kredi prepared its first response to the CDP Climate Change Program. Yapı Kredi joined the WEPS platform created under the partnership of the United Nations Global Compact Agreement and (UN Women) . 2017 Yapı Kredi was included in the FTSE4Good Emerging Index The Bank became a founding signatory of the Global Compact Turkey's Declaration on Sustainable Finance • 2018 Yapı Kredi issued its first report under the Carbon Disclosure Project (CDP) Water Safety Program The Bank participated in the Business World Against Domestic Violence Project 2019 Yapı Kredi became one of the founding signatories of the Principles for Responsible Banking (PRB) of the United Nations Environment Programme Finance Initiative (UNEP FI) 2020 Yapı Kredi published its First Integrated Report • First green bond • The Bank was ranked among the CDP 2020 Water Security Program Leaders of Turkey by receiving the highest ranking (A- (Leadership)) • • 2021 Yapı Kredi became one of the supporters of the TCFD Yapı Kredi published its First Integrated Annual Report The Bank became one of the five companies from Turkey included in the 2021 Bloomberg Gender Equality Index The Bank launched its electric/hybrid vehicle loan program 2022 The Bank was ranked among the CDP 2021 Water Security Program Leaders of Turkey S&P Global 2022 Sustainability Yearbook - 31 - YapıKredi#32STEP: A new Program to trigger our customers' behaviors towards sustainability Reducing Paper Consumption Digital on-boarding E-statement & E-receipt Digital contracts/documents + STEP Points Blog and Podcasts Donation to NGOs YapıKredi stepp SUSTAINABLE PREFERENCE PROGRAM Sustainable Products Nature Friendly Mortgage Electric Vehicle Loan ESG Mutual Funds Points and Preferences step Step 50/ 1500 Points 1450 points left before you reach the first target. When you reach the target, we will make a donation on your behalf. Projects You Can Support With Your Step Points 50 Points Progress in January Paper Saving Completed 1/67 0 Points Sustainable Product/Service Preference 0 Points Sustainable Life Style Transportation preferences Daily step tracking NGO donations Conscious Consumption Sustainable Brand Preferences (Shopping from STEP Member Businesses) Notes: STEP: Sustainable Preference Program NGO: Non-Governmental Organization Sustainable Transportation Preference 0 Points Support to Non-Governmental Organization 0 Points Welcome to Step 50 Points Leading Sustainability Transformation Creating awareness Driving the demand for sustainable products Contributing to environment, climate & education - 32- YapıKredi#33Snowball for the Future: In honor of the «100th anniversary» of our Republic Pre-school Educational Development Programme TRANSFORMATION AWARENESS EXPERT SUPPORT Parents AWARENESS RISING CONTENT SUPPORT Please Click here to watch the launch movie Web: https://yapikrediyarinlarakartopu.com.tr . ih SUNA'NIN KIZLARI ihtiyaç haritası • Sustainability & Gender equality awareness Non-violence Basic ethical values GOOD PEOPLE COGNITIVE GOOD CITIZEN DEVELOPMENT SOCIAL DEVELOPMENT Children (0-6 year-old) Support self-awareness for better self expression Interaction with peers via games Focus on problem-solving & decision-making abilities Strengthen interpersonal communication skills EMOTIONAL DEVELOPMENT tong CHUV SON LLCLER Increase ability to use and produce information Scientific support to improve analytical intelligence Raising awareness on mathematics and digitalization PHYSICAL DEVELOPMENT Focus on comprehending their own and others' emotions Increase ability to cope with family problems . Strengthen physical coordination Healthy and balanced nutrition awareness Participation in physical activities Language skills and participation in oral activities - 33 - YapıKredi#34Macroeconomic Overview Turkish Banking Sector Shareholder Structure Yapı Kredi at