1. Türk Ekonomi Bankası A.Ş. 2011 1Q Results

2. TEB Financial Group of Companies and the Merged Bank

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

4. 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 +

5. 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%

6. 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

7. Financial Highlights

8. Consolidated Balance Sheet
Source: TEB, BRSA Consolidated Financials

9. Consolidated Income Statement
Source: TEB, BRSA Consolidated Financials

10. Consolidated Income Statement
Source: TEB, BRSA Consolidated Financials

11. 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

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

13. 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

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

15. 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

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

17. 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 2012.
Source: TEB, BRSA Bank-Only Financials

18. 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

19. 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.