#1Alternatif Bank Investor Presentation March 2022 Alternatif Bank 65 Alternatif Bank Alternat subsidiary of The Commercial Bank - Qatar.#2Contents 55 65 Turkish Economy and Banking Sector 55 Corporate Profile 55 65 Shareholder 65 Our Vision & Mission and Strategy 65 Financial Highlights Alternatif Bank 65#3Turkish Economy and Banking Sector 810 360 470#4Macroeconomic Indicators Key Highlights GDP performed a strong performance in Q4 2021 with a %9.1 yoy realization, and took the yearly GDP growth level to 11%, for 2021. Growth momentum may get limited due to geopolitical and local risks and stay below potential levels. ■ Strong exports and rising tourism income kept CA deficit to GDP level at 1.9% by 2021 from 5.2% in 2020. Rising energy bill and effects of the geopolitical uncertainties may pose upside risks on CAD in 2022. Public Net Debt Stock as a percentage of GDP stood at 20.5% by the end of 2021. Additional borrowing requirements may arise depending on the global geopolitical risks. CPI finalized 2021 at 36.1% and continues to rise to 69.97% in the April of 2022, while PPI is as high as 121.8%. Now we expect CPI to rise up to 75% levels in May, due to the sticky pricing and ongoing risk factors. Headline will start to decline only by the very end of 2022, with base effects to 50-53%. CBRT is quite optimistic with its revised 2022 y/e CPI forecast of 42.8%. 2022 will be a period of tighter monetary policies in most of the Developed/Developing Economies, and now that the geopolitical risks are high, volatility may persist. GDP of Turkey (Current Prices, TL tn) Alternatif Bank 55 7,2 5,0 4,3 3,7 0,6 0,7 0,8 0,9 1,0 1,0 1,2 1,4 1,6 1,8 2,0 2,3 2,6 3,1 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Turkey Inflation (%) 110 CPI ཁྐྲ ཎྜ 8 ➢ ྂ ཞ 130 PPI 121,82 69,97 10 -10 2013 2014 2015 2016 2017 Public Debt Net Stock / GDP (%) 2018 2019 2020 2021 2022 49,1% 41,7% 34,0% 32,5% 29,5% 28,2% 27,3% 20,8% 19,2% 20,5% 15,3% 16,2% 13,5% 10,9% 8,9% 6,7% 8,2% 8,2% 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 Source: Turkish Statistical Institute (TUIK), OECD, Undersecreteriat of Treasury, Alternatif Bank Economist 4#55,2 Macroeconomic Indicators ▸ Turkish External Debt Redemptions 4,0 * ► Real Effective Exchange Rate 140 ■Financial Non-Financial Public 130 6,2 120 6,0 0,4 5,9 5,8 5,6 0,5 0,3 0,6 1,4 1,6 180 110 100 2,1 90 3,3 1,8 2,7 0,7 3,2 80 0,6 2,7 0,5 70 0,5 0,6 2,0 0,6 0,5 4,2 4,2 1,2 0,6 3,2 3,4 60 60 2,8 1,9 2,0 0,5 2,0 50 1,1 0,8 40 40 Mar-22 Apr-22 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 * Excluding commercial loans Source: Alternatif Bank Economic Research Unit Jan-94 Apr-95 96-Inf Oct-97 Jan-99 Apr-00 Jul-01 Oct-02 Jan-04 Apr-05 90-Inf Alternatif Bank Oct-07 Jan-09 Apr-10 Jul-11 Oct-12 Jan-14 Apr-15 Jul-16 Oct-17 Jan-19 Apr-20 Jul-21 Jan-22 52,9 47,9 5#6Macroeconomic Indicators ▸ Turkish External Debt Redemptions * 6,0 0,4 1,4 ► Real Effective Exchange Rate 140 ■Financial Non-Financial Public 130 6,2 120 5,8 5,9 5,6 0,5 110 0,3 0,6 100 1,6 2,1 90 3,3 1,8 3,2 0,5 2,7 0,5 0,6 2,0 0,5 4,2 4,2 1,2 0,6 3,2 3,4 80 88 70 60 2,0 0,5 20 2,0 50 1,1 0,8 40 40 May-22 Jun-22 Jul-22 Aug-22 Sep-22 Oct-22 Nov-22 Dec-22 * Excluding commercial loans Jan-94 Apr-95 Source: Alternatif Bank Economic Research Unit 96-Inг Oct-97 Jan-99 Apr-00 Jul-01 Oct-02 Jan-04 Apr-05 90-|որ Alternatif Bank Oct-07 Jan-09 Apr-10 Jul-11 Oct-12 Jan-14 Apr-15 Jul-16 Oct-17 Jan-19 Apr-20 Jul-21 Jan-22 57,05 6#7Alternatif Bank/69 Corporate Profile Alternatif Ban#8Brief History of Alternatif Bank Alternatif Bank November 1991 Established as a Joint Stock Company. 1996 Joined Anadolu Group. July 2013 The Commercial Bank became the majority shareholder of Alternatif Bank, with 70.84% ownership. 