(CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS AND LIMITED REVIEW REPORT ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I

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1 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS AND LIMITED REVIEW REPORT ORIGINALLY ISSUED IN TURKISH, SEE IN NOTE I. OF SECTION THREE) PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS AND RELATED DISCLOSURES TOGETHER WITH INDEPENDENT LIMITED REVIEW REPORT AT 31 MARCH 2018

2 E P! Güney Bağımsız Denetim ve Tel SMMM AŞ. Fax. +90 z:z Masla Mahal.es: Eski Buyukicre evccm Building a better Ca. ürin Mas.ak Paza Ne 27 working world Sarıyer Tıcaret Scıl No Istanoui - Türkiye INTERIM REVIEW REPORT ON INTERIM FINANCIAL INFORMATİON (Convenience translation of the independent auditor s report originaliy issued in Turkish, See Note 1. of Section three) To the Board of Directors of Burgan Bank Anonim Şirketi İntroduction We have reviewed the consolidated statement of fınancial position of Burgan Hank A.Ş. ( the Bank ) and its subsidiaries (to2ether wiil be referred as the Group ) at 31 Mareh 2018 and the related consolidated income staıement, consolidated sıatement of income and expense items under shareholders equity, consolidated statement of changes in shareholders equity, consolidated statement of cash flows anda summary of signifıcant accounting policies and other explanatory notes to the consolidated fınancial statements for the three-month period then ended. The Bank Management is responsible for the preparation and fair presentation of interim financial statements in accordance with the Regulation on Accounting Applications for Banks and Safeguarding of Documents published in the Official Gazette no dated 1 November 2006, and other regulations on accounting records of Banks published by Banking Regulation and Supervision Agency and circulars and interpretations published by Banking Regulation and Supervision Authority, (together referred as BRSA Accounting and Reporting Legislation ) and Turkish Accounting Standard 34 Interim Financial Reporting for those matters not regulated by BRSA Legislation. Our responsibility is to express a conclusion on these interim fınancial statements based on our review. Seope of Review We conducted our review in accordance with the Standard on Review Engagemenıs (SRE) 2410, Limited Review of Interim Financial lnformation Performed by the lndependent Auditor of the Entity. A review of interim fınancial information consists of making inquiries, primariiy of persons responsible for financial reporting process. and applying analytical and other review procedures. A review of interim fınancial information 15 substantially less in scope than an independent audit performed in accordance with the Independent Auditing Standards and the objective ofwhich is to express an opinion on the fınancial statements. Consequently, a review of the interim fınancial information does not provide assurance that the audit fırm wiil be aware of al! significant maners which would have been identitled in an audit. Accordingly, ve do not express an opinion. C onc!usioıı Based on our review, nothing has come to our attention that causes us to believe that the accompanying consolidated fınancial statements do not give a true view of the financial position of Burgan Bank A.Ş. and its subsidiaries nt 31 March 2018 and of the results of its operations and its cash flows for the three-month-period ıhen ended in ali material respects in accordance with the BRSA Accounting and Financial Reporting Legislation. Aır, Çim 04 Emsi 5 Ys.ıg GJcea Lrze

3 EY BuiIding a better warking world Report on other regıdatory requireneııts urisingfro,n legislation Based on our review, nothing has come to our anendon ıhat causes as to believe that the financial information provided in the accompanying intedm annual report in section seven, are not consistent with the consolidated financial statemerns and disclosures in ali material respects. ıl dditiona! paragraph for English traı,slaıion: As explained in detail in Note 1 of Section Three, the effects of differences between accounting principles and standnrds set out by regulations in conformity with BRSA Accounting and Reporting Legislation) and Turkish Accounting Standard 34 Interim Financial Reporting except for the matters regulated by BRSA Legislation, accounting principles generaliy accepted in countries in which the accompanying consolidated financial statements are to be distributed and international Financial Reporting Standards ( IFRS ) have not been quantifled in the accompanying consolidated fınancial statements. Accordingly, the accompanying consolidated fınancial statements are not intended to present the financial position, results of operations and changes in financial position and cash flows in accordance with the accounting principles generally accepted in such countries and [FRS. lobal Limited Mali Müşavirlik Anonim Şirketi 2018 A member firm of Em S Votjr,ç GIobdI Umited

