1

3Q05 BRSA Bank Only Financial Results

27 October 2005

2

Highlights

Total assets increased 39% y-t-d, reaching TRY 48.6bn (USD 35.5bn)

Continued growth in loan portfolio of 50% y-t-d and 63% growth in TL loans

90% growth in SME loans and 88% growth in consumer loans realized y-t-d

Aggressive growth in customer deposits, up 52% y-t-d, generated from 140% growth in

TL customer deposits, mainly commercial in nature

Net commission income growth 55% y-o-y, driven by the strong growth in credit card

and consumer loan related revenues

23% growth in net profit, reaching TRY 1,132mn (USD 827mn)

3

Highlights

48.644.7

34.9

0.0

10.0

20.0

30.0

40.0

50.0

60.0

YE04 1H05 3Q05

Total Assets (TRY billion)

19.517.1

12.9

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

YE04 1H05 3Q05

Loans (TRY billion)

30.8

27.0

19.9

0.0

5.0

10.0

15.0

20.0

25.0

30.0

35.0

40.0

45.0

YE04 1H05 3Q05

Deposits (TRY billion)

1,132

920

0100200300400500600700800900

1000110012001300

3Q04* 3Q05

Net Profit (TRY million)

23%

* At YE04 prices

9% 14%

14%

39% y-t-d 50% y-t-d

54% y-t-d

28% 32%

36%

4

We have attained strong market share growth both in loans and deposits

11.9

6.2

13.4

10.1

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

2004 3Q05

4.0

9.0

Deposits Market Shares (%)

TL DepositsTotal Deposits

13.5

12.2

14.312.7

0.0

2.0

4.0

6.0

8.0

10.0

12.0

14.0

2004 3Q05

11.0

Loans Market Shares (%)

TL LoansTotal Loans

5

Net interest income

Net fee income

Income before tax

Net income

ROAA (%)

ROAE (%)

3Q05 3Q04*

Profitability

1, 960

461

1,624

1,132

3.6%

24.7%

1, 965

297

1,313

920

3.6%

20.8%

-

55%

24%

23%

changeProfitability performance (TRY mn.)

* At YE04 prices

6

Interest Earning Assets / Total Assets

Interest Bearing Liabilities / Total Liabilities

Gross Loans / Total Assets

Loans / Deposits*

Deposits / Total Assets

NPL Ratio

Capital Adequacy Ratio (Basel I)**

3Q05 YE04

91.6%

83.7%

40.7%

63.2%

64.5%

1.7%

22.7%

91.1%

77.4%

37.6%

64.1%

58.7%

1.6%

36.2%

Ratios

Balance sheet performance

* Blocked demand deposits of POS merchants (TRY 587mn), which encompasses the character of a demand deposit, is booked as “Miscellaneous Payables” instead of deposits**The sharp fall in the Capital Adequacy Ratio is effected from the share buy-back as well as increase in capital requirement on credit card limits to 100% and strong growth in loans

7

Composition of securities

TL FX

Fixed

Floating

37%

63%

18%

82%

FX securities shifted to FRN’s while TL securities shifted to fixed rate notes

Eurobonds amount to only USD 280mn (TRY 383mn)

69% of securities are carried under available-for-sale securities, profits being booked under equity

Composition of securities (TRY bn.)

12.1 9.2

8

TRY6.7bn.

TRY3.6bn.

0

1,000

2,000

3,000

4,000

5,000

6,000

7,000

YE04 3Q05

TRY 7.8bn.

TRY12.7bn.

USD3.8bn.

USD4.9bn.

01,0002,0003,0004,0005,0006,0007,0008,0009,000

10,00011,00012,00013,00014,00015,00016,00017,000

YE04 3Q05

Loans

60%

TRY 12,9 bn.

up 50% y-t-d

TL loans surged 63% y-t-d, compared to

47% growth in the sector

Despite the strong growth, NPL ratio has

been low at 1.7% and fully provisioned

Composition of Loans

TRY 19.5 bn.

65%

up 90% y-t-d

SME Loans

TRY3.8bn.

TRY 2.0bn.

