ŞEKERBANK T.A.Ş. — Interim / Quarterly Report 2016

May 18, 2016

ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALA	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)
ASSETS	TRL THOUSAND
	Reviewed Audited
	Current Period			Prior Period
	31.03.2016			31.12.2015
	TRL	FC	Total	TRL	FC	Total
I. CASH AND BALANCES WITH THE CENTRAL BANK II. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS (Net) 2.1 Held for trading financial assets 2.1.1 Public sector debt securities 2.1.2 Share certificates 2.1.3 Derivative financial assets held for trading 2.1.4 Other marketable securities 2.2 Financial assets at fair value through profit and loss 2.2.1 Public sector debt securities 2.2.2 Share certificates 2.2.3 Loans 2.2.4 Other marketable securities III. BANKS IV. MONEY MARKET PLACEMENTS 4.1 Interbank money market placements 4.2 Istanbul Stock Exchange money market placements 4.3 Receivables from reverse repurchase agreements V. FINANCIAL ASSETS AVAILABLE FOR SALE (Net) 5.1 Share certificates 5.2 Public sector debt securities 5.3 Other marketable securities VI. LOANS AND RECEIVABLES 6.1 Loans and Receivables 6.1.1 Loans to Risk Group of the Bank 6.1.2 Public sector debt securities 6.1.3 Other 6.2 Non-performing loans 6.3 Specific provisions (-) VII. FACTORING RECEIVABLES VIII. HELD TO MATURITY INVESTMENTS (Net) 8.1 Public sector debt securities 8.2 Other marketable securities IX. INVESTMENTS IN ASSOCIATES (Net) 9.1 Accounted for under equity method 9.2 Unconsolidated associates 9.2.1 Financial investments 9.2.2 Non-financial investments X. INVESTMENTS IN SUBSIDIARIES (Net) 10.1 Unconsolidated financial subsidiaries 10.2 Unconsolidated non-financial subsidiaries XI. ENTITIES UNDER COMMON CONTROL (JOINT VENT.) (Net) 11.1 Consolidated under equity method 11.2 Unconsolidated 11.2.1 Financial subsidiaries 11.2.2 Non-financial subsidiaries XII. FINANCE LEASE RECEIVABLES (Net) 12.1 Finance lease receivables 12.2 Operating lease receivables 12.3 Other 12.4 Unearned income ( - ) XIII. DERIVATIVE FINANCIAL ASSETS FOR HEDGING PURPOSES 13.1 Fair value hedge 13.2 Cash flow hedge 13.3 Hedge of net investment risks in foreign operations XIV. TANGIBLE ASSETS (Net) XV. INTANGIBLE ASSETS (Net) 15.1 Goodwill 15.2 Other XVI. INVESTMENT PROPERTY (Net) XVII. TAX ASSET 17.1 Current tax asset 17.2 Deferred tax asset XVIII. ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net) 18.1 Held for sale 18.2 Discontinued operations XIX. OTHER ASSETS TOTAL ASSETS	842,993 470,515 95,388 12,785 - 73,962 8,641 375,127 - - 375,127 - 9,604	1,580,842 30,373 30,373 5,755 - 24,618 - - - - - - 111,827	2,423,835 500,888 125,761 18,540 - 98,580 8,641 375,127 - - 375,127 - 121,431	560,919 494,354 111,624 14,577 - 92,979 4,068 382,730 - - 382,730 - 27,847	2,276,636 51,895 51,895 7,808 - 44,087 - - - - - - 72,891	2,837,555 546,249 163,519 22,385 - 137,066 4,068 382,730 - - 382,730 - 100,738
	3,000 - - 3,000 1,642,458 - 1,635,059 7,399	4,053 4,053 - - - - - -	7,053 4,053 - 3,000 1,642,458 - 1,635,059 7,399	7,000 - - 7,000 1,724,973 - 1,717,577 7,396	- - - - - - - -	7,000 - - 7,000 1,724,973 - 1,717,577 7,396
	13,492,614	2,564,657	16,057,271	14,271,873	2,649,521	16,921,394
	12,945,698 28,904 - 12,916,794 1,206,385	2,564,657 380,890 - 2,183,767 4,931	15,510,355 409,794 - 15,100,561 1,211,316	13,794,891 31,938 - 13,762,953 1,032,951	2,649,521 381,220 - 2,268,301 5,094	16,444,412 413,158 - 16,031,254 1,038,045
	(659,469) 286,873 1,296,057 1,292,561 3,496 4,236 - 4,236 - 4,236 621 - 621 - - - - - 83,697 102,304 - - (18,607) - - - - 901,549 101,518 - 101,518 - 22,052 602 21,450 90,487 90,487 - 350,251 19,598,525	(4,931) - 393 393 - - - - - - - - - - - - - - 273,584 313,487 - - (39,903) - - - - 1,930 - - - - - - - - - - 169,467 4,737,126	(664,400) 286,873 1,296,450 1,292,954 3,496 4,236 - 4,236 - 4,236 621 - 621 - - - - - 357,281 415,791 - - (58,510) - - - - 903,479 101,518 - 101,518 - 22,052 602 21,450 90,487 90,487 - 519,718 24,335,651	(555,969) 309,647 1,271,320 1,267,890 3,430 4,236 - 4,236 - 4,236 621 - 621 - - - - - 97,682 115,486 - - (17,804) - - - - 897,843 101,269 - 101,269 - 18,910 437 18,473 135,187 135,187 - 299,825 20,223,506	(5,094) - 413 413 - - - - - - - - - - - - - - 237,928 271,763 - - (33,835) - - - - 1,998 - - - - 2 2 - - - - 163,964 5,455,248	(561,063) 309,647 1,271,733 1,268,303 3,430 4,236 - 4,236 - 4,236 621 - 621 - - - - - 335,610 387,249 - - (51,639) - - - - 899,841 101,269 - 101,269 - 18,912 439 18,473 135,187 135,187 - 463,789 25,678,754

ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALA	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)	NCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION)
LIABILITIES	TRL THOUSAND
	Reviewed			Audited
	31.03.2016 Current Period			31.12.2015 Prior Period
	TRL	FC	Total	TRL	FC	Total
I. DEPOSITS 1.1 Deposits from Risk Group of the Bank 1.2 Other II. DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING III. FUNDS BORROWED IV. MONEY MARKET BALANCES 4.1 Interbank money market takings 4.2 Istanbul Stock Exchange money market takings 4.3 Funds provided under repurchase agreements V. MARKETABLE SECURITIES ISSUED (Net) 5.1 Bills 5.2 Asset backed securities 5.3 Bonds VI. FUNDS 6.1 Borrower funds 6.2 Other VII. SUNDRY CREDITORS VIII. OTHER LIABILITIES IX. FACTORING PAYABLES X. FINANCE LEASE PAYABLES (Net) 10.1 Finance lease payables 10.2 Operating lease payables 10.3 Other 10.4 Deferred finance lease expenses ( - ) XI. DERIVATIVE FINANCIAL LIABILITIES FOR HEDGING PURPOSES 11.1 Fair value hedge 11.2 Cash flow hedge 11.3 Hedge of net investment in foreign operations XII. PROVISIONS 12.1 General loan loss provisions 12.2 Restructuring provisions 12.3 Reserve for employee benefits 12.4 Insurance technical provisions (Net) 12.5 Other provisions XIII. TAX LIABILITY 13.1 Current tax liability 13.2 Deferred tax liability XIV. PAYABLES RELATED TO ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS 14.1 Held for sale 14.2 Discontinued operations XV. SUBORDINATED LOANS XVI. SHAREHOLDERS' EQUITY 16.1 Paid-in capital 16.2 Supplementary capital 16.2.1 Share premium 16.2.2 Share cancellation profits 16.2.3 Marketable securities value increase fund 16.2.4 Tangible assets revaluation differences 16.2.5 Intangible assets revaluation differences 16.2.6 Investment property revaluation differences 16.2.7 Bonus shares obtained from associates, subsidiaries and jointly controlled entities (Joint Vent.) 16.2.8 Hedging funds (Effective portion) 16.2.9 Accumulated valuation differences from assets held for sale and from discontinued operations 16.2.10 Other capital reserves 16.3 Profit reserves 16.3.1 Legal reserves 16.3.2 Status reserves 16.3.3 Extraordinary reserves 16.3.4 Other profit reserves 16.4 Profit or loss 16.4.1 Prior years’ income/ (loss) 16.4.2 Current year income/ (loss) 16.5 Non-controlling Interest TOTAL LIABILITIES AND EQUITY	8,682,152 79,089 8,603,063 21,102 359,550 2,308,868 127,549 - 2,181,319 1,169,910 386,356 757,109 26,445 85 - 85 127,525 191,867 788 24,882 34,918 - - (10,036)	5,193,303 17,259 5,176,044 70,585 2,423,608 - - - - - - - - - - - 190,044 11,700 - - - - - -	13,875,455 96,348 13,779,107 91,687 2,783,158 2,308,868 127,549 - 2,181,319 1,169,910 386,356 757,109 26,445 85 - 85 317,569 203,567 788 24,882 34,918 - - (10,036)	9,177,140 42,822 9,134,318 21,712 412,156 2,060,413 148,055 27,000 1,885,358 1,310,579 507,307 764,218 39,054 131 - 131 116,143 208,792 739 11,112 13,543 - - (2,431)	5,716,404 18,254 5,698,150 35,314 2,824,946 - - - - - - - - - - - 233,261 7,465 - - - - - -	14,893,544 61,076 14,832,468 57,026 3,237,102 2,060,413 148,055 27,000 1,885,358 1,310,579 507,307 764,218 39,054 131 - 131 349,404 216,257 739 11,112 13,543 - - (2,431)
	-	-	-	-	-	-
	- - - 372,050 171,919 - 64,707 - 135,424 46,706 46,706 - - - - - 2,642,871 1,158,000 164,269 1,798 - (55,033) 156,274 - - - - 59,463 1,767 1,223,032 104,020 - 1,085,826 33,186 53,264 41,258 12,006 44,306 15,948,356	- - - 1,887 697 - 352 - 838 16 16 - - - - 489,619 6,533 - - - - - - - - - - - - 7,037 2,996 - - 4,041 (1,247) (1,365) 118 743 8,387,295	- - - 373,937 172,616 - 65,059 - 136,262 46,722 46,722 - - - - 489,619 2,649,404 1,158,000 164,269 1,798 - (55,033) 156,274 - - - - 59,463 1,767 1,230,069 107,016 - 1,085,826 37,227 52,017 39,893 12,124 45,049 24,335,651	- - - 378,523 178,870 - 61,029 - 138,624 44,979 37,403 7,576 - - - - 2,607,256 1,158,000 178,780 1,834 - (70,366) 163,499 - - - - 82,046 1,767 1,116,021 98,448 - 1,016,905 668 110,867 15,854 95,013 43,588 16,349,675	- - - 6,263 754 - 372 - 5,137 16 16 - - - - 498,221 7,189 - - - - - - - - - - - - 7,114 2,459 - - 4,655 (688) (1,219) 531 763 9,329,079	- - - 384,786 179,624 - 61,401 - 143,761 44,995 37,419 7,576 - - - 498,221 2,614,445 1,158,000 178,780 1,834 - (70,366) 163,499 - - - - 82,046 1,767 1,123,135 100,907 - 1,016,905 5,323 110,179 14,635 95,544 44,351 25,678,754

EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION

EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION	EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION	EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION	EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION	EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION	EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION	EKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED BALANCE SHEET (CONSOLIDATED STATEMENT OF FINANCIAL POSITION
	TRL THOUSAND
	Reviewed			Audited
	31.03.2016 Current Period			31.12.2015 Prior Period
	TRL	FC	Total	TRL	FC	Total
A. OFF BALANCE SHEET CONTINGENCIES AND COMMITMENTS (I+II+III) I. GUARANTEES AND SURETIES 1.1. Letters of guarantee 1.1.1. Guarantees subject to State Tender Law 1.1.2. Guarantees given for foreign trade operations 1.1.3. Other letters of guarantee 1.2. Bank loans 1.2.1. Import letter of acceptance 1.2.2. Other bank acceptances 1.3. Letters of credit 1.3.1. Documentary letters of credit 1.3.2. Other letters of credit 1.4. Prefinancing given as guarantee 1.5. Endorsements 1.5.1. Endorsements to the Central Bank of Turkey 1.5.2. Other endorsements 1.6. Securities issue purchase guarantees 1.7. Factoring guarantees 1.8. Other guarantees 1.9. Other sureties II. COMMITMENTS 2.1. Irrevocable commitments 2.1.1. Forward asset purchase commitments 2.1.2. Forward deposit purchase and sales commitments 2.1.3. Share capital commitment to associates and subsidiaries 2.1.4. Loan