Bank's Financial Results - Strong Asset and Loan Growth, Increased Deposits, and Net Profit

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, reachingTRY 1,132mn (USD 827mn)

3. Highlights Total Assets (TRY billion) Loans (TRY billion) 50% y-t-d 39% y-t-d 9% 14% 28% 32% Deposits (TRY billion) Net Profit (TRY million) 23% 54% y-t-d 14% 36% * At YE04 prices

4. TL Deposits TL Loans We have attained strong market share growth both in loans and deposits Loans Market Shares (%) Deposits Market Shares (%) Total Loans Total Deposits

5. Profitability Profitability performance (TRY mn.) change 3Q05 3Q04* 1, 960 461 1,624 1,132 3.6% 24.7% 1, 965 297 1,313 920 3.6% 20.8% - 55% 24% 23% Net interest income Net fee income Income before tax Net income ROAA (%) ROAE (%) * At YE04 prices

6. Ratios Balance sheet performance 3Q05 YE04 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)** 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% * 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 Composition of securities (TRY bn.) 12.1 9.2 18% 63% 82% 37% • FX securities shifted to FRN’s while TL securities shifted to fixed rate notes • Eurobonds amount to onlyUSD 280mn(TRY 383mn) • 69% of securities are carried under available-for-sale securities, profits being booked under equity

8. 65% 60% Loans Composition of Loans SME Loans TRY 19.5bn. up 50% y-t-d up 90% y-t-d TRY 12,9 bn. Consumer Loans* • 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 up 88% y-t-d * Excluding credit card loans

9. Consumer and SME lending is now ~65% of total loans Breakdown of Loans Growth (y-t-d) 3% 37% 90% 53%

10. Segment based developments

11. Retail Banking - credit cards Credit Card Loans1 Credit Cards Issuing Volume1 Market shares are cumulative • 15% growth in credit card loans y-t-d • New behavioral scoring system has allowed for better screening and evaluation 1 Amex is included

12. Retail Banking - consumer loans Consumer Loans1 (TRY mn.) 88% y-t-d 3,778 3,125 2,010 • 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% 1 Numbers represent direct lending to individuals, excluding credit cards

13. 74% y-t-d Retail Banking - small business Small Business Loans1 (TRY mn.) Only 4% in FX • 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 1 Small business loans given to companies with sales turnover <USD 2 mn are granted by the retail banking unit

14. 130% y-t-d 157% y-t-d Commercial Banking Commercial Loans1 1H05 2004 2004 3Q05 3Q05 1H05 TL cash loans FX cash loans (TRY mn.) (USD mn.) • 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 • 43 commercial banking centers • Cross sell ratio is 3.9x 1 Medium size companies with sales turnover btw. USD 2–30 mn are serviced through our commercial banking unit

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. Asset management Mutual Funds (TRY mn.) • 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.) Volume Market share (%) • Wide range of domestic and international investment products • Top quality investment advisory service • Cross-sell ratio in private banking is 3.7x

17. Breakdown of customer assets TRY 49 bn 140% y-t-d TRY 39 bn Market share 12% 15% 21% 14% 20% • 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

18. Income statement - composition of interest income Composition of interest income TRY bn. 3.4 3.8 *At YE04 prices • Growth in TL loans has had a dramatic impact on interest income

19. Net fees and commissions Net Fees & Commissions (BRSA, TRY mn.) Fees and commissions revenue contribution Corporate loan related Asset management fees Consumer loan related Money transfer fees 55% Other Merchant commissions Credit cards commissions *At YE04 prices • 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

20. Improving fee income ratios in line with targets Net fees & commissions/operating expense Net fees & commissions/operating income • We are rapidly approaching our medium term fee to income target of 25%

21. Efficiency ratios Operating expense/average assets (%) Cost/income (%) • 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

22. Net interest margin NIM (%) NIM (after FX loss, loan provision) * 3Q04 and YE04 figures are after monetary loss

23. Income statement summary Income statement summary(3Q05, TRYmillion) 167 -257 136 -843 461 -492 1,960 1,132 NII Net fees income Net trading income Other income Provisions Operating expense Tax Net income • Asset switch to TL loans from TL securities continues to affect interest income positively • A y-o-yincrease of 55% in net commissions has had an important impact on profitability

24. Free capital comparison Free Capital 1H05 (BRSA, TRYmn.) Total Equity (BRSA, TRYmn.) 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

25. Balance sheet highlights Shares (%) Change Y-t-d (%) BRSA (TRY mn.) 3Q05 2004 2004 3Q05 TOTAL ASSETS Cash and Due from Banks Securities Loans TOTAL LIABILITIES Deposits Funds Borrowed TOTAL EQUITY 48,636 2,488 21,334 19,464 42,654 30,760 6,876 5,982 34,913 1,995 15,238 12,939 28,686 19,918 4,845 6,227 5 44 40 63 14 12 6 44 37 57 14 18 39 25 40 50 49 54 42 -4

26. Income statement highlights BRSA (TRY mn.) 3Q04* Change (%) 3Q05 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 3,369 (1,404) 1,965 (100) (94) 1,771 297 265 2,544 (668) (423) 1,313 (392) 920 3,801 (1,840) 1,960 9 (223) 1,746 461 127 2,735 (843) - 1,624 (492) 1,132 13 31 - - 137 -1 55 -52 8 26 - 24 26 23 * Amounts are expressed in terms of the purchasing power of TL at 31December 2004

27. Balance sheet highlights in USD Shares (%) BRSA (USD mn.*) 2004 3Q05 2004 3Q05 TOTAL ASSETS Cash and Due from Banks Securities Loans TOTAL LIABILITIES Deposits Funds Borrowed TOTAL EQUITY 35,501 1,816 15,572 14,207 31,135 22,453 5,019 4,366 25,490 1,456 11,125 9,447 20,943 14,542 3,537 4,547 5 44 40 63 14 12 6 44 37 57 14 18 * Figures are stated with exchange rates effective at respective dates

28. Income statement highlights in USD BRSA (USD mn.*) 3Q04 3Q05 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 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 * Figures are stated with exchange rates effective at respective dates

29. Disclaimer Statement 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.