YapÄ± Kredi Investor Presentation

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Healthy revenue growth (+18% YoYA (2) ) and cost control(+8% YoYA (2) ) continuing(mln YTL)9M069M07 YoY %Total Revenues2,184 2,068 2,691 +23% +30%Net Interest Income 1,307 1,191 1,451 +11% +22%Non-Interest Income 877 877 1,240 +41% +41%o/w Fees & Comm.9M06NOperating Costs (1,362) (1,362) (1,737) +27% +27%HR costs (447) (447) (574) +28% +28%Non-HR costs (915) (915) (1,163) +27% +27%Core Non-HR (1) (576) (576) (845) +47% +47%Operating Income 822 705954+16%YoY %Normalized629 629726 +15% +15%+35%Provisions (267) (211) (186) -30% -12%Pre-tax Income 555 495768 +38% +55%Net Income 387 338632 +63% +87%+18%Total Revenues (2)+8%Operating Costs (2)+1%Core Non-HR(2)(1) Including depreciation and excluding HR related costs (such as management bonuses, ETB, and vacation rights ) and pension fund and bonus point provisions(2) Adjusted to exclude loan write-off effects mainly due to Superonline stake sale in 2Q07 and non-core fixed 16asset sale gain/loss in 3Q07. For a detailedexplanation, please see slide 47
Improved revenue mix with higher share of interestincome (+22% YoYN) and fees (+15% over 2Q)Composition of Revenues (mln YTL)Trading Inc.Dividend. Inc.Other Oper. Inc.30%2,0682%2%8%140%15%2,6913%1%15%27%2,4333% 2%5%30%Net Fees & Commissions (mln YTL)225.1 239.1210.5 211.313%15%275.2Net Fees &Commissions30%Net InterestIncome58%22%54%60%3Q06N 4Q06N 1Q07 2Q07 3Q0722% increase in3Q07 vs 3Q06N9M06N 9M07 9M07A• In 9M07, net interest income increased by 22% YoY and fees & commissions increased by 22% in 3Q07 vs.3Q06 (15% vs 2Q07), mainly driven by credit cards and asset management fees.• Higher share of fee income in total revenues vs the peer average and the sector(1) Adjusted to exclude loan write-off effects mainly due to Superonline stake sale in 2Q07 and non-core fixed asset sale gain/loss in 3Q07(2) Peers adjusted for one-off gains in 9M0717(1)
Page 5: Banking sector is yet underpenetrat
Page 8 and 9: Yapı Kredi at a glanceFINANCIAL HI
Page 10: Segment focused organisationDivisio
Page 13 and 14: 9M2007 Key Highlights:Another quart
Page 15: Increased commercial focus in the n
Page 19 and 20: Heavier weight of loans (+7 ppts vs
Page 21 and 22: Continuing positive trend in consum
Page 23 and 24: Completion of project to reconstruc
Page 25 and 26: Consistently strong fee & commissio
Page 27 and 28: Costs under control despite branch
Page 29 and 30: NPL ratio down to 6.6% (-0.2 ppt vs
Page 31 and 32: AgendaMacroeconomic & Banking Envir
Page 33 and 34: Accelerated branch openings expecte
Page 35 and 36: Further room for profitability in i
Page 37 and 38: 2007 IFRS Financial Guidance2007 Ba
Page 39 and 40: Further improvement in CAR driven b
Page 41 and 42: Target structure of KFS Restructuri
Page 43 and 44: Continued focus on diversification
Page 45 and 46: YKB - 3Q 2007 Summary P&L (BRSA Ban
Page 47 and 48: Explanation regarding major extraor
Page 49 and 50: …and a proven positive track reco
Page 51: For enquiries please contact:Yapı

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