Odeabank Overview

YE 2016 BRSA FinancialsCorporate Presentation

• As of December 2016, 52 banks operate in Turkey; 47 conventional and 5 participation banks.

• A brief outlook of the Turkish banking sector as of YE 2016;

• Total Assets : TRY 2,73 trillion• Total Loans : TRY 1,73 trillion• Total Deposits : TRY 1,45 trillion• Shareholders Equity : TRY 300 billion• Securities Portfolio : TRY 352 billion

• Loans/Deposits : 119%• NPL : 3,24%• CAR : 15,57%• ROA : 1,89%• ROE : 14,28%

2

Turkish Banking Sector

8%

7%

63%

13%

9%

Breakdown of Total Assets (YE 2016)

Cash & Equivalents

Reserve Requirements

Loans

Securities

Others

53%

5%

16%

4%

11%

11%

Breakdown of Total Liabilities (YE 2016)

Deposits

REPOs

Borrowed Funds

Securities Issued

Others

SHE

Asset size is USD 44,4 billion as of YE 2016

Deposits reached USD 35,9 billion, Loans reached USD 17,3 billion

Shareholders Equity is USD 3,78 billion

186 years of banking tradition and experience

Rated by Moody’s, S&P and Fitch

First GDR issue in the broad MENA region in 1995

Accessed 17 times international markets through debt and equity issues

Abiding by the Beirut and London Stock exchanges’ regulations

Applying high corporate governance, compliance and AML standards

Implementing since 2013 a formalized ESMS management system

Bank Audi in a nutshell…

Operating Environment

GDP Growth* Asset Growth** Loan Growth** Deposit Growth**

Lebanon 2,0% 8,0% 5,1% 5,0%

Turkey 2,9% 14,6% 14,8% 14,9%

Egypt 3,8% 23,4% 22,6% 15,0%

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

*2016 estimates** YTD growth domestic currency for Turkey and Egypt and in USD terms for MENA

Bank Audi

4

Turkey ranks 1st in loans as of YE 2016

Turkey is the 2nd largest hub after Lebanon

Bank Audi in a nutshell…

Bank Audi

26,05

10,80

2,944,60

0,00

5,00

10,00

15,00

20,00

25,00

30,00

Lebanon Turkey Europe MENA

Geographic Breakdown of Assets (in USD bn)

YE 2010

YE 2014

YE 2015

YE 2016

6,20

7,40

1,49

2,22

-

1,00

2,00

3,00

4,00

5,00

6,00

7,00

8,00

Lebanon Turkey Europe MENA

Geographic Breakdown of Loans (in USD bn)

YE 2010

YE 2014

YE 2015

YE 2016

104,0

69,0

116,0

181,0

-

50,0

100,0

150,0

200,0

250,0

300,0

Lebanon Turkey Europe MENA

Net Profits (in USD mn)

YE 2010

YE 2014

YE 2015

YE 2016

2016

Total Assets 44,396

Customer Deposits 35,955

Loan to Customers 17,344

Shareholders’ Equity 3,789

Net Profits 470

Branches* 201

Staff* 7.017

*Figures are in USD mn except

Group Overview - Financial Highlights

TRY mn YE 2016 YE 2015

Assets 38,278 32,082

Loans 26,447 21,806

Deposits 29,254 25,333

Sub Loans 528 1,310

Equity 3,443 1,347

# of branches 50 55

Headcount 1,681 1,538

Story of Odeabank

Odeabank is currently the 9th largest privately ownedbank in Turkey by total assets.

Incorporation • March 2012

BRSA License

Application •June 2012

License •October 2012

New Shareholders: IFC and EBRD

•August 2016

74%

8%

6%

3%4%

3%

2% 0% 0% 0%

Shareholder Structure

Bank Audi sal - Audi Group

European Bank for Reconstruction and Development (EBRD)

International Finance Corporatation (IFC)

IFC Financial Institutions Growth Fund L.P

H.H Sheikh Dheyab Binzayed Binsultan Al-Nahyan

Audi Private Bank sal

Mohammad Hassan Zeidan

Raymond Audi

Samir Hanna

Freddie Baz

• IFC and EBRD become shareholders at Odeabank

6

Current network;• 50 branches in 16 cities

• 1681 staff

Direct Banking Channels

There are 5 types of branches under branchnetwork model;

• Corporate and Commercial Centers; 7• Commercial Centers; 1• SME/Retail; 25 • Retail only;17

Internet Banking

MobileBanking

SMS Banking

ATM

SelfService

ContactCenter

SocialMedia

Applications

Our Presence in Turkey

7

48

1113

1619 20 22

26 2629

33 3229 31

33

38

0

5

10

15

20

25

30

35

40

45

Dec 2012 March2013

June2013

Sept2013

Dec 2013 March2014

June2014

Sept2014

Dec 2014 March2015

June2015

Sept2015

Dec 2015 March2016

June2016

Sept2016

Dec 2016

Evolution of Total Assets (in TRY bn)

Total Assets TRY Denominated FX Denominated

13% 0%

12%

4%

70%

0% 1%

Composition of Assets (YE 2016)

Cash and Balances with Central Bank

Banks

Reverse REPOs

Securities

Loans

Tangible Assets

Other

9%

79%

1%

1%

9%

1%

Composition of Liabilities (YE 2016)

Funds Borrowed

Customer Deposits

Money Market Balances

Subordinated Loans

Shareholders Equity

Other

8

Loan/staff: TRY 8,22 mn

Loan/branch: TRY 147 mnNPL: 3,24%

Loan/staff: TRY 15,7 mn

Loan/branch: TRY 528 mnNPL: 2,60%

Sector

Odeabank

Healthy and diversified loan growth

24

69

1113

1415

18 1920

22 22 21 2224

26

0

5

10

15

20

25

30

4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16

Evolution of Loan Portfolio (in TRY bn)

