19 slides from Icbc Turkey Bank Anonim Sirketi's earnings presentation, Jun 30, 2012
Slide 1: Earnings Presentation June 30, 2012 / BRSA Bank-Only
Earnings Presentation June 30, 2012 / BRSA Bank-Only 1
Slide 2: Macroeconomic environment in 2Q 2012
Macroeconomic environment in 2Q 2012... Risk aversion accelerated globally, due to weaker growth indicators for both advanced and emerging countries, coupled with question marks on Euro’s future Industrial production pointed to a better macroeconomic activity at home vs. 1Q External deficit co
Slide 3: Modest balance sheet growth
Modest balance sheet growth... Highlights of 2Q 2012: Balance sheet expanded modestly within an environment of better macroeconomic outlook at home, but higher risks abroad Cost of risk increased further, due to on-going effect of a few client case rather than a general trend, as was the case al
Slide 4: Looking into 2012
Looking into 2012... Macroeconomy Banking Sector Tekstilbank Weak global growth, due to A modest loan growth of Preserving cautious growth high uncertainty and low around 15%, vs. 29.5% at the policy demand originating from Euro- end of 2011 Increasing cross-selling zone Marginal decline i
Slide 5: Balance sheet expanded moderately
Balance sheet expanded moderately... Composition of Assets Total Assets (TLmn) CAGR 04-07: YoY: 19% 35% 3,543 3,489 3,292 3,199 2,976 8% 15.2% 18.5% 15.8% 16.4% 14.8% 2.8% 3.1% 2.0% 2.9% 2.5% 10.0% 10.6% 12.6% 9.5% 12.9% Jun 11 Sep 11 2011 Mar 12 Jun 12 72.1% 70.5% 68.7% 69.7% Currency Composition o
Slide 6: ...reflecting higher loan portfolio
...reflecting higher loan portfolio Total Cash Loans (TLmn) TL Cash Loans* (TLmn) YoY: 15% YoY: 18% 2,461 2,471 1,727 2,222 2,261 1,638 1,553 2,144 1,468 1,486 9% 11% Loans / Customer Deposits 107% 104% 100% 101% 98% Jun 11 Sep 11 2011 Mar 12 Jun 12 Jun 11 Sep 11 2011 Mar 12 Jun 12 Currency Breakdow
Slide 7: ...while interbank gained more dominance in funding
...while interbank gained more dominance in funding, in order to diminish overall funding cost Composition of Liabilities Total Deposits* (TLmn) TL Deposits* (TLmn) & SHE YoY: 12% YoY: 4% 1,359 1,262 2,463 1,330 1,268 2,262 2,242 2,307 1,214 2,062 4% 4% 3% 4% 4% 3% 0.4% 17% 16% 15% 16% 15% 10% 9% 11
Slide 8: CAR descended to a still very strong rate of 16.5%
CAR descended to a still very strong rate of 16.5%... Capital Adequacy Ratio (CAR) Free Equity (TLmn) Free Equity / Equity 73.5% 74.1% 71.9% 71.1% 70.7% 17.6% 17.4% 17.0% 16.5% 15.9% 376 379 380 369 364 Jun 11 Sep 11 2011 Mar 12 Jun 12 Jun 11 Sep 11 2011 Mar 12 Jun 12 Free Equity: SHE-subsidiaries-p
Slide 9: Cost of risk increased, because of higher provisions
Cost of risk increased, because of higher provisions... NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 4.6% 4.6% 3.1% 3.3% 3.8% 4.2% 4.0% 2.7% 2.5% 2.8% 2.9% 2.8% 2.3% 2.1% 2.1% 2.1% 2.0% 2.7% 2.7% 2.6% Jun 11 Sep 11 2011 Mar 12 Jun 12 Jun 11 Sep
