32
İŞBANK INVESTOR PRESENTATION Q1 2020
İŞBANK INVESTOR
PRESENTATION Q1 2020
Contents
İşbank at a Glance 4
Financial Highlights 8
Appendix 25
2
İşbank at a Glance 4
Financial Highlights 8
Appendix 25
3
1,374 1,364 1,355
1,271 1,265
2016 2017 2018 2019 2020 Q1
• Stocks are quoted at BIST and also traded at LSE in the form of GDRs.
• Largest stake owned by employees via pension fund
• domestic branches country-wide (largest among private banks), and foreign branches
• ATMs (largest ATM network among private banks)
• ~ 8.4 mn digital customers
15 İşbank Branches in Northern Cyprus
2 İşbank Branches in London, UK.
1 Branch in Manama, Bahrain
2 Branches in Arbil and Baghdad, Iraq
2 Branches in Pristine and Prizren, Kosovo
HO + 10 İşbank AG Branches in Germany – Bank Subsidiary
1 İşbank AG Branch in Amsterdam, the Netherlands
HO + 3 İşbank Russia Branches in Russia – Bank Subsidiary
HO + 2 İşbank Georgia Branches in Georgia – Bank Subsidiary
1 Representative Office in Shang-hai, China
1 Representative Office in Cairo, Egypt
38.17%
33.74%
28.09%
Widespread shareholder base
Nationwide coverage
İşbank in Brief
International coverage
4
Atatürk Shares
İşbank Pension Fund
Free Float
226,530
Number of Branches
3
1,243
7
6
16
11 20
95 19
21
18 3
50
7
22
12
4 48
31 316
31
7 5
6 12
119
5 3
8 4 4 5
3
5
7
14
5 7
5 6 2
16
1
5 5 1
3
3 1
6
1 1
6 2
3
3 6
2 11
9 23
6 10
17
4 30
26
26
3
4
3 8
3
19 7
6 4
1
4 5
3 1
1
Main Business Lines
Banking Services
Corporate Banking
Commercial Banking
Retail Banking
Private Banking
Capital Market Operations
Other Banking Services
Other Financial Services
Insurance
Private Pension
Asset Management
Venture Capital
Investment Banking
REIT
Leasing & Factoring
Brokerage & Custody
5
The Largest Private Bank
(1) Market share calculations are based on weekly BRSA data excluding participation banks. Total assets market share is based on monthly BRSA data. (2) Ranking among private-sector banks (3) Including retail overdraft accounts (4) Excluding interbank deposits (5) Market share calculations are based on Interbank Card Center (BKM) data.
6
Market Share (%)2020 Q1
Main Balance Sheet Items(1)
Total Assets 11.2 1st
Total Loans 10.8 1st
TL Loans 10.2 1st
FX Loans 11.9 1st
Consumer Loans(3) 11.3 2nd
Non-Retail Loans 10.7 1st
Total Deposits 11.6 1st
TL Deposits 9.7 1st
FX Deposits 13.4 1st
Demand Deposits(4) 15.1 1st
Other Products & Distribution Network
Number of POS(5) 10.6 3rd
Acquiring Volume(5) 15.9 3rd
Number of Credit Cards(5) 11.6 3rd
Issuing Volume(5) 14.0 3rd
Volume of Debit Cards(5) 8.8 3rd
Number of Branches 12.4 1st
Number of ATMs 12.3 1st
Rank(2)
İşbank at a Glance 4
Financial Highlights 8
Appendix 25
7
203,144239,409
258,542 270,360298,045
2016 2017 2018 2019 2020 Q1
37,40942,984
49,72158,873 58,531
2016 2017 2018 2019 2020 Q1
177,360203,752
245,269
295,922 308,028
2016 2017 2018 2019 2020 Q1
Shareholders’ Equity (TL mn.)
Deposits (TL mn.)
Total Assets (TL mn.)
313,074362,244
416,388468,059
511,926
2016 2017 2018 2019 2020 Q1
Growth Performance
Loans (TL mn.)
