As of

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1 As of

2 Contents Pages Background & Ownership 3-4 Ratings and Financial Performance 6-0 Risk Management 4-6 Business Strategies & Current Strengths 8-20 National Presence and Participations

3 Background Şekerbank is one of Turkey s leading private commercial banks, offering universal banking services through its network of 32 branches. Milestones 953 : Established in Eskisehir as the Sugar Beet Cooperative Bank 956 : Moved to Ankara and renamed as Şekerbank 970 s : Shifted to full service banking from cooperative banking 980 s : Concentrated in commercial banking 997 : Initial public offering 2002 : Initiated restructuring to change from a traditional commercial bank into multi channel, diversified financial institution based on customer and segment focused applications 2004 : Head Office moved to Istanbul 2006 : In June; Partnership agreement to sell 33,979% of shares to BTA (Bank Turan Alem) Group of Kazakhstan 2007 : In March; Conclusion of Partnership Agreement with BTA Group 2008 : Rised by 393 levels in rankings Banker Magazine s Top 000 World Bank Ranking, all the way to 582 from 976. Became one of the top 50 fastest movers in the same ranking by The Banker Magazine during :IFC and Şekerbank Personnel Social Security Foundation signed an option agreement for IFC purchasing Şekerbank shares up to 5%. 20 : BTA shares transferred to Samruk Kazyna, the National Welfare Fund of Kazakhstan 3

4 Ownership As of December 203 Şekerbank Pension Fund 32,24% 33,98% Şekerbank T.A.Ş. Voluntary Pension Fund Samruk Kazyna Started operations in February 965 Consists of 6486 members (current & retired employees) Income sources of the Personnel Pension Fund are premiums, rental income and income from portfolio investments 0,08%,76% 2,93% BTA Securities JSC Sugar Beet Cooperatives Publicly Traded Samruk Kazyna National Welfare Fund of Kazakh Government BTA Securities JSC is % 00 consolidated subsidiary of Bank TuranAlem (BTA) Kazakhstan. BTA has been acquired by Samruk Kazyna in February Currently Samruk Kazyna has 8.5% shares of BTA. Management rights of the shares owned by BTA Securities is held by Samruk kazyna. -IFC currently has 5,77 % from the ISE quoted shares. 4

6 Sekerbank Ratings MOODY'S Rating Outlook Long Term FC Bank Deposits Ba Stable Long Term LC Bank Deposits Ba Stable FITCH Rating Outlook Long Term FC BB- Stable Long Term LC BB- Stable National A+(tur) Stable JCR Rating Outlook Long Term FC BBB- Stable Long Term LC BBB- Stable National AA- (tur) 6

7 Financial Figures Bank Only Financials (000 TL) (Audited in BRSA Standards) Balance Sheet yoy% Total Assets 29,0% Net Loans 35,4% Deposits 24,7% Shareholders' Equity 2,6% Tier I Capital,6% Income Statement yoy% Net Interest Income -2,2% Profit Before Tax -5% Net Profit -3%

8 Performance Review Ratios 4% % 5.9 % Local Currency Assets / Assets 77,90% Loans / Assets 72,34% Securities / Assets 9,03% Loan Loss Provision Ratio 53,% Funding Ratios Loans / Deposits 07,8% 99,48% TRY Loans / TRY Deposits 37,24% 20,69% FC Loans/FC Deposits 45,5% 48,69% NPL Ratio 4,97% % 28. % 28. Şekerbank Capital Adequacy Ratio 3,54% Int.Exp. / Int.Income 48,5% Cost Ratios Cost/Income 59,58% 48,90% NIM 5,32% 6,83% Return on Equity 0,23% Return on Assets,2% 8

9 Performance Review (cont d) 4% 5.9 %.9 % Profitability Yoy% Fees & Commissions Yoy% Interest on Loans ,74% Banking Services ,44% Interest on Securities ,32% Fees from Non-Cash Loans ,80% Net Interest Income ,23% Net Comm. Income ,33% Net Profit ,52% % 28. % 28. Fees & Comm. Rcvd ,89% Fees & Comm Paid ,44% Net Fees & Comm ,33% 9

10 IFI Relations and Foreign Borrowings Facilities Amount Currency Tenor Purpose ETDB SME Senior Loan USD 4 years SME Financing ETDB (Subloan) USD 0 years SME Financing EBRD (Subloan - 203/2) USD 0 years SME & Women Financing ResponsAbility SICAV (Lux) Mikrofinanz USD 3 years Micro Finance ResponsAbility Global Micro Finance USD 3 years Micro Finance EFSE (Subloan II) EUR 0 years Micro Finance IFC (Subloan) USD 0 years SME & Women Financing EBRD (Subloan-203/) USD 0 years SME & Women Financing Syndication EUR year Foreign Trade Syndication USD year Foreign Trade KfW (SELP II - 3rd Part) EUR 4 years SME Financing EFSE (Subloan I) EUR 0 years Micro Finance ResponsAbility SICAV USD 3 years Micro Finance ResponsAbility SICAV USD 3 years Micro Finance ResponsAbility SICAV USD 3 years Micro Finance GCPF USD 5 years Energy Efficieny TSKB EUR 4 years Pre-Finance OPIC (CITI) USD 3 years Micro Finance KfW (Energy Efficiency) EUR 5 years Energy Efficiency KfW (SELP II - 2nd Part) EUR 4 years SME Financing Green for Growth Fund EUR 7 years Energy Efficieny IFC II EUR 5 years Food & Agri (SME & Micro Financing) AFD EUR 2 years SME Financing KfW (Subloan) EUR 0 years SME Financing IFC I EUR 7 years SME Financing Asset-Guaranteed Bond - FMO TRY 5 years EKO Loans Asset-Guaranteed Bond - IFC TRY 5 years SME & Micro Financing Asset-Guaranteed Bond - EIB TRY 4 years SME & Micro Financing; EADP* Asset-Guaranteed Bond - EBRD TRY 4 years SME & Micro Financing; EADP* Asset-Guaranteed Bond - KfW/EIF TRY year SME & Micro Financing *EADP: East Anatolian Development Regions TOTAL USD *EADP: East Anatolian Development Regions 0

11 Summary of Covered Bond Deal SME backed Covered Bond transaction up to TL 800,000,000.- under the legislation of Capital Markets Board in 20 - The first ever Turkish covered bond transaction, - The first SME backed covered bond in the world, - The highest rating ever assigned to any Turkish transaction to date (A3) (International Scale Rating from Moody s) - Designed as a programme to create a sustainable longer term funding source for the SME portfolio Overview of Investors in Previously Issued Covered Bond Tranches Investor Issuance Size Maturity Unicredit AG EURO 00 million (Two tranches 50 million each) year IFC USD 25 million 5 years FMO EURO 25 million 5 years EIB EURO 50 million 3 years EBRD TL 60 million 3 years KfW (under EIF guarantee) EURO 50 million 3 years Private Investors EURO 9.5 million 3 years

12 Sep.00 Dec.00 Mar.0 Jun.0 Sep.0 Dec.0 Dec.02 Mar.03 Jun.03 Sep.08 Dec.08 Mar.09 Jun.09 Sep.09 Dec.09 MILLION TL MILLION TL MILLION TL MILLION TL Performance in 2008 and 200 crises Shareholders' Equity Shareholders' Equity Dec.07 Dec.08 Dec Dec.00 Dec.0 Dec.02 Dec.03 Total Deposits 2200 Total Deposits

14 Capital Adequacy The Bank directly adopts the regulatory limit for CAR as a Risk Limit and also sets an additional Risk Limit for Tier I Ratio for which there is no regulatory limit. Risk Limit s are all approved by the Board of Directors. Capital Adequacy min 2 % (Risk Limit = Regulatory Limit) Tier I Ratio min 0 % (Risk Limit) Regulatory Limit Risk Limit Dec 3 Dec 2 Dec Capital Adequacy min 2% 2% 3,54% 4,48% 3,24% Tier I Ratio min - 0% 0,3% 2,52% 2,54% 4

