Akbank T.a.s. · BIST:AKBNK
Akbank T.a.s — Q1 2026 Earnings Presentation
29 slides from Akbank T.a.s's earnings presentation, Apr 28, 2026
Slide 1: 1Q26 Consolidated Financial Results
1Q26 Consolidated Financial Results AK BANK “Built upon your trust”
Slide 2: 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) 26.02.2026, 2678 26022026 796 445 184 147 0 a ab ah aod ob gh abo oP oo oo obo oo se se 0 0 LOPE OMY YP www PP PP PP PP PPP PP PP oP AB oo oo do
Slide 3: Banking Sector: New headwinds from geopolitical and macro shifts
Banking Sector: New headwinds from geopolitical and macro shifts Global Outlook: Elevated policy uncertainty, persistent risks Y Geopolitical developments have increased market volatility, rising concerns regarding growth and inflation globally Domestic Economy: Strong fiscal buffers, with external
Slide 4: Akbank: Proven track record in navigating cycles
4 Akbank: Proven track record in navigating cycles Preserved strong capital position Sound solvency (16.1% CAR & 13.1% Tier 1) reinforces competitive positioning for profitable growth Risk-return focused loan growth Selectively grew in TL loans while prudently managing asset quality Solid & diversif
Slide 5: 1Q26: Sound start to the year...
1Q26: Sound start to the year... RoE aligned with quarterly projections Started the year with an RoE of 25.3% & RoA of 2.2%, as projected Well-executed treasury strategy created solid NI support Dynamic security portfolio management & strong customer business delivered strong trading line Resilient
Slide 6: Core revenue growth underpinned by improved NII momentum & solid fee income
6 Core revenue growth underpinned by improved Nil momentum & solid fee income Net Income Revenue (TLmn) ‘ eee oy MLmn) a a va NN QoQ AYoY 71,952 +9 |[+42 1Q26 \ oa RoE 12,388 +84 43 253% 19,143 +5 ]/+39 50,499 , / \ WA 13,732 ior | / 1Q26 RoA 27162 \ 22% 1Q25 1Q26 1Q25 1Q26 a ™ Swap adj. NIl_ = Net
Slide 7: Risk-return focused loan growth
Risk-return focused loan growth TL Loans Breakdown Total Loan Breakdown Evolution FX Loans (net, TL bn) (net, %) (net, USD bn) Market AYtD shares Market %)%) AYtD shares 61 1,341 +6 | [156 76 @ (%)—_(%) 1,271 63 13.7 61 61 1235 +1] [127 +4 +5 914.0 32% 32m cn am a 37 39 39 2 2025 1Q26 2022 2023 2024
Slide 8: Well-executed securities strategy contributes to solid NI evolution
8 Well-executed securities strategy contributes to solid NI evolution Total Securities Breakdown As of Total TL Assets TL Securities Breakdown (%) (%) (%) aYtD (%) 803 794 26.3 i 24.0 615 22.8 34% ° 217 207 27% 9 173 1926 46% 12.8 11.2 104 10.2 2024 2025 1Q26 2022 2023 2024 2025 1Q26 aqL FX TL Secur
Slide 9: Solid funding mix secures cost optimization
Solid funding mix secures cost optimization Deposit Currency Split LDR (TL bn) Market (%) AYtD shares® %) 0%) 3 106 2,318 14.9 2,173 +7 age +868 82 82 77 71 71 51 53 2022 2023 2024 2025 1Q26 2025 1Q26 mTL mFX TL FX Total » Strong & wide-spread deposit base secures cost-efficient funding strategies &
Slide 10: Broad-based external funding across maturities & structures
Broad-based external funding across maturities & structures WS Funding vs FX WS Funding Maturity Profile re Totak USD10 bn Liquidity Buffer (USD mn) PerpNC5.25: 15 call date Avg. maturity:2.5 yrs (USD bn) scheduled in 2029 & call exercise every 6 months after 1% call date 9) AQ Avg. 1Q26 | | H 2,792
Slide 11: Focused growth and funding adaptability to support NIM enhancement
Focused growth and funding adaptability to support NIM enhancement CPI Normalized Swap Adj. NIM Waterfall Swap adj. NIM Evolution bps) - %) Oe / 1926 “ Swap adj. . NIM +173 +12 \ 33% _/ — -40 329 242 -29 -18 ro 426 Deposit Borrowing Loan Securities Swap Other 1026 1Q25 2Q25 3Q25 4Q25 1Q26 © Solid st
Slide 12: Resilient & scalable income base powered by solid fee generation
12 Resilient & scalable income base powered by solid fee generation Net Fees & Commissions (TL mn) 1Q25 Payment Systems (+31% YoY) Pricing, strong customer acquisition & new product innovations 4Q0Q AYoY (%) (%) 32,402 | -6 | +35 1Q26 Wealth Management (+53% YoY) AK Asset Management Total AuM with T
Slide 13: Sustained cost discipline & operational efficiency
Sustained cost discipline & operational efficiency Opex (TL mn) QoQ AYoY (%) (%) 36845 [#19] [F41 +44 +65 26,165 14,804 Ea +28 8,959 eee 22,041 1Q25 1926 Non HR HR Opex Breakdown (%) 1Q26 Fee/Opex (%) mHR oo 106 = Marketing a 88 Other Regulatory BD m@ Depr. & Main. 2022 2023 2024 2025 1Q26 > Tempora
