Operator
Good morning. Welcome to VakifBank Audio Webcast Fourth Quarter 2025 Bank-only Earnings Results. (Operator Instructions) I’d like to introduce our speakers for today. First of all, Ms. Ece Yasan Yilmaz, the Head of Investor Relations. But first, Head of International Banking and Investor Relations at VakifBank. I hand you over now to Mr. Ali Tahan. Sir, over to you.
Ali Tahan
Senior VP and Head of International Banking & Investor Relations
Thank you, Rob. Good afternoon, everybody, and welcome to 2025 Q4 Earnings Presentation Conference Call. Without ado, I would like to start with the presentation as usual. In this quarter, as you can see in the first page, we are glad to announce a very strong Q4 P&L as guided and expected. This quarter, we reportedly announced TRY 28.1 billion quarterly income, which brought full year net income number to TRY 70.1 billion, which is up by 73% itself compared to previous year cumulative net income number of TRY 40.4 billion.
And during this quarter, we also set aside further TRY 4 billion free provisioning. Without such free provisioning action, our quarterly net income will be even stronger and materialized at TRY 32.1 billion, which is up by 170% on a quarterly basis. Those quarterly earnings are one of the strongest in the peer group in Turkey, and we are very glad to announce such strong numbers.
With such P&L numbers, our reported quarterly average ROAE came at above 38%, and it would be even close to 44% in case we wouldn’t set aside such TRY 4 billion free provisioning. And those quarterly numbers also
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