View
1
Download
0
Category
Preview:
Citation preview
2Q17Investor Presentation
Albaraka Türk Participation Bank04 August 2017
Agenda
1 Introduction
2 Financial Highlights
Appendix
4
3Market Comparison
Turkey Macroeconomic Developments
Turkey still serves many advantages for investors
4
Source: IMF, UN, TURKSTAT, Albaraka Turk Research&Strategy
1,18
1,66
1,1
1,3
1,5
1,7
19
80
19
83
19
86
19
89
19
92
19
95
19
98
20
01
20
04
20
07
20
10
20
13
20
16
Turkey's share within the world GDP (PPP, %)
20%
70%
120%
20
01
20
03
20
05
20
07
20
09
20
11
20
13
20
15
20
17F
20
19F
20
21F
General Government Debt Stock/GDP
Advanced economiesEmerging and developing economiesTurkey
27 32 37 42 47
TurkeyBrazilChina
USARussia
PolandUK
EuropeNetherlands
GreeceSwitzerland
GermanyJapan
Median Age
Following failed coup attempt on July 2016, Turkish economy has been
gaining momentum thanks to strong expansionary fiscal measures and
macroprudential easing incentives as well as strong fundamentals.
GDP growth rate estimates has been continuously revising upwards.
Despite heavy global and geopolitical issues, Turkey’s strong
macrofundemantals still serves great advantages for its investors
compared to its peer countries thanks to young population, well-
capitalized banking sector and existing cheap valuations.
The Government has focused to ease downside pressures on domestic
demand while trying to pick contribution of net external demand to
GDP growth rate up via implementing crucial structural reforms.
As a result, Turkey’s total debt to GDP ratio is likely to increase
moderately due to widening in budget deficit, although it still remains
significantly below than the peers. Moreover, as a ratio of both short-
term private sector’s external debt stock and public debt stock has
continuously fallen during 2015, contrary to advanced and emerging
countries’ averages.
Robust Growth and Attractive Valuations
5
Source: TURKSTAT, WTO, BIS, Albaraka Turk Research&Strategy
Turkish economy continues to record one of the strongest growth among
G20 countries, with 5.0% (YoY) growth in 1Q2017 thanks to strong domestic
demand, acceleration in public spending and double-digit increase in
exports. Moreover, early indicators for the rest of the year are pointing
further acceleration in the economy and to converge 5% throughout 2017.
As a result of the Transition Program to Sustainable Growth, which
implemented starting from the end of 2010, Turkey’s exports share within
the world reached its record level in 2017.
Under current circumstances, main challenge for Turkish economy is pulling
inflation to low-single digit levels again. However year-on-year inflation is
likely to fall from 11.9% in April to hover 9.5% in July, market expects a
volatile path around 10% during the rest of the year, due to high food prices
and still undervalued TL.
Looking ahead, considering sustainable current account deficit path,
significantly undervalued TL and recently emerging market friendly
environment, TL denominated assets are expected to diverge positively
from its peers.
2,5%
3,8% 4,0%
5,7%
4,5%5,3%
-1,3%
3,5%
5,0%
Q1 Q2 Q3 Q4
YoY GDP Growth Rates
2015 2016 2017
-17,0%-16,0%
-13,7%-13,3%
-10,3%-8,0%
-6,0%1,1%1,3%
4,9%6,7%8,0%9,0%
14,1%16,1%
-32% -21% -10% 1% 12% 23%
MexicoJapan
TurkeyUK
MalaysiaEuro area
South AfricaRussiaBrazil
IndonesiaUS
SwitzerlandIndiaUAE
ChinaREER (Deviation from 15 Year Av. as of June ‘17)
Undervalued
Overvalued
0,78%
0,82%
0,96%
0,75%
0,88%
1,00%
2007
2008
2009
2010
2011
2012
2013
2014
2015
2016
2017
Turkey's Exports Share Within The World
Turkey Macroeconomic Developments
9,22%8,78%
7,46%6,57% 6,58%
7,64%
8,79%8,05%
7,28% 7,16% 7,00%
8,53%9,58%
10,53%11,29%
11,87%
11,72%10,90%
9,79%
Jan. Feb. Mar. Apr. May June July Aug. Sept. Oct. Nov. Dec.
