1. Investor Relations / BRSA Consolidated Earnings Presentation 9M12EarningsPresentation September 30, 2012 BRSA Consolidated Financials

2. Investor Relations / BRSA Consolidated Earnings Presentation 9M123Q 2012 Macro Highlights Stimulative policies reigned: The Feds open-ended QE3,Quantitative easening Prospect of additional QE by the BoE and BoJ Additional ECB LTROs and bond purchases via the ECBs OMT (Outright Monetary Transactions) took over the sceneprogram towards the end of In the Euro area, economic weakness - especially in periphery countries - and intense financial market stress3Q12persist. In China, the cyclical environment remains disappointing towards economic adjustment from quantity toquality of growth - large package of infrastructure investment and fiscal stimulus announced. Oil and gold were both on the rise gaining value above 10% The economy slowed down to 2.9% during 2Q12-- rebalancing continued with higher contribution of foreigndemand and sustained weakness in domestic demand, while private investments contracted sharply. Current account deficit fell below US$ 60 billion as of Aug12 with poor domestic demand and exportdiversification.Rebalancing deepens Although annual inflation reached 9.2% in September and the latest tax hikes pressure prices, CBRT guides for a &more visible fall during 4Q12. CBRT gets ready for CBRT is looking to ease monetary policy in the wake of recent developments in the economy and in policiesabroad - prioritizing growth with an eye on inflation and financial stability.global monetary easing CBRT continued to utilize reserve requirement (RR) tool and Reserve Option Coefficients (ROCs) to manageliquidity -- gradually increased ROCs and introduced new coefficients for each assigned and additional tranches. After having appreciated by 4% and 1% against the currency basket in two consecutive quarters, TL appreciatedagain by 2% in 3Q12. Benchmark bond yield, on a monthly average basis, was down to 7.6% in 3Q12 from 9.1% in 2Q12.2 3. Investor Relations / BRSA Consolidated Earnings Presentation 9M129M 2012 Highlights Increasingly customer-driven, liquid, low-risk and well-capitalized balance sheet Customer-driven asset composition: Loans/Assets: 55%; Securities/Assets: 21% Increasing share of higher yielding loans sustained, despite a slower growth pace in lending: 2% vs. 5% in 2Q 12TL lending growth: 3% vs. 8% in 2Q 12 & 2% in 1Q12 Lucrative retail loans continued to drive the growth (Mortgage: 10.4% ytd vs. sectors 7.5%; GPL: 13.1% ytd vs. sectors 11.7%; Auto: 7.2% ytd vs. sectors 2.5%)1 Balance sheet Intentional market share loss in TL commercial loans dragged down TL lending growthFX lending growth: 1% vs. -1% in 2Q 12 & 4% in 1Q12strength: Slight pick-up in 3Q, driven by working capital & investment loans distinguishingActively managed risk adjusted return of securities portfolio: Realized profits from FC fixed rate bonds Sound asset quality with widening gap vs. sector; while, prudent provisioning shoring up the strong coverage levelfeature of Garanti... NPL ratio: 2.3% (Bank-only NPL ratio: 2.0% vs. sectors 2.9%) Coverage level: 77% (Bank-only coverage ratio: 81% vs. sectors 75%) ; CoR 20 y-o-y)1 Based on bank-only data for fair comparison. As per consolidated financials growth in mortgages: 9.6% ytd; GPLs: 12.9% ytd; auto loans: 16.4% ytd2 Assuming that consumer loan origination fees for 2011 are accounted for on an accrual basis and the avg. cap applied on fund management fees for 2011 is at the same level as 20123 4. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Healthy profit generation fuelled by strong core banking income-- comparable net profits up by 27% yoy Net Income (TL million)9M12 ROAE 252,606 18% Net Income 2,581 up by 27%Leverage on a comparable basis9M12 ReportedNPL Sale9M12 Adjusted7x9M1143162 851522,468 ROAA2,025 2.1%9M11 Reported NPL Sale Mastercard & Visa stake sale Regulatory effect on9M11 Adjusted Eureko, Subsidiary valuation1 fees 1 Assuming that consumer loan origination fees for 2011 are accounted for on an accrual basis and the avg. cap applied on fund management fees for 2011 is at the same level as 2012 4 5. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Core banking income alone was up by 17% yoy on a comparable basis Sustaineddouble digit +Net F&C GrowthWell-managedNet Fees & Comm.margins Up by +10% on a comparable basis1 (-3% on reported basis)Net Interest Income Robust & well-diversifiedUp by +21% excluding CPI linkers fee baseSustained focus onlucrative products Strong Core Well-diversified and actively Banking Incomemanaged funding base to +17% yoymanage costs51 Assuming that consumer loan origination fees for 2011 are accounted for on an accrual basis and the avg. cap applied on fund management fees for 2011 is at the same level as 2012 6. Investor Relations / BRSA Consolidated Earnings Presentation 9M12and on a quarterly basis as well, registered a double digit core bankingrevenue growth Strong margin performance:Quarterly net income (TL million)(TL Million) 2Q 12 3Q 12 D QoQ Sustained focus on lucrative products coupled with (+) NII- excl .income on CPI linkers 1,114 1,263 13%declining funding costs Higher fee base due to timing 962 (+) Net fees and comm.491 54711% 1Q12: of account maintenance fees Specific & General Prov. (-) - exc. one-offs on specific prov. -245 -27813%Normalizing net NPL formations, as expected 2Q12: 820 SUSTAINED SOLID = CORE BANKING REVENUES1,361 1,533 13%CORE BANKING INCOME (+) Income on CPI linkers 45130 -93%Quarterly income volatility of 3Q12: 824(-) One-off effects on spec. provisions CPI linkers -- to be reversed in 4Q-520n.m (+) Collections 40 5232% (+) Trading & FX gainsProfit realizations on 9M12: 2,606 72468 554%FC fixed rate bonds (+) Other income -before one-offs 110 103-6% Strict cost management :(-) OPEX -963 -1,014 5%Opex/Avg. Assets @2.3% in 9M12 -- maintained flat q-o-q & y-o-y(-) Taxation and other provisions-223 -34756% Prudently set aside for(-) Free Provision0-82 n.m.possible losses in shipping industry = NET INCOME -- on a comparable basis 795 824 4% One-offs (post -tax) 250 n.m.(+) NPL sale 250 n.m. = NET INCOME820 824 1% 6 7. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Increasingly customer-driven asset compositionTotal Assets (TL/USD billion) Composition of Assets13Q12Growth:6%Other Loans3 in 3Q: +2% IEAs1%8.2%vs. 2Q: +5%, 1Q: +1%Loans 170.6 173.155.2% Non-IEAsReserve req. 6.9% Securities in 3Q: -5%163.515.8%vs. 2Q: +1%, 1Q:+11% Others9.0% 104.8 104.9Securities 92.3 20.7%Loans/AssetsIEA / Assets: 84%201155% OtherIEAs 12.6%Reserve req. Maintained comfortableLoans Non-IEAs 4.4% liquidity38.137.0 38.5 54.5%11.9% Others7.5%Liquidity Ratio2: 2011 2011 TLFC (USD)2Q122Q12 3Q123Q12Total Assets (TL) Securities 21.0%29%IEA / Assets: 88%1 Accrued interest on B/S items are shown in non-IEAs2 (Cash and banks + Trading securities + AFS)/Total Assets73 Performing cash loans 8. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Actively managed risk adjusted return of securities portfolio Securitiesin assets down to 21% due to profit realizations from FC fixed rate bondsTotal Securities (TL billion)TL Securities (TL billion)Securities2/Assets 6% 16% 37.0 41.015% 41.314%39.3 21%9% 35.7 35.617%30.734.8 down from22% at 1H121% (5%) 13%3%(0%)11%91%CPI: 85%86% CPI: CPI: CPI:83%29%28%31%32%FRNs: FRNs:FRNs: FRNs: FRN mix1 in total 29% 30%30% 30% 2011 1Q12TL2Q12FC3Q12 2011 1Q12 2Q12 3Q12 61%Total Securities Composition FC Securities (USD billion) up from 56% at 1H12(38%)3.43.53.1 RoT Eurobond disposalsAFS 93.9%Trading 2.6% eliminated the capital HTM 3.5% (10%) 2.1 4% burden that would result(34%)per Basel IIFRNs:FRNs:FRNs: FRNs: implementation Unrealized gain 31%30%33% 53% as of September-end ~TL 950 mn120111Q12 2Q12 3Q12 1 Based on bank-only MIS data 2 Excluding accruals 8 Note: Fixed / Floating breakdown