Slide 14: Risk discipline reflected in strong coverage ratios
14 Risk discipline reflected in strong coverage ratios Provision Build & Coverages Stage 2 & 3 Share in Gross Loans New NPL Evolution (%) (TL bn) (%) 2025 1026 10196. 104 105A 07 07 Stage 1 Coverage ap 78 52 v0 Stage 2 Coverage 118 104 as 141 135 148 . Stage 3 Coverage 637 65.6 : Stage 2+3 Coverage
Slide 15: Capital strength underpins scalable profitable growth
Capital strength underpins scalable profitable growth CAR (QoQ, bps) 168% ectorwide fonceayear ; E_revision i -60 ' hls +11 +74 +103 -20 Securities Loan Oprerational_ Dividend 2025 tM Impact Growth Risk Market k AT-11 t Profit Equity Ris a Coy Impact 1926 Sensitivity of Solvency Ratios (not linear)
Slide 16: ESG performance at a glance
16 ESG performance at a glance SUSTAINABLE FINANCE Supporting a more sustainable economy TL758 bn sustainable finance provided since 2020YE 43% sustainability wholesale funding TL 27 bn total ESG-themed and ESG rated funds ©) Sustainable Finance Framework in line with international standards ECOSYST
Slide 17: Quarterly ROE aligned with projections, geopolitical developments remains key consideration
Quarterly ROE aligned with projections, geopolitical developments remains key consideration 2026 Guidance 1Q26 Results TL Loan Growth FX Loan Growth «in usp) NIM (swap adj.) Net fees & com. growth Opex growth Cost/ income NPL Net total CoC (excl. ccy impact) ROE > 30% >10% ~h% > 30% Low-30%'s Low-40
Slide 18: Annex
O1 Annex AKBANK
Slide 19: Diversified loan portfolio reflects disciplined profitable growth
Diversified loan portfolio reflects disciplined profitable growth Gross Loan Breakdown (%) 1Q26 SME Loans: TL 332 bn ™Business ™ Business CC ™Consumer = Consumer CC Business Loan Sectoral Breakdown (%) [— Transport Vehicles & Sub-industry 7.6 -———_ Transportation & Logistics 7.5 24.2 Loan concentrat
Slide 20: Optimized asset allocation ensures resilient, long-term growth in shareholder value
Optimized asset allocation ensures resilient, long-term growth in shareholder value Composition of Assets Composition of Liabilities (TL bn, %) (TL bn, %) 3,559 3,644 3,559 gon | 3 = Tr 6 14 8 ma 14 22 53 2025 1Q26 2025 1Q26 Loans (net) mSecurities mReserve Requirement = Other mLiquid assets” "Depos
Slide 21: ‣ ~ ‣ ๏ ๏ ๏ ๏ ๏ ‣ ~ ๏ ๏ ‣ ~
‣ ~ ‣ ๏ ๏ ๏ ๏ ๏ ‣ ~ ๏ ๏ ‣ ~ ๏ ๏ ๏ ‣ ~ ๏ ๏ ‣ ๏ ‣ ๏ ๏ ๏
Slide 22: Active customer base up 83% since 21YE, reaching 15.5 mn
22 Active customer base up 83% since 21YE, reaching 15.5 mn Active Customer Base (mn) e +7.0 mn active " customers \. since 21YE / Digital 14.5 ig 10.8 13.1 penetration up 9pp to 88%, since 21YE , 2021 2022 2023 2024 2025 1Q26 2021 ~30x >95% ~70% ~80% ~90% Monthly avg Digital Credit Cards Time depos
Slide 23: Full scale financial powerhouse
Full scale financial powerhouse Subsidiaries’ Net Income (TL mn) 3,330 A 37% MAK Asset Management MAK Investment = Akbank AG ™AK Lease ™ Akbank Ventures BV AKTech AKOde ()) As of Feb'26 23. (@ Excluding issuances of banks and affiliated financial companies. All data ore based on BIST — AKBANK AG / B
Slide 24: Snapshot of Results
Snapshot of Results Profitability (%) 1Q25 1H25 9M25 2025 1Q26 ROE 227 201 20.4 215 253 ROE, Quarterly 227 177 210 249 253 ROA 2.0 18 18 19 22 ROA, Quarterly 2.0 15 18 22 22 Swap Adj. NIM 23 21 23 25 33 Swap Adj. NIM, Quarterly 23 20 27 31 33 ciIR® 511 545 52.4 50.6 50.6 CIR, Quarterly 511 58.2 58.2
Slide 25: Balance Sheet Highlights
25 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 26: Income Statement Highlights
26 Income Statement Highlights Consolidated (TL mn) Net Interest Income incl. swap cost NII 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 27: Transparent & holistic approach validated in our ratings
Transparent & holistic approach validated in our ratings Indices MSCI hee Range AAA/CCC Score A MSCI Dec'23 Dec'24 Oct'25 Mar'26 27 REFINITIV IK 0 SUSTAINALYTICS A+/D- O-40+ oa een Progress Refinitiv Sustainalytics ___—_® _®—S—$ —_ 2022 2023 2024 2025 2021 2023 2024 2025 Wepp A/D- A CDP (Climate Cha
Slide 28: Collaborations with national and international initiatives
Collaborations with national and international initiatives oBat Coy, & aX @) AL environment programme finance initiative net-zero banking alliance G 30%+ PATH TO PARITY FTSE4Good 6) BORSA ISTANBUL AKBANK
Slide 29: 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