18 slides from Icbc Turkey Bank Anonim Sirketi's earnings presentation, Jun 30, 2011
Slide 1: Earnings Presentation June 30, 2011 / BRSA Bank-Only
Earnings Presentation June 30, 2011 / BRSA Bank-Only 1
Slide 2: Successful balance sheet growth...
Successful balance sheet growth... Focal points in 2010 were: Attending to high growth environment Improved asset quality, thanks to firm collection performance Maintaining close cost monitoring policy Highlights of Q2 2011: Balance sheet growth successfully continued Reserve requirement i
Slide 3: Looking into 2011...
Looking into 2011... Macro Banking Sector Tekstilbank Elevated worries on advance Slower loan growth of 25%, Preserving cautious growth economies in the world policy vs. 34% in 2010 A healthier growth rate of around 6% vs. 9% recorded in Increasing cross-selling On-going pressure on NIM,
Slide 4: Balance sheet continued to expand...
Balance sheet continued to expand... Composition of Assets Total Assets (TLmn) CAGR 04-07: YoY: 43% 35% 2,976 2,693 2,573 8.7% 7.4% 7.1% 7.1% 8.8% 2,083 2,163 10% 7.4% 8.9% 10.6% 10.8% 10.1% 14.1% 12.4% 10.7% 10.0% 15.2% 72.1% 71.6% 71.3% Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 69.7% 66.0% Currency Com
Slide 5: Accelerated loan growth...
Accelerated loan growth... Total Cash Loans (TLmn) TL Cash Loans (TLmn) YoY: 56% YoY: 72% 2,144 1,929 1,468 1,836 1,339 1,375 1,508 11% 1,189 995 10% 855 Loans / Customer Deposits Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 103% 107% 103% 101% 102% Currency Breakdown of
Slide 6: ...funded by higher TL deposits
...funded by higher TL deposits Composition of Liabilities Total Deposits* (TLmn) TL Deposits* (TLmn) & SHE YoY: 54% YoY: 58% 2,062 1,214 1,916 1,782 1,071 1,066 4% 3% 4% 3% 3% 1,407 8% 1,337 766 755 14% 23% 22% 19% 19% 17% 9% 7% 10% 10% 9% Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 Q2 2010 Q3 2010 2010 Q
Slide 7: CAR declined, but still remained strong...
CAR declined, but still remained strong... Capital Adequacy Ratio (CAR) Free Equity (TLmn) Free Equity / Equity 73.5% 72.3% 71.8% 71.1% 71.1% 22.3% 21.0% 19.4% 18.8% 17.6% 369 356 360 338 343 Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 Free Equity: SHE-subsidiaries-prop
Slide 8: Further improvement in asset quality...
Further improvement in asset quality... NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 6.7% 6.0% 4.5% 4.9% 4.0% 4.5% 4.0% 3.3% 3.1% 4.4% 2.7% 4.3% 3.4% 3.3% 3.7% 3.2% 2.8% 2.5% 2.9% 2.2% Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 Q2 2010 Q3 2010 2010 Q
Slide 9: Corporate loans dominated loan growth...
Corporate loans dominated loan growth... Breakdown of Loan Portfolio Breakdown of Retail Loans (TLmn) YoY: 22% 293 8% 273 2.3% 2.0% 1.6% 1.4% 1.3% 268 254 29 14.8% 13.0% 12.7% 12.3% 239 15.1% 29 28 30 31 114 103 98 93 86.4% 90 85.9% 8 82.6% 7 7 85.4% 8 83.2% 8 134 135 142 110 123 Q2 2010 Q3 2010 201
Slide 10: Also uptrend in non-cash loans...
Also uptrend in non-cash loans... Total Non-Cash Loans (TLmn) TL Non-Cash Loans (TLmn) Non-Cash / Cash Loans YoY: 45% YoY: 38% 1,061 483 888 932 422 418 730 814 407 351 14% 15% 53.1% 54.0% 48.4% 48.3% 49.5% Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 Q2 2010 Q3 2010 2010 Q1 2011 Q2 2011 Currency Breakdown
Slide 11: Increasing interest revenues from commercial activities...
Increasing interest revenues from commercial activities... Interest Income (TLmn) Composition of Interest Income 108 1% 17% 3% 92 13% 10% Other 0.7 11 Securities 2 12 89% Loans 84% 78 97 Q2 2010 Q2 2011 Q2 2010 Q2 2011 Interest Expense (TLmn) Composition of Interest Expense 63 6% 43% 8% 44 Interbank
Slide 12: Regulatory measures having negative effect on NIM...
Regulatory measures having negative effect on NIM... Banking Income (TLmn) Adjusted Net Interest Margin* (Quarterly) 69 70 8.9 8.6 8.4 10.9 5.6% 4.7% 4.6% 4.0% 3.8% 52.1 50.5 Q210 Q310 Q410 Q111 Q211 Q2 2010 Q2 2011 Adj.NII (by FX and trading gain / loss) Net Fees Other * Adjusted by FX gain / loss
Slide 13: OPEX increase remained well under inflation...
OPEX increase remained well under inflation... Operating Expenses (TLmn) Composition of Operating Expenses 1% 47.2 46.7 23% 26% 12.4 11.1 9% 10% 5% 4% 4.6 4.2 2.0 2.4 63% 59% 29.5 27.7 Q2 2010 Q2 2011 Q2 2010 Q2 2011 Personnel Depr.& Amort. Personnel Depr.& Amort. Operational Leasing Other Opex Oper
Slide 14: Summary Balance Sheet...
Summary Balance Sheet... TL million Jun 2010 Dec 2010 Mar 2011 Jun 2011 Cash & Banks 226 251 304 345 Total Securities 317 320 289 297 Total Cash Loans 1,375 1,836 1,929 2,144 Fixed Assets & Subsidiaries 97 105 105 103 Other 68 61 66 87 Total Assets 2,083 2,573 2,693 2,976 Deposits* 1,337 1,782 1,916
Slide 15: Summary Income Statement...
Summary Income Statement... TL million Q1 2011 Q2 2011 H1 2010 H1 2011 Interest Income 49.8 58.4 92.4 108.2 Loans 45 51.6 77.9 96.6 Securities 4.5 6.4 12.3 10.9 Other 0.3 0.4 2.2 0.7 Interest Expense 27.5 35.3 43.8 62.8 Deposits 25.6 29.2 37.1 54.8 Other Borrowings 1.9 6.1 6.7 8.0 Net Interest Incom
Slide 16: Summary Income Statement (Consolidated)...
Summary Income Statement (Consolidated)... TL million Q1 2011 Q2 2011 H1 2010 H1 2011 Interest Income 50.1 58.7 93.0 108.8 Loans 45.2 52.0 78.2 97.2 Securities 4.5 6.3 12.6 10.8 Other 0.4 0.4 2.2 0.8 Interest Expense 27.5 35.1 43.8 62.6 Deposits 25.5 29.2 37.2 54.7 Other Borrowings 2.0 5.9 6.6 7.9 N
Slide 17: Disclaimer Statement
Disclaimer Statement The inf ormation, opinions and estimates contained in this document have been compiled or arrived at by Tekstilbank f rom sources believed to be reliable and in good f aith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or co
Slide 18: 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 18