Inflation
2016 2017
6
GDP Growth
GDP growth was 5.0% y-o-y in 1Q2017 and this is mainly due to a pick up in domestic
demand. Increases in export growth and construction investment also impacted
economic growth positively. Moving forward, MTP target for 2017 year-end GDP growth
is 4.4% y-o-y due to the strong expectation for the receding of uncertainty, resiliency in
public consumption and further strengthening in economic activity driven by a recovery
in tourism.
2,5%
3,8% 4,0%
5,7%
4,5%5,3%
-1,3%
3,5%
5,0%
Q1 Q2 Q3 Q4
GDP Growth
2015 2016 2017
Inflation
Annual inflation decreased from 11.87% to 9,79% after April to to July. The lagged
effects of the cumulative Turkish lira depreciation continued to weigh upon core goods
whereas annual core goods inflation declined. Inflation is expected to stay in the high
single digits with the Central Bank expecting a year-end inflation of 8.5%.
Source: CBRT, Turkstat
Turkish Lira
The Turkish lira appreciated 3.1% versus the USD in the second quarter and 3,0 %
depreciated against the EURO; Lira appreciation continued after first quarter mainly
due to further tightining monetary stance of the central bank, domestic political
developments after referandum in April and also USD depreciation. The euro, on the
other hand, found support for the declining uncertainties about the future of the EU.
USD/TRY has been lingering near 3.50 level and EURO/TRY is also at 4.00 level on June.
After second quarter LİRA depreciated by ~4% against Euro. 2,4
2,9
3,4
3,9
4,4
Jan-16 May-16 Sep-16 Jan-17 May-17
FX Rates
USD/TRY
EUR/TRY
Turkey Macroeconomic Developments
7
Central Bank Monetary Policy
The Central Bank maintains its tight monetary policy stance and continues to keep its
main policy rate window, the weekly repo shut. The O/N lending window and the
O/N borrowing have remained as is since 1Q2017. The Late liquidity window rate was
increased from 11.75% to 12.25% (+50bps) in April. The rate hike decision of the CB is
linked to the deteriorating Lira movement in addition to the worsening core inflation
outlook.
Rates (%) Q1’16 Q4’16 Q1’17 Q2’17
Overnight borrowing rate 7.25 7.25 7.25 7.25
One-week repo (policy) rate 7.5 8.00 8.00 8.00
Overnight lending rate 10.75 8.50 9.25 9.25
Late liquidity window rate 12.25 10.00 11.25 12.25
Foreign Trade and Current Account Balance
In June, exports increased by 2,3% and imports decreased by 1,5% compared to the
same month of the previous year, which resulted in the foreign trade deficit expanding
by 10.0% y-o-y to USD 30.9 bio in 1H17. Energy imports have been the main factor
behind the higher foreign trade deficit.
Current account deficit posted a rapid increase by 68.4% in May compared to the same
month of the previous year and was realized as 5.2 billion USD. This development was
led by the rise in non-monetary gold import. On the other hand, tourism revenues
limited the deterioration in the current accoun deficit in May as it was the case in April,
thanks to low base effect. According to 12-month cumulative figures, current account
deficit rose by 2.1 billion USD mom to 35.3 billion USD in May. Excluding net gold trade,
12-month cumulative deficit increased only by 71 million USD compared to April.
-12,1
-15,9
-14,0 -13,9-12,5
-18,4
-7,8-11,2
-5,4
-8,1
-7,9
-3,6
Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Foreign Trade Balance Current Account Balance
Balances (billion USD)
Budget Balance
In June, budget expenditures increased by 11% compared to the same month of the
previous year. On the other hand, budget revenues decreased by 0.3% yoy due to the
base effect stemming from the high level of privatization revenues in June last year.
Thus, central government budget deficit which was 7.9 billion TRY in June 2016 became
13.7 billion TRY in the same month of this year.