15 Credit Risk: Loan Portfolio by Segments *As of CUSTOMER SEGMENT TURNOVER NUMBER OF CUSTOMERS OUTSTANDING PORTFOLIO (000 TL) SEGMENT / TOTAL LOANS Corporate % 8.98 Retail; 2.64% CORPORATE > TL 00 mio 75 2,455,099 8,98% MEDIUM SIZE <TL 00 mio >TL 25 mio ,042,874 SME SMALL <TL 25 mio >TL 5 mio 3.832,562,426 68,38% SME 68.38% MICRO < TL 5 mio ,238,20 RETAIL 25.04,634,30 2,64% TOTAL ,932,820 00,00% 5

16 Management of Liquidity A widespread as well as stable deposit base depicted by roll-over rates as high as 90 % lead to a symmetric structure with regards to the Bank s aggregate cash flow structure: As of December 203 6

17 Contents Pages Background & Ownership 3-4 Financial Figures and Performance 6-0 Risk Management 2-7 Business Strategies & Current Strengths 8-20 National Presence and Participations

18 Business Strategy Şekerbank started implementation of its strategy plan that was developed with contribution of a well known int l Consulting Company in According to the strategy, the goal of the bank is to shift towards customer focused and effective sales process and plan the necessary infrastructure for success. Target sectors The Business Plan identifies the base of the strategy as Community Banking with Commercial Focus. The bank has choosen the following business sectors as main focuses of the bank, to be supported by retail products; - Small and Medium Companies in general through community banking approach - Construction - Food and agriculture - Tourism 8

19 Business Strategy Community Banking Being Close to Customers / product excellence Construction Focusing more on housing projects Managing cash flows of projects Financing existing projects Decreasing construction loans to total loans, while increasing loans to other sectors Food & Agri Creating a Value Chain from farmers to outlets Focusing on areas with growth potential Data based specialization & providing distinctive products designed for customer needs Pursuing close relations with Farmer Unions and other food organizations Tourism Serving tourism establishments, financing renovation, capacity increase and working capital requirements Serving restaurants, bus companies, local tour operations Focusing on cultural, educational, health and winter tourism Becoming a partner of growing SME s Providing simple and user friendly products Reaching SME via TİM, KOSGEB, Universities and other institutions alike Other Sectors Energy, Textile, IT, Logistics, Chemicals, Manufacturing Reaching sub sectors through the value chain of main sectors SME Operational excellence Developing very Strong Deposit Base Focusing on Product Differentiation, and Cross Selling Expanding Retail Loans with a widespread customer portfolio Retail 9

20 Growth Plan GROWTH PLAN 203 (Realized) 204 (Projection) 205 (Projection) Cash Loans (Net) Deposits Total Assets Securities Shareholders Equity Paid in Capital Net Interest Income Net Fees and Commissions Net Profit ROE 0,23%,07%,80% ROA,2%,2%,22% 20

21 Contents Pages Background & Ownership 3-4 Financial Figures and Performance 6-0 Risk Management 2-7 Business Strategies & Current Strengths 8-20 National Presence and Participations

22 National Presence 32 branches across Turkey Rank Banks Provinces* that are covered 5-0 new branches every year in line with the market developments Well-defined geographical coverage (70 cities and 90 major towns) Regional Offices: 3 in Istanbul, 8 in Anatolia Average presence of a branch over 25 years, qualifying Şekerbank as one of the most established and trusted banking brands İşbank/ Denizbank 8 2 Akbank 79 3 Garanti 78 4 Yapı ve Kredi Bankası 74 5 ING Bank 7 6 Şekerbank 70 7 Finansbank 68 8 HSBC 62 9 TEB 7 0 Anadolubank 27 * Turkey has currently 8 provinces 22