2016 <<New Generation Advisory Branch >> concept was launched in İzmir and İstanbul. 1991 -1992 1996 February 1992 Commenced operations. 2013 2016 September 2013 The Commercial Bank increased the shareholder's equity by 3.4%. December 2016 Became a 100% subsidiary of The Commercial Bank with the transfer of 25% of shares from Anadolu Endüstri Holding A.Ş. to The Commercial Bank. 8#9Brief History of Alternatif Bank Alternatif Bank 55 March 2018 As a representation of the synergy with The Commercial Bank, the Bank renewed its corporate image and decided to continue its activities under its legal name, Alternatif Bank. 2019 Received EBRD's Trade Facilitation Programme award and 4 Awards from 2019 Stevies International Business Awards. 2020 Company of the Year Gold. Award from 2020 Stevies IBA and Most Valuable Employer Bronze Award from Stevie Awards for Great Employers. June 2021 Received EBRD's Trade Facilitation Programme award for the 4th consecutive year. 2018 2018 Received EBRD's Trade Facilitation Programme award. 2019 September 2018 Bringing all of its employees and subsidiaries together under one roof, the Bank moved to its new head office at Vadistanbul. 2020 2021 June 2020 Received 3 awards as part of IFC's Global Trade Finance Program and EBRD's Trade Facilitation Programme. December 2021 Received IFC's Global Trade Finance Program award for the 2nd consecutive year 9#10Senior Management Kaan Gür Board Member and CEO Ayşe Gökay Akbulut Dede Gökhan Songül Hale Ökmen Ataklı Hamdi İlkay Levent Girgin Güven EVP, EVP, Credit Allocation EVP, EVP, EVP, EVP, Retail and Digital Banking Corporate and Business Banking Human Resources Financial Affairs and Planning Treasury and Financial Institutions Alternatif Bank 55#11Ratings Alternatif Bank's Ratings from MOODY'S Alternatif Bank Alternatif Bank's Ratings from Fitch Ratings of The Commercial Bank - Qatar Rating LT ST Outlook Rating LT ST Outlook Foreign Currency LT ST Outlook Foreign Foreign B2 NP Negative B B Negative MOODY'S A3 P-2 Stable Currency Deposit Currency IDR Local Local B1 NP Negative B+ B Currency Deposit Currency IDR Negative S&P Global BBB+ A-2 Stable National Aa1.tr TR-1 National (LT) AA (tur) Stable Fitch A F2 Stable ୮ Both Fitch and Moody's emphasize The Commercial Bank's strong support potential to Alternatif Bank. Source: Alternatif Bank and The Commercial Bank Rating Reports sourced from Moody's, S&P and Fitch 11#12Alternatif Bank at a Glance Total Asset Total Deposits 54.1 TL Billion 28.1 TL Billion Total Cash Loans 32.4 TL Billion Shareholder's Equity 2.9 TL Billion Net Profit 131.8 TL Million NPL, % 2.4% Alternatif Bank ROAE CAR CIR 19.0% 23.4% 35.4% Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations Alternatif Bank 55 12#13Alternatif Bank 69 ABank ihtiyaç Kredisi ile hayallerinizi ortelemeyin Anat Shareholder#14The Commercial Bank at a Glance Key Highlights ■ Established in 1975, and second largest conventional bank in Qatar by assets, net loans, customers' deposits and total equity. ■ Operates a network of 29 branches in Qatar and is present in Turkey, Oman and UAE through its subsidiaries and associates Alternatif Bank, National Bank of Oman ("NBO") and United Arab Bank ("UAB"). ■ Strong corporate relationships across public and private sectors. ■ Proven strength in retail banking, leading credit card provider. Total Assets 46.3 $ Billion Total Deposits 22.8 $ Billion Total Loans 26.5 $ Billion Total Equity 6.4 $ Billion Net Profit 190 $ Million Systemic importance to the Qatari banking sector given the Bank's scale. ROAE 11.6 % ■ Focus on sustainable controlled growth in its core business, proactive management of risk, liquidity and capital and continuing. improvement in the quality of its service to customers. CAR 18.1 % CIR 22.5 % Strong credit ratings; Moody's: A3, Fitch: A, S&P: BBB+ Note: As of 31 March 2022 Alternatif Bank 55 55 14#1580000 70000 85000 Our Vision & Mission and Strategy 24%#16Vision & Mission VISION To be the first choice in Turkey, as supported by the strength of The Commercial Bank. Advisory Bank MISSION Alternatif Bank 55 To create value for our customers on their road to growth with our Insightful Banking approach and Advisory Bankers. Insightful Banking OG ע K Я R Expert Team Added Value Service Excellence Solution Trustworthy Oriented Human Centered 16#17Our Strategy Creative Innovation Compliance Corporate Culture THE BASIC ELEMENTS OF OUR STRATEGY Customer Experience Capital Management Alternatif Bank 55 17#18Business Segments CORPORATE BANKING BUSINESS BANKING Alternatif Bank 55 RETAIL AFFLUENT & PRIVATE Serves the companies with annual turnover of TL 500 mn and above with the objective of managing; Companies with particular focus between TL 10 mn - TL 500 mn turnover with the objective of managing; - Cross-sell opportunities and diversified income generation capabilities to be pursued. ☐ Structured Finance/Working Capital Solutions Cash management/Payment services Trade Finance services Hedging solutions Leveraging client relationship with CB and Alliance Banks' synergies. The affluent banking segment serves individuals with a total AUM above TL 25K, while the threshold for private banking customers is TL 500K. Offers its customers an extensive range of products and services; High Yield Deposits ■ Wealth Management ■ Investment Advisory ■ Diners Club Credit Card Insurance Products and Digital Services 18#19Branch Network Alternatif Bank 55 An efficient network of 38 branches covering major industrialized regions of Turkey, where more than 85% of the GDP is generated. goo Well equipped branches servicing customers in all business segments. 2 branches in Istanbul and 1 branch in Ankara are specially designated as Corporate Branches. DE 88 Etiler branch in Istanbul predominantly focuses on Private Banking. TEKİRDAĞ (1) İSTANBUL (17) KOCAELİ (2) BURSA (1) MANİSA (1) İZMİR (3) ANKARA (3) ESKİŞEHİR (1) DENİZLİ (1) SAMSUN (1) TRABZON (1) KAYSERİ (1) MUĞLA (1) ADANA (1) ANTALYA (1) MERSİN (1) GAZİANTEP (1) 19#20Subsidiaries Alternatif Bank 55 We offer tailor-made solutions to serve our customers' investment and financing needs by means of Alternatif Lease and Alternatif Investment, our subsidiaries, which are the complementary elements of our banking services. Alternatif Lease Alternatif Investment Delivering alternative solutions for financing in order to increase equipment sales of sellers, distributors and dealers through its channel-specific sales teams. As of 31 March 2022, Alternatif Lease's net leasing receivables USD 139 million. Alternatif Investment, established in 1997, is one of the prominent institutions of its sector and serves as a Broadly Authorized Intermediary Institution, through successful investment counselling and portfolio management services provided to corporate and retail investors. 20#21Financial Highlights#22Key Financials Alternatif Bank 55 ► Total Assets (TL bn) Loans (TL bn) ► Net Profit (TL mn) ►Deposits (TL bn) 54.1 17.4 23.2 32.4 13.6 16.0 27.2 28.1 nill uill -** mill (41.3) Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 1Q21 4Q21 1Q22 Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations 22#23Balance Sheet Composition Asset Composition Liabilities Composition Alternatif Bank 55 50% 56% 55% 54% 52% 64% 63% 60% 60% 71% Loans & Leasing Rec Deposits Cash Funds Borrowed Securities 22% 16% 19% 19% Other 14% 14% 17% 17% 13% 13% -2% 4% 7% 5% Dec/18 Dec/19 Dec/20 Dec/21 4% Mar/22 Equity 37% 35% 37% 38% Other 30% 5% 7% 7% 5% 