INTRODUCTION
ACTIVITIES
CORPORATE GOVERNANCE
FINANCIAL INFORMATION AND RISK MANAGEMENT
287
İŞBANK
ANNUAL REPORT 2012
Financial Highlights and Key Ratios for the Five-Year Period
CONSOLIDATED
ASSETS (TL thousand)
2008/12
2009/12
2010/12
2011/12
2012/12
Cash and Equivalents
605,020
893,430
1,262,764
1,260,374
1,779,460
Banks and Receivables from Interbank Money Markets
(1)
19,320,482
18,348,043
13,719,134
17,545,722
18,965,235
Securities (Net)
29,479,683
45,078,276
51,814,331
48,720,930
44,782,722
Loans
(2)
51,689,972
52,760,440
69,409,124
99,432,775
115,733,719
Associates and Subsidiaries (Net)
2,265,925
2,996,044
3,541,421
3,979,038
4,398,434
Receivables from Finance Lease (Net)
1,095,478
931,016
963,265
1,376,390
1,384,455
Fixed Assets (Net)
2,940,690
2,925,103
3,352,137
3,384,754
3,511,410
Other Assets
3,810,781
4,984,124
6,748,560
8,235,847
10,519,304
Total Assets
111,208,031
128,916,476
150,810,736
183,935,830
201,074,739
LIABILITIES (TL thousand)
2008/12
2009/12
2010/12
2011/12
2012/12
Deposits
62,988,002
72,054,972
88,476,619
98,831,996
106,010,860
Funds Borrowed and Interbank Money Market Placements
(3)
24,784,827
28,346,924
27,526,352
45,121,027
44,483,302
Provisions
6,267,455
7,112,309
7,560,506
8,713,868
10,260,057
Other Liabilities
5,176,496
6,096,346
8,260,604
10,958,370
15,461,765
Shareholders’ Equity
11,991,251
15,305,925
18,986,655
20,310,569
24,858,755
Total Liabilities
111,208,031
128,916,476
150,810,736
183,935,830
201,074,739
INCOME STATEMENT
(4)
(TL thousand)
2008/12
2009/12
2010/12
2011/12
2012/12
Interest Income
11,769,369
11,370,516
10,850,750
12,081,352
14,676,856
Interest Expenses
7,175,786
5,630,372
5,440,180
6,664,356
7,834,591
Net Interest Income
4,593,583
5,740,144
5,410,570
5,416,996
6,842,265
Net Trading Income
546,400
557,041
292,912
446,913
871,070
Net Fees and Commissions Income
1,165,780
976,898
997,891
1,102,726
1,258,319
Dividend Income
128,351
166,338
45,785
171,477
205,032
Other Operating Income
2,707,831
3,503,912
4,031,367
4,070,527
4,571,878
Total Operating Income
9,141,945
10,944,333
10,778,525
11,208,639
13,748,564
Operating Expenses
5,217,181
5,213,259
5,671,987
6,615,795
7,783,373
NET OPERATING PROFIT/LOSS
3,924,764
5,731,074
5,106,538
4,592,844
5,965,191
Provision for Losses on Loans and Other Receivables
1,709,042
2,363,565
1,185,911
1,494,935
1,291,545
PROFIT/(LOSS) BEFORE TAXES
2,215,722
3,367,509
3,920,627
3,097,909
4,673,646
Provision for Taxes
396,692
615,205
688,933
708,541
958,912
NET PERIOD PROFIT /(LOSS)
1,819,030
2,752,304
3,231,694
2,389,368
3,714,734
KEY RATIOS (%)
2008/12
2009/12
2010/12
2011/12
2012/12
Interest Earning Assets
(5)
/ Total Assets
91.3
90.6
89.7
90.5
89.7
Interest Earning Assets
(5)
/ Interest Bearing Liabilities
115.6
116.4
116.7
115.7
119.8
Securities / Total Assets
26.5
35.0
34.4
26.5
22.3
Loans / Total Assets
46.5
40.9
46.0
54.1
57.6
Loans / Deposits
82.1
73.2
78.1
100.2
108.2
Retail Loans / Total Loans
28.5
28.8
28.7
25.9
26.8
NPL Ratio
4.2
5.1
3.4
2.1
1.8
Coverage Ratio
100.0
100.0
100.0
100.0
76.8
Demand Deposits / Total Deposits
14.2
15.9
16.6
19.3
20.1
Shareholders’ Equity / Total Liabilities
10.8
11.9
12.6
11.0
12.4
Capital Adequacy Standard Ratio
16.2
18.1
17.6
14.1
16.3
Return on Average Assets
(6)
1.8
2.3
2.3
1.4
1.9
Return on Average Equity
(6)
15.6
20.3
19.3
12.1
16.7
Cost / Income
(7)
43.3
35.3
42.0
48.4
47.1
OTHER INFORMATION (TL thousand)
2008/12
2009/12
2010/12
2011/12
2012/12
Regulatory Capital
12,828,095
15,632,586
19,350,844
21,187,094
27,325,571
Core Capital
12,994,127
15,127,364
17,982,133
19,841,319
22,715,413
Free Capital
(8)
7,078,505
9,750,739
12,160,810
13,021,182
16,535,929
Demand Deposits
8,940,172
11,432,282
14,688,893
19,054,431
21,346,638
(1)
Includes Deposits at the Central Bank and Reserve Requirements
(2)
Excludes Receivables under Follow-up
(3)
Includes TRY, FC bond issuances and subordinated debts
(4)
Fees and Commissions Received from Cash Loans are shown under Interest Income; Fees and Commissions Paid to Cash Loans are shown under Interest Expense.
(5)
Interest Earning Assets include TRY and FC reserves at Central Bank, which are currently paid 0% interest.
(6)
Averages are calculated over quarter figures.
(7)
Operating Income/ Expenses are adjusted for the Insurance Technical Income/Expense
(8)
Free Equity = Shareholders’ Equity - (Fixed Assets+Non-Financial Associates and Subsidiaries+Receivables Under Follow-Up-Specific Provisions)
1...,279,280,281,282,283,284,285,286,287,288 290,291,292,293,294,295,296,297,298,299,...300