distinguis h ed profit a ble resi l ient ris k ......brsa bank only 2015 earnings presentation...

BRSA Bank Only

2015 Earnings Presentation

DISTINGUISPROFIT

RESIRIS

RELIASUST

NATIOMAR

HALKBANK

EDBLEIENTCONSCIOUSLEINABLEWIDEETMAKER

Macro Outlook

> The Fed decided to raise its target fund rate by 25 bps as widely expected, putting an end to seven years of most accomodative monetary policy.

> The volatility in financial markets is expected to weigh on FED’s policy path for the following rate hikes in terms of how fast they will take place.

> US economy expanded 2.4% in 2015, consumer spending proved to be holding up well.

> Having finished 2015 at 2.3% level, UST 10Y yield came down to 1.8% – 1.9% area on the signals from FED marking they may not rush into series of rate hikes this year.

> Chinese economic growth has been trending downward since 2012, making structural problems within the economy more visible both from a domestic and a global perspective.

> ECB left all policy rates unchanged at January meeting among expectations of further policy easing, however overall dovish tone in the communication bolsters fresh easing expectations.

> Lifted sanctions enabling Iran to attract business and investment opportunities globally.

> Brent oil price has edged down further to low USD 30s as oversupply concerns coupled with slowing global economy have continued to take toll on the oil market.

> Turkish economy grew 4.0% in Q315 and expected to end 2015 at 4.0% according to the revised MTP.

> CBRT has kept its set of interest rates unchanged and effective cost of funding at around 9.0%.

> CPI ended the year at 8.8% as currency pass through and food prices could not be cooled down whole year. Jan-16 CPI also rose over estimates on food inflation despite sharp decline in global food prices.

> 2015 trade deficit down by 25% thanks to the declining imports backed by oil prices.

> 12-month rolling CAD down to USD 32.2 bn as of Dec-15, cheaper energy prices and improving trade deficit stood out as major factors.

> Nov-15 unemployment rate materialized at 10.5%.

> Revised medium term program was announced:

Rev. MTP 2016 - 2018 2015 2016 2017 2018

GDP Growth 4.0% 4.5% 5.0% 5.0%

CPI 8.8% 7.5% 6.0% 5.0%

CAD / GDP -4.4% -3.9% -3.7% -3.5%

Unemployment 10.2% 10.2% 9.9% 9.6%

Total Saving / GDP 15.6% 16.5% 17.2% 17.8%

1Financial Institutions and Investor Relations www.halkbank.com.tr


Banking Sector Overview

> Total loan growth at 19.7% YoY, reaching TRY 1,485 bn. TRY loan book up 15.0% whereas FX loans rose by 4.0% in USD terms.

> Retail loans grew by 8.8% YoY, mainly driven by 14.1% increase in housing loans. Credit card loans up by 9.4% YoY.

> Yearly deposit growth slightly lagged that of loans, up 18.3%, translating into a volume of TRY 1,245 bn. TRY deposits showed 8.2% increase whereas FX deposit growth was 7.4% in adjusted terms.

> Blended L/D somewhat up to 119.2%. TRY L/D icreased up to 141.6% whereas FX L/D down to 89.0%.

> NPL ratio slightly deteriorated by 25 bps to 3.1%, coverage ratio increased to 74.6%.

> Sectoral RoAE ended the year at 10.5%, down by almost 100 bps.

> Sectoral NIM remained flat despite increased cost of funding, banks partially managed to pass funding cost and CPI-Linked securities performed better on higher inflation.

> Trading item suffered from increasing swap costs and high level of interest rates.

> OpEx grew 15.0% YoY, revealing a prolonged negative impact from fee rebates and depreciating TRY.

> C/I ratio at 47.2 %, OpEx/Avg. Assets flat YoY at 2.3% > CAR and Tier-I remained solid at 15.6% and 13.2% despite

volatile currency and interest rate environment.> BRSA cut risk weightings of consumer loans and credit

card loans down to 75% as well as housing loans down to 35%. These changes will become effective as of end of March, along with those published in Nov-15, mainly referring to risk weighting of FX required reserves and exclusion of free provisions from CAR.

