ASSESSMENT OF FINANCIAL POSITION, PROFITABILITY, AND SOLVENCY

As of December 31, 2025, Türk Eximbank’s balance sheet size is TL 1,291.5 billion (USD 30.1 billion).

Assets

Türk Eximbank’s assets consist of 87% loans, 4% liquid assets, 1% financial assets measured at amortized cost and 8% derivative financial assets and other assets.

The balance of loans extended by the Bank amounted to TL 1,125.2 billion. Loans increased by 48% compared to the previous year-end. Of total loans, 51.62% (TL 580.9 billion) are short-term loans, and 48.27% (TL 543.1 billion) are medium- and long-term loans.

Although a significant portion of the Bank’s resources is allocated as loans to the export sector, total Non-Performing Loans (NPLs) amount to TL 1.2 billion, and the NPL ratio to total loans is 0.1%, which is well below the sector average.

Through effective risk assessment methods, Türk Eximbank makes intensive efforts to ensure the timely and full collection of its receivables.

Liabilities

Türk Eximbank’s total liabilities of TL 1,291.5 billion are composed of 11.51% (TL 148.7 billion) equity, 87.61% (TL 1,131.5 billion) foreign liabilities, and 0.88% (TL 11.3 billion) provisions and other items.

Of the TL 148.7 billion in equity, 59.4% (TL 88.4 billion) is paid-in capital, 3.3% (TL 4.9 billion) is profit reserves and other items, 36.7% (TL 54.6 billion) is net profit for the period and 0.6% (TL 0.8 billion) is prior years’ profit.

The TL 1,123.7 billion in funds borrowed used to finance assets consists of TL 524.6 billion in loans from the Central Bank of the Republic of Türkiye (CBRT), TL 369.7 billion in loans from domestic and foreign banks and borrowings from money markets, TL 226.4 billion in securities issued, and TL 3 billion in subordinated debt instruments.

At its Ordinary General Assembly meeting on June 5, 2024, Türk Eximbank increased its registered capital ceiling to TL 120 billion. As of December 31, 2025, the Bank’s paid-in capital is TL 88.4 billion.

Solvency

As of December 31, 2025, Türk Eximbank’s ratio of liquid assets, including short-term loans, to short-term liabilities is 99%.

Income/Expense Accounts and Profitability

The fact that Türk Eximbank’s balance sheet is predominantly loan-based also has an impact on its income. The Bank’s total interest income is TL 162.1 billion, of which TL 141.5 billion, accounting for 87.3%, is interest income from loans.

On the other hand, as the Bank raises funds through borrowings from domestic and international money and capital markets and through Bonds, its interest expense is TL 108.7 billion. Of this amount, TL 93.6 billion, or 86.1%, is interest paid on loans from domestic and international sources, and TL 13.7 billion, or 12.6%, is interest paid on securities issued.

The Bank’s net profit for the accounting period ending December 31, 2025, was TL 54.6 billion. Consequently, the Bank’s return on assets was 5.02% and its return on equity was 58.39%.