granting commitments 2.1.5. Securities underwriting commitments 2.1.6. Commitments for reserve deposit requirements 2.1.7. Payment commitment for checks 2.1.8. Tax and fund liabilities from export commitments 2.1.9. Commitments for credit card expenditure limits 2.1.10. Commitments for promotions related with credit cards and banking activities 2.1.11. Receivables from short sale commitments 2.1.12. Payables for short sale commitments 2.1.13. Other irrevocable commitments 2.2. Revocable commitments 2.2.1. Revocable loan granting commitments 2.2.2. Other revocable commitments III. DERIVATIVE FINANCIAL INSTRUMENTS 3.1 Derivative financial instruments for hedging purposes 3.1.1 Fair value hedge 3.1.2 Cash flow hedge 3.1.3 Hedge of net investment in foreign operations 3.2 Held for trading transactions 3.2.1 Forward foreign currency buy/sell transactions 3.2.1.1 Forward foreign currency transactions-buy 3.2.1.2 Forward foreign currency transactions-sell 3.2.2 Swap transactions related to f.c. and interest rates 3.2.2.1 Foreign currency swap-buy 3.2.2.2 Foreign currency swap-sell 3.2.2.3 Interest rate swaps-buy 3.2.2.4 Interest rate swaps-sell 3.2.3 Foreign currency, interest rate and securities options 3.2.3.1 Foreign currency options-buy 3.2.3.2 Foreign currency options-sell 3.2.3.3 Interest rate options-buy 3.2.3.4 Interest rate options-sell 3.2.3.5 Securities options-buy 3.2.3.6 Securities options-sell 3.2.4 Foreign currency futures 3.2.4.1 Foreign currency futures-buy 3.2.4.2 Foreign currency futures-sell 3.2.5 Interest rate futures 3.2.5.1 Interest rate futures-buy 3.2.5.2 Interest rate futures-sell 3.2.6 Other B. CUSTODY AND PLEDGED ITEMS (IV+V+VI) IV. ITEMS HELD IN CUSTODY 4.1. Assets under management 4.2. Investment securities held in custody 4.3. Checks received for collection 4.4. Commercial notes received for collection 4.5. Other assets received for collection 4.6. Assets received for public offering 4.7. Other items under custody 4.8. Custodians V. PLEDGED ITEMS 5.1. Marketable securities 5.2. Guarantee notes 5.3. Commodity 5.4. Warranty 5.5. Properties 5.6. Other pledged items 5.7. Pledged items-depository VI. ACCEPTED INDEPENDENT GUARANTEES AND WARRANTIES TOTALOFF BALANCE SHEET ACCOUNTS (A+B)	9,683,512 3,497,076 3,473,172 114,373 - 3,358,799 16,503 8,003 8,500 - - - - - - - - - 7,401 - 2,435,389 2,120,426 26,671 - - 760,374 - - 672,506 5,697 600,303	9,672,947 1,921,326 975,955 10,746 - 965,209 361,571 361,571 - 480,046 480,046 - - - - - - - 103,754 - 165,200 155,162 149,727 - - 5,435 - - - - -	19,356,459 5,418,402 4,449,127 125,119 - 4,324,008 378,074 369,574 8,500 480,046 480,046 - - - - - - - 111,155 - 2,600,589 2,275,588 176,398 - - 765,809 - - 672,506 5,697 600,303	10,240,075 3,776,055 3,747,038 126,247 - 3,620,791 21,092 12,360 8,732 - - - - - - - - - 7,925 - 2,388,397 2,096,475 55,286 - - 733,331 - - 647,736 5,826 598,850	10,021,009 2,011,226 1,028,967 9,851 - 1,019,116 387,949 387,949 - 488,906 488,906 - - - - - - - 105,404 - 95,477 88,539 83,896 - - 4,643 - - - - -	20,261,084 5,787,281 4,776,005 136,098 - 4,639,907 409,041 400,309 8,732 488,906 488,906 - - - - - - - 113,329 - 2,483,874 2,185,014 139,182 - - 737,974 - - 647,736 5,826 598,850
	1,210	-	1,210	1,278	-	1,278
	-	-	-	-	-	-
	-	-	-	-	-	-
	53,665	-	53,665	54,168	-	54,168
	314,963	10,038	325,001	291,922	6,938	298,860
	310,857	-	310,857	289,346	-	289,346
	4,106	10,038	14,144	2,576	6,938	9,514
