[CONSOLIDATION_METHOD_TITLE] [CONSOLIDATION_METHOD]
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JCR Eurasia Rating affirmed Türkiye Vakıflar Bankası T.A.O.ratings of "AAA(Trk)" on the Long-Term National Scale and "A-1+(Trk)" on the Short-Term National Scale along with a "Stable" outlook. The Long Term International Foreign and Local Currency Ratings have been approved as ‘BB', representing the country ceiling level.

According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.