In the first half of the year, budget expenditures expanded by 18.5% compared to the
last year. In this period, the increase in budget revenues was recorded as 8.8%. Hence,
the budget, which posted 1.1 billion TRY surplus in the first six months of the year, gave
a deficit of 25.2 billion TRY in the same period of 2017
Budget Balance (billion TRY)
Source: CBRT, Turkstat, Ministry of Finance
0,01,1
-12,0
-29,3
-14,9
-25,2
Q1'16 Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
May
Turkey Banking Sector
vs Participation Banking Sector
Banking Sector vs Participation Banking Sector
In 1H 2017 the net profit of the banking sector rose 33%
compared to 1H 2016.
Year to Date, loan growth rate reached 10,4% while NPL
amount increased by 5,6%.
Loan growth is stronger than in previous years owing to
expansionary fiscal policies in place and macroprudential
policies supportive of the financial system (ex: Credit
Guarantee Fund). Commercial loan growth continued to grow
at a higher rate than consumer loans.
Net Profit increased by 33,2%
Banking Sector highlights
The sector continued to grow in asset and profitability
terms during 1H 2017. Participation banking rose 7,7%
Ytd. asset growth
Capital Adequacy figures continued to increase, from
16.17% to 17,41%
Remarkable net profit increase, 199 % yoy
Number of total branches increased to 990 at the end of
2017 1H
Participation Banking highlights
Key Financial Indicators(mn TRL)
1H’16 Q4’16 1H’17 Y-Y (%) Ytd. (%)
Total Assets 2.477.259 2.730.942 2.972.021 20,0% 8,8%
Loans 1.627.258 1.804.711 1.991.925 22,4% 10,4%
Deposits 1.394.060 1.547.551 1.673.448 20,0% 8,1%
Shareholder’s
Equity284.653 300.172 330.940 16,3% 10,3%
Total revenues 119.563 - 142.155 18,9% -
Net profits 19.033 - 25.355 33,2% #-
Key Financial Indicators(mn TRL)
1H’16 Q4’16 1H’17 Y-Y (%) Ytd. (%)
Total Assets 125.930 132.874 143.085 13,6% 7,7%
Loans* 86.003 88.483 95.232 10,7% 7,6%
Deposits 76.353 84.785 94.338 23,6% 11,3%
Shareholder’s
Equity11.684 11.494 12.307 5,3% 7,1%
Total revenues 6.039 - 6.094 0,9%
Net profits 257 - 769 199,2%
*Financial leasing receivables included.
9
Agenda
1 Introduction
2 Financial Highlights
Appendix
4
3Market Comparison
Albaraka Türk 1H – Key Financial Highlights
6Albaraka Turk – 1H Main Highlights (Balance Sheet)
TRL million1H’16 Q4’16 1H’17 Y-Y (%) Ytd. (%)
Total Assets 29.364 32.851 34.217 16,53% 4,16%
Total Funded Credits20.059 22.722 22.876 14,04% 0,68%
Deposits 19.767 23.151 23.771 20,26% 2,68%
Shareholder’s Equity 2.172 2.279 2.377 9,44% 4,30%
29.364 28.633
32.851 33.02134.217
20.059 20.33122.722 22.892 22.87619.766
20.10923.151 23.668
23.771
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Total Assets Total Funded Credits Total Collected Funds
Funded Credits;
67%
Securities Portfolio;
10%
Liquid Assets*;
21%
Other Assets; 2%
Asset Segmentation (Q2’17)
12
*Liquid Assets includes Cash and Balances with the Central Bank, Financial Assets at
Fair Value Through Profit and Loss(net) and Banks
6Albaraka Turk – Q2 Main Highlights (Income Statement)
TRL million Q2’16 Q1’17 Q2’17 Y-Y (%) Q-Q (%)
Profit Share Income 530 633 65523,5 3,5
Net Profit Share Income 237 318 32135,4 0,9
Total Operating Profits 315 378 41732,4 10,3
Net Operating Profits 76 46 116 52,6 152,2
Tax Provision 10 10 20 100 95,9
Provisions 71 138 96 116,7 -30,4
Net Profit 65 36 96 45,9 166,8
237
318 321
Q2'16 Q1'17 Q2'17
Net Profit Share Income
65
36
96
Q2'16 Q1'16 Q2'17
Net Profit
4,12
4,184,14
4,17
4,32
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Net Profit Share Margin*
35,4%
* Trailing for last four quarters
13
8.0857.1627.2235.7486.3776.270
23,63%21,69%21,99%
20,08%21,72%21,76%
Q2'17Q1'17Q4'16Q3'16Q2'16Q1'16
Q2'17Q1'17Q4'16Q3'16Q2'16Q1'16
Liquid Assets % of Total Assets
7Albaraka Turk - Asset Composition
Funded Credits; 67%
Securities Portfolio;
10%
Liquid Assets*; 21%
Other Assets; 2%
Composition of Total Assets (TRL mn) Liquid Assets (TRL mn)
14
*Liquid Assets includes Cash and Balances with the Central Bank and Banks
1.182 1.251 1.383 1.4281.649
763 580669 612
625
556
977
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Available for sale Held to Maturity Other
1.8311.945
Total Securities Portfolio (TRL mn) Securities Yield (%)
9,25
8,84
8,398,40
8,05
Q2'17Q1'17Q4'16Q3'16Q2'16
(*) Profit share income received from securities for the last 4Q/4Q average securities
2.052
2.597
3.251
1H'16 Net ProfitShare Inc.
