Turkiye Is Bankasi Anonim Sirketi · BIST:ISBTR
Turkiye Is Bankasi Anonim Sirketi — Türkiye İş Bankası A.Ş. — Q1 2012 Earnings Presentation
18 slides from Turkiye Is Bankasi Anonim Sirketi's earnings presentation, Mar 31, 2012
Slide 1: Isbank Earnings Presentation 2012 Q1
ISBANK EARNINGS PRESENTATION 2012 Q1
Slide 2: Macroeconomic Environment
Macroeconomic Environment Economic slowdown has started CAD is Improving GDP Growth (quarterly, yoy) Current Account Deficit and Energy Imports 16.0 90.0 (12 months cumulative, $ billion) 8.0 CAD 0.0 60.0 Energy Imports -8.0 30.0 -16.0 -24.0 0.0 09 Q1 09 Q2 09 Q3 09 Q4 10 Q1 10 Q2 10 Q3 10 Q4 11 Q1
Slide 3: Period's Highlights
Period’s Highlights Loans & Asset Quality • Slower loan growth, but a higher loan portfolio yield and a lower CoR • 74 bps CoR (vs 77bps in 2011) with 100% provisioning policy • NPL ratio remained stable at 2.1% and net NPL formation rate slightly increased to 0.2% due to normalized pace of collecti
Slide 4: Market Shares
Market Shares Largest Private Bank… Market Shares (%) (1) Rank (2) 2011 2012 Q1 2011 2012 Q1 Total Assets 13.9 13.9 1st 1st Total Loans 14.1 14.0 1st 1st TL Loans 13.0 12.8 1st 1st FX Loans 16.6 16.9 2nd 2nd Consumer Loans(3) 11.6 11.6 1st 1st Total Deposits 14.2 13.6 1st 1st TL Deposits 13.4 12.1 1
Slide 5: Asset Structure
Asset Structure Assets (TL mn.) 2011 Q1 2011 2012 Q1 ∆ YtD ∆ YoY Cash & Banks 15,146 16,034 16,028 0% 6% Securities (Net) 41,600 42,778 41,745 -2% 0% Loans 70,542 91,621 93,038 2% 32% Participations (Net) 6,883 6,275 7,203 15% 5% Fixed Assets (Net) 1,966 1,983 1,941 -2% -1% Other Assets 2,271 2,978
Slide 6: Loan Portfolio
Loan Portfolio Loans 31.9% 1.5% 26.6% 91.6 93.0 2.7% 85.4 43.0% 76.8 70.5 58.8 60.4 -0.6% 23.6% 54.7 47.7 50.8 4.6% 30.7 32.8 32.6 22.8 26.0 14.8 16.2 16.5 17.5 18.3 (1) TL Loans (TL bn.) FX Loans (TL bn.) FX Loans (USD bn.) Total Loans (TL bn.) 2011 Q1 2011 Q2 2011 Q3 2011 2012 Q1 Loans/Deposits •
Slide 7: Loan Portfolio
Loan Portfolio Loans (TL mn.) 2011 Q1 2011 2012 Q1 ∆ YtD ∆ YoY Total Loans 70,542 91,621 93,038 2% 32% TL Loans 47,709 58,804 60,434 3% 27% Retail Loans 20,662 25,457 26,090 2% 26% Housing Loans 6,855 7,943 8,180 3% 19% Auto Loans 892 1,149 1,169 2% 31% GPLs 7,575 9,741 9,956 2% 31% Credit Card Loan
Slide 8: Loan Composition
Loan Composition Currency Mix Loan Composition - Total Loans 32.4% 35.8% 35.0% 21.7% 20.6% 20.7% 7.6% 7.2% 7.3% 22.6% 21.6% 22.9% 67.6% 64.2% 65.0% 48.1% 50.6% 49.1% 2011 Q1 2011 2012 Q1 2011 Q1 2011 2012 Q1 (1) (2) TL FX Corporate & Commercial SME Credit Cards Consumer Loan Composition - TL Loans L
Slide 9: Asset Quality
Asset Quality NPL Ratio -110 bps • High asset quality sustained. • Gross CoR declined to 74 bps. - • 100% provisioning policy 3.2% 2.8% 2.5% 2.1% 2.1% • 22% collection rate(3) in Q1 2012 11 Q1 11 Q2 11 Q3 2011 12 Q1 Management of NPLs 0.2% -0.2% 0.0% -0.4% -0.3% 483 487 236 205 172 143 190 182 149 -
Slide 10: Securities Portfolio
