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İŞBANK
ANNUAL REPORT 2014
FINANCIAL INFORMATION AND
RISK MANAGEMENT
FINANCIAL HIGHLIGHTS AND KEY RATIOS
FOR THE FIVE-YEAR PERIOD
Unconsolidated
ASSETS (TL thousand)
2010/12 2011/12
2012/12 2013/12 2014/12
Cash and Equivalents
1,253.650 1,231,464 1,756,595
2,219,817
2,557,158
Banks and Receivables from Interbank Money Markets
(1)
10,454,093 14,802,918 15,634,097 22,335,328 23,442,769
Securities (Net)
45,436,557 42,778,027 38,054,734 36,866,263 40,856,011
Loans
(2)
64,231,678 91,620,638 106,715,770 134,843,374 155,315,498
Associates and Subsidiaries (Net)
6,264,039 6,275,017 7,699,954 7,760,771
9,624,972
Fixed Assets (Net)
1,918,459 1,983,314 1,998,785 2,090,204 2,236,258
Other Assets
2,238,018 2,977,126 3,584,515 4,384,280 3,739,309
Total Assets
131,796,494 161,668,504 175,444,450 210,500,037 237,771,975
LIABILITIES (TL thousand)
2010/12 2011/12 2012/12 2013/12 2014/12
Deposits
88,260,157 98,313,134
105,383,434 120,974,765 133,551,191
Funds Borrowed and Interbank Money Market Placements
(3)
18,201,332 34,390,699 32,435,220 49,917,741 58,787,820
Provisions
3,631,589 4,204,926
5,380,105 5,842,456 6,450,399
Other Liabilities
4,689,612 6,838,381
9,526,646 10,185,958 9,671,498
Shareholders’ Equity
17,013,804 17,921,364 22,719,045 23,579,117 29,311,067
Total Liabilities
131,796,494 161,668,504 175,444,450 210,500,037 237,771,975
INCOME STATEMENT
(4)
(TL thousand)
2010/12 2011/12 2012/12 2013/12 2014/12
Interest Income
9,797,839 10,898,384
13,390,415 13,460,682 16,085,908
Interest Expenses
5,215,964 6,336,584 7,462,498 6,805,252 8,631,691
Net Interest Income
4,581,875 4,561,800 5,927,917 6,655,430 7,454,217
Net Trading Income
134,630
306,073
590,390
223,266
184,866
Net Fees and Commissions Income
1,236,425 1,428,583
1,706,227 1,919,086 2,003,778
Dividend Income
369,210
555,702
417,703
450,312
594,982
Other Operating Income
1,569,284
1,311,114
1,172,144 1,038,142
1,011,812
Total Operating Income
7,891,424 8,163,272
9,814,381 10,286,236 11,249,655
Operating Expenses
3,203,123 3,481,199
4,484,306 4,962,519 5,695,413
NET OPERATING PROFIT/LOSS
4,688,301
4,682,073
5,330,075
5,323,717 5,554,242
Provision for Losses on Loans and Other Receivables
1,135,449 1,383,793
1,209,122 1,467,018 1,323,174
PROFIT/(LOSS) BEFORE TAXES
3,552,852 3,298,280
4,120,953 3,856,699 4,231,068
Provision for Taxes
570,642
630,793
810,646
693,334
848,626
NET PERIOD PROFIT/(LOSS)
2,982,210 2,667,487
3,310,307
3,163,365 3,382,442
KEY RATIOS (%)
2010/12 2011/12 2012/12 2013/12 2014/12
Interest Earning Assets
(5)
/ Total Assets
91.1
92.2
91.4
92.1
92.3
Interest Earning Assets
(5)
/ Interest Bearing Liabilities
112.8
112.4
116.3
113.5
114.1
Securities / Total Assets
34.5
26.5
21.7
17.5
17.2
Loans / Total Assets
48.7
56.7
60.8
64.1
65.3
Loans / Deposits
72.8
93.2
101.3
111.5
116.3
Retail Loans / Total Loans
30.6
27.8
28.6
28.5
27.3
NPL Ratio
3.6
2.1
1.9
1.6
1.5
Coverage Ratio
100.0
100.0
78.9
80.4
76.9
Demand Deposits / Total Deposits
16.4
18.9
19.9
21.2
22.0
Shareholders’ Equity / Total Liabilities
12.9
11.1
12.9
11.2
12.3
Capital Adequacy Standard Ratio
17.5
14.1
16.3
14.4
16.0
Return on Average Assets
(6)
2.4
1.8
2.0
1.6
1.5
Return on Average Equity
(6)
19.9
15.2
16.5
13.7
13.1
Cost / Income
40.6
42.6
45.7
48.2
50.6
OTHER INFORMATION (TL thousand)
2010/12 2011/12
2012/12 2013/12 2014/12
Regulatory Capital
16,995,505 18,631,132 24,739,690 27,689,806 29,024,056
Core Capital
15,178,349 17,182,647 19,765,885 22,264,891 24,170,696
Free Capital
(7)
11,711,967 12,117,791
16,099,351 17,070,498 21,137,787
Demand Deposits
14,468,760
18,626,781 20,946,735 25,623,095 29,431,107
(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.
(7)
Free Equity = Shareholders’ Equity - (Fixed Assets+Non-Financial Associates and Subsidiaries+Receivables Under Follow-Up-Specific Provisions)