Investor Relations BRSA Bank-only Earnings Presentation 1H17

1H17

Earnings Presentation

BRSA Unconsolidated Financials 30 June 2017

Investor Relations BRSA Bank-only Earnings Presentation 1H17

2,580

3,080

1,526 1,554

1H16 1H17 1Q17 2Q17

Net Income (TL million)

Cumulative Quarterly

19%

2% Impact of 1% higher CPI on net income:

+TL150mn/year

200 220

420

36% Total Free Provisions

reached:

TL 720mn

Inflation expectation

revised to 9% from 7% in May

Free Prov.

Free Prov.

ANOTHER SET OF EXCELLENT RESULTS…

2

Investor Relations BRSA Bank-only Earnings Presentation 1H17

5,728

3,822

1,741 441 3,207

NII including swapcosts

Net F&C Specific+GeneralProv. Net ofCollections

OPEX Core BankingIncome

1H

17

4,602

2,417

1,544 802 2,927

NII including swapcosts

Net F&C Specific+GeneralProv. Net ofCollections

OPEX Core BankingIncome

1H

16

24% 13% 45% 10% 58% YoY

Growth

1

1 Including TL 130mn free provision reversal assigned to shipping files

Contribution to ROAA 3.9% 1.2% -0.3% -2.2% 2.6%

3.6% 1.2% -0.6% -2.3% 1.9% Contribution to ROAA

…WITH INCREASING CONTRIBUTION FROM CORE BANKING INCOME

3

Investor Relations BRSA Bank-only Earnings Presentation 1H17

1 Total coverage ratio defined as (Specific+General+Free prov.)/ NPL *Excludes non-recurring items when annualizing Net Income for the remaining quarters of the year in calculating Return On Average Equity (ROAE) and Return On Average Assets (ROAA) for 1H17.

CET-1

12.1% 15.3%

18.2%

2015 2016 1H17

14.1% 15.2% 16.1%

2015 2016 1H17

ROAE

106 110

46

2015 2016 1H17

Net CoR(bps)

0

1.4% 1.9%

2.2%

2015 2016 1H17

ROAA

Core Banking Income /Avg. Equity

Increased dividend payout 17% 25%

Outstanding profitability ratios*

Strengthened solvency Reinforced high cash coverage

157% Total

Coverage1

Core Banking Income /Avg. Assets

vs. 147% @2016YE

HIGH QUALITY EARNINGS ASSURE SUSTAINABLE PERFORMANCE

4

Investor Relations BRSA Bank-only Earnings Presentation 1H17

FC (US$)

TL

Total

ACTIVELY MANAGED FUNDING MIX, COSTS AND LIQUIDITY

185.0 194.9 200.5

117.7 126.8 134.2

$19.2 $18.7 $18.9

Dec.16 Mar.17 Jun.17

QoQ: 3% YtD : 8%

QoQ: 1% YtD : (2%)

QoQ: 6% YtD : 14%

1 Accrued interest on B/S items are shown in non-IEAs * CBRT started remunerating TL reserves in 1Q15 & FC reserves in 2Q15. However, the rate introduced on FC reserves is quite symbolic, generating non-material income as opposed to its large share in the asset mix. Therefore, FC reserves considered as non-IEAs

64.1% 63.8% 64.0%

14.0% 13.5% 12.8%

4.5% 3.5% 2.7%

1.9% 0.7% 2.0%

5.5% 8.9% 9.0%

10.1% 9.6% 9.6%

Dec.16 Mar.17 Jun.17

Composition of Assets1

Other Non-IEAs

FC Reserves*

TL Reserves

Securities

Loans

Other IEAs

FC (% in total)

TL (% in total)

40%

60%

41%

59%

39%

61%

284.2 300.4 308.7 Performing Cash Loans1 (TL, US$ billion)

CUSTOMER-DRIVEN ASSET MIX

5

USD/TRY 3.513 3.635 3.511

Investor Relations BRSA Bank-only Earnings Presentation 1H17

1 Performing cash loans * Business banking loans represent total loans excluding credit cards and consumer loans Note: Sector figures based on BRSA weekly data for commercial banks only, as of June 30 2017.

