AKBANK T.A.S.-ADR Business Summary

Akbank T.A.S. is a premier Turkish commercial bank that generates revenue through a balanced mix of net interest income from its diversified loan portfolio and high-growth fee and commission income derived from payment systems, wealth management, and bancassurance. The bank’s operations are organized into four core segments: Retail Banking, serving individual consumers; Corporate and Investment Banking (CIB), focusing on large-scale project finance and trade; Commercial and SME Banking; and Treasury activities. As of July 2026, Akbank maintains a dominant market position by leveraging its advanced digital infrastructure to navigate a high-interest-rate environment, reporting a 95% year-over-year expansion in net interest income for the first half of 2026. Its primary competitors include Türkiye İş Bankası, Garanti BBVA, and Yapı Kredi, against whom Akbank competes by maintaining one of the sector's highest capital adequacy ratios (17.48%) and a leading return on equity (ROE) profile. The leadership team is headed by CEO Kaan Gür, who took the helm in October 2023 after serving as CEO of Alternatif Bank and holding senior roles at Akbank and HSBC. The Board of Directors is chaired by Suzan Sabancı, a globally recognized financial leader and member of the Sabancı family, which founded the institution in 1948. Other key executives include CFO Türker Tunalı, a CFA charterholder with nearly two decades of financial management experience, and Gökhan Gökçay, the Executive Vice President of Technology who spearheads the bank's digital transformation initiatives. Akbank is a strategic pillar of Sabancı Holding, Turkey’s leading industrial and financial conglomerate, and its governance is supported by an International Advisory Board comprising elite global financiers, ensuring alignment with international regulatory and investment standards.