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Türk Ekonomi Bankası A.Ş. 2011 1Q Results

Türk Ekonomi Bankası A.Ş. 2011 1Q Results. TEB Financial Group of Companies and the Merged Bank. TEB Arval. TEB Kosova. TEB Cetelem. Operative since October 2007. Operative since January 2008 , with 17 branches. 3rd largest consumer finance company in Turkey. TEB Factoring.

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Türk Ekonomi Bankası A.Ş. 2011 1Q Results

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

  2. TEB Financial Group of Companies and the Merged Bank

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

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

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

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

  17. SELECTED RATIOS-2 Cost/Income Ratio (restructuring costs not included) Cost / Income Ratio 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

  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.

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