Akbank T.a.s. · BIST:AKBNK
Akbank T.a.s — Q4 2025 Earnings Presentation
38 slides from Akbank T.a.s's earnings presentation, Feb 6, 2026
Slide 1: 4Q25 Consolidated Financial Results
4Q25 Consolidated Financial Results 2026 & Beyond Outlook AK BANK “Built upon your trust”
Slide 2: > < ‣ ‣ ‣ ๏ ๏ ๏ ๏ ‣ ‣ ~ ๏ ‣
> < ‣ ‣ ‣ ๏ ๏ ๏ ๏ ‣ ‣ ~ ๏ ‣ ๏ ~ ๏ ‣ ‣ ‣ ๏ ๏ ~ ‣ ๏ ‣ ๏ ‣ ๏ ๏ ๏ →
Slide 3: Akbank: Well-positioned to deliver sustainable & profitable growth
Akbank: Well-positioned to deliver sustainable & profitable growth Robust capital buffers underpin resilience Solid solvency (16.8% CAR & 13.6% Tier 1) ‘ creates competitive advantage for long-term profitable growth Prudent approach in provisioning Stage 2+3 loans / total loans is limited at 10.8%,
Slide 4: 2025 targets: Solid progress supported by focused execution
2025 targets: Solid progress supported by focused execution 3YR Targets 3YR Achievements > i +4.4 mn isiti ivati + 5 mn Net active customer base Customer acquisition/activation reflects strong > Digital active customer base +4.5 mn franchise and digital capabilities ~300 bps ° Gensunsr lens +440 bps
Slide 5: Executing today, transforming for tomorrow
Executing today, transforming for tomorrow 2025 (> Effectively navigated challenging environment through selective market share gains and disciplined ALM 2026T ff ROE above inflation through continued risk-return focused growth 2028T Customer-centric value creation through non-stop innovation & diff
Slide 6: What's next: Building on 3YR achievements, strategic ambitions
What’s next: Building on 3YR achievements, strategic ambitions on the road to 2028 ~200 bps ~LOO% <35% market share gain Business Loans Consumer TL Demand (TL+FX) (12) Loans (3) Deposits Fee / Opex Cost / Income Ratio Ratio Driving growth while preserving Delivering ROE above capital leadership © in
Slide 7: Renewed NII support & strong fee income reinforced core revenues
Renewed NII support & strong fee income reinforced core revenues Revenue Net Income unac) oan avey (mn) 222,033 [+12 |[+50 / 2025 4.Q0Q 4 YoY 51 +5 RoE 215% 6) an ear (4Q: 24.9%) 57,224 [+30 [+35 148,188 \ y 27,661 L ' 42,362 (2025 \ RoA19% (4Q: 2.2%) 2024 2025 ® 2024 2025 m= Swap adj. NIl_ = Net Fe
Slide 8: Broad-based loan growth underpins sustainable profitability
Broad-based loan growth underpins sustainable profitability FX Loans Total Loan Breakdown Evolution (net, USD bn) TL Loans Breakdown (net, TL bn) (net, %) Market Market £.Q0Q a wy shares cy 4. QoQ AYOY shares ® 4) ey) 76 67 (%) (%) (9%) 1271 63 61 13.5 [45] [+10] [127 896 +12 +47 19.9 12.3 32% = a 3
Slide 9: Proactive securities positioning focused on yield maximization
Proactive securities positioning focused on yield maximization TL Securities Breakdown Total Securities Breakdown Security Yields (%) (Avg, %) (on TL) 4Q0Q AYoY (%) 6) 803 +5 || +31 QoQ AYoY 615 +119 +350 589 54.6 567 54.5 497 (%)__(%) “ etd a an 447 27% a 28.8 287 305 295 284 18% So 89 89 61 62 > 0
Slide 10: Well-executed funding mix contributes to cost optimization
Well-executed funding mix contributes to cost optimization Deposit Currency Split LDR (TL bn) Market (%) QoQ AYoY shares (%) (%) (%) 06 2,173 +7_| [83 ] [fas 7 _——* 1633 82 82 77 71 51 53 2022 2023 2024 2025 2024 2025 eTL mFX TL FX Total > Funding cost optimization through flexible B/S, solid deposi
Slide 11: Margin recovery set to continue
Margin recovery set to continue CPI Normalized Swap Adj. NIM Waterfall Quarterly Total Swap Cost & CPI Linker Income (bps) Ly IN (TL mn) / 2025 \. Swap adj. NIM +194 +16 25% / — ~ 15,872 16,961 17,244 16,652 . : a a a a -35 -32 250 ano -4,998 -7,081 eS -13,608 3Q25 Deposit Borrowing Securities Other
Slide 12: Robust fee performance underpins future delivery
Robust fee performance underpins future delivery Net Fees & Commissions Net Fees & Commissions Income Breakdown (TL mn) (%) QoQ AYoY 120,972 mm bey : m Payment Systems ™ Business Loan 73,719 Wealth Management 2025 Bancassurance ™ Money Transfer ™ Consumer Loan é | Other 2024 2025 Bancassurance Payme