43%

25%

20%

12%

Loan Breakdown by Segment (YE 2016)

Corporate

Commercial

SME

Retail

50%

50%

Loan Portfolio by Currency (YE 2016)

TRY FX

9

Loans/Deposits is 90%Sector

119%

Deposit/staff: TRY 6,8 mn

Deposit/branch: TRY 123 mn

Deposit/staff: TRY 17,4mn

Deposit/branch: TRY 585 mn

Sector

Odeabank

Prudent asset-liability management…

2,5

6,6 8,3

10,1 12,4

15,0 16,8 17,8

21,0 21,1 23,4

26,1 25,0 22,5

24,2 25,5

29,2

-

5,0

10,0

15,0

20,0

25,0

30,0

35,0

4Q12 1Q13 2Q13 3Q13 4Q13 1Q14 2Q14 3Q14 4Q14 1Q15 2Q15 3Q15 4Q15 1Q16 2Q16 3Q16 4Q16

Evolution of Customer Deposits (in TRY bn)

24%

4%

11%61%

Customer Deposits by Segment (YE 2016)

Corporate

Commercial

SME

Retail

37%

63%

Customer Deposits by Currency (YE 2016)

TRY

FX

10

Market Share

0,20%

0,50%

0,70%

0,90%

1,10%1,20%

1,30% 1,30%

1,50%1,40% 1,40%

1,48% 1,46% 1,42% 1,38%1,45%

1,53%

0,00%

0,20%

0,40%

0,60%

0,80%

1,00%

1,20%

1,40%

1,60%

1,80%

Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16

Market Share in Total Loans

Market Share in Total Loans

0,30%

0,80%1,00%

1,10%1,30%

1,60%1,70% 1,70%

2,00%1,90%

2,00% 2,06% 2,01%1,81% 1,81%

1,90%2,01%

0,00%

0,50%

1,00%

1,50%

2,00%

2,50%

Q4 12 Q1 13 Q2 13 Q3 13 Q4 13 Q1 14 Q2 14 Q3 14 Q4 14 Q1 15 Q2 15 Q3 15 Q4 15 Q1 16 Q2 16 Q3 16 Q4 16

Market Share in Total Deposits

Market Share in Total Deposits

11

- In August 2016, pursuant to regulatory and corporate approvals Odeabank successfully completed a TRY 1 billion capital increase. While Bank Audi Group remains a majority shareholder with a stake of more than 75%, IFC and EBRD acquired 9,788% and 8,009% of the Bank.

Strong capitalization

• Tier I Capital : TRY 3.29bn• Tier II Capital: TRY 781mn• Total Capital : TRY 4.07bn

• Core Capital Adequacy Ratio : 12,22%• Tier I Ratio : 12,09%• CAR : 14,96%

12,22% 12,09%

14,96%

0,00%

2,00%

4,00%

6,00%

8,00%

10,00%

12,00%

14,00%

16,00%

Core Capital AdequacyRatio

Tier I Ratio CAR

Strong Capitalization

3.291

782

0

500

1.000

1.500

2.000

2.500

3.000

3.500

4.000

4.500

Capitalization (in TRY mn)

Tier I Capital Tier II Capital

12

Profitability

• Healthy interest income generation;

• Increasing interest income from loan book

• 84.2% of interest income is generated from lending activities

• Fees & commissions income generation is improving

BRSA Income Statement (in TRY mn) YE 2016 YE 2015 ∆%

I. Net Interest Income 1.151 976 18%

II. Net Fees & Commissions Income 105 99 7%

III. Net Trading Income 182 -216 NA

VI. Other Operating Income 14 6 120%

V. Total Income (I+II+III+IV) 1.452 865 68%

VI. Other Operating Expenses -657 -533 23%

VII. Provisions for Loan Losses ad Other Receivables -530 -259 105%

VIII. Net Operating Profit (V-VI-VII) 265 74 258%

IX. Tax Provision -64 -24 172%

X. NET PROFIT / LOSS (VIII-IX) 200 50 298%

2015 2016

Spread 2,34% 2,84%

Non Interest Income / Average Assets 0,66% 1,61%

Asset Utilization 2,99% 4,45%

Net Operating Margin 7,26% 14,32%

o.w. cost to income 61,39% 45,13%

o.w. credit cost 29,53% 36,97%

o.w. tax cost 1,82% 3,58%

ROAA 0,22% 0,64%

Leverage 12,60 11,35

ROACE 2,74% 7,23%

Key Ratios*

*IFRS figures

13

Funds Borrowed

• IFI Loans

• USD 50mn ‘’SME Loan’’ from IFC in 2013• EUR 20mn ‘’Renewable Energy and Energy Efficiency Loan’’ from Proparco in 2014• USD 81mn ‘’Green Mortgages Loan’’ from IFC in 2015• EUR 30mn ‘’MSME Loan’’ from EBRD in 2015• EUR 20mn ‘’Micro Loan‘’ from EFSE in 2015• USD 11mn ‘’Renewable Energy and Energy Efficiency Loan‘’ from GGF in 2015• USD 25mn ‘’Trade Finance Loan‘’ from OFID in 2016• EUR 20mn ‘’Renewable Energy and Energy Efficiency Loan‘’ from Proparco in 2016• EUR 100mn ‘’Loan for SMEs and MidCaps’’ from EIB in 2016• USD 35mn ‘’Renewable Energy and Energy Efficiency Loan’’ from FMO in 2016

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