8
%9.4 9.4%%10.2
10.2%
%4.1 4.1% -%0.6 -0.6%
Loans / Assets
64.9% 66.1% 62.5%57.8% 58.2%
2016 2017 2018 2019 2020 Q1
91.1% 91.5%89.3% 89.0% 88.8%
2016 2017 2018 2019 2020 Q1
5.6% 6.1%4.5% 4.1%
57.8% 58.2%
18.0% 17.1%
14.1% 14.4%
2019 2020 Q1
Cash & Banks
Securities
Loans
Participations
Fixed & Other Assets
Asset Structure
Asset Composition
Interest Earning Assets / Total Assets
9
Main Balance Sheet Items
(TL mn.) 2019 2020 Q1 Change
Cash & Banks 66,188 73,604 11.2%
Securities (Net) 84,247 87,712 4.1%
Loans 270,360 298,045 10.2%
Participations (Net) 21,071 21,127 0.3%
Fixed Assets (Net) 8,478 8,719 2.8%
Other Assets 17,716 22,718 28.2%
Total Assets 468,059 511,926 9.4%
157,415112,945
270,360
174,448123,597
298,045
TL FX* Total19 Q4 20 Q1
Loans / Deposits
TL / FX Mix of Loans
60.2% 61.6% 55.3% 58.2% 58.5%
39.8% 38.4% 44.7% 41.8% 41.5%
2016 2017 2018 2019 2020 Q1
TL FX
91.4%96.8%
89.4% 93.9%
2019 2020 Q1
Loans/Deposits Loans/Deposits (Adj.)*
Solid Lending Franchise
Loan Portfolio QoQ Change (TL mn.)
(*) TL securities issued added to deposits.
10
(*) change in FX loans when adjusted for the change in exchange rate.
%10.8 10.8% TL 140,287 174,448 TP%9.4 9.4% FX* 116,910 123,597 YP*
%10.2 10.2% Total 257,197 298,045 Toplam
-0.8%
140,287 116,910
257,197
174,448123,597
298,045
TL FX* Total19 Q1 20 Q1
Loan Portfolio YoY Change (TL mn.)
FX* 116,910 123,597 YP* %5.7 5.7%TL 140,287 174,448 TP %24.424.4%
Total 257,197 298,045 Toplam %15.9 15.9%
-9.1%(*) change in FX loans when adjusted for the change in exchange rate.
54.7% 56.5%
21.7% 20.2%
5.5% 4.8%
18.1% 18.5%
2019 2020 Q1
Consumer
Credit Cards
SME
Commercial &Corporate
2.5% 2.4%
35.6% 33.1%
1.1%1.0%
60.8% 63.6%
2019 2020 Q1
General PurposeConsumer Loans
Auto Loans
Housing Loans
Retail Overdraft
Consumer Loans (TL mn.)
Total Loans (TL mn.)
Diversified Loan Portfolio
(1) Includes retail overdraft accounts. (2) Includes retail credit card balances only. (3) SME definition includes companies with number of employees < 250 and turnover or total assets <= TL 125 mn.
… comprised of retail and SME loans.
11
Retail Loans
(1)
(2)
(3)
270,360 298,045 48,987 55,283
23.3%
44%
Net Cost of Risk
(1) Net NPL Formation / Average Performing Loans (2) (Stage 1+2+3 Expected Credit Losses - Reversals) / Average Performing Loans 12
Asset Quality
NPL Trends (Quarterly) (TL mn.)
NPL Ratio & Share of Stage II
4,27
9
1,79
7
1,12
5
891
1,02
6
926
3,38
8
771
199
19 Q3 19 Q4 20 Q1
Additions to NPLs Recoveries Net NPL Formation
5.33%1.18% 0.28%
Net NPL Formation Rate(1)
Coverage Ratios
5.8%6.7% 6.5% 6.0%
14.3% 13.9% 13.5%12.3%
19 Q2 19 Q3 19 Q4 20 Q1
NPL Ratio Share of Stage II
2019 2020 Q1
Stage 1 0.6% 0.6%
Stage 2 10.1% 12.0%
NPL Stage 3 54.7% 59.1%
Performing Loans
Cumulative
Provisions (TL mn) 2019 12M 2019 Q4 2020 Q1
Stage 1 498 196 211
Stage 2 969 478 749
Stage 3 6,312 1,415 1,515
Reversals (TL mn) (-) 2019 12M 2019 Q4 2020 Q1
Stage 1+2 1,065 36 156
Stage 3 1,093 209 547
Net CoR (2) 217 bps 283 bps 249 bps
Quarterly
4.80% 4.83%
FX Securities
• Government bonds and treasury bills constitute . of total portfolio.