(a) Based on monthly and weekly BRSA data.



2015 Highlights

> Aggregate net income of TRY 2,315 mn, up by 5.0% from the previous year. Quarterly net income at TRY 648 mn

> Profitability metrics RoE and RoA, sustained above sector average at 12.9% and 1.3% respectively.

> Loan growth at 24.5%, also underpinned by TL depreciation.

> Sound asset quality, NPL ratio stands at 3.1%, no write-offs/sell-offs.

> CoR improved further to 73 bps, NPL coverage at 76.2%

> Net fees & commissions up 16.8%, reaching TRY 1,194 mn.

> Solid deposit base further expanded; up 17.8% YoY.

> L/D ratio at a quite comfortable level, 103.8%.

> CBRT repo effectively used, volume at TRY 8.4 bn.

> OpEx grew 16.8% YoY, excluding rebates, yearly growth would be at 13.8%.

> OpEx/Avg. Assets at 2.0%.

> Both CAR and Tier-I by far above regulatory thresholds; 13.8% and 13.1% respectively.



Net income up 5% YoY, closing at TRY 2,315 mn

RoA (%)YtD Quarterly

RoE (%)YtD Quarterly

Net Income (TRY million)

5.0%

2014 2015

2,3152,206

YoY Change (%)> 10.8% Net Interest Income> 16.8% Net Fees & Commissions > 10.9% Total Operating Income> 5.0% Net Income

46.7%47.9%

2014 Mar-15 Jun-15 Sep-15 2015

1.5

1.1

1.5

1.5

1.51.3

1.31.5

1.0

1.4

2014 Mar-15 Jun-15 Sep-15 2015

10.914.1

14.4

14.4

14.112.8

12.9

14.8 13.7

9.6

Q1-15 Q2-15

646 648

Q3-15 Q4-15

438584

Q4-14

442



YoY 20.8% QoQ -1.0%

Asset Growth82.9%

IEA

Total Asset Growth (TRY billion) Composition of IEAs(a)

20.8%34.1%

(a) Including interest accruals and excluding fund loans

Strong asset growth 20.8% YoY

Asset Mix (%)LoansSecurities

Cash & CBRTOther Assets

2015

Securities Portion 14.9%

187.7

2013

139.9

2014

155.4

4.3%

13.0%

17.2%

65.5%

20142013

62.4%

4.8%

14.3%

20.3%

60.6%

5.2%

12.4%

14.9%

67.5%

2015

FX

TRY

Leverage 9.9x

2013

81.3%

73.8%

26.2%

9.4x

82.5%

74.3%

25.7%

2014

9.7x

82.9%

2015

69.1%

30.9%



Interest Income on Securities (TRY million)

Total Securities / Total Assets (%)

Total Securities Yield (%)

Total Securities Portfolio (TRY billion)

Interest income backed by CPI-linked securities

From Other Securities

From CPI Linkers

Interest Structure (%)

Securities Composition (%)

CPI Linkers Yield (%)

AFS 40.2%

Trading0.1%

HTM59.8%

FX

TRY 22.2

5.7

80%

20%

27.9

Sep-15

22.1

5.8

79%

21%

27.9

2015

22.6

4.1

85%

15%

26.7

2014

25.2

3.2

88%

11%

28.4

2013

20.314.717.2 14.9

Q4-14

377

333

710

Q1-15

376

239

615

Q2-15

384

292

676

Q4-15

360

122

482

401

72

473

Fixed Rate53.8%

FRN46.2%

CPI-Linked (TRY 8.6 bn)30.9%

11.19.6

7.6 7.112.4 15.118.7

3.46.2

10.3

AFS MtM cumulativeloss under SHETRY 315 mn

Q3-15



(a) Excluding interest accruals (b) BRSA monthly data as of 31.12.2015 (c) According to the BRSA definition

Loan growth 25.2% YoY(TRY billion)(a)