2Q Growth YtD Growth

Garanti Sector Garanti Sector

Consumer Loans (excl. CCs) 2.8% 4.4% 5.4% 8.8%

+Consumer Mortgage 1.6% 4.6% 4.4% 10.3%

+Consumer GPL 4.4% 4.4% 7.4% 8.0%

Credit Card Receivables 3.2% 2.1% 4.7% 3.5%

TL Business Banking 8.9% 9.8% 23.7% 21.0%

FC Business Banking 0.7% 2.3% -1.6% 1.5%

9.8% 34.7%

33.0% 22.5%

Credit Cards

Consumer (excluding credit cards)

Business Banking*

Total Loans1 Breakdown

FC:

TL:

vs. 10.2% in 2016YE

vs. 23.1% in 2016YE

vs. 36.3% in 2016YE

vs. 30.4% in 2016YE

Credit Guarantee Fund (CGF) supported TL loan growth in 1H17 The first bank to actively utilize this program with its agile sales team and quick system integration Total loan origination via CGF reached TL 15 billion as of June-end (vs. total limit allocation of TL 16.5 billion)

LENDING GROWTH CONTINUED TO BE TL-DRIVEN WITH PRESERVED RATIONAL PRICING STANCE

6

Investor Relations BRSA Bank-only Earnings Presentation 1H17

Total 175.6 161.2 167.4 QoQ: 5% YtD : 9%

7.5% 7.6% 7.4% 12.5% 12.1% 12.3%

13.7% 14.1% 14.2%

42.9% 41.4% 42.5%

3.4% 4.6% 4.5%

14.2% 13.8% 13.0% 5.8% 6.3% 6.1%

Dec.16 Mar.17 Jun.17

Funds Borrowed

Interbank Money Market

Other SHE

Demand Deposits

Bonds Issued

Time Deposits

1 Based on bank-only MIS data.

Composition of Liabilities

High share of SME & Retail deposits’ in TL Deposits

~80%1 Basel III compliant Tier II

$ 750mn 10 years maturity Record subscription >$4bn 6.125%, lowest ever cost in Turkish market

Covered Bond

Growth in low cost & sticky mass deposits

Demand Deposits’ share in Total Deposits

25%

Opportunistic utilization of alternative funding

$ 150mn equivalent TL 540mn “Green Mortgage”

100% rolled-over syndication

$ 468mn @Libor+1.45% € 805.5mn @ Euribor+1.35%

IBL: 66%

Swap for margin optimization

Net swap funding volume, on average: TL23bn in 2Q17 @10.4% vs. TL13bn in 1Q17 @9.5%

COMFORTABLE LIQUIDITY Well-diversified funding mix

7

IBL: 66%

FC (US$)

TL

Total Deposits (TL, US$ billion)

76.3 75.8 79.6

$24.2 $25.2 $27.3

Dec.16 Mar.17 Jun.17

QoQ: 8% YtD : 13%

QoQ: 5% YtD : 4%

IBL: 66%

Investor Relations BRSA Bank-only Earnings Presentation 1H17

469 446

Loans CPI

Linkers

Deposits

Repos

1Q17

Other Int.

Income Items

+28 +17 +9 -5

-20

Funds Borrowed

& Bond issuance

Other Int.

Expense Items

+2 -49

2Q17

-5

Sec. Non-CPI

Swap Costs

-1

(bps) (bps)

Including Swap Costs

1Q17 2Q17

26bps

1Q17 2Q17

-23bps

Higher swap utilization for margin optimization

Flattish Total LtD spreads:

Quarterly NIM

5.2% 5.4% 4.7% 4.5%

Reported

Strategically shaped deposit mix

Swap loss: TL 629mn in 2Q

TL 304mn in 1Q

CPI assumption in linkers’ evaluation revised from 7% to 9% in May

Gross impact in 20171: TL 375mn

1 Gross impact of TL 375 million is to be reflected in equal instalments for the remaining 8 months of the year starting in May.

