Icbc Turkey Bank Anonim Sirketi · BIST:ICBCT
Icbc Turkey Bank Anonim Sirketi — ICBC Turkey Bank — FY2012 Earnings Presentation
19 slides from Icbc Turkey Bank Anonim Sirketi's earnings presentation, Dec 31, 2012
Slide 1: Earnings Presentation December 31, 2012 / BRSA Bank-Only
Earnings Presentation December 31, 2012 / BRSA Bank-Only 1
Slide 2: Macroeconomic environment in 4Q 2012...
Macroeconomic environment in 4Q 2012... A vivid risk appetite abroad, thanks to Fed’s pledge to maintain stimulus until reducing unemployment rate to pre-crises levels, as well as, elevated confidence for the Eurozone under ECB’s commitment to buy bonds of problematic countries Fitch upgraded Tu
Slide 3: Higher NIM...
Higher NIM... Highlights of 4Q 2012: A modest balance sheet growth, in line with sector average Higher F/X loans, funded by F/X deposits Stronger CAR at 16.5% NPL ratio intact at 4.9% Significant increase in NIM, thanks to CB’s lower funding cost and CPI linkers 3
Slide 4: Looking into 2013...
Looking into 2013... Macroeconomy Banking Sector Tekstilbank Slightly better global Loan growth is not expected to Growth in line with sector macroeconomic outlook, thanks exceed 15%, under close Likely increase in NPL’s to less contraction in Euro area scrutiny of the Central Bank, Declin
Slide 5: A modest balance sheet growth...
A modest balance sheet growth... Composition of Assets Total Assets (TLmn) CAGR 04-07: YoY: 5.4% 35% 3,543 3,502 3,677 3,489 3,292 15.8% 16.4% 14.8% 16.2% -5.0% 16.6% 3.1% 2.0% 2.9% 2.4% 3.2% 10.6% 12.9% 12.6% 8.9% 9.0% 2011 Mar 12 Jun 12 Sep 12 2012 70.5% 69.7% 72.5% 71.2% Currency Composition of A
Slide 6: Loan book growth was triggered by F/X loans...
Loan book growth was triggered by F/X loans... Total Cash Loans (TLmn) TL Cash Loans* (TLmn) YoY: 6.4% YoY: 10.5% 2,540 2,618 1,821 1,810 2,461 2,471 1,727 2,261 1,638 1,553 3% -0.6% Loans / Customer Deposits 107.1% 107.2% 99.9% 100.9% 98.4% 2011 Mar 12 Jun 12 Sep 12 2012 2011 Mar 12 Jun 12 Sep 12 2
Slide 7: ...,funded by higher FX deposits
...,funded by higher FX deposits Composition of Liabilities Total Deposits* (TLmn) TL Deposits* (TLmn) & SHE YoY: 8% YoY: 11% 2,662 1,511 1,508 2,463 2,370 1,359 2,242 2,307 1,262 1,268 -0.2% 3% 4% 4% 6% 3% 12% 15% 16% 15% 16% 15% 11% 9% 12% 16% 11% 2011 Mar 12 Jun 12 Sep 12 2012 2011 Mar 12 Jun 12
Slide 8: CAR strengthened further to 16.5%...
CAR strengthened further to 16.5%... Capital Adequacy Ratio (CAR) Free Equity (TLmn) Free Equity / Equity 71.9% 71.8% 71.1% 70.7% 71.1% 17.4% 16.5% 16.5% 15.9% 15.9% 389 407 379 380 364 2011 Mar 12 Jun 12 Sep 12* 2012* 2011 Mar 12 Jun 12 Sep 12 2012 * Calculated according to new BRSA regulations, in
Slide 9: Asset quality remained almost intact...
Asset quality remained almost intact... NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 4.6% 4.6% 4.9% 4.9% 3.4% 3.4% 4.2% 2.8% 3.1% 3.3% 2.7% 2.7% 2.9% 2.9% 2.1% 2.2% 2.2% 2.6% 2.1% 2.0% 2011 Mar 12 Jun 12 Sep 12 2012 2011 Mar 12 Jun 12 Sep 12 20
Slide 10: Corporate loans gained more weight in the portfolio...