Slide 13: Cost discipline sustained, opex growth contained
Cost discipline sustained, opex growth contained Opex Opex Breakdown (TLmn) *aea “yey (ce) 113,727 +5 | [+33 NS -4 +26 / 2025 © 85,477 CIR BHR , 39,536 J +11 ff +37 | 50.6% 0) a Marketing 31,402 NN yA Other 2025 Regulatory 74,191 / 2025 \ Cee & Main. 54,075 Cost/ Asset \ 37% / 2024 2025 N a m= Non H
Slide 14: Scale & customer penetration driving fee market share gain
Scale & customer penetration driving fee market share gain Fee/Opex Net Fee Income Market Share (%) (%) 178 106 162 164 72 13.9 2022 2023 2024 2025 2022 2023 2024 2025 » Outstanding fee/opex ratio demonstrates strategic focus on enhancing customer driven revenues and disciplined cost management © Fe
Slide 15: Prudent risk approach reflected in strong coverage ratios
15 Prudent risk approach reflected in strong coverage ratios Provision Build & Coverages Stage 2 & 3 Share in Gross Loans New NPL Evolution (%) (TL bn) ee 168 9G9E = == = = Stage 1 Coverage 0.9 O07 74 st as 148 15.2 age 2 Coverage 14.6 118 141 135 . Stage 3 Coverage 58.8 637 Stage 2+3 Coverage 28.0
Slide 16: Growth delivered, solvency preserved, future advantage secured
Growth delivered, solvency preserved, future advantage secured CAR (QoQ, bps) Sensitivity of Solvency Ratios (not linear) ® © 10% TL depreciation: ~30 bps © 100 bps TL interest rate increase: ~10 bps “) © 1% NPL increase: ~30 bps Without forbearances / 42h iss YoY profit contribution; 17.2% +30 +28
Slide 17: 2025: ESG performance at a glance
17 2025: ESG performance at a glance SUSTAINABLE FINANCE Supporting a more sustainable economy TL 681 bn sustainable finance provided since 2020YE 46% sustainability wholesale funding 2 TL 36 bn total ESG-themed and ESG rated funds ©) Sustainable Finance Framework in line with international standard
Slide 18: 2025: Effectively navigated challenging environment through selective market share gains and disciplined ALM
2025: Effectively navigated challenging environment through selective market share gains and disciplined ALM 2025G 2025 TL Loan Growth > 30% 418% FX Loan Growth in usp) Mid-single digit 10.1% NIM (swap adj.) 3-35% 25% Net fees & com. growth ~ 60% 64.1% Chest sheet | Opex growth ~ 40% 33.1% ae ‘a Cos
Slide 19: 2026: Strategically positioned for ROE above inflation
19 2026: Strategically positioned for ROE above inflation 2026 Guidance TL Loan Growth FX Loan Growth (in usp) NIM (swap adj.) Net fees & com. growth Opex increase Cost/ income © NPL Net total CoC (excl. cy impact) ROE > 30% >10% ~4% > 30% Low-30%'s Low-40%'s ~ 3.5% ~ 200 bps High-20%'s () CIR calcu
Slide 20: Annex
O1 Annex AKBANK
Slide 21: Economic activity heat map
21 Economic activity heat map Growth (yoy, %) 78 7.6 Growth (seas. adj, qoq %) (Fos) 17 09 Production (seas.adj) Industrial Production (qoq, %) oS 17 Manufacturing PMI 501 488 Capacity Utilization Rate Electricity Production (qoq, %) Consumption (seas. adj, qoq) Retail Sales Volume Index 1 38 32 22
Slide 22: 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 3,559 2,653 15 — vn 34% 22) 52 2024 2025 2024 2025 Loans (net) mSecurities mReserve Requirement =Other = Liquid assets” mDeposit mRepo mEqu
Slide 23: Well-diversified loan portfolio anchors high-quality growth
Well-diversified loan portfolio anchors high-quality growth [Consumer Loans” 39.44 SME loans’ share in total gross loans 10.6% (TL 203 bn) 32.3 Loan concentration below 3% +—— — Commercial Credit Cards 5.1 Lo Transportation & Logistics 4.3 L___, Transport Vehicles & Sub-industry 4.2 LC" 3.3 Food 1 C
Slide 24: Pioneered the market with successful wholesale funding transactions
Pioneered the market with successful wholesale funding transactions ws Funding vs FX WS Funding Maturity Profile Tota USD9.8 bn Liquidity Buffer (USD mn) PerpNC5.25: 18 call date Avg. maturity:2.3 yrs (USD bn) scheduled in 2029 & call | exercise every 6 months after 1% call date ®) AQ Avg. FX LCR i
Slide 25: ‣ ~ ‣ ~ ๏ ๏ ๏ ๏ ๏ ๏ ‣ ~ ๏ ‣