Impact on NIM: +14bps

Timely loan repricing

Impact on 2Q NII: TL 95mn

WELL-DEFENDED NIM IN AN INCREASED RATE ENVIRONMENT

8

Investor Relations BRSA Bank-only Earnings Presentation 1H17

vs. 2016

760 562 506

-404 -357 -359

-411

-110 -225

1 Sector figures are per BRSA bank-only weekly data, commercial banks only. Note: In 2Q17 TL 225 million NPL portfolio receivables sold for TL 14 million, in 1Q17 TL 110 million NPL portfolio receivables sold for TL 9 million, in 4Q16 TL 411 million NPL portfolio receivables sold for TL 17 million.

2

Write-off & NPL sale

Collections

New NPL

NPL Evolution (TL million)

2.7%

NPL Ratio

Garanti

Sector1 3.3%

2.8%

3.3%

4Q16 1Q17

2.6%

3.2%

2Q17

Specific + General Provisions

143%

Total Coverage

including Free Provisions

157%

141% vs. 2016

147%

DECELERATING NET NEW NPL INFLOWS; YET, FURTHER STRENGTHENED COVERAGE RATIO

9

Share of Group II in Performing Loans

Per differentiated and prudent approach 5.3%

Investor Relations BRSA Bank-only Earnings Presentation 1H17

115 21 136

1Q17 2Q17 1H17

114 117 110

54 46

020406080

100120140

1Q16 1H16 2016 1Q17 1H17

99 106 101

29 32

020406080

100120

1Q16 1H16 2016 1Q17 1H17

10

127

4Q16 1Q17

Specific Provisions

Collections

131

291

4Q16 1Q17

525 417

*

Effect of collateral re-assessment

General Provision

30

115

4Q16 1Q17

750

305

441

-445

+136

Specific Provisions

Collections Net Specific Provisions

Net Total Provisions

General Provisions

78bps 32bps 46bps Cost of Risk

(TL million)

(TL million)

(TL million)

Net Specific CoR Evolution (Cumulative - bps)

417 333

750

1Q17 2Q17 1H17

Specific Provisions

Collections in Other Income

General Provision

(TL million)

(TL million)

(TL million)

278 167

445

1Q17 2Q17 1H17

Net Total CoR Evolution (Cumulative - bps)

PROVISIONING FARING BETTER THAN EXPECTED

10

Investor Relations BRSA Bank-only Earnings Presentation 1H17

14.1%

15.2%

16.1%

2015 2016 2Q17

1 Increasing risk weightings on FC denominated sovereign eurobonds and Turkish banks’ FC receivables from 50% to 100% following rating downgrade by Fitch and decreasing RW on FC reserves from 50% to 0%.

including 1.12% (€750mn) Tier II bond issuance

18.3%

RWA / Total Assets

76%

CAR 15.23% 15.03% 16.21% 15.92% 18.25%

Evolution of CET-I

+15

Regulation Impact

Dividend Payment

MtM Difference

-52

+19

16.2%

2016 1H17

+112

Tier-II issuance

Dividend Payment: 52 bps YtD

Regulation Impact1: 15 bps YtD

Tier II issuance: 112 bps YtD

MtM Difference: 19 bps YtD

Capital Adequacy Ratios

CAR

CET-I

87% 82%

CET-1 capital share in total:

88%

SUSTAINED IMPROVEMENT IN SOLVENCY RATIOS

11

Investor Relations BRSA Bank-only Earnings Presentation 1H17

• Leader in number of pension participants • Focus on digital-only products:

i.e. Auto Insurance product, specifically designed for digital • Share of non-credit linked Auto Insurance sale via digital

reached ~59% at June-end & is on an increasing trend

1 Based on MIS data

1H16 1H17

Net Fees & Commissions (TL million)

1,544

1,741 13%

7.2%

11.1%

1.5%

13.2%

7.2% 1.3%

52.9%

5.5%

Payment systems: 8% YoY

Other

Cash Loans

Non-Cash Loans

Brokerage

Money Transfer

Insurance

Asset Mgmt.