of securities portfolio is based on bank-only MIS data 9. Investor Relations / BRSA Consolidated Earnings Presentation 9M12 Increasing share of higher yielding loans sustained, despite a slower growth pace in lendingTotal Loan1 Growth & Loans by LOB2 (TL million)TL Loan Growth3:Bank-only, Q-o-Q7% 1%5%2%2%vs. Sectors 3% Lucrative retail products 95.196.9continue to drive the TL lendingTotal 90.390.9growth 16.0%15.9% Intentional market share loss in18.2%16.3%Corporate TL comm. lending -- draggeddown total TL loan growth Market share: 11.0%at 3Q 12 39.0%38.3%vs. 11.2% in 1H 12 & 11.3% at YE 11 39.4%Commercial39.5% 12.8% 13.4%12.8%11.8% SME FC Loan Growth3: 12.4%13.0%Bank-only, Q-o-Q and US$Credit Cards11.9%12.2%Consumer18.5%19.3% 19.2%20.1%2%vs. Sectors 1% Slight pick-up towards the end20111Q12 2Q12 3Q12of 3Q driven by workingcapital and investment loansTL (% in total) 55%56%58%58%FC (% in total) 45%44%42%42%Market share: 18.5% in 3Q12vs. 18.4% in 1H 12 & 18.5% at YE 11US$/TL 1.8651.7601.7801.772 1 Performing cash loans 2 Based on bank-only MIS data9 3 Based on bank-only financials for fair comparison with the sector. Sector data is based on BRSA weekly data for commercial banks 10. Investor Relations / BRSA Consolidated Earnings Presentation 9M12As easing in interest rates slowly kick in, loan yields started to flattenTL Loans1 (TL billion)Interest Income on loans (quarterly TL billion) 13%55.256.7 50.051.2 2,310 3%2,174 2,210 8% 2,0632% 16.05%16.11% 15.87%Quarterly 15.17%TL Yield211.63%11.79%11.81%Quarterly2011 1Q122Q12 3Q1210.72%Total Yield2FC Loans1 (US$ billion)5% 21.622.622.4 22.7(1%) 1%4% 4Q111Q122Q12 3Q125.77%5.83% Quarterly 5.55% FC Yield2 5.12%20111Q122Q123Q12 1 Performing cash loans 2 Based on bank-only MIS data and calculated using daily averages10 11. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Retail loans continue to drive the growth -- sustained focus on keyprofitable products : Mortgages and GPLs Retail Loans1 (TL billion)Mortgage (TL billion)Above sector growth in 13%10% lucrative products43.7 45.4 11.241.210.210.310.740.2 0.6 0.6 0.60.6 Market share gains ytd12.5 12.511.011.46%4% 1%4% 4% +13 bps in GPL3%29.229.831.2 32.9 9.6 9.710.110.5 +36 bps in Mortgage 20111Q12 2Q123Q12 20111Q12 2Q123Q12Consumer LoansCommercial Installment Loans Auto Loan (TL billion) General Purpose Loan5 (TL billion) Market Shares2,3 16% 13% YTD Sept 12 Rank42.819.019.517.318.0Mortgage 13.7% #13.23.39.3 9.2 Auto 15.6% #32.82.88.3 8.7 2.12.1 4% 6%2% General1.7 1.710.8% #2Purpose51%15% 1% 10.3 8.99.3 9.71.1 1.11.21.2 Retail112.9% #220111Q12 2Q12 3Q1220111Q12 2Q123Q121 Including consumer, commercial installment, overdraft accounts, credit cards and other 4 As of 1H12 among private banks2 Including consumer and commercial installment loans11 5 Including other loans and overdrafts3 Sector figures are based on bank-only BRSA weekly data, commercial banks only 12. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Solid market presence in credit cards-- good contibutor to sustainable revenuesIssuing Volume (TL billion) Acquiring Volume (TL billion) #1 in card business19% 18% 47.7Per Debit Card Spending51.140.2 43.1~2.5x the sector... with the ultimate aim of creating cashless society Per Card Spending (TL, Sept122)7,1256,691Garanti Sector9M119M129M119M12No. of Credit Cards (thousand)Credit Card Balances (TL billion) Market Shares 75515% 11.5 YTD Sept 12Rank558 10.810.010.1Acquiring -87 bps 19.1% #19,102 (Cumulative) 8,544Issuing -88 bps 18.0% #1 8,347(Cumulative) 6% 7% 1%# of CCs+35 bps 17.0% #1POS1 +123 bps 18.8% #120111Q 12 2Q 123Q 12ATM -25 bps9.8% #3*3Q11 2011 3Q121 Excluding shared POS2 Annualized*Among private banks 12Note: Rankings are per September-end figures. All figures are bank-only except for credit card balances 13. Investor Relations / BRSA Consolidated Earnings Presentation 9M12 NPL ratio remains strong with widening gap vs. sector NPL Ratio1 Net Quarterly NPLs1 (TL billion)Garanti 2.1%2.1%2.1% 2.3%(Cons.) 2764.0% 98 403 Including;3.7%3.8% 3.7% 29 TL 33mn of NPLs2.9% 533 243related to cheques 2.6%2.7%2.6% TL53mn of GBIs 2.7%59602few commercial 2.4% 2.5%2.6%100273files related to319 1.9% 1.8% 2.0% shipping industry 1.8%167168 129 New NPL -43-75Collections-106 20111Q12 2Q12 3Q12 -168-84Write-offs -1804GarantiSector Garanti excld.NPL sales & write-offs*Sector w/ no NPL sales & write-offs* * Adjusted with write-offs in 2008,2009,2010,2011 & 9M12 4Q11 1Q12 2Q123Q12 NPL Categorisation1Retail BankingCredit Cards Business BankingNPL formations(Consumer & SME Personal)23% of total loans13% of total loans (Including SME Business)64% of total loans As expected, in-line with sector trends Mainly stemming from unsecured consumer loans: 5.7% 5.8% 1.9%2.0%2.0% 2.2%5.8%5.2% 5.4%2.5% 2.5% 2.4% 2.8% GPLs & Credit Cards5.7%1.6% 4.8%5.0% -- low ticket 1.6% 1.6% 1.7% 1.2% 1.3% 1.4%1.5% --recoveries are strong 2011 1Q12 2Q12 3Q12 20111Q122Q123Q122011 1Q122Q123Q12Garanti Sector1 NPL ratio and NPL categorisation for Garanti and sector figures are per BRSA bank-only data for fair comparison2 Including NPL inflows in 4Q11 and 2Q12, amounting to ~TL100 mn and ~60mn, respectively, which are related to a few commercial files with strong collateralization133 Including the impact of Romanian subsidiary 4 Garanti NPL sale amounts TL218 mn, of which TL188 mn relates to NPL portfolio with 100% coverage and the remaining TL31 mn being from the previously written-off NPLsSource: BRSA, TBA & CBT 14. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Prudent provisioning shoring up the strong coverage levelQuarterly Loan-Loss Provisions (TL million)Coverage Ratio Dec 11 Mar 12June 12Sept 12Sector1 82% 82% 81% 75%Garanti 82% 81% 81% 81%Strong coverageGaranti 79% 79% 78% 77% ratio sustained at(Cons.)81% per bank-only vs. sectors 75% 297Includes additional27877% per consolidated figures 250provisions of 523TL32mn set asidefor alignment of 3coverage ratio to91pre-NPL sale level108193208Cumulative Gross CoR7917 2105 2 472 97 bps63 23633 23 316-33 Lower Gen. Prov. due to change in B/S mix4Q11 1Q12 2Q12 3Q12 General Specific1 Sector figures are per BRSA weekly data, commercial banks only2 The effect of BRSAs recent regulations on general reserve rates for extended loans and GPLs. Regulatory effect on General Provisions in Cost of Risk was 19bps in 9M11, 16bps in 2011, 14bps in 3M12, 15bps in 1H12 and 17 bps in 9M12 143 TL91mn of provisions resulting from NPL inflows in 4Q 11 and the TL52mn of provisions resulting from NPL inflows in 2Q 12 are related to a few commercial files with strong collateralization 15. Investor Relations / BRSA Consolidated Earnings Presentation 9M12 Sustainably strong and well-managed funding structureComposition of LiabilitiesTotal Deposits (TL billion)7%Funds Borrowed15.3%14.7% 14.6% 3%Repos7.2%7.2% 4.7%97.099.7Bonds Issued 2.2%2.3% 3.5% 93.2 92.6 48%47% FC 49%49% IBL: (1%)2IBL: IBL:5%23%244.3%44.9% 45.4% 68%69%69%Time Deposits (0%) 7%TL5% 51%51%53%Demand Deposits 12.4%11.7% 11.9% 52%SHE 10.9%11.3% 11.9%Other 7.6% 8.0% 8.0% 2011 1Q 12 2Q 12 3Q 12 2011 2Q123Q12Loans / Deposits 96.9%98.2% 98.0% 97.2%Cost of Deposits1 (Quarterly Averages)Loans / Deposits 93.5%94.8% 94.3% 93.5%adj. w/ merchant payables3 10.5%10.4%9.1% 9.8%8.8% 9.0%8.9%8.4% Focus on sustainable 7.7%7.4%Loans/Deposits and lower cost deposits3.5%3.1%3.1% 2.4% 2.6% 3.2%3.0% ~60% FX funding supported2.4%2.5% 2.3% when loans* with by US$ 1.35bnmaturity of >3yrsEurobond issuance 3Q 11 20111Q 122Q 123Q 12 are excludedTL Time TL BlendedFC Time FC Blended1 Based on bank-only MIS data2 Growth in USD terms3 Payables from credit card transactions. Please refer to footnote 5.2.4.3 miscellaneous payables as per BRSA Consolidated financial report15*Defined as mortgages, project finance loans, investment loans and no export obligation loans 16. Investor Relations / BRSA Consolidated Earnings Presentation 