teb 30 june 2017 · pdf fileshareholders equity 7,799 8,401 liab.&shr.equity 79,727...

TEB

30 June 2017

Summary Balance Sheet

2

Source: TEB BRSA Consolidated Financials

TÜRK EKONOMİ BANKASI A.Ş.

Consolidated (in Mn TL)

31.12.16 30.06.17

Liquid Assets 15,261 12,286

Marketable Securities 4,671 4,251

Loans 58,073 61,518

Other Assets 3,386 3,837

Total Assets 81,391 81,893

Deposit 49,811 51,434

Funds Borrowed 14,360 12,880

Bond Issued 739 472

Repo 1,501 480

Subordinated Debt 2,300 2,425

Other Liabilities 4,818 5,745

Shareholders Equity 7,862 8,458

Liab.&Shr.Equity 81,391 81,893

Summary Income Statement

3



Consolidated (in Mn TL, cumulative)

30.06.16 30.06.17 YoY Chg

Net Interest Income 1,695.7 2,037.3 20.1%

Gains/Losses From Derivatives and FX position -210.6 -512.0

Securities Trading Gain/ Loss 8.1 6.7

Net Fee&Commissions 521.4 548.8 5.2%

Other Income 262.6 208.9 -20.5%

Net Banking Income 2,277.2 2,289.6 0.5%

Loan Provision Expense -343.0 -331.1 -3.5%

Net Operating Income 1,934.2 1,958.5 1.3%

Other Operating Expense -1,189.2 -1,216.1 2.3%

Dividend Income 0.8 0.9

Tax Provisions -155.5 -159.0 2.3%

Net Profit 590.3 584.3 -1.0%

Asset and Liability Composition

4


78,571 79,20981,391 83,081 81,893

3% 1% 3% 2%-1%

30.06.16 30.09.16 31.12.16 31.03.17 30.06.17

Balance Sheet Growth

Total Assets Variance

16.5% 18.7% 18.8% 18.3% 15.0%

7.1% 5.6% 5.7% 6.6%5.2%

72.2% 71.9% 71.4% 70.9%75.1%

4.2% 3.9% 4.2% 4.2% 4.7%

30.06.16 30.09.16 31.12.16 31.03.17 30.06.17

Asset Compositions

Liquid Assets Marketable Securities Loans Other Assets

59.9% 60.4% 61.2% 61.5% 62.8%

23.9% 23.4% 23.2% 22.2% 19.8%

6.6% 6.4% 5.9% 6.3% 7.0%

9.5% 9.8% 9.7% 9.9% 10.3%

30.06.16 30.09.16 31.12.16 31.03.17 30.06.17

Liability Compositions

Deposit Funds Borrowed Other Liabilities Shareholders Equity

A Closer Look into Loans

5

Source: TEB BRSA Bank only Financials

LOB Cross Sell

Corporate 5.7X

SME 3.2X

Retail 3.5X

Private 6.0X

81% 80% 79% 80% 81%

19% 20% 21% 20% 19%

55,393 55,449 56,364 57,27559,958

30.06.16 30.09.16 31.12.16 31.03.17 30.06.17

Loan Compositions

TL Loans FX Loans Total Loans

54.4% 55.4% 55.2% 55.0% 54.0%

29.9% 28.7% 28.7% 29.3% 30.0%

12.6% 12.8% 12.9% 12.6% 13.0%

3.1% 3.1% 3.2% 3.1% 2.9%

30.06.16 30.09.16 31.12.16 31.03.17 30.06.17

Breakdown of Retail Loans

Housing Consumer Credit Cards Vehicle

Corporate; 24.27%

SME; 47.44%

Retail; 27.86%

Private; 0.43%

Performing Loans, 2016 Q4

Corporate; 23.21%

SME; 49.76%

Retail; 26.61%

Private; 0.42%

Performing Loans, 2017 Q2

NPL and Coverage Ratios

6


NPL Ratio

0.9%

1.8%2.3%

4.6%

3.0%

2.8%

2.1% 2.2% 2.4% 2.3%

3.1% 3.2% 3.2%

3.8%3.5% 3.7%

5.3%

3.6%

2.7%

2.8% 2.7% 2.8%3.1% 3.2% 3.1% 3.0%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 17-Q1 17-Q2

