BRSA Bank-only Earnings Presentation, March 31, 2012

March 31, 2012
BRSA Bank-only Earnings Presentation

Investor Relations / BRSA Bank-only Earnings Presentation 3M12

1Q 2012 Macro Highlights

Improving liquidity • Mixed messages from the US and the Eurozone economic indicators
and risk appetite
• Weak import demand from all three major regions in the global economy
followed by doubts
about the strength • Uncertainty around further easing by FED and ECB gained ground
and sustainability of • Commodity prices are on the rise -- Gold was up by 7% & oil by ~20%.
growth

• Y-o-Y GDP growth rate in 4Q11 fell to 5.2% from 8.4% in 3Q11 -- An encouraging rebalancing is occurring within GDP
o In 4Q11, highest positive contribution from foreign demand since 2Q09
Economy heading for a o Private consumption & investments decelerated significantly in 4Q11
soft landing • Current account deficit ended the year at a decelerated level at US$ 77.2bn & improved financing quality
• Annual CPI at the end of 1Q12 was 10.43% -- Even though core inflation started to come down, energy prices keep
the headline CPI high
• The policy interest rate was unchanged at 5.75% and the upper band of interest rate corridor was lowered from
12.5% to 11.5%
o Interest rate corridor has been actively used since the end of 2011
o Average CBT funding rate surged in CBT’s effort to fight the inflationary pressures due to currency pass through
o Taking the liquidity projections into account, the ranges for weekly and monthly Turkish lira funding were
revised. Additionally, fraction of TL required reserves that can be held in gold were increased from 10% to 20%.
This action alone released TL 6.1bn of reserves and increased banks’ liquidity
• During 1Q12, TL appreciated by 1.6% and 1.5% against USD and Euro, respectively while benchmark bond yield was
at 9.4% on a monthly average at the end of 1Q12
• Liquidity conversion ratio of issued bonds was reduced from 100% to 50% upon BRSA’s amendment in February
• Effective as of January 1st, 2012, liquid fund management fee cap was decreased to 1.10% from 2.73%

2


1Q 2012 Highlights

Customer-oriented, liquid, low-risk and well-capitalized balance sheet
Balance sheet Maintained focus on profitable growth – selective lending continues on high margin products
strength: TL lending growth 1.7% q-o-q, at a slower pace vs. sector
• Healthy market share gains in high margin retail products with no pricing competition
distinguishing
(Mortgage: 1.7% q-o-q vs. sector’s 0.8%; GPL: 4.6% q-o-q vs. sector’s 3.6%)
feature of Garanti... • Intentional market share loss in TL commercial lending to maintain rational pricing and defend margins
FX lending growth 1.8% q-o-q, driven by commercial lending
FRN heavy securities book remain as a hedge -- FRN in total slightly down to 56% in 1Q 12 vs. 58% at YE 11, due to
redemptions replaced with favorable fixed rate TL securities
Asset quality remained intact
• Slight pick-up in NPL ratio (1Q 12: 1.9%) -- as expected, across the board, at a lower pace vs. sector
• Collections -- still strong, however at a normalizing pace
• Comfortable provisioning level -- Gross CoR <100 bps, in line with budget guidance
Solid funding mix -- Actively managed and diversified
• Deposit heavy funding remains with emphasis on sustainable and lower cost mass deposits
• Opportunistic utilization of repos & money market funding to support margins
• Sustained high demand deposit levels -- demand deposits / total deposits: 19%
• Loans to Deposits @ 100%, LTD:77% when mortgages, project finance & invesment loans (mat.>4 years) are excluded
Strong capitalization bolstered by high internal capital generation capacity: CAR: 17%, Leverage:7x