Commercial Loans YoY 53.3%QoQ 5.1%

Corporate Loans YoY 42.3%QoQ -0.4%

Retail Loans YoY 7.3%QoQ 0.4%

Retail Loans YoY 7.3%QoQ 0.4%

SME Loans(c) YoY 23.3%QoQ -0.1%

in USD terms

FX Loans

TRY Loans

YoY

4.0%QoQ

0.3%

YoY

14.1%QoQ

3.2%

B. Sector(b)

YoY

31.1%QoQ

-3.0%

HALKBANKYoY

43.9% QoQ

-0.3%

B. Sector(b)

YoY

15.0%QoQ

1.7%

HALKBANKYoY

18.1% QoQ

0.6%

B. Sector(b)

YoY

19.7%QoQ

0.2%

HALKBANKYoY

25.2%QoQ

0.3%

Total Loans

25.2%

Market Share % (b)8.4

2015

48.3

0.3

10.2

124.2

37.8

27.6

2013

30.7

1.15.8

83.4

22.3

23.5

8.0 8.4

Sep-15

48.3

0.3

9.7

123.8

37.9

27.5

0.3%

8.0

2014

39.2

1.2

6.7

99.2

26.5

25.7



Low exposure in volatile sectors

Loans by Currency (%)(a)

Retail Loans by Types (%)(a)

Loans by Customer Segmentation (%)(a)

Sectoral Breakdown of Loans (%)(a)

Manufacturing 19%

Construction 3%

Renting & Business Activities 11%

Transport & Communication 8%Food & Beverage 3%

Financial Institutions 2%Metal Industry 1%

Textile 3%Other 7% Tourism 4%

Retail 22%

Trade 17%

(a) Excluding interest accruals (b) Micro SMEs

SME 5.4% Commercial 3.2%

Corporate 22.9%

TRY 68.5%

FX31.5%

Housing 44%

Credit Cards 11%

Auto 1%

Pensioners 34%

Consumer 44%

Payroll 36%

SME 39%

Commercial 9%

Corporate 30%

Cooperative 13%(b)

Retail 22%



Credit Cards YoY 5.9%QoQ 0.4%Share in total 11.1%

Consumer LoansYoY -2.1%QoQ -1.6%Share in total 43.9%

Consumer LoansYoY -2.1%QoQ -1.6%Share in total 43.9%

Housing Loans YoY 18.6%QoQ 2.4%Share in total 44.4%

YoY

7.3%QoQ

0.4%

HALKBANK

YoY

8.8%QoQ

1.3%

B. SECTOR(b)

(a) Excluding interest accruals(b) BRSA monthly data as of 31.12.2015

Retail Loans Market Share %

Consumer Loans Market Share %

Housing Loans Market Share %

Credit Card Loans Market Share %

8.2

8.3

7.0

3.3

2014

2.9

10.3

12.4

25.7

8.2

8.9

6.8

2.8

2013

2.6

9.1

11.6

23.5

Retail loan growth backed by housing loan growth, 18.6% YoY(TRY billion)(a)

8.5

7.8

6.9

3.2

2015

3.0

12.2

12.1

27.6

8.5

7.9

6.9

3.3

Sep-15

3.0

12.0

12.3

27.5

7.3%0.4%

Credit Cards (Thousand)# of Credit Cards 3,794# of POS 282# of Merchants 278



Sound asset quality, stable NPL coverage

NPL Portfolio (TRY million)

Loans under Close Watch (TRY million)

(a) BRSA monthly data as of 31.12.2015 (b) Adjusted with one-off big ticket loan.

