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Dear Shareholders,
We have left behind a year marked by heightened economic uncertainty and persistent geopolitical tensions. The wars between Russia and Ukraine and between Iran and Israel, the civil war in Sudan, the humanitarian catastrophe in Gaza, tensions along the India–Pakistan corridor, and various internal conflicts across Africa resulted in significant loss of life, mass displacement, and deepening humanitarian crises. These developments further amplified global economic uncertainty, while rising tariffs and protectionist policies continued to constrain global trade flows.
At the global level, efforts to bring inflation under control continued. Although an overall downward trend in inflation was observed, regional divergences became more pronounced. Policy interest rates were managed with caution, while market volatility persisted throughout the year. At the same time, investments in technology and artificial intelligence stood out as key drivers supporting global growth.
In Türkiye, the fight against inflation remained one of the top priorities throughout 2025. During a period marked by a continued tight monetary policy stance, strengthened fiscal discipline, and a sustained decline in inflation, economic growth remained moderate. In parallel, the decline in the country’s risk premium (CDS) led to a reduction in external borrowing costs.
Within this macroeconomic environment, QNB Türkiye concluded 2025 with a solid financial outlook. As of December 31, 2025, the Bank’s total assets increased by 36%* compared to year-end 2024, reaching TRY 1,837.3 billion. Over the same period, net loans grew by 42%* to TRY 1,081.5 billion, while customer deposits rose by 43%* to TRY 953.7 billion. QNB Türkiye reported a net profit of TRY 47.8 billion for the year ended 2025.
While continuing its operations with a strong financial position, our Bank also maintained its long-term value creation approach in non-financial areas. The 2050 Net-Zero Banking Commitment stood out as one of the key indicators of this approach. In the CDP 2025 assessments, our Bank was once again included in the Global A List for both the Climate Change and Water Security programs.
Under the “Minik Eller Büyük Hayaller” (Little Hands, Big Dreams) Corporate Social Responsibility Platform, which has been active for more than a decade, more than 750,000 children across Türkiye have been reached with the support of 4,500 volunteers since 2015. These initiatives aim to contribute to the development of children as innovative, creative, analytical, trustworthy, technologically adept, and solution-oriented individuals.
Support for sports also continued in 2025. While sponsorship of the TED Open Tennis Tournament was maintained, the Pink Ball Tennis Tournament helped raise awareness about the importance of early diagnosis in breast cancer, contributing to greater social awareness.
Another key development for our Bank in 2025 was the commencement of Enpara’s operations as a separate bank in September. With this transition, the number of banks in Türkiye under the majority ownership of Qatar National Bank increased to two. Enpara’s entry into the sector is regarded as a significant step for the development of the digital banking ecosystem.
Looking ahead, 2026 is expected to present a more challenging outlook in terms of global economic and political conditions. Increasing uncertainties and rapidly changing dynamics are expected to further heighten the importance of strong capital structures, effective risk management, and agile decision-making capabilities. In this context, institutions that can adapt to change, leverage technology effectively, and manage risks prudently are anticipated to be better positioned for resilience.
Sincerely,
Ömer Aras
Chairperson of the Board of Directors
Footnote
* In order to ensure comparability in financial performance assessments, Enpara.com operations, which were separated from the Bank during 2025, have been excluded from the 2024 figures. Previously reported amounts have been restated by deducting the transferred operations, and growth rates have been calculated based on the adjusted figures.
