Yapı Kredi Investor Presentation

Consistently strong fee & commission growth driven byleading positions in credit cards, asset managementand non-cash loansFees & Commission Income(mln YTL)PaidNet9M06N 185 629 8149M075%193 72615% 13%Net Fees & Commissions/ Total Revenues (1)30% 30%9M06N32% 27%3Q06N 1Q07Received91929%2Q07ANet Fees & Commissions/ Opex (1)46% 49%9M06NCumulativeCumulative9M07A9M0744% 45%2Q06N 1Q07QuarterlyQuarterly47%2Q07A34%3Q07A56%3Q07AComposition ofFees & Commission ReceivedAsset Mng.10%(3)Other 25%CreditCards 51%CC Fee and CommissionCashWithdrawal12%Other 1%Interchange38%Cash Loans4%Non CashLoans 11%Overlimit11%Annual Fee12%Merchant 26%• 15% YoY growth in fee andcommission income (15%QoQ)• Healthy composition of feeand commission incomederived from leadingpositions in credit cards,asset management andnon-cash loans• 51% of total fee andcommission incomegenerated by credit cards• Further room fordiversification andexpansion in fee incomedue to cash-loan growthpotential• Contribution of fee &commission income to totalrevenues at 30% (1)• Fees & commissions cover112% of HR related costs (2)(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) Including HR-related Non-HR costs25(3) Includes fees and comms. from banking transactions such as money transfers, background enquiry fees for loan applications, insurance etc.