4 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED THE CONSOLIDATED INTERIM FINANCIAL REPORT OF AS OF 31 MARCH 2018 Address : Maslak Mahallesi, Eski Büyükdere Caddesi, No: Sarıyer/İstanbul Telephone : Fax : Web site : bilgi@burgan.com.tr The consolidated three months financial report includes the following sections in accordance with the Communiqué on Financial Statements and Related Explanations and Notes that will be Publicly Announced as sanctioned by the Banking Regulation and Supervision Agency. Section One GENERAL INFORMATION ABOUT THE GROUP Section Two CONSOLIDATED FINANCIAL STATEMENTS OF THE GROUP Section Three EXPLANATIONS ON ACCOUNTING POLICIES Section Four INFORMATION RELATED TO FINANCIAL POSITION AND RISK MANAGEMENT OF THE GROUP Section Five EXPLANATIONS AND NOTES RELATED TO CONSOLIDATED FINANCIAL STATEMENTS Section Six EXPLANATIONS ON INDEPENDENT LIMITED REVIEW REPORT Section Seven EXPLANATIONS ON INTERIM ACTIVITY REPORT Investments in associates, subsidiaries and joint ventures whose financial statements have been consolidated in this reporting package are as follows: Subsidiaries Investment in Associates Joint Ventures 1. Burgan Finansal Kiralama A.Ş Burgan Yatırım Menkul Değerler A.Ş Burgan Wealth Limited - - The accompanying consolidated three months financial statements and notes to these financial statements which are expressed, unless otherwise stated, in thousands of Turkish Lira, have been prepared and presented based on the accounting books of the Bank in accordance with the Regulation on Accounting Applications for Banks and Safeguarding of Documents, Turkish Accounting Standards, Turkish Financial Reporting Standards, and related appendices and interpretations of these, and have been reviewed. 11 May 2018 Mehmet N. ERTEN Ali Murat DİNÇ Mehmet YALÇIN Ahmet CIĞA Chairman of the Board of Vice General Manager of Directors Finance Member of the Board of Directors and General Manager Head of Accounting, Tax, and Reporting Unit Halil CANTEKİN Adrian Alejandro GOSTUSKI Osama T. AL GHOUSSEIN Head of the Audit Committee Member of the Audit Committee Member of the Audit Committee Contact information of the personnel in charge of the addressing of questions about this financial report: Name-Surname / Title : Ahmet CIĞA / Head of Accounting Tax and Reporting Unit Telephone Number : Fax Number :

5 SECTION ONE GENERAL INFORMATION ABOUT THE GROUP PAGE I. Bank s foundation date, start-up statute, history about the changes in this mentioned statute... 3 II. Explanation about the Parent Bank s capital structure, shareholders of the Parent Bank who are in charge of the management and/or auditing of the Parent Bank directly or indirectly, changes in these matters (if any) and the group the Parent Bank belongs to... 4 III. Explanation on the board of directors, members of the audit committee, president and executive vice presidents, changes in these matters (if any) and shares of the Parent Bank they possess... 5 IV. Explanation on shareholders having control shares in the Parent Bank... 6 V. Information on the Parent Bank s service type and field of operations... 6 VI. Current or likely actual or legal barriers to immidiate transfer of equity or repayment of debts between the parent bank and its subsidiaries... 6 SECTION TWO CONSOLIDATED FINANCIAL STATEMENTS OF THE GROUP I. Consolidated balance sheet... 8 II. Consolidated off-balance sheet commitments III. Consolidated income statement IV. Consolidated statement of income and expense items accounted in equity V. Consolidated statement of changes in shareholders equity VI. Consolidated statement of cash flows SECTION THREE EXPLANATIONS ON ACCOUNTING POLICIES I. Basis of presentation II. Explanations on strategy of using financial instruments and foreign currency transactions III. Explanations on investments in associates, subsidiaries and joint ventures IV. Explanations on forward transactions, options and derivative instruments V. Explanations on interest income and expense VI. Explanations on fee and commission income and expense VII. Explanations on financial assets VIII. Explanations on expected credit losses IX. Explanations on offsetting financial assets X. Explanations on sales and repurchase agreements and securities lending transactions XI. Explanations on tangible assets held for resale, discontinued operations and liabilities regarding those assets XII. Explanations on goodwill and other intangible assets XIII. Explanations on property and equipment XIV. Explanations on leasing transactions XV. Explanations on provisions and contingent commitments XVI. Explanations on contingent assets XVII. Explanations on obligations related to employee rights XVIII. Explanations on taxation XIX. Explanations on borrowings XX. Explanations on issuance of share certificates XXI. Explanations on avalized drafts and acceptances XXII. Explanations on government grants XXIII. Explanations on profit reserves and profit distribution XXIV. Explanations on earnings per share XXV. Explanations on related parties XXVI. Explanations on cash and cash equivalents XXVII. Explanations on segment reporting XXVIII. Reclassifications XXIX. Disclosures of TFRS 9 financial instruments standard XXX. Explanations on prior period accounting policies not valid for the current period SECTION FOUR INFORMATION RELATED TO FINANCIAL POSITION AND RISK MANAGEMENT OF THE GROUP I. Explanations on consolidated equity II. Explanations on consolidated risk management III. Explanations on consolidated currency risk IV. Explanations on consolidated interest rate risk V. Explanations on consolidated share certificate position risk VI. Explanations on consolidated liquidity risk and consolidated liquidity coverage ratio VII. Explanations on consolidated leverage ratio VIII. Explanations on hedge transactions IX. Explanations on the activities carried out on behalf and account of other persons X. Explanations on operating segments SECTION FIVE EXPLANATIONS AND NOTES RELATED TO CONSOLIDATED FINANCIAL STATEMENTS I. Explanations and notes related to consolidated assets II. Explanations and notes related to consolidated liabilities III. Explanations and notes related to consolidated off-balance sheet accounts IV. Explanations and notes related to consolidated income statement V. Explanations and notes related to Group s risk group VI. Explanations and notes related to subsequent events SECTION SIX EXPLANATIONS ON THE INDEPENDENT LIMITED REVIEW REPORT I. Explanations on the independent limited review report II. Explanations and notes prepared by independent auditor SECTION SEVEN EXPLANATIONS ON INDEPENDENT AUDIT REPORT I. Evaluations for the operating period and expectations for the future by the chairman of the board of directors and the general manager