0

1,000

2,000

3,000

4,000

YE04 3Q05

up 88% y-t-d

Consumer Loans*

* Excluding credit card loans

9

23% 30%

16%

27%

39%

26%

20% 12%

31% 30%31%

8%

28%35%31%

7%

25% 24%26%

50%

11% 8%9%29%

2002 2003 2004 1Q05 1H05 3Q05

Consumer SME Corporate Project Finance

Breakdown of Loans

Consumer and SME lending is now ~65% of total loans

Growth (y-t-d)

53%

90%

37%

3%

10

Segment based developments

11

2,146

1,869

2,150

13.414.4

13.6

500

800

1,100

1,400

1,700

2,000

2,300

2004 1H05 3Q05

0

5

10

15

2,769

2,397

2,618

13.7%13.2% 13.5%

2,000

3,000

4Q04 2Q05 3Q05

0.0%

5.0%

10.0%

15.0%

Credit Card Loans1 Credit Cards Issuing Volume1

Retail Banking - credit cards

15% growth in credit card loans y-t-d

New behavioral scoring system has allowed for better screening and evaluation

1 Amex is included

Market shares are cumulative

12

Retail Banking - consumer loans

1 Numbers represent direct lending to individuals, excluding credit cards

Akbank’s consumer loans’ market share is 15.7%

Market share in mortgage loans is 16.5%

Market share in car loans is 24.2%

Consumer Loans1 (TRY mn.)

611 809 959

1,0501,326 1,330

349

9891,488

2004 1H05 3Q05

General purpose Auto loans Mortgage

88% y-t-d

2,010

3,125

3,778

13

Retail Banking - small business

Small Business Loans1 (TRY mn.)

Only 4% in FX

3,643

2,993

2,095

2004 1H05 3Q05

74% y-t-d

1 Small business loans given to companies with sales turnover <USD 2 mn are granted by the retail banking unit

Special credit packages for;

Certain sectors and regions (pharmaceuticals, agriculture, tourism etc.)

Dealer networks of corporate clients (ie. Microsoft, IBM, Bosch, Arçelik)

Cross-sell ratio is 3.1x

14

Commercial Banking

43 commercial banking centers

Cross sell ratio is 3.9x

Commercial loans are also considered as a hook product, which paves the way for further marketing opportunities like cash management services and foreign trade products

1 Medium size companies with sales turnover btw. USD 2–30 mn are serviced through our commercial banking unit

Commercial Loans1

750

401

701

1,371

1,028

1,724

0100200300400500600700800900

1,0001,1001,2001,3001,4001,5001,6001,7001,800

(USD mn.)(TRY mn.)

157% y-t-d

130% y-t-d

TL cash loans FX cash loans

2004 1H05 3Q05 2004 1H05 3Q05

15

Corporate Banking

Lending to new privatizations will provide strong growth in corporate loans

Loans to blue-chip companies like Ford, Unilever, Carrefour reached USD 3.4

billion registering a 37% increase y-t-d

Project finance loans stand at USD 1.1 billion

Special and structured financial solutions for corporate needs like cash

management products regulating the collection and payment cycle of

companies

Excellent cross-sell opportunities (3.8x)

16

3,9793,933

3,707

14%14%15%

1,000

2,000

3,000

4,000

5,000

2004 1H05 3Q05

7%

9%

11%

13%

15%

Mutual Funds (TRY mn.)

Asset management

Currently #2 in mutual funds

The underlying factors behind this; Superior channel management Superior asset management performance Effective marketing and communication

Private Banking Assets (USD mn.)

Wide range of domestic and

international investment products

Top quality investment advisory service

Cross-sell ratio in private banking is 3.7x

Volume Market share (%)4,683

4,266

3,795

2004 1H05 3Q05

17

6% 6%

10% 8%

27%36%

26%31%

33%

17%

YE04 3Q05

TL Deposits

FX Deposits

Bonds in Custody

Mutual Funds

Repo

140% y-t-d

Breakdown of customer assets

TRY 39 bn

TRY 49 bn

Total customer assets surged 27% y-t-d compared to 12% for the sector Akbank’s market share for total customer assets constitutes 15% of the market

versus 13% in YE04

Market share

12%

15%

21%

14%

20%

18

3%4%

46%57%

5%

5%

46%35%

3Q04* 3Q05

Other From securities From FX Loans From TL Loans

Composition of interest income

Income statement - composition of interest income

Growth in TL loans has had a dramatic impact on interest income

3.83.4TRY bn.

*At YE04 prices

19

297

461

3Q04* 3Q05

Net Fees & Commissions (BRSA, TRY mn.)

Net fees and commissions

Net fee and commission income growth is mainly due to the rapid growth in credit card and consumer loan related revenues

We continue to implement and increase fees in all our product base

*At YE04 prices

55%

Fees and commissions revenue contribution

Credit cards commissions

Asset management

fees Money transfer

fees

Other

Consumer loan

related

Corporate loan

related

Merchant commissions

21%

16%4%

27%

6%

12%

14%

20

55

16

24

40

0

10

20

30

40

50

60

70

2002 2003 2004 3Q05

Net fees & commissions/operating expense

19

6 7

17

0

5

10

15

20

25

2002 2003 2004 3Q05

Net fees & commissions/operating income

Improving fee income ratios in line with targets

We are rapidly approaching our medium term fee to income target of 25%

21

2.6 2.7

3Q04 3Q05

Efficiency ratios

Restructuring of branches will largely be finalized at YE05

Centralization together with the new technology infrastructure continue to allow us to keep operational costs subdued