...leads to consistent Strong profitability backed by well-defended margins, sustainable income sources & efficiently managed costs
delivery of strong ROAE: 19%; ROAA: 2.3%
results Margins holding-up well -- almost flattish when quarterly fluctuating CPI book is excluded
• Ongoing positive effect of timely and proactive loan re-pricing on loan yields
• Managed lending growth with higher weight in lucrative products and rational pricing
Net fees and commissions -- Sustained double digit growth momentum on a comparable basis via highly diversified fee sources
Commitment to strict cost discipline - single digit growth in real terms
• Opex/ Avg assets: 2.2% in 3M12 vs. 2.3% in 3M11
• Fees/OPEX: 71% on adjusted basis1 vs. 61% on reported basis
• Investment in distribution network continued (avg branch additions: ~50 y-o-y)
3

1 Adjusted with the effect of decreased cap on fund management fees and accounting methodology change for cash loan origination fees


Strategically and actively managed balance sheet leading to strong levels of
core banking revenues & ROAE of 19%
+3% q-o-q
Quarterly net income (TL million) Improving Core Banking
Other
Revenues Inc. on
income
CPI-linkers Coll’n
50 25
1% 33
1,297 Regulatory

(TL million)
488 effects on
9% 862 Net prov.
825
855 ROAE: 21%
19% Fees&Comm.
65
Trading
89
791
ROAA: 2.3% Prov.adj.*

1Q12 Net income
507
NII-exc. inc.
Sustained high on CPI-linkers OPEX 228 Net Income
profitability Other
Provisions
& Tax
1Q11 4Q11 1Q12 854 862

• Ongoing positive effect of timely loan-repricing Inc. on
Other
income
limited the pressure of increasing funding costs CPI-linkers Coll’n
26
108 123

• Robust & growing fee base
(TL million)
1,255 Regulatory&
666 One-off effects
despite negative effects of decreased cap on fund Net
on prov.
1,027
management fees & accounting methodology Fees&Comm. Trading
117 74
change on cash loan origination fees
4Q11 Net income

Prov.adj.*
NII-exc. inc.
480
• Although lower, still strong contribution from on CPI-linkers OPEX 218
CPI-linkers Net Income
Other
• Normalizing collections, as expected Provisions
& Tax
891 791

* 1Q 12 and 4Q 11 provisions are adjusted for the effects of BRSA’s recent regulations on general reserves -- TL 33mn in 1Q 12, TL 17 mn in 4Q11 4
4Q 11 provisions are adjusted for the one-off effect on specific provisions resulting from NPL inflows of TL 91mn , which are related to a few commercial files with strong collateralization


Customer-oriented asset mix -- Loans/Assets back to pre-crisis levels

Total Assets (TL/USD billion) Composition of Assets1
1Q12 Other
IEAs
Growth-1Q12
Reserve req.
7.3% Non-IEAs
20% 1% 6.1%
13.5%
Others
146.6 148.6 7.3%
In line with economic
Loans slowdown, moderating lending
55.1% growth
124.3
Securities Loans3 -1%
24.2%
Securities 12%
93.9
87.2 IEA / Assets: 87%
80.3
Loans/Assets
2011
Other
IEAs
9.8% Non-IEAs
Reserve req.
4.9%
55%
12.3% Others vs. 56% at YE 11
7.4%

Loans
28.7 31.9 31.1 56.1%
Securities
Liquidity Ratio2
21.8%
1Q 11
1Q 11
TL FC (USD)
2011
2011 2012
1Q12
Total Assets (TL)
32%
IEA / Assets: 88%

1 Accrued interest on B/S items are shown in non-IEAs
5
2 (Cash and banks + Trading securities + AFS)/Total Assets
3 Performing cash loans


FRN heavy securities book continues to serve as a hedge -- redemptions
replaced with favourable fixed rate TL securities
Total Securities (TL billion) TL Securities (TL billion)
Securities2/Assets
15% 13%

33.7
9%
34.7
11%
37.2
13% 34.6
11%
38.8
10%
30.7 30.9 32.5 30.7
34.7
24%
12%
3%
7% (7%)
1% 5% (6%) 13% up from 22% at YE 11
89% 90% CPI: CPI: CPI: CPI:
89% 87% CPI:
91% 30% 32% 30% 32% 29%
FRNs: FRNs: FRNs: FRNs: FRNs:
36% 36% 30% 29% 30%