	3,751,047	7,586,421	11,337,468	4,075,623	7,914,306	11,989,929
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	3,751,047	7,586,421	11,337,468	4,075,623	7,914,306	11,989,929
	100,522	97,979	198,501	299,782	301,306	601,088
	35,192	64,101	99,293	149,177	151,618	300,795
	65,330	33,878	99,208	150,605	149,688	300,293
	3,555,213	6,302,063	9,857,276	3,704,446	6,447,876	10,152,322
	361,845	4,726,629	5,088,474	420,134	4,846,502	5,266,636
	3,193,368	1,575,434	4,768,802	3,284,312	1,601,374	4,885,686
	-	-	-	-	-	-
	-	-	-	-	-	-
	95,312	90,801	186,113	71,395	75,289	146,684
	16,604	74,485	91,089	44,639	28,093	72,732
	78,708	16,316	95,024	26,756	47,196	73,952
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	1,095,578	1,095,578	-	1,089,835	1,089,835
	345,678,818	113,903,150	459,581,968	336,477,070	115,941,020	452,418,090
	5,719,784	1,016,963	6,736,747	5,860,555	1,202,503	7,063,058
	-	-	-	-	-	-
	472,369	255,424	727,793	484,186	385,535	869,721
	2,194,019	128,550	2,322,569	2,460,239	170,899	2,631,138
	47,085	10,117	57,202	49,110	10,669	59,779
	9,864	534,659	544,523	9,864	546,190	556,054
	-	-	-	-	-	-
	2,996,446	88,213	3,084,659	2,857,155	89,210	2,946,365
	1	-	1	1	-	1
	339,760,439	112,873,576	452,634,015	330,426,305	114,731,315	445,157,620
	-	307	307	-	312	312
	78,487,538	19,719,973	98,207,511	75,976,229	20,044,657	96,020,886
	-	-	-	-	-	-
	-	-	-	-	-	-
	23,682,268	4,468,699	28,150,967	22,452,512	4,606,563	27,059,075
	236,103,175	88,657,361	324,760,536	230,505,672	90,051,894	320,557,566
	1,487,458	27,236	1,514,694	1,491,892	27,889	1,519,781
	198,595	12,611	211,206	190,210	7,202	197,412
	355,362,330	123,576,097	478,938,427	346,717,145	125,962,029	472,679,174

ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED S	TATEMENT OF INCOME
	TRL THOUSAND
INCOME STATEMENT	Reviewed	Reviewed
	Current Period	Prior Period
	01.01.2016 - 31.03.2016	01.01.2015 - 31.03.2015
I. INTEREST INCOME	712,964 606,299 4,398 1,316 6 88,568 458 - 50,145 37,965 6,669 5,708 409,856 268,080 39,633 48,186 38,233 15,724 303,108 78,449 96,658 15,584 81,074 18,209 125 18,084 1 (56,149) 4,595 (84,555) 23,811 77,955 403,364 147,645 237,344 18,375 - - - 18,375 (5,404) (12,338) 6,934 12,971 - - - - - - - - - - - - - 12,971 12,124 847	551,561 500,005 585 1,042 944 38,871 119 - 16,783 21,969 7,141 2,973 294,646 205,439 25,969 29,210 23,945 10,083 256,915 74,054 87,267 16,865 70,402 13,213 76 13,137 - (55,194) 6,313 (86,224) 24,717 57,575 333,350 90,627 215,129 27,594 - - - 27,594 (1,364) (675) (689) 26,230 - - - - - - - - - - - - - 26,230 25,602 628 0.00002
1.1 Interest on loans 1.2 Interest received from reserve deposits 1.3 Interest received from banks 1.4 Interest received from money market placements 1.5 Interest received from marketable securities portfolio 1.5.1 Held-for-trading financial assets 1.5.2 Financial assets at fair value through profit and loss 1.5.3 Available-for-sale financial assets 1.5.4 Investments held-to-maturity 1.6 Finance lease income 1.7 Other interest income II. INTEREST EXPENSE 2.1 Interest on deposits 2.2 Interest on funds borrowed 2.3 Interest on money market borrowings 2.4 Interest on securities issued 2.5 Other interest expense III. NET INTEREST INCOME (I - II) IV. NET FEES AND COMMISSIONS INCOME 4.1 Fees and commissions received 4.1.1 Non-cash loans 4.1.2 Other 4.2 Fees and commissions paid 4.2.1 Non-cash loans 4.2.2 Other V. DIVIDEND INCOME VI. NET TRADING INCOME/LOSSES (NET) 6.1 Capital Market Trading gains/ (losses) 6.2 Derivative Instrument