Payment Systems

Net Fees & Commissions Breakdown1

1H17

• Leader in number of POS machines: 18% market share • Leading bank in Issuing & Acquiring: >20% market share • Turkey’s largest card platform: Bonus Card

Insurance: 20% YoY

Money Transfer: 29% YoY

• Digital channels share in number of money transfer transcations: ~80% • Leader in interbank money transfer : 14% market share • Leader in SWIFT transactions: 18% market share

Non-Cash: 24% YoY

Effective utilization of digital channels • Share of Digital in Total Sales: 30% vs. 25% in 2016 • Digital channels’ share in non-credit linked fees: 37%3

BKM

Customers’ preferred bank

Insurance: 20% YoY

Money Transfers: 29% YoY

Non-Cash: 24% YoY

Leader bank in Issuing & Acquiring: >20% market share

Turkey’s largest card platform: Bonus Card

Leader in interbank money transfer : 14% market share

Leader in SWIFT transactions: 18% market share

Highest digital customer base with 5.2million

Digital channels’ share in non-credit linked fees: 38%1

FEE GROWTH MOMENTUM MIRRORS SUSTAINABLE BUSINESS MODEL

12

Investor Relations BRSA Bank-only Earnings Presentation 1H17

2,927

3,207

1H16 1H17

Operating Expenses (TL million)

9.6% 1H15 1H16

1H17

10%

13%

16%

19%

40% 45% 50% 55%

RO

AE

Cost/Income

> Increased efficiencies:

> Value creation through digital :

Managing the largest digital customer base in Turkey: 5.2 million; 20% up YoY

Profitability of a digital customer is twice that of a non-digital customer

Note: In the Cost/Income calculation, Income defined as NII + Net F&C +Trading gains/losses – Provision for loans + Other income + Income from subsidiaries.

-10pp

+2.9pp

YoY growth above full-year guidance, as expected, due to

seasonality of HR costs in 1H17.

DISCIPLINED COST MANAGEMENT & INCREASING EFFICIENCIES

13

1,643 1,563

(5%)

Investor Relations BRSA Bank-only Earnings Presentation 1H17

Pg. 15 Summary Balance Sheet Pg. 16 Securities Portfolio

Pg. 20 Summary P&L

Pg. 17 Retail Loans

Pg. 21 Key Financial Ratios

Pg. 19 Non-recurring Items & Normalized Net Income

APPENDIX

14

Pg. 18 Comfortable Liquidity

Investor Relations BRSA Bank-only Earnings Presentation 1H17

Income on subsidiaries

1 Includes banks, interbank and excludes reserve requirements 2 Includes funds borrowed and sub-debt

(TL million) Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 YTD

Change

Cash & Banks1 17,282 15,794 15,589 17,862 20,079 29%

Reserve Requirements 18,888 24,879 20,866 23,704 24,422 17%

Securities 41,413 41,228 43,668 45,205 44,460 2%

Performing Loans 167,318 171,080 185,043 194,851 200,461 8%

Fixed Assets, Affiliates & Associates 8,547 9,147 9,509 9,878 10,248 8%

Other 8,080 7,510 9,480 8,920 9,014 -5%

TOTAL ASSETS 261,529 269,638 284,155 300,420 308,683 9%

Deposits 154,718 150,937 161,232 167,444 175,574 9%

Repos & Interbank 6,457 17,355 9,769 13,960 13,906 42%

Bonds Issued 14,520 14,127 16,437 18,859 18,839 15%

Funds Borrowed2 31,818 33,040 40,286 41,585 40,347 0%

Other 20,956 19,712 20,892 22,204 22,008 5%

SHE 33,060 34,466 35,539 36,369 38,008 7%

TOTAL LIABILITIES & SHE 261,529 269,638 284,155 300,420 308,683 9%

SUMMARY BALANCE SHEET

15

Investor Relations BRSA Bank-only Earnings Presentation 1H17

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

73%

26% 27%

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

TL FC

74%

Trading 1.0%

AFS 46.5%

HTM 52.5%

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

Total Securities (TL billion) TL Securities (TL billion)