Fees &Comm
TradingIncome
Others 1H'17
681
6Albaraka Turk - Operating Performance Breakdown
Income (million TRL)
530 633 655
-294 -314 -334
Profit Share Expense Profit Share Income
Net Profit Share Income (million TRL)
Key Movements in Net Operating Income
(million TRL)
Yield Movement (%)
9,90% 9,95%9,82% 9,73% 9,90%
4,12% 4,18% 4,14% 4,17%4,32%
5,42%5,52% 5,36% 5,20% 5,24%
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Credit Yield
Net Profit Share margin
Cost of Funding
84,98%89,33%
85,23%
15,02%10,67%
14,77%
Q2'16 Q1'17 Q2'17
Fees, commission and others Profit Share Income
769708624
Q2’16 Q1’16 Q2’17
236 319 321
15
795
-1-14
+4+126
Total Profit Share Income up 18%
Profit Share Expense increased 12%
Net Profit Share Income increased
24%
Net Trading Income declined 43%
Total Operating Profit increased 17%
Provisions increased 63% in 1H 2017
Net Profits increased 2% in 1H 2017
Highlights
9,9
9,73
9,82
9,959,90
Q2'17Q1'17Q4'16Q3'16Q2'16
*USD equivalent of total funded credits
Total Funded Credits (including financial leasing, million)
QoQ Growth: 0,0% in TRL terms YoY growth: 14,0% in TRL terms
20.059 20.331
22.722 22.892 22.876
7.088 6.795 6.474 6.306 6.514
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
TRL USD*
Credit Yields(1) (%)
(1) Profit share income received from credits for the last 4Q/4Q average credits
Albaraka Turk - Funded Credits Portfolio
Q2’16 Q3’16 Q4’16 Q1’17 Q2’17
Corporate Credits 41,7 41,9 41,9 41,6 40,8
SME Credits 43,2 43,5 43,9 43,6 44,6
Retail Credits 15,1 14,6 14,2 14,8 14,6
Total 100.0 100.0 100.0 100.0 100.0
TRL51,2%
USD*32,3%
EUR*16,5%
Composition of Total Funded Credits* (%) Currency Composition of Total Funded Credits* (Q’17)
*Including USD & EUR indexed credits*According to BRSA definition
16
52,349,4
52,3 51,954,6
40
45
50
55
60
65
70
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
4,53 4,755,61
6,02
Q3'16 Q4'16 Q1'17 Q2'17
707
941
1.106
13231424
369465
578687
778653
932
1.106
13231424
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
NPA Spesific Provisions Collateral
Non-performing Loans (TRL million)
92
122
147
172189
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Cost of Risk** (bps)
NPL Ratio*
** Spesific provisions for credits for last 4Q/ 4Q average credits
*Including financial leasing & accruals and rediscounts
Provisioning Ratio (%)
Albaraka Turk - Asset Quality
17
24% 21% 22% 20% 22%
16% 16% 18% 19% 19%
61% 63% 60% 61% 59%
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Fund Borrowed* Current Accounts Participation accounts
Composition of Total Liabilities (Q2’17, %) Composition of Funding Base (TRL million)
69
19
74
Funds Collected
Wholesale Funding
Shareholders' Equity
Others
25.394
17,7%
25.875 29.583 29.548
Albaraka Turk - Funding Profile
18
*Fund Borrowed includes Funds Borrowed , Borrowings from Money Market
and Subordinated Loans
30.448
5,24%5,21%5,26%
5,47%5,42%
8,00%7,90%8,10%
8,30%8,23%
1,76%1,69%1,61%
1,63%1,70%
0,95%
0,98%
1,08%
1,84%2,22%
Q2'17Q1'17Q4'16Q3'16Q2'16
Average TL FC Precious Metal
19.767 20.109
23.155 23.668 23.771
6.985 6.721 6.597 6.520 6.768
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
TRL USD*
Total Funds Collected (TRL million)
Cost of Funds Collected**
*USD equivalent of total collected funds
**Profit share expense to depositors for the last 4Q/4Q average participation accounts
52
30
143
TRL USD EUR Others
Currency Composition of Funds Collected (Q2’17, %)
Maturity Composition of Funds Collected (Q2’17, %)
24
2246
31 5 Current Acc.
