Akbank T.a.s. · BIST:AKBNK
Akbank T.a.s — Q2 2026 Earnings Presentation
30 slides from Akbank T.a.s's earnings presentation, Jul 28, 2026
Slide 1: 2Q26 Consolidated Financial Results
2Q26 Consolidated Financial Results AK BANK “Built upon your trust”
Slide 2: How has the outlook changed?
How has the outlook changed ? ~~ pring Domestic Economy > Disinflation progressing more gradually: Geopolitical uncertainty lifted commodity prices, revising 26YE inflation expectation to 30% (prev. 22-25%) » Rate cut expectations pushed back: Easing cycle expected to resume once geopolitical tensio
Slide 3: Executing today: Proven adaptability in an evolving environment
Executing today: Proven adaptability in an evolving environment Preserved strong Yield & maturity focused Selective, disciplined Strategic liability capital position asset composition loan growth management Sound solvency (16.4% CAR, Asset mix shifting towards 80 bps quarterly market share2 120 bps
Slide 4: Transforming for tomorrow: Non-stop innovation & differentiation by leveraging AI
Transforming for tomorrow: Non-stop innovation & differentiation by leveraging Al Sales & Service Model Next-Gen Digitalization 00 mom » Segment-based service model » Core engines: Al-powered mobile app & digitized B2B . payment flows © Advisory-led banking: Deepening advisory capabilities across co
Slide 5: Agile balance sheet management, resilient core revenues
Agile balance sheet management, resilient core revenues Revenue Net Income (Thmn) 4.Q0Q AYoY (Thmn) (%)—(%) Va \ 140,320 -5 |[+45 / 1H26 4 QoQ AYoY RoE (%)—(%) 171906 999% 34,333 [-21 | [+38 96,828 \ Z 17,840 esi / 1H26 RoA 54,032 \ 19% / 1H25 1H26 o 1H25 1H26 m= Swap adj. NIl_ = Net Fee Income "Net
Slide 6: Asset mix optimization through targeted loan growth
Asset mix optimization through targeted loan growth As of Total TL Assets Total Loan Breakdown Evolution TL Loans Breakdown (%) (net, %) (net, TL bn) Market AYtD shares ® 0%) - 56 59 % 1499 [+18] [159 67 63 on 62 1271 896 31% % 23 37 39 38 ohh 22 33 20 2h 2024 2025 1H26 2022 2023 «= 2024 «= 2025. 1H
Slide 7: Diversified loan portfolio reflects disciplined profitable growth
Diversified loan portfolio reflects disciplined profitable growth Gross Loan Breakdown Business Loan Sectoral Breakdown FX Loans (%) (%) (net, USD bn) AYtD Market shares (%) 13.9 +3 13.0 Conglomerate 7.4 (%) Transport Vehicles & 7 , Sub-industry 135 [~ Transportation & 7 7, Logistics Business loans
Slide 8: Well-executed securities strategy supports margin evolution
Well-executed securities strategy supports margin evolution Total Securities Breakdown TL Securities Breakdown (%) yen (%) (%) 569 874 +9 528 ey 803 +20 4a7 s/s 2 615 orm 35% rie 27% 2024 2025 1H26 2024 2025 1H26 Q@ atl FX BCPI mFloating mFixed =Corp.Bonds Other ® > Agility in security portfolio man
Slide 9: Sound customer franchise solidifies cost optimization
Sound customer franchise solidifies cost optimization Deposit Currency Split LDR (TL bn) Market (%) AYtD shares“ (%) (6) 106 asi [#16 | [149 89 2 2,173 1,633 82 82 77 75 71 51 53 2024 2025 1H26 2022 2023 2024 2025 1H26 eTL mFX TL FX Total » Strong deposit franchise underpins funding cost optimizatio
Slide 10: Broad-based external funding across maturities & structures