gains/(loses) 6.3 Foreign exchange gains/ (losses) VII. OTHER OPERATING INCOME VIII. NET OPERATING INCOME (III+IV+V+VI+VII) IX. PROVISION FOR LOAN LOSSES AND OTHER RECEIVABLES (-) X. OTHER OPERATING EXPENSES (-) XI. NET OPERATING INCOME/(LOSS) (VIII-IX-X) XII. AMOUNT IN EXCESS RECORDED AS GAIN AFTER MERGER XIII. GAIN / (LOSS) ON EQUITY METHOD XIV. GAIN / (LOSS) ON NET MONETARY POSITION XV. PROFIT/(LOSS) FROM CONTINUED OPERATIONS BEFORE TAXES (XI+…+XIV) XVI. TAX PROVISION FOR CONTINUED OPERATIONS (±) 16.1 Provision for current income taxes 16.2 Provision for deferred taxes XVII. NET PROFIT/(LOSS) FROM CONTINUED OPERATIONS (XV±XVI) XVIII. INCOME ON DISCONTINUED OPERATIONS
18.1 Income on assets held for sale
18.2 Income on sale of associates, subsidiaries and jointly controlled entities (Joint vent.) 18.3 Income on other discontinued operations
XIX. LOSS FROM DISCONTINUED OPERATIONS (-)
19.1 Loss from assets held for sale 19.2 Loss on sale of associates, subsidiaries and jointly controlled entities (Joint vent.) 19.3 Loss from other discontinued operations XX. PROFIT / (LOSS) ON DISCONTINUED OPERATIONS BEFORE TAXES (XVIII-XIX) XXI. TAX PROVISION FOR DISCONTINUED OPERATIONS (±) 21.1 Provision for current income taxes 21.2 Provision for deferred taxes XXII. NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XX±XXI) XXIII. NET PROFIT/LOSS (XVII+XXII) 23.1 Group’s profit/loss 23.2 Non-controlling interest Earnings pershare
	0.011

ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF GAINS AND LOS	SES RECOGNISED IN EQUITY	SES RECOGNISED IN EQUITY
	TRL THOUSAND
	Reviewed	Reviewed
	Current Period 01.01.2016 - 31.03.2016	Prior Period 01.01.2015 - 31.03.2015
I. Additions to marketable securities revaluation differences for available for sale financial assets II. Tangible assets revaluation differences III. Intangible assets revaluation differences IV. Currency translation differences V. Profit/Loss from derivative financial instruments for cash flow hedge purposes (Effective portion of fair value differences) VI. Profit/Loss from derivative financial instruments for hedge of net investment in foreign operations (Effective portion of fair value differences) VII. The effect of corrections of errors and changes in accounting policies VIII. Other profit loss items accounted under equity due to TAS IX. Deferred tax of valuation differences X. Total Net Profit/Loss accounted under equity (I+II+…+IX) XI. Profit/Loss 11.1 Change in fair value of marketable securities (Transfer to Profit/Loss) 11.2 Reclassification and transfer of derivatives accounted for cash flow hedge purposes to Income Statement 11.3 Transfer of hedge of net investments in foreign operations to Income Statement 11.4 Other XII. Total Profit/Loss accounted for the period (X±XI)	19,166 (37,261) - (613) - - - - 3,619 (15,089) 12,971 4,206 - - 8,765 (2,118)	(19,899) - - 1,714 - - - - 3,980 (14,205) 26,230 4,745 - - 21,485 12,025

	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND	ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLIDATED STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY TRL THOUSAND
