Akbank (AKBNK) investor relations material

Executive summary

• Net income for H1 2026 rose 38% year-on-year to TL 34.3–34.4 billion, with ROE at 22.2% and ROA at 1.9–2.0%.

• NII expanded 95% year-on-year, supported by agile balance sheet management and targeted loan growth.

• Fee income grew 35% year-on-year, fully covering quarterly operating expenses and reflecting enhanced digitalization.

• Strong capital position with CAR at 16.4–17.48%, Tier 1 at 13.3%, and CET-1 at 11.3%.

• Asset quality remains robust with NPL ratio at 3.5–3.8% and Stage 2+3 loans at 11.5% of total.

Financial highlights

• Revenues increased 45% year-on-year to TL 140.3 billion; net interest income up 95% year-on-year.

• Net fees and commissions reached TL 64.4–69.1 billion, up 35% year-on-year.

• Operating expenses rose 37% year-on-year, with fee/opex ratio above 100% in Q2.

• Pre-provision income up 50% year-on-year to TL 68.97 billion.

• NPL ratio increased slightly to 3.8% from 3.7% at year-end 2025.

Outlook and guidance

• Full-year ROE guidance revised to 23–25% due to slower margin recovery and higher funding costs.

• TL loan growth guidance maintained at over 30%; FX loan growth in high single digits (USD terms).

• Fee income expected to grow above 30% for the year; cost-to-income ratio guidance revised to high 40s.

• NPL ratio guidance maintained at or below 3.5%; cost of risk guidance at 200 bps.

• 2026 inflation expectation revised to 30%, with policy rate at 37%.