FC Securities (US$ billion)

FRNs: 5%

Unrealized MtM loss (pre-tax) ~TL 110mn loss as of Jun’17 vs. ~TL 147mn loss as of Mar’17 ~TL 653mn loss as of Dec’16 ~TL 249mn loss as of Sep’16 ~TL 175mn loss as of Jun’16,

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

74%

Fixed: 95%

26%

CPI: 49%

Fixed: 21%

FRNs: 7%

Fixed: 93%

29%

71%

3.8

(4%)

41.4

Securities1/Assets:

12.8% hovering at its

lowest level

0%

41.2

(1%)

30.6

CPI: 56%

Fixed: 20%

FRNs: 5%

Fixed: 95%

70%

30%

3.6

Securities Composition

43.7

30.4

1%

CPI: 58%

Other FRNs: 23%

Fixed: 20%

3.7

45.2

4% 30.7

4%

3.7

CPI: 55%

Other FRNs: 23%

Fixed: 22%

FRNs: 5%

Fixed: 95%

44.5

1%

31.9

CPI: 58%

Other FRNs: 23%

Fixed: 20%

3.4

FRNs: 5%

Fixed: 95%

(2%) 6%

(6%) (1%) 2%

32.4

Other FRNs: 23%

Other FRNs: 23%

SECURITIES PORTFOLIO REMAINS AS HEDGE AGAINST VOLATILITY

16

Investor Relations BRSA Bank-only Earnings Presentation 1H17

18.1 18.3 18.9 19.5 20.3

11.7 11.8 12.6 15.4 16.2

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

55.8 57.2 58.9 60.0 61.7

17.6 17.9 19.3 22.3 23.3

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

1.8 1.9 2.2 2.2 2.2

2.7 2.7 3.0 3.0 3.1

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

2.8

Consumer Loans

Retail Loans (TL billion)

4.5

Auto Loans (TL billion)

4.7

General Purpose Loans1 (TL billion)

20.3 21.0 21.6 22.2 22.6

0.8 0.8 0.9 0.9 0.9

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

Mortgage Loans (TL billion)

2%

16%

17% 22%

21.2

3%

11%

Commercial Instalment Loans

Consumer Loans Commercial Instalment Loans

10%

15.5 16.0 16.1 16.2 16.6

2.3 2.5 2.8 3.0 3.1

Jun.16 Sep.16 Dec.16 Mar.17 Jun.17

17.9 18.5

Credit Card Balances (TL billion)

1 Including other loans and overdrafts 2 As of June 2017, as per Interbank Card Center data. Note: (i) Sector figures used in market share calculations are based on bank-only BRSA weekly data as of 30.06.2017, commercial banks only (ii) Rankings are as of March 2017, among private banks. unless otherwise stated

3%

73.4 21.8

29.9

1% 4%

30.1

75.1

4% 3%

22.6

5.2

13%

5%

31.5 18.9

2%

78.1 82.4

5%

23.2

3%

5.2

(1%)

