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Alpaslan Yurdagül AGM

Alpaslan Yurdagül AGM. IFC 34 th Annual Meeting March 11, 2014. Bank Audi in a nutshell…. Bank Audi is the largest bank in Lebanon . Asset size is $ 36 billion as of 2013YE Deposits reached to $ 31 billion SHE is $ 2,7 billion

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Alpaslan Yurdagül AGM

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  1. Alpaslan YurdagülAGM IFC 34thAnnual Meeting March 11, 2014

  2. Bank Audi in a nutshell… • Bank Audi is thelargest bank in Lebanon. • Asset size is $ 36 billion as of 2013YE • Depositsreachedto $ 31 billion • SHE is $ 2,7 billion • Bank Audi operates in 13 countriesthrough12banksand3financialinstitutions • Historic presence in Europe MENA Lebanon

  3. Bank Audi in a nutshell… Loans • Turkeyranks2ndafterLebanonamong BASAL subsidiaries in terms of loanvolume. • Theshare of Turkey in total consolidated SHE is 25% as of 2013YE $ mn Contributionby Business Linesto Total Revenue

  4. Bank Audi is positionedin the inner circle of major regional players in MENA • Bank Audi is aiming50% of itsearningsfromabroad 2015 onward • Turkeyexpansion plan is a crucialpart of thisimportantstrategy • Next step is IraqwhichcomplimentsTurkey’sexpansion plan

  5. WhyTurkey?

  6. Householddebt/GDP EncouragingScale MENA and Turkey becoming closer trade partners… • Turkey is the16thlargesteconomyandthe1st largesteconomy in MENA. Its GDP grewby3times in last 10 yearsto$ 820 billion. • Owing it to subdued economic activity in EU, Turkey’s trade with MENA region is expanding rapidly • Theaverageage is 30 yearsold as of 2012. Itwill be 34 yearsold in 2023, thatshowsthecapacity in domesticdemand. • Turkey is still underbanked; despite double digit growth the bankingsystem offers attractive penetration opportunities. • Turkish banking system is one of the most profitable, robust and well monitored sectors in the worldwith a ROE of 14%

  7. BankingSector in brief Loansbytype Currently 49 banksoperate in Turkey; 45 conventionaland 4 participationbanks. 3 banksarestateowned. Q4 2013 A briefoutlook of theTurkishbankingsector as of 28 Feb 2014; • Total Assets/GDP : 114% • Loans/ Deposits : 109% • NPL : 2.75% • CAR* : 15.3% • ROA* : 1.6% • ROE* : 14.2% • *As of 31.12.2013 • Total Assets : TRY 1.7 trillion • Total Loans : TRY 1.08 trillion • Total Deposits : TRY 1.02 trilion • ShareholdersEquity : TRY 193 billion • Securities Portfolio : TRY 290 billion

  8. Challenges • Dependency on externalfinance • StructuralCurrentaccountdeficitmainlyduetoenergybill; whichneedsto be financedby FDI • High entrybarriersforTurkishbankingsystem; Bank Audi is thefirst bank after 12 yearsovercomedthesebarriers TradeDeficit Savings/GDP

  9. Story of Odeabank

  10. First bankinglicenseafter 12 years • WITH AN AMBITION TO BE IN TOP 10 BANKS • FULL-FLEDGEDbanking • Strongcommitment of SHAREHOLDER • ExperiencedandmotivatedTEAM • HIGHTECHsupportedinfrastructure • StrongBRANDING • EFFICIENCY OdeabankShareholder Structure

  11. Branch Network • 41branches in 13cities • 1200 staff • Thereare 4 types of branchesunderbranch network model; • Corporateand Commercial Centers;5 • Commercial Centers; 2 • SME/Retail; 15 • Retail only;13 • Instorebranches; 6 Direct BankingChannels Internet Banking Self Service SMS Banking Social Media Contact Center Mobile Banking Applications ATM

  12. Total Assets AssetComposition 41% 117% 117% Strongaccumulation of loansenhancedassetbuildingwhichwillallowsustainableinterestincomefromloanbookgoingforward.

  13. Strongequitybase Odeabank is wellcapitalized 2013YE • Odeabank has a strongcoreequity • Equitybase as of December 2013 is $ 1.1 billion • $800millionpaid-in capital • $300millionsubordinatedloan

  14. Healthyanddiversifiedloangrowth LoanbreakdownbySegment LoanbreakdownbySector Loan/Assets: 70% Loanportfoliobycurrency Sector Loan/staff:TRY 4,8 mn Loan/branch: TRY 87 mn Odeabank Loan/staff: TRY 9,4 mn Loan/branch: TRY 365 mn

  15. Strongdepositaccumulation Sector; 114% Loans/Deposits is 91% DepositbySegment Liabilitybreakdown Currencybreakdown Maturity Profile Sector Deposit/staff: TRY 4,4 mn Deposit/branch: TRY 79 mn Odeabank Deposit/staff: TRY 10 mn Deposit/branch: TRY 399 mn

  16. IncomeBreakdown • Healthyincomegenerationvia; • Increasinginterestincomefromloanbook; • 85%of income is viaclientdrivenlendingactivities • Around10% is generatedfromfee&commissionincomeanditsdeveloppingstrongly InterestIncomeBreakdown 16 *estimated

  17. 2015 2017 • Odeabank has starteditsoperationranking49thlargest bank in October 2012, • TODAY, the Bank is 14thlargestbanks in terms of asset size and10thlargest bank in terms of coreequity. • Morethan50,000 customers • Ourambition is to be in top 10banks

  18. Thankyou…

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