Naci Ağbal was born on January 1, 1968 in Bayburt. He graduated from Istanbul University, Department of Public Administration of the Faculty of Political Sciences and completed the Business Administration Program (MBA) at the University of Exeter in the UK.

Naci Ağbal worked at the Ministry of Finance as an inspector, as the Vice-Chairman of the Inspection Board, as the Head of the Department of the General Directorate of Revenues and Advisor to the Minister. Mr. Ağbal served as the General Director of Budget and Fiscal Control between 2006-2009 and the Undersecretary of the Ministry of Finance between 2009-2015.

Mr. Ağbal served as a Member of the Board of Directors at TÜPRAŞ between 2004-2006. Between 2006-2015, Naci Ağbal worked as a Member of the Board of Directors at Turkish Airlines (THY). Naci Ağbal was the Board Member at Vakıf Participation Bank between 2018-2021.

Naci Ağbal also worked as a Member of the Council of Higher Education between 2008-2015 and 2018-2020. Mr. Ağbal was a Member of the Board of Trustees at International Ahmed Yesevi University between 2008-2015 and was member of the Turkish-Japanese Science and Technology University Council between 2019-2020.

Mr. Ağbal served as a Member of Parliament during the 25th and 26th terms at The Grand National Assembly of Türkiye as well as undertook the Minister of Finance role at the 64th and 65th Governments.
Naci Ağbal was the Head of the Strategy and Budget Department of the Presidency between 2018-2020 and Mr. Ağbal was appointed as the Governor of the Central Bank of the Republic of Turkey between November 2020 and March 2021.

Naci Ağbal has been serving as Vice Chairman of the Board of Directors at Kazancı Holding and its subsidiary Aksa Energy since July 2022.