Slide 10: A slight revival in retail loans
A slight revival in retail loans... Breakdown of Loan Portfolio Breakdown of Retail Loans (TLmn) YoY: 22% 1% 359 355 337 1.3% 1.2% 1.1% 1.2% 1.2% 315 30 293 28 12.3% 12.9% 12.6% 14.4% 13.3% 28 28 29 143 150 136 127 114 86.4% 86.3% 7 6 7 85.9% 85.5% 7 84.4% 8 177 173 166 153 142 Jun 11 Sep 11 2011 Ma
Slide 11: Non-cash loans continued to cut pace
Non-cash loans continued to cut pace... Total Non-Cash Loans (TLmn) TL Non-Cash Loans (TLmn) Non-Cash / Cash Loans YoY: 3% YoY: 8% 1,225 542 1,118 1,154 1,091 502 503 523 1,061 483 -5% 4% 50.3% 49.8% 51.0% 49.5% Jun 11 Sep 11 2011 Mar 12 Jun 12 Jun 11 Sep 11 2011 Mar 12 Jun 12 44.2% Currency Breakdo
Slide 12: Higher interest expense, attributable to the CB's monetary tightening
Higher interest expense, attributable to the CB’s monetary tightening... Interest Income (TLmn) Composition of Interest Income 172 0.6% 0.5% 0.7 10.1% 13.3% 59% 108 23.0 Other 0.7 Securities 89.3% 86.2% 10.9 Loans 148.5 96.6 1H 2011 1H 2012 1H 2011 1H 2012 Interest Expense (TLmn) Composition of Inte
Slide 13: NIM remained intact, squeezed between CPI linkers and higher deposit costs
NIM remained intact, squeezed between positive effect of CPI linkers and higher deposit costs... Banking Income (TLmn) Adjusted Net Interest Margin* (Quarterly) 91 29% 70 11.2 9.8 8.6 10.9 5.1% 4.7% 4.7% 4.2% 69.5 3.8% 50.5 2Q11 3Q11 4Q11 1Q12 2Q12 1H 2011 1H 2012 Other Net Fees Adj.NII (by FX and t
Slide 14: Minor rise in OPEX, when adjusted with the inflation
Minor rise in OPEX, when adjusted with the inflation... Operating Expenses (TLmn) Composition of Operating Expenses 53 12% 47 23% 23% 12.2 10% 11% 11.1 4% 3% 5.6 4.6 1.8 2.0 63% 63% 33.2 29.5 1H 2011 1H 2012 1H 2011 1H 2012 Personnel Depr.& Amort. Personnel Depr.& Amort. Operational Leasing Other Op
Slide 15: Summary Balance Sheet
Summary Balance Sheet... TL million Jun 2011 Dec 2011 Mar 2012 Jun 2012 Cash & Banks 345 411 375 381 Total Securities 297 370 425 448 Total Cash Loans 2,144 2,461 2,261 2,471 Fixed Assets & Subsidiaries 103 108 108 111 Other 87 139 123 132 Total Assets 2,976 3,489 3,292 3,543 Deposits* 2,062 2,463 2
Slide 16: Summary Income Statement
Summary Income Statement... TL million 1Q 2012 2Q 2012 1H 2011 1H 2012 Interest Income 85.0 87.2 108.2 172.2 Loans 73.7 74.8 96.6 148.5 Securities 11.0 12.0 10.9 23.0 Other 0.3 0.4 0.7 0.7 Interest Expense 53.1 54.0 62.8 107.1 Deposits 44.6 41.4 54.8 86.0 Funds Borrowed 4.8 9.0 3.3 13.8 Other Borrow
Slide 17: Summary Income Statement (Consolidated)
Summary Income Statement (Consolidated)... TL million 1Q 2012 2Q 2012 1H 2011 1H 2012 Interest Income 85.6 88.0 108.8 173.6 Loans 74.1 75.1 97.2 149.3 Securities 11.1 12.1 10.8 23.2 Other 0.4 0.8 0.8 1.1 Interest Expense 53.1 53.9 62.6 107.0 Deposits 44.6 41.3 54.7 85.9 Funds Borrowed 4.9 8.9 3.3 13
Slide 18: Disclaimer
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