TEB Sector

Coverage Ratio

67.5%

60.2%

52.6%56.0%

65.9%71.3%

60.0% 60.8%64.2%

67.3% 68.5%64.4%

61.6%

89.7%86.8%

79.8%83.6% 83.8%

79.4%75.2% 76.4%

73.8% 74.6%77.4% 77.9% 78.0%

2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 17-Q1 17-Q2

TEB Sector

Construction; 13.30%

Textile and Leather Products; 7.81%

Food, Beverage and Tobacco; 8.47%

Other; 7.68%

Metal Products; 7.27%

Motor Vehicles; 5.24%

Finance and Insurance; 5.67%

Transportation and Storage; 3.79%

Agriculture, Forestry and Fishing; 4.90%

Chemical Products; 4.14%

Wholesale and Retail Trade; 3.98%

Machinery and Equipment; 3.07%

Electrical Apparatus; 2.97%

Precious Metal; 2.82%

Administrative and Technical Activities; 2.87%

Tourism; 2.75%

Wood Products; 2.32%

Potential Taxpayers; 1.55%

Fuel Products; 2.15%

Other Minerals and Mining; 1.71%

Computer, Electronic and Optical Products; 1.47%

Information and Communication; 1.58%

Rubber and Plastic; 1.46%

Food and Beverage Services (Restaurants); 1.05%

Sectoral Breakdown of Loan Portfolio(*)

7

(*) incl. non-cash balance, excl. retail loans

Composition of marketable securities

8


PS: The FX portfolio is vey small and it is all f ixed rate.

Total Securities Compositions Interest Rate Compositions

46%31%

54%69%

2016 Q4 2017 Q2

Total Securities

Floating

Fixed

45%29%

35%

48%

20% 23%

2016 Q4 2017 Q2

TL Portfolio

CPI Linkers

Floating

Fixed

98.7%

1.3%

2016 Q4

TL

FC

96.7%

3.3%

2017 Q2

TL

FC

87.9%

4.4%

7.7%

2016 Q4

AFSTradingHTM

86.8%

4.0%9.2%

2017 Q2

AFSTradingHTM

A Closer Look into Deposits

9


64% 65%

59%54%

57%

36% 35% 41% 46% 43%

47,095 47,87549,833 51,140 51,633

30.06.16 30.09.16 31.12.16 31.03.17 30.06.17

TL/FX Deposit Compositions

TL Deposits FX Deposits Total Deposits

85% 87% 85% 84% 83%

15% 13% 15% 16% 17%

7,1526,442

7,6298,206

8,750

30.06.16 30.09.16 31.12.16 31.03.17 30.06.17

Time/Demand Deposit Compositions

Time Deposits Demand Deposits Demand Deposits

103% 111%115% 120%

113% 112% 116%

99%107% 113% 115% 115% 117% 118%

12-Q4 13-Q4 14-Q4 15-Q4 16-Q4 17-Q1 17-Q2

Loan / Deposit Ratio

TEB Sector

Corporate; 20.13%

SME; 17.66%

Retail; 35.33%

Private; 26.87%

Total Deposits, 2016 Q4

Corporate; 17.74%

SME; 19.15%

Retail; 38.85%

Private; 24.26%

Total Deposits, 2017 Q2

Evolution of Cost of Risk

10

(1) COR includes specific and general as well as other

provision expenses

Cumulative ratio = annualized Provision Exp. (incl.GLLP) /

Average quarter-end Loans.

Quarterly ratio = annualized Provision Exp. (incl. GLLP) /

Average of last 2 quarter-end Loans


Cost of Risk (GLLP)

-0.11%

0.02%

-0.36%

0.08%0.13%

0.01% 0.02%

-0.08%

0.08% 0.07%

16-Q2 16-Q3 16-Q4 17-Q1 17-Q2

Quarterly Cumulative

Cost of Risk (SLLP)

0.24% 0.39%

2.94%

0.52% 0.59%0.39% 0.39%

1.04%

0.52%0.30%

16-Q2 16-Q3 16-Q4 17-Q1 17-Q2


Cost of Risk (1)

0.99%1.22%

3.57%

0.61% 0.72%

0.84%0.97%

1.63%

0.61% 0.67%

16-Q2 16-Q3 16-Q4 17-Q1 17-Q2


Other Significant Ratios

11


(1) Annualized NII /

/ Avr of past YtD quarter-end Loan and MS for

cumulative line

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

quarterly line

Comfortable CAR supporting growth

13.7% 14.2% 14.1%15.1%

16.4%

14.0% 14.5% 14.4%15.4%

16.7%

16-Q2 16-Q3 16-Q4 17-Q1 17-Q2

Consolidated Bank-Only

Cost / Income Ratio

51.2%50.6%

48.9%49.6%

56.1%

51.9% 51.5%50.8%

49.6% 52.7%

16-Q2 16-Q3 16-Q4 17-Q1 17-Q2


Net Interest Margin (1)