• Average durations years for TL Securities years for FX Securities
Breakdown of TL & FX Securities*
Securities Portfolio
Classification of Securities
13
31.6%
99.9%17.2%
0.1%
51.2%
CPI Linkers
Floating(excl. CPIlinkers)Fixed
TL FX
77.4% 22.6%
2020 Q1
1.7%
61.1%
37.1%
Measured at Fair Value through Profit/Loss
Measured at Fair Value through OCI
Measured at Amortised Cost
1.8%
61.6%
36.7%
2020 Q12019
Yield of Securities (Quarterly)
13.54% 13.32%
TL Securities
19 Q4 20 Q1
1.24.8
96%
CPI Linkers (Quarterly) 19 Q4 20 Q1
Yield 12.98% 13.45%
Interest Income (TL mn.) 962 1,047
Share in Total Sec.
(*) Shows floating and fixed rate notes.
Strong Fund Generation Capability
Liabilities Composition
(*) Includes subordinated debt of USD 1.9 bn and TL 2.3 bn as of 2019, and USD bn and TL bn as of 2020 Q1.
14
Main Balance Sheet Items
Largest TL funding base among private-sector banks
(TL mn.) 2019 2020 Q1 Change
Deposits 295,922 308,028 4.1%
REPOs & Money Market 1,188 13,152 1007.3%
Funds Borrowed 40,251 43,920 9.1%
Securities Issued 31,117 37,009 18.9%
Other* 40,708 51,285 26.0%
Equity 58,873 58,531 -0.6%
Total Liabilities & Equity 468,059 511,926 9.4%
63.2% 60.2%
0.3% 2.6%
8.6% 8.6%
6.6% 7.2%
8.7% 10.0%
12.6% 11.4%
2019 2020 Q1
Equity
Other*
Securities Issued
Funds Borrowed
REPOs&Money Market
Deposits
2.7 2.3
102,095151,665
253,760
125,846
182,182
308,028
TL FX * Total2019 Q1 2020 Q1
131,290164,632
295,922
125,846
182,182
308,028
TL FX * Total2019 2020 Q1
Deposits YoY Change (TL mn.)
• Largest market share in total, FX, and demand deposits among private sector banks
• Largest demand deposit base (1)
In total deposits: In TL deposits(2): In FX deposits(2):
• Market share in demand deposits (2) : • Savings deposits account for of total deposits.
Deposits QoQ Change (TL mn.)
Largest Deposits Franchise
Share of Demand Deposits (in Total Deposits)
15
… a clear indicator of customer trust.
(*) change in FX deposits when adjusted for the change in exchange rate.
(*) change in FX deposits when adjusted for the change in exchange rate.
%0.3
24.6% 26.3% 24.4%28.4%
32.1%
2016 2017 2018 2019 2020 Q1
(1) Among private sector banks. (2) Excluding bank deposits.
-%4.1 -4.1%%10.7
10.7%
%4.1 4.1%
32.1%
26.7%36.3%
15.1%68.5%
%23.323.3% %20.1
20.1%
%21.421.4%
3.3%
17.87%
1.18%
1.24%
0.35%
0.11%
-0.15%
-0.40%
-0.74%
-1.03%
18.41%
2019 Q4
Sub-Debt Issuance
BRSA Forbearance
Net Income
Sub-Debt Currency Impact
Change in RWA for Operational Risk
Other Changes in Capital
Currency Depreciation Impact
Other Changes in RWA (exc. curr. imp.)
2020 Q1
Change in CAR
Sufficient Capitalization
Capital Ratios (%) Comfortable level of capital, well above the regulatory limit…
16
Basel III Buffers & Legal Requirements
Min. Legal Requirements (%) 2020
CAR 8
Tier 1 Ratio 6
CET 1 Ratio 4.5
Buffers (%) 2020
Capital Conservation Buffer 2.5
Counter Cyclical Buffer 0.04
SIFI Buffer 2
2020 Minimum Requirements (%) Bank-Only Consolidated
CAR 10.54 12.54
Tier 1 Ratio 8.54 10.54
CET 1 Ratio 7.04 9.04
17.87% 18.41%
14.97% 14.37%
2019 2020 Q1
CAR Tier I Ratio
13.28%*
17.20%*
(1) Based on MIS data
(2) Interest earning assets include Central Bank reserves.
(3) Including demand deposits.