1Q 11 2Q 11 3Q 11 2011 1Q12
FRN mix in total
1Q 11 2Q 11 3Q 11 2011 1Q12
TL FC

Total Securities Composition FC Securities (USD billion)

17%
56%
2.6 from 58% at YE 11
AFS 88.1%
2.3 2.3
Trading 4.0% 2.0 2.1

10% (18%) 9%
HTM 7.9% 19%

FRNs:
42% FRNs: FRNs:
FRNs: FRNs:
Unrealized gain 29%
32%
31% 30%
as of Mar 30,2012 ~TL 420 mn1
1Q 11 2Q 11 3Q 11 2011 1Q12

1 Based on bank-only MIS data
2 Excluding accruals 6
Note: Fixed / Floating breakdown of securities portfolio is based on bank-only MIS data


Moderating loan growth in line with economic slow down -- Retail lending
remains as the growth driver
Total Loan1 Growth & Loans by LOB2 (TL million)
TL Loan Growth3:
Q-o-Q
(1%)

18% 80.9
3%
83.5 83.0 1.7% vs. Sector’s 4.1%
74.6  Mainly driven by lucrative
18.2% 16.3%
Total 70.1 retail loans
18.5%
18.4%  Refraining from pricing
Corporate 20.1% competition in commercial
lending to defend margins
39.5% 39.4%
39.0%
38.0%
37.7%
market share: 11.0% in 1Q12
vs. 11.3% at YE 11
Commercial

11.8% 12.8%
12.8%
SME 12.6%
13.1%
FC Loan Growth3:
Q-o-Q and US$ based
11.9% 12.2%
11.9%

1.8%
11.6%
Credit Cards 11.5%
vs. Sector’s 2.2%
18.5% 19.3%
Consumer 18.0% 18.4% 18.1%
 Healthy growth without
sacrifying loan yields
1Q 11 1H 11 9M 11 2011 1Q12
TL (% in total) 58% 58% 59% 59% 60%
market share: 18.4% in 1Q12
FC (% in total) 42% 42% 41% 41% 40%
vs. 18.5% at YE 11
US$/TL 1.530 1.600 1.820 1.865 1.760

1 Performing cash loans 7
3 Sector data is based on BRSA weekly data for commercial banks only


Sustained upward trend in loan yields -- positive result of selective growth
strategy and timely re-pricing
TL Loans1 (TL billion) Interest Income on loans (quarterly – TL billion)

24% 49.3 50.2 1,998
47.4
40.6 43.6 1,885
1,752
2%
4% 1,443 1,514
9%
7% 11.63% Total Yield2
16.05% TL Yield2
15.17% 10.72%
14.47% 14.33% 14.75% 9.93% 9.92% 10.26%

1Q 11 2Q 11 3Q 11 2011 1Q12 1Q 11 2Q 11 3Q 11 2011 1Q12

FC Loans1 (US$ billion)

(3%)
Ongoing positive effect of
19.3 19.4 18.7
18.4 18.3 timely loan re-pricing & selective
0% (5%) (0%) 2% growth in high-yielding loans
bolstered the yields
5.55% FC Yield2
4.75% 5.12%
4.50% 4.51%

1Q 11 2Q 11 3Q 11 2011 1Q12

1 Performing cash loans 8
2 Based on MIS data and calculated using daily averages


Selective growth focus -- Healthy market share gains in high-margin retail loans

Retail Loans1 (TL billion) Mortgage Loan (TL billion)

GPL & Mortgage
23% 37.5 38.6 10% Market Share
36.0
34.2 9.9 (qoq)
31.4 10.2 8.9 9.2 9.5 9.7 ,
9.8 0.6 0.6 0.6
9.7 0.6
8.5
9.4
4% 3%
0.6