5.7%6.0%

5.8%

6.4% 6.4%

5.6% 5.7% 5.7%

6.4% 6.4%

16-Q2 16-Q3 16-Q4 17-Q1 17-Q2


TEB’s Network

12 12 12

TEB is present in 71 cities out of 81

As of 30/06/2017

Number of Clients: 5 million

Number of Branches: 515

Total Staff: 9,541

ATM: 1,710

POS: 117,824

12

4

Van

Konya

Kırşehir

Sinop

Çankırı

Bilecik Tokat

Bitlis

Hakkari Şırnak

Siirt

Karaman

Balıkesir

Afyon

Uş ak

Aydın

İzmir

Edirne

Kırklareli

İstanbul Tekirdağ

Çanakkale

Kocaeli

Yalova

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

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

165

14

1

3

1

2

40

1

7

1

1

2

2

7

4

1 4

2

1

1 5

1

1

41

3

1 1

1

1

2

13

3

1 12

1

3 1

7

2

7

2

2

2

4

1

1

1

1

Bartın

Sakarya

Zonguldak

Bayburt

Nevşehir

1

1

1

1

13

2

1

1

3

Cities with branches

Cities with no branches presence

26

2

1

3

8

2

2 6

3

6

10

4 25

8

13

APPENDIX

14

Summary Balance Sheet



Bank only (in Mn TL)

31.12.16 30.06.17

Liquid Assets 15,237 12,255

Marketable Securities 4,668 4,248

Loans 56,364 59,958

Other Assets 3,458 3,903

Total Assets 79,727 80,365

Deposit 49,833 51,633

Funds Borrowed 12,839 11,565

Bond Issued 739 472

Repo 1,458 371

Subordinated Debt 2,300 2,425

Other Liabilities 4,759 5,499

Shareholders Equity 7,799 8,401

Liab.&Shr.Equity 79,727 80,365

15

Summary Income Statement



Bank only (in Mn TL, cumulative)

30.06.16 30.06.17 YoY Chg

Net Interest Income 1,661.9 2,001.8 20.5%

Gains/Losses From Derivatives and FX position -209.4 -509.2

Securities Trading Gain/ Loss 8.1 6.8

Net Fee&Commissions 495.9 521.3 5.1%

Other Income 262.6 208.4 -20.6%

Net Banking Income 2,219.1 2,229.2 0.5%

Loan Provision Expense -334.9 -327.6 -2.2%

Net Operating Income 1,884.2 1,901.6 0.9%

Other Operating Expense -1,152.1 -1,174.9 2.0%

Dividend Income 20.7 18.8 -9.1%

Discontinued Operations Income

Tax Provisions -152.8 -155.8 1.9%

Net Profit 600.0 589.7 -1.7%

Ratings of TEB

16

FITCH Rating Outlook

Long Term LC BBB- Stable

Short Term LC F3

Long Term FC BBB- Stable

Short Term FC F3

Viability Rating bb+

National AAA (tur) Stable

Support 2

MOODY'S Rating Outlook (*)

Long Term FC Bank Deposits Ba2 Negative

Short Term FC Bank Deposits NP

Long Term LC Bank Deposits Ba1 Negative

Short Term LC Bank Deposits NP

Baseline Credit Assessment ba3

Adjusted Baseline Credit Assesment ba1

17

A Major Player of the Turkish Financial Services Market

17

TEB

Full range of banking

services

TEB Factoring

6.02 % market share as of 1Q

2017

TEB Investment

11th largest brokerage &

investment house of Turkey with

3.86% market share at Borsa

İstanbul Equity Market as of 2Q

2017 and 3th largest brokerage &

investment house of Turkey with

9.63% market share at Borsa

İstanbul Derivatives Market as of

as of 2Q 2017

TEB Asset

Management

9th largest asset management

company with 3.7% market

share as of 2Q 2017

TEB Arval

Operative since October 2007,

6.3% market share as of 4Q

2016

BNPP Leasing

7.1% market share as of 1Q

2017

TEB Cetelem

Consumer finance company in

Turkey with 4.05% market

share as of 2Q 2017

BNPP Cardif

Insurance A major global player for

personal insurance

Turkish operations fully owned

by BNP ParibasCardif (S&P A-

rated),100% subsidiary of BNP

Paribas

%3 market share in Turkey in

protection insurance & pension

TEB Kosovo Operative since January 2008,

with 26 branches, as of 2Q

2017

Loans: €357M

Deposits: € 335M

Disclaimer

18

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.

teb 30 june 2017 · pdf fileshareholders equity 7,799 8,401 liab.&shr.equity 79,727...

Documents