march 31, 2013 - türk ekonomi bankası€¦ · 2011 2012 1q 2012 2q 2012 3q 2012 4q 2013 1q...

TEB March 31, 2013

Summary Balance Sheet- BRSA, Consolidated

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Source: TEB, BRSA Consolidated Financials

(Million TL) 31.03.2012 30.06.2012 30.09.2012 31.12.2012 31.03.2013

Liquid Assets 5,353 5,779 6,846 7,158 7,620

Marketable Securities 5,146 5,062 5,166 4,802 5,556

Loans 28,253 30,631 31,100 31,750 34,626

Other Assets 1,765 1,681 1,793 2,152 1,767

Total Assets 40,517 43,153 44,905 45,862 49,569

Deposit 24,883 26,438 29,162 29,960 32,040

Funds Borrowed 7,096 8,000 6,440 6,010 6,289

Bond Issued 292 400 494 494 527

Repo 494 453 34 65 1,718

Subordinated Debt 686 790 1,029 1,037 1,033

Other Liabilities 2,489 2,359 2,878 3,296 2,824

Shareholders Equity 4,577 4,713 4,868 5,000 5,138

Liab.&Shr.Equity 40,517 43,153 44,905 45,862 49,569

Summary Income Statement –BRSA, Consolidated

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(Million TL) 31.03.12 31.03.13 % change

Net Interest Income 434.3 529.0 21.8%

Gains/Loss From Derivatives and FX position -29.6 10.4

Securities Trading Gain/ Loss 0.7 46.1

Net Fee&Commissions 126.7 163.8 29.2%

Other Income 16.9 15.7

Net Banking Income 547.6 764.9 39.7%

Loan Provision Expense -37.1 -107.8 190.5%

Net Operating Income 510.5 657.1 28.7%

Other Operating Expense -363.7 -415.9 14.4%

Tax Provisions -36.0 -59.5 65.1%

Net Profit 110.7 181.7 64.1%

Balance Sheet Growth

Asset Composition Liability Composition

Strong start to year with 8 % balance sheet growth, commitment to core banking intact


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40.517

43.15244.905

45.86249.569

0%

7%4% 2% 8%

31.03.12 30.06.12 30.09.12 31.12.12 31.03.13

Total Assets Variance

61% 61%65% 65% 65%

21% 22%18% 17%

19%

6% 5% 6% 7% 6%

11% 11% 11% 11%10%

31.03.12 30.06.12 30.09.12 31.12.12 31.03.13

Deposit Funds Borrowed Other Liabilities Shareholders Equity

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Balanced growth among the business lines and in retail composition

Loan Composition (Q o Q, bank only)

Source: TEB, BRSA Bank- Only Financials

Breakdown of retail loans (bank-only)

LoB Cross Sell

Corporate 5.5X

SME 3.9X

Retail 3.9X

Private 4.9X

Corporate; 22.94%

SME; 46.18%

Retail; 30.70%

Private; 0.18%

2012 4Q

Corporate; 23.80%

SME; 45.49%

Retail; 30.47%

Private; 0.24%

2013 1Q

Corporate

SME

Retail

Private

37% 47% 46% 46% 47% 46% 46%

8%

8% 8% 8% 8% 8% 7%

39% 30% 31% 31% 30% 30% 31%

16% 15% 16% 16% 16% 16% 16%

2010 2011 2012 1Q 2012 2Q 2012 3Q 2012 4Q 2013 1Q

Credit Cards

Consumer

Vehicle

Housing

6

Good asset quality maintained despite increasing share of retail

Source: TEB, BRSA Bank-Only Financials

Non-Performing Loans as a % of Total Loans

Coverage: 59%

1.10% 0.90%

1.75%

2.25%

4.66%

3.00% 2.80% 2.80%

2.28% 2.54%

2.14% 2.24%

4.90%

3.70% 3.60%

3.50%

5.18%

3.58%

2.70% 2.72% 2.63% 2.68%

2.84% 2.94%

TEB

Sector Average

Balanced distribution among industries


Other 10.26%

Textile 6.65%

Metal 6.34%

Consumer 25.35% Construction 9.40%

Food, Beverage & Tobacco 6.73%

Wholesale/Retail 6.21%

Tourism 5.62%

Chemicals 3.64%

Misc. Services 5.96%

Transportation Veh. 2.57%

Agriculture 4.09% Machinery

3.26% Mining 2.16%

Elect. & optical appliances 1.76

Marketable Securities are making up 11% of total assets


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90%

10%

2012 4Q

Total Securities Composition

The FX portfolio is very small and it is all fixed rate.

Currency composition

74% 74%

26% 26%

2012 2013 1Q

Interest Rate Composition

Floating

Fixed

74% 74%

26% 26%

2012 2013 1Q

TL

Floating

Fixed

99.3% 99.5%

0.7% 0.5%

2012 2013 1Q

FC

TL

87%

13%

2013 1Q

AFS

Trading

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Steady increase in deposits with higher share of retail and SME

Time/Demand Deposit Composition

Source: TEB, BRSA Bank Only Financials

TL/FX Deposit Composition

Corp; 24,65%

SME; 18.52%

Retail; 37.03%

Private; 19.80%

2012 4Q Loan/Deposit Rato

Corporate; 24.27%

SME; 19.41%

Retail; 35.50%

Private; 20.82%

2013 1Q

Corporate

SME

Retail

Private

• *Loans (net) / Total Deposits (including banks)