6 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED SECTION ONE GENERAL INFORMATION ABOUT THE GROUP I. PARENT BANK S FOUNDATION DATE, START-UP STATUTE, HISTORY ABOUT THE CHANGES IN THIS MENTIONED STATUTE: Tekfen Yatırım ve Finansman Bankası A.Ş. was established as an investment bank with the permission of the Council of Ministers No. 88/13253 on 26 August 1988 and authorised to conduct finance investment and foreign trade activities. Banking operations commenced on 7 August Bank Ekspres A.Ş. ( Bank Ekspres ) was established with the permission of the Council of Ministers in decision No. 91/2316 on 22 September 1991; The Decree of Establishment Permission was published in the Official Gazette numbered and dated 10 October The Articles of Association was published in the Trade Registry Gazette numbered 2969 and dated 18 February The Turkish Savings Deposit and Insurance Fund ( SDIF ) took over the management of Bank Ekspres A.Ş. due to the poor fiscal structure of the bank on 23 October According to the Share Transfer Agreement signed between the SDIF and Tekfen Holding A.Ş. on 30 June 2001, shares with a nominal value of Kr1 each and which amount to 99,46% of the capital of Bank Ekspres A.Ş. under the control of the SDIF in accordance with Banking Law were transferred to Tekfen Holding A.Ş.. Based on this agreement, the acquisition of Tekfen Yatırım ve Finansman Bankası A.Ş., where Tekfen Holding A.Ş. owns 57,69% of the Bank, by Bank Ekspres A.Ş. was permitted by the Banking Regulation and Supervision Agency s ( BRSA ) decision numbered 489 dated 18 October The share transfers were realised on 26 October 2001 and the bank s name was changed to Tekfenbank Anonim Şirketi (the Bank ), which had two main shareholders: Tekfen Holding A.Ş. with 57,30% and TST International S.A. with 40,62%. EFG Eurobank Ergasias S.A. ( Eurobank EFG ) and Tekfen Holding A.Ş. ( Tekfen Group ) signed an agreement as of 8 May 2006, that anticipated Eurobank EFG to purchase Tekfen Group s 70% share in Tekfenbank and Tekfen Leasing which is fully owned by Tekfenbank; where Tekfen Group retained its strategic partnership by keeping all remaining shares. On 23 February 2007, the sale of Tekfenbank A.Ş. to Eurobank EFG Holding (Luxembourg) S.A. ( Eurobank EFG Holding ) was approved by the BRSA and the sale was completed after the share transfer on 16 March Under the agreement regarding the sale of Eurobank Ergasias S.A. s Turkey operations to Burgan Bank K.P.S.C., 70% of the bank shares belonging to Eurobank EFH Holding (Luxemburg) S.A. and 29,26% of the shares belonging to Tekfen Holding A.Ş. are bought by Burgan Bank K.P.S.C. in 7 December 2012 in accordance with the Banking Regulation and Supervision Agency s authorization, and then 99,26% of the bank shares are turned over to Burgan Bank K.P.S.C. in 21 December At the Extraordinary Board of Directors meeting on 23 January 2013, the title of the bank has been decided to change from Eurobank Tekfen A.Ş. to Burgan Bank A.Ş. ( the Bank ), and has been registered to the Turkish Trade Registry as of 25 January

7 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED GENERAL INFORMATION ABOUT THE GROUP II. EXPLANATIONS ABOUT THE PARENT BANK S CAPITAL STRUCTURE, SHAREHOLDERS OF THE PARENT BANK WHO ARE IN CHARGE OF THE MANAGEMENT AND/OR AUDITING OF THE PARENT BANK DIRECTLY OR INDIRECTLY, CHANGES IN THESE MATTERS (IF ANY) AND THE GROUP THE PARENT BANK BELONGS TO: The Bank s registered capital ceiling is 2 billion full TL. During the capital increase process following the Board of Directors decisions dated 15 December 2017, 14 January 2018 and 21 February 2018, rights of preference amounting to TL ,45 has been used and the Bank s capital has been registered as TL ,45 at 26 March There is no change in the Bank s shareholder structure, except for the effects of the capital increase during the year. Founded in 1977, Burgan Bank K.P.S.C. (formerly Burgan Bank S.A.K), as an affiliate of KIPCO Group (Kuwait Projects Company), one of the largest holding groups of the Middle East and North Africa (MENA) region, is among the significant banking groups in the region. Besides Kuwait, Burgan Bank Group also operates as a main shareholder with its affiliate banks in Algeria (Gulf Bank Algeria), Iraq (Bank of Baghdad) and Tunisia (Tunis International Bank). 4

