Recent Developments in Turkish Banking Sector

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1 Recent Developments in Turkish Banking Sector İstanbul January, 2013

2 General View In the second half of 2012, a new bank joined to the sector, BRSA will likely give new banking licences, Total assets reached TL 1.3 trillion (USD 743 billion) as of November Number of branches and employees increases, The alternative channels (ATM, E-banking, mobile banking etc) are growing rapidly, NPL s increases, but their share in tota loans is 3 percent. Implementation of Basel II started, its effect on CAR is very limited. Reporting period of Basel III leverage ratio will start on January 2014 and maintenance period will start on April 2014 Basel III is expected to have a limited effect on Turkish banks. BAT applied to Ministry of Finance for an information exchange aggrement between Turkish and USA governments within FATCA. 1

3 Continuous growth in banking sector (million TL, percent) Source: BRSA 2

4 Assets Million TL November 12 TL FX Total Annual change (prc) Liquid assets 33, , , Securities 228,189 43, ,218-5 Loans and Non Performing Loans (NPLs) (Net) 536, , , Loans 530, , , NPLs (Net) 5, , a) NPLs 21, , b) NPL provision (-) 16, , Other assets 25,569 4,732 30,301-4 Total assets 876, ,426 1,266,847 9 Source: BRSA. 3

5 Liabilities Million TL November 12 Annual change (prc) TL FX Total Deposit 477, , ,321 8 Non deposit funds 101, , , Funds borrowed 26, , , Funds provided by repo agreements 45,427 32,159 77, Securities issued 20,962 16,206 37, Shareholder's equity 166,722 2, , Current year income (loss) 20, , Other liabilities 65,499 21,646 87, Total liabilities 818, ,173 1,266,847 9 Source: BRSA. 4

6 Ownership Structure*,** (In terms of paid-in capital, as of Sept 2012, perc.) Trading in ISE Other Resident Non-Resident*** Total Deposit Banks State-owned Private SDIF Foreign Development and Investment Banks * Ownership structure is not taken into account in the shares trading in ISE. **The weighted paid-in capital shares are used for the calculation of capital structure. ***The distribution of shares traded in ISE is not included. Source: BAT 5

7 Ownership Structure*,** (In terms of paid-in capital, as of Sept 2012, perc.) Trading in ISE Other Periods Resident Non-Resident*** Sept * Ownership structure is not taken into account in the shares trading in ISE. **The weighted paid-in capital shares are used for the calculation of capital structure. ***The distribution of shares traded in ISE is not included. Source: BAT 6

8 Number of Branches and Employees (thousand) Source: BRSA, participation banks included. 7

9 Loans / deposit ratio (percent) Source: BRSA. 8

10 Lending vs. deposit growth (percent) Source: BRSA. 9

11 Commercial loan and TL deposit rate (percent) Source: BRSA, TURKSTAT. 10

12 Loan distribution (Nov 2012) Million TL Loans NPL Total Share (percent) Total 788,139 23, , Consumer 265,207 8, , Credit Cards 75,101 4,248 79, Housing 84, , Automobile 7, , Others 98,219 3, , Corporate 522,932 15, , SME 194,740 7, , Source: BRSA. BRSA, participation banks included. 11

13 Continuous increase in credit & debit cards Nov 11 Nov 12 Annual change (prc) Total credit cards (thousand) 50,782 54,083 7 Total debit cards (thousand) 80,495 91, POS (thousand) 1,968 2,137 9 ATM 32,083 35, Transaction volume of credit cards (billion TL)* Transaction volume of debit cards (billion TL)* *Annualized. Source: BRSA, participation banks included. 12

14 Stronger shareholders equity; enabled the banking sector to change its risk structure... Source: BRSA Turkish economy and banking sector 13

15 Income statement (annualized) Million TL 2012/XI 2011/XI Annual change Annual change (prc) Interest income 104,623 82,517 22, Interest expenditure 55,799 45,532 10, Net interest income (expenditure) 48,824 36,985 11, Non interest income 22,685 21, Fees and commission income (net) Banking services income 14,114 12,705 1, Other non interest income 7,382 9,242-1, Operational expenses 36,303 31,149 5, Other non interest income 12,992 11,250 1, Provisions 7,055 5,163 1, Non interest income (net) -13,617-9,152-4, Tax provision 6,328 5,056 1, Current year net profit (loss) 22,418 19,021 3, Source: BRSA 14

16 Annualized profit and ROE Source: BRSA 15

17 Turkey and G-20 countries Latest Turkey June Russia March Argentina July Brasil June Indonesia June SaudiArabia December Mexico March Japan September Germany June United Kingdom December Canada March USA June South Africa May Korea March India June Italy December France December China June Australia June 1 Basel I 2 Basel I and Basel II being applied simultaneously Source:. IMF, Financial Soundness Indicators, October 2012 CAR (percent) 16

18 Turkey and G-20 countries ROE (percent) Latest Turkey June Russia December Argentina July Brasil June Indonesia June Saudi Arabia July Mexico March Japan September Germany December United Kingdom December Canada December USA June South Africa May Korea December India June Italy December France December China December Australia December Source: IMF, Financial Soundness Indicators, October

19 Financial Sector to Gdp Ratios Comparison with World and Emerging Countries (percent) World EM TR World EM TR World EM TR World EM TR Banks Assets Capital Markets Equities Bonds and Bills Public Private Total Source: IMF, Global Financial Stability Report, October

20 Expectations for the near future Larger and deeper financial markets Lengthening the maturities of deposits and borrowing (issuing of bonds and measures to encourage lengthening the maturity of deposits) Higher lending to private sector (lower psbr) Intense competition in retail business Positive climate for foreign investors 19

21 Thank You 20

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