

228
İŞBANK
ANNUAL REPORT 2014
Consolidated
ASSETS (TL thousand)
2010/12 2011/12
2012/12 2013/12 2014/12
Cash and Equivalents
1,262,764 1,260,374 1,779,460 2,257,090 2,586,183
Banks and Receivables from Interbank Money Markets
(1)
13,719,134 17,545,722 18,965,235 26,479,037 28,827,380
Securities (Net)
51,814,331 48,720,930 44,782,722 43,651,041 48,248,088
Loans
(2)
69,409,124 99,432,775 115,733,719 146,136,030 169,066,501
Associates and Subsidiaries (Net)
3,541,421
3,979,038 4,398,434 4,174,551
5,611,155
Receivables from Finance Lease (Net)
963,265 1,376,390 1,384,455 2,034,122 2,746,199
Fixed Assets (Net)
3,352,137 3,384,754 3,511,410 3,938,176 4,221,990
Other Assets
6,748,560 8,235,847 10,519,304 12,949,093 14,468,937
Total Assets
150,810,736 183,935,830 201,074,739 241,619,140 275,776,433
LIABILITIES (TL thousand)
2010/12 2011/12 2012/12 2013/12 2014/12
Deposits
88,476,619 98,831,996 106,010,860 121,837,798 134,501,226
Funds Borrowed and Interbank Money Market Placements
(3)
27,526,352 45,121,027 44,483,302 65,397,271 78,385,798
Provisions
7,560,506 8,713,868 10,260,057 10,918,968
12,083,515
Other Liabilities
8,260,604 10,958,370 15,461,765 17,570,477 19,093,433
Shareholders’ Equity
18,986,655 20,310,569 24,858,755 25,894,626 31,712,461
Total Liabilities
150,810,736 183,935,830 201,074,739 241,619,140 275,776,433
INCOME STATEMENT
(4)
(TL thousand)
2010/12 2011/12 2012/12 2013/12
2014/12
Interest Income
10,850,750 12,081,352 14,676,856 14,853,908 17,752,690
Interest Expenses
5,440,180 6,664,356 7,834,591
7,172,014 9,282,281
Net Interest Income
5,410,570 5,416,996 6,842,265 7,681,894 8,470,409
Net Trading Income
292,912
446,913
871,070
378,591
664,128
Net Fees and Commissions Income
997,891
1,102,726 1,258,319 1,468,946 1,505,183
Dividend Income
45,785
171,477
205,032
238,057
292,047
Other Operating Income
4,031,367 4,070,527
4,571,878 4,625,333 4,850,945
Total Operating Income
10,778,525 11,208,639 13,748,564 14,392,821 15,782,712
Operating Expenses
5,671,987
6,615,795 7,783,373 8,308,239 9,515,404
NET OPERATING PROFIT/LOSS
5,106,538 4,592,844 5,965,191
6,084,582 6,267,308
Provision for Losses on Loans and Other Receivables
1,185,911
1,494,935
1,291,545
1,654,701
1,530,113
PROFIT/(LOSS) BEFORE TAXES
3,920,627 3,097,909 4,673,646 4,429,881
4,737,195
Provision for Taxes
688,933
708,541
958,912
823,022 1,005,159
NET PERIOD PROFIT/(LOSS)
3,231,694 2,389,368 3,714,734 3,606,859 3,732,036
KEY RATIOS (%)
2010/12 2011/12 2012/12 2013/12 2014/12
Interest Earning Assets
(5)
/ Total Assets
89.7
90.5
89.7
90.1
90.0
Interest Earning Assets
(5)
/ Interest Bearing Liabilities
116.7
115.7
119.8
116.3
116.5
Securities / Total Assets
34.4
26.5
22.3
18.1
17.5
Loans / Total Assets
46.0
54.1
57.6
60.5
61.3
Loans / Deposits
78.1
100.2
108.2
119.2
124.6
Retail Loans / Total Loans
28.7
25.9
26.8
26.7
25.5
NPL Ratio
3.4
2.1
1.8
1.7
1.6
Coverage Ratio
100.0
100.0
76.8
77.9
74.3
Demand Deposits / Total Deposits
16.6
19.3
20.1
21.5
22.4
Shareholders’ Equity / Total Liabilities
12.6
11.0
12.4
10.7
11.5
Capital Adequacy Standard Ratio
17.6
14.1
16.3
14.3
15.3
Return on Average Assets
(6)
2.3
1.4
1.9
1.6
1.5
Return on Average Equity
(6)
19.3
12.1
16.7
14.3
13.3
Cost / Income
(7)
42.0
48.4
47.1
49.1
51.3
OTHER INFORMATION (TL thousand)
2010/12 2011/12 2012/12 2013/12 2014/12
Regulatory Capital
19,350,844 21,187,094 27,325,571 30,567,360 37,497,307
Core Capital
17,982,133 19,841,319 22,715,413 25,607,957 31,535,610
Free Capital
(8)
12,160,810 13,021,182 16,535,929 17,332,191 21,295,942
Demand Deposits
14,688,893 19,054,431 21,346,638 26,161,926
30,101,859
(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)
FINANCIAL HIGHLIGHTS AND KEY RATIOS
FOR THE FIVE-YEAR PERIOD