Fibabanka Overview September 2013

Fibabanka Overview September 2013

12 Countries 74 Companies >12,000 employees

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

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 10.762 10.990 2009 2010 2011 2012 Dec 12 June13 Shareholders' Equity (mln ) Shareholders' Equity mln ) 1.099 1.225 1.249 1.209 649 599 2009 2010 2011 2012 Dec 12 June13 5

Financial Summary-Credit Europe Bank Group CEB CEB CEB NL CEB Russia CEB Romania CEB Suisse 31/12/12 Dubai Ukraine Total Assets ( mm) 6.235 2.924 1.146 440 71 152 Loans to customers ( mm) 2.413 2.542 714 240 30 93 Customer Deposits ( mm) 4.315 927 560 121 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 2.598 538 1 0 2 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 4 124 76 - - 6 6

Overview of Fibabanka Operations

Overview and Shareholder Structure Overview Acquired in December 2010 1,103 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 $) 130.777 172.058 239.341 270.377 * 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

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 21 28 40 55 9

Financial Figures

Financial Summary-1 Balance Sheet (BRSA-$ mln) YTD (%) Cash&banks 83 139 272 568 109% Securities 61 28 74 131 76% Loans to customers, net 413 1.115 1.807 2.258 25% Other assets 25 35 35 63 80% Total Assets 582 1.316 2.188 3.019 38% Customer deposits 411 1.065 1.479 1.957 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 equity 69 123 215 237 10% Total Liabilities 582 1.316 2.188 3.019 38% 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

Loans to Customers Loans to Customers (Performing) (mln $)* Breakdown of Total Loans by Segment Breakdown of Total Loans by Currency 393 356% 1.103 1.793 25% 2.244 Commercial ; 1.626; 72% Retail; 168; 8% SME; 450; 20% FC 1.028 46% $ 1.215 54% *NPLs and provisions are not included. Commercial Loans (mln $) SME Loans (mln $) Retail Loans (mln $) 991% 18% 54% 1.626 1.375 289% 810 156 75 126 450 292 192 138 126 168 12

Customer Deposits and Funding Customer Deposits (mln $) Deposits Currency Composition (mln $) Deposits Segment Composition (mln $) 32% 260% 1.957 1.479 1.065 411 FC 579 30% $ 1.378 70% Commercial 831 42% Retail 1.126 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. (subject to renewal) Borrowing from IFC and EFSE for USD 30 mln and EUR 15 mln respectively with maturity June 2017. 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

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% 2010 2011 2012 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% 2010 2011 2012 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% 2010 2011 2012 Sep 13-12,3% 14

Key Budget Figures Total Assets 2.188 4.421 102% Dec'12 Dec'13 (B) %(Dec'13- Dec'12) Number of branches 28 75 168% Number of personnel 612 1.175 92% (Mln $) Dec'12 Dec'13 (B) %(Dec'13- Dec'12) Loans to customers 1.793 3.474 94% Retail 126 328 160% SME 292 666 128% Corporate&Commercial 1.375 2.480 80% Funding: (Mln $) Dec'12 Dec'13 (B) %(Dec'13- Dec'12) Customer Deposits 1.479 3.245 119% Other Borrowings 338 598 77% Group Banks 40 0 - Repo 55 159 192% Total 1.911 4.002 109% 15