2% 2% 2% +10 bps in GPL
9% 5% 3%

22.9 24.8 26.3 27.7 28.4 8.4 8.7 8.9 9.1 9.3 +12 bps in Mortgage

1Q 11 2Q 11 3Q 11 2011 1Q 12 1Q 11 2Q 11 3Q 11 2011 1Q 12
Consumer Loans Commercial Installment Loans

Auto Loan (TL billion) General Purpose Loan5 (TL billion) Market Shares2,3

QtD Mar 12 Rank4
23% 2.8
31%
15.2 15.9 Mortgage 13.4% #1
14.6
13.5
12.1
7.4 Auto 15.0% #3
2.6 2.8 2.8 7.1 7.1
2.5 6.8
2.3 6.1 General
1.7 1.7 4% 5% 10.8% #2
1.6 1.6 12% 8% Purpose5
1.5
7% 1% 7.5 8.0 8.4
3% 6.0 6.8
10% 1.1 1.1 Retail1 12.9% #2
0.8 0.9 1.0

1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 11 2Q 11 3Q 11 2011 1Q 12

1 Including consumer, commercial installment, overdraft accounts, credit cards and other 4 As of 2011 among private banks 9
2 Including consumer and commercial installment loans 5 Including other loans and verdrafts
3 Sector figures are based on bank-only BRSA weekly data, commercial banks only


Strength in card business – a good contributor to sustainable revenues

Issuing Volume (TL billion) Acquiring Volume (TL billion)
#1 in card business
20% 14.7 17%
15.1
Per Debit Card Spending
12.3 13.0 ~2.5x the sector
... with the ultimate aim of creating
cashless society
Per Card Spending
(TL, Mar 122)
6,750

6,183
1Q11 1Q12 1Q11 1Q12
Garanti Sector

No. of Credit Cards (thousand) Credit Card Balances (TL billion)
Market Shares

717 24% YTD ∆ Mar 12 Rank
262 9.9 10.0
8,806 9.3 Acquiring -115 bps 18.8% #2
8,544 8.1 8.9

8,089 Issuing -56 bps 18.4% #1
6% 2%
5% # of
10% +24bps 16.9% #1
Credit Cards

POS1 +75 bps 18.3% #1

1Q11 2011 1Q12 1Q 11 2Q 11 3Q 11 2011 1Q 12 ATM -4 bps 10.0% #3

10
1 Including shared POS
2 Annualized


Asset quality remained intact…

NPL Ratio1 Net Quarterly NPLs (TL billion)

352
2
67
4.4% 22 100
3.9% 3.7% 3.7% -408 -56
3.3% 3.8% 172 New NPL
81 83 112 101
2.9% 2.7% 2.6% 2.7%
2.9%
2.6% 2.4% 2.4% 2.5% -90 -105 Collections
-139 -166
2.1% 1.9% 1.8% 1.8% 1.9%
-289

Write-offs
1Q 11 2Q 11 3Q 11 2011 1Q12
3
Garanti Sector Garanti excld.NPL sales & write-offs* Sector w/ no NPL sales & write-offs* -200 NPL sale

* Adjusted with write-offs in 2008,2009,2010 and 2011. 2010 and 2011 sector NPL sales & write-offs total: TL ~2.7 bn and ~TL 1.9 bn,
respectively. Garanti sold NPLs in 1Q 11 amounting to TL 484mn, of which TL 200mn relates to the NPL portfolio with 100% coverage 1Q11 2Q11 3Q11 4Q11 1Q12
and the rest being from previously written-off NPLs. Gross income booked amounts TL 54mn.

