• Presentation
  • Türkiye Finans in Brief
  • Our Vision, Our Mission, Our Corporate Values
  • Corporate Strategy
  • Strategic Priorities and Basic Initiatives for 2013
  • Awards and Recognitions
  • Summary Financial Information
  • Amendments to the Articles of Association and the Justifications for Them
  • Capital and Shareholder Structure
  • Shares Held by the Members of the Board of Directors and Managers
  • Chairman's Message
  • CEO's Message
  • Customer Constitution
  • Macroeconomic Outlook and Sectoral Developments
  • An Assessment of the Bank's Position in the Sector in 2013
  • An Assessment of Türkiye Finans' Activities in 2013 and their Results
  • Türkiye Finans's Plans for 2014
  • Research & Development; New Services and Activities
  • Compliance Opinion on the Annual Report
• Management and Corporate Governance Practices
  • Board of Directors and Audit Committee
  • Executive Vice Presidents
  • Unit Managers within Internal Systems and Directors
  • Organization Chart
  • Governing Bodies and Committees at the Bank, Participation of Bank Directors and Committee Members in Meetings
  • Information About General Meetings Held in 2013
  • Annual General Assembly Meeting Agenda
  • Summary of the Board of Directors Report Presented to the General Assembly
  • Information about Human Resources Practices
  • Information about the Related Party Transactions, the Bank Enters
  • Information about Consolidated Affiliates
  • Other Information
  • Activities for Which Support Services are Outsourced and the Persons and Organizations from Which They are Obtained
• Financial Information and Assessment on Risk Management
  • Audit Committee's Assessment of Internal Audit, Internal Control, Risk Management and Regulatory Compliance Functions; Committee Activities During the Reporting Period
  • Declaration Concerning the 2013 Annual Report
  • Independent Auditors' Report
  • The Unconsolidated Financial Report of Türkiye Finans Katılım Bankası A.Ş. For the Year Ended 31 December 2013
  • Independent Auditors' Report
  • The Consolidated Financial Report of Türkiye Finans Katılım Bankası A.Ş. For the Year Ended 31 December 2013
  • Information About the Bank's Dividend Policy
  • Assessment of Financial Position, Profitability and Solvency; Asset Quality and Profitability
  • Information About Risk Management Policies by Type of Risk
  • Information About Credit Rating Agency Rating Assignments and the Nature of Such Ratings
  • Summary Financial Information Pertaining to the Five-Year Period Including the Reported Period
  • Appendix: Amendments to Articles of Association
  • Directory

An Assessment of the Bank's Position in the Sector in 2013

The most profitable
Maintaining its title as the "most profitable participation bank" for the last 3 years in a row, the Bank also demonstrated a better performance in terms of net profit margins than the average of participation banks.

Further strengthening its position in the sector in 2013
Despite the a slower rate of growth in the banking sector in 2013 due to the higher deposit interest rates and funding costs, Türkiye Finans grew at a stronger rate than the industry as a whole as well as other participation banks, expanding its total assets by 43%. In 2013, the banking industry’s total assets expanded by 26% to TL 1.732 trillion, while that of participation banks increased by 37% to TL 96 billion. Having grown at a higher rate than the sector, Türkiye Finans raised its market share from 1.3% to 1.5% in terms of total assets, while the market share of participation banks increased from 5.1% to 5.5%.

In 2013, the total amount of cash loans (including the financial industry) supplied by the industry and participation banks rose by 32% and 35%, respectively; for Türkiye Finans, the increase amounted to 40% with the amount of cash loans extended reaching TL 18.3 billion. In terms of cash loans supplied, Türkiye Finans increased its market share from 1.6% in 2012 and 1.7% in 2013. The share of supplied funds to the total assets was realized as 62% for the banking industry as a whole, 71% for participation banks and 73% for Türkiye Finans In 2013.

Maintaining its rapid growth, Türkiye Finans succeeded in lowering its non-performing loans ratio to 2.4%, demonstrating its stronger performance relative to the sector and other participation banks.

Having outperformed the sector and participation banks, Türkiye Finans raised its total volume of collected funds by 32% to TL 15.1 billion in 2013. This compares with 23% for the banking industry and 28% for participation banks. As a result, the Bank raised its market share in terms of collected funds from 1.5% in 2012 to 1.6% in 2013.

In 2013, there was an increase in the supplied funds/collected funds ratio in the banking industry as supplied funds grew more rapidly than collected funds. This ratio was 113% for the industry and 111% for participation banks. At Türkiye Finans, the supplied funds/collected funds ratio rose by 6 percentage points to 121% as funds supplied by the Bank grew at a faster rate than the sector average.

As a result of BRSA’s policies to limit profit distribution in the sector and encourage banks to keep their profits, the shareholders’ equity rose by 6.5% for the sector and by 20% for participation banks, while that of Türkiye Finans increased by 19% to TL 2.5 billion.

The banking industry’s net profit increased by 5.1% to TL 24.7 billion due to the impact of rising net interest revenues while the net profit of participation banks climbed by 17% to TL1.1 billion. Türkiye Finans succeeded in raising its net profit by 16% to TL 329 million, demonstrating a better performance than the sector. Maintaining its title as the “most profit-generating participation bank” for the last 3 years in a row, the Bank also demonstrated a better performance in terms of net profit margin than the average of participation banks. Underlying such success was our effective human resources, our innovative products aimed at meeting customer needs and the continuous improvement in our service quality.

Having opened a total of 136 new branches in 2013, participation banks continue to grow rapidly. With the opening of 30 new branches in 2013, Türkiye Finans raised the number of its branches by 14% from 220 to 250 and the number of its employees by 11%, again demonstrating more rapid growth than the sector.

The banking industry’s capital adequacy ratio stood at 15.4% with a 14% capital adequacy rate for participation banks. The capital adequacy ratio of Türkiye Finans, however, fell from 14.76% in 2012 to 12.81% in 2013, due to the rapid growth of funds supplied by the Bank.