18 slides from Icbc Turkey Bank Anonim Sirketi's earnings presentation, Sep 30, 2012
Slide 1: Earnings Presentation September 30, 2012 / BRSA Bank-Only
Earnings Presentation September 30, 2012 / BRSA Bank-Only 1
Slide 2: Macroeconomic environment in 3Q 2012
Macroeconomic environment in 3Q 2012... ECB’s decision to buy bonds of problematic countries, along with following QE3 decision of Fed reversed the dismal mood dominating 2Q12 and resulted in a revival in risk appetite Accordingly, the CB reduced its average funding cost gradually down to 5.8% a
Slide 3: Increase in NPL: Highlights of 3Q 2012
Increase in NPL... Highlights of 3Q 2012: A slight contraction of 1% in balance sheet, due to disposal of some securities, which were funded by repo Increase in NPL, some in line with the sector average, reflecting decelerating macroeconomic activity, – resulted in a quarterly negative bottom li
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: Slight contraction in balance sheet
Slight contraction in balance sheet... Composition of Assets Total Assets (TLmn) CAGR 04-07: YoY: 9.5% 35% 3,489 3,292 3,543 3,502 3,199 15.8% 14.8% -1.2% 18.5% 16.4% 16.2% 3.1% 2.0% 2.9% 2.4% 2.5% 10.6% 12.9% 12.6% 8.9% 9.5% Sep 11 2011 Mar 12 Jun 12 Sep 12 69.5% 68.7% 69.7% 72.5% Currency Composit
Slide 6: TL loan portfolio expanded further
TL loan portfolio expanded further... Total Cash Loans (TLmn) TL Cash Loans* (TLmn) YoY: 14% YoY: 22% 2,540 1,821 2,461 2,261 2,471 1,727 2,222 1,486 1,638 1,553 3% 5% Loans / Customer Deposits 107.1% 107.2% 98.2% 99.9% 100.9% Sep 11 2011 Mar 12 Jun 12 Sep 12 Sep 11 2011 Mar 12 Jun 12 Sep 12 Currenc
Slide 7: In line with higher TL deposits
...,in line with higher TL deposits Composition of Liabilities Total Deposits* (TLmn) TL Deposits* (TLmn) & SHE YoY: 5% YoY: 14% 1,511 2,463 2,307 2,370 1,359 2,262 2,242 1,330 1,262 1,268 4% 3% 4% 4% 6% 3% 19% 16% 15% 16% 15% 15% 9% 11% 12% 16% 11% Sep 11 2011 Mar 12 Jun 12 Sep 12 Sep 11 2011 Mar 1
Slide 8: Strong CAR at 15.9%
Strong CAR at 15.9%... Capital Adequacy Ratio (CAR) Free Equity (TLmn) Free Equity / Equity 74.1% 71.9% 71.8% 71.1% 17.0% 17.4% 15.9% 16.5% 15.9%* 70.7% 379 380 389 376 364 Sep 11 2011 Mar 12 Jun 12 Sep 12* Sep 11 2011 Mar 12 Jun 12 Sep 12 * Calculated according to new BRSA regulations, in line with
Slide 9: NPL ratio edged up, in line with the sector average
NPL ratio edged up, in line with the sector average... NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 4.6% 4.6% 4.9% 3.3% 3.4% 4.2% 3.1% 3.8% 2.5% 2.8% 2.8% 2.7% 2.9% 2.1% 2.2% 2.7% 2.6% 2.1% 2.1% 2.0% Sep 11 2011 Mar 12 Jun 12 Sep 12 Sep 11 2011
Slide 10: No significant change in loan portfolio
No significant change in loan portfolio... Breakdown of Loan Portfolio Breakdown of Retail Loans (TLmn) YoY: 15% 361 355 359 1% 1.2% 1.1% 1.2% 1.2% 1.3% 337 315 30 33 13.3% 28 12.9% 12.6% 12.9% 28 14.4% 28 150 156 143 136 127 85.9% 7 6 84.4% 7 5 86.3% 85.8% 7 85.5% 173 167 177 166 153 Sep 11 2011 Ma
Slide 11: Non-cash loans increased
Non-cash loans increased... Total Non-Cash Loans (TLmn) TL Non-Cash Loans (TLmn) Non-Cash / Cash Loans YoY: 3% YoY: 12% 1,225 1,154 1,149 542 503 564 1,118 1,091 523 502 5% 8% 50.3% 49.8% 51.0% Sep 11 2011 Mar 12 Jun 12 Sep 12 Sep 11 2011 Mar 12 Jun 12 Sep 12 45.3% 44.2% Currency Breakdown of FX Non
Slide 12: Notable increase in interest income
Notable increase in interest income... Interest Income (TLmn) Composition of Interest Income 252 0.7% 0.5% 44% 9.2% 10.2% 1.1 175 25.8 Other 1.2 Securities 16.1 90.1% 89.3% Loans 225.1 157.7 9mth11 9mth12 9mth11 9mth12 Interest Expense (TLmn) Composition of Interest Expense 158 6.2% 5.8% 48% Interba
Slide 13: Despite CB's lower funding cost, quarterly NIM declined
Despite CB’s lower funding cost, quarterly NIM declined, because of CPI linkers... Banking Income (TLmn) Adjusted Net Interest Margin* (Quarterly) 130 26% 103 13.6 14.8 11.5 16.2 5.1% 4.7% 4.7% 101.8 3.8% 4.0% 75.3 3Q11 4Q11 1Q12 2Q12 3Q12 9mth11 9mth12 Other Net Fees Adj.NII (by FX and trading gain
Slide 14: Almost no real rise in OPEX
Almost no real rise in OPEX... Operating Expenses (TLmn) Composition of Operating Expenses 79 11% 71 23% 24% 17.8 10% 11% 17.0 8.4 4% 3% 7.1 2.7 3.0 63% 62% 49.9 43.8 9mth11 9mth12 9mth11 9mth12 Personnel Depr.& Amort. Personnel Depr.& Amort. Operational Leasing Other Opex Operational Leasing Other
Slide 15: Summary Balance Sheet
Summary Balance Sheet... TL million Sep 2011 Dec 2011 Mar 2012 Jun 2012 Sep 2012 Cash & Banks 447 411 375 381 388 Total Securities 303 370 425 448 312 Total Cash Loans 2,222 2,461 2,261 2,471 2,540 Fixed Assets & Subsidiaries 104 108 108 111 109 Other 123 139 123 132 153 Total Assets 3,199 3,489 3,2
Slide 16: Summary Income Statement
Summary Income Statement... TL million 1Q 2012 2Q 2012 3Q 2012 9mth 2011 9mth 2012 Interest Income 85.0 87.2 79.8 175.0 252.0 Loans 73.7 74.8 76.6 157.7 225.1 Securities 11.0 12.0 2.8 16.1 25.8 Other 0.3 0.4 0.4 1.2 1.1 Interest Expense 53.1 54.0 51.3 107.2 158.4 Deposits 44.6 41.4 43.5 94.0 129.5 F
Slide 17: 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 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