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TEB
31 December 2013
Summary Balance Sheet
2
Source: TEB BRSA Consolidated Financials
TÜRK EKONOMİ BANKASI A.Ş.
Consolidated (in Mn TL)
31.12.12 31.03.13 30.06.13 30.09.13 31.12.13 YtD Chg
Liquid Assets 7,158 7,640 7,290 7,291 7,272 2%
Marketable Securities 4,802 5,556 5,392 5,394 5,357 12%
Loans 31,750 34,606 36,851 38,497 40,736 28%
Other Assets 2,152 1,768 2,234 2,927 2,839 32%
Total Assets 45,862 49,569 51,767 54,109 56,204 23%
Deposit 29,960 32,061 32,835 34,258 35,533 19%
Funds Borrowed 6,010 6,269 7,507 7,864 7,983 33%
Bond Issued 494 526 582 263 710 44%
Repo 65 1,718 1,071 540 1,083 1563%
Subordinated Debt 1,037 1,033 1,552 1,676 1,778 71%
Other Liabilities 3,296 2,824 2,942 4,072 3,548 8%
Shareholders Equity 5,000 5,138 5,278 5,436 5,569 11%
Liab.&Shr.Equity 45,862 49,569 51,767 54,109 56,204 23%
Summary Income Statement
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Source: TEB BRSA Consolidated Financials
TÜRK EKONOMİ BANKASI A.Ş.
Consolidated (in Mn TL, cumulative)
31.12.2012 31.12.2013 YoY Chg
Net Interest Income 1,940.1 2,064.5 6.4%
Gains/Losses From Derivatives and FX position -114.7 25.7
Securities Trading Gain/ Loss 31.9 40.8
Net Fee&Commissions 581.6 701.7 20.7%
Other Income 90.6 93.4 3.2%
Net Banking Income 2,529.4 2,926.1 15.7%
Loan Provision Expense -325.5 -407.3 25.1%
Net Operating Income 2,203.9 2,518.7 14.3%
Other Operating Expense -1,552.4 -1,775.2 14.3%
Dividend Income 0.9 1.8
Tax Provisions -163.4 -174.8 7.0%
Net Profit 488.9 570.5 16.7%
Strong balance sheet growth with continuing
commitment to core banking activities
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Source: TEB BRSA Consolidated Financials
Share of retail loan in loan composition increasing
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Source: TEB BRSA Bank only Financials
NPL ratio maintained below sector averages
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Source: TEB BRSA Bank only Financials
NPL sales: 117 mn TL
Loan portfolio(*) highly distributed among industries
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(*) incl. non-cash balance
Share of marketable securities maintained around 10%
of total assets
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Source: TEB BRSA Bank only Financials
Shift to alternative funding slightly increasing the L/D
ratio, in line with the sector
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Source: TEB BRSA Bank only Financials
Normalization in COR in comparison to last year
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(1) COR includes specific and general as well as other
provision expenses
Cumulative ratio = annualized Provision Exp. (incl.GLLP) /
Average quarter-end Loans.
Quarterly ratio = annualized Provision Exp. (incl. GLLP) /
Average of last 2 quarter-end Loans
Source: TEB BRSA Bank only Financials
Declining margins reflected on the C/I ratio despite
controlled costs
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Source: TEB BRSA Bank only Financials
(1) Annualized NII /
/ Avr of past YtD quarter-end Loan and MS for
cumulative line
/ Avr of last 2 quarter-end Loan and MS for
quarterly line
TEB’s Network
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As of 31/12/2013
Number of Clients: 5 million
Number of Branches: 544
Total Staff: 10,001
ATM: 1,677
POS:120,691
TEB is present in 72 cities out of 81
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Cities with branches
Cities without branches
Cities branches opened during 2013
12
4
Van
Konya
Nevşehir
Kırşehir
Sinop Bartın
Çankırı
Bilecik
Tokat
Bitlis
Hakkari Şırnak
Siirt
Karaman
Balıkesir
Afyon
Uş ak
Aydın
İzmir
Edirne
Kırklareli
İstanbul Tekirdağ
Çanakkale
Kocaeli
Yalova
Zonguldak
Kastamonu
Samsun
Ankara Kırıkkale
Aksaray
Isparta
Burdur
Antalya
Mersin
Niğde
Yozgat
Amasya Ordu
Adana
Hatay
G.Antep
K.Maraş
Malatya
Adıyaman
G.Hane
Muğla
Düzce
Osmaniye
Kilis
Sakarya
Bayburt
Denizli Aydın
Uşak
Manisa
Bingöl Tunceli
Van
Muş
Ş.Urfa
Elazığ
Diyarbakır
Mardin
Batman
Erzincan
Giresun Trabzon
Rize
Eskişehir
Bursa
Kütahya
Bolu
Sivas
Çorum
Kayseri
Karabük Ardahan
Ağrı
Iğdır
Artvin
Kars
Erzurum
186
19
1
2
1
2
43
1
6
2
1
2
24 3
2
6
4
1 3
2
1
2 5
9
1
1
41
3
1 1
1
1
2
12
3
7
2 13
1
3 1
6
4
5
2
2
2
3
1
1
1
1
1
1
1
1
12
2
1
1
1
25
6
10
2
2
7
2
2 6
1
4
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APPENDIX
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Summary Balance Sheet
Source: TEB BRSA Bank only Financials
TÜRK EKONOMİ BANKASI A.Ş.
