Turkiye Sinai Kalkinma Bankasi A.s. · BIST:TSKB
Turkiye Sinai Kalkinma Bankasi A.s — Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) — Q3 2009 Earnings Presentation
24 slides from Turkiye Sinai Kalkinma Bankasi A.s's earnings presentation, 2009
Slide 1: 3Q2009 BRSA Results Investor Presentation
Created with a trial version of Syncfusion Essential PDF 3Q2009 BRSA RESULTS INVESTOR PRESENTATION 1 1
Slide 2: TSKB Appendices
TSKB APPENDICES evry. TSKB
Slide 3: TSKB at a Glance-1
TSKB at a Glance-1 TSKB in Brief Ownership Structure* üEstablished in 1950, with the initiation of the World Bank and CBRT. ü Merged with SYB in 2002. ü Largest private investment and development bank in Turkey. ** ü The 16th largest bank in Turkey with US$ 4 billion asset size as of 2009/06. ü314 e
Slide 4: TSKB at a Glance-2
TSKB at a Glance-2 Total Assets (USD mn) Funds Borrowed (USD mn) 84% of the Funds borrowed 4,195 4,211 4,095 4,478 (except repos) 3,444 3,506 3,505 3,693 are guaranteed by the Turkish Treasury. 2007 3Q08 2008 3Q09 2007 3Q08 2008 3Q09 Total Loans (USD mn) Shareholders’ Equity (USD mn) Loans/Assets 2,
Slide 5: Balance Sheet Composition
Balance Sheet Composition Assets Liabilities 7% 6% 6% 6% 3% 3% 3% 2% 14% 12% 15% 15% 57% 59% 57% 63% 82% 83% 85% 83% 36% 35% 31% 37% 2007 2007 3Q08 3Q08 2008 2008 3Q09 3Q09 2007 3Q08 2008 3Q09 Liquid Assets Liquid Assets LoansLoans Others Others Borrowings Equity Others 5 5
Slide 6: Loans
Loans NPL Amount 15 Million USD Total Loan Portfolio USD 2.536 mn NPL RATIO ü Average maturity of loan portfolio is 4.8 years. ü Almost all of the lending is in foreign currency. BREAKDOWN by SECTOR OTHERS ü NPL’s are low and fully provisioned 27% FINANCE 28% COLLATERAL BASE METALS Other ; 23% 3% CO
Slide 7: Securities Portfolio
Securities Portfolio Securities Portfolio (USD mn) 1330 TRY 973 781 FC 310 273 327 3Q08 2008 3Q09 Breakdown of Securities Portfolio (Durations) 2008 3Q09 FX Floating FX Floating 4% 7% TRY Floating TRY Floating 32% 43% 31% 49% FX Fixed FX Fixed TRY Fixed TRY Fixed 15% 19% 7 7
Slide 8: Liabilities' Distribution
Liabilities’ Distribution LIABILITIES 15% §Total borrowings amounting to 3.7 Billion USD, with an average maturity of 9,3 years. 24% Equity Short Term §71% of total fundings are long-term. Long Term §The longest borrowing tenor is 29 years. 61% 8 8
Slide 9: Medium & Long Term Funds by Multilateral Agencies
Medium & Long Term Funds by Multilateral Agencies European Investment Bank (EIB) World Bank (IBRD) Japan Bank for International Cooperation (JBIC) Kreditanstalt für Wiederaufbau (KfW) Council of Europe Development Bank (CEB) International Finance Corporation (IFC) Agence Française de Développement (
Slide 10: Strong Capital Structure
Strong Capital Structure Equity (mn TRY) Capital Adequacy Ratio 996 24.3% 741 750 21.6% 21.1% 3Q08 2008 3Q09 3Q08 2008 3Q09 1 Free Capital Ratio 10.3% 8.5% 10.9% 3Q08 2008 3Q09 10 10
Slide 11: Financial Summary
Financial Summary Income Statement Loan Spread (000 USD) 3Q08 3Q09 Change 2.3 2.3 2.3 Adj. Net Interest Income 115,323 123,861 7% Net Commissions 2,804 3,670 31% Dividend Income 19,399 12,765 -34% 2006 2007 2008 Other Operating Income 7,058 7,816 11% Net Banking Income 144,583 148,112 2% Personnel E
Slide 12: Financial Summary
Financial Summary Income Statement (million TL) 3Q08 3Q09 Change Adj. Net Interest Income 142,078 184,057 30% Net Commissions 3,454 5,453 58% Dividend Income 23,899 18,969 -21% Other Operating Income 8,695 11,615 34% Net Banking Income 178,126 220,094 24% Personnel Expenses 21,628 22,417 4% Adm. Exp
Slide 13: Financial Highlights