NPL Categorisation1
Retail Banking Credit Cards Business Banking Normalizing but still
(Consumer & SME Personal) (Including SME Business)
22% of total loans 12% of total loans 66% of total loans
strong collections

7.7%
Nominal NPLs
2.4% 2.0% 7.0% 6.3% 3.0% 2.7% 2.4%
2.1% 1.9%
2.1% 1.8%
1.9%
6.9% 6.3% 5.8%
5.7% 5.8%
2.5% 2.5%
Slight deteoriation -- 4%
1.6% 1.6% 1.6% 5.7% 5.8%
1.4% 1.2% 1.2% 1.2% 1.3%  as expected
1Q11 2Q11 3Q11 2011 1Q12 1Q11 2Q11 3Q11 2011 1Q12 1Q11 2Q11 3Q11 2011 1Q12  accross the board
 at a lower pace than sector
Garanti Sector

1 NPL categorisation for Garanti and sector figures are per BRSA bank-only data for fair comparison.
2 Including NPL inflows in 4Q 2011, amounting to ~TL100 mn, which are related to a few commercial files with strong collateralization 11
3 Garanti NPL sale amounts TL484 mn, of which TL200 mn relates to NPL portfolio with 100% coverage and the remaining TL284 mn being from the previously written-off NPLs.
Source: BRSA, TBA & CBT


…with comfortable levels of coverage and provisioning

Quarterly Loan-Loss Provisions (TL million)
Coverage Ratio
Mar 11 Jun 11 Sept 11 Dec 11 Mar 12
Sector1 86% 87% 83% 82% 82%

Garanti 82% 82% 82% 82% 81% Coverage Ratio

81%
remained strong
225
194
168
913
45
109
64 98 Specific Gross CoR
2
56
52
90
22
2

17 2
98 47bps
82 Slightly up from 42bps in 2011
57 58 60 2 Regulatory effect on
33 General Provisioning
Lower Gen. Prov. due to
-33 change in B/S mix

1Q11 2Q11 3Q11 4Q11 1Q12
General Specific

1 Sector figures are per BRSA weekly data, commercial banks only
2 The effect of BRSA’s recent regulations on general reserve rates for extended loans and GPLs. Regulatory effect on General Provisions in Cost of Risk was 26bps in 1H11, 21bps in 9M11, 18bps in 2011 and 16bps in 3M12.
12
3 TL91mn of provisions resulting from NPL inflows in 4Q 11, which are related to a few commercial files with strong collateralization


Solid funding mix – well diversified and actively managed

Composition of Liabilities Total Deposits (TL billion)

Bonds Issued 0.7% 2.5% 2.6%
Funds Borrowed 15.2% 14.5% 14.2% 12%
(1.5%)
Repos 5.4% 7.5% 8.7% 84.5
80.5 83.3
74.5 76.9
IBL: 43% 44% 43% 43%
Time Deposits IBL: IBL: 44% FC
49.2% 45.5%
71% 2.5%2
71% 70% 45.3% (5.0%)2 1.0%2
(3.6%)2

(0.2)%
5.1% 2.0% 6.3% TL
Demand Deposits 10.6% 11.9% 10.4% 56% 57% 56% 57% 57%
SHE 13.0% 12.0% 12.6%
Other 5.9% 6.1% 6.3% 1Q 11 2Q 11 3Q 11 2011 1Q 12
Loans / 94% 97% 100% 99% 100%
1Q 11 2011 1Q12 Deposits

Cost of Deposits1 (Quarterly Averages)

8.8% 8.8% 9.1%
10.5%
Loans/Deposits
8.7% 8.4% 8.2%
8.8% • Opportunistic and timely
7.7% utilization of alternative

99.7%
9.0%
7.8% 7.8% 7.8% 7.7% funding sources to support
7.4% 7.4%
6.6% 7.0% margins
2.9% 3.1% 3.1% 3.5%
2.6%
2.1%
2.6%
2.1%
2.6%

2.3% 2.4% 2.6%
or 77% when • Deposit costs rising as
expected, however at a
2.1% 2.1% 2.4%
1.8% 2.1% 1.8% mortgages, project finance contained manner due to
1Q 10 2Q 10 3Q 10 2010 1Q 11 2Q 11 3Q 11 2011 1Q 12 & investment loans focus on lower cost mass
TL Time TL Blended
(mat.>4yrs) are excluded deposits
FC Time FC Blended 13

