Dear stakeholders,
We have left behind a challenging year marked by trade restrictions and geopolitical developments that complicated decision-making processes on a global scale. Uncertainties and market volatility remained elevated, while inflation, food, energy and commodity prices, as well as monetary policy implementations, continued to be closely monitored. It is expected that global uncertainty and fluctuations will remain high in 2026 as well.
Amid this global environment of uncertainty, our country completed the year with continued progress under the economic program implemented to strengthen economic resilience and ensure stability. Inflation maintained its downward trend, balanced growth was sustained, and both the current account and budget balances followed a positive trajectory. The decline in our country’s risk premium, the increase in foreign exchange reserves, and positive revisions in our credit rating indicate that the favorable outcomes of this process have begun to materialize.
It is well recognized that the banking sector plays a critical role in strengthening the structural resilience of our economy. As the largest and leading bank in the sector, Ziraat Bank continues to operate with a model that prioritizes areas generating the highest contribution to the economy rather than purely volumetric growth. The Bank strives to secure funding both domestically and internationally, aims to allocate resources effectively and efficiently, and endeavors to ensure that everyone, everywhere, can access financial services in a fast and high-quality manner.
While continuing our activities with the objective of contributing more significantly to our economy, we also focus on building a strong financial structure. As of year-end 2025, our total assets increased by 57% to approximately TL 8.5 trillion, while our shareholders’ equity, supported by profitability, grew by 55%. Ziraat Bank’s solo balance sheet size reached USD 199 billion, and the consolidated balance sheet size of the Ziraat Finance Group increased to USD 218 billion.
The majority of our assets consist of loans. In 2025, our cash loans increased by 48% to reach TL 4.2 trillion. Our non-cash loans grew by 51% to TL 1.6 trillion, bringing our total loan portfolio to over TL 5.8 trillion.
In line with our Turkish lira-focused lending policies, more than 60% of our cash loans consist of loans extended in Turkish lira.
Within the framework of our strategy to ensure the efficient allocation of resources and to finance high value-added areas, 84% of our cash loans were extended to the real sector. In the distribution of these loans, priority has been given to sectors such as agriculture, manufacturing, exports, and SMEs. In addition, in line with our green transformation and sustainability focus, we prioritize financing that supports the real sector’s transition to low-carbon production models.
In alignment with our country’s 2053 Net Zero Emissions target, we focus on investments in renewable energy, clean technologies, and green infrastructure. Through high value-added investments that take environmental and social impacts into account, we continue to contribute to sustainable growth and to the green transformation of the national economy.
Within the scope of our national priorities, which have always been at the forefront of our agenda, we plan to announce our first Carbon Reduction Strategy and, in 2026, disclose our Climate Transition Strategy for the sectors we have identified. In line with this strategy, we aim to place our financing approach—supporting the real sector’s transition to low-carbon production—within a measurable and trackable framework.
We attach importance to diversifying our products in a manner that supports our strategy, such as our Carbon Reduction Support Loan designed for investments that contribute to carbon reduction and energy and resource efficiency. We continue to conduct our activities by taking into account our carbon and water footprints not only in our financing activities but also across all operational processes. In this context, all of our Bank’s electricity needs have been supplied from renewable sources through the 64 MW installed-capacity Ziraat Solar Power Plant (SPP), which became operational in 2025.
As Ziraat Bank, we systematically monitor our environmental impacts and strive to implement reduction-focused practices.
Our agricultural loan portfolio, through which we provide financing support to the agricultural sector under favorable conditions, has reached approximately TL 831 billion.
At Ziraat Bank, we attach importance to efficiency, mechanization, and industrialization in agricultural production. Through a comprehensive range of products and services offered with a holistic approach—particularly those supporting women and young farmers, cooperatives, rural development, sustainable agriculture that reduces carbon footprint, and food security—we effectively deliver financing solutions “from farm to table.”
As the strongest supporter of the agricultural ecosystem, Ziraat Bank is not merely a financial institution providing agricultural loans, but also one of the most significant actors within the agricultural ecosystem, which constitutes a cornerstone of the national economy.
Within the scope of financing the real sector, the manufacturing industry holds the second-largest share in our cash loan portfolio after agriculture. We believe that supporting production is essential, and we place particular emphasis on financing SMEs, which are a key driver of production and employment. By strengthening our collaborations with institutions such as KGF, İGE, and KOSGEB, securing funding from international financial institutions, and designing need-based financing packages, we provide favorable financing conditions to SMEs, tradespeople, exporters, and manufacturing companies.
Our Bank’s asset quality continues to maintain its strong position, supported by provisioning levels as well as non-performing loan and close monitoring ratios that remain below the sector average. Performance indicators remain positive, backed by early warning systems, a consistently strong collection performance, and effective restructuring processes.
