Icbc Turkey Bank Anonim Sirketi · BIST:ICBCT

Icbc Turkey Bank Anonim Sirketi — ICBC Turkey Bank (Tekstilbank) — Q2 2009 Earnings Presentation

18 slides from Icbc Turkey Bank Anonim Sirketi's earnings presentation, Jun 30, 2009

  1. Slide 1: Earnings Presentation June 30, 2009 / BRSA Bank-Only

    Earnings Presentation June 30, 2009 / BRSA Bank-Only 1

  2. Slide 2: Cautious and conservative approach continues...

    Cautious and conservative approach continues... Focal points in 2009:  Preserving capital  Maintaining optimum liquidity  Close cost monitoring and execution of structural cost reduction Highlights of Q2 2009:  Further shrinkage in the loanbook, accordingly, not an aggressive approach on the dep

  3. Slide 3: Declining portion of liquid assets to 15.7% mainly due to release of high cost funding

    Declining portion of liquid assets to 15.7% mainly due to release of high cost funding... Composition of Assets Total Assets (TRY mn) CAGR 04-07: 3,431 35% 2,953 6.4% 8.1% 10.6% 2,033 18.7% 25.2% 15.7% 11.0% 10.9% 13.3% : H1 2008 2008 H1 2009 IEA % : : .6 93 IEA % IEA % .9 .4 63.9% 91 89 Currency Co

  4. Slide 4: Shrinkage in the loanbook continued in Q209 due to selective lending strategy

    Shrinkage in the loanbook continued in Q209 due to selective lending strategy... Total Cash Loans (TRY mn) TL Cash Loans (TRY mn) YtD: -19% YtD: -8% 2,193 1,455 1,576 1,276 882 811 Loans / Customer Deposits 107.5% 111.2% 110.9% H1 2008 2008 H1 2009 H1 2008 2008 H1 2009 Currency Breakdown of FX Cash

  5. Slide 5: Not an aggressive approach on the funding side in line with declining loan volumes

    Not an aggressive approach on the funding side in line with declining loan volumes... Composition of Liabilities Total Deposits* (TRY mn) TL Deposits* (TRY mn) & SHE YtD: -19% YtD: -28% 2,040 1,025 871 5% 3% 3% 1,418 631 1,150 11% 15% 23% 25% 34% H1 2008 2008 H1 2009 H1 2008 2008 H1 2009 17% FX Depo

  6. Slide 6: Capital adequacy ratio reached 21.7%

    Capital adequacy ratio reached 21.7%... Capital Adequacy Ratio (CAR) Free Equity (TRY mn) Free Equity / Equity 21.7% 65.8% 17.9% 64.8% 60.2% 12.7% 301.1 295.8 228.6 H1 2008 2008 H1 2009 H1 2008 2008 H1 2009 Free Equity: SHE-subsidiaries-property & equipment-intangible assets- property & equipment he

  7. Slide 7: Increase in NPL ratio mainly due to the shrinkage in the loanbook

    Increase in NPL ratio mainly due to the shrinkage in the loanbook... NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 6.8% 3.6% 4.9% 4.3% 3.1% 2.3% 2.7% 3.6% 2.7% 3.3% 1.7% 2.0% H1 2008 2008 H1 2009 H1 2008 2008 H1 2009 Source: BRSA Source: BRSA NP

  8. Slide 8: Retail banking

    Retail banking... Breakdown of Loan Portfolio Breakdown of Retail Loans (TRY mn) YtD: -16% 3% 243 2% 3% 230 9% 13% 13% 205 39 43 89% 39 77 86 84% 84% 65 23 26 15 100 86 79 H1 2008 2008 H1 2009 H1 2008 2008 H1 2009 Credit Cards Credit Cards General Purpose & Other Consumer Loans Retail Loans Auto Loa

  9. Slide 9: Clean balance sheet

    Clean balance sheet... Related party exposure has been historically below market average... Group Total Risk / Total Risk Tekstilbank Market Average* 2.2% 2.5% 2.2% 0.6% 1.0% 1.4% H1 2008 2008 H1 2009 Cash + Non-cash risk Group Cash Loans / Cash Loans Group Non-Cash Loans / Non-Cash Loans Tekstilban

