Earnings PresentationBRSA Consolidated Figures as at March 31, 2006

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The information and opinions contained in this document have been complied or arrived at by Asya Katጐlጐm Bankasጐ A.ᗠ. from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or correctness. All opinions and estimates contained in this document constitute the Company’s judgement as of the date of this document and are subject to change without notice. The information contained in this document is published for the assistance of recipients, but is not to be relied upon authoritative or taken in substitution for the exercise of judgement by any recipient. The company does not accept any liability whatsoever for any direct or consequential loss arising from any use of this document or its content. This document is strictly confidential and may not be reproduced, distributed or published for any purpose.

§ 31.03.2005 BRSA Solo* Report § 31.12.2005 BRSA Consolidated Report§ 31.03.2006 BRSA Consolidated Report

was used for this presentation.

* Iᗰጐk Sigorta A.ᗠ was our affiliated company on 31.03.2005 so, 31.03.2005 dated report was prepared based on solo figures.

2006 Q1 Performance Review

Consolidated Financial Performance

1 Included Loans, Leasing Receivables, and Advances to Customers

Selected FinancialsBRSA, YTL Million

31.12.2005 31.03.2006 YTDTotal Assets 2.637 2.785 5,6%Total Loans 1 2.046 2.210 8,0%Contingencies and Commitments

3.912 4.064 3,9%

Customers' Current and Profit Sharing Accounts

2.117 2.208 4,3%

Shareholders' Equity 296 319 7,6%

Income Statement Highlights

Selected FinancialsBRSA, YTL Million

31.03.2005 31.03.2006 % Profit Sharing and Similar Income 31 55 75,8%Net Fee & Commision Income 18 28 53,0%Net Trading Income 1 -4 -609,9%Other Income 3 42 1155,4%Total Revenues 1 53 119 124,1%Operating Expenses -25 -50 101,0%Operating Income 2 28 69 144,9%Provisions 10 37 284,9%Taxation 1 11 1182,4%Net Income 17 20 15,1%

1 Total Revenue = Net Profit Share Income + Net Fee and Commissions Income + other Operating Income2 Operating Income = Total Revenues – Other Operating Expenses

Selected Financial Ratios

12,7 %13,0 %Capital adequacy ratio - CAR

11,3 %11,1 %Total shareholders’ equity to total assets

31.03.200631.12.2005Balance Sheet Ratios (%)

79,3 %80,3 %Deposits to total assets

79,4 %77,6 %Total cash loans to total assets

Selected Financial Ratios

66,8 %70,6 %Allowance for possible loan losses to non-performing loans

1,6 %1,7 %Non-performing loans to total cash and non-cash loans

5,2 %5,2 %Non-performing loans to total cash loans

31.03.200631.12.2005Credit Quality (%)

Selected Financial Ratios

6,5 %6,1 %General and administrative expenses as a percentage of total assets

51,7 %50,1 %Cost to income

38,5 %40,6 %Return on average shareholders’ equity- ROAE

4,0 %4,0 %Return on average total asset - ROAA

31.03.200631.12.2005Profitability Ratios (%)

Net Interest Margin

3,8%

8,1%

15,8%

7,3%

0,0%

2,0%

4,0%

6,0%

8,0%

10,0%

12,0%

14,0%

16,0%

18,0%

2005

Average Yield Average MarginAverage Spread Adj. Net Interest Margin

4,5%

16,1%

8,0% 8,5%

0,0%

2,0%

4,0%

6,0%

8,0%

10,0%

12,0%

14,0%

16,0%

18,0%

2006 Q1

Average Yield Average MarginAverage Spread Adj. Net Interest Margin

Income Statement items were calculated for the period of March 2005 through March 2006

2006 Q1 Performance Balance Sheet

Composition of Total Assets and Total Liabilities

79,3 %80,3 %

11,3 %11,1 %9,4 %8,6 %

2005 2006 Q1

Deposits Shareholders' Equity Other

Total Assets Total Liabilities and SHE

* Throughout the presentation, loans refer to performing loans only

66,4 % 68,5 %

9,7 %11,3 %

11,2 % 10,9 %11,1 % 10,9 %

2005 2006 Q1Loans

Cash & Banks

Leasing Receivables & Advances to Customers

Other

Loan Portfolio by Line of Business

13,4% 14,5%

50,2 % 50,0 %

22,0 % 21,8 %

14,4 % 13,7 %

2005 2006 Q1

Corporate Commercial Leasing (NET) Other

Loan Growth Performance

2.0462.210

500

800

1.100

1.400

1.700

2.000

2.300

2005 2006 Q1

1.242

1.484

-15050

250450650850

1.0501.2501.4501.6501.850

2005 2006 Q1

67,2%60,7%

32,8 %39,3 %

2005 2006 Q1

Total Loans (YTL Million) Currency Breakdown of Cash Loans

726804

0100200300400500600700800900

2005 2006 Q1

YTL Loans (YTL Million) FC Loans (YTL Million)

% 19,5

% 8,0

% -9,7

“Foreign currency indexed” loans are included in FC loans

YTL YTL

FCFC

3.912

4.064

3.800

3.850

3.900

3.950

4.000

4.050

4.100

31.12.2005 31.03.2006

4 %

3,00%

82,0 %83,6 %

13,6 % 15,0 %

2,8%

2005 2006 Q1

Letter of Guarantee Letter of Credit Other

Breakdown of Contingencies and Commitments

Contingencies and CommitmentsTotal of Contingencies and Commitments (YTL Million)

Foreign Trade Volume

183

319

664

472

285

205

0

100

200

300

400

500

600

700

2005 Q1 2006 Q1

Import Export Letter of Credit

(Million $)

860

1.26847,4 %

Growing Customer Funds

2.117

2.208

2.0602.0802.1002.1202.1402.1602.1802.2002.220

2005 2006 Q1

1.3901.276

500600700800900

1.0001.1001.2001.3001.4001.500

2005 2006 Q1

60,3% 63,0%

37,0 %39,7%

2005 2006 Q1

Total Deposits (YTL Million) Total Currency Composition of Deposits

817841

500560620680740800860

2005 2006 Q1

% 8,9

% 4,3

% -2,7

YTL Deposits (YTL Million) FC Deposits (YTL Million)

YTL YTL

FC FC

Capital Adequacy – At Comfort Levels

2.284

296

0

500

1.000

1.500

2.000

2.500

2005

RWA & Market Risk Capital Base

RWA + Market Risk, Equity Base, and CAR

ØAsya Bank’s capital adequacy ratio stood at 12.7% as of Q1 2006, well within the comfort zone

13,0 % CAR 2.514

319

0

500

1.000

1.500

2.000

2.500

3.000

2006 Q1

RWA & Market Risk Capital Base

12,7 % CAR

(Million YTL) (Million YTL)

Continuous Stream of Innovative Offerings

Number of Credit CardsCredit Cards Transaction Volume

(Thousand YTL)

Number of POS Business MembersPOS Transaction Volume

(Thousand YTL)

Mar.05 Mar.06

59,8 %

Mar.05 Mar.06

104,6 %

Thank You