FibabankaOverview

December 2013

12 Countries

82 Companies

15,000 employees

Fiba Group – Sectors & Companies

4

• Girişim Factoring Turkey

Fiba Holding Fina Holding

Banking Other Financial Services

Retail Real Estate & Asset

Management

Marine&Logistics Energy Other

• 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

• Fiba Factoring Turkey

• Girişim NPL Management Turkey

• Fiba Life Insurance Turkey

• 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

• 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

• Fibabanka

• Fiba Portfolio Management

Financial Summary – Fiba Holding and CEB N.V.

5

Credit Europe Bank N.V. (Consolidated)

Total Assets (mln €)

2009 2010 2011 2012

10.76210.990

11.40511.737

Shareholders' Equity (mln €)

2009 2010 2011 2012

1.099 1.225 1.249 1.209

Fiba Holding

Dec 12 Dec 13

9.23710.158

Total Assets (mln €)

Dec 12 Dec 13

649 641

Shareholders' Equity mln €)

Financial Summary-Credit Europe Bank Group

6

31/12/13CEB NL CEB Russia CEB Romania CEB Suisse

CEB

Dubai

CEB

Ukraine

Total Assets (€mm) 6.280 3.364 1.172 567 129 152 Loans to customers (€mm) 2.654 2.946 675 229 102 83 Customer Deposits (€mm) 4.092 1.028 670 181 14 24 PBT (€mm) 36,5 87,7 (5,5) 7,0 3,8 12,2 # of Employees 327 4.703 925 58 17 62 # of Customers ('000s) 423 3.250 554 1 0 2

Key Retail Distribution Channels

Direct Sales; Internet

banking; Call center

Branches; Direct sales; ATMs; POSs; Call center

Branches; Direct sales; ATMs; POSs;

Internet banking; Call

center

n/ a n/ a

Branches;

Direct sales;

# of Branches 4 114 65 - - 1

Overview of Fibabanka Operations

Overview and Shareholder Structure

8

Overview Shareholder Structure Acquired in December 2010

1,152 employees as of December 2013, 771 employees at 62 branches and 381 employees at Head Office

Branches in major cities: İstanbul (30), Ankara (7), Antalya (6), İzmir (3), Bursa (1), Adana (2), G.Antep (3), Muğla (1), Kocaeli (1), Denizli (1), Mersin (1),Konya (1), Diyarbakır (1), Şanlıurfa (1), Düzce (1),Tekirdağ (1), Kayseri (1)

Commercial Segmentation: Corporate and commercial customers

Retail Segmentaion: Private,affluent,upper mass and SMEs customers.

RETAIL BANKING

COMMERCIAL BANKING

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

Servicing retail customers through alternative distribution channels due to the limited branch network

47 ths active customers

* 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.).

95% 97%

5% 3%

100% 98%

2%

27/12/10 31/12/11 31/12/12 31/12/13Credit Europe Bank N.V.* Millennium BCP Fiba Holding A.Ş. Other

27/12/10 31/12/11 31/12/12 31/12/13

Credit Europe Bank N.V.* 95% 97%

Millennium BCP 5% 3%

Fiba Holding A.Ş. 100% 98%

Other 2%

Paid-in Capital (Ths TL) 202.535 325.000 426.650 550.000

Branch Network

9

istanbulizmirankarabursaantalyaadanagaziantepmuğlakocaelidenizli

current

Dec 11 Dec 12 J un 13 Sep 13 Dec 13

Number of branches 21 28 40 55 62

Adana

Balıkesir

Bilecik

Bingöl

Bitlis

Bolu

Burdur

BursaÇanakkale

ÇankırıÇorum

AdıyamanDenizli

Diyarbakır

Edirne

Elazığ

Erzincan

Erzurum

Eskişehir

Gaziantep

GiresunGümüşhane

Afyon

Hakkari

Hatay

Isparta

Mersin

İstanbul

İzmir

Kars

Kastamonu

Kayseri

Kırklareli

Ağrı

Kırşehir

Kocaeli

Konya

Kütahya

Malatya

Manisa

Kahramanmaraş

MardinMuğla

Muş

Amasya

Nevşehir

Niğde

Ordu

Rize

Sakarya

Samsun

Siirt

Sinop

Sivas

Tekirdağ

Ankara

Tokat

Trabzon

Tunceli

Şanlıurfa

UşakVan

Yozgat

Zonguldak

Aksaray

Bayburt

Antalya Karaman

Kırıkkale

BatmanŞırnak

Bartın

Ardahan

Iğdır

Yalova

Karabük

Kilis

Artvin

Aydın

Osmaniye

Düzce

Financial Figures

Financial Summary-1

11

Balance Sheet (BRSA-TL mln) Dec 10 Dec 11 Dec 12 Dec 13 YTD (%)

Cash&banks 129 262 485 1.065 120%

Securities 95 52 132 283 113%

Loans to customers, net 640 2.107 3.221 5.180 61%

Other assets 38 66 62 136 119%

Total Assets 902 2.487 3.900 6.664 71%

Customer deposits 636 2.012 2.637 4.328 64%

Bank borrowings 141 75 458 1.005 119%

Securities issued 0 0 223 297 33%

Subordinated loan 0 0 90 275 207%

Other liabilities 19 166 110 261 138%

Paid in capital 203 325 427 550 29%

Shareholders’ equity 106 233 383 497 30%

Total Liabilities 902 2.487 3.900 6.664 71%

Composition of Assets (ths TL)