Up to 1 month
Up to 3 months
Up to 6 months
Up to 1 year
>1year
20,3%
Albaraka Turk - Funding Profile (Collected Funds)
19
Off Balance Sheet Composition (%)
71 71 71 72 71
6 5 7 7 8
23 24 22 21 21
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
LG LC Others
LGs*-to-Total Assets
26,9% 27,1%
23,8%23,0%
20,8%
Q2'16 Q3'16 Q4'16 Q1'17 Q2'17
Off Balance Sheet (TRL million)
*Revocable credit limits not included.
Q2’16 Q3’16 Q4’16 Q1’17 Q2’17
Growth (%)
Y-Y YtD
Letter of Guarantee 7.899 7.746 7.810 7.593 7.129 -9,75 -8,72
Letter of Credit 611 583 753 714 803 31,42 -6,64
Others* 2.551 2.648 2.389 2.169 2.144 -15,95 -10,25
Total: 11.061 10.977 10.951 10.476 10.076 -8,91 -7,99
Albaraka Turk - Off balance sheet growth
20
*Below 20% of LGs to Total Risk is targeted
14
(000 TRL)
Year on Year Change Quarterly Change Notes
2016 1H 2017 1H % Q1’17 Q2’17 %
Net Profit
Share Income514.072 639.645 24,43 318.384 321.261 0,90
Profit share expense increased by 11,7% while PSI
raised by 17,7% YoY basis. Joint venture projects
returns reached to TL 125.590 in 1H’2017 (1H’
2016: TL 55.817)
Net Fee
Income70.295 73.917 5,15 37.798 36.119 -4,44 Higher Net Fee income in 2017 (YoY)
Net Trading
Income31.436 17.785 -43,42 -7.147 24.932 n.m. Higher Capital Market Transaction Income.