Through our correspondent network established with 1,789 banks across 145 countries worldwide, as well as our subsidiary banks and overseas branch network in 20 countries, we continue to facilitate our customers’ access to global markets and contribute to the secure, swift, and sustainable growth of trade. In this context, our share in Türkiye’s foreign trade transactions has exceeded 19%. We maintain our position as the sector leader in export loans, with approximately 25% of Türkiye’s total exports realized through our Bank.
Approximately one-third of Türkiye’s foreign trade is conducted with the countries in which we operate abroad. Facilitating foreign trade transactions between Türkiye and these countries, and particularly contributing to the increase of export volumes, remain among our key priorities. Accordingly, the foreign trade volume conducted through our overseas service network increased by 34% over the past year, reaching USD 13 billion.
Deposits, which constitute the main source of funding for our balance sheet with their widespread base, exceeded TL 5.4 trillion as of year-end 2025. We continue our efforts to diversify our funding structure—particularly through non-deposit funding obtained from abroad—and to extend the maturity profile of our liabilities. In April and October 2025, we secured two sustainability-themed syndicated loans totaling USD 2.8 billion. In addition to syndications, funding obtained from abroad through products such as remittance-backed securitizations, post-financing facilities, bilateral agreements, repos, Eurobond issuances, and bank deposits exceeded USD 25 billion. Furthermore, our equity was strengthened through USD 1.1 billion in subordinated debt obtained from international markets.
We provide banking products and services to our customers through Türkiye’s most extensive physical banking network, consisting of 1,745 branches—being the sole bank in 373 settlements—and 7,900 ATMs nationwide. While continuously enhancing this service network within the framework of efficiency and productivity, we are also intensively advancing our efforts in digital banking. In this context, our digital bank, Ziraat Dinamik, and our payment institution, Ziraat Pay, have commenced operations. Our mobile banking application, Ziraat Mobile, is the most widely used mobile financial application in Türkiye, and one out of every five digital banking transactions in the country is conducted through our Bank’s digital channels. Our active digital customer base has reached approximately 25 million.
As Ziraat Finance Group, we offer integrated and comprehensive solutions to our customers through our strong subsidiary structure operating in the core areas of the financial sector, including participation banking, investment services, technology, portfolio management, financial leasing, electronic money, digital banking, and financial investments.
Our overseas organization continues to enhance its effectiveness and competitiveness on a global scale, and we are steadily expanding our service network in strategic geographies where we see growth potential. Our branch in Tirana, for which we have obtained an establishment license from the Central Bank of Albania, will commence operations shortly. With Albania, the number of countries in which our Bank operates will increase to 21.
As Ziraat Finance Group, we will continue, with determination, to deliver the most suitable solutions to our customers’ needs in every sector and geography in which we operate, and to grow with strong and sustainable steps in sectors and markets that offer new opportunities.
We continue to conduct our activities with a focus on efficiency. In this regard, we consider profitability as a key element that supports our equity, strengthens our financial structure, and enables us to generate greater added value for our country and our customers. In this context, the approximately TL 161.5 billion net profit we generated in 2025 will make a significant contribution to the implementation of our strategies in the upcoming period.
As Ziraat Bank, we contribute to social responsibility projects through the initiatives we undertake in the fields of culture, arts, and sports. Through our museums and exhibitions located in three major cities across Türkiye, our Bank works diligently to preserve cultural heritage and to make art accessible to wider audiences. At the same time, we attach importance to the unifying and transformative power of sports. With our Ziraat Bankkart volleyball team, which successfully represents our country in international competitions, as well as through our investments in youth development and support for young athletes, we contribute to the strengthening of Turkish volleyball and to the development of young people. Our Bank, which has served as the title sponsor of the Ziraat Turkish Cup—one of the most prestigious tournaments in Turkish football and closely identified with our name—for 17 years, has also become the title sponsor of the Turkish Basketball Cup this year, thereby creating a lasting and inclusive social impact across different branches of sports.
As Ziraat Finance Group, with a strong and efficiency-oriented financial structure, we will continue to support the areas that generate the highest added value for our economy, to contribute further to our country and our customers, and to prioritize being not only a bank with a deep-rooted history and the responsibility of being the sector’s leader, but also a dynamic and pioneering institution within the evolving financial system.
Our Bank successfully concluded 2025 as a result of the dedicated efforts of our employees and will continue to be the leading bank of our country in 2026. On this occasion, I would like to extend my sincere thanks to our employees and to our valued customers and business partners who contribute to our success.
Alpaslan ÇAKAR
General Manager