‣ ~ ‣ ~ ๏ ๏ ๏ ๏ ๏ ๏ ‣ ~ ๏ ‣ ~ ๏ ๏ ๏ ๏ ‣ ๏ ๏ ‣ ๏ ๏ ‣ ‣ ๏ ๏ ๏
Slide 26: Active customer base up 80% since 21YE, reaching 15.2 mn
Active customer base up 80% since 21YE, reaching 15.2 mn Active ® Customer Base y Active © Digital Customer (mn) / . tn) +67 mn active = customers ae a A. since 21YE_/ ae 145 /— Digital > 125 10.8 13.1 penetration 87 112 85 up 8pp to 87% : since 21YE , 2021 2022 2023 2024 2025 2021 2022 2023 2024 20
Slide 27: Full scale financial powerhouse
Full scale financial powerhouse -— AKBANK AG / Banking Subsidiaries’ Net Income > Akbank Group’s European flagship with a robust 34% CAR as of 2025 (TL mn) AKLease / Leasing 11,399 » Net lease receivables market share of 12.4% © AK/Yatirim / Brokerage > Leader in corporate bond issuances ® with 33%
Slide 28: 2026: Continue our ESG roadmap aligned with 2030 SDGs
28 2026: Continue our ESG roadmap aligned with 2030 SDGs Sustainable Finance Climate Change > Support decarbonization by engaging with customers and » Execute decarbonization roadmap for portfolio and operations, product innovation with interim targets to reach net zero by 2050 and publish the progr
Slide 29: 2025: Sustainable finance for green & inclusive transformation
2025: Sustainable finance for green & inclusive transformation On track for long-term goals in sustainable finance Progress on 2030 Sustainable Finance >» Provided TL 265 bn sustainable finance in 2025 Target of TL 800 bn (TL bn) > Appointed Akbankers from each regional directorate as "Sustainable F
Slide 30: 2025: Innovative products & services to enhance businesses and financial health
30 2025: Innovative products & services to enhance businesses and financial health Continued to empower women SMEs > Achieved 11% increase YoY in the # of women-led business customers in 2025 (outperformed our financial inclusion annual target of 10%) » Since the launch of our efforts in the women S
Slide 31: 2025: Empowering our people and communities
31 2025: Empowering our people and communities Further strengthened Diversity, Equity and Inclusion (DEI) culture > Through the 4th term of Akbank Role Model Program, we continued to provide training and mentorship to Akbankers, supporting their journey and promoting women's representation across al
Slide 32: 2025: Advance efforts to mitigate environmental footprint & manage climate risk
32 2025: Advance efforts to mitigate environmental footprint & manage climate risk Loan portfolio emissions — Step by step towards our 2050 net zero target > Disclosed interim emission reduction targets in line with PCAF © methodology for 4 asset classes and 4 prioritized carbon intensive sectors v
Slide 33: Snapshot of Results
33 Snapshot of Results Profitability (%) ROE ROE, Quarterly ROA ROA, Quarterly Swap Adj. NIM Swap Adj. NIM, Quarterly cIR® CIR, Quarterly (%) Total LDR TL FX Leverage (x) Asset Quality (%) NPL Ratio Stage 3 Coverage Stage 2/ Total Gross Loans Stage 2 Coverage Net CoC Net CoC, Quarterly Net CoC (excl
Slide 34: Balance Sheet Highlights
34 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 2024 508,933 615,054 446,864 4,767 1,329,667 896,015 12,2
Slide 35: Income Statement Highlights
35 Income Statement Highlights Consolidated (TL mn) Net Interest Income incl. swap cost Nil o/w CPI-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 36: Transparent & holistic approach validated in our ratings
Transparent & holistic approach validated in our ratings Indices MSCI @ Range AAA/CCC. Score AA MSCI Dec'22 Dec'23 Dec'24 Oct'25 2022 REFINITIV [~ A+/D- A- Refinitiv 2023 2024 Progress 2021 aly SUSTAINALYTICS WZ O-40+ 14.8 (Low Risk) Sustainalytics 2023 2024 2025 Wepp A/D- A CDP (Climate Change) 202
Slide 37: Collaborations with national and international initiatives
37 Collaborations with national and international initiatives opAL Coy, YY Ny ae WY net-zero & HAY 5 banking alliance QO Wee FTSE4Good environment 6 programme finance 50%+ BORSA initiative Sue PATH TO PARITY ISTANBUL AKBANK
Slide 38: 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