Türk Ekonomi Bankası A.Ş. 2011 1Q Results

TEB Financial Group of Companies and the Merged Bank

TEB (Bank) A wide spectrum of financial services Market TEB Factoring 3rd largest factoring company in Turkey with 9% market share as of 2011 1Q TEB Leasing 8th largest leasing company in Turkey with 4,5% market share as of 2011 1Q TEB N.V. “Turkish specialist” in the EU market, total asset size is EUR 692 mio as of 2011 1Q TEB Investment 8th largest brokerage & investment house of Turkey with 3,21% market share as of 2011 1Q TEB (Bank) Full range of banking services TEB Asset Management 3,81% market share with EUR 608 mio of AUM as of 2011 1Q TEB Cetelem 3rd largest consumer finance company in Turkey TEB Arval Operative since October 2007 TEB Kosova Operative since January 2008, with 17 branches A wide spectrum of financial services

10.51% free float (Istanbul Stock Exchange) Subsidiaries of TEB Partnership with BNPP since February 2005 Paribas Group 50% 50% Çolakoğlu Group TEB Holding 55 % TEB Cetelem TEB ARVAL TEB SHA (Kosovo) (Bank) 20% 50% 100% TEB NV (TheNetherlands) 100% 10.51% free float (Istanbul Stock Exchange) TEB Leasing 10% 100% TEB Factoring 100% TEB Asset Management 100% TEB Investment Fortis Investment +

Ownership Structure of TEB *Société Fédérale de Participations et d’Investissments SFPI* 25% 10.79% Çolakoğlu Group BNP Paribas Fortis Bank SA/NV 75% 50% 50% 100% 100% TEB Holding A.Ş. BNPP-Fortis Investment Holding A.S. BNPP Investment Holding A.S. 55% 20.35% TEB A.S. 10.51% Free Float 14.08%

The Merged Bank As of 31/03/2011 Number of Clients: 2,9 million Number of Branches: 603 Total Staff: 9945 Cities where the combined bank has branches

Financial Highlights

Consolidated Balance Sheet Source: TEB, BRSA Consolidated Financials

Consolidated Income Statement Source: TEB, BRSA Consolidated Financials

Consolidated Income Statement Source: TEB, BRSA Consolidated Financials

Balance Sheet Composition TEB Assets Growth (Q o Q) TEB+FORTIS Assets Growth (Q o Q) TEB Liability Composition TEB Assets Composition Source: TEB, BRSA Consolidated Financials

Loan Composition and Asset Quality Loan Composition (Q o Q) Non Performing Loans Source: TEB, BRSA Bank-Only Financials

Loans by Business Lines New Segmentation Criteria Corporate > 30 mio TL SME < 30 mio TL 0,5 mio TL private (*) credit cards are included Breakdown of Retail Loans Source: TEB, BRSA Bank-Only Financials

Loan Portfolio by Industry 31.03.2011 Loans by industry Loan Portfolio by Industry 31.03.2011 Source: TEB, BRSA Bank-Only Financials

Breakdown of Deposits New Segmentation Criteria Time/Demand Deposit Composition New Segmentation Criteria Corporate > 30 mio TL SME < 30 mio TL > 0,5 mio TL private Source: TEB, BRSA Bank-Only Financials

SELECTED RATIOS-1 Loan/Deposits Liquid Assets/Deposits Source: TEB, BRSA Bank-Only Financials

SELECTED RATIOS-2 Cost / Income Ratio Cost/Income Ratio (restructuring costs not included) Restructuring costs: 300 mio TL of which approx. 57 mio was booked in 2010 21.4 mioTL booked in 2011 1Q Synergies: 200 mio TL for the year 2013 (recurring) Subject to potential further revisions in the upcoming stages, the preliminary studies forecasts total income restructuring costs of TL 300 million for the years 2010 to 2012. Income synergies forecasted for the year 2013 on the other hand is TL 200 million. While the synergies are expected to continue following 2013, restructring costs will end in 2012. Source: TEB, BRSA Bank-Only Financials

SELECTED RATIOS-3 Capital Adequacy Ratio Cost of Risk NIM(*) (Net interest income+ Foreign Exchange gain/loss +Derivatives Gains) / Average Interest Earning Assets Source: TEB, BRSA Bank-Only Financials

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