Commercial Bank Financial Performance Report Q1 2022

Turkish Banking Sector Turkish Banking sector is gradually improving bottom line performance on quarterly basis in 2022. YoY net profit as of Feb 22 increased significantly thanks to improvement in NII (mainly CPI linkers and improving TL spread) and commission income. Q1 2022 Sector Highlights ⚫ TL deposit YtD growth of 31% and 8% shrink in FC deposits observed due to FX protected TL time deposit • • • Broadly asset size growing mainly through higher USD/TL parity and TL loan increase (corporate & commercial loan utilization contribution is essential factor, while limited growth in retail loans) Improving asset quality thanks to slightly increase in NPL volume (1%) through limited NPL inflow and collections Prudent solvency ratios well above regulatory minimum requirement • ROE gradually increased through 4Q 21 and 1Q 22 Turkish Banking Sector Key Figures (TRY bn) # of banks YoY Growth in Essential Products As of Mar 31, 2022 ■TL Commercial Loan Retail Deposit Non-Cash Loan 74% 54 61% 45% Total Asset Size * 8,104 38% Loan Volume Deposit Volume Source: BRSA Weekly Data and Alternatif bank-only data (*) as of Feb 22 4,649 5,324 Sector 62% 63% 64% 44% 41% NPL Ratio & COR NPL Ratio COR* 3.6% 4.1% 1.8% 0.8% Private Banks Alternatif Bank(**) Private Banks Alternatif Bank Private Banks Alternatif Bank (**) Alternatif Bank figures are based on MIS data by Mar-22 25 25 55

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