2 Growth in USD terms


Robust deposit base with further emphasis placed on mass deposits and
sustained high weight of demand deposits
Deposits by LOB1 (Excluding bank deposits) Demand Deposits (TL billion)

17%
17.5
Corporate 13.7% 15.7 0.7 15.5
16.4% 16.3% 14.6
13.2 0.4 0.4
0.4
0.3 16.7 15.1
15.4
14.2
21.4% 12.9
Commercial 20.9%
23.6%

16.4%
SME 16.0% 1Q 11 2Q 11 3Q 11 2011 1Q 12
15.4%
Bank Deposits Customer Deposits

Demand Deposits / Customer Demand
Consumer 44.6% 46.8%
48.5% Total Deposits Deposits2
Solid presence in demand

19% vs. sector’s 16%
deposits maintained

1Q11 2011 1Q12
Sizeable demand deposit Market share: 14.5%
level maintained
14

2 Sector data is based on BRSA weekly data for commercial banks only


High internal capital generation capability bolsters strong capitalization ratios

CAR Free Funds TL Billion Free Funds/IEAs
(Free funds=Free Equity + Demand Deposits)

24.0 21.3
17%
Free Equity w/o reserve
17.5 15.5 Demand Deposits growth:
16.9% 16.9%
TIER I
9% q-o-q
TIER I Increasing free equity and
15.7% sizeable demand deposits
15.0%
continued to support free funds

Recommended
12% 14.9
13.7 Free Equity including
Reserve Requirements

Required
Leverage Ratio
8% 2011

-7.2
1Q12

-9.1 Reserve
Requirements
7x
2011 1Q12 2011 1Q12

15
Free Equity = SHE - ( Net NPL+ Investment in Associates and Subsidiaries + Tangible and Intangible Assets+ AHR+ Reserve Requirem ents)


Margins held up well, despite the negative quarterly fluctuation of the CPI book
and the duration mismatch
Quarterly NIM (Net Interest Income / Average IEAs)
NIM Adjusted NIM
4.7%
4.1% 4.2% 4.2% 4.0%
3.6% 3.8%
3.3% 3.3%
Quarterly NIM:
2.6%

(62bps) (19bps) ~Flattish when volatility
from CPI linkers are excluded

 Ongoing positive effect of
1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 1Q 11 2Q 11 3Q 11 4Q 11 1Q 12 timely and proactive loan re-
pricing on loan yields
 Managed lending growth
Q-o-Q Evolution of Margin Components (in bps) with higher weight in
lucrative products and
+39 -55
+21 +2 -59 rational pricing
Loans Other Inc.
Securities Securities Items -10 407
469 -30 +27 404
CPI exc. CPI Deposits Other Exp. Squeeze in Adj. NIM was limited
Items Provisions FX&Trading due to relief in general
provisions

4Q 11 1Q 12 1Q 12
NIM NIM Adj NIM
16

Adjustments to NIM: Net Interest Income/ Average IEA adjusted by FX gain/loss, provision for loans and securities, and net trading income/loss


Healthy Fees & Commissions income supported by strong customer penetration
and cross-sell
Ordinary Banking Income1 Generation
Net fees and comm. Garanti Peers • Leader in interbank money transfer
market share % 18% market share vs. the peer’s average ~10%
25%
• Highest payment systems commissions per volume
20% 1.6% vs the peer’s average 1.3%5
6.3
4.1
15% 4.8 • #1 in bancassurrance
5.1
10%
• Strong presence in brokerage
3.9 ~6% market share
5% 2.7 Ordinary
banking income
(TL Billion)
0%
- 2,000 4,000 6,000 8,000