Reviewed PRIOR PERIOD 01.01.2015 - 31.03.2015 I. Prior period balance Changes in period II. Increase/Decrease related to merger III. Marketable securities valuation differences IV. Hedging Funds (Effective Portion) 4 1 Cash-flow hedge 4 2 Hedge of net investment in foreign operations V. Tangible assets revaluation differences VI. Intangible assets revaluation differences VII. Bonus shares obtained from associates, subsidiaries and jointly controlled VIII. Foreign exchange differences IX. The disposal of assets X. The reclassification of assets XI. The effect of change in associate’s equity XII. Capital increase 12 1 Cash 12 2 Internal sources XIII. Share premium XIV. Share cancellation profits XV. Inflation adjustment to paid-in capital XVI. Other XVII. Period net income/(loss) XVIII. Profit distribution 18.1 Dividends distributed 18.2 Transfers to reserves 18.3 Other Closing Balance (III+IV+V+……+XVIII+XIX+XX) STATEMENT OF CHANGES IN SHAREHOLDERS’ EQUITY
	Paid-in Capital	Effect of inflation Accounting on	Share premium	Share certificate cancellation	Legal Reserves	Statutory Reserves	Extraordinary Reserves	Other Reserves	Current Period Net Income/	Prior Period	Marketable Securities	Tangible and Intangible Assets Revaluation Differences	Bonus shares obtained from Associates	Hedging Funds	Acc. valuation diff. from assets held for sale and assets	Total Equity Before Minority Shares	Non-controlling Interest	Total Equity
	1,087,187	-	4,815	-	88,931	-	813,461	(802)	-	243,565	(9,292)	207,986	-	-	-	2,435,851	42,228	2,478,079
	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - 1,714 - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- (15,919) - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - -	- (15,919) - - - - - - 1,714 - - - - - - - - - -	- - - - - - - - 73 - - - - - - - - - 1	- (15,919) - - - - - - 1,787 - - - - - - - - - 1
	- - - - -	- - - - -	- - - - -	- - - - -	- 11,976 - 11,976 -	- - - - -	- 219,919 - 219,919 -	- - - - -	25,602 - - - -	- (232,895) (1,000) (231,895) -	- - - - -	- - - - -	- - - - -	- - - - -	- - - - -	25,602 (1,000) (1,000) - -	628 - - - -	26,230 (1,000) (1,000) - -
	1,087,187	-	4,815	-	100,907	-	1,033,380	912	25,602	10,670	(25,211)	207,986	-	-	-	2,446,248	42,930	2,489,178
Reviewed CURRENT PERIOD 01.01.2016 - 31.03.2016 I. Prior period balance Changes in period II. Increase/Decrease related to merger III. Marketable securities valuation differences IV. Hedging Funds (Effective Portion) 4 1 Cash-flow hedge 4 2 Hedge of net investment in foreign operations V. Tangible assets revaluation differences VI. Intangible assets revaluation differences VII. Bonus shares obtained from associates, subsidiaries and jointly controlled VIII. Foreign exchange differences IX. The disposal of assets X. The reclassification of assets XI. The effect of change in associate’s equity XII. Capital increase 12 1 Cash 12 2 Internal sources XIII. Share premium XIV. Share cancellation profits XV. Inflation adjustment to paid-in capital XVI. Other XVII. Period net income/(loss) XVIII. Profit distribution 18.1 Dividends distributed 18.2 Transfers to reserves 18.3 Other Closing Balance (I+II+III+…+XVI+XVII+XVIII)	1,158,000 - - - - - - - - - - - - - - - - - - - - - - - - 1,158,000	- - - - - - - - - - - - - - - - - - - - - - - - - -	1,834 - - - - - - - - - - - (36) - - - - - - - - - - - - 1,798	- - - - - - - - - - - - - - - - - - - - - - - - - -	100,907 - - - - - - - - - - - - - - - - - - - - 6,109 - 6,109 - 107,016	- - - - - - - - - - - - - - - - - - - - - - - - - -	1,016,905 - - - - - - - - - - - - - - - - - - - 68,921 - 68,921 - 1,085,826	7,090 - - - - - - - - (613) - - - - - - - - - - - 32,517 - 32,517 - 38,994	- - - - - - - - - - - - - - - - - - - - 12,124 - - - - 12,124	110,179 - - - - - 37,261 - - - - - - - - - - - - - (107,547) - (107,547) - 