8 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED GENERAL INFORMATION ABOUT THE GROUP III. EXPLANATION ON THE BOARD OF DIRECTORS, MEMBERS OF THE AUDIT COMMITTEE, PRESIDENT AND EXECUTIVE VICE PRESIDENTS, CHANGES IN THESE MATTERS (IF ANY) AND SHARES OF THE PARENT BANK THEY POSSESS: Title Name Responsibility Education Chairman of the Board of Directors: Mehmet Nazmi Erten Chairman of Board of Directors Undergraduate Board of Directors Members: Faisal M.A. Al Radwan Vice President Undergraduate Eduardo Eguren Linsen Member Undergraduate Majed E.A.A. Al Ajeel Member Graduate Adrian Alejandro Gostuski Member Graduate Mehmet Alev Göçmez Member Graduate Halil Cantekin Member Undergraduate Osama T. Al Ghoussein Member Undergraduate Ali Murat Dinç Member and General Manager Graduate General Manager: Ali Murat Dinç Member and General Manager Graduate Vice General Managers: Esra Aydın Operations & Management Services Undergraduate Mutlu Akpara Treasury, Capital Market and Graduate Financial Institutions Hüseyin Cem Öge Corporate Banking Graduate Cihan Vural Internal Systems Undergraduate Rasim Levent Ergin Human Resources Graduate Emine Pınar Kuriş Retail Banking PHD Suat Kerem Sözügüzel Commercial Banking Undergraduate Hasan Hüseyin Uyar Loans Graduate Mehmet Yalçın Financial Affairs Undergraduate Audit Committee: Halil Cantekin Committee President Undergraduate Adrian Alejandro Gostuski Member Graduate Osama T. Al Ghoussein Member Undergraduate There is no share of the above individuals in the Parent Bank. 5

9 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED GENERAL INFORMATION ABOUT THE GROUP IV. EXPLANATION ON SHAREHOLDERS HAVING CONTROL SHARES IN THE PARENT BANK: Name/Commercial title Share Amounts Share percentage Paid-in Capital Unpaid portion Burgan Bank K.P.S.C ,41% 99,41% - Based on the Principal Agreement, the Bank has 1 million founder's shares. According to the Principal Agreement, after allocating 5% to legal reserves and distributing 5% of the paid in capital, 10% of distributable amount is distributed to the owners of the founder's shares. V. INFORMATION ON THE PARENT BANK S SERVICE TYPE AND FIELD OF OPERATIONS: As of 31 March 2018, the Parent Bank has 43 branches operating in Turkey (31 December 2017: 49). The Parent Bank s core business activities include corporate and commercial banking, retail banking and banking services in treasury fields. As of 31 March 2018, the Group has (31 December 2017: 1.062) employees. VI. CURRENT OR LIKELY ACTUAL OR LEGAL BARRIERS TO IMMIDATE TRANSFER OF EQUITY OR REPAYMENT OF DEBTS BETWEEN PARENT BANK AND ITS SUBSIDIARIES: None. 6

10 SECTION TWO CONSOLIDATED FINANCIAL STATEMENTS OF THE GROUP I. Consolidated balance sheet (Statement of financial position) II. Consolidated off-balance sheet commitments III. Consolidated statement of income IV. Consolidated statement of income and expense items accounted in equity V. Consolidated statement of changes in shareholders equity VI. Consolidated statement of cash flows

11 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED BALANCE SHEETS (STATEMENT OF FINANCIAL POSITION) AT 31 MARCH 2018 I. BALANCE SHEET Note (Section (31/03/2018) ASSETS Five) TL FC Total I. FINANCIAL ASSETS (Net) Cash and cash equivalents Cash and balances at Central Bank I-a Banks I-c Receivables from Money Markets Financial assets at fair value through profit or loss I-b Public debt securities Equity instruments Other financial assets Financial assets at fair value through other comprehensive income I-d Public debt securities Equity instruments Other financial assets Financial assets measured at amortized cost I-g Public debt securities Other financial assets Derivative financial assets I-l Derivative financial assets at fair value through profit or loss Derivative financial assets at fair value through other comprehensive income Non-performing financial assets Allowance for expected credit losses (-) II. LOANS (Net) I-e Loans Loans measured at amortized cost Loans at fair value through profit or loss Loans at fair value through other comprehensive income Receivables from leasing transactions I-k Finance lease receivables Operational lease receivables Unearned income (-) Factoring receivables I-e Factoring receivables measured at amortized cost Factoring receivables at fair value through profit or loss Factoring receivables at fair value through other comprehensive income Non-performing loans Allowance for expected credit losses (-) I-e Month expected credit losses (Stage 1) Significant increase in credit risk (Stage 2) Credit-Impaired (Stage 3) III. NON-CURRENTS ASSETS OR DISPOSAL GROUPS "HELD FOR SALE" AND "FROM DISCONTINUED OPERATIONS (Net) I-o Held for sale Held from discontinued operations IV. INVESTMENTS IN ASSOCIATES, SUBSIDIARIES AND JOINT VENTURES Investments in associates (Net) I-h Associates accounted by using equity method Non-consolidated associates Investments in subsidiaries (Net) I-i Non-consolidated financial subsidiaries Non-consolidated non-financial subsidiaries Jointly Controlled Partnerships (Joint Ventures) (Net) I-j Jointly controlled partnerships accounted by using equity method Non-consolidated jointly controlled partnerships V. TANGIBLE ASSETS (Net) VI. INTANGIBLE ASSETS AND GOODWILL (Net) Goodwill Other VII. INVESTMENT PROPERTIES (Net) I-m VIII. CURRENT TAX ASSETS IX. DEFERRED TAX ASSETS I-n X. OTHER ASSETS I-p TOTAL ASSETS Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 8