a Glance - Key Financial Figures Financial Performance Sustainability Approach Annex - 34 - YapıKredi#35Ratings Fitch Ratings Rating Outlook Long Term Foreign Currency B Positive Long Term Local Currency B Stable Short Term Foreign Currency B Short Term Local Currency B Viability Rating b Govern Support ns National Long Term Senior Unsecured Debt A+ (tur) B Stable Moody's Long Term Foreign Currency Deposit Long Term Local Currency Deposit Short Term Foreign Currency Deposit Short Term Local Currency Deposit National Scale Rating Senior Unsecured Debt Rating Outlook B3 Positive B3 Positive Not Prime Not Prime Baa2.tr B3 Positive 15 March 2024: On 8 March 2024, International Rating Agency Fitch Ratings upgraded Turkiye Sovereign rating to "B+" from "B" while revised the outlook upwards to "Positive" from "Stable". Following this upward revision, on 15 March 2024, the rating agency upgraded Yapı ve Kredi Bank's long-term foreign currency deposit rating to "B" from "B-" while revised the outlook upwards to "Positive" from "Stable". Fitch has also upgraded Yapı ve Kredi Bank's long-term Senior Unsecured Debt rating to "B" from "B-". 17 January 2024: On 12 January 2024, International Rating Agency Moody's revised the outlook on Türkiye's Credit Rating from "Stable" to "Positive". Following this change, on 17 January 2024, the rating agency revised the outlook on Yapı ve Kredi Bank's long-term foreign currency deposit, long-term local currency deposit and senior unsecured debt from "Stable" to "Positive", affirming the rating "B3". On 12 January 2024, Moody's has also upgraded Türkiye's FC country ceiling rate from "B3" to "B2" and following that, on 17 January 2024, Yapı ve Kredi Bank's long-term FC counterparty risk rating is upgraded from "B3" to "B2". - 35 - YapıKredi#36Macro environment and banking sector Macro Environment Banking Sector - Private Banks 2021 2022 2023 2021 2022 2023 GDP Growth (y/y)¹ 11.4% 5.5% 4.7% Loan Growth (ytd) 40% 52% 51% TL 27% 76% 52% CPI Inflation (y/y) 36.1% 64.3% 64.8% FC (USD) -9% -15% -7% CAD²/GDP³ Cust. Deposit Growth (ytd) 58% 59% 61% -0.9% -5.4% -4.6% TL 28% 152% 83% Budget Deficit/GDP³ -2.6% -0.9% -5.4% FC (USD) 1% -20% -13% NPL Ratio 4.0% 2.7% 2.1% USD/TL (eop) 12.98 18.70 29.40 CAR4 19.6% 21.6% 20.3% 2Y Benchmark Bond Rate (eop) 22.7% 8.8% 39.7% ROTE 17.4% 48.2% 39.1% Notes: All macro data as of December 2023 unless otherwise stated Banking sector volumes based on BRSA weekly data as of 29 December 2023, CAR and ROTE based on BRSA monthly sector as of December 2023 As of 9M23 CAD indicates Current Account Deficit as of November'23 1. 2. 3. 2023 GDP Forecast 4. CAR includes regulatory forbearances - 36 - YapıKredi#37Securities portfolio 33% 30% 30% TL Securities 61% 64% 63% 66% 167 bn TL¹ 93% coverage 1 7% 7% 7% of Equity 1H23 9M23 2023 Fixed CPI Floating 404 bn TL 23% of total assets Notes: Based on Bank-Only financials Including Accruals 1. 2. Net of tax 4.7 4.7 4.6 34% FC Securities (in USD) 2022 9M23 2023 Fin. Assets At amortized cost 75.6% Securities Classification FVTPL 0.8% FVOCI 23.6% - 37- YapıKredi#38Consolidated balance sheet TL bln 2022 9M23 2023 9/9 y/y - Assets Bank Only Other Assets 4 Total Assets 1,184 1,678 1,863 11% 57% 10% Loans¹ 584 770 890 16% 52% 3 Other IEAS 16% TL Loans 395 521 619 19% 57% FC Loans ($) 10 9 9 1% -9% Loans 50% Securities 250 386 417 8% 67% TL Securities FC Securities ($) Customer Deposits 158 248 266 7% 68% 5 5 5 2% 5% Securities 23% 695 984 1,076 9% 55% TL Customer Deposits 377 562 617 10% 64% FC Customer Deposits ($) 17 15 16 1% -8% Liabilities Bank Only Borrowings 219 317 366 16% 67% SHE 10% TL Borrowings 24 23 25 9% 2% FC Borrowings ($) 10 114 11 12 8% 11% Shareholders' Equity 126 162 179 10% 42% Other 6 12% Assets Under Management 135 206 238 15% 76% Money Markets 3% Loans/(Deposits+TL Bills) 85% 78% 82% Customer Deposits 58% CAR² 18.1% 17.8% 16.9% Tier-1² 16.2% 15.8% 15.3% 5 Borrowings 14% Common Equity Tier-1² 14.7% 14.2% 13.8% Bank Notes: 1. 2. Loans indicate performing loans excluding loans provided to financial institutions. TL and FC Loans are adjusted for the FX indexed loans Excluding regulatory forbearances Deposits 2% 3. Other interest earning assets (IEAs) include Balances with the Central Bank Turkey, banks and other financial institutions, money markets, factoring receivables, financial lease receivables 5. 4. Other assets include investments in associates, subsidiaries, joint ventures, hedging derivative financial assets, property and equipment, intangible assets, tax assets, assets held for resale and related to discontinued operations (net) and other 6. Borrowings: include funds borrowed, marketable securities issued (net), subordinated loans. Intragroup funding / Total exposures is limited to cash excluding Business Related (i.e. Trade Finance), Repos and loro/nostro accounts Other liabilities: other provisions, hedging derivatives, deferred and current tax liability and other - 38 - YapıKredi#39Consolidated income statement TL million 4Q22 3Q23 4Q23 y/y 9/9 2022 2023 y/y Net Interest Income including swap costs 31,603 29,189 18,474 -42% -37% 77,802 73,778 -5% o/w NII 31,401 29,554 25,961 -17% -12% 79,258 79,417 0% 1 Income from CPI-linkers 21,097 24,237 19,062 -10% -21% 47,276 61,246 30% o/w Swap costs Fees & Commissions Core Revenues Operating Costs 201 -365 -7,486 n.m. n.m. -1,457 -5,639 n.m. 5,131 11,037 13,934 172% 26% 15,741 38,160 142% 36,734 40,226 32,408 -12% -19% 93,542 111,938 20% 9,741 12,073 16,607 70% 38% 23,657 48,803 106% Core Operating Income 26,993 28,153 15,802 -41% -44% 69,885 63,135 -10% Trading and FX gains/losses 1,300 6,288 4,190 222% -33% 11,658 26,928 131% Trading excl. ECL hedge 654 5,403 2,736 318% -49% 6,844 19,733 188% ECL hedging 646 884 1,454 125% 64% 4,815 7,195 49% Other income 213 600 1,422 568% 137% 1,014 3,505 246% o/w income from subs 66 370 744 n.m. 101% 236 1,624 589% Pre-provision Profit 28,506 35,041 21,414 -25% -39% 82,558 93,567 13% ECL net of collections 5,207 1,458 815 -84% -44% 12,952 8,333 -36% ECL (excl. currency impact) 4,561 573 -639 -114% -211% 8,137 1,138 -86% o/w Collections/Provision Reversals (-) -2,269 -2,480 -4,155 83% 68% -9,568 -15,892 66% Provisions for Risks and Charges & Other 107 33 92 -14% 182% 412 206 -50% Pre-tax Income 23,192 33,550 20,506 -12% -39% 69,194 85,029 23% Tax Net Income 5,762 8,964 1,199 -79% -87% 16,448 17,019 3% 17,429 24,586 19,307 11% -21% 52,745 68,010 29% ROTE RoA COR (excl. currency impact) 59% 66% 46% -13pp -20pp 57% 45% -12pp 6.1% 6.2% 4.4% -2pp -2pp 5.4% 4.5% -91bps 2.87% 0.27% -0.27% -3pp -1pp 1.47% 0.14% -133bps Notes: n.m.: not meaningful 1. Interest income from CPI linkers includes only inflation impact on principal amount and does not include the interest income from fixed coupon rate - 39 - YapıKredi#40Bank-only income statement TL million 4Q22 3Q23 4Q23 y/y 9/9 2022 2023 y/y Net Interest Income including swap costs 30,649 27,288 16,204 -47% -41% 74,849 66,984 -11% o/w NII 30,536 27,703 23,770 -22% -14% 76,948 72,902 -5% Income from CPI-linkers¹ 21,097 24,237 19,062 -10% -21% 47,276 61,246 30% o/w Swap costs Fees & Commissions 113 -415 -7,566 n.m. n.m. -2,099 -5,918 182% 4,511 9,765 12,989 188% 33% 14,134 34,482 144% Core Revenues 35,161 37,053 29,194 -17% -21% 88,983 101,466 14% Operating Costs 9,245 11,454 15,725 70% 37% 22,369 46,427 108% Core Operating Income 25,916 25,599 13,469 -48% -47% 66,614 55,039 -17% Trading and FX gains/losses 1,164 6,083 3,967 241% -35% 11,087 25,829 133% Trading excl. ECL hedge 518 5,199 2,513 386% -52% 6,272 18,634 197% ECL hedging 646 884 1,454 125% 64% 4,815 7,195 49% Other income 1,072 2,566 3,146 193% 23% 3,871 10,142 162% o/w income from subs 