Türkiye Finans’ total assets grew by 15% YoY to TL 38.6 billion by the end of 2015. The participation banking’s asset volume grew by 18%, in line with the rate notched up in the sector. The share of funds supplied* - including receivables from leasing transactions which has a far-reaching impact on asset growth - in total assets grew when compared to last year. This ratio, which stood at 65% in the sector and 67% in the Participation Banking Sector, stood at 74% for Türkiye Finans.

Türkiye Finans’ funds supplied, including receivables from leasing transactions, grew by 18% YoY to TL 28.6 billion as of the end of 2015. The Bank had a 35% share in funds supplied by the Participation Banking sector and a 1.9% share in the wider banking sector.

Türkiye Finans’ funds collected** increased by 16% YoY to TL 22.2 billion by the end of 2015, marking a 29% share in the Participation Banking sector and a 1.7% share in the Banking sector. Türkiye Finans’ non-cash funds supplied grew by 17% YoY to TL 12.5 billion by the end of 2015, accounting for 35% of the Participation Banking sector’s non-cash funds supplied.

The sector’s capital adequacy ratio decreased from 16.28% at the end of 2014 to 15.57% by the end of 2015. Despite a decline in the sector, Türkiye Finans’ capital adequacy ratio increased to from 12.47% at the end of 2014 to 13.51% by the end of 2015 with the contribution of USD 250 million in subordinated loans.

Türkiye Finans carried out the Club Deal murabaha borrowing transaction from abroad amounting to USD 150 million and EUR 25 million with a maturity of 2 years, standing as testament to the confidence international financial markets have in our economy and in Türkiye Finans.

Türkiye Finans was the first participation bank to apply lease certificate in financing the real sector, and the Bank continues to enhance this position with new issuances. Within this framework, TL 243 million in sukuk issuances were carried out for two corporate customers in 2015. Türkiye Finans aims to introduce the lease certificate, a new and reliable funding method, to corporate customers by supporting them in issuances. We also aim to continue contributing to our country’s economy by creating an important market in this area. Türkiye Finans is highly confident in its ability to create another product through which the Bank will diversify its support offered to the real sector widely with a strong capital structure.

Türkiye Finans opened its first international branch in Bahrain in 2015. With opening of 5 new domestic branches, Türkiye Finans’ number of branches increased to 286. The Bank closed the year recording net income of TL 261 million by increasing customer access through different channels with 4,132 personnel, an online branch, a mobile branch and 573 ATMs.

* The text includes non-performing loans and rediscounts for loan interest and income accrual as well as receivables from leasing transactions, unless otherwise stated.
** The text includes bank deposits and rediscounts for deposit interests, unless otherwise stated.