249
Financial Information and Risk Management
Consolidated - Financial Highlights and Key Ratios for the Five-Year Period
ASSETS (TL thousand)
2011/12
2012/12
2013/12
2014/12
*
2015/12
Cash and Equivalents
1,260,374
1,779,460
2,257,090
2,586,183
2,870,757
Banks and Receivables from Interbank Money Markets
(1)
17,545,722
18,965,235
26,479,037
28,827,380
37,303,516
Securities (Net)
48,720,930
44,782,722
43,651,041
48,248,088
52,558,209
Loans
(2)
99,432,775
115,733,719
146,136,030
169,066,501
194,860,737
Associates and Subsidiaries (Net)
3,979,038
4,398,434
4,174,551
5,611,155
4,948,894
Receivables from Finance Lease (Net)
1,376,390
1,384,455
2,034,122
2,746,199
3,199,311
Fixed Assets (Net)
3,384,754
3,511,410
3,938,176
5,529,490
9,405,417
Other Assets
8,235,847
10,519,304
12,949,093
14,458,236
20,352,131
Total Assets
183,935,830
201,074,739
241,619,140
277,073,232
325,498,972
LIABILITIES (TL thousand)
2011/12
2012/12
2013/12
2014/12
*
2015/12
Deposits
98,831,996
106,010,860
121,837,798
134,501,226
154,201,290
Funds Borrowed and Interbank Money Market Placements
(3)
45,121,027
44,483,302
65,397,271
78,385,798
98,396,171
Provisions
8,713,868
10,260,057
10,918,968
12,083,515
13,562,294
Other Liabilities
10,958,370
15,461,765
17,570,477
19,098,127
22,655,691
Shareholders’ Equity
20,310,569
24,858,755
25,894,626
33,004,566
36,683,526
Total Liabilities
183,935,830
201,074,739
241,619,140
277,073,232
325,498,972
INCOME STATEMENT
(4)
(TL thousand)
2011/12
2012/12
2013/12
2014/12
*
2015/12
Interest Income
12,081,352
14,676,856
14,853,908
17,752,690
21,406,966
Interest Expenses
6,664,356
7,834,591
7,172,014
9,282,281
11,211,101
Net Interest Income
5,416,996
6,842,265
7,681,894
8,470,409
10,195,865
Net Trading Income
446,913
871,070
378,591
664,128
(325,160)
Net Fees and Commissions Income
1,102,726
1,258,319
1,468,946
1,505,183
1,807,881
Dividend Income
171,477
205,032
238,057
292,047
256,696
Other Operating Income
4,070,527
4,571,878
4,625,333
5,124,758
5,884,632
Total Operating Income
11,208,639
13,748,564
14,392,821
16,056,525
17,819,914
Operating Expenses
6,615,795
7,783,373
8,308,239
9,499,378
10,940,293
NET OPERATING PROFIT/LOSS
4,592,844
5,965,191
6,084,582
6,557,147
6,879,621
Provision for Losses on Loans and Other Receivables
1,494,935
1,291,545
1,654,701
1,530,113
2,289,722
PROFIT/(LOSS) BEFORE TAXES
3,097,909
4,673,646
4,429,881
5,027,034
4,589,899
Provision for Taxes
708,541
958,912
823,022
1,006,617
850,228
NET PERIOD PROFIT/(LOSS)
2,389,368
3,714,734
3,606,859
4,020,417
3,739,671
KEY RATIOS (%)
2011/12
2012/12
2013/12
2014/12
*
2015/12
Interest Earning Assets
(5)
/ Total Assets
90.7
89.8
90.3
89.8
88.3
Interest Earning Assets
(5)
/ Interest Bearing Liabilities
115.9
120.0
116.5
116.9
113.8
Securities / Total Assets
26.5
22.3
18.1
17.4
16.1
Loans / Total Assets
53.8
57.1
60.1
60.5
59.3
Loans / Deposits
100.2
108.2
119.2
124.6
125.1
Retail Loans / Total Loans
25.9
26.8
26.7
25.5
24.4
NPL Ratio
2.1
1.8
1.7
1.6
2.0
Coverage Ratio
100.0
76.8
77.9
74.3
73.8
Demand Deposits / Total Deposits
19.3
20.1
21.5
22.4
22.9
Shareholders’ Equity / Total Liabilities
11.0
12.4
10.7
11.9
11.3
Capital Adequacy Standard Ratio
14.1
16.3
14.3
15.7
15.1
Return on Average Assets
(6)
1.4
1.9
1.6
1.5
1.2
Return on Average Equity
(6)
12.1
16.7
14.3
13.4
10.7
Cost / Income
(7)
48.4
47.1
49.1
50.1
51.6
OTHER INFORMATION (TL thousand)
2011/12
2012/12
2013/12
2014/12
*
2015/12
Regulatory Capital
21,187,094
27,325,571
30,567,360
38,653,387
41,654,637
Core Capital
19,841,319
22,715,413
25,607,957
32,704,560
35,428,502
Free Capital
(8)
13,021,182
16,535,929
17,332,191
21,280,547
21,427,087
Demand Deposits
19,054,431
21,346,638
26,161,926
30,101,859
35,239,348
(*)
Accounting policy change which was made in 2015 was applied retrospectively, and 2014 financial tables are corrected in accordance with the restatement.
(1)
Includes Deposits at the Central Bank and Reserve Requirements
(2)
Excludes Receivables under Follow-up
(3)
Includes TRY, FC bond issuances and subordinated debts
(4)
Fees and Commissions Received from Cash Loans are shown under Interest Income; Fees and Commissions Paid to Cash Loans are shown under Interest Expense.
(5)
Interest Earning Assets include TRY and FC reserves at Central Bank, which are currently paid 0% interest.
(6)
Averages are calculated over quarter figures. For 2015/12 and 2014/12 periods, average figures were calculated corrected over the year-end balances.
(7)
Insurance Technical Income and Expense remainders were clarified.
(8)
Free Equity = Shareholders’ Equity - (Fixed Assets+Non-Financial Associates and Subsidiaries+Receivables Under Follow-Up-Specific Provisions)
