Akbank (AKBNK) Corporate Presentation summary

Operating environment

• Türkiye's young, dynamic population and low household debt support long-term growth and financial stability.

• GDP growth remained robust at 4.0% YoY in 1Q24, with inflation projected at 43% for 2024.

• Banking sector saw strong TL loan growth and stable deposit rates, with prudent regulatory oversight.

• Economic activity indicators show resilience in production, consumption, and labor markets.

Akbank overview

• Akbank is majority-owned by Sabancı Holding, a leading Turkish conglomerate, with 30% foreign investor participation.

• Operates across banking, asset management, leasing, brokerage, e-money, and venture capital, with a strong European presence.

• Board and executive team have deep experience, with a focus on innovation, client-centricity, and trust.

• Core values emphasize trust, client focus, integrity, innovation, and social responsibility.

Strategic direction and digital transformation

• Bifocal strategy balances robust core banking with future-focused investments in digital, analytics, and sustainability.

• Digital transformation accelerated, with 78% growth in active digital customers since 2021 and 65% of new customers acquired digitally.

• Over 100 digital products and services offered, with high digital sales penetration in credit cards, deposits, and loans.

• Innovative platforms like Akbank Mobile, Juzdan, and Tosla enhance customer experience and financial inclusion.