39,893	(70,366) - 15,333 - - - - - - - - - - - - - - - - - - - - - (55,033)	163,499 - - - - - (7,225) - - - - - - - - - - - - - - - - - - 156,274	- - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - -	82,046 - - - - - (22,583) - - - - - - - - - - - - - - - - - - 59,463	2,570,094 - 15,333 - - - 7,453 - - (613) - - (36) - - - - - - - 12,124 - - - - 2,604,355	44,351 - - - - - - - - (39) - - (24) - - - - - - (86) 847 - - - 45,049	2,614,445 - 15,333 - - - 7,453 - - (652) - - (60) - - - - - - (86) 12,971 - - - - 2,649,404

ŞEKERBANK T.A.Ş. AND ITS FINANCIAL SUBSIDIARIES CONSOLI	DATED STATEMENT OF CASH FLOWS
	TRL THOUSAND
	Reviewed	Reviewed
	Curent Period 01.01.2016 - 31.03.2016	Prior Period 01.01.2015 - 31.03.2015
A. CASH FLOWS FROM BANKING OPERATIONS
1.1 Operating profit before changes in operating assets and liabilities	315,511	(245,272)
1.1.1 Interest received 1.1.2 Interest paid 1.1.3 Dividend received 1.1.4 Fees and commissions received 1.1.5 Other income 1.1.6 Collections from previously written off loans 1.1.7 Payments to personnel and service suppliers 1.1.8 Taxes paid 1.1.9 Others 1.2 Changes in operating assets and liabilities 1.2.1 Net (increase) decrease in financial assets held for trading 1.2.2 Net (increase) decrease in financial assets at fair value through profit or loss 1.2.3 Net (increase) decrease in due from banks and other financial institutions 1.2.4 Net (increase) decrease in loans 1.2.5 Net (increase) decrease in other assets 1.2.6 Net increase (decrease) in bank deposits 1.2.7 Net increase (decrease) in other deposits 1.2.8 Net increase (decrease) in funds borrowed 1.2.9 Net increase (decrease) in matured payables 1.2.10 Net increase (decrease) in other liabilities I. Net cash provided from banking operations B. CASH FLOWS FROM INVESTING ACTIVITIES II. Net cash provided from investing activities 2.1 Cash paid for purchase of entities under common control, associates and subsidiaries 2.2 Cash obtained from sale of entities under common control, associates and subsidiaries 2.3 Fixed asset purchases 2.4 Fixed asset sales 2.5 Cash paid for purchase of financial assets available for sale 2.6 Cash obtained from sale of financial assets available for sale 2.7 Cash paid for purchase of investment securities 2.8 Cash obtained from sale of investment securities 2.9 Others C. CASH FLOWS FROM FINANCING ACTIVITIES III. Net cash provided from financing activities 3.1 Cash obtained from funds borrowed and securities issued 3.2 Cash used for repayment of funds borrowed and securities issued 3.3 Capital increase 3.4 Dividends paid 3.5 Payments for finance leases 3.6 Other IV. Effect of change in foreign exchange rate on cash and cash equivalents V. Net increase / (decrease) in cash and cash equivalents VI. Cash and cash equivalents at beginning of the period VII. Cash and cash equivalents at end of theperiod	716,564 (367,601) - 96,658 101,771 (45,825) (102,970) (2,590) (80,496) (331,384) 714 - 26 534,112 416,878 (646,418) (132,351) (449,337) - (55,008) (15,873) 159,607 - - (18,349) 69,537 (264,395) 371,135 (4,458) 13,406 (7,269) (136,559) 208,738 (346,947) - - 1,650 - (17,066) (9,891) 671,522 661,631	445,202 (303,027) - 87,267 82,292 41,996 (136,733) (23,086) (439,183) 596,021 (444) - (25) (234,898) (52,967) 98,647 289,610 426,071 - 70,027 350,749 (31,495) - - (5,543) - (1,456,120) 1,280,708 (4,458) 163,579 (9,661) (311,904) 191,096 (502,000) - (1,000) - - 27,768 35,118 556,097 591,215