Certain Assets / Liabilities (TL thousand) |
31 Dec. 2014 |
31 Dec. 2015 |
31 Dec. 2016 |
|---|---|---|---|
Total Loans (*) |
24,291,963 |
28,566,928 |
27,016,742 |
Total Assets |
33,494,790 |
38,576,299 |
38,807,717 |
Funds Collected |
19,112,760 |
22,177,414 |
21,064,781 |
Shareholders’ Equity |
3,153,847 |
3,356,757 |
3,663,014 |
Return on Average Assets (ROAA %) |
1.14 |
0.72 |
0.77 |
Return on Average Equity (ROAE %) |
11.78 |
8.02 |
8.44 |
Capital Adequacy Ratio (%) |
12.47 |
13.51 |
15.58 |
|
|
|
|
Net Profit (TL thousand) |
31 Dec. 2014 |
31 Dec. 2015 |
31 Dec. 2016 |
Net Period Profit |
334,228 |
261,076 |
296,243 |
(*) Loans Amount includes Net Non-Performing Funds and Financial Leasing.
Asset Quality and Profitability
At the end of December 2016, our Bank commanded TL 38.8 billion of assets, an increase of 1% when compared to the end of the previous year. Our Bank grew in a balanced way in 2016. The strategy for the loans supplied, which comprise a 70% share of the total assets, was implemented according to the change in funding structure.
Our Bank’s pre-tax profit amounted to TL 369 million, while the net profit for the period amounted to TL 296 million with an increase of 13% compared to the same period of the last year. Therefore, our profitability in assets and equity demonstrated a relative improvement. In this period, our Bank recorded a return on assets of 0.8% while we achieved a return on equity of 8.4%. The Bank focused on efficiency and managed its expenses effectively, supporting the improvement in profitability, a trend which was complimented by implementing effective practices to increase asset quality.
Funds Collected and Shareholders’ Equity
Collected funds remained the most important source of funding for the Bank in 2016. Collected funds stood at TL 21 billion as of December 2016, comprising a 54% share of the total balance sheet and 56% of which consisted of TL accounts and 44% of foreign currency accounts. In addition, current deposits totaled approximately TL 6 billion, marking an increase of 6.3%. Our Bank successfully managed its existing international borrowing during the year and diversified its funding structure by increasing its domestic lease certificate issuances. Moreover, the previous year’s profits were kept within the Bank and our equity amounted to TL 3.7 billion, with increased profitability.
The Bank’s Capital Adequacy Standard Ratio stood at 13.51% at the end of 2015 and 15.58% at the end of December 2016. The Bank’s current subordinated loans are a balancing element for the negative impact of the exchange rate movements that may arise on the Bank’s legal equity and as a result, our Bank succeeded in keeping its capital adequacy ratio at a relatively strong level.
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