• ** Source: BRSA's weekly report

83% 87% 91% 94% 95% 97% 98% 98% 99% 101% 109%

121%

135%

119% 112% 111% 113%

103% 103% 105%

31.12.10 31.03.11 30.06.11 31.09.11 31.12.11 31.03.12 30.06.12 31.09.12 31.12.12 13-Q1 (**)

Sector

TEB

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COR - mostly due to general provisions, NIM is normalizing


Annualized NII / / Avr of past YtD quarter-end Loan and MS for cum.line

/ Avr of last 2 quarter-end Loan and MS for quarterly line

Comfortable CAR supporting growth

Net Interest Margin Cost of Risk

13.98% 13.99% 13.88%

15.08% 14.84%

14.03%

14.23% 14.23%

14.21%

15.63% 15.24%

14.40%

2011 2012 1Q 2012 2Q 2012 3Q 2012 4Q 2013 1Q

Consolidated Bank-Only

COR includes specific and general as well as other provision expenses Cum.ratio = annualized Provision Exp. (incl.GLLP) / Avr quarter-end Loans. Quar.ratio = annualized Provision Exp. (incl. GLLP) / Avr of last 2 quarter-end Loans

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C/I ratio on the declining trend implying better efficiency

Cost / Income Ratio

Cost/Income Ratio (restructuring costs not included)


No restructuring costs will be booked in 2013, the comparative analysis is

given to present the effect of restructing costs in 2012 as well as the

improvements in efficiency that is not associated with restructuring costs.

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TEB in numbers

As of 31/03/2013 – Number of Clients: 4.7 million

– Number of Branches: 529

– Total Staff: 9757

TEB is present in 70 cities out of 81

Van

Konya

Nevşehir

Kırşehir

Sinop Bartın

Çankırı

Bilecik

Tokat

Bitlis

Hakkari Şırnak

Siirt

Karaman

Balıkesir

Afyon

Uş ak

Aydın

İzmir

Edirne

Kırklareli

İstanbul Tekirdağ

Çanakkale

Kocaeli

Yalova

Zonguldak

Kastamonu

Samsun

Ankara Kırıkkale

Aksaray

Isparta

Burdur

Antalya

Mersin

Niğde

Yozgat

Amasya Ordu

Adana

Hatay

G.Antep

K.Maraş

Malatya

Adıyaman

G.Hane

Muğla

Düzce

Osmaniye

Kilis

Sakarya

Bayburt

Denizli Aydın

Uşak

Manisa

Bingöl Tunceli

Van

Muş

Ş.Urfa

Elazığ

Diyarbakır

Mardin

Batman

Erzincan

Giresun Trabzon

Rize

Eskişehir

Bursa

Kütahya

Bolu

Sivas

Çorum

Kayseri

Karabük Ardahan

Ağrı

Iğdır

Artvin

Kars

Erzurum

184

19

1

2

1

2

43

24

1

6

5

2

1

2

24 3

2

6

4

1 3

2

1

2 5

9

1

5

1

41

3

1 1

1

6

1

2

12

9

1

3

7

2 12

1

3 1

6

1

4

5 5

2

1

2

2

3

1

1

1

1

1

4

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Ratings of TEB

FITCH Rating Outlook

Short Term LC F2

Long Term LC BBB + Stable

Short Term FC F3

Long Term FC BBB Stable

Individual bbb-

National AAA (tur) Stable

Support 2

MOODY'S Rating Outlook

Banking Financial Strength Rating D+ Negative

Long Term FC Bank Deposits Ba2/NP Stable

Long Term LC Bank Deposits Baa3/P-3 Stable

A Major Player of the Turkish Financial Services Market

TEB Investment 5th largest brokerage &

investment house of

Turkey with 4.3% market

share as of 1Q 2013

TEB Asset Management

6th largest asset

management company

with 5.6% market share

as of 1Q 2013

TEB Leasing

4th largest leasing

company in Turkey with

8.8% market share as

of 1Q 2013

TEB Factoring

3rd largest factoring

company in Turkey with

9.6 % market share as

of 4Q 2012

TEB Cetelem Consumer finance company in

Turkey with 7.4%market share as of

1Q 2013

TEB Kosovo Operative since January

2008, with 24 branches, as

of 1Q 2013

Loans: €228M

Deposits: € 288M

TEB Arval Operative since

October 2007, 5%

market share as of 1Q

2013

TEB

Full range of banking services

TEB N.V.

“Turkish specialist” in

the EU market, total

asset size is EUR 710

mio as of 1Q 2013

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BNPP Cardif Insurance

A major global player for personal insurance

Turkish operations fully owned by BNP ParibasCardif (S&P AA rated),100% subsidiary of BNP Paribas

%3 market share in Turkey in protection insurance & pension

Disclaimer

The information and opinions obtained in this document have been compiled or arrived at by TEB from sources believed to be reliable, but no representation or warranty is made as to their accuracy, completeness or correctness. All opinions and estimates contained in this document constitute TEB’s judgement as of the date of this document and are subject to change without notice. This document is published for the assistance of the recipients, but is not to be relied upon as authoritative or taken in subtitution for the exercise of judgement by any recipient. TEB does not accept any liability for any direct or consequential loss arising from any use of this document or its contents. This document is strictly confidential and may not be reproduced, distributed or published for any purpose.

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march 31, 2013 - türk ekonomi bankası€¦ · 2011 2012 1q 2012 2q 2012 3q 2012 4q 2013 1q...

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