Trk Ekonomi Bankas A.. Investor Presentation August 2007 BNP - - PowerPoint PPT Presentation

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Türk Ekonomi Bankası A.Ş.

Investor Presentation

August 2007

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

Growth through cross-selling

 4th largest factoring company

in Turkey with a 7.7% market share in the sector as of 2Q07

 10th largest brokerage

and investment house

• f Turkey with 3,45%

market share as of 2Q07 (specialized in M&A’s and IPO’s ) TEB Asset Management TEB Investment TEB NV  3.16% market share, 9th largest leasing company in Turkey as of 2Q07

 “Turkish specialist” in the EU

market, total asset size is EUR 765

• mio. as of 2Q07

TEB Factoring TEB Leasing

 Total AUM is EUR 632 mio.

and market share is % 3,22 as of 2Q07.

TEB Financial Group of Companies

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

Coverage 42 cities with 233 branches

Expanding Branch Network

GDP coverage 90%

June 2007

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

Non Performing Loans

Non-Performing Loans as a % of Total Loans

Prudent approach, low NPL ratio

Source: CMB of Turkey announcements and BRSA Bank-Only Accounts

2,2% 2,4% 7,2% 10,7% 11,5% 27,2% 16,5% 11,5% 6,0% 4,9% 3,7% 3,5% 0,0% 0,2% 0,5% 0,6% 0,9% 3,8% 2,5% 2,1% 1,3% 1,1% 0,9% 1,3% 0% 10% 20% 30%

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007/2Q

TEB Sector Average

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

Consolidated BRSA B/S Highlights

Source: TEB, BRSA Consolidated Accounts

YTL Million Share Change Share Change

Assets Liabilities Cash & banks

19.1%

2,213 2,031

9.0%

Deposits

65.0%

7,553 6,726

12.3%

M.sec + repos

15.7%

1,820 1,657

9.8%

Repos

7.0%

809 795

1.8%

Loans + Trade rec.

61.9%

7,189 6,371

12.8%

Funds Borrowed

13.6%

1,582 1,396

13.3%

Other Assets

2.1%

247 133

85.7%

Other Liab.

6.0%

694 465

49.2%

Fixed Assets

1.3%

146 106

37.7%

Total Liabilities

91.6%

10,638 9,382

13.4%

Total Assets

100.0%

11,615 10,298

12.8%

Subordinated Loans

2.4%

283 300

• 5.7%
• Sh. Equity

Capital & Res.

5.3%

620 493

25.8%

Income

0.6%

74 123

n.m.

Total Sh. Equity

6.0%

694 616

12.6%

Total Liab + Equity

100.0%

11,615 10,298

12.8%

Reviewed Reviewed Reviewed Reviewed 30.06.2007 31.12.2006 30.06.2007 31.12.2006

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

Consolidated Balance Sheet Composition

Assets Liabilities

Source: TEB, BRSA Consolidated Accounts

24,5% 17,5% 55,6% 2,3% 19,7% 16,1% 61,9% 2,3% 19,1% 15,7% 61,9% 3,4%

2005 2006 2007/2Q

Liquid Assets Marketable Sec. Loans Other

62,0% 10,8% 15,2% 7,2% 4,7% 65,3% 7,5% 14,9% 6,0% 6,4% 65,0% 7,0% 13,6% 6,0% 8,4%

2005 2006 2007/2Q

Deposits Repos Funds Borrowed Equity Other

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

Consolidated BRSA Income Statement Re-Classified

Source: TEB, BRSA Consolidated Accounts

YTL Million Change

Interest Income 737.4 396.2

86.1%

Interest Expense

• 473.8
• 245.1

93.3%

FX Gains / (Losses), net

• 17.7
• 7.5

136.0%

Loan Loss and General Provisions

• 21.0
• 12.9

62.8%

Adjusted Net Interest Income 224.9 130.7

72.1%

Net Trading Income

13.8 19.8

• 30.3%

AUM 13.0 17.9

• 27.4%

Securities Trading 0.8 1.9

• 57.9%

Net Fees, Comm. & Other Operating Income

92.6 60.2

53.8%

Net Fees, Commissions Income 76.9 50.1

53.5%

Other Operating Income 15.7 10.1

55.4%

Non-interest Income 106.4 80.0

33.0%

Non-interest Expense

• 236.5
• 145.7

62.3%

Operating Profit 94.8 65.0

45.8%

Provision for Taxes on Income

• 20.9
• 17.8

17.4%

Net Income / (Loss) 73.9 47.2

56.6%

Reviewed Reviewed 30.06.2007 30.06.2006

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

Profitability Ratios

4,88% 3,87% 5,34% 5,39% 0% 2% 4% 6% 2005 2006 1Q07 2Q07

Net Interest Margin

23,77% 22,03% 25,73% 22,50% 0% 10% 20% 30% 40% 2005 2006 2007/1Q 2007/2Q

ROAE (net)

1,83% 1,43% 1,53% 1,35% 0% 1% 2% 3% 2005 2006 2007/1Q 2007/2Q

ROAA (net)

61,0% 63,9% 63,5% 71,0% 0% 20% 40% 60% 80% 2005 2006 1Q07 2Q07

Cost / Income

Source: TEB, BRSA Consolidated Accounts

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Türk Ekonomi Bankası A.Ş.

BNP PARIBAS JOINT VENTURE

91,30% 94,72% 96,27% 95,18% 0% 25% 50% 75% 100% 2005 2006 1Q07 2Q07

Marketable Sec. / Assets

17,1% 16,1% 13,90% 15,67% 0% 5% 10% 15% 20% 2005 2006 1Q07 2Q07

Ratios

Loans / Deposits

Source: TEB, BRSA Consolidated Accounts

Capital Adequacy Ratio

12.3% 13.76% 14.3% 13.00% 13.6% 12.01% 12.2% 10.84%

0% 4% 8% 12% 16%

2005 2006 2007/1Q 2007/2Q

Consolidated Bank- Only

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Türk Ekonomi Bankası A.Ş.

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.