1. 1 1H05 BRSA Bank Only Financial Results 29 July 2005

2. 2 Highlights Total assets increased 28% y-t-d, reaching TRY 44.7bn (USD 32.8bn) Continued growth in loan portfolio of 32% y-t-d 41% growth in TL loans -mostly made up of high yield SME and consumer loans Aggressive growth in customer deposits, up 32% y-t-d, generated from 87% growth in TL customer deposits Net commission income growth 57% y-o-y, driven by the strong growth in credit card and consumer loan related revenues 40% growth in net profit, reaching TRY 778mn (USD 571mn)

3. 3 Highlights Total Assets (TRY billion) Loans (TRY billion) Deposits (TRY billion) Net Profit (TRY million) 8% 18% 7% 23% 10% 23% 40% * At YE04 prices

4. 4 Total Loans12 Total Consumer Loans12 Car Loans12 Mortgages11 Deposits12 Asset size22 We are improving our rankings* 1H051H04 * Private Commercial Banks

5. 5 Net interest income Net fee income Income before tax Net income ROAA (%) ROAE (%) 1H051H04* Profitability 1,285 304 1,119 778 3.9% 26.3% 1,252 194 803 554 3.4% 19.5% 3% 57% 39% 40% change Profitability performance (TRY mn.) * At YE04 prices

6. 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)** 1H05YE04 95.4% 83.4% 39.0% 64.4% 60.4% 1.7% 23.5% 95.9% 78.0% 37.6% 66.0% 57.1% 1.6% 36.2% Ratios Balance sheet performance * Blocked demand deposits of POS merchants (TRY 528mn), 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. 7 Composition of securities 48% 52% 38% 62% Securities to total assets shrunk to 41% from 44% y-t-d Eurobonds amounting to USD 307mn (TRY 418mn) and USD 52mn (TRY 70mn) are registered under trading and available-for-sale securities portfolios, respectively 68% of TL securities are carried under available-for-sale securities, profits being booked under equity Composition of securities (TRY bn.) 9.1 9.2

8. 8 Loans 64%60% TRY 12,9 bn. TRY 17.1 bn. up 32% y-t-d TL loans surged 41% y-t-d, compared to 23% growth in the sector Akbank’s market share in loans reached 14%* from 12.7% y-t-d Despite the strong growth, NPL ratio has been low at 1.7% and fully provisioned Composition of Loans 62% TRY 13.9 bn. * According to provisional market data

9. 9 Breakdown of Loans Consumer and SME lending is now ~62% of total loans Growth ( y-t-d) 36% 47% 33% 6%6%

10. 10 Segment based developments

11. 11 Akbank is today # 1 in retail lending Consumer Lending (1H05, TRY mn.) 4,488 4,743 Credit Cards LoansConsumer Lending 5,275

12. 12 Credit Card Loans 1 Credit Cards Issuing Volume 1 Retail Banking - credit cards Strong product mix and solid retail partners has boosted the credit card business 15% growth in credit card loans y-t-d 3 million active credit cards by 1H05 1 Amex is included Market shares are cumulative

13. 13 Retail Banking - consumer loans 1 Numbers represent direct lending to individuals, excluding credit cards Akbank’s consumer loans’ market share reached 16.0% Market share in car loans reached at 26.6% Market share in morgage loans reached 16.7% Consumer Loans 1 (TRY mn.) 55% y-t-d 2,416 2,010 3,125

14. 14 Retail Banking - small business Small Business Loans 1 (TRY mn.) Only 4% in FX 48% 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 in small business loans is 3.1x

15. 15 Commercial Banking Commercial Loans 1 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 There is already 41 commercial banking centers in 16 provinces and we are targeting to add approx. 5 more in a year Cross sell ratio in commercial loans is 3.9x 1 Medium size companies with sales turnover btw. USD 2–30 mn are serviced through our commercial banking unit 2004 1Q05 (USD mn.) (TRY mn.) 1H05 75% y-t-d83% y-t-d 2004 1Q051H05 TL cash loansFX cash loans

16. 16 Corporate Banking Loans to blue-chip companies like Ford, Unilever, Carrefour reached USD 3.3 billion registering a 33% 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 Blue-chip companies provide excellent cross-sell opportunities (3.8x)

17. 17 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 (%)

18. 18 87% y-t-d Breakdown of customer assets TRY 39 bn TRY 46 bn Total customer assets surged 19% year-to-date, compared to 5% for the sector Akbank’s market share for total customer assets constitutes 15% of the market versus 13% in YE04 Market share 10% 15% 19% 14%14% 36%36%

19. 19 Composition of interest income Income statement - composition of interest income Growth in TL loans has had a dramatic impact on interest income 2.32.22.2 TRY bn. *At YE04 prices

20. 20 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 the product base *At YE04 prices 57% Fees and commissions revenue contribution Credit cards commissions Asset management fees Money transfer fees Other Consumer loan related Corporate loan related Merchant commissions

21. 21 Net fees & commissions/operating expenseNet 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%

22. 22 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 (%)Cost/income (%)

23. 23 Net interest margin NIM (%) NIM (after FX loss, loan provision) * 1H04 and YE04 figures are after monetary loss Net interest margin is only falling gradually due to the shift into TL assets

24. 24 Asset switch to TL loans from TL securities continues to affect the interest spread positively A y-o-y increase of 57% in net commissions has had an important impact on profitability 778 Net fees income TaxNet income 1,285 304304 93 133 -167 -341 NIINet trading income Other income Operating expense -529 Provisions Income statement summary Income statement summary (1H05, TRY million)

25. 25 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.)

26. 26 Akbank is the 1 st bank in Turkey to buy its founders’ shares Akbank finalized the buy-back of its founders and usufruct shares from its extraordinary reserves, on 28 June 2005 The target for the transaction was; To create value for ordinary shareholders as they will be eligible to receive dividend payments from a larger pool of distributable profit To reduce excess capital by approx. USD 750mn To enhance ROE and therefore the overall valuation of the bank To improve corporate governance To clear the way for potential strategic partnerships and mergers in the future for Akbank

27. 27 TOTAL ASSETS Cash and Due from Banks Securities Loans TOTAL LIABILITIES Deposits Funds Borrowed TOTAL EQUITY BRSA (TRY mn.) 2004 Shares (%) Balance sheet highlights 34,913 1,995 15,238 12,939 28,686 19,918 4,845 6,227 64 37 57 14 18 1H05 44,673 2,747 18,308 17,109 39,062 27,005 5,790 5,611 6 41 38 60 13 1H05

28. 28 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 Tax Tax Net Income BRSA (TRY mn.)1H04* 2,190 (938) 1,252 (105) (51) 1,096 194 225 1,654 (421) (360) 803 (249) 554 1H05 2,317 (1,032) 1,285 11 (143) 1,153 304 68 1,769 (490) - 1,119 (341) 778 * Amounts are expressed in terms of the purchasing power of TL at 31 December 2004

29. 29 TOTAL ASSETS Cash and Due from Banks Securities Loans TOTAL LIABILITIES Deposits Funds Borrowed TOTAL EQUITY BRSA (USD mn.*) 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 64 37 57 14 18 32,799 2,017 13,442 12,561 28,680 19,827 4,251 4,119 6 41 38 60 13 1H05

30. 30 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 1H04 1H05 1,701 (758) 943 8 (105) 846 223 50 1,299 (360) - 821 (251) 571 1,387 (595) 792 (66) (32) 694 123 143 1,046 (267) (228) 508 157 351

31. 31 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. Disclaimer Statement