Financial Highlights
Evaluation of Financial Status
As of the end of 2020 the Bank's total assets increased by 18.95% to reach TRY 21,898 million since the end of the previous year. As of the end of 2020, the Bank recorded a net profit of TRY 560 million, which constitutes a 36.38% increase compared to the end of 2019.
While the return on average assets based on net gain was 2.54% in 2019, this ratio stood at 2.78% in 2020.
In 2020, return on average equity was 23.83% and in 2019, it was 22.37%. By the end of 2020, the Bank's equity grew by TRY 504 million to reach TRY 2,602 million. Thus further strengthening its equity structure, Aktif Bank recorded a capital adequacy ratio of 14.39%.
In 2020, the Bank continued to manage its loan portfolio with an optimal risk-return balance and met customers' funding needs of various maturities with the most convenient conditions. Loans and financial lease transactions grew by 34.46% in 2020 to reach TRY 10,176 million. The Bank holds non-cash loans worth TRY 2,173 million. Despite the economic fluctuations, the Bank's rational and balanced risk management policies enabled restricting the ratio of non-performing loans to only 3.03% within all loans.
FINANCIALS
| 2020 | 2019 | Change | |
|---|---|---|---|
| INVESTMENT SECURITIES (NET) | 6.242.050 | 3.914.090 | 59,48% |
| LOANS & FACTORING RECEIVABLES (NET) | 10.176.417 | 7.568.126 | 34,46% |
| SHAREHOLDERS' EQUITY | 2.602.044 | 2.097.840 | 24,03% |
| TOTAL ASSETS | 21.898.158 | 18.409.081 | 18,95% |
| GUARANTEES AND INDEMNITIES | 2.117.288 | 1.485.218 | 42,56% |
| NET INTEREST INCOME | 886.747 | 526.776 | 68,33% |
| PROFIT BEFORE TAXES | 734.034 | 512.007 | 43,36% |
| NET PROFIT | 560.047 | 410.663 | 36,38% |
PERFORMANCE RATIOS
| 2020 | 2019 | |
|---|---|---|
| CAPITAL ADEQUACY STANDARD RATIO | 14,39% | 14,85% |
| RETURN ON AVERAGE EQUITY | 23,83% | 22,37% |
| RETURN ON AVERAGE ASSETS (NET PROFIT BASