Q2 2026 Akbank TAS Earnings Call Transcript
Key Points
- Net income increased 38% year-on-year to TRY34.333 billion in the first half of 2026.
- Fee income grew 35% year-on-year, fully covering quarterly operating expenses.
- TL demand deposit market share among private banks increased by 130 basis points year-to-date.
- NPL market share among private banks reduced by 130 basis points year-to-date, reflecting strong asset quality management.
- Capital ratios improved with total capital at 16.4% and Tier 1 at 13.3%, providing strategic flexibility.
- Revised full-year ROE guidance downward to 23%-25% from high-20s due to slower margin recovery.
- Swap-adjusted NIM declined by 25 basis points to 3% in Q2, with revised full-year guidance to 3.2%-3.5% from around 4%.
- Higher funding costs are expected to persist longer, delaying margin recovery.
- Cost-to-income ratio guidance revised upward to high-40s from low-40s due to net interest income dynamics.
- Early signs of asset quality deterioration are visible across the sector, with net cost of risk at 220 basis points in the first half.
Hello, everyone, and thank you for joining our second quarter earnings call. This is Kaan speaking. I hope you're all well. Let me start with what has changed since our last earnings call.
First of all, the operating environment has proven more challenging than we had anticipated with continued geopolitical tensions adding uncertainty to the global domestic outlook. At home, the disinflation process is progressing more gradually. The expected easing cycle has been pushed back and macro prudential measures have been tightened further.
At the same time, the continued rebuilding of the Central Bank's reserves remains an important source of confidence and reinforces the credibility of the broader policy framework. For the banking sector, the implications are clear. Higher funding costs are likely to persist for longer, delaying the pace of margin recovery, while asset quality remains a key area of focus in restrictive operating environment.
Taken altogether, these developments have also pushed out the timing of
| Access to All Earning Calls and Stock Analysis | |
| 30-Year Financial on one screen | |
| All-in-one Stock Screener with unlimited filters | |
| Customizable Stock Dashboard | |
| Real Time Insider Trading Transactions | |
| 8,000+ Institutional investors’ 13F holdings | |
| Powerful Excel Add-in and Google sheets Add-on | |
| All data downloadable | |
| Quick customer support | |
| And much more... |
Trustpilot
We'd love to learn more about your experiences on GuruFocus.com and how we can improve!
Take Survey