Loans under Close Watch/Net Loans (%)

NPL Coverage (%)

NPL/Total Loans (%)

Sep-15

3,871

2014

3,700

2013

2,245

2013 2014 Sep-15 2015

2,304

2014

1,574

Sep-15

2,489

20152013

2013

80.6

2014

65.2

Sep-15

76.1

2015

76.2

Halkbank Sector(a)

2.8 2.9

2.9 3.1

2.6 2.5

2.2 2.3(b)

3.6

3.0 3.1

2015

3,974

3,4552.7

1.6 2.02.7



SME Loans (%)(a) Credit Cards (%)(a)

Consumer Loans (%)(a)Corporate - Commercial (%)(a)

NPL ratio by segmentsHalkbank NPL Sector NPL (a)

2014 Mar-15 Jun-15 Sep-15

Jun-15

Jun-15

(a) BRSA monthly data as of Dec-15, Halkbank data excluding legacy NPLs (b) Adjusted with one-off big ticket corporate loan.

2.2 2.0

1.9 1.9 1.9

2.0 2.0 2.2 2.3 2.5

6.2 6.5

5.1 4.9

4.0 3.7 3.8

3.3 3.4 3.53.8 3.9

4.0 4.2

4.8 5.35.6

2.2 2.1 2.0 1.8 2.0

6.2

7.3 7.4 7.47.1

7.0

2.0 1.9 1.6 1.6(b) 1.5

2014 Mar-15 Sep-15

2014 Mar-15 Sep-15

2015

2015 Jun-152014 Mar-15 Sep-15

2015

2015

7.17.3



(a) Specific provisions/Average Net Loans (b) General Provisions of Cash Loans/Average Cash Loans

CoR reflecting high asset quality at 73 bps

Cost of Risk by Segments (bps)(a)

(TRY million) (bps)

Net Cost of Risk

Cost of Risk (bps)(a)

YtD Quarterly

Provision Reversals

Specific Provisions

(Specific Provisions-Provision Reversals)/Average Loans (bps)

Gross Cost of Risk (bps)Specific Provisions

Q1-15 Q2-15

Commercial TotalCorporateRetailSME

135

(86)

Q3-15

116

307

(67)

465

(60)

Q4-14

General Provisions (b)

Q1-15

Mar-152014 Jun-15 Sep-15 2015

Q4-14

150

123

6273

126

75

40

123

165

38 40

52 84

94111

52

27

83

52

31

Q3-15

74

38

36

96

19

14425 26

165

(68)

97

Q2-15 Q4-15

38

40

(2)(39)

Q4-15

128

(46)

73



2013 Sep-15 20152014

(a) Including interest accruals and excluding funds. Excluding demand deposit, the share of IBL is 75.9% in 2015.

TRY L/D improving to 109.4%

(b) BRSA monthly data as of Dec-15.

Liabilities Mix (%)DepositsFunds BorrowedInterbank Money Market

MarketableSecurities IssuedShareholders’ EquityOther Liabilities

85.2%(a)IBL

Loan to Deposit (%)Halkbank L/D Sector L/D(b)

TRY L/D FX L/D

Composition of IBLs(a)

> Share of non-deposit short term FX borrowings in Total Liabilities 5.7%

FX

TRY

2015

56.2%

43.8%

85.2%

Sep-15

54.3%

45.7%

86.0%

2014

84.4%

61.6%

38.4%

2013 Sep-15 20152014

84.2

98.1102.9

110.7 117.9 116.8

92.1

106.0113.3

69.7

81.685.6

103.8

119.2

109.4

93.1

2013

56.8%

43.2%

85.3%

2013

72.0%

4.6%

9.7%

10.1%

2014

66.7%

8.1%

10.6%

5.2%

5.4%4.0%

Sep-15

64.8%

11.1%

9.6%

4.6%

5.1%4.8%

2015

65.1%

10.8%

10.3%

4.6%

4.5%4.7%0.6%

3.0%



(a) Excluding interest accruals. (b) BRSA monthly data as of 31.12.2015

Total Deposits (TRY billion)(a)

TRY Deposits (TRY billion)(a)

FX Deposits (TRY billion)(a)

Other Inst. DepositsInterbankPublic Sector

8.2%1.7%

B. Sector(b)

YoY QoQ

TRY Dep.

