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Consolidated financial highlights 

Snapshot of Results

Profitability (%) 1H19 9M19 2019 1H20 9M20
ROE 11,4 11,2 10,9 10,4 10,5
ROE, Quarterly 10,4 10,8 10,0 11,4 10,5
ROA 1,4 1,4 1,4 1,4 1,4
ROA, Quarterly 1,3 1,4 1,4 1,5 1,3
Swap Adj. NIM 3,86 3,95 4,14 4,63 4,28
Swap Adj. NIM, Quarterly 3,91 4,13 4,71 4,42 3,67
CIR (1) 33,8 34,0 32,9 31,6 32,3
CIR, Quarterly 34,2 34,3 29,7 29,6 33,7
(%)          
Total LDR (2) 95 90 91 98 93
TL (3) 139 138 137 138 143
FX 59 51 51 54 50
Leverage (x) 7,6 7,4 7,1 7,7 8,2
Asset Quality (%)          
NPL Ratio 4,5 6,0 6,6 6,2 5,8
Stage 3 Coverage 59,2 58,1 56,2 61,5 62,9
Stage 2/ Total Gross Loans 14,2 13,5 13,3 11,9 11,6
Stage 2 Coverage 11,5 11,9 11,1 15,1 16,8
Solvency (4) (%)          
CAR 17,7 19,5 19,7 20,4 19,1
CET-1 15,0 16,7 16,9 17,4 16,1
Tier-1 15,0 16,7 16,9 17,4 16,1

(1) CIR calculation excludes FX gain from long FX position related with stage 1&2 provisions and LYY hedge as well as insurance penalty of TL 71 mn & BRSA penalty of TL 117 mn

(2) Bank-only
(3) TL LDR includes domestic TL bond issuances and merchant payables
(4) 2020 figures are w/o forbearances that will end by YE2020 (Fixing MtM losses of securities & FX rate for RWA calculation to YE2019)

Balance Sheet Highlights

  2019 1H20 9M20 QoQ (%) YtD (%)
Consolidated (TL mn)          
Cash and due from Banks 47.901 57.107 70.314 23 47
Securities 83.635 100.108 100.483 - 20
TL 48.213 66.532 62.566 (6) 30
FX (USD) 5.983 4.907 4.891 - (18)
Loans (net) 214.471 238.540 258.717 8 21
TL 133.307 153.489 161.085 5 21
FX (USD) 13.710 12.429 12.594 1 (8)
Other 41.165 47.929 56.473 18 37
Total Assets 387.172 443.684 485.986 10 26
Deposits 244.712 259.245 294.332 14 20
TL 95.854 104.488 106.601 2 11
FX (USD) 25.145 22.615 24.217 7 (4)
Funds Borrowed and Bonds Issued 53.755 62.734 73.522 17 37
Repo 10.107 34.326 24.968 (27) 147
Other 24.236 29.861 34.189 14 41
Equity 54.362 57.518 58.975 3 8
Total Liabilities and S/H Equity 387.172 443.684 485.986 10 26

Income Statement Highlights

Consolidated (TL mn) 2Q20 3Q20 QoQ(%) 9M19 9M20 YoY(%)
Net Interest Income incl. swap cost 4.403 3.924 (11) 10.090 12.830 27
NII 4.993 4.900 (2) 12.041 15.134 26
Swap Cost (590) (976) 65 (1.951) (2.304) 18
Fees and Commissions (Net) 998 1.213 22 3.631 3.475 (4)
Trading Gain (Loss) 893 2.057 130 1.064 3.201 201
FX Gain (Loss) from Long Position (1) 130 1.484 1.041 (59) 1.798 -
Securities 314 (1) - 175 291 66
Other 449 575 28 947 1.112 17
Other Income 67 40 (40) 157 183 17
Operating Expense (1.843) (2.042) 11 (5.092) (5.940) 17
Pre- Provision Income 4.518 5.192 15 9.849 13.749 40
Provision for Loan Losses, net of collections (1.837) (1.864) 1 (3.565) (4.800) 35
Stage 1+2 (net) (1.195) (1.021) (15) (690) (2.307) 234
Stage 3 (680) (628) (8) (3.368) (2.450) (27)
Stage 3 Recoveries 169 256 52 435 742 71
Currency Impact (fully hedged) (130) (470) 262 59 (785) -
Other Provisions (594) (1.283) 116 (1.074) (3.044) 183
LYY MtM Loss (412) (1.057) 156 (690) (2.341) 239
Free Provisions - (250) - (100) (500) 400
Other (181) 25 - (284) (203) (29)
Income Before Tax 2.087 2.046 (2) 5.210 5.907 13
Tax (504) (523) 4 (1.182) (1.498) 27
Net Income 1.583 1.524 (4) 4.028 4.409 9

(1) Including TL 1,013 mn FX gain from LYY hedging for 3Q20 and 9M20

 
 
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