12 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED BALANCE SHEETS (STATEMENT OF FINANCIAL POSITION) AT 31 DECEMBER 2017 I. BALANCE SHEET Note (Section (31/12/2017) ASSETS Five) TL FC Total I. CASH AND BALANCES WITH CENTRAL BANK I-a II. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT or LOSS (Net) I-b Trading Financial Assets Government Debt Securities Share Certificates Trading Derivative Financial Assets Other Marketable Securities Financial Assets Designated at Fair Value through Profit or Loss Government Debt Securities Share Certificates Loans Other Marketable Securities III. BANKS I-c IV. MONEY MARKETS Interbank Money Market Placements Receivables from Istanbul Stock Exchange Money Market Receivables from Reverse Repurchase Agreements V. AVAILABLE-FOR-SALE FINANCIAL ASSETS (Net) I-d Share Certificates Government Debt Securities Other Marketable Securities VI. LOANS I-e Loans Loans to Bank s Risk Group Government Debt Securities Other Loans under Follow-up Specific Provisions (-) VII. FACTORING RECEIVABLES I-e 6-6 VIII. HELD-TO-MATURITY SECURITIES (Net) I-g Government Debt Securities Other Marketable Securities IX. INVESTMENTS IN ASSOCIATES (Net) I-h Consolidated Based on Equity Method Unconsolidated Financial Investments in Associates Non-financial Investments in Associates X. SUBSIDIARIES (Net) I-i Unconsolidated Financial Subsidiaries Unconsolidated Non-Financial Subsidiaries XI. JOINT VENTURES (Net) I-j Consolidated Based on Equity Method Unconsolidated Financial Joint Ventures Non-Financial Joint Ventures XII. LEASE RECEIVABLES (Net) I-k Financial Lease Receivables Operational Lease Receivables Other Unearned Income (-) XIII. HEDGING DERIVATIVE FINANCIAL ASSETS I-l Fair Value Hedge Cash Flow Hedge Foreign Net Investment Hedge XIV. PROPERTY AND EQUIPMENT (Net) XV. INTANGIBLE ASSETS (Net) Goodwill Other XVI. INVESTMENT PROPERTY (Net) I-m XVII. TAX ASSET I-n Current Tax Asset Deferred Tax Asset XVIII. ASSETS HELD FOR RESALE AND DISCONTINUED OPERATIONS (Net) I-o Held for Resale Discontinued Operations XIX. OTHER ASSETS I-p TOTAL ASSETS Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 9

13 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED BALANCE SHEETS (STATEMENT OF FINANCIAL POSITION) AT 31 MARCH 2018 I. BALANCE SHEET Note (Section (31/03/2018) LIABILITIES Five) TL FC Total I. DEPOSITS II-a II. LOANS RECEIVED II-c I. MONEY MARKET FUNDS II. MARKETABLE SECURITIES (Net) II-d Bills Asset backed securities Bonds V. FUNDS Borrower funds Other VI. FINANCIAL LIABILITIES AT FAIR VALUE THROUGH PROFIT OR LOSS VII. DERIVATIVE FINANCIAL LIABILITIES II-b Derivative financial liabilities at fair value through profit or loss Derivative financial liabilities at fair value through other comprehensive income VIII. FACTORING PAYABLES IX. LEASE PAYABLES II-f Finance lease payables Operating lease payables Other Deferred finance lease expenses (-) X. PROVISIONS II-h Provision for restructuring Reserves for employee benefits Insurance technical reserves (Net) Other provisions XI. CURRENT TAX LIABILITIES II-i XII. DEFERRED TAX LIABILITIES XIII. LIABILITIES RELATED TO NON-CURRENT ASSETS "HELD FOR SALE" AND "DISCONTINUED OPERATIONS" (Net) II-j Held for sale Related to discontinued operations XIV. SUBORDINATED DEBT II-k Loans Other debt instruments XV. OTHER LIABILITIES II-e XVI. SHAREHOLDERS` EQUITY II-l Paid-in capital Capital reserves Equity share premiums Share cancellation profits Other capital reserves Other accumulated comprehensive income that will not be reclassified in profit or loss Other accumulated comprehensive income that will be reclassified in profit or loss Profit reserves Legal reserves Statutory reserves Extraordinary reserves Other profit reserves Profit or loss ( ) - ( ) Prior years' profits or losses ( ) - ( ) Current period net profit or loss Minority share TOTAL EQUITY AND LIABILITIES Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 10