Broad-based external funding across maturities & structures WS Funding vs FX WS Funding Maturity Profile Total USD 11 bn Liquidity Buffer (USD mn) PerpNCS.2S: 1% call date Avg. maturity: 27 yrs (USD bn) scheduled in 2029 & call exercise every 6 months Y . after 1% call date ® (2Q Avg.’ H 2,484 FX LC
Slide 11: NIM reflects geopolitical uncertainty & tighter funding conditions
11 NIM reflects geopolitical uncertainty & tighter funding conditions Swap Adj. NIM Waterfall . Swap adj. Quarterly NIM Evolution (bps) / 1H26 (2%) Swap adj. NIM, 3.3 +31 +19 \ 31% / +55 — . | +7 329 = 304 -166 -13 -9 1Q26. Loan CGPI Securities Deposit Borrowing 2Q26 NIM Yield linkers exe cpl Other
Slide 12: Strong fee generation enables robust and scalable earnings base
12 Strong fee generation enables robust and scalable earnings base Net Fees & Commissions (TLmn) AQoQ AYoY (%) (e) ED ; i 1H25 1H26 Lending Related (+20% YoY) Solid customer Payment Systems (+33% YoY) Strong customer acquisition & new product innovations (2) Net fees & commissions growth acquisition
Slide 13: Effective cost management & operational excellence
Effective cost management & operational excellence Opex Breakdown (%) “ OPEX: \ +37% YoY \-1% QoQ , BHR m= Marketing “ \ Other / 1H26 \ Regulatory . m™ Depr. & Main. CIR® aIT \ BL6% Fee/Opex (%) 106 88 94 72 58 2022 2023 2024 2025 1Q26 1H26. » Fee/opex improved back to 101% in 2Q26 (1H26: 94%), refl
Slide 14: Prudent risk management underpinned by strong coverage ratios
14 Prudent risk management underpinned by strong coverage ratios Provision Build & Coverages Stage 2 & 3 Share in Gross Loans New NPL Evolution (%) (TL bn) Y 10.4 105 . 116 | (%) 2025 1H26 aie Ei : Stage 1 Coverage O07 07 20.8 Th a) 152 170 : Stage 2 Coverage 18 105 63 35 148 : Stage 3 Coverage 637
Slide 15: Strong capital base enables long-term profitable growth
Strong capital base enables long-term profitable growth CAR (QoQ, bps) fon +21 +4 161% +56 -49 -28 1Q26 Credit + FXLoan Profit Securities Equity Mark a Risk Cey MtM Coy Risk Impact Impact Impact 1H26 ‘ Excess : Capital: \TL119 bn» Solvency Ratios (%) 161 164 13.3 n3 131 1LO0 1Q26 1H26 1Q261H26 126 1
Slide 16: Revised 2026 guidance on slower disinflation path and tighter financial conditions
Revised 2026 guidance on slower disinflation path and tighter financial conditions Previous 1H26 Revised Macro Assumption FX Loan Growth (in usp) >10% 3.0% | |High-single digit | Inflation 22-25% 30%. NIM (swap adj.) ~4% 31% 32-35% | Policy Rate 28-31% 37% Net fees & com. growth > 30% 34.9% > 30% GD
Slide 17: Strategically aligned towards 2028 targets
Strategically aligned towards 2028 targets N~" + 30 O bps * Business Loans (TL+FX) +40 bps Selective & risk-return focused loan growth market share gain® ~10 O bps > Consumer loans ® (@) bps Strategic moderation in consumer lending amid tight financial conditions market share gain NN 20 O bps » TL d
Slide 18: ESG performance at a glance
18 ESG performance at a glance SUSTAINABLE FINANCE Supporting a more sustainable economy TL 841 bn sustainable finance provided since 2020YE 34% sustainability wholesale funding TL 26 bn total ESG-themed and ESG rated funds ® Sustainable Finance Framework in line with international standards ECOSYST
Slide 19: Annex
O1 Annex AKBANK
Slide 20: Turkish Economy: Market reaction to shocks relatively contained
Turkish Economy: Market reaction to shocks relatively contained FX Deposits Capital Inflows CBRT Net Foreign Assets (bn USD) (bn USD) (excl. swap, bn USD) 2449 26.02.2026, 2678 26022026 79.6 40.0 18.4 147 as PPE EL IL ELIE LENS 8 EEL FEES FES EES ESEEESS LLLP PLP LD VL oo a & oP FEF LES F LHF VF KEY
Slide 21: Strategic asset allocation reinforces long-term value creation for shareholders
Strategic asset allocation reinforces long-term value creation for shareholders Composition of Assets (TL bn, %) 4,012 3,559 pT pF 3 13 recy ° 22 54 2025 1H26 qa) mLoans (net) mSecurities mReserve Requirement =Other = Liquid assets 21 (1) Cash and cash equivalents Composition of Liabilities (TL bn,
Slide 22: ‣ ~ ‣ ๏ ๏ ๏ ๏ ๏ ‣ ‣ ~ ๏ ๏ ๏
‣ ~ ‣ ๏ ๏ ๏ ๏ ๏ ‣ ‣ ~ ๏ ๏ ๏ ๏ ๏ ‣ ~ ‣ ~ ๏ ๏ ๏ ๏ ‣ ๏ ๏ ‣ ๏ ๏
Slide 23: Active customer base
Active customer base Active © Customer Base (mn) 14.5 13.1 a i 15.2 2021 2022 2023 2024 2025 1H26 ~30x >95% ~70% Monthly avg Digital Credit Cards mobile login channel sold through frequency migration of digital customer transactions @ channels 13, (1) Based on MIS data, Active: Login in last 3 month
Slide 24: Full scale financial powerhouse
Full scale financial powerhouse Subsidiaries’ Net Income AKBANK AG / Banking Gian) > Akbank Group's European flagship with a robust 29% CAR as of 1H26 AKLease /Leasing * Net lease receivables market share of 12.3% 7,258 AKYatirim / Brokerage > Leader in corporate bond issuances ® with 39% market sha
Slide 25: Snapshot of Results
Snapshot of Results Profitability (%) 1H25 2025 1Q26 1H26 ROE 201 215 25.3 222 ROE, Quarterly 177 24.9 25.3 19.4 ROA 18 i) 22 19 ROA, Quarterly 15 22 22 16 Swap Adj. NIM 21 25 3.3 31 Swap Adj. NIM, Quarterly 2.0 31 33 3.0 cIR® 54.5 50.6 50.6 516 CIR, Quarterly 58.2 46.3 50.6 527 (%) Total LDR 80 86
Slide 26: Balance Sheet Highlights
26 Balance Sheet Highlights Consolidated (TL mn) Cash and due from Banks Securities TL FX (USD) Loans (net) TL FX (USD) Other Total Assets Deposits TL FX (USD) Funds Borrowed and Bonds Issued Repo Other Equity Total Liabilities and S/H Equity 2025 621,183 803,398 528,250 6,422 1,850,222 1,270,556 13
Slide 27: Income Statement Highlights
27 Income Statement Highlights Consolidated (TL mn) Net Interest Income incl. swap cost Nil o/w CPl-linker income Swap Cost Fees and Commissions (Net) Net Trading Gain (Loss) ECL hedge gain/ (loss) Other Other Income Operating Expense Pre- Provision Income Provision for Loan Losses, net of collectio
Slide 28: Transparent & holistic approach validated in our ratings
Transparent & holistic approach validated in our ratings Indices MSCI & Range AAA/CCC. Score A MSCI Dec'23 Dec'24 Oct'25 Mar'26 28 REFINITIV IK 0 SUSTAINALYTICS A+/D- O0-40+ A (vow tld Progress Refinitiv Sustainalytics __-&—_2—® _28—3—s 2022 2023 2024 2025 2023 2024 2025 2026 Wepp A/D- A CDP (Climat
Slide 29: Collaborations with national and international initiatives
29 environment programme finance initiative G 30%+ Club PATH TO PARITY FTSE4Good BORSA ISTANBUL Collaborations with national and international initiatives net-zero banking alliance AKBANK
Slide 30: Disclaimer Statement
Disclaimer Statement The information and opinions contained in this document have been compiled or arrived at by Akbank from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. All opin