  10. Slide 10: Decline in non-cash loans continued parallel to cash loans

    Decline in non-cash loans continued parallel to cash loans... Total Non-Cash Loans (TRY mn) TL Non-Cash Loans (TRY mn) Non-Cash / Cash Loans 1,414 607 1,003 797 452 387 H1 2008 2008 H1 2009 H1 2008 2008 H1 2009 63.6% 64.5% 62.5% Currency Breakdown of FX Non-Cash Loans (US$ mn) Non-Cash Loans TL FX 6

  11. Slide 11: Interest Income & Expense

    Interest Income & Expense... Interest Income (TRY mn) Composition of Interest Income 205 5% 7% -30% Other 13% 143 12% 9 Securities 27 10 Loans 81% 18 82% 169 115 H1 2008 H1 2009 H1 2008 H1 2009 Interest Expense (TRY mn) Composition of Interest Expense 144 Other 0.17% -45% 0.20% 0.25 7% 2% 79 Interba

  12. Slide 12: Margin improvement thanks to further decline in interest rates on deposits

    Margin improvement thanks to further decline in interest rates on deposits... Banking Income (TRY mn) Adjusted Net Interest Margin* 96.3 86.2 12% 7.7 6.8% 3.2 10.0 5.9% 12.8 5.3% 5.3% 4.6% 4.3% 78.6 70.2 Q108 Q208 Q308 Q408 Q109 Q209 H1 2008 H1 2009 Adj.NII (by FX and trading gain / loss) Net Fees O

  13. Slide 13: Strict cost measures started to pay off

    Strict cost measures started to pay off... Operating Expenses (TRY mn) Composition of Operating Expenses 61.8 -13% 53.9 23% 12.9 21% 4.8 12.3 1%8% 9% 1% 0.5 4% 2.8 5.1 6% Pe rso 0.3 nn 3.1 66% el E 40.8 xp .I: -19 % 61% 33.1 H1 2008 H1 2009 H1 2008 H1 2009 Personnel Depr.& Amort. Advertising Personn

  14. Slide 14: Summary Balance Sheet

    Summary Balance Sheet... TRY mn H1 2008 2008 H1 2009 Cash & Banks 666 764 335 Total Securities 377 394 221 Total Cash Loans 2,193 1,576 1,276 Fixed Assets & Subsidiaries 121 124 119 Other 74 95 82 Total Assets 3,431 2,953 2,033 Deposits* 2,040 1,418 1,150 Interbank Money Market* 96 223 9 Borrowings

  15. Slide 15: Summary Income Statement

    Summary Income Statement... TRY mn H1 2008 H1 2009 Interest Income 204.7 142.9 Loans 168.8 115.4 Securities 27.2 17.7 Other 8.7 9.8 Interest Expense 144.5 78.7 Deposits 85.6 62.2 Funds Borrowed 48.7 15.7 Interbank & Other 10.2 0.8 Net Interest Income 60.2 64.2 Net FX Gain (Loss)* 9.4 7.6 Adj. Net In

  16. Slide 16: Summary Income Statement (Consolidated)

    Summary Income Statement (Consolidated)... TRY mn H1 2008 H1 2009 Interest Income 212.0 144.7 Loans 176.1 117.0 Securities 27.2 18.0 Other 8.7 9.7 Interest Expense 151.7 80.4 Deposits 102.7 64.5 Funds Borrowed 38.9 15.1 Interbank & Other 10.1 0.8 Net Interest Income 60.3 64.3 Net FX Gain (Loss)* 6.8

  17. Slide 17: 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

  18. Slide 18: For further information please contact

    For further information please contact: Aslı Su Head of Investor Relations asli.su@tekstilbank.com.tr Phone: +90-212-335-5410 investorrelations@tekstilbank.com.tr www.tekstilbank.com.tr 18

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