14 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED BALANCE SHEET (STATEMENT OF FINANCIAL POSITION) AT 31 DECEMBER 2017 I. BALANCE SHEET Note (Section (31/12/2017) LIABILITIES Five) TL FC Total I. DEPOSITS II-a Deposits of Bank s Risk Group Other II. TRADING DERIVATIVE FINANCIAL LIABILITIES II-b III. BORROWINGS II-c IV. MONEY MARKETS Funds from Interbank Money Market Funds from Istanbul Stock Exchange Money Market Funds Provided Under Repurchase Agreements V. MARKETABLE SECURITIES ISSUED (Net) II-d Bills Asset Backed Securities Bonds VI. FUNDS Borrower Funds Other VII. MISCELLANEOUS PAYABLES VIII. OTHER LIABILITIES II-e IX. FACTORING PAYABLES X. LEASE PAYABLES (Net) II-f Financial Lease Payables Operational Lease Payables Other Deferred Financial Lease Expenses (-) XI. HEDGING DERIVATIVE FINANCIAL LIABILITIES II-g Fair Value Hedge Cash Flow Hedge Foreign Net Investment Hedge XII. PROVISIONS II-h General Loan Loss Provision Restructuring Provisions Reserve for Employee Rights Insurance Technical Provisions (Net) Other Provisions XIII. TAX LIABILITY II-i Current Tax Liability Deferred Tax Liability XIV. PAYABLES FOR ASSET HELD FOR RESALE AND DISCONTINUED OPERATIONS (Net) II-j Held for Resale Discontinued Operations XV. SUBORDINATED LOANS II-k XVI. SHAREHOLDERS' EQUITY II-l Paid-in Capital Capital Reserves Share Premium Share Cancellation Profits Marketable Securities Valuation Reserve (2.366) (143) (2.509) Tangible Assets Revaluation Reserve Intangible Assets Revaluation Reserve Investment Property Revaluation Reserve Bonus Shares Obtained from Investments in Associates, Subsidiaries and Joint Ventures Hedging Reserves (Effective portion) Value Differences of Assets Held for Resale and Discontinued Operations Other Capital Reserves (2.957) - (2.957) 16.3 Profit Reserves Legal Reserves Status Reserves Extraordinary Reserves Other Profit Reserves Income or (Loss) Prior Years Income or (Loss) Current Year Income or (Loss) Minority Shares TOTAL LIABILITIES Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 11

15 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED OFF-BALANCE SHEET COMMITMENTS AT 31 MARCH 2018 AND 31 DECEMBER 2017 Note (Section Five) The accompanying explanations and notes form an integral part of these financial statements. 12 (31/03/2018) (31/12/2017) TL FC Total TL FC Total II. OFF-BALANCE SHEET A OFF-BALANCE SHEET COMMITMENTS (I+II+III) I. GUARANTEES AND WARRANTIES III-a Letters of Guarantee Guarantees Subject to State Tender Law Guarantees Given for Foreign Trade Operations Other Letters of Guarantee Bank Acceptances Import Letter of Acceptance Other Bank Acceptances Letters of Credit Documentary Letters of Credit Other Letters of Credit Prefinancing Given as Guarantee Endorsements Endorsements to the Central Bank of the Republic of Turkey Other Endorsements Securities Issue Purchase Guarantees Factoring Guarantees Other Guarantees Other Collaterals II. COMMITMENTS III-a Irrevocable Commitments Asset Purchase and Sales Commitments Deposit Purchase and Sales Commitments Share Capital Commitments to Associates and Subsidiaries Commitments for Loan Limits Securities Issue Brokerage Commitments Commitments for Reserve Deposit Requirements Commitments for Cheques Tax and Fund Liabilities from Export Commitments Commitments for Credit Card Limits Promotion Commitments for Credit Cards and Banking Services Receivables from Short Sale Commitments of Marketable Securities Payables for Short Sale Commitments of Marketable Securities Other Irrevocable Commitments Revocable Commitments Revocable Commitments for Loan Limits Other Revocable Commitments III. DERIVATIVE FINANCIAL INSTRUMENTS Hedging Derivative Financial Instruments Transactions for Fair Value Hedge Transactions for Cash Flow Hedge Transactions for Foreign Net Investment Hedge Trading Derivative Financial Instruments Forward Foreign Currency Buy/Sell Transactions Forward Foreign Currency Transactions-Buy Forward Foreign Currency Transactions-Sell Swap Transactions Related to Foreign Currency and Interest Rates Foreign Currency Swap-Buy Foreign Currency Swap-Sell Interest Rate Swap-Buy Interest Rate Swap-Sell Foreign Currency, Interest rate and Securities Options Foreign Currency Options-Buy Foreign Currency Options-Sell Interest Rate Options-Buy Interest Rate Options-Sell Securities Options-Buy Securities Options-Sell Foreign Currency Futures Foreign Currency Futures-Buy Foreign Currency Futures-Sell Interest Rate Futures Interest Rate Futures-Buy Interest Rate Futures-Sell Other Other B. CUSTODY AND PLEDGES RECEIVED (IV+V+VI) IV. ITEMS HELD IN CUSTODY Customer Fund and Portfolio Balances Investment Securities Held in Custody Cheques Received for Collection Commercial Notes Received for Collection Other Assets Received for Collection Assets Received for Public Offering Other Items Under Custody Custodians V. PLEDGES RECEIVED Marketable Securities Guarantee Notes Commodity Warranty Immovable Other Pledged Items Pledged Items-Depository VI. ACCEPTED INDEPENDENT GUARANTEES AND WARRANTIES TOTAL OFF-BALANCE SHEET COMMITMENTS (A+B)

