Türk Ekonomi Bankası A.Ş Q Results

TEB Financial Group of Companies and the Merged Bank

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

4 Türk Ekonomi Bankası A.Ş. Subsidiaries of TEB TEB Holding Çolakoğlu Group 50% TEB Cetelem TEB SHA (Kosovo) TEB ARVAL TEB (Bank) TEB NV (TheNetherlands) TEB NV (TheNetherlands) TEB Leasing TEB Factoring TEB Asset Management TEB Investment 10.51% free float (Istanbul Stock Exchange) 55 % BNP Paribas Group 50% Partnership with BNPP since February %50%100% 10% 100% Fortis Investment +

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

6 Türk Ekonomi Bankası A.Ş. 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

8 Türk Ekonomi Bankası A.Ş. Consolidated Balance Sheet Source: TEB, BRSA Consolidated Financials

9 Türk Ekonomi Bankası A.Ş. Consolidated Income Statement Source: TEB, BRSA Consolidated Financials

10 Türk Ekonomi Bankası A.Ş. Consolidated Income Statement Source: TEB, BRSA Consolidated Financials

11 Türk Ekonomi Bankası A.Ş. TEB Assets Growth (Q o Q) TEB Assets Composition TEB+FORTIS Assets Growth (Q o Q) TEB Liability Composition Balance Sheet Composition Source: TEB, BRSA Consolidated Financials

12 Türk Ekonomi Bankası A.Ş. Loan Composition and Asset Quality Loan Composition (Q o Q) Non Performing Loans Source: TEB, BRSA Bank-Only Financials

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

14 Türk Ekonomi Bankası A.Ş. Loans by industry Loan Portfolio by Industry Source: TEB, BRSA Bank-Only Financials

15 Türk Ekonomi Bankası A.Ş. Breakdown of Deposits 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

16 Türk Ekonomi Bankası A.Ş. SELECTED RATIOS-1 Loan/Deposits Liquid Assets/Deposits Source: TEB, BRSA Bank-Only Financials

17 Türk Ekonomi Bankası A.Ş. 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 mioTL booked in Q 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 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 Source: TEB, BRSA Bank-Only Financials

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

19 Türk Ekonomi Bankası A.Ş. Disclaimer 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.