HALKBANK 13.7%4.1%

YoY QoQ

Total Dep. 18.3% -1.9%

B. Sector(b)HALKBANK 17.8% -0.6%

B. Sector(b)HALKBANK YoY QoQYoY QoQ

35.4%-6.3%

26.2%-8.4%

FX Dep.

7.4 %-3.0%

0.1%-5.2%

in USD terms

CommercialSavings

Market Share(b) % 9.8

103.3

2014

10.6

100.4

2013

121.7

2015

9.8

122.4

Sep-15

9.6

USD bn

10.9

2013

64.9

46%

30%

14%

5%6%

10.5

2014

69.8

43%

26%

13%

4%

14%

TRY deposits market share up 60 bps YoY

16.7

10.1

35.5

2013

14.6

8.6

33.6

2014

14.6

42.4

2015

8.0

15.4

46.2

Sep-15

8.2

2015

79.3

44%

30%

13%

3%

9%

11.1

Sep-15

76.2

45%

28%

14%

3%

10%

10.8



17.4

2015

17.1

Sep-15

Demand Deposits (TRY billion)(a) Time Deposits (TRY billion)(a) Deposits by Currency (%)

Cost of TRY Deposits (%)(b)

Time Deposits/Total Deposits (%)

(a) Excluding interest accruals and interbank. (b) Time & Demand Blended.

Effectively managed deposit growth

TRY65%

FX 35%

Demand Deposits/Total Deposits (%)

6.7%

15.3

2013 2014

16.3

75.3

Sep-14 2015

89.9

Jun-15

88.6

2014

70.0

28.3%1.4%

6.9 7.3

Q4-14

1.4%

83.1% 81.1% 16.9% 18.9%

16.2% 16.2%

83.8% 83.8%

Q1-15

7.6

Q2-15

8.1

Q3-15

8.7

Q4-15



(a) TRY-FX blended (b) Excluding fund loans.

Cost of Deposits (%)

Yield on Securities (%)

Spreads (%)

Cost - Yield - Spread(a)

9.9

Q4-14

10.0

Q1-15

9.8

Q2-15

Yield on Loans (%)(b)

On Loans On Securities

Q4-14

5.0

Q1-15

5.3

Q2-15

5.4

10.0

Q3-15

Q3-15

5.5

10.0

Q4-15

Q4-15

6.0

9.0

Q4-14

7.3

Q1-15

6.8

Q3-15

10.5

Q2-15

9.7

Q4-15

Q4-14 Q1-15 Q2-15 Q3-15 Q4-15

4.1

5.2

2.0 1.23.7

4.9 4.74.4 4.4 4.0



Q4-14

2,984

1,414

(1,570)

Q2-15

3,398

1,520

(1,878)

Q3-15

3,466

1,378

(2,088)

Q4-15

3,792

1,481

(2,310)

Q1-15

3,001

1,283

(1,718)

NII up 10.8% YoY

NIM (%)Quarterly

Interest Income (TRY million)On SecuritiesOn Loans YtD

Net Interest Income (TRY million)

83% on Loans

17% on Securities

Q4-14

2,3632,510

2,6792,976 3,092

615 710

482 473676

Q1-15 Q2-15 Q3-15 Q4-15 2014 Mar-15 Jun-15 Sep-15 2015

4.0

4.0 4.0 3.9 4.2

4.5 4.4

3.6

4.2

4.7%Interest Income Interest Expenses

7.5%

3.8

Breakdown of Interest Income (%)

2015

5,6635,112

2014

10.8%

13,657

(7,994)

11,451

(6,340)

1 17Financial Institutions and Investor Relations www.halkbank.com.tr


Net Fees & Commissions Income (TRY million)

Breakdown of Fees & Commissions (%)

Net fees&commissions income up 16.8% YoY

Payment Systems 43%

Insurance 8%

Non-Cash Loans 18%

Expertise&Enquiry 8%

Retail Banking 5%

Other 6% Corporate 11%

Asset Management 1%

Q3-15

271

Q4-14

303

Q1-15

323

Q2-15 Q4-15

308292

Net Fees & Commissions / Operating Revenues (%)