11%

34.8 19.1

1%

85.0

3%

23.5

1%

5.3

2% 36.5

5%

19.7

3%

Dec’16 QoQ YoY Rank

Consumer Loans

14.6% -19bps +30bps #1

Cons. Mortgage 14.2% -45bps -8bps #1

Cons. Auto 36.8% +289bps +973bps #1

GPLs 9.0% -13bps +34bps #2

Corporate CCs 14.7% +94bps +234bps #2

# of CC customers

15.0%2 -10bps +54bps #12

Issuing Vol. 20.2%2 +7bps +100bps #12

Acquiring Vol. 20.9%2 0bps +31bps #12

June’17 QoQ Rank

Consumer Loans 14.2% -17bps #1

Cons. Mortgage 13.4% -40bps #1

Cons. Auto 37.3% +26bps #1

Consumer GPLs 11.5% -1bps #2

Comm. Inst. GPLs 5.3% -158bps #2

Market Shares

PRESERVED LEADING POSITION ACROSS ALL RETAIL PRODUCTS

17

Preserved #1 position in cards business

15.0%2 20.6%2

# of CC customers

Issuing Volume

Acquiring Volume

20.8%2

Investor Relations BRSA Bank-only Earnings Presentation 1H17 18

COMFORTABLE LIQUIDITY Successful dual currency balance sheet management

LCR

Expected Regulation

Impact

Expected LCR

Total LCR 142% 13% 155%

Minimum Req. for 2017 80%

FC LCR 155% 25% 180%

Minimum Req. for 2017 60%

Per BRSA’s draft regulation dated 24 July: Weight of «FC restricted time deposits» kept at CBRT as reserve requirement will increase to 100% from 50% in High Quality Liquid Assets calculation.

Liquidity Coverage Ratios (LCR) are well above minimum required levels

Loans funded via long-term on B/S alternative funding sources ease LtD

Total Loans / Deposits: 114%

TL Loans / TL Deposits: 169%

FC Loans / FC Deposits: 69%

Adjusted L/D

200

140

-3.7 -0.7 -8.4 -13.6 -34.0 TL Bonds

80%

Loans

(TL billion)

176

Deposits Adj. Loans

Deposits

176 TL MM funding

&bilateral

Merchant Payables

FC bonds &MtNs FC MM

funding, secur., syndications

and bilaterals

Investor Relations BRSA Bank-only Earnings Presentation 1H17

Income on subsidiaries

TL Million 1Q16 2Q16 3Q16 4Q16 1Q17 2Q17

Net Income 1,041 1,540 1,331 1,160 1,526 1,554

Provision reversal due to collateral re-assessment -80 0 0 0 0 0

Extra provisions related to collateral re-assessment 122 0 20 102 0 0

Garanti Bank Moscow sale loss 0 0 0 48 0 0

Visa sale gain 0 -238 0 0 0 0

Income from NPL sale -24 -16 -8 -14 -7 -11

Gains from asset sale 0 -14 0 0 0 0

Provision reversal from Miles&Smiles 0 -51 0 0 0 0

Free provision 0 0 100 0 200 220

Provision for tax fines 0 0 0 85 0 0

Fee rebates 60 52 30 24 19 15

Normalized Net Income 1,119 1,272 1,472 1,405 1,738 1,778

NON-RECURRING ITEMS & NORMALIZED NET INCOME

19

Investor Relations BRSA Bank-only Earnings Presentation 1H17

* Net effect of collateral re-assessment in 1Q16 is shown under specific provisions (TL53mn) for fair comparison

TL Million 1H 16 1H 17 D YoY 1Q 17 2Q 17 D QoQ (+) Net Interest Income including Swap costs 4,602 5,728 24% 2,885 2,843 -1%

(+) NII excluding CPI linkers' income 4,419 5,688 29% 2,765 2,923 6%

(+) Income on CPI linkers 823 974 18% 424 550 30%

(-) Swap Cost -640 -933 46% -304 -629 107%

(+) Net Fees & Comm. 1,544 1,741 13% 875 866 -1%

(-) Specific + General provisions net of collections* -802 -441 -45% -254 -187 -26%

(-) Specific Provisions -1,122 -750 -33% -417 -333 -20%

(-) General Provisions -126 -136 8% -115 -21 -82%

(+) Collections 317 445 41% 278 167 -40%

(-)