Margin & Spreads
TL Spread (Quarterly) NIM (Cumulative)
17
NIM (Quarterly) FX Spread (Quarterly)
(1)
(2)
(2)
5.50% 5.73%
3.71%
4.89%
2019 2020 Q1
NIM NIM - Swap Adjusted
17.74%15.69%
9.64%7.31%
Loan Yield
Deposit Cost
6.05% 5.73%4.86% 4.89%
19 Q4 20 Q1
NIM NIM - Swap Adjusted
8.09% 8.38%
19 Q4 20 Q1
TL Spread
7.15% 7.15%
0.78% 0.56% Loan Yield
Deposit Cost
6.37% 6.59%
19 Q4 20 Q1
FX Spread
(3)
(3)
20.0% 16.5%
44.1%33.4%
5.7%11.5%
30.2% 38.5%
2019 Q1 2020 Q1
Lending Related Fees
Mutual Fund Man. &Other Inv. Acc. Fees
Payment Systems
Other*
Fee Income Performance
Fees & Commissions Income (Net) Net Fees & Comm. Income Growth (YoY)
Fees & Comm. Income Coverage
18
Composition of Net Fees & Comm.
(*) Including Fund Transfer, Insurance, Account Keeping and Other fees.
18.9% 18.8%
30.6%26.4%
16.1%
2016 2017 2018 2019 2020 Q1
54.4%46.5%
117.8%
88.8%
2019 Q1 2020 Q1
Net Fees & Comm. / OPEX
Net Fees & Comm. / HR Expenses
(TL thousand) 2019 Q1 2020 Q1 ∆YoY
Cash Loans 113,977 308,284 170.5%
Non-cash Loans 262,543 248,582 -5.3%
Mutual Fund Man. & Other Inv. Acc. Fees 71,114 166,355 133.9%
Payment Systems 549,386 483,563 -12.0%
Other* 248,635 238,871 -3.9%
Net Fees & Commissions 1,245,655 1,445,655 16.1%
18.4 17.9 18.3 18.0
18.2 18.118.9 18.9
17.3 17.6 18.018.8
19.3 19.1 18.9 19.0
2013 2014 2015 2016 2017 2018 2019 2020 Q1
İşbank Peer Average
2.1%2.4%
2019 2020 Q1
Cost Structure Cost / Average Assets
Employees per Branch Cost / Income
Effective Cost Management
19
(1)
(3)
43.7%52.4%
25.7%21.4%
8.8% 6.4%5.5% 5.5%16.2% 14.3%
2019 2020 Q1
Other
SDIF Fees
Depreciation
Other Op.ExpensesHR Expenses
38.8% 38.7%
2019 2020 Q1
(1)
(2)
(1) Cost is adjusted for non-recurring and other items. (2) Income includes income from participations; and is adjusted for non-recurring and other items. (3) Peer banks are defined as the closest 3 private sector banks.
Income Statement Highlights
20
NM: Not meaningful (1) Based on MIS data (2) Includes reversal of Stage I+II provisions.(2019 Q1: TL 758 mn. , 2019 Q4: TL 36 mn., 2020 Q1: TL 156 mn.)