Financial Higlights Ratios Financials 3Q08 2008 3Q09 (USD mn) 3Q08 2008 3Q09 CAR 23.7 % 21.1 % 24.3 % Assets 4,552 4,095 4,478 Free Capital 10.3 % 8.5 % 10.9 % Liquid Assets 1,608 1,271 1,664 Cost to 20.5 % 20.5 % 16.2 % Loans 2,187 2,562 2,537 income NIM 4.0 % 3.8% 4.3 % Partic. 144 124 158 ROAE 18
Slide 14: Strength of TSKB during crisis: Assets
Strength of TSKB during crisis ASSETS Loans to total assets ratio: 57%. * Loans are entirely directed to corporates, of which 57% is disbursed to mid-sized SMEs * We are financing exports and investments with Long-Term project financing loans. * Our credit porfolio’s risk is concentrated on Finance
Slide 15: Strength of TSKB during crisis: Liabilities
Strength of TSKB during crisis LIABILITIES • Sustainable Long-Term Funding Structure * Average duration of liabilites is much longer compared to sector: Positive duration gap in liabilities * TSKB has access to long term funding through multinationals within the scope of country assistance programs.
Slide 16: Awards
Awards • TSKB Sustainable Bank of the Year (2008/2009)| FT-IFC Emerging Countries Eastern European Category •Geothermal Energy Project Financing of the Year in Europe- Gürmat | Euromoney • Project Finance Deal of the Year– Mersin | Euromoney • Best Infrastructure Project Financing of the Year in Eur
Slide 17: TSKB Appendices
TSKB APPENDICES 17 17
Slide 18: Rating
Rating TSKB’s Fitch Ratings (Jul 2009) TSKB’s Moody’s Ratings (April 2009) Foreign and Local Currency Financial Strength Rating D+ Outlook (FSR) Stable Long Term Foreign Currency BB Long Term Foreign Currency B1/NP Long Term Local Currency BB + Local Currency Deposit Baa1/P2 Short Term B Outlook Sta
Slide 19: Participations as of September, 2009
Participations as of September, 2009 Entity Sector Ownership Capital (TRY) Yatırım Finansman Menkul Değerler A.Ş. (Yat. Fin. Securities) Financial 95.78% 38,500,000 TSKB Gayrimenkul Yatırım Ortaklığı A.Ş. (TSKB Real Estate Investment Trust) Financial 96.00% 100,000,000 Entity Sector Ownership Capita
Slide 20: Asset Management and Brokerage Activities
Asset Management and Brokerage Activities ü TSKB Trading Platform (TTP) and two branches to enhance brokerage activities ü New thematic funds other than 5 conventional funds Clean Energy Fund ü Capital + 10% return guaranteed fund ü Innovative investment fund which invests in Renewable Energy, Energ
Slide 21: Asset Management and Brokerage Activities
Asset Management and Brokerage Activities Agriculture Fund ü 100% Capital guaranteed fund based on agriculture products ü Providing portfolio diversification while benefiting from return of potential commodities from wheat to corn, cotton to coffee ü First fund in Turkey to invest in agriculture com
Slide 22: Asset Management and Brokerage Activities
Asset Management and Brokerage Activities Dynamic Commoidty Fund ü First fund in Turkey to invest in commodities in a broad coverage ü First fund in Turkey to apply long-short alpha generating strategy ü 100% Capital guaranteed fund based on commodities ü Invests on 4 different commodity sectors (ag
Slide 23: Investor Relations
Meclisi Mebusan Caddesi, No:81, 34427 Fındıklı Istanbul/TURKEY INVESTOR RELATIONS Tel: +90 212 334 5152 Fax:+90 212 334 5234 E-mail: ir@tskb.com.tr www.tskb.com 23 23
Slide 24: Disclaimer
Disclaimer The information in this document has been obtained by Türkiye Sınai Kalkınma Bankası A.S. (“TSKB”) from sources believed to be reliable, however, TSKB cannot guarantee the accuracy, completeness, or correctness of such information. This document has been issued for information purposes on
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