2013

13.7

2014

15.2

Sep-15

15.6

2015

16.0

1.7%

2014

1,023

2015

1,194

16.8%13.6%



Cost/Income (%) Breakdown of Operating Expenses (%)

OpEx / Average Assets stable at 2.0%

Operating Expenses (TRY million) Operating Expenses / Average Assets (%)

2.1

2013

2.0

2015

2.0

2014

2014

44.4

Mar-15

44.3

Jun-15

41.2

Sep-15

45.6

2015

46.8

2015

3,489

2014

14.0% 16.8% (13.8% adj.)(a) 1.0%

(a) Excluding rebates in commissions

2,987109

214(a)904

2015

41

895

Q3-15

57

Depreciation 4%SDIF Premiums 5%

Communication 2%

PersonnelExpenses 44%

Advertisement Exp. 3%

Rental 5%

Other 15%

Banking Services 10%

Tax 4% Rebates 6%

Indemnity Provisions 2%

890

Q2-15

61800

Q1-15

56

793

Q4-14

43



Solvency Ratios

CAR (%)

16.5

2014

17.0

Mar-15

18.2

Sep-15

18.0

Jun-15

19.4

2015

Basel III(TRY mn) 2015

Credit Risk Base Amount (CRBA) 131,632

Market Risk Base Amount (MRBA) 5,105

Operational Risk Base Amount (ORBA) 10,978

Total Risk Weighted Assets (RWAs) 147,716

Shareholders’ Equity 20,429

CAR (%) 13.8

Tier-I (%) 13.1

Common Equity Tier-I (%) 13.2

Details on Capital Ratio

2014

12.9

13.6

Mar-15

13.0

13.3

12.9

13.5

Jun-15

12.2

13.0

Sep-15

13.1

13.8

2015

CARTier-I

SHE (TRY billion)BRSA has introduced following major changes on capital adequacy calculation methodology becoming effective as of end of Mar-16: · FX required reserves held with CBRT will be subject to 50% risk weighting · Free provisions will be excluded from CAR calculation · Risk weighting of credit card loans and consumer loans will be cut down to 75% (previously 150%-250%) · Risk weighting of housing loans will be down to 35% from 50%.Total impact from all the regulatory changes is expected to be neutral.

17.5%



HeadcountBranches(a)

(a) Including domestic branches and special transaction centers.

Branch Network - Human Resources

Utilization of Banking Distribution Channels (%)Loans and Deposits per Branches (TRY million)Automatic

Payment 7%

Branch 12%

MobileBanking 3%

Internet Banking 23%

Call Center 7%

ATM 48%

17,314

2014

17,195

Sep-15

14,798

2013

17,104

20152013

872

2014

895

2013 2014 Sep-15 2015

# ofATMs

2,961 3,388

Loans/Branches Deposits/Branches

97.3

132.0129.4

135.8 134.3

113.7

115.5

Sep-15

931

3,551

2015

9443,585

> 49 new branches opened in 2015.> Total branch number reached 944.

115.9



(a) Reserve deposits monitored in balance with Central Bank(b) Including interest accruals

Balance Sheet

Cash and Balances Held with the Central Bank(a)

Banks & Money Market(b)

Securities(b)

Net Loans(b)

Gross NPL NPL NetProperty and EquipmentOther AssetsTotal AssetsDeposits(b)

Funds Borrowed(b)

Interbank Money Market(b)

Marketable Securities IssuedFundsOther LiabilitiesProvisionsShareholders’ EquityTotal Liabilities

2014 2015Sep-15QoQ

Change%YoY

Change%In TRY million

20,2761,284

26,741101,767

3,7001,2861,2394,116

155,423103,708

12,6308,4136,1721,7694,0782,117

16,536155,423

23,3252,513

27,908126,745

3,974946

2,1765,062

187,729122,146

20,2628,4108,9051,9644,4892,129

19,424187,729

23,5064,591

27,900126,450

3,871926

2,3334,907

189,686122,903

21,0769,7689,1071,8804,6082,152

18,192189,686

(0.8)(45.3)