9M12 Customer-driven and expanding deposit base bolstered by the success in attracting demand deposits & relationship banking Deposits by LOB1(Excluding bank deposits) Demand Deposits (TL billion) 1%3%20.620.320.00.812.8%14.2% 0.8 Corporate16.3%0.918.319.819.50.5 19.120.9%21.3%Commercial20.9%17.817.2%16.4%20111Q 12 2Q 12 3Q 12 SME16.0%Bank Deposits Customer DepositsDemand Deposits/ Share of mass depositsTotal Deposits in totalConsumer+SME Consumer 46.8%49.1% 48.1%21% up to65%19% vs. Sectors 17% on a bank-only basisfrom 63% at YE11Sizeable demand deposit levelmaintained2011 2Q123Q12 >14%Customer demand depositsmarket share21 Based on bank-only MIS data2 Sector data is based on BRSA weekly data for commercial banks only16 17. Investor Relations / BRSA Consolidated Earnings Presentation 9M12High internal capital generation capability along with activemanagement of B/S further strenghtened capital base CAR & Tier I ratioStrategic capital allocation for16.4% healthy, 15.3% profitable &TIER ITIER I long-term sustainable growth15.1% 14.3%Recommended 12% Comfortable level of free funds: Required Free funds/IEA: 18%8%LeverageBASEL IBASEL II7xBasel II impact on a consolidatedbasis is negligibleNote: CAR and Tier I ratios are per Basel I for 2Q 12, and per Basel II for 3Q 12Free Equity = SHE - ( Net NPL+ Investment in Associates and Subsidiaries + Tangible and Intangible Assets+ AHR+ Reserve Requirements) 17Free Funds = Free Equity + Deman d Deposits 18. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Margins are on the rise, up by +29bps q-o-q, excluding the quarterlyvolatility from CPI linkersQuarterly NIM (Net Interest Income / Average IEAs) Margin expansion: 29bps qoq NIM Adjusted NIM when volatility from CPI linkers are 4.7%4.2% 4.1%4.2% excluded 3.4% 4.0%3.9% On the back of;3.6%(82 bps) Continuous improvement in LtD 29 bpsspread ~30bps Lower deposit cost is the maindriver4Q 11 1Q 12 2Q 12 3Q 12 4Q 11 1Q 12 2Q 123Q 12 Deposit pricing droppedby >200bps vs. June-endQ-o-Q Evolution of Margin Components (in bps) Impact of the drop in deposit pricing will be more apparent in 4Q12 +12 -112 Loan yields has started to flattenLoans +123 392424 +39342 -73 -16 Securities-10 +5 Declining other funding costsSec. OtherCPIOtherDeposits Exp. Items Avg. cost of repo fundingexc. CPI Inc. ItemsProvisionsFX&reduced by ~300bps qoq TradingAdj. NIM boosted by strong trading gains 2Q 12 3Q 123Q 12NIM NIMAdj NIMAdjustments to NIM: Net Interest Income/ Average IEA adjusted by FX gain/loss, provision for loans and securities, and net trading income/loss18 19. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Highest ordinary banking income generation capacity feeds sustainablygrowing revenuesNet Fees & Commissions1 (TL million) (3%)1,6301,580 Leader in Ordinary Banking Income generation Assuming that consumer loan 1,439 with the highest Net F&C market share4 origination fees for 2011 are accounted for on an accrual basis and the avg. cap applied on fund Double digit momentum in Net Fees & Comm. management fees for 2011 is at sustained on a comparable basis via the same level as 2012highly diversified fee sources Leader in interbank money transfer 18% market share vs. the peer average of 10% 9M11 9M12 Highest payment systems commissions perNet Fees & CommissionsBreakdown 2,3 volume 1.5% vs. the peer average of 1.2%5 9M11 9M12 #1 in bancassurrance6Cash Loans Cash LoansPayment 19.3%Payment 20.3% Strong presence in brokerageSystemsSystems 32.7%40.5%6.6% market share Non Cash Non Cash LoansLoans 8.6% 7.4% MoneyMoneyTransfer Transfer8.8% 9.0%OtherInsuranceInsurance12.5% Other5.2% 6.8%Asset MgtBrokerage Asset Mgt Brokerage12.2% 7.0%4.2%1.8% 3.6%1 9M12 cash loan origination fees are accounted for on an accrual basis per methodology change2 Breakdown is on a comparable basis to same period last year 3 Bank-only MIS data 194 Defined as; net interest income adjusted with provisions for loans and securities, net FX and trading gains + net fees and commissions; as of 1H125 Peer average as of 1H12 6 Among private banks as of August 2012 20. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Differentiated business model -- reflected, once again, in strong results(TL Million) 9M11 9M12 D YoY(+) NII- excl .income on CPI linkers 2,796 3,38721%Double-digit growth inOPEX/Avg. Assets Net Fees & CommissionsNet fees and commissions1(+)(-)Specific & General Prov.- exc. regulatory effects & one-offs 1,439 -518 1,580-63010%22% sustained on a comparable basis*2.3%maintained flat Y-o-Y =CORE BANKING REVENUES3,717 4,33617%(+) Income on CPI linkers739969 31%(-) One-off effects on specific prov. Sustained high level of 0-52 n.m.(+) Collections330142-57%Fees/OPEX(+)(+)Trading & FX gainsOther income -before one-offs 265 279612332131%19%Low OPEX base in thefirst half of 2011, due to 54%(-) OPEXlarger implementation of-2,550 -2,922 15%the efficiency(-) Taxation and other provisions-755 -83611% improvement project(-) Free Provision-90-82n.m.hitting the periodCost/Income =NET INCOME-- on a comparable basis(+) One-offs (post -tax) 2,025 442 2,5812527%n.m. 46%(+) Regulatory effect on net F&C1 1520 n.m.(+) NPL sale 43 25n.m.(+) Eureko, Mastercard & Visa stake sale 1620 n.m.(+) Subsidiary Valuation 85 0 n.m. =NET INCOME 2,468 2,6066%1 Assuming that consumer loan origination fees for 2011 are accounted for on an accrual basis and the avg. cap applied on fund management fees for 2011 is at the same level as 201220 21. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Appendix 21 22. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Balance Sheet - Summary(TL million)Dec-11Mar-12Jun-12Sep-12 YTD ChangeCash &Banks1 17,85113,403 12,40712,794-28%Reserve Requirements7,185 9,1019,85411,868 65%Securities 36,99240,974 41,32939,291 6% AssetsPerforming Loans 90,32990,922 95,05696,933 7%Fixed Assets & Subsidiaries 1,662 1,6391,6151,607 -3%Other 9,456 9,658 10,33410,584 12%TOTAL ASSETS163,475 165,696 170,597 173,0786%Deposits 93,23692,607 97,03299,722 7%Liabilities&SHERepos & Interbank11,73813,173 12,2458,094 -31%Bonds Issued3,742 3,7514,0056,16065%Funds Borrowed225,29724,856 25,25325,530 1%Other11,56212,143 12,75412,934 12%SHE17,90019,166 19,30920,637 15%TOTAL LIABILITIES & SHE 163,475 165,696 170,597 173,0786%1 Includes banks, interbank, other financial institutions2 Includes funds borrowed and sub-debt22 23. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Long-term strategy of investing in CPI linkers as a hedge for expectedreversal in market indicators Drivers of the Yields on CPI Linkers1 (% average per annum) Interest Income2 & Yields on TL Securities (TL billion)28.4%21.8% 15.4%21.1% 19.7% TL Sec. Yield1 13.3% 14.5% 13.1% incl. CPIs 12.8%9.7%6.7% 6.6% 6.6% 6.6% 6.6% 9.8% 3.0%TL Sec. Yield11.3%10.0% excl. CPIs 9.7%9.7%10.0%9.8%7.2%-5.2% (44%) 1,1691,051 1,025 Real Rate Inflation Impact Yield5023Q 11 4Q 11 1Q 12 2Q 12 3Q 12 685563573 Income 573 excl. CPIs 463666 543 487451CPI effect3 222303Q 114Q 111Q122Q123Q121 Based on bank-only MIS data2 Based on bank-only financials233 Per valuation method based on actual monthly inflation readings 24. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Quarterly Margin Analysis Total Interest IncomeInt. Income on loans Int. Income on securitiesInt. Income - Other(% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) 9.42% 9.44% 9.57%3.39% 3.08% 6.11%2.97% 5.94% 5.98% 2.29%0.62%1.69% 0.44% 0.43% 0.43%0.51% 8.31%5.50% 5.61%8.22% + +Sep 11 Dec 11 Mar 12 Jun-12 Sep-12Sep 11 Dec 11 Mar 12 Jun-12 Sep-12 Sep 11 Dec 11 Mar 12 Jun-12 Sep-12 Sep 11 Dec 11 Mar 12 Jun-12 Sep-12-Total Interest ExpenseInt. expense on deposits Int. expense on borrowings* Int. Expense - Other (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) 5.35% 5.33% 3.71% 3.65% 3.60% 1.38% 1.39% 1.44% 1.45%0.23% 0.21%0.19% 0.18% 0.21%4.76% 4.74% 4.89%3.19% 3.17% + 1.08% +Sep 11 Dec 11 Mar 12 