(+) Free prov. Reversal assigned to shipping file OPEX

130 -2,927

0 -3,207

n.m 10%

0 -1,643

0 -1,563

n.m -5%

= CORE BANKING INCOME 2,417 3,822 58% 1,862 1,960 5%

(+) Net Trading & FX gains/losses 85 -3 -104% 2 -5 -333%

(+) Income on subsidiaries 213 389 82% 201 188 -7%

(+) Other income 203 148 -27% 94 53 -43%

(+) NPL sale income 51 23 -55% 9 14 52%

(+) Provision reversal from Miles&Miles 64 0 n.m 0 0 n.m

(+) Gains from asset sale 18 0 n.m 0 0 n.m

(+) Provision reversal of tax penalty paid 0 0 n.m 0 0 n.m

(+) Other 70 125 78% 85 40 -53%

(+) Visa sale 265 0 n.m 0 0 n.m

(-) Taxation and other provisions -604 -1,276 111% -634 -641 1%

(-) Free Provision 0 -420 n.m -200 -220 n.m

(-) Provision for tax fines 0 0 n.m 0 0 n.m

(-) Other Provision -43 -30 -30% -23 -8 -66%

(-) Taxation -561 -825 47% -412 -413 0%

= NET INCOME 2,580 3,080 19% 1,526 1,554 2%

SUMMARY P&L

20

Investor Relations BRSA Bank-only Earnings Presentation 1H17

KEY FINANCIAL RATIOS

21

Jun-16 Sep-16 Dec-16 Mar-17 Jun-17 Profitability ratios

ROAE (Cumulative)1 15.7% 16.0% 15.3% 19.0% 18.2%

ROAA (Cumulative) 1 1.9% 2.0% 1.9% 2.3% 2.2%

Cost/Income 47.9% 46.6% 48.2% 43.2% 42.4%

Quarterly NIM including swap costs 4.3% 4.9% 4.8% 4.7% 4.5%

Cumulative NIM including swap costs 4.2% 4.5% 4.5% 4.7% 4.6%

Liquidity ratios Loans/Deposits 108% 113% 115% 116% 114%

Adj. Loans/Deposits (Loans funded via long-term on B/S alternative funding sources)

152% 154% 154% 167% 169%

TL Loans / TL Deposits 74.5% 77.7% 77.2% 78.6% 79.8%

TL Loans / (TL Deposits + TL Bonds + Merchant Payables) 129% 132% 132% 143% 144%

FC Loans / FC Deposits 71% 76% 79% 74% 69%

Asset quality ratios NPL Ratio 2.8% 3.0% 2.8% 2.7% 2.6%

Total Coverage Ratio (General+Specific+Free Prov.) 148% 145% 147% 151% 157%

Solvency ratios CAR 16.3% 16.4% 16.2% 15.9% 18.3%

CET-1 Ratio 15.2% 15.4% 15.2% 14.9% 16.1%

Leverage 6.9x 6.8x 7.0x 7.3x 7.1x

1 Excludes non-recurring items when annualizing Net Income for the remaining quarters of the year in calculating Return On Average Equity (ROAE) and Return On Average Assets (ROAA) for 1H16, 9M16, 1Q17 and 1H17.

Investor Relations BRSA Bank-only Earnings Presentation 1H17

Türkiye Garanti Bankasi A.Ş. (the “TGB”) has prepared this presentation document (the “Document”) thereto for the sole purposes of providing information which include forward looking projections and statements relating to the TGB (the “Information”). No representation or warranty is made by TGB for the accuracy or completeness of the Information contained herein. The Information is subject to change without any notice. Neither the Document nor the Information can construe any investment advise, or an offer to buy or sell TGB shares. This Document and/or the Information cannot be copied, disclosed or distributed to any person other than the person to whom the Document and/or Information delivered or sent by TGB or who required a copy of the same from the TGB. TGB expressly disclaims any and all liability for any statements including any forward looking projections and statements, expressed, implied, contained herein, or for any omissions from Information or any other written or oral communication transmitted or made available.

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