Executive Summary H1 23 Results

NIMs within guidance range on collective impact of rate rises, loan & deposit mix and Turkish operating environment Net Interest Margin (%) Quarterly NIM YTD NIM Key Highlights 4.40 4.05 3.96 • 4.05 H1-23 NIM up 110 bps y-o-y due to improved loan & deposit mix and higher interest rates 3.87 3.57 3.09 3.43 2.60 3.10 2.89 2.86 • 2.65 2.53 2.60 1.75% 0.25% 0.25% 0.50% 1.75% 3.25% 4.50% Fed Funds Upper Bound 5.00% 5.25% Q2-23 NIM down 18 bps q-o-q on DenizBank NIM contraction as expected (regulatory impact and increased interest rates), partially offset by higher ENBD margins (improved business mix and higher interest rates) Guidance maintained at 3.8-4.0% on collective impact of rate rises, loan & deposit mix and Turkish operating environment 2019 2020 2021 Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 Q2-23 NIM drivers H1-23 vs H1-22 (%) NIM drivers Q2-23 vs Q1-23 (%) 2.86 3.44 (1.03) (0.79) (0.53) 3.96 0.28 4.05 3.87 (0.24) (0.05) (0.17) H1-22 Loan Yield Deposit Cost Treasury & Other DenizBank H1-23 Q1-23 Loan Yield Deposit Cost Treasury & Other DenizBank Q2-23 19

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