14% 11% 12% 16%

10%2% 3%

4%

71%85% 83% 78%

4% 3% 2% 2%

Dec 10 Dec 11 Dec 12 Dec 13

Other assets

Loans to customers, net

Securities

Cash&banks

Composition of Liabilities (ths TL)

70%81%

68% 65%

16%3%

12% 15%

6% 4%2% 4%2% 7% 2% 4%

12% 9% 10% 7%

Dec 10 Dec 11 Dec 12 Dec 13

Shareholders’ equity

Other liabilities

Subordinated loan

Securities issued

Bank borrowings

Customer deposits

Loans to Customers

12

Loans to Customers (Performing) (mln TL)* Breakdown of Total Loans by Segment Breakdown of Total Loans by Currency

*NPLs and provisions are not included.

609

2.0833.197

5.149

Dec 10 Dec 11 Dec 12 Dec 13

61% Retail; 400; 8%

SME; 1.229; 24%

Commercial; 3.520; 68%

TL 2.783 54%

FC 2.366 46%

425%

Commercial Loans (mln TL) SME Loans (mln TL) Retail Loans (mln TL)

195

1.529

2.452

3.520

Dec 10 Dec 11 Dec 12 Dec 13

298260 225

400

Dec 10 Dec 11 Dec 12 Dec 13

44%

116294

520

1.229

Dec 10 Dec 11 Dec 12 Dec 13

136%

1157% 348%

Customer Deposits and Funding

13

Customer Deposits (mln TL) Deposits Currency Composition (mln TL) Deposits Segment Composition (mln TL)

636

2.0122.637

4.328

Dec 10 Dec 11 Dec 12 Dec 13

64%

TL 2.748 63%

FC 1.580 37%

Retail 2.606 60%

Commercial 1.722 40%

315%

Paid-in-Capital (mln TL)

203

325427

550

Dec 10 Dec 11 Dec 12 Dec 13

Other Funding Sources

Syndication loan for EUR 69.5 mln and USD 30.5 mln with maturity Dec 2014.

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 TL 297 mln.

Syndication loan for EUR 69.5 mln and USD 30.5 mln with maturity Dec 2014.

Income Statement & Key Ratios

14

115,8%

71,9%54,0% 59,7%

2010 2011 2012 2013

Cost/Income

-12,8%

9,4%16,3% 13,7%

2010 2011 2012 2013

ROE

Ratios Dec 10 Dec 11 Dec 12 Dec 13

NIM 2,8% 4,0% 5,1% 4,3%

Cost/ Income 115,8% 71,9% 54,0% 59,7%

ROA -1,5% 1,2% 1,8% 1,1%

ROE -12,8% 9,4% 16,3% 13,7%

NPL ratio 3,3% 0,8% 0,9% 1,2%

CAR 15,0% 17,2% 14,3% 13,3%

2,8%4,0%

5,1%4,3%

2010 2011 2012 2013

NIMIncome Statement (BRSA-TL mln) Dec 10 Dec 11 Dec 12 Dec 13 YoY (%)

NII 27,4 64,3 139,2 194,1 39%

Net Fee & Com. Income 10,2 22,7 28,1 44,3 58%

Trading Income -9,0 3,0 11,4 12,0 5%

Total Income 28,6 90,1 178,7 250,4 40%

Personnel Expenses -22,4 -35,8 -53,8 -83,7 55%

Operating Expenses -21,2 -26,8 -36,6 -58,6 60%

Total Expenses -43,6 -62,6 -90,4 -142,3 57%

Operating Income -15,0 27,5 88,3 108,1 22%

Provisions -2,1 -16,8 -25,3 -45,2 79%

Other Income/ Expense 1,6 -2,7 -2,7 -3,9 48%

Income Before Tax -15,5 7,9 60,3 58,9 -2%

Tax 0,9 -2,7 -14,6 -15,1 4%

Net Income (BRSA) -14,6 5,2 45,7 43,8 -4%

Net Income (IFRS) -17,8 25,3 57,7 56,2 -3%

Key Budget Figures

15

Dec'13 Dec'14 (B)

%Dec13-

Dec14 (B)

Number of branches 62 65 5%

Number of personnel 1.152 1.261 9%

(Mln TL) Dec'13 Dec'14 (B)

%Dec13-

Dec14 (B)

Loans to customers 5.149 6.666 29%

Retail 400 466 17%

SME 1.229 1.950 59%

Corporate&Commercial 3.520 4.200 19%

Agriculture 0 50 0%

Total Assets 6.664 8.694 30%

Funding: (Mln TL) Dec'13 Dec'14 (B)

%Dec13-

Dec14 (B)

Customer Deposits 4.328 5.801 34%

Other Borrowings 1.350 978 -28%

Group Banks 1 0 -100%

Repo 226 340 50%

Total 5.904 7.119 21%