Akbank T/A/S S/Adr (AKBTY) Q2 2026 Earnings Call

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WEBVTT NOTE Transcription provided by Deepgram Request Id: 01a04227-4fb2-7303-aeea-dac071b834ff Created: 2026-08-27T07:37:50.455Z Duration: 2739.36 Channels: 1 00:00:00.000 -- 00:00:02.639 Hello, everyone, and thank you for joining our 00:00:02.639 -- 00:00:05.680 second quarter earnings call. This is Kansu speaking. 00:00:06.240 -- 00:00:07.840 I hope you are all well. 00:00:09.679 -- 00:00:12.320 Let me start with what has changed since 00:00:12.320 -- 00:00:13.519 our last earning call. 00:00:15.045 -- 00:00:17.365 First of all, the operating environment has proven 00:00:17.365 -- 00:00:18.485 more challenging 00:00:18.725 -- 00:00:20.485 than we had anticipated 00:00:20.485 -- 00:00:22.565 with continued geopolitical 00:00:22.565 -- 00:00:26.244 tensions, adding uncertainty to the global and domestic 00:00:26.244 -- 00:00:26.645 outlook. 00:00:27.720 -- 00:00:31.640 At home, the disinflation process is processing more 00:00:31.640 -- 00:00:32.439 gradually. 00:00:33.000 -- 00:00:36.040 The expected easing cycle has been pushed back, 00:00:36.360 -- 00:00:37.480 and macroprudential 00:00:37.480 -- 00:00:39.320 measures have been tightened further. 00:00:40.305 -- 00:00:43.265 At the same time, the continued rebuilding of 00:00:43.265 -- 00:00:47.185 the central bank's reserves remains an important source 00:00:47.185 -- 00:00:50.145 of confidence and reinforces the credibility 00:00:50.305 -- 00:00:51.905 of the broader policy framework. 00:00:52.840 -- 00:00:56.280 For the banking sector, the implications are clear. 00:00:56.840 -- 00:00:59.640 Higher funding costs are likely to persist for 00:00:59.640 -- 00:01:00.280 longer, 00:01:00.760 -- 00:01:03.079 delaying the pace of margin recovery, 00:01:03.480 -- 00:01:05.239 while asset quality remains 00:01:05.534 -...