QNB signed its name under significant achievements in the name of its customers and shareholders
Dear Shareholders,
The year 2025 stood out as a period marked by heightened geopolitical uncertainties on a global scale, the reshaping of international trade dynamics, and a deceleration in economic growth momentum, driven in part by the relatively tight stance of monetary policies.
In Türkiye, the implementation of tight and decisive economic policies, supported by macro-prudential measures, made a significant contribution to the disinflation process. During this period, monetary policy instruments were used effectively to ensure the permanent restoration of price stability, while the policy rate gradually declined in line with the inflation outlook and prevailing market conditions. While these policies supported improvements in the overall economic outlook, they also had implications for the banking sector. Across the sector, the recovery in net interest margins materialized with a relative lag, while market conditions led to a limited deterioration in asset quality, broadly in line with expectations. In balance sheet management, constraints on credit growth, targets for the share of Turkish lira deposits, and existing regulatory requirements remained the key determinants. Maintaining a strong capital structure, the banking system demonstrated significant resilience in the face of these challenges. As economic conditions began to stabilize, more favorable conditions emerged for external funding in terms of both cost and maturity diversification. Although the tight policy stance had certain short-term effects on the banking sector, the policies implemented are expected to contribute to the sector’s sound growth and sustainable profitability in the medium to long term.
During this period, our Bank maintained its strong financial performance, guided by a balanced and profitable growth strategy. As of 31 December 2025, compared to 2024 year-end, our total assets increased by 36%* and reached TL 1,837.3 billion. Over the same period, net loans increased by 42%* and amounted to TL 1,081.5 billion, while customer deposits increased by 43%* to TL 953.7 billion. Our net profit for the year 2025 amounted to TL 47.8 billion.
At the same time, with the awareness of operating in an earthquake-prone country, we continued to implement our Integrated Disaster Management Program with determination in order to safeguard business continuity and ensure the highest level of safety for our employees. Within this framework, we commissioned a new head office facility in Ankara at the beginning of 2025, geographically backing up our Istanbul-centered operations. This strategic step represents a key resilience measure, enabling our Bank to sustain all critical functions without interruption under potential crisis scenarios.
Alongside our strong financial performance, we also concluded a year in which we consistently advanced our sustainability commitments. The funding we secured from international markets further supported our robust financial position. In the first half of the year, we obtained a sustainability-linked syndicated loan totaling USD 600 million, once again reinforcing both our financial strength and our credibility among international investors. In addition, in the second half of the year, QNB Türkiye renewed another syndicated loan, marking a first in Türkiye by borrowing exclusively at two- and three-year maturities, and secured a new sustainability-linked syndicated facility totaling USD 450 million from international markets.
The issuance of a USD 100 million Climate Transition Bond, realized in collaboration with the International Finance Corporation (IFC), constituted a significant demonstration of our commitment to expanding sustainable financing resources. The transaction ranked among the world’s first implementations fully aligned with the Climate Transition Bond Guidance published by the International Capital Market Association (ICMA) in November 2025. While representing IFC’s first Climate Transition Bond investment globally, this structure also strengthened QNB Türkiye’s position in sustainable finance on the international stage.
Our 2050 Net-Zero Banking Commitment, which we publicly announced in September, stands as a tangible reflection of our sustainability vision. Through this commitment, we aim not only to reduce our own carbon footprint but also to effectively channel our financing capacity toward supporting low-carbon investments.
This approach continued to receive strong recognition on international platforms. 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, while also receiving an A score for the Deforestation Program, which we reported for the first time. As a result, we became one of the limited number of companies to be included in the Global A List across all three programs. These results, achieved within one of the world’s most prestigious environmental disclosure platforms, confirm at the international level our transparent reporting approach and strong environmental performance in line with our 2050 Net-Zero target.
Throughout the year, we continued to pursue our focus on enhancing social impact with the same level of commitment. Through our “Minik Eller Büyük Hayaller” (Little Hands, Big Dreams) Corporate Social Responsibility Platform, which has been in place since 2015, we reached more than 750,000 children across Türkiye with the support of 4,700 volunteers. Our aim has been to contribute to the development of children as innovative, creative, analytical, and solution-oriented individuals.
Under the Nature Pioneers Program, which we carry out in collaboration with WWF Türkiye, we have increased environmental and climate awareness in more than 24,000 children since 2023. Through the Scratch Cup project implemented in partnership with the Habitat Association, we have provided nearly 400,000 hours of coding education to more than 45,000 children since 2015. Furthermore, through the “Water for Life” project, launched in 2025 in cooperation with the United Nations Development Programme (UNDP) and the Habitat Association, we reached over 3,600 children in 20 cities across Türkiye. Interactive trainings on the water cycle, water-saving methods, and the importance of water for nature strengthened children’s environmental awareness. One of the key outcomes of these efforts, the Water Awareness Festival, enabled children to explore the value of water through experiential and engaging activities.
In 2025, we also continued to support sports. While contributing to the development of international sports in Türkiye through our long-standing sponsorship of the TED Open Tennis Tournament, we also raised awareness of the importance of early detection in breast cancer through the Pink Ball Tennis Tournament, thereby supporting broader social awareness.
The year 2025 also marked a significant development for our Bank and the Turkish banking sector. Following the partial spin-off of Enpara from our Bank, the number of banks in Türkiye with Qatar National Bank as the main shareholder increased to two. As of the date of transaction, Enpara ranked among the major banks in the sector.
Despite volatile market conditions, QNB Türkiye continued to deliver strong and profitable growth during this period, while both our Bank and our subsidiaries received numerous prestigious awards at the local and global levels in recognition of their achievements. In the period ahead, we will continue to support the national economy through our customer-centric and solution-oriented approach and remain a key contributor to sustainability-driven growth. I would like to extend my sincere thanks to our valued employees, business partners, customers, and investors who contributed to these achievements.
Yours faithfully,
Ömür Tan
General Manager, QNB Türkiye
*In order to ensure comparability in financial performance assessments, the balances of Enpara.com, which spinned-off from the Bank during 2025, have been excluded from the 2024 figures. Accordingly, previously reported amounts for prior periods have been restated by deducting the transferred operations, and growth rates have been calculated based on the adjusted figures.