23 National Presence Trakya İstanbul* Branches 5 İstanbul Kırklareli Europe İstanbul Sinop 22 Kastomunu Kastamonu 4 Asia Bartın İstanbul 29 Zonguldak 3 Tekirdağ Zonguldak Karabük Artvin SAMSUN Samsun Artvin Ardahan Tekirdağ Rize 6 Kocaeli Düzce Trabzon Amasya Ordu Çankırı Amasya 2 Yalova 4 Bolu Giresun 3 Çorum 2 3 Giresun Tokat Tokat 2 G.Hane G.Hane Bayburt Bayburt Kars 4 Bursa BURSA Bilecik İÇ ANADOLU ANKARA Çanakkale Ankara Erzurum 9 BÖL. 29 BÖLGE 34 ERZURUM 2 Kırıkkale Balıkesir Eskişehir Kırıkkale Erzincan Yozgat Ankara Ankara 5 MARMARA BÖL. 3 3 Sivas Ağrı Şubeleri Şubeleri Kırşehir 2 7 ** 8** 2 Kütahya Tunceli Bingöl Muş Nevşehir Manisa Nevşehir Kayseri Elazığ 6 Uşak Uşak Afyon*** Elazığ 6 Malatya Van Bitlis İzmir İZMİR 2 5 Aksaray Konya 2 Sandıklı 7 Dinar 8 Diyarbakır Denizli 2 Isparta Niğde K.Maraş Siirt ( Şube Aydın Ankara Bölgeye bağlıdır.) Adıyaman Batman Aydın Denizli Burdur Adana Şırnak Muğla *** 3 Muğla Adana 7 Mardin Ş.Urfa 4 3 Muğla ANTALYA Osmaniye Antalya Karaman GAZİANTEP G.Antep Fethiye Kilis 4 Ortaca Mersin*** İçel 5 Anamur Hatay 3 Edirne 3 Ege Regional Office 34 Trakya Regional Office 28 İst.And. Regional Office İstanbul* Branches 25 Regional Offices İstanbul Avrupa Regional Office İstanbul Anadolu Regional Office Trakya Regional Office Marmara Regional Office Akdeniz Regional Office 28 Ege Regional Office Ankara Regional Office İç Anadolu Regional Office Akdeniz Regional Office Karadeniz Regional Office 2 Güney Doğu Anadolu Regional Office 34 Doğu Anadolu Regional Office 6 Karadeniz Regional Office Güneydoğu Anadolu Regional Office Doğu Anadolu Regional Office Cities without any branch Iğdır Iğdır Hakkari 23

24 Participations Şeker Leasing (quoted on ISE) %50,95 Founded in 997, headquartered in Istanbul and three liaison offices in Ankara, Bursa and İzmir. Şeker Factoring %99,99 Founded in 2000 Şeker Yatırım (Investment Banking) %99,04 Founded in 997, all Şekerbank branches are agents to the Company Şekerbank (Kıbrıs Ltd.) %95,72 Şekerbank International Banking Unit Ltd.%74,30 Şeker Mortgage Finansman A.Ş. (Şeker Konut Finans) % 5 24

25 Disclaimer Statement The information in this document has been obtained by Sekerbank T.A.Ş. ( Sekerbank ) from sources believed to be reliable, however, Sekerbank cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes only. The financial reports and statements announced by Sekerbank to the public and the relevant corporations are accepted to be the sole material. Sekerbank does not accept any liability whatsoever for any direct or consequential loss arising from any use of this document or its contents due to the misleading information in this document. All estimations contained in this document are the opinions of Sekerbank and can be subject to change without notice. This document can not be interpreted as an advice to the investors and Sekerbank can not be held responsible for the results of investment decisions made on account of this document. This document has been issued specially to the person, whom the document is concerned and may not be reproduced, distributed or shared with third parties for any purpose