İşbank continued diversification of funding sources in the
sector.
In addition to deposits, which represent the main source of
funding, the banking sector met its financing needs through
international loans raised from abroad and funds from repo
transactions in 2013. In addition, securities issued made a
contribution to the banking sector’s balance sheet.
The stock of securities issued increased by 60% in 2013,
reaching TL 61 billion, up from the TL 37.9 billion in 2012.
Capital adequacy ratio remains high.
The sector’s capital adequacy ratio decreased slightly when
compared to the end of 2012, but maintained its high level at
15.3% as of December 2013. The sector’s net profit increased
by 4.9%YoY, reaching TL 24.7 billion by the end of 2013.
Developments in the Turkish Banking Sector in 2013
Banking sector maintains stable growth.
In 2013, the banking sector maintained its growth performance
in terms of
-asset size,
-new branch openings and
-employment.
The banking sector’s total asset volume increased by 26.4%
YoY, reaching TL 1,732 billion by the end of 2013.
With the help of the recovery in domestic demand conditions,
the increase in loan volume gained pace in 2013. The CBRT’s
decisions to cut interest rates in the first half of 2013 had a
favorable impact on the banking sector’s funding costs. On
the other hand, the tightening in the monetary policy in the
remainder of the year caused a rise in funding costs again.
Furthermore, the BRSA revised the calculation method of
capital adequacy ratio. In addition, the Agency also took steps
to limit the number of installments in credit cards, loan to value
ratio in vehicle loans and maturity in consumer loans.
Banking Sector
In addition to deposits, which represent the main
source of funding, the banking sector met its
financing needs through loans raised from abroad
and funds from repo transactions in 2013.
TL Deposits
FC Deposits
Loans
Source: BRSA Monthly Bulletin.
(*)
Includes Participation Banks.
-5
J
F
M
A
M
J
J
A
S
O
N
D
0
5
10
15
20
25
30
35
40
Deposits and Loans in 2013
(*)
(Change Compared to Year-end 2012) (%)
Activities
26
İşbank
Annual Report 2013
