Financial Institutions

  • Financial Highlights
EVALUATION OF FINANCIAL STATUS

The Bank’s total assets reached TRY 7,556,649 by the end of 2015, going up by 20.87% when compared to the previous year. In US Dollar terms, the Bank’s total assets diminished by 3.60% from $ 2.696 billion at the end of 2014 to $ 2.599 billion by the end of 2015. By the end of 2015, the Bank achieved net profit worth TRY 26 million. This represents a drop in profitability of 23% compared to end-2014. While the return on average assets based on net gain was 0.59% in 2014, this ratio stood at 0.38% in 2015. The return on average equity, which was 3.91% in the previous period, declined to 2.94% in 2015.

By the end of 2015, the Bank’s total shareholders' equity reached TRY 879.9 million with a decrease amount of TRY 6.7 million. With this result, Aktif Bank further strengthened its shareholder equity structure and Aktif Bank’s year-end capital adequacy ratio stood at 13.60%.

In 2015, the Bank continued to manage its credit portfolio with a view to optimizing the risk-return balance, meeting customers’ financing needs at different maturities in the most suitable manner. The total volume of loans and financial leasing transactions grew by 16.44% to TRY 4,638 billion in 2015. The Bank’s non-cash loans amounted to TRY 631.4 million. However, despite the economic crisis and its worldwide negative impact, the Bank’s share of total non-performing loans remained at 1.99%, thanks to rational and balanced risk policies.

The Bank, implementing the first ABS (Asset-Backed Security) issue by establishing Turkey’s first Asset Finance Fund on October 20, 2011, did not issue any ABS in 2015. The aforementioned transaction of securitisation, based upon Aktif Bank’s individual loan portfolio, was rated AAA, the highest possible credit rating in Turkey. By means of this operation, the first issuance based upon individual loans in Turkey, the Bank has taken a pioneering and innovative step towards obtaining funds, the main problem of investment banks.

Untitled Document

FINANCIALS                                                                                                                                                        

​​​20152014Change
BALANCES WITH BANKS & MONEY MARKET PLACEMENTS216,299155,33739%
TRADING SECURITIES (NET)9,2714,251118%
INVESTMENT SECURITIES (NET) 930,741887,8385%
LOANS & FACTORING RECEIVABLES (NET)4,638,2613,983,29216%
FINANCIAL LEASE RECEIVABLES (NET)---
SHAREHOLDERS' EQUITY879,915886,604-1%
TOTAL ASSETS7,556,6496,251,82721%
GUARANTEES AND INDEMNITIES631,362991,109-36%
NET INTEREST INCOME307,398238,62229%
NET FEE AND COMMISSION INCOME59,14833,86375%
PROFIT BEFORE TAXES52,12041,43926%
PROVISION FOR TAXES ON INCOME-26,153-7,714239%
    
NET PROFIT25,96733,725-23%

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PERFORMANCE RATIOS

20152014
   
CAPITAL ADEQUACY STANDARD RATIO13.60%12.73%
RETURN ON AVERAGE EQUITY2.94%3.91%
RETURN ON AVERAGE ASSETS (PROFIT BEFORE TAX BASIS)0.75%0.73%
RETURN ON AVERAGE ASSETS (NET PROFIT BASIS)0.38%0.59%
NET FEE AND COMMISSION INCOME / OPERATING COSTS10.31%9,51%
FIXED ASSETS (NET) / AVERAGE EQUITY40.27%34.42%
NON-PERFORMING LOANS / TOTAL LOANS1.99%3.01%
INTEREST INCOMES / INTEREST EXPENDITURES180.19%174.02%
YIELDING ASSETS / TOTAL ASSETS76.68%80.47%


INANCIALS

 

                                                                                                                                                                                                                                        

2015

2014

Change

BALANCES WITH BANKS & MONEY MARKET PLACEMENTS

216,299

155,337

39%

TRADING SECURITIES (NET)

9,271

4,251

118%

INVESTMENT SECURITIES (NET)

930,741

887,838

5%

LOANS & FACTORING RECEIVABLES (NET)

4,638,261

3,983,292

16%

FINANCIAL LEASE RECEIVABLES (NET)

-

-

-

SHAREHOLDERS’ EQUITY

879,915

886,604

-1%

TOTAL ASSETS

7,556,649

6,251,827

21%

GUARANTEES AND INDEMNITIES

631,362

991,109

-36%

NET INTEREST INCOME

307,398

238,622

29%

NET FEE AND COMMISSION INCOME

59,148

33,863

75%

PROFIT BEFORE TAXES

52,120

41,439

26%

PROVISION FOR TAXES ON INCOME

-26,153

-7,714

239%

 

 

 

 

NET PROFIT

25,967

33,725

-23%

 

 

 

PERFORMANCE RATIOS

2015

2014

 

 

 

CAPITAL ADEQUACY STANDARD RATIO

13.60%

12.73%

RETURN ON AVERAGE EQUITY

2.94%

3.91%

RETURN ON AVERAGE ASSETS (PROFIT BEFORE TAX BASIS)

0.75%

0.73%

RETURN ON AVERAGE ASSETS (NET PROFIT BASIS)

0.38%

0.59%

NET FEE AND COMMISSION INCOME / OPERATING COSTS

10.31%

9,51%

FIXED ASSETS (NET) / AVERAGE EQUITY

40.27%

34.42%

NON-PERFORMING LOANS / TOTAL LOANS

1.99%

3.01%

INTEREST INCOMES / INTEREST EXPENDITURES

180.19%

174.02%

YIELDING ASSETS / TOTAL ASSETS

76.68%

80.47%