Bank only (in Mn TL)
31.12.12 31.03.13 30.06.13 30.09.13 31.12.13 YtD Chg
Liquid Assets 6,859 7,484 7,079 6,962 7,136 4%
Marketable Securities 4,708 5,424 5,289 5,282 5,205 11%
Loans 29,686 32,288 34,369 36,136 38,135 28%
Other Assets 2,279 1,898 2,362 3,034 2,933 29%
Total Assets 43,532 47,094 49,099 51,414 53,409 23%
Deposit 28,727 30,811 31,625 32,966 34,288 19%
Funds Borrowed 5,179 5,315 6,324 6,800 6,793 31%
Bond Issued 494 526 582 263 710 44%
Repo 41 1,705 1,065 510 1,062 2497%
Subordinated Debt 1,037 1,033 1,552 1,676 1,778 71%
Other Liabilities 3,249 2,761 2,893 4,017 3,490 7%
Shareholders Equity 4,806 4,943 5,057 5,182 5,286 10%
Liab.&Shr.Equity 43,532 47,094 49,099 51,414 53,409 23%
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Summary Income Statement
Source: TEB BRSA Bank only Financials
TÜRK EKONOMİ BANKASI A.Ş.
Bank only (in Mn TL, cumulative)
31.12.12 31.12.13 YoY Chg
Net Interest Income 1,844.7 1,972.2 6.9%
Gains/Losses From Derivatives and FX position -111.7 30.0
Securities Trading Gain/ Loss 30.3 41.7
Net Fee&Commissions 536.9 647.5 20.6%
Other Income 92.0 99.6 8.4%
Net Banking Income 2,392.1 2,791.1 16.7%
Loan Provision Expense -273.9 -395.0 44.2%
Net Operating Income 2,118.2 2,396.1 13.1%
Other Operating Expense -1,482.6 -1,701.9 14.8%
Dividend Income 18.1 4.9 -72.7%
Tax Provisions -157.7 -164.1 4.1%
Net Profit 496.0 535.0 7.9%
Ratings of TEB
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A Major Player of the Turkish Financial Services Market
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TEB
Full range of banking
services
TEB N.V.
“Turkish specialist” in the EU
market, total asset size is EUR
604 mio as of 4Q 2013
TEB Factoring
3rd largest factoring company in
Turkey with 10 % market share
as of 3Q 2013
TEB Investment
4th largest brokerage &
investment house of Turkey
with 4.2% market share as of
4Q 2013
TEB Asset
Management
7th largest asset management
company with 4.9% market
share as of 4Q 2013
TEB Arval
Operative since October 2007,
5,3% market share as of 4Q
2013
BNPP Leasing
6th largest leasing company in
Turkey with 7.2% market share
as of 4Q 2013
TEB Cetelem
Consumer finance company in
Turkey with 7.6%market share
as of 4Q 2013
BNPP Cardif
Insurance A major global player for
personal insurance
Turkish operations fully owned
by BNP ParibasCardif (S&P AA
rated),100% subsidiary of BNP
Paribas
%3 market share in Turkey in
protection insurance & pension
TEB Kosovo Operative since January 2008,
with 25 branches, as of 4Q
2013
Loans: €265M
Deposits: € 324M
Disclaimer
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The information and opinions obtained in this document have been compiled or
arrived at by TEB from sources believed to be reliable, but no representation or
warranty is made as to their accuracy, completeness or correctness. All opinions
and estimates contained in this document constitute TEB’s judgement as of the
date of this document and are subject to change without notice. This document is
published for the assistance of the recipients, but is not to be relied upon as
authoritative or taken in subtitution for the exercise of judgement by any recipient.
TEB does not accept any liability for any direct or consequential loss arising from
any use of this document or its contents. This document is strictly confidential and
may not be reproduced, distributed or published for any purpose.