Securities Portfolio Securities (TL mn.) 2011 Q1 2011 2012 Q1 ∆ YtD ∆YoY Total Securities 41,600 42,778 41,745 -2% 0% TL Securities 33,162 32,452 33,667 4% 2% FX Securities 8,438 10,326 8,078 -22% -4% FX Securities (USD mn.) 5,479 5,492 4,538 -17% -17% Composition of Securities Portfolio Q1 2012 TL
Slide 11: Liabilities Structure
Liabilities Structure Liabilities (TL mn.) 2011 Q1 2011 2012 Q1 ∆ YtD ∆ YoY Deposits 91,132 98,313 94,284 -4% 3% REPOs & Money Market 10,499 19,461 23,177 19% 121% Funds Borrowed (1) 10,134 14,930 14,282 -4% 41% Other 9,481 11,044 11,803 7% 24% Equity 17,162 17,921 19,038 6% 11% Total Liabilities 13
Slide 12: Deposits
Deposits Deposits (TL mn.) 2011 Q1 2011 2012 Q1 ∆ YtD ∆ YoY Total Deposits 91,132 98,313 94,284 -4% 3% TL Deposits 60,730 60,332 54,067 -10% -11% TL Saving Deposits 39,838 40,664 38,358 -6% -4% TL Commercial Deposits 11,364 11,678 9,318 -20% -18% Other TL Deposits 9,528 7,990 6,391 -20% -33% FX Depo
Slide 13: Sufficient Capitalization
Sufficient Capitalization Capital Adequacy Ratio • Capital adequacy ratio is well above the regulatory limit, even after the impact of 20.3% cash dividend 16.6% 16.1% payout. 14.7% 14.6% 14.3% 14.1% 13.9% 13.1% 13.0% 12.4% • Sufficient capital for growth in 2012 11 Q1 11 Q2 11 Q3 2011 2012 Q1 CAR Ti
Slide 14: Income Statement Highlights
Income Statement Highlights (TL mn.) 2011 Q1 2011 Q4 2012 Q1 ∆ QoQ ∆ YoY Interest Income 2,435 3,103 3,291 6% 35% • NII maintained QoQ Interest Expense 1,317 1,788 1,979 11% 50% despite higher costs in deposit market, 17% YoY Net Interest Income 1,118 1,315 1,312 0% 17% growth in NII Net Fees & Comm
Slide 15: Commissions Income Performance
Commissions Income Performance Fees and Commissions Received (Gross) (TL thousand) 2011 Q1 2011 Q4 2012 Q1 ∆ QoQ ∆ YoY • Solid growth in all items Non-Cash Loans 29,817 40,755 41,119 1% 38% except for mutual fund Credit Appraisal 15,672 69,227 57,619 -17% 268% management fees Mutual Fund Man. & Othe
Slide 16: Margins
Margins NIM (Cumulative) • Slight recovery in NIM in Q1 4.3% 4.1% 3.8% 3.8% 3.8% 3.9% 3.9% • Sustained NII despite cost pressures 3.5% 3.4% 3.5% 11 Q1 11 Q2 11 Q3 2011 2012 Q1 NIM exc. reserves at Central Bank NIM Adjusted NIM (Cumulative)(1) 4.8% 4.4% 3.8% 3.5% 3.3% 3.5% 3.5% 3.3% 3.0% 3.2% 11 Q1 1
Slide 17: Profitability and Efficiency Ratios
Profitability and Efficiency Ratios ROAE(1) ROAA(1) 2.0% 1.8% 1.8% 1.7% 1.6% 1.5% 22.1% 21.5% 20.3% 15.6% 15.2% 15.3% 2011 Q1 2011 2012 Q1 2011 Q1 2011 2012 Q1 (2) (2) ROAE ROAE ROAA ROAA Cost / Income Cost vs. Assets(1) 2.6% 2.6% 42.6% 2.3% 2.4% 2.3% 40.6% 40.0% 2.1% 2011 Q1 2011 2012 Q1 2011 Q1 20
Slide 18: Disclaimer
Disclaimer The information in this document has been obtained by Türkiye İş Bankası A.Ş. (“Isbank”) from sources believed to be reliable, however, Isbank cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes only. The
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