1. Özgür ERKER Assistant General Manager Treasury and Financial Institutions Division 30 June 2012

2. Growth in Number (%) International Assumption201020112012e2013e2014e World Growth 4.02.93.23.53.7 US Growth 3.01.72.52.02.2 EU27 Growth 2.01.6-0.51.01.5 MENA Growth 4.13.33.04.04.5 GCC Growth 4.96.64.34.94.7 Turkey Growth 9.28.52.85.25.0 World Trade Growth 14.16.04.05.56.0 Oil Price 79.6111114105108 Source: A&T Bank Research Global growth will gradually recover in 2012 from the trough in 2011Q4 and will be between 3%-3,5% in 2012. Risks to the global growth outlook are strongly tilted to the downside as the European crisis continues. Emerging economies are on track for a soft landing.

3. 3 MENA Middle East and North Africa regional forecast Source: IMF

4. 4 Libya at a glance.. Key Indicators2011201220132014 Real GDP growth (%)-30.928.812.68.6 Consumer Price Inflation (av,%)15.92.82.62.5 Budget Balance (% of GDP)-7.011.28.04.2 Current Account Balance (% of GDP)8.536.431.327.2 Exchange Rate LD/USD1.221.251.261.28 Exchange Rate LD/EUR1.71.631.621.6 Economic Outlook Source: Economist Intelligence Unit - A&T Bank Research

5. 5 Libya at a glance.. POLICY TREND Interest Rates2010201120122013 Lending interest rate (av; %) 6.0 6.5 Deposit interest rate (av; %)2.53.03.5 Money market interest rate (av; %) 5.0 5.5 Money market spread over US T-bills486495544547 Real money market rate2.4-10.42.68.7 Source: Economist Intelligence Unit - A&T Bank Research

6. 6 Libya at a glance.. FISCAL OUTLOOK Fiscal Indicators (% of GDP)20102011201220132014 General Government Expenditure 52.537.64146.251.5 General Government Revenue59.330.652.154.255.7 General Government Budget Balance 6.7-7.011.28.04.2 General Government Debt3.24.222.62.4 Source: Economist Intelligence Unit - A&T Bank Research

7. 7 Libya at a glance.. MONETARY POLICY Monetary Indicators2010211201220132014 Exchange rate LD/USD (av) 1.271.221.251.261.28 Exchange rate LD/USD (year-end)1.25 1.261.271.29 Exchange rate LD/EUR(av) 1.681.71.63 1.62 Exchange rate LD/EUR (year-end)1.681.661.63 1.6 Purchasing power parity LD/USD (av) 0.840.81.010.920.89 Money supply (M2) growth (%)-0.615.5-4.721.823.9 Domestic credit growth (%) 11-1552224 Lending rate (av; %)666.5 6 Deposit rate (av; %) 2.533.5 3 Money market rate (av; %)555.5 5.2 Source: Economist Intelligence Unit - A&T Bank Research

8. 8 Libya at a glance.. International Relations Foreign Direct Investment (USD m)20102011201220132014 Inward direct investment 1.784898922.6765.352 Inward direct investment (% of GDP)2.20.20.92.65 Inward direct investment (% of gross fixed invest.) 17.35.322.442.670 Outward direct investment-2.772-136-272-817-1.389 Net foreign direct investment -938-476201.8593.964 Stock of foreign direct investment16.04116.1317.02219.69825.05 Stock of foreign direct investment per head (USD) 2.4512.7112.8033.1653.946 Stock of foreign direct investment (% of GDP)19.627.217.519.523.6 Memorandum items Share of world inward direct investment flows (%)0.20.010.070.190.35 Share of world inward direct investment stock (%) 0.10.090.10.110.14 Source: Economist Intelligence Unit - A&T Bank Research

9. 9 Libya at a glance.. Foreign Trade External trade 2007200820092010 Main destinations of exports (% share) Italy40.138.13727.2 France6.37.48.213.7 China3.23.88.29.7 Spain7.56.97.89.6 Main origins of imports (% share) Italy13.919.71714.5 China5.48.2109.2 Turkey45.598.7 South Korea2.54.26.26.3 Principal exports (% share) Hydrocarbons products (% share)97.59869.782.8 Volume and prices (% change) Export volume of goods6.3-7-120.9 Import volume of goods98.24.59.3 Export prices11.234.3-36.728.7 Import prices8.218.6-3.55.6 Source: Economist Intelligence Unit - A&T Bank Research

10. 10 Libya at a glance.. Country Strong Points  Its geographical location  Considerable natural wealth  Inflows of money associated with oil  The force of private consumption and public investment  Opening up and liberalization policies which favor private investment and should revitalize Libya's economy  Low foreign debt  A dynamic demography

11. 11 Libya at a glance.. Country Weak Points  The State is omnipresent in the economy  Extremely dependent on oil resources  An inefficient administration which hinders the development of the private sector  Lack of credit, control of price and changes, constraining economic growth  Imports restrictions  A high unemployment rate  Finally, even if Libya's rehabilitation in the international community has given confidence to investors, structural reforms remain essential

12. 12 Trade Relationship between Libya and Turkey Total Export& Import Between Libya and Turkey since 1996 Libya is the seventh largest trade partner of Turkey in Africa by 2011

13. 13 Exports Turkish goods exports to Libya in 2011 decreased to 747 million USD, from 1.9 billion USD in 2010.  Animal and vegetable oils, fats and waxes (157 million USD)  Articles of apparel and clothing accessories (70 million USD)  Iron - steel, (55 million USD)  Manufactures of metals (48 million USD)  Textile yarn, fabrics, made-up articles (46 million USD) I mports Turkish goods imports from Libya totaled 139 million USD in 2011, down 67.1% (425 million USD) from 2010, and decreased 83% from 2001.  Petroleum, petroleum products and related materials (55 million USD)  plastics in primary forms (26 million USD)  organic chemicals (19 million USD)  manufactures of metals (9 million USD)  iron and steel (5 million USD)

14. 14 First 4 months Comparision of Export to Libya

15. 15 A&T Bank, with 35 years of established history originally operated as a joint venture between Libyan Foreign Bank (62.37%), Turkiye İs Bank A.S. (20.58%), T.C. Ziraat Bank A.S. (15.43%) Kuwait Investment Co (1.62%). From the outset trade finance was a strong feature of the local and international business of the A&T Bank, an expertise that has been recognized throughout its history. The role conceived for A&T Bank was unique for relations with Turkey in Libya.

16. 16 A&T Bank by Volumes of Trade Finance Products in Libya Trade volumes by products with Libya can be viewed in below tables.