80 İşbank
Annual Report 2015
Explanations on Financial Condition, Profitability
and Solvency
In 2015, the total assets of İşbank increased by 16.0% and reached TL 275.7 billion.
The major contribution to the asset growth was made by total loans that increased by 14.0% and reached TL 177.0 billion in 2015. In the
same period, TL loans increased by 12.7%, as FX loans increased by 16.4%. There is a decrease in FX loans by 6.0%when adjusted for the
change in exchange rate.
As of 2015, 64.2% and 16.2% of total assets is composed of loans and securities portfolio, respectively.
İşbank’s non-performing loans ratio at 2.0% continued to stay below the sector average as in the previous periods. The NPL coverage ratio
is 75.1% as of 2015 year-end.
In 2015, total deposits increased by 15.2% and reached TL 153.8 billion. In this period, there was a limited increase in TL deposits by 0.3%,
while FX deposits raised by 33.0%. The increase in FX deposits is 7.4%when adjusted for the change in exchange rate. In 2015, TL savings
deposits increased by 5.0% and reached TL 52.6 billion. Being one of the most important indicators of the widespread and consistent
deposit base of İşbank, share of TL savings deposits in total deposits is 34.2% as of 2015 year-end.
In 2015, deposits continued to be the main funding resource with 55.8% share in total liabilities. Moreover, within the framework of its
policies that aim resource diversification and extending the maturity structure, throughout 2015, İşbank continued to deploy non-deposit
resources (such as loans, repurchase transactions and securities issues). In 2015, the share of non-deposit resources in total liabilities was
26.2%.
In 2015, İşbank’s shareholders’ equity increased by 9.3% and reached TL 32.0 billion. As of 2015 year-end, the Bank’s capital adequacy ratio
stood at 15.6%, which was well above the required legal limit.
In 2015, although the net interest margin somewhat decreased, İşbank’s net interest income increased by 20.5% as a result of the rise in
loan portfolio and interest earning assets.
Net fees and commissions increased by 19.2% in 2015.
In 2015, İşbank’s net profit stood at TL 3.1 billion TL while the Banks’s return on equity and return on assets were 10.4% and 1.2%,
respectively.