Operating expense/average assets (%)

33.934.3

3Q04 3Q05

Cost/income (%)

22

Net interest margin

8.7 8.3

7.16.8

0.0

2.0

4.0

6.0

8.0

10.0

3Q04 YE04 1H05 3Q05

NIM (%)

7.1

6.7 6.7

6.5

5.0

5.5

6.0

6.5

7.0

7.5

3Q04* YE04* 1H05 3Q05

NIM (after FX loss, loan provision)

* 3Q04 and YE04 figures are after monetary loss

23

Asset switch to TL loans from TL securities continues to affect interest income positively A y-o-y increase of 55% in net commissions has had an important impact on profitability

1,132

Net fees

income

Tax Net

income

1,960

461

136

167 -257

-492

NII Net trading

income

Other

income

Operating

expense

-843

Provisions

Income statement summary

Income statement summary (3Q05, TRY million)

24

Total Equity (BRSA, TRY mn.)

AKBANK

Buy-back of founders’ shares has reduced equity Akbank will continue to optimize its capital structure through its dividend policy of 30% min. -

50% max. cash dividend payment Akbank’s strong free capital is a major cushion against the effects of any market volatility

Free capital comparison

Free Capital 1H05 (BRSA, TRY mn.)

6,2275,982

YE04 3Q05

5831,321

4,370

-345-500

1,000

2,500

4,000

5,500

7,000

8,500

Akbank İş Garanti YKB

Free Capital Equity Participations Fixed Assets

25

TOTAL ASSETS

Cash and Due from Banks

Securities

Loans

TOTAL LIABILITIES

Deposits

Funds Borrowed

TOTAL EQUITY

BRSA(TRY mn.) 2004 2004

Shares (%)

Balance sheet highlights

34,913

1,995

15,238

12,939

28,686

19,918

4,845

6,227

6

44

37

57

14

18

3Q05

48,636

2,488

21,334

19,464

42,654

30,760

6,876

5,982

5

44

40

63

14

12

3Q05

Change Y-t-d (%)

39

25

40

50

49

54

42

-4

26

Income statement highlights

Interest Income

Interest Expense

Net Interest Income

FX Gain (Loss), Net

Provision for Loan Losses

Net Interest Income after FX, Income/Loss & NPL Prov.

Fees and Commissions (Net)

Profit on Trading Securities (Net)

Operating Profit

Operating Expenses

Monetary Loss

Income Before TaxTax

Net Income

BRSA (TRY mn.) 3Q04*

3,369

(1,404)

1,965

(100)

(94)

1,771

297

265

2,544

(668)

(423)

1,313

(392)

920

3Q05

3,801

(1,840)

1,960

9

(223)

1,746

461

127

2,735

(843)

-

1,624

(492)

1,132

* Amounts are expressed in terms of the purchasing power of TL at 31 December 2004

Change (%)

13

31

-

-

137

-1

55

-52

8

26

-

24

26

23

27

TOTAL ASSETS

Cash and Due from Banks

Securities

Loans

TOTAL LIABILITIES

Deposits

Funds Borrowed

TOTAL EQUITY

BRSA(USD mn.*) 2004 2004

Shares (%)

25,490

1,456

11,125

9,447

20,943

14,542

3,537

4,547

* Figures are stated with exchange rates effective at respective dates

Balance sheet highlights in USD

6

44

37

57

14

18

35,501

1,816

15,572

14,207

31,135

22,453

5,019

4,366

5

44

40

63

14

12

3Q05 3Q05

28

Interest Income

Interest Expense

Net Interest Income

FX Gain (Loss), Net

Provision for Loan Losses

Net Interest Income after FX, Income/Loss & NPL Prov.

Fees and Commissions (Net)

Profit on Trading Securities (Net)

Operating Profit

Operating Expenses

Monetary Loss

Income Before Tax Tax

Net Income

BRSA (USD mn.*)

Income statement highlights in USD

* Figures are stated with exchange rates effective at respective dates

3Q043Q05

2,774

(1,343)

1,431

6

(163)

1,274

336

93

1,996

(615)

-

1,186

(359)

827

2,141

(894)

1,247

(63)

(59)

1,125

189

168

1,616

(424)

(268)

834(249)

585

29

The information and opinions contained in this document have been compiled or arrived at by Akbank from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. All opinions and estimates contained in this document constitute the Company’s judgement as of the date of this document and are subject to change without notice. The information contained in this document is published for the assistance of recipients, but is not to be relied upon as authoritative or taken in substitution for the exercise of judgement by any recipient. The Company does not accept any liability whatsoever for any direct or consequential loss arising from any use of this document or its contents. This document is strictly confidential and may not be reproduced, distributed or published for any purpose.

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