QNB signed its name under significant achievements in the name of its customers and shareholders
Dear Shareholders,
During the second quarter of 2026, geopolitical developments, shifting expectations regarding monetary policies, and uncertainties surrounding tariff policies continued to shape the global economic outlook. Rising energy, commodity, and logistics costs adversely affected the inflation outlook while continuing to put pressure on economic growth. During this period, the European Central Bank (ECB) increased its policy rate in June, while expectations that the Federal Reserve (Fed) may implement further rate hikes in the period ahead strengthened. Heightened uncertainties continued to constrain risk appetite in financial markets, leading to volatile capital flows toward emerging markets.
In Türkiye, the disinflation process continued with determination, supported by the monetary and fiscal policies implemented. The Central Bank of the Republic of Türkiye (CBRT) maintained its tight monetary policy stance by introducing various measures targeting the foreign exchange market and Turkish lira liquidity in order to limit the impact of global market volatility on domestic markets. In addition to expenditure discipline and revenue-enhancing measures implemented under fiscal policy, the tax adjustment on fuel prices also supported price stability. Looking ahead, we expect the gradual easing of the tight monetary policy stance as global uncertainties diminish and the improvement in inflation continues.
As QNB Türkiye, we continued to achieve steady growth in a volatile market environment, supported by our strong balance sheet and disciplined risk management approach. As of June 30, 2026, our total assets increased by 16% compared to year-end 2025, reaching TL 2,136,275 million. During the same period, net loans rose by 17% to TL 1,263,006 million, while customer deposits increased by 13% to TL 1,077,167 million. Our net income for the first six months of 2026 amounted to TL 29,299 million.
We continued our efforts to strengthen our access to international funding during the second quarter of the year. With the participation of banks based in Japan and Europe, as well as international development finance institutions, we successfully completed a new securitization transaction totaling USD 320 million. As a result, our total securitization volume since the beginning of the year reached USD 700 million.
We also successfully renewed our sustainability-linked syndicated loan facility in the amount of USD 400 million. The proceeds, to be utilized within the scope of the QNB Group Sustainable Finance and Product Framework, will primarily support SME financing. The strong investor demand for the transaction once again demonstrated the international confidence in our Bank.
In addition, through the collaboration between the European Bank for Reconstruction and Development (EBRD) and our subsidiary QNB Leasing under the Türkiye Green Economy Financing Facility III (GEFF III), financing of up to EUR 50 million has been made available to support green investments and contribute to the economic recovery of the earthquake-affected region.
Our initiatives aimed at creating social value also continued at full pace during the second quarter. Under the umbrella of our Little Hands, Big Dreams platform, the Scratch Cup, organized in collaboration with Habitat Association, brought together 870 teams from 53 cities this year. Furthermore, through the Scratch Cup, we have contributed to providing more than 450,000 hours of training to over 55,000 children to date.
Within the scope of the Nature Pioneers Program, which we carry out in collaboration with the Ministry of National Education and WWF-Türkiye, we have reached more than 35,000 students to date. We believe that these initiatives, which contribute to the development of environmental awareness, technological literacy, and innovative thinking skills among children, play a significant role in building a more sustainable future.
We also continued to establish long-term collaborations in various fields that contribute to social development. Through our partnership with the Turkish Tennis Federation, we have become the main sponsor of padel in Türkiye. With this collaboration, we aim to contribute to the development of a comprehensive ecosystem for the sport, ranging from tournaments and athlete development to coach and referee education, as well as international competitions.
In the second half of the year, we will continue to closely monitor both global and domestic economic developments and create added value for our customers, investors, and all our stakeholders through strategies that support our strong financial structure and sustainable growth approach.
I would like to extend my sincere thanks to our valued employees, business partners, customers, and investors who contributed to these successful achievements.
Sincerely,
Ömür Tan
Chief Executive Officer
QNB Türkiye