Jun-12 Sep-12Sep 11 Dec 11 Mar 12 Jun-12 Sep-12 Sep 11 Dec 11 Mar 12 Jun-12 Sep-12 Sep 11 Dec 11 Mar 12 Jun-12 Sep-12= Net Interet Margin Net Int. Margin - Adjusted (% of Avg. Interest Earning Assets)Prov. for Loans & Securities Net FX & Trading gains (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets)0.80% 0.73%4.24% 3.99% 4.69% 4.09% 4.24%0.68%3.63% 3.92%3.46%3.42% -0.56%+1.24% = 2.71% 0.30%0.24% 0.20% 0.19%Sep 11 Dec 11 Mar 12 Jun-12 Sep-12Sep 11 Dec 11 Mar 12 Jun-12 Sep-12Sep 11 Dec 11 Mar 12 Jun-12 Sep-12 Sep 11 Dec 11 Mar 12 Jun-12 Sep-12 -0.20%Adjustments to NIM: Net Interest Income/ Average IEA adjusted by FX gain/loss, provision for loans and securities, and net trading income/loss* Funds borrowed and repos 24 25. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Cumulative Margin Analysis Total Interest IncomeInt. Income on loans Int. Income on securities Int. Income - Other(% of Avg. Interest Earning Assets)(% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) 9.09%2.75% 0.52%6.01%8.52%2.57% 5.34% 2.49%0.43%0.43% 8.15%5.22%+ + Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12 Total Interest ExpenseInt. expense on borrowings*Int. Expense - Other-(% of Avg. Interest Earning Assets) Int. expense on deposits(% of Avg. Interest Earning Assets)(% of Avg. Interest Earning Assets)(% of Avg. Interest Earning Assets) 5.19%1.35%3.65% 0.22%4.59% 3.06%3.10%+1.33%+ 0.13%0.14% 4.52% 1.32% Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12=Net Interet Margin Net Int. Margin - Adjusted (% of Avg. Interest Earning Assets) Prov. for Loans & SecuritiesNet FX & Trading gains (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets) (% of Avg. Interest Earning Assets)3.93%3.91%0.61%0.55%3.84% 0.58% 3.62% 3.63%- 0.53%+ 0.27%0.26% = 3.36% Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12 Sep 11 Dec 11 Sep 12Adjustments to NIM: Net Interest Income/ Average IEA adjusted by FX gain/loss, provision for loans and securities, and net trading income/loss* Funds borrowed and repos25 26. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Further strengthening of retail network... Number of BranchesNumber of ATMs Number of POS (thousand)#3 #3 #1* 21212 56918924 926 9323,3353,388 3,441498513 9113,2293,268475457 45953 156 5323 2 6739 16 67 2 3Q 11 2011 1Q 121H 123Q 123Q 112011 1Q 121H 12 3Q 12 3Q 1120111Q 121H 12 3Q 12Number of Customers (million)Mortgages (TL billion) Demand Deposits (customer+bank) (TL billion) #1**#2** 1.0 1.2 1.7 10.9 11.211.520.3 10.510.7 20.0 20.6 10.711.2 18.9 18.310.0 10.210.30.5 0.3 0.6 0.30.20.23Q 112011 1Q 121H 12 3Q 123Q 112011 1Q 122Q 123Q 12 3Q 11 20111Q 121H 12 3Q 12*Including shared POS terminals**Mortgage and demand deposit ranks are as of 1H12, based on bank-only financials 26Note:Ranks are among private banks 27. Investor Relations / BRSA Consolidated Earnings Presentation 9M12...while preserving the highest efficiency ratiosOrdinary Banking Income per Avg. Branch (1H 2012) (TL million) Loans1 per Avg. Branch (1H 2012) (TL million)3.8118.82.72.72.5108.0 105.1102.8GarantiPeer 1 Peer 2Peer 3GarantiPeer 1 Peer 2 Peer 3Assets per Avg. Branch (1H 2012) (TL million) Customer Deposits per Avg. Branch( 1H 2012) (TL million) 165.9148.9137.1 90.7127.377.6 80.0 72.1 GarantiPeer 1 Peer 2 Peer 3Garanti Peer 1 Peer 2Peer 31 Total Loans=Cash+non-cash loansNote:Figures are per bank-only financials for fair comparison27 28. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Key financial ratiosSep-11Dec-11Mar-12 Jun-12 Sep-12 Profitability ratios ROAE 18.9%19.5%20.9% 18.9%18.0% ROAA2.2% 2.2% 2.4%2.1% 2.1% Cost/Income43.6%45.6%43.5% 45.6%45.9% NIM (Cumulative)3.6% 3.9% 4.1%4.2% 3.9% Adjusted NIM (Cumulative) 3.4% 3.6% 4.0%3.8% 3.8% Liquidity ratios Liquidity ratio30.5%30.6%31.0% 29.7%29.3% Loans/Deposits adj. with merchant payables195.8%93.5%94.8% 94.3%93.5% Asset quality ratios NPL Ratio 2.0% 2.1% 2.1%2.1% 2.3% Coverage 81.2%79.1%78.6% 78.1%76.5% Gross Cost of Risk (Cumulative-bps) 87 95 4787 97 Solvency ratios CAR* 15.5%15.8%15.7% 15.3%16.4% Tier I Ratio*13.7%14.1%14.6% 14.3%15.1% Leverage 8.4x 8.1x 7.6x7.8x 7.4x1 Payables from credit card transactions. Please refer to footnote 5.2.4.3 miscellaneous payables as per BRSA Consolidated financial report* CAR and TIER I ratios are per Basel I for the periods Sep 11, Dec 11, Mar 12, Jun12 and per Basel II for Sep 12 28 29. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Details of select items in funding base (I/II)Bonds issued April 2011, Eurobond issuances US$ 500mn 10-year fixed-rate notes with a maturity date of 20 April 2021 and coupon rate of 6.25%, US$ 300 mn 5-year floating-rate notes with a maturity date of 20 April 2016 and a coupon rate of 3-month libor + 2.50% TL bond issuances (face value as of 3Q 12) TL 481 million bond with 179 days maturity, at a cost of 10.07% (issuance date: April 2012; maturity date: October 2012) TL 574 million bond with 179 days maturity, at a cost of 10.33% (issuance date: May 2012; maturity date: November 2012) TL 475 million bond with 77 days maturity, at a cost of 8.62% (issuance date: July 2012; maturity date: October 2012) TL 211 million bond with 178 days maturity, at a cost of 8.73% (issuance date: July 2012; maturity date: January 2013) TL 366 million bond with 88 days maturity, at a cost of 7.86% (issuance date: August 2012; maturity date: November 2012) TL 66 million bond with 179 days maturity, at a cost of 8.17% (issuance date: August 2012; maturity date: February 2013) September 2012, Eurobond issuances US$750 million 10 year fixed rate notes with a maturity date of 13 September 2022 and a coupon rate of 5.25% US$600 million 5 year fixed rate notes with a maturity date of 13 September 2017 and a coupon rate of 4.00% 29 30. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Details of select items in funding base (II/II)Funds borrowed2Q 11: Secured 1 billion 1 year syndicated loan, comprising two separate tranches in the amount of 782.5 million and US$ 304.5million. The all-in cost has been realized as EURIBOR+1.1% and LIBOR+1.1%, respectively. Borrowed 50 million and US$ 225 million with 5 year maturity under Diversified Payment Rights securitization program4Q 11: Secured US$ 1 billion 1 year syndicated loan, comprising two separate tranches in the amount of US$ 233.6 million and576.2 million. The all-in cost has been realized as LIBOR+1% and EURIBOR+1%, respectively.2Q 12: Secured EUR 1 billion 1 year syndicated loan, comprising two separate tranches in the amount of US$ 307.3 million and768.1 million. The all-in cost has been realized as LIBOR+1.45% and EURIBOR+1.45%, respectively (Roll-over)3Q 12: Borrowed US$ 400 million 14- year securitized loan from Overseas Private Investment Corporation (OPIC) under DPR future flowsecuritization program30 31. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Disclaimer StatementTrkiye Garanti Bankasi A.. (the TGB) has prepared this presentation document (the Document) thereto for the sole purposes of providing informationwhich include forward looking projections and statements relating to the TGB (the Information). No representation or warranty is made by TGB for theaccuracy or completeness of the Information contained herein. The Information is subject to change without any notice. Neither the Document nor theInformation can construe any investment advise, or an offer to buy or sell TGB shares. This Document and/or the Information cannot be copied, disclosed ordistributed 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 samefrom 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.31 32. Investor Relations / BRSA Consolidated Earnings Presentation 9M12Investor RelationsLevent Nispetiye Mah. Aytar Cad. No:2Beikta 34340 Istanbul TurkeyEmail: investorrelations@garanti.com.trTel: +90 (212) 318 2352Fax: +90 (212) 216 5902Internet: www.garantibank.com/garantibankasi32