5% 6% 5% 3% Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations 23#24Loan Portfolio ► Loan Portfolio by Currency 47% 47% 59% 57% 54% Loan Porfolio by Segments (*) Alternatif Bank 55 1% 1% 1% 1% 1% 52% 51% 64% 63% 63% Retail Share of FX Loan Share of TL Loan 53% 53% 41% 43% 46% 47% 48% 35% 36% 36% Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations (*) Loan portfolio by segment based on MIS reports. Corporate Commercial 24#25Securities Portfolio Securities Portfolio by Currency Securities Portfolio by Types Alternatif Bank 55 1% 1% 1% 1% 68% 66% 86% 82% 85% 83% 80% 91% Trading FX 94% 99% TL HTM AFS 31% 33% 9% 14% 18% 15% 17% 19% 6% Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations 25#26Deposits Deposits by Currency Alternatif Bank 55 ▸ Deposits by Segments ➤ TL Demand Deposit / TL Deposit 34% 51% 47% 51% 44% 52% 47% 50% 53% 47% 4.09% 4.10% 3.70% 3.82% 3.83% 66% 49% 53% 49% 56% 48% 53% 50% 47% 53% Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 FX Deposit Share ITL Deposit Share Retail Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Corporate & Commercial Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations 26#27Capitalization ▸ Capital Ratios Shareholders' Equity (TL mn) 2,936 2,424 2,610 1,958 1,293 Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Alternatif Bank 55 16.3% 17.2% 17.8% 20.6% 23.4% 19.5% 22.3% 8.3% 9.5% 10.0% 7.2% 7.8% 8.1% 8.4% 9.6% Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 CAR Min. Requirement Tier 1 Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Min. Requirement Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Min. Requirement ICET1 27#28Efficiency Cost to Income Ratio Fee&Commission Income(*) ■Cash Loans 2.1% 3% 7% 11% 1.4% 1.4% 1.2% 1.2% ■ Non Cash Loans 54% ■Banking Services 20% 51% 46% 35% ■ Payment Systems 33% 35% ■ Other Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 24% CIR Cost to Assets ■Insurance Source: Based on consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations (*) Fee & Commission Income breakdown based on MIS reports. Alternatif Bank 55 ►Net Fee Income (TL mn) 20 26% 25 Mar/21 Mar/22 28#29Asset Quality NPL Ratio 4.1%4.0% 5.6% 5.2% 4.5% 4.2% 3.3% 2.3% COR Alternatif Bank 55 3.8% 3.8% 3.4% 3.5% 2.8% 3.0% 1.9% 1.9% 1.2% 1.3% 1.4% 0.9% Dec/20 Dec/21 Mar/22 Dec/18 Dec/19 Dec/20 Dec/21 Mar/22 Dec/18 Dec/19 Alternatif Bank Sector --Alternatif Bank 101 -Sector Source: Based on non-consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations 29#30Profitability ROAA 0.96% 1.01% 2.65% ROAE Alternatif Bank 55 31.26% 18.95% 10.04% -8.32% -0.53% Mar/21 Mar/22 Mar/21 Mar/22 Alternatif Bank Sector Alternatif Bank Sector Source: Based on non-consolidated financial statements as of 31 Mar 2022 in accordance with BRSA regulations 30#31Awards Alternatif Bank European Bank for Reconstruction and Development IFC MOST ACTIVE ISSUING BANK IN TURKEY (2018, 2019, 2020, 2021) International Finance Corporation WORLD BANK GROUP BEST TRADE OPERATIONS BANK PARTNER IN EUROPE AND CENTRAL ASIA (2020, 2021) BEST PARTNER BANK IN EUROPE AND CENTRAL ASIA (2020) THE STEVIES THE INTERNATIONAL BUSINESS AWARDS Alternatif Ban COMPANY OF THE YEAR - GOLD MOST VALUABLE COMPANY OF THE YEAR - BRONZE (2020) IDC Analyze the Future OMNI-CHANNEL BANKING APPLICATION AND DEVELOPMENT INFRASTRUCTURE SOFTWARE AWARD WITH "ALTERNEXT" (2018) ARC AWARDS INTERNATIONAL VISION LACP 2017- AWARDS 2017 ANNUAL REPORT SCORED 4 PRIZES INCLUDING GOLD WINNER (2017)#32Alternatif Alternatif Bank Bank 99 Alternatifbank A.Ş. Head Office Vadistanbul Bulvar, Ayazağa Mah. Azerbaycan Cad. No: 3M/1 2D Blok 34485 Sarıyer, İstanbul +90 444 00 55 +90 850 225 00 55 www.alternatifbank.com.tr A subsidiary of The Commercial Bank - Qatar. in f Alternatif Ban