Corporate loans gained more weight in the portfolio... Breakdown of Loan Portfolio Breakdown of Retail Loans (TLmn) YoY: 6.5% 361 -0.4% 359 355 359 1.1% 1.2% 1.2% 1.3% 1.3% 337 28 30 33 35 12.9% 12.4% 12.6% 14.4% 13.3% 28 160 156 150 143 136 86.3% 7 6 85.5% 7 5 86.3% 5 84.4% 85.8% 177 173 167 166 15
Slide 11: TL non-cash loans increased...
TL non-cash loans increased... Total Non-Cash Loans (TLmn) TL Non-Cash Loans (TLmn) Non-Cash / Cash Loans YoY: 2% YoY: 29% 698 1,225 1,248 564 1,154 1,091 542 523 1,149 503 24% 9% 49.8% 51.0% 47.7% 2011 Mar 12 Jun 12 Sep 12 2012 2011 Mar 12 Jun 12 Sep 12 2012 45.3% 44.2% Currency Breakdown of FX Non
Slide 12: Significant increase in interest income...
Significant increase in interest income... Interest Income (TLmn) Composition of Interest Income 338 0.6% 0.4% 32% 10.7% 10.8% 1.4 256 36.5 Other 1.6 Securities 27.4 88.7% 88.8% Loans 226.8 300.3 2011 2012 2011 2012 Interest Expense (TLmn) Composition of Interest Expense 203 6.2% 5.2% 32% Interbank
Slide 13: An eye-catching increase in NIM, thanks to CB's lower funding cost & CPI linkers...
An eye-catching increase in NIM, thanks to CB’s lower funding cost & CPI linkers... Banking Income (TLmn) Adjusted Net Interest Margin* (Quarterly) 180 23% 146 15.6 20.4 14.0 21.1 5.6% 5.1% 4.7% 4.7% 144.1 4.0% 111.2 4Q11 1Q12 2Q12 3Q12 4Q12 2011 2012 Other Net Fees Adj.NII (by FX and trading gain /
Slide 14: Slight increase in personnel expense...
Slight increase in personnel expense... Operating Expenses (TLmn) Composition of Operating Expenses 106 10% 97 23% 25% 24.6 24.4 10% 11% 11.1 4% 3% 9.6 3.4 3.9 63% 61% 67.3 58.9 2011 2012 2011 2012 Personnel Depr.& Amort. Personnel Depr.& Amort. Operational Leasing Other Opex Operational Leasing Oth
Slide 15: Summary Balance Sheet...
Summary Balance Sheet... TL million Dec 2011 Mar 2012 Jun 2012 Sep 2012 Dec 2012 Cash & Banks 411 375 381 388 480 Total Securities 370 425 448 312 330 Total Cash Loans 2,461 2,261 2,471 2,540 2618 Fixed Assets & Subsidiaries 108 108 111 109 124 Other 139 123 132 153 125 Total Assets 3,489 3,292 3,54
Slide 16: Summary Income Statement...
Summary Income Statement... TL million 1Q 2012 2Q 2012 3Q 2012 4Q 2012 2011 2012 Interest Income 85.0 87.2 79.8 86.2 255.9 338.2 Loans 73.7 74.8 76.6 75.2 226.8 300.3 Securities 11.0 12.0 2.8 10.7 27.4 36.5 Other 0.3 0.4 0.4 0.3 1.7 1.4 Interest Expense 53.1 54.0 51.3 45.0 154.5 203.4 Deposits 44.6
Slide 17: Summary Income Statement (Consolidated)...
Summary Income Statement (Consolidated)... TL million 1Q 2012 2Q 2012 3Q 2012 4Q 2012 2011 2012 Interest Income 85.6 88.0 80.4 86.8 257.4 340.8 Loans 74.1 75.1 77.1 75.5 228.2 301.8 Securities 11.1 12.1 2.9 10.7 27.4 36.8 Other 0.4 0.8 0.4 0.6 1.8 2.2 Interest Expense 53.1 53.9 51.3 45.0 154.2 203.3
Slide 18: Disclaimer Statement
Disclaimer Statement The information, opinions and estimates contained in this document have been compiled or arrived at by Tekstilbank from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or corre
Slide 19: For further information please contact
For further information please contact: Investor Relations Phone: +90-212-335-5159 investorrelations@tekstilbank.com.tr www.tekstilbank.com.tr 19