Net Fees & Commissions Breakdown 3,4 Net Fees & Commissions TL Million

11%
3M11 Cash Loans 3M12 Effect of accounting
18.6% Cash Loans methodology change
21.0% on loan orig. fees &
decreased cap on
Payment
(3%)
2 fund management
Systems Non Cash Payment 525 507
Non Cash
31.4% Loans Systems Net fees & Comm.
Loans
8.8% 39.4%
5.6%
Money
Money 3M11 3M12
Transfer
Transfer
7.7% Money transfer4 14%
Other 8.3%
Insurance
Insurance
14.9% 6.8%
Brokerage 5.0% Cash Loans4 19%
Asset Mgt Other
4.6% Asset Mgt Brokerage
7.4% 15.2% Payment Systems4 32%
1.7% 3.9%

1 Defined as; net interest income adjusted with provisions for loans and securities, net FX and trading gains + net fees and commissions. Based on bank-only financials for fair comparison as of 2011
17
2 3M12 cash loan origination fees are accounted for on an accrual basis per methodolgy change
3 Breakdown is on a comparable basis to same period last year
4 Bank-only MIS data 5 Peer average as of 2011


Differentiated business model leading to consistent delivery of outstanding
results

(TL Million) 1Q 11 1Q 12 % Change

(+) NII- excl. inc on CPIs 839 854 2%
(+) Net fees and commissions 525 507 -3% OPEX/Avg. Assets
Specific LLP & General Prov. -- exc. Double-digit growth
(-)
in Net Fees &

=
regulatory effects & one-offs

CORE BANKING REVENUES
-109
1,256 1,297
-65 -40%
3%
Commissions sustained
on a comparable basis*
2.2%
(+) Income on CPI linkers 163 488 200%
Regulatory&One-off effects1 on Increase in OPEX
(-)
provisions 0 -33 n.m. mainly stemming Fees/OPEX
from:
(+)

(+)
Trading & FX gains
Collections
264
205
89
50
-66%
-76%
 ~50 average new
branch openings 71% on adjusted basis*
y-o-y
(+) Other income -before one-offs 18 25 37%  Low OPEX base in vs. 61% on reported basis
1Q11, due to larger
(-) OPEX -715 -825 15% implementation of
(-) Taxation and other provisions -289 -228 -21% the efficiency Cost/Income
improvement
(+) One-offs (post -tax) -47 0 n.m. project hitting the
(+) -NPL sale 43 0 n.m.
period
 Double-digit
41%
(-) -Free provisions -90 0 n.m. inflation readings
y-o-y
= NET INCOME 855 862 1%

18

* Adjusted with the effect of decreased cap on fund management fees and accounting methodology change on cash loan origination fees


Appendix


Balance Sheet - Summary

(TL million) Mar-11 Dec-11 Mar-12 YTD Change
ASSETS
Cash &Banks1 84,543 15,420 11,791 -24%
Reserve Requirements 10,955 7,185 9,101 27%
Securities 3,704 34,592 38,770 12%
Performing Loans 21,605 83,533 83,034 -1%
Fixed Assets & Subsidiaries 8,259 3,488 3,459 -1%
Other 17,577 2,425 2,446 1%
TOTAL ASSETS 146,642 146,642 148,601 1%

LIABILITIES & SHE
Deposits 74,534 84,543 83,253 -2%
Repos & Interbank 6,762 10,955 12,894 18%
Bonds Issued 866 3,704 3,801 3%
Funds Borrowed2 19,084 21,605 21,221 -2%
Other 6,869 8,259 8,729 6%
SHE 16,150 17,577 18,703 6%
TOTAL LIABILITIES & SHE 124,265 146,642 148,601 1%

20
1 Includes banks, interbank, other financial institutions
2 Includes funds borrowed and sub-debt

BRSA Bank-only Earnings Presentation, March 31, 2012

BRSA Bank-only Earnings Presentation, March 31, 2012

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Similaire à BRSA Bank-only Earnings Presentation, March 31, 2012

Similaire à BRSA Bank-only Earnings Presentation, March 31, 2012 (20)

Plus de Garanti Bank

Plus de Garanti Bank (9)

Dernier

Dernier (20)

BRSA Bank-only Earnings Presentation, March 31, 2012