Other Income 65.011 63.807 -1,85 29.434 34.373 16,78 Reversal of prior year provisions inline with 2016
Provisioning 144.180 234.513 62,65 138.029 96.484 -30,1 Higher provisions in 2017
Other Costs 375.458 394.434 5,05 194.220 204.274 5,18 Slower rate of increase in 2017
Tax 32.626 30.850 -5,44 10.427 20.423 95,87 -
Net Profits 128.550 131.297 2,14 35.793 95.504 166,82 -
Income- Cost Dynamics
21
Agenda
1 Introduction
2 Financial Highlights
Appendix
4
3Market Comparison
Percent 2016 1H 2017 1H
Albaraka
Türk
Participation
Banks*
Banking
Sector*
Albaraka
Türk
Participation
Banks*
Banking
Sector*
Asset Size -0,7 4,7 5,1 4,2 7,7 8,7
Total Credits** 2,8 3,9 5,6 0,7 7,6 10,4
Deposits/Collected
Funds***-2,9 0,9 5,2 2,7 11,3 8,1
* According to BRSA data
** Including Leasing Receivables, Interest (Profit Share) and Income Accruals and Rediscounts from Loans, Loans Extended to Banks
*** Including Deposit (Participation Funds) Interest (Profit Share) Rediscounts and Deposit (Participation Funds) Collected from Banks
21,0%
12,6%
26,4%
15,1%
18,2%15,8%
24,4%
17,8%
39,7%
33,9%
28,3%
11,1%
2011 2012 2013 2014 2015 2016
Asset Size GrowthBanking Sector
Albaraka Türk
Albaraka Turk - Total Growth 2017 Q1
23
Percent 2016 1H 2017 1H
Albaraka
Türk/
Participation
Banks
Albaraka
Türk/ Banking
Sector
Participation
Banks/ Banking
Sector
Albaraka
Türk/
Participation
Banks
Albaraka
Türk/ Banking
Sector
Participation
Banks/ Banking
Sector
Asset Size 23,3 1,2 5,1 23,9 1,2 4,8
Total Credits* 23,5 1,2 5,3 24,0 1,1 4,8
Deposits/Collected Funds** 26,0 1,4 5,5 25,2 1,4 5,6
* Including Leasing Receivables, Interest (Profit Share) and Income Accruals and Rediscounts from Loans, Loans Extended to Banks
** Including Deposit (Participation Funds) Interest (Profit Share) Rediscounts and Deposit (Participation Funds) Collected from Banks
Albaraka Türk; 23,9%
Participation Banking;
4,8%
Banking Sector Participation Banking Sector
Albaraka Turk - Market Share 2017 1H
24
Percent 2016 1H 2017- 1H
Albaraka Türk Participation
BanksBanking Sector Albaraka Türk
Participation
Banks
Banking
Sector
CAR 12,21 15,37 15,87 16,93 17,41 16,87
NPL Ratio 3,46 6,77 3,30 6,02 3,92 3,08
Provisioning Ratio 52,25 64,71 76,17 54,63 65,07 77,97
Loan/Deposits 101,48 112,36 116,73 96,24 100,95 119,03
ROAA (IBT) 1,23 0,18 1,65 0,82 1,47 2,02
ROAE (NI) 13,93 2,25 11,92 9,63 13,90 14,30
Asset Yield 8,86 8,85 8,15 9,07 8,08 7,27
Asset Spread 4,51 4,57 3,25 4,67 4,13 3,07
Net Profit Share Margin 4,12 4,64 3,85 4,32 4,23 3,59
Net Fee Income / Avg. Assets 1,13 0,91 0,91 1,02 0,86 0,90
Op Costs / Avg. Assets 2,39 2,66 2,23 2,13 2,25 2,04
Cost/Income* 55,15 43,44 41,12 50,11 42,91 38,06
Credits / Branches (000‘TRL) 94.173 92,647 136,161 107.401 96,194 170,177
Staff / Branches 17,98 15,25 17,85 17,92 14,76 17,97
CA / Deposits 20,69 26,68 19,90 24,34 28,72 21,15*Cost: Operating Costs, Income: NII/NPSI, Net Fees and Commissions Income, Other Income
Financial Ratios - Sector Comparison
25
Agenda
1 Introduction
2 Financial Highlights
Appendix
4
3Market Comparison
(Thousand TRL) Dec’16 Jun‘17 Growth (%)
Cash and Banks 7.157.229 7.106.428 -0,71%
Financial Assets 1.448.786 2.627.861 81,38%
Funds Utilized 22.722.054 22.876.370 0,68%
Cash Credits 21.843.075 21.464.724 -1,73%
NPL 1.105.954 1.424.898 28,84%
Provisions 578.505 778.431 34,56%
Net Financial Leasing Receivables 878.979 765.179 -12,95%
Investments Held to Maturity (Net) 668.582 625.372 -6,46%
Associates 30.119 30.119 0,00%
Fixed Assets 517.131 563.857 9,04%
Assets Held For Sale and Investment 92.317 34.991 -62,10%
Other Assets (inc. Tax Assets) 214.520 351.583 63,89%
Total Assets 32.850.738 34.216.581 4,16%
Funds Collected 23.151.164 23.770.802 2,68%
Funds Borrowed 4.424.195 5.060.171 14,37%
Debts (inc. Tax) 1.247.030 1.260.381 1.07%
Provisions 233.849 235.562 0,73%
Tier II Sukuk 1.510.937 1.511.792 0,06%
Shareholders’ Equity 2.279.593 2.376.890 4,27%
Capital 900.000 900.000
Capital Reserves (inc. Premium) 211.876 208.597
