TEB

31 December 2013

Summary Balance Sheet

2

Source: TEB BRSA Consolidated Financials

TÜRK EKONOMİ BANKASI A.Ş.

Consolidated (in Mn TL)

31.12.12 31.03.13 30.06.13 30.09.13 31.12.13 YtD Chg

Liquid Assets 7,158 7,640 7,290 7,291 7,272 2%

Marketable Securities 4,802 5,556 5,392 5,394 5,357 12%

Loans 31,750 34,606 36,851 38,497 40,736 28%

Other Assets 2,152 1,768 2,234 2,927 2,839 32%

Total Assets 45,862 49,569 51,767 54,109 56,204 23%

Deposit 29,960 32,061 32,835 34,258 35,533 19%

Funds Borrowed 6,010 6,269 7,507 7,864 7,983 33%

Bond Issued 494 526 582 263 710 44%

Repo 65 1,718 1,071 540 1,083 1563%

Subordinated Debt 1,037 1,033 1,552 1,676 1,778 71%

Other Liabilities 3,296 2,824 2,942 4,072 3,548 8%

Shareholders Equity 5,000 5,138 5,278 5,436 5,569 11%

Liab.&Shr.Equity 45,862 49,569 51,767 54,109 56,204 23%

Summary Income Statement

3

Source: TEB BRSA Consolidated Financials

TÜRK EKONOMİ BANKASI A.Ş.

Consolidated (in Mn TL, cumulative)

31.12.2012 31.12.2013 YoY Chg

Net Interest Income 1,940.1 2,064.5 6.4%

Gains/Losses From Derivatives and FX position -114.7 25.7

Securities Trading Gain/ Loss 31.9 40.8

Net Fee&Commissions 581.6 701.7 20.7%

Other Income 90.6 93.4 3.2%

Net Banking Income 2,529.4 2,926.1 15.7%

Loan Provision Expense -325.5 -407.3 25.1%

Net Operating Income 2,203.9 2,518.7 14.3%

Other Operating Expense -1,552.4 -1,775.2 14.3%

Dividend Income 0.9 1.8

Tax Provisions -163.4 -174.8 7.0%

Net Profit 488.9 570.5 16.7%

Strong balance sheet growth with continuing

commitment to core banking activities

4

Source: TEB BRSA Consolidated Financials

Share of retail loan in loan composition increasing

5

Source: TEB BRSA Bank only Financials

NPL ratio maintained below sector averages

6

Source: TEB BRSA Bank only Financials

NPL sales: 117 mn TL

Loan portfolio(*) highly distributed among industries

7

(*) incl. non-cash balance

Share of marketable securities maintained around 10%

of total assets

8

Source: TEB BRSA Bank only Financials

Shift to alternative funding slightly increasing the L/D

ratio, in line with the sector

9

Source: TEB BRSA Bank only Financials

Normalization in COR in comparison to last year

10

(1) COR includes specific and general as well as other

provision expenses

Cumulative ratio = annualized Provision Exp. (incl.GLLP) /

Average quarter-end Loans.

