Fibabanka Overview September 2013

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Eric Crawford
8 years ago
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1 Fibabanka Overview September 2013

3 12 Countries 74 Companies >12,000 employees

4 Fiba Group Sectors & Companies Fiba Holding Fina Holding Banking Other Financial Services Retail Real Estate & Asset Management Marine&Logistics Energy Other Fibabanka Credit Europe Group Holland CEB Holland CEL Romania CEB Suisse CEL Russia CEB Romania CEL Ukraine CEB Russia Credit Europe CEB Ukraine Ipotecar Romania CEB Dubai CE Asigurari Romania CE Life Insurance Russia Marks & Spencer Turkey, Russia, Ukraine Gap Turkey, Russia, Ukraine Banana Republic Turkey, Russia Aeropostale Turkey Fiba Real Estate Turkey Anchor Group Romania Star Mall Real Estate Hong Kong, Shenyang, Shanghai ICS Lemi Invest Moldovia Fiba Mall Management Turkey AJT (Swissôtel İstanbul) Turkey Kumport Container Port, Turkey Fina Energy Holding Turkey Fiba Air Turkey Girişim Factoring Turkey Fiba Factoring Turkey Girişim NPL Management Turkey Fiba Life Insurance Turkey Fiba Group is mainly focused on selected business activities in the service industry Fiba Group has geographically expanded its high performing and value generating business lines, both nationally, internationally, through replicating best practices Fiba Group has also captured value opportunistically through: Fostering development teams aimed at capturing value through M&As/exits, and participating in new business lines of significant size and growth potential 4

Russia, Ukraine Gap Turkey, Russia, Ukraine Banana Republic Turkey, Russia Aeropostale Turkey Fiba Real Estate Turkey Anchor Group Romania Star Mall Real Estate Hong Kong, Shenyang, Shanghai ICS Lemi

Financial Summary Fiba Holding and CEB N.V. Fiba Holding Credit Europe Bank N.V. (Consolidated) Total Assets (mln ) 11.405 11.737 Total Assets (mln ) 9.237 9.668 10.

5 Financial Summary Fiba Holding and CEB N.V. Fiba Holding Credit Europe Bank N.V. (Consolidated) Total Assets (mln ) Total Assets (mln ) Dec 12 June13 Shareholders' Equity (mln ) Shareholders' Equity mln ) Dec 12 June13 5

990 2009 2010 2011 2012 Dec 12 June13 Shareholders' Equity (mln ) Shareholders'

6 Financial Summary-Credit Europe Bank Group CEB CEB CEB NL CEB Russia CEB Romania CEB Suisse 31/12/12 Dubai Ukraine Total Assets ( mm) Loans to customers ( mm) Customer Deposits ( mm) PBT ( mm) 33,9 87,9 (29,2) 17,1 2,9 10,0 # of Employees # of Customers ('000s) Branches; Key Retail Distribution Channels Direct Sales; Internet banking; Call center Branches; Direct sales; ATMs; POSs; Call center Direct sales; ATMs; POSs; Internet banking; Call n/a n/a Branches; Direct sales; center # of Branches

315 927 560 121 3 11 PBT ( mm) 33,9 87,9 (29,2) 17,1 2,9 10,0 # of Employees 339 5.386 926 49 16 61 # of Customers ('000s) 427 2.

7 Overview of Fibabanka Operations

8 Overview and Shareholder Structure Overview Acquired in December ,103 employees as of September 2013, 701 employees at 55 branches and 402 employees at Head Office Branches in major cities: İstanbul (28), Ankara (6), Antalya (6), İzmir (3), Bursa (1), Adana (2), G.Antep (2), Muğla (1), Kocaeli (1), Denizli (1), Mersin (1),Konya (1), Diyarbakır (1), Şanlıurfa (1). Commercial Segmentation: Corporate and commercial customers Retail Segmentaion: Private,affluent,upper mass and SMEs customers. COMMERCIAL BANKING Shareholder Structure Credit Europe Bank N.V.* 95% 97% Millennium BCP 5% 3% 27/12/10 31/12/11 31/12/12 30/09/13 Fiba Holding A.Ş. 100% 98% Other 2% Paid-in Capital (Ths $) * Shares of Credit Europe Bank N.V. and Millennium BCP were transferred to Fiba Holding A.Ş. as of December 2012 (Fiba Holding is the main shareholder of Credit Europe Group.). 26 years of corporate banking experience in the country Working capital loans to mid and large size corporate customers and also SMEs Providing medium to long term financing projects in construction & contracting, energy, manufacturing and tourism Cross sell possibility to local corporate customers (local current accounts, local TRY clearing and custody services) Create business opportunities through cash management and trade finance products in order to deepen the relationship with customers 95% 97% 100% 98% RETAIL BANKING Servicing retail customers through alternative distribution channels due to the limited branch network 42,850 active customers 5% 3% 27/12/10 31/12/11 31/12/12 30/09/13 Credit Europe Bank N.V.* Millennium BCP Fiba Holding A.Ş. Other 2% 8

Commercial Segmentation: Corporate and commercial customers Retail Segmentaion: Private,affluent,upper mass and SMEs customers. COMMERCIAL BANKING Shareholder Structure Credit Europe Bank N.V.

9 Branch Network Kırklarel i Bartın Edirne Kastamonu İstanbul Zonguldak Tekirdağ Karabük Kocaeli Düzce Yalova Sakarya Bolu Çankırı Çanakkale İzmir Balıkesir Manisa Aydın Muğla Bursa Kütahya Uşak Denizli Bilecik Burdur Eskişehir Afyon Isparta Antalya Ankara Konya Kırıkkale Karaman Kırşehir Aksaray Mersin Sinop Çorum Nevşehir Niğde Yozgat Samsun Amasya Kayseri Tokat Adana Osmaniye Kahramanmaraş Adıyaman Hatay Ordu Sivas Gaziantep Kilis Rize Trabzon Giresun Gümüşhane Bayburt Erzurum Malatya Erzincan Şanlıurfa Tunceli Elazığ Bingöl Diyarbakır Mardin Artvi Muş Batman n Ardahan Bitli Kars s Ağrı Siir t Şırnak Iğdır Van Hakkari current to be opened Dec 11 Dec 12 Jun 13 Sep 13 Number of branches

Kayseri Tokat Adana Osmaniye Kahramanmaraş Adıyaman Hatay Ordu Sivas Gaziantep Kilis Rize Trabzon Giresun Gümüşhane Bayburt Erzurum Malatya Erzincan Şanlıurfa Tunceli Elazığ

10 Financial Figures

11 Financial Summary-1 Balance Sheet (BRSA-$ mln) YTD (%) Cash&banks % Securities % Loans to customers, net % Other assets % Total Assets % Customer deposits % Bank borrowings % Securities issued % Subordinated loan % Other liabilities % Paid in capital % Shareholders equity % Total Liabilities % 4% 3% 2% 2% 71% 85% 83% 75% 10% 4% 2% 3% 14% 11% 12% 19% Other assets Loans to customers, net Securities Cash&banks 12% 9% 10% 8% 2% 2% 4% 3% 7% 2% 5% 6% 5% 16% 71% 81% 12% 14% 68% 65% Shareholders equity Other liabilities Subordinated loan Securities issued Bank borrowings Customer deposits 11

957 32% Bank borrowings 91 40 257 415 62% Securities issued 0 0 125 144 15% Subordinated loan 0 0 50 129 157% Other liabilities 12 88 62 137 122% Paid in capital 131 172 239 270 13% Shareholders

12 Loans to Customers Loans to Customers (Performing) (mln $)* Breakdown of Total Loans by Segment Breakdown of Total Loans by Currency % % Commercial ; 1.626; 72% Retail; 168; 8% SME; 450; 20% FC % $ % *NPLs and provisions are not included. Commercial Loans (mln $) SME Loans (mln $) Retail Loans (mln $) 991% 18% 54% %

626; 72% Retail; 168; 8% SME; 450; 20% FC 1.028 46% $ 1.215 54% *NPLs and provisions are not included.