16 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED INCOME STATEMENT AS AT 31 MARCH 2018 III. INCOME STATEMENT Note (Section INCOME AND EXPENSE ITEMS Five) 01/01/ /03/2018 I. INTEREST INCOME IV-a Interest on loans Interest received from reserve deposits Interest received from banks Interest received from money market transactions Interest received from marketable securities portfolio Financial assets at fair value through profit or loss Financial assets at fair value through other comprehensive income Financial assets measured at amortized cost Finance lease income Other interest income IV-k II. INTEREST EXPENSES (-) IV-b Interest on deposits Interest on funds borrowed Interest on money market transactions Interest on securities issued Other interest expenses IV-k III. NET INTEREST INCOME/EXPENSE (I - II) IV. NET FEES AND COMMISSIONS INCOME/EXPENSES Fees and commissions received Non-cash loans Other IV-k Fees and commissions paid (-) Non-cash loans (-) Other (-) IV-k V. PERSONNEL EXPENSES (-) VI. DIVIDEND INCOME - VII. TRADING PROFIT/LOSS (Net) IV-c Profit/losses from capital market transactions Profit/losses from derivative financial transactions (1.349) 7.3 Foreign exchange profit/losses VIII. OTHER OPERATING INCOME IV-d IX. GROSS PROFIT FROM OPERATING ACTIVITIES (III+IV+V+VI+VII+VIII) X. ALLOWANCES FOR EXPECTED CREDIT LOSSES (-) IV-e XI. OTHER OPERATING EXPENSES (-) IV-f XII. NET OPERATING PROFIT/LOSS (IX-X-XI) XIII. SURPLUS WRITTEN AS GAIN AFTER MERGER - XIV. PROFIT/LOSS FROM EQUITY METHOD APPLIED SUBSIDIARIES - XV. NET MONETORY POSITION GAIN/LOSS - XVI. PROFIT/LOSS BEFORE TAXES FROM CONTINUING OPERATIONS (XII+...+XV) IV-g XVII. PROVISION FOR TAXES ON INCOME FROM CONTINUING OPERATIONS (±) IV-h (15.497) 17.1 Current tax provision Expense effect of deferred tax (+) Income effect of deferred tax (-) XVII. NET PROFIT/LOSS FROM CONTINUING OPERATIONS (XVI±XVII) IV-i XIX. INCOME FROM DISCONTINUED OPERATIONS Income from assets held for sale Profit from sale of associates, subsidiaries and joint ventures Other income from discontinued operations - XX. EXPENSES FROM DISCONTINUED OPERATIONS (-) Expenses on assets held for sale Losses from sale of associates, subsidiaries and joint ventures Other expenses from discontinued operations - XXI. PROFIT/LOSS BEFORE TAXES FROM DISCONTINUED OPERATIONS (±) (XIX-XX) - XXII. TAX PROVISION FOR DISCONTINUED OPERATIONS (±) Current tax provision Expense effect of deferred tax (+) Income effect of deferred tax (-) - XXIII. NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XXI±XXII) - XXIV. NET PROFIT/LOSSES (XVIII+XXIII) IV-j Group`s profit/loss Minority shares - Profit/Loss per share 0,410 Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 13