Quarterly ratio = annualized Provision Exp. (incl. GLLP) /

Average of last 2 quarter-end Loans

Source: TEB BRSA Bank only Financials

Declining margins reflected on the C/I ratio despite

controlled costs

11

Source: TEB BRSA Bank only Financials

(1) Annualized NII /

/ Avr of past YtD quarter-end Loan and MS for

cumulative line

/ Avr of last 2 quarter-end Loan and MS for

quarterly line

TEB’s Network

12

As of 31/12/2013

Number of Clients: 5 million

Number of Branches: 544

Total Staff: 10,001

ATM: 1,677

POS:120,691

TEB is present in 72 cities out of 81

12

Cities with branches

Cities without branches

Cities branches opened during 2013

12

4

Van

Konya

Nevşehir

Kırşehir

Sinop Bartın

Çankırı

Bilecik

Tokat

Bitlis

Hakkari Şırnak

Siirt

Karaman

Balıkesir

Afyon

Uş ak

Aydın

İzmir

Edirne

Kırklareli

İstanbul Tekirdağ

Çanakkale

Kocaeli

Yalova

Zonguldak

Kastamonu

Samsun

Ankara Kırıkkale

Aksaray

Isparta

Burdur

Antalya

Mersin

Niğde

Yozgat

Amasya Ordu

Adana

Hatay

G.Antep

K.Maraş

Malatya

Adıyaman

G.Hane

Muğla

Düzce

Osmaniye

Kilis

Sakarya

Bayburt

Denizli Aydın

Uşak

Manisa

Bingöl Tunceli

Van

Muş

Ş.Urfa

Elazığ

Diyarbakır

Mardin

Batman

Erzincan

Giresun Trabzon

Rize

Eskişehir

Bursa

Kütahya

Bolu

Sivas

Çorum

Kayseri

Karabük Ardahan

Ağrı

Iğdır

Artvin

Kars

Erzurum

186

19

1

2

1

2

43

1

6

2

1

2

24 3

2

6

4

1 3

2

1

2 5

9

1

1

41

3

1 1

1

1

2

12

3

7

2 13

1

3 1

6

4

5

2

2

2

3

1

1

1

1

1

1

1

1

12

2

1

1

1

25

6

10

2

2

7

2

2 6

1

4

13

APPENDIX

14

Summary Balance Sheet

Source: TEB BRSA Bank only Financials

TÜRK EKONOMİ BANKASI A.Ş.

Bank only (in Mn TL)

31.12.12 31.03.13 30.06.13 30.09.13 31.12.13 YtD Chg

Liquid Assets 6,859 7,484 7,079 6,962 7,136 4%

Marketable Securities 4,708 5,424 5,289 5,282 5,205 11%

Loans 29,686 32,288 34,369 36,136 38,135 28%

Other Assets 2,279 1,898 2,362 3,034 2,933 29%

Total Assets 43,532 47,094 49,099 51,414 53,409 23%

Deposit 28,727 30,811 31,625 32,966 34,288 19%

Funds Borrowed 5,179 5,315 6,324 6,800 6,793 31%

Bond Issued 494 526 582 263 710 44%

Repo 41 1,705 1,065 510 1,062 2497%

Subordinated Debt 1,037 1,033 1,552 1,676 1,778 71%

Other Liabilities 3,249 2,761 2,893 4,017 3,490 7%

Shareholders Equity 4,806 4,943 5,057 5,182 5,286 10%

Liab.&Shr.Equity 43,532 47,094 49,099 51,414 53,409 23%

15

Summary Income Statement

Source: TEB BRSA Bank only Financials

TÜRK EKONOMİ BANKASI A.Ş.

Bank only (in Mn TL, cumulative)

31.12.12 31.12.13 YoY Chg

Net Interest Income 1,844.7 1,972.2 6.9%

Gains/Losses From Derivatives and FX position -111.7 30.0

Securities Trading Gain/ Loss 30.3 41.7

Net Fee&Commissions 536.9 647.5 20.6%

Other Income 92.0 99.6 8.4%

Net Banking Income 2,392.1 2,791.1 16.7%

Loan Provision Expense -273.9 -395.0 44.2%

Net Operating Income 2,118.2 2,396.1 13.1%

Other Operating Expense -1,482.6 -1,701.9 14.8%

Dividend Income 18.1 4.9 -72.7%

Tax Provisions -157.7 -164.1 4.1%

Net Profit 496.0 535.0 7.9%

Ratings of TEB

16

A Major Player of the Turkish Financial Services Market

17

TEB

Full range of banking

services

TEB N.V.

“Turkish specialist” in the EU

market, total asset size is EUR

604 mio as of 4Q 2013

TEB Factoring

3rd largest factoring company in

Turkey with 10 % market share

as of 3Q 2013

TEB Investment

4th largest brokerage &

investment house of Turkey

with 4.2% market share as of

4Q 2013

TEB Asset

Management

7th largest asset management

company with 4.9% market

share as of 4Q 2013

TEB Arval

Operative since October 2007,

5,3% market share as of 4Q

2013

BNPP Leasing

6th largest leasing company in

Turkey with 7.2% market share

as of 4Q 2013

TEB Cetelem

Consumer finance company in

Turkey with 7.6%market share

as of 4Q 2013

BNPP Cardif

Insurance A major global player for

personal insurance

Turkish operations fully owned

by BNP ParibasCardif (S&P AA

rated),100% subsidiary of BNP

Paribas

%3 market share in Turkey in

protection insurance & pension

TEB Kosovo Operative since January 2008,

with 25 branches, as of 4Q

2013

Loans: €265M

Deposits: € 324M

Disclaimer

18

The information and opinions obtained in this document have been compiled or

arrived at by TEB from sources believed to be reliable, but no representation or

warranty is made as to their accuracy, completeness or correctness. All opinions

and estimates contained in this document constitute TEB’s judgement as of the

date of this document and are subject to change without notice. This document is

published for the assistance of the recipients, but is not to be relied upon as

authoritative or taken in subtitution for the exercise of judgement by any recipient.

TEB does not accept any liability 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.