Akbank (AKBNK) investor relations material

Executive summary

• Entered Q1 2026 with strong fundamentals, resilient balance sheet, and robust capital and liquidity positions amid geopolitical and macroeconomic volatility.

• Delivered a strong start to 2026 with ROE of 25.3% and ROA of 2.2%, in line with projections.

• Maintained disciplined risk management, cost control, and selective lending to preserve asset quality and profitability.

• Continued digital transformation, with 88% digital penetration and over 95% of transactions via digital channels.

• Total assets grew to TL 3.64 trillion, loans to TL 2.02 trillion, and deposits to TL 2.32 trillion, reflecting robust balance sheet expansion.

Financial highlights

• Net income for Q1 2026 reached TL 19,143 million, up 39% year-over-year.

• Revenue increased 42% year-over-year to TL 71,952 million, with NII up 87% to TL 43,086 million and net fee income up 35%.

• Cost/income ratio remained in the low 40% range, with operating expenses at TL 22.0 billion.

• NPL ratio stable at 3.5%, with strong coverage ratios (Stage 3 coverage at 65.6%).

• ROE reached 25.3% and ROA 2.2%, in line with projections.

Outlook and guidance

• Guidance for 2026 targets TL loan growth above 30%, FX loan growth above 10%, and ROE in the high-20% range.

• Net interest margin (swap adjusted) expected around 4%, with net fees and commissions growth above 30%.

• Cost/income ratio expected to improve toward low-40% range.

• Asset quality and cost of credit expected to remain stable within full-year guidance despite macro headwinds.

• Policy rate expected to decline from 37-40% to 34% by year-end, with inflation moderating to 28% and GDP growth to 3%.