903 2,357 2,430 169% 3% 3,103 8,215 165% Pre-provision Profit 28,152 34,248 20,583 -27% -40% 81,572 91,011 12% ECL net of collections 5,107 1,585 609 -88% -62% 12,884 8,308 -36% ECL (excl. currency impact) 4,461 701 -845 -119% -220% 8,069 1,113 -86% o/w Collections/Provision Reversals (-) -2,237 -2,338 -4,159 86% 78% -9,296 -15,464 66% Provisions for Risks and Charges & Other 99 25 81 -18% 224% 374 152 -59% Pre-tax Income 22,946 32,638 19,893 -13% -39% 68,314 82,551 21% Tax Net Income 5,517 8,052 586 -89% -93% 15,569 14,542 -7% 17,429 24,586 19,307 11% -21% 52,745 68,009 29% ROTE RoA COR (excl. currency impact) 59% 66% 46% -13pp -20pp 57% 45% -12pp 6.5% 6.7% 4.7% -185bps -201bps 5.7% 4.8% -94bps 3.07% 0.37% -0.40% -347bps -77bps 1.60% 0.15% -145bps Notes: n.m.: not meaningful 1. Interest income from CPI linkers includes only inflation impact on principal amount and does not include the interest income from fixed coupon rate - 40 - YapıKredi#41Sectoral breakdown of loans Notes: Based on MIS Data, Loans include gross cash and non-cash loans Agriculture & Farming; 1.4% Chemicals 1.5% Tourism 1.6% Machinery 2.4% Transportation 2.7% Health & Education 3.3% Food & Beverage 3.4% Textile 3.5% Finance 3.8% Automotive 4.3% Metals 4.6% Wholesale Trade 5.0% Energy 6.0% Infrastructure & other construction 6.6% Individual Lending 39.6% - 41- YapıKredi#42Staging and coverages Total Coverage 5.9% 5.2% 4.4% 2022 9M23 2023 Note: Based on Bank-only BRSA financial 1. SICR: Significant Increase in Credit Risk Stage III Stage II Stage I 0.9% 0.9% 0.7% Coverage 83% 84% 86% 2022 9M23 2023 19.2% 16.9% 14.8% Coverage 49% SICR1 13.2% 12.2% 11.4% 5% Past Due 47% Restructured 2022 9M23 2023 2023 Coverage 76.1% 70.0% 70.5% 3.4% 3.4% 3.0% 2022 9M23 2023 - 42 - YapıKredi#43ECL details Notes: TL million 4Q22 1Q23 2Q23 3Q23 4Q23 2022 2023 Provisions 7,476 6,864 8,453 3,937 4,970 22,521 24,225 Stage-1 2,054 2,168 1,745 954 2,783 5,540 7,649 Stage-2 1,134 3,244 991 1,035 -392 5,817 4,877 Stage-3 4,288 1,453 5,716 1,949 2,580 11,163 11,698 Currency Impact -646 -459 -4,397 -884 -1,454 -4,815 -7,195 Provision Reversals -1,551 -4,389 -2,015 -780 -2,870 -5,780 -10,054 Collections -718 -1,371 -1,483 -1,700 -1,285 -3,788 -5,838 ECL 4,561 645 558 573 -639 8,137 1,138 Based on consolidated financials. - 43 - YapıKredi#44Disclaimer This presentation has been prepared by Yapı ve Kredi Bankası A.Ş. (the "Bank"). 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This presentation is only directed at and being communicated to the limited number of invitees who: (A) if in the European Economic Area, are persons who are "qualified investors" within the meaning of Article 2(1)(e) of the Prospectus Directive ("Qualified Investors"); (B) if in the United Kingdom are persons (i) having professional experience in matters relating to investments so as to qualify them as "investment professionals” under Article 19(5) of the Financial Services and Markets Act 2000 (Financial Promotion) Order 2005 (the "Order"); and (ii) falling within Article 49(2)(a) to (d) of the Order; and/or (C) are other persons to whom it may otherwise lawfully be communicated (all such persons referred to in (A), (B) and (C) together being "Relevant Persons"). This presentation must not be acted or relied on by persons who are not Relevant Persons. Any investment activity to which this presentation relates is available only to Relevant Persons and may be engaged in only with Relevant Persons. Nothing in this presentation constitutes investment advice and any recommendations that may be contained herein have not been based upon a consideration of the investment objectives, financial situation or particular needs of any specific recipient. If you have received this presentation and you are not a Relevant Person you must return it immediately to the Bank. - 44 - YapıKredi