Akbank T/A/S S/Adr (AKBTY) Q1 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04262-c1b3-7433-9afb-9f51ca922e8e Created: 2026-08-27T08:42:45.107Z Duration: 2322.129 Channels: 1 00:00:00.560 -- 00:00:01.599 Good afternoon, 00:00:02.399 -- 00:00:04.720 and thank you for joining our first quarter 00:00:04.720 -- 00:00:06.800 twenty twenty six earnings call. 00:00:07.040 -- 00:00:08.400 This is Khan speaking. 00:00:08.800 -- 00:00:10.719 I hope you are all well. 00:00:11.120 -- 00:00:13.040 Before turning to our performance, 00:00:13.505 -- 00:00:16.385 let me first briefly touch on the operating 00:00:16.385 -- 00:00:17.265 environment 00:00:17.265 -- 00:00:19.585 and how we position the bank through the 00:00:19.585 -- 00:00:20.385 quarters. 00:00:22.065 -- 00:00:23.744 As we entered the year, 00:00:24.305 -- 00:00:25.665 geopolitical tensions, 00:00:26.199 -- 00:00:27.880 war related uncertainty, 00:00:28.119 -- 00:00:29.800 energy price volatility 00:00:29.800 -- 00:00:32.759 and evolving global monetary conditions 00:00:32.840 -- 00:00:35.000 continue to shape market dynamics. 00:00:35.800 -- 00:00:38.760 While our bank's direct exposure remains limited, 00:00:39.275 -- 00:00:41.755 we continue to monitor the potential 00:00:41.755 -- 00:00:44.635 spillover effects through inflation expectations, 00:00:45.035 -- 00:00:48.315 funding conditions and broader market sentiment. 00:00:49.035 -- 00:00:52.795 In contrast to portfolio outflows from Truthier during 00:00:52.795 -- 00:00:54.315 the first few weeks of the war, 00:00:55.020 -- 00:00:58.140 there was little or no signs of dollarization 00:00:58.140 -- 00:01:00.780 observed from the domestic residents. 00:01:01.260 -- 00:01:03.739 In the meantime, the ceasefire 00:01:03.739 -- 00:01:06.939 has supported a reversal in portfolio fl...