13 Customer Deposits and Funding Customer Deposits (mln $) Deposits Currency Composition (mln $) Deposits Segment Composition (mln $) 32% 260% FC % $ % Commercial % Retail % Other Funding Sources Paid-in-Capital (mln $) Syndication loan for EUR 45 mln and USD 20 mln with maturity Dec (subject to renewal) Borrowing from IFC and EFSE for USD 30 mln and EUR 15 mln respectively with maturity June Subdebt from Fiba Holding for USD 50 mln with maturity Dec 2022, Subdebt from IFC, EBRD and ETDB for USD 40 mln, EUR 20 mln and USD 10 mln respectively with maturity 2023 TL bond issuances total of $ 144 mln. 13

126 58% Other Funding Sources Paid-in-Capital (mln $) 131 172 239 270 Syndication loan for EUR 45 mln and USD 20 mln with maturity Dec 2013.

14 Income Statement & Key Ratios Income Statement (BRSA- $) Dec 10 Dec 11 Dec 12 Sep 12 Sep 13 YoY (%) NII 17,7 34,1 78,1 55,3 69,8 26% Net Fee & Com. Income 6,6 12,0 15,8 11,6 14,8 28% Trading Income -5,8 1,6 6,4 3,0 4,0 30% Total Income 18,5 47,7 100,3 69,9 88,5 27% Personnel Expenses -14,5-19,0-30,2-21,5-28,9 34% Operating Expenses -13,7-14,2-20,5-14,6-19,7 34% Total Expenses -28,1-33,1-50,7-36,1-48,5 34% Operating Income -9,7 14,6 49,5 33,7 40,0 18% Provisions -1,4-8,9-14,2-7,2-17,5 144% Other Income/Expense 1,0-1,5-1,5-1,2-4,2 239% Income Before Tax -10,0 4,2 33,8 25,3 18,3-28% Tax 0,6-1,4-8,2-5,8-5,5-4% Net Income (BRSA) -9,5 2,8 25,6 19,6 12,7-35% NIM 5,1% 4,0% 4,5% 2,8% Sep 13 Cost/Income 115,8% Net Income (IFRS) -11,5 13,4 32,4 22,7 20,2-11% 71,9% 54,0% 57,4% Sep 13 Ratios NIM 2,8% 4,0% 5,1% 4,5% Cost/Income 115,8% 71,9% 54,0% 57,4% ROA -1,2% 1,0% 1,9% 1,1% ROE -12,3% 7,4% 14,9% 12,8% NPL ratio 3,3% 0,8% 0,9% 1,0% CAR* 15,0% 17,2% 14,3% 13,8% ROE 14,9% 7,4% 12,8% Sep 13-12,3% 14

-13,7-14,2-20,5-14,6-19,7 34% Total Expenses -28,1-33,1-50,7-36,1-48,5 34% Operating Income -9,7 14,6 49,5 33,7 40,0 18% Provisions -1,4-8,9-14,2-7,2-17,5 144% Other Income/Expense

15 Key Budget Figures Total Assets % Dec'12 Dec'13 (B) %(Dec'13- Dec'12) Number of branches % Number of personnel % (Mln $) Dec'12 Dec'13 (B) %(Dec'13- Dec'12) Loans to customers % Retail % SME % Corporate&Commercial % Funding: (Mln $) Dec'12 Dec'13 (B) %(Dec'13- Dec'12) Customer Deposits % Other Borrowings % Group Banks Repo % Total % 15

175 92% (Mln $) Dec'12 Dec'13 (B) %(Dec'13- Dec'12) Loans to customers 1.793 3.

Fibabanka Overview December 2013

Fibabanka Overview December 2013 12 Countries 82 Companies 15,000 employees Fiba Group Sectors & Companies Fiba Holding Fina Holding Banking Other Financial Services Retail Real Estate & Asset Management