-0.22.62.2

(6.7)3.2

(1.0)(0.6)(3.9)

(13.9)(2.2)

4.5(2.6)(1.1)

6.8(1.0)

1595.84.4

24.57.4

(26.4)75.623.020.817.860.4

-44.311.010.10.6

17.520.8

1595.84.4

24.57.4

(26.4)75.623.020.817.860.4

-44.311.010.10.6

17.520.8



Income Statement

Interest Income On Loans On SecuritiesInterest Expense On DepositsNet Interest IncomeNet Fees and CommissionsNet Trading IncomeOther Operating Income Reversal of Loan Loss ProvisionsTotal Operating RevenuesOperating ExpensesNet Operating IncomeProvision for Loan Losses and Other Receivables Loan Loss Provisions for Cash LoansProfit/(Losses) from AssociatesIncome Before TaxesProvision for TaxNet Income

2014

11,4518,7812,6526,3405,1975,1121,023

56531273

6,7222,9873,7341,161

876154

2,727521

2,206

13,65711,2582,3417,9946,3865,6631,194(262)

862231

7,4573,4893,9691,302

844189

2,856540

2,315

19.328.2

(11.7)26.122.910.816.8N/A

62.2(15.5)

10.916.86.3

12.2(3.6)22.64.73.65.0

2,9842,363

6151,5701,2801,414

303159967

1,831793

1,0384763078.0

570128442

3,0012,510

4821,7181,3941,283

32320

17886

1,805800

1,005255135

-750167584

3,0012,510

4821,7181,3941,283

32320

17886

1,805800

1,005255135

-750167584

3,3982,679

7101,8781,5011,520

292(48)52860

2,292890

1,403838465189753108646

3,4662,976

4732,0881,6591,378

271(143)

6339

1,569895674121116

-553115438

9.43.9

42.910.610.47.5

13.6N/A

48.316.614.21.0

31.7(26.9)

9.7N/A

44.431.147.9

27.130.89.9

47.243.14.71.7N/A

(6.2)(31.8)(2.2)14.0

(14.6)(81.5)(58.4)

N/A40.218.046.7

2015 Q4-14 Q1-15 Q2-15 Q3-15

3,7923,092

6762,3101,8321,481

308(91)

9346

1,791904887

88128

-799151648

Q4-15In TRY million

YoYChange

%

YoYChange

%

QoQChange

%



Halkbank 2016 Expectations

2016

Assets 16

Loans 16

TRY 14

FX 15

Corporate 20

SME 16

Retail 11

Deposits 17

NII 12

Net Fee and Com. Inc. 17

OpEx 15

Branch Openings (#) ~40

2016

RoE ~13

RoA ~1.3

Securities / Total Assets ~13

Loan / Deposit <105

NIM Flat

OpEx / Av. Assets ~2

Cost of Risk (bps) ~60

NPL 3.3

Coverage Ratio ~70

CAR ~14

2016

GDP Growth ~4

Headline CPI ~7

CAD / GDP <5

Budget Deficit / GDP ~1

Public Debt / GDP ~33

Growth Expectations (%) Key Ratios (%) Macro Expectations (%)



For further information please contact [email protected]

DISCLAIMERThe information contained in this presentation has been prepared by Türkiye Halk Bankası A.S. (the Bank) for informational purposes only. Although the information in this presentation has been obtained from sources which the Bank believes to be reliable, the Bank cannot guarantee that the information is without fault or entirely accurate. The information contained in this presentation has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, accuracy, completeness or correctness of the information or opinions contained herein. The information and opinions in this presentation are provided as at the date of this presentation and are subject to change without notice. Türkiye Halk Bankası A.S. does not accept any liability whatsoever (in negligence or otherwise) for any loss howsoever arising from any use of this presentation or otherwise arising in connection with this presentation. This presentation cannot be interpreted as an advice to anyone and is also strictly confidential and may not be reproduced, distributed or published for any purpose.

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