In Q1 2026, the bank delivered strong results with net income reaching TL 19,143 million (up 39% YoY) and ROE at 25.3%, supported by robust ALM, fee income, and digital transformation initiatives. Management targets >30% TL loan growth, >10% FX loan growth, ~4% NIM, >30% fee growth, and low-30% opex growth for 2026.
Cyborg Score Rationale
Q1 2026 showed robust fundamentals with net income up 39% YoY and revenue up 42% YoY to TL 71,952 million, driven by strong net interest income and fee income. The bank maintained resilient capital metrics (CAR at 16.1%, Tier 1 at 13.1%) and digital penetration at 88%. Profitability momentum is strong, though operating in a challenging Turkish macroeconomic environment.
Top Insights
Q1 2026 net income reached TL 19,143 million (up 39% YoY) with ROE at 25.3%, supported by robust asset-liability management, fee income, and digital transformation
Net interest income rose 87% YoY to TL 43,086 million in Q1 2026, while net fees and commissions increased 35% YoY
Digital penetration reached 88% with disciplined cost control maintaining cost-to-income ratio at 50.6% in Q1
Akbank is targeting ambitious growth goals including increasing business loan market share by 300 basis points and consumer loan market share by 100 basis points
Named Competitors
Isbank — Major Turkish commercial bank
Garanti Bank — Leading Turkish bank with international presence
Yapi Kredi — Major Turkish universal bank
Denizbank — Turkish retail and commercial bank
Recent Developments
(May 2026) Stock price trading at TRY 62.50 with market cap of TRY 325 billion
(February 2026) Reported Q4 2025 net income of TRY 57.2 billion with 35% year-over-year growth and 50% revenue growth to TRY 222 billion
(Q1 2026) Q1 earnings showed 39% net income growth and 42% revenue growth with 25.3% ROE
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