Business · Companies · 9 hrs ago
Akbank reports 11.6 billion lira profit in third quarter
Turkey’s Akbank earned 11.6 billion lira in third-quarter net profit, matching analysts’ expectations.
The profit was 18% lower than a year earlier and 24% below the previous quarter.
Across the first nine months of 2026, net profit rose 18% year on year to 46 billion lira, while total income increased 31% to 204 billion lira.
Higher swap costs and lower interest income weighed on quarterly net interest income, while fee and commission income continued to grow.
The results matter because they show how the bank’s earnings are changing as financing costs rise and consumer demand slows.
Akbank expects 2026 loan growth and profitability to continue, with a year-end net interest margin of 3.2% to 3.5% and return on equity of 23% to 25%.
Akbank reported net profit of 11.6 billion lira in the third quarter of 2026, in line with analyst expectations.
Profit fell 18% from a year earlier and 24% from the previous quarter.
For the first nine months of 2026, net profit rose 18% year on year to 46 billion lira.
The bank’s nine-month total income increased 31% year on year to 204 billion lira.
Akbank expects 2026 lira loan growth of 30% or more and foreign-currency loan growth in the high single digits.
- Who
- Akbank T.A.Ş.
- What
- It reported third-quarter net profit of 11.6 billion lira, in line with analyst expectations.
- When
- The third quarter of 2026; results were published on October 27, 2026.
- Where
- Not stated
- Why
- Not stated
This story does not have two clearly opposing sides.
Akbank earned 11.6 billion lira in net profit, down 18% year on year and 24% from the previous quarter.
Net profit rose 18% year on year to 46 billion lira, while total income increased 31% to 204 billion lira.
Bloomberg HT published the results.
- Third-quarter net profit
- 11.6 billion lira
- Year-on-year profit change
- Down 18%
- Nine-month net profit
- 46 billion lira
- Nine-month total income
- 204 billion lira
- 2026 lira loan growth outlook
- 30% or more