17 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED INCOME STATEMENT AS AT 31 MARCH 2017 III. INCOME STATEMENT Note (Section INCOME AND EXPENSE ITEMS Five) 01/01/ /03/2017 I. INTEREST INCOME IV-a Interest on Loans Interest Received from Reserve Requirements Interest Received from Banks Interest Received from Money Market Transactions Interest Received from Marketable Securities Portfolio Trading Financial Assets Financial Assets at Fair Value through Profit or Loss Available-for-sale Financial Assets Held-to-maturity Investments Financial Lease Income Other Interest Income IV-k II. INTEREST EXPENSE (-) IV-b Interest on Deposits Interest on Funds Borrowed Interest Expense on Money Market Transactions Interest on Securities Issued Other Interest Expenses IV-k III. NET INTEREST INCOME (I + II) IV. NET FEES AND COMMISSIONS INCOME/EXPENSE Fees and Commissions Received Non-cash Loans Other IV-k Fees and Commissions Paid (-) Non-cash Loans (-) Other (-) IV-k V. DIVIDEND INCOME - VI. TRADING INCOME/( LOSS) (Net) IV-c Trading Gains/(Losses) on Securities Trading Gains/(Losses) on Derivative Financial Instruments Foreign Exchange Gains/(Losses) VII. OTHER OPERATING INCOME IV-d VIII. TOTAL OPERATING INCOME (III+IV+V+VI+VII) IX. PROVISION FOR LOAN LOSSES AND OTHER RECEIVABLES (-) IV-e X. OTHER OPERATING EXPENSES (-) IV-f XI. NET OPERATING INCOME/(LOSS) (VIII+IX+X) XII. EXCESS AMOUNT RECORDED AS INCOME AFTER MERGER - XIII. INCOME/(LOSS) FROM INVESTMENTS IN SUBSIDIARIES CONSOLIDATED BASED ON EQUITY METHOD - XIV. INCOME/(LOSS) ON NET MONETARY POSITION - XV. INCOME/(LOSS) BEFORE TAX FROM CONTINUING OPERATIONS (XI+ +XIV) IV-g XVI. TAX PROVISION FOR CONTINUING OPERATIONS (-) IV-h Current Tax Provision Deferred Tax Provision XVII. NET INCOME/(LOSS) FROM CONTINUING OPERATIONS (XV+XVI) IV-i XVIII. INCOME FROM DISCONTINUED OPERATIONS Income from Non-Current Assets Held for Resale Sale Income from Associates, Subsidiaries and Joint Ventures Other Income from Discontinued Operations - XIX. EXPENSES FROM DISCONTINUED OPERATIONS (-) Expense from Non-Current Assets Held for Resale Sale Losses from Associates, Subsidiaries and Joint Ventures Other Expenses from Discontinued Operations - XX. INCOME/(LOSS) BEFORE TAX FROM DISCONTINUED OPERATIONS (XVIII+XIX) - XXI. TAX PROVISION FOR DISCONTINUED OPERATIONS (-) Current tax provision Deferred tax provision - XXII. NET INCOME/(LOSS) FROM DISCONTINUED OPERATIONS (XX+XXI) - XXIII. NET INCOME/(LOSS) (XVII+XXII) IV-j Earnings/(Loss) per share (1.000 nominal in TL full) 0,232 Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 14

18 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED STATEMENT OF INCOME AND EXPENSE ITEMS ACCOUNTED IN EQUITY FOR THE 31 MARCH 2018 IV. STATEMENT OF INCOME AND EXPENSE ITEMS ACCOUNTED IN EQUITY 31/03/2018 I. CURRENT PERİOD INCOME / LOSS II. OTHER COMPREHENSİVE INCOME Other comprehensive income not to be reclassified to profit or loss in subsequent periods Revaluation Differences of Tangible Assets Revaluation Differences of Intangible Assets Defined benefit plans re-measurement gains / loss Other comprehensive income not to be reclassified to profit or loss Income tax relating to components of other comprehensive income not to be reclassified to profit or loss Other comprehensive income to be reclassified to profit or loss in subsequent periods: Exchange differences on translation of foreign operations Gains or losses on valuation or reclassification arising from financial assets at fair value through other comprehensive income (5.423) Gains or losses arising on cash flow hedges Gains or losses arising on net investment hedges Other comprehensive income to be reclassified to profit or loss Income tax relating to components of other comprehensive income to be reclassified to profit or loss (4.555) III. TOTAL COMPREHENSIVE INCOME (I+II) Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 15

19 (CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED CONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED CONSOLIDATED STATEMENT OF INCOME AND EXPENSE ITEMS ACCOUNTED IN EQUITY FOR THE 31 MARCH 2017 IV. STATEMENT OF INCOME AND EXPENSE ITEMS ACCOUNTED IN EQUITY 31/03/2017 I. ADDITIONS TO THE MARKETABLE SECURITIES VALUATION RESERVE FROM THE AVAILABLE FOR SALE FINANCIAL ASSETS II. REVALUATION DIFFERENCES OF TANGIBLE ASSETS - III. REVALUATION DIFFERENCES OF INTANGIBLE ASSETS - IV. FOREIGN EXCHANGE TRANSLATION DIFFERENCES FOR FOREIGN CURRENCY TRANSACTIONS - V. INCOME/LOSS ON CASH FLOW HEDGE DERIVATIVE FINANCIAL ASSETS (Effective Part of Fair Value Changes) VI. PROFIT/LOSS FROM FOREIGN INVESTMENT HEDGE DERIVATIVE FINANCIAL ASSETS (Effective Part of Fair Value Changes) - VII. EFFECTS OF CHANGES IN ACCOUNTING POLICY AND ERRORS(*) - VIII. OTHER INCOME AND EXPENSE ITEMS ACCOUNTED IN EQUITY ACCORDING TO TAS 169 IX. DEFERRED TAX ON VALUATION DIFFERENCES (2.039) X. NET INCOME/LOSS ACCOUNTED DIRECTLY IN EQUITY (I+II+...+IX) XI. CURRENT PERIOD INCOME/LOSS Net Change in Fair Value of Marketable Securities (Transfer to Income Statement) Portion of Cash Flow Hedge Derivative Financial Assets Reclassified and Presented on the Income Statement Portion of Foreign Investment Hedge Derivative Financial Assets Reclassified and Presented on the Income Statement Other XII. TOTAL (INCOME)/LOSS RELATED TO THE CURRENT PERIOD (X+XI) Note: The prior period financial statements and related disclosures are not restated as permitted by TFRS 9 transition rules. Since, 2017 and 2018 financial statements are prepared on different principles, 2017 financial statements are presented separately. The accompanying explanations and notes form an integral part of these financial statements. 16