Trk Ekonomi Bankasi A.S. February 2008 BNP PARIBAS JOINT VENTURE - PowerPoint PPT Presentation

Türk Ekonomi Bankasi A.S. February 2008

BNP PARIBAS JOINT VENTURE TEB Financial Group of Companies TEB Investment TEB Leasing TEB Factoring � 8 th largest brokerage � 4.7% market share, 8 th largest � 4 th largest factoring company and investment house leasing company in Turkey as of in Turkey with a 7.9% market of Turkey with 3,8% YE07 share in the sector as of market share as of 3Q07 YE07. TEB Asset Management TEB NV � Total AUM is EUR 600 mio. � “Turkish specialist” in the EU and market share is % 3,93 market, total asset size is EUR 723 as of YE07. mio. as of YE07 Growth through cross-selling Türk Ekonomi Bankasi A.S. 2

BNP PARIBAS JOINT VENTURE Expanding Branch Network December 2007 Coverage GDP coverage 90% 50 cities with 273 branches Türk Ekonomi Bankasi A.S. 3

BNP PARIBAS JOINT VENTURE Non Performing Loans Non-Performing Loans as a % of Total Loans 27.2% 16.5% 11.5% 11.5% 10.7% 7.2% 6.0% 4.9% 3.8% 3.7% 3.6% 2.4% 2.5% 2.2% 2.1% 1.8% 1.3% 1.1% 0.9% 0.9% 0.6% 0.5% 0.2% 0.0% 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 TEB Sector Average Coverage ratio: 60 % Coverage (incl. general provisions) : 104% Türk Ekonomi Bankasi A.S. 4 Source: CMB of Turkey announcements and BRSA Bank -Only Accounts

BNP PARIBAS JOINT VENTURE Consolidated BRSA B/S Highlights Audited Audited Audited Audited 31.12.2007 31.12.2006 31.12.2007 31.12.2006 YTL Million Share Change Share Change Assets Liabilities Cash & banks 2,949 2,031 Deposits 8,184 6,726 21% 45% 59% 22% M.sec + repos 1,829 1,589 Repos 922 795 13% 15% 7% 16% Loans + Trade rec. 8,526 6,371 Funds Borrowed 2,371 1,396 61% 34% 17% 70% Other Assets 449 189 Other Liab. 1,106 453 3% 138% 8% 144% Total Liabilities 12,583 9,370 Fixed Assets 199 106 1% 88% 90% 34% Total Assets 13,952 10,286 100% 36% Subordinated Loans 388 300 3% 29% Sh. Equity Capital & Res. 834 493 6% 69% Income 147 123 1% 20% Total Sh. Equity 981 616 7% 59% Total Liab + Equity 13,952 10,286 100% 36% Türk Ekonomi Bankasi A.S. 5 Source: TEB, BRSA Consolidated Accounts

BNP PARIBAS JOINT VENTURE Consolidated Balance Sheet Composition Assets Liabilities 2.3% 3.6% 3.4% 3.8% 4.6% 6.0% 5.9% 6.0% 5.7% 7.0% 4.7% 6.0% 6.1% 7.2% 7.9% 19.7% 19.1% 20.0% 21.8% 21.1% 11.1% 9.8% 10.5% 9.7% 11.3% 1.8% 7.2% 7.5% 6.8% 6.6% 16.1% 14.0% 15.7% 11.6% 13.1% 20.5% 16.2% 16.1% 16.5% IEA IEA 19.8% IEA IEA IBL IBL IEA IBL IBL 96,4 96,6 96,2 IBL 78,2 78,3 95,4 97,7 77,4 77,4 73,8 62.8% 62.3% 61.9% 61.9% 61.1% 54.2% 54.9% 54.5% 55.1% 47.4% 31.12.2006 31.03.2007 30.06.2007 30.09.2007 31.12.2007 31.12.2006 31.03.2007 30.06.2007 30.09.2007 31.12.2007 Loans Securities Other IEA's Non IEA's Time Deposits Funds Borrowed Repos Demand Deposits Other Shareholders' Equity Türk Ekonomi Bankasi A.S. 6 Source: TEB, BRSA Consolidated Accounts

BNP PARIBAS JOINT VENTURE Consolidated BRSA Income Statement Audited Audited 31.12.2007 31.12.2006 YTL Million Change Interest Income 1,644.1 981.0 67.6% Interest Expense -1,022.8 -613.9 66.6% FX Gains / (Losses), net -43.8 7.8 -661.5% Loan Loss and General Provisions -71.8 -34.9 105.7% Adjusted Net Interest Income 505.7 340.0 48.7% Net Trading Income 22.9 30.5 -24.9% AUM 19.4 29.7 -34.7% Securities Trading 3.5 0.8 337.5% Net Fees & Commissions Income 145.0 92.6 56.6% Other operating income 35.1 23.2 51.3% Non-interest Income 203.0 146.3 38.8% Non-interest Expense -515.6 -325.2 58.5% Operating Profit 193.1 161.1 19.9% Provision for Taxes on Income -46.0 -37.8 21.7% Net Income / (Loss) 147.1 123.3 19.3% Türk Ekonomi Bankasi A.S. 7 Source: TEB, BRSA Consolidated Accounts

BNP PARIBAS JOINT VENTURE Profitability Ratios Cost/Income 74.00% 71.00% 71.00% 63.90% 63.50% 61.00% NIM 2005 2006 1Q07 2Q07 3Q07 4Q07 5,39 5,34 5,09 4,88 4,89 3,87 ROAE 2005 2006 1Q07 2Q07 3Q07 4Q07 25,73% 23,77% 22,60% 22,50% 22,03% 18,40% 2005 2006 1Q07 2Q07 3Q07 4Q07 Türk Ekonomi Bankasi A.S. 8

BNP PARIBAS JOINT VENTURE Ratios Marketable Sec./Assets 17,10% 16,10% 15,67% 13,90% 13,11% 11,60% CAR 14,88% 13,99% 14,30% 13,76% 13,60% 12,20% 2005 2006 1Q07 2Q07 3Q07 4Q07 13,30% 13,00% 12,51% 12,30% 12,01% 10,84% Loans/Deposits 2005 2006 1Q07 2Q07 3Q07 4Q07 Consolidated Bank-Only 104,20% 96,77% 96,27% 95,18% 94,72% 91,30% 2005 2006 1Q07 2Q07 3Q07 4Q07 Türk Ekonomi Bankasi A.S. 9

BNP PARIBAS JOINT VENTURE 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. Türk Ekonomi Bankasi A.S. 10