(TL mn.) 2019 Q4 2020 Q1 ∆ QoQ 2019 Q1 2020 Q1 ∆ YoY
Net Interest Income 5,689 5,756 1.2% 4,294 5,756 34.1%
(-) SWAP Cost (1)1,122 847 -24.6% 1,472 847 -42.5%
Net Interest Income Incl. Swap Cost 4,567 4,909 7.5% 2,822 4,909 74.0%
Net Fees & Commissions 1,574 1,446 -8.2% 1,246 1,446 16.1%
Net Trading Gains/Losses Excl. Swap Cost 351 -92 NM 495 -92 NM
Other Operating Income 389 810 108.5% 1,271 810 -36.2%
Total Operating Income 6,880 7,073 2.8% 5,833 7,073 21.3%
Provision Reversals for Administrative Fine 0 0 NM 83 0 NM
Total Operating Income - Adj. 6,880 7,073 2.8% 5,750 7,073 23.0%
HR Expenses 1,000 1,628 62.8% 1,057 1,628 54.0%
Non-HR Expenses 1,542 1,479 -4.1% 1,234 1,479 19.9%
Total Operating Expenses 2,541 3,106 22.2% 2,291 3,106 35.6%
(-) Pre-provision for pension fund -360 180 NM 150 180 20.0%
(-) Provision for pension fund 619 0 NM 0 0 NM
Total Operating Expenses - Adj. 2,282 2,926 28.2% 2,141 2,926 36.7%
Operating Profit 4,339 3,967 -8.6% 3,543 3,967 12.0%
Operating Profit - Adj. 4,598 4,147 -9.8% 3,609 4,147 14.9%
Stage 3 Expected Credit Losses 1,415 1,515 7.1% 1,885 1,515 -19.6%
Stage 1+2 Expected Credit Losses 675 960 42.4% 328 960 192.4%
Other Provision Charges 324 405 24.8% 257 405 57.7%
Total Provision Charges 2,414 2,880 19.3% 2,470 2,880 16.6%
(-) Free provisions 300 100 -66.7% 130 100 -23.1%
Total Provision Charges - Adj. 2,114 2,780 31.5% 2,340 2,780 18.8%
Income from Participations 874 617 -29.4% 585 617 5.5%
Tax Provisions 489 247 -49.4% 199 247 24.1%
Net Income 2,310 1,456 -37.0% 1,458 1,456 -0.1%
(2) (2)(2)
1.39%1.19%
1.40%1.20%
2019 2020 Q1
RoAA RoATA
Return on Assets Return on Equity
Profitability Ratios
21
(*) Tangible Equity (TE) and Tangible Assets (TA) are calculated by the deduction of M-t-M valuation differences regarding Fin. Assets Measured at FV through OCI and real estates from shareholders’ equity and total assets.
* *
11.4%
9.9%
12.1%
10.7%
2019 2020 Q1
RoAE RoATE
Strong Focus on Digitalisation
(*) Source: The Banks Association of Turkey, as of 2019 Q4
(*) Number of sales in 2020 Q1
Evolution of Share of Transactions per Channel Digital Banking – Number of Customers (‘000)
Mobile Banking Market Shares * Share of Digital Channels in Retail Sales *
~ 8.4 mn digital
customers
22
207
1,62
0
7,80
9
2,84
2
8,25
0
2,48
7
Mobile Banking Internet Banking
2011 2019 2020 Q1
37.6%
10.7% 9.4%
30.3% 15.3%11.3%
2.2%
62.8%70.7%74.8%
92.2% 94.4%
2011 2012 2013 2014 2015 2016 2017 2018 2019 2020Q1
Internet Banking ATM
Mobile Banking Total Non-Branch
84.0%78.3%
TL Time Deposits GPLs
# Transactions
Investment 30.2%
Credit Cards 16.2%
Money Transfer 12.1%
Payments 13.2%
Sustainability
23
Corporate Governance Committee
Sustainability Coordinator
Sustainability Team
Environmental and Social Impacts Policy
Human Rights and Human Resources Policy
Anti-bribery and Anti-corruption Policy
Gifts and Hospitality Policy
Female employees(2) 55%
Female managers(3) 45%
Sustainability Service
(Investor Relations Division)
Senior level commitment in sustainability management…
Atlas Data Center Tuzla Technology and Operations Center
Head Office
Environment-friendly buildings Risk assessment via Environmental and Social Risk Evaluation Tool
for new investment projects worth more than USD 10 million
Declaration of Sustainable Finance
İşbank Exclusion List of activities which are not financed
Strong support for renewable energy
Share of RE projects in total energy generation projects portfolio(1) 67%
(As of 31.03.2020)
Sustainability Policy
Efficient governance structure for ESG activities…
- Evaluation of Environmental and Social Impacts Caused by Lending Activities
- Evaluation of Internal Environmental Impacts
- Calculation of GHG emissions
- Training and Improving Internal Capacity - Reporting - Internal Audit and Internal Control - Management Review
Pro
cess
es
Po
licie
s
Sustainability Management System
Strong rights contributing to employee satisfaction (As of 31.03.2020)
Unionized employees 99%
Turnover rate 0.4%
Return from maternity leave 99%
(1) Cash + Non-cash loans (2) Excluding private security personnel (3) Positions including and superior to II. Manager
İşbank at a Glance 4
Financial Highlights 8
Appendix 25
24
Credit Card Business
(TL million)(2) 2019 Q1 2020 Q1 Change
Issuing Volume 29,786 34,269 15.1%
Issuing Volume Market Share 14.2% 14.0% -25 bps
Acquiring Volume 37,027 42,771 15.5%
Acquiring Volume Market Share 16.8% 15.9% -93 bps
Balance 16,926 19,338 14.2%
Number of Credit Cards (000) 7,740 8,260 6.7%
Number of P.O.S. Terminals 481,893 513,585 6.6%
25
• Over Maximum Sales Points and over chains are included in Maximum loyalty programme.
• Pioneering and leading bank in e-commerce and online shopping
• 38(1) alternative payment methods accepted in over 50 countries in e-commerce. Online merchants are able to accept these payment methods thanks to İşbank’s strong e-commerce API.
• By adding cards bearing MIR, Discover and Diners Club logos to the set of accepted cards that previously included Visa, Mastercard, American Express, UnionPay and JCB, İşbank has become the Bank accepting the highest number of card brands in Turkey.
• Continuous development to enhance the digital experience of customers, many novelties introduced to the payment systems market. (New products: Maximum Gaming Card, Digital Maxipara Card, İşim Card, Instant Card)
• Strategic expansion in the card payment area: Merchant acquiring in UK and Georgia besides Turkey, issuing debit cards in Iraq, UK, Georgia and Kosovo besides Turkey.
342,555 397,094
(1) Ideal, Giropay, EPS, Alipay, QIWI, Mybank, Sofort, Bancontact, Multibanco, P24, Trustpay, Safetypay, Boleto, Elo, Finish Online Banking, Sepa Direct Debit, Wechatpay, Trustly, PayU, Poli, Dragonpay, eNETS, Singpost, Knet, Blik, Bangkok Bank, Krung Thai Bank, Krungsri Bank, Siam Commercial Bank, Yandex.Money, Sberbank Online, Alfa-Click, Zimpler, MIR, Yandex Installment, Klarna Bank Transfer-Pay Later-Slice It
(2) According to Interbank Card Center data
İşbank and Its Participations
… as one of the biggest conglomerates in Turkey.
İşbank
Core Business
Banking Services
Corporate Banking
Commercial Banking
Retail Banking
Private Banking
Capital Market Operations
Other Banking Services
Financial Participations
Insurance
Private Pension
Asset Management
Venture Capital
Investment Banking
REIT
Leasing & Factoring
Brokerage & Custody
Non-core Business
Non-financial Participations
Glass
Others
26
50.5% 49.5%
FinancialNon-FinancialGlass46.2%
Other4.3%
Banks
22.2%
Insurance13.0%
Financial Ins.
14.2%
Participation Mix*
Non-listed
23.8%
Listed
76.2%
A Diversified Equity Participation Portfolio
Sectoral Breakdown*
27
• As of March 2020, – İşbank has 17 participations. – Share of participations in total assets is .
• Since 2002, a total of 43 participations has been divested.
4.1%
(*) According to the book values, as of 31.03.2020.
General Information
Glass
Market/Production Shares (%)*
28
1. Includes exports and sales from production abroad
2. Market shares including Turkey. For Flat Glass, Glassware and Soda Ash, European market does not include Russia and Ukraine. (31.12.2019)
3. Production/capacity shares. (31.12.2019)
4. Soda products are based on heavy soda ash and light soda ash in the domestic, European and Global market. Soda ash sales within Turkey and BiH are considered in European market share. (31.12.2019)
5. Chromium chemicals are based on Basic Chromium Sulphate.
6. Market share in terms of units. (31.12.2019)
7. Market share in terms of revenue. (31.12.2019)
8. Market share in terms of tonnage.(31.12.2019)
Turkey Europe2,3 World3
Flat Glass 8 69.0 20.3 3.6
Glassware 71.8 6 17.4 7 8.5 7
Glass Packaging 8 58.4 7.3 2.8
Soda Ash 4,8 46.0 14.5 3.15
Chromium Chemicals5,8 83 50 31
• A leading flat glass, glassware, glass packaging, glass fibre, soda ash and chromium chemicals producer in the domestic market.
• Backed by its vision, Şişecam expands its production operations into neighbouring countries.
• 67.54% share of Şişecam is held by İşbank.
Financial Information (Con., IFRS)
USD (Million) 2020/03 2019/12
Total Assets 6,240 6,579
Shareholders’ Equity 2,969 3,248
Net Sales 710 3,066
International Sales 1 422 1,916
Gross Profit 230 998
EBITDA 228 827
Production Plants of Şişecam
29
The Group enlarges its business area by expanding its operations to the fastest-growing countries in its region
(1) As of March 31, 2020 (2) As of December 31, 2019 (3) As of March 31, 2020; total amount of funds (including state contribution) managed within private pension system is TL 122 billion while Anadolu Hayat Emeklilik accounts for %18.4 of this figure. The company’s market share in life insurance market is %12.3 as of the same date. (4) Milli Reasürans T.A.Ş. is the only reinsurance company backed by national capital operating in Turkey with a market share of 6.2%. The rest 93.8% is shared by foreign reinsurance companies. (5) Consolidated data
30
List of Financial Participations…
Company Name Field of Activity Bank’s Direct
Share(%) Risk Group Share (%)
Assets (USD 000) (1)
Shareholders’ Equity
(USD 000)(1)
Market Share (%)(1)
Basis for Market Share
Türkiye Sınai Kalkınma Bankası A.Ş. Investment Bank 41.44 50.92 7,262,748 841,507 13.9(2) Total Assets
İşbank AG Banking 100.00 100.00 1,986,649 233,929 N/A
JSC İşbank Banking 100.00 100.00 221,338 52,306 N/A
JSC Isbank Georgia Banking 100.00 100.00 95,705 23,796 N/A
Anadolu Anonim Türk Sigorta Şirketi Insurance - 64.31 1,548,363 302,031 11.02 Premium Income
Anadolu Hayat Emeklilik A.Ş. Life Insurance & Private Pension 62.00 83.00 4,234,614 163,149 18.4/ 12.3(3) Private Pension Funds Under Management / Life Premium Income
Milli Reasürans T.A.Ş.(2) Reinsurance 77.06 77.06 769,434 362,622 6.2(4) Premium Income
İş Yatırım Menkul Değerler A.Ş. (5) Brokerage House 65.65 70.69 1,129,237 205,702 9.2 Transaction Volume
Yatırım Finansman Menkul Değerler A.Ş. (5) Brokerage House - 98.42 119,656 18,754 3.2 Transaction Volume
İş Yatırım Ortaklığı A.Ş. Trust Company - 38.66 34,328 34,067 44.3 NAV
İş Portföy Yönetimi A.Ş. Portfolio Mngt. - 100.00 19,758 17,341 18.4 Funds Under Management
İş Finansal Kiralama A.Ş. (5) Leasing 27.79 58.29 1,373,984 198,906 10.2(2) Lease Receivables
İş Faktoring A.Ş. Factoring - 100.00 465,334 45,956 9.2(2) Factoring Receivables
İş Gayrimenkul Yatırım Ortaklığı A.Ş. REIT 47.90 63.70 813,081 590,691 5.3 Market Value
İş Girişim Sermayesi Yatırım Ortaklığı A.Ş. Risk Venture - 57.67 41,019 40,428 -
Efes Varlık Yönetim A.Ş. Asset Management - 100.00 38,627 4,150
-
TOTAL 20,158,875 3,135,335
Disclaimer Statement
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The information in this document has been obtained by Türkiye İş Bankası A.Ş. (“İşbank”) from sources believed to be reliable, however, bank cannot guarantee the accuracy, completeness , or correctness of such information. This document has been issued for information purposes only. The financial reports and statements announced by İşbank to the public and the relevant corporations are accepted to be the sole material. İşbank does not accept any liability whatsoever for any direct or consequential loss arising from any use of this document or its contents due to the misleading information in this document. All estimations contained in this document are the opinions of İşbank and can be subject to change without notice. This document can not be interpreted as an advice to the investors and İşbank can not be held responsible for the results of investment decisions made on account of this document. This document has been issued specially to the person, whom the document is concerned and may not be reproduced, distributed or shared with third parties for any purpose.
Investor Relations Contact Details
32
Süleyman H. Özcan
Head of Investor Relations Division Phone: +90 212 316 16 02 E-mail: [email protected]
Alper Turgal
Unit Manager Phone: + 90 212 316 16 10 E-mail: [email protected]
Özge Han Mercimekçi
Assistant Manager Phone: + 90 212 316 16 23 E-mail: [email protected]
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İşbank Investor Relations
Türkiye İş Bankası Head Office İş Kuleleri Kule 1 34330 Levent/Istanbul - Turkey E-mail: [email protected]