Profit Reserves 946.757 1.128.077
Profits 221.560 60.331
Prior Periods 3,951 3.951
Current Year 217,609 131.297
Total Liabilities 32.850.738 34.216.581 4,16%
Albaraka Turk- Summary Balance Sheet
27
(Thousand TRL) Jun’16 Jun’17 Growth
Profit Share Income 1.094.209 1.287.781 17,69%
Profit Share Expense 580.137 648.136 11,72%
Net Profit Share Income 514.072 639.645 24,43
Net Fees and Commissions Income 70.295 73.917 5,15%
Fees and Commissions Received 99.917 107.507 7,60%
Fees and Commissions Paid 29.622 33.590 13,40%
Net Trading Income 31.436 17.787 -43,42%
Other Operating Income 65.011 63.383 -2,50%
Total Operating Profit 680.814 795.614 16,86%
Provisions for Loan Losses 144.180 234.986 62,98%
Other Operating Expenses 375.458 398.481 6,13%
Net Operating Profit 161.176 162.147 0,60%
Tax Provision 32.626 30.850 5,44%
Net Profits 128.550 131.297 2,14%
Albaraka Turk – Summary Income Statement
28
THANK YOU
Disclaimer
THIS PRESENTATION AND THE INFORMATION CONTAINED HEREIN IS CONFIDENTIAL AND MAY NOT BE REPRODUCED, CIRCULATED, DISTRIBUTED OR PUBLISHED (IN WHOLE OR IN PART) OR
DISCLOSED BY RECIPIENTS TO ANY OTHER PARTY. BY VIEWING THIS PRESENTATION, YOU AGREE TO BE BOUND BY THE FOREGOING LIMITATIONS.
This presentation does not constitute or form part of any offer or invitation to sell or issue, or any solicitation of any offer to purchase any securities of Albaraka Türk Katılım Bankası A.Ş.,
nor shall any part of it form part of or be relied on in connection with any contract or investment decision relating thereto, nor does it constitute a recommendation regarding the securities
of the Bank. The information contained in this document is published for the assistance of recipients, but is not to be relied upon authoritative or taken in substitution for the exercise of
judgment by any recipient. The Bank does not accept any liability whatsoever for any direct or consequential loss arising from any use of this document or its content. Any purchase of
shares of the Bank should be made solely on the basis of sound financial analysis on the part of the investor, with no liabilities arising against the Bank.
The information used in preparing these materials was obtained from or through the Bank or the Bank’s representatives or from public sources. Although prepared in good faith and from
sources believed to be reliable, no reliance may be placed for any purposes whatsoever on the information contained in this presentation or on its accuracy, completeness or fairness. The
information in this presentation is subject to verification, completion and change.
The projections, forecasts and estimates of the Bank contained herein are for illustrative purposes only and are based on management’s current views and assumptions. Such projections,
forecasts and estimates involve known and unknown risks and uncertainties that may cause actual results, performance or events to differ materially from those anticipated in this
presentation. The Bank expressly disclaims any obligation or undertaking to update or revise any projections, forecasts or estimates contained in this presentation to reflect any change in
events, conditions, assumptions or circumstances on which any such statements are based unless so required by applicable law. Investors should note many different risk factors could
adversely affect the outcome and financial effects of the plans and projections described herein. As a result, you are cautioned not to place undue reliance on any forward-looking
statements. The Bank, its advisers and each of their respective members, directors, officers and employees disclaim any liability in case projections and plans given in this document are not
realised.
Investor Relations
Address : Saray Mahallesi Dr.Adnan Büyükdeniz Caddesi No:6 34768 Ümraniye/ İSTANBUL
E-mail : yim@albarakaturk.com.tr
Tel : +90 216 666 03 03
Fax : +90 216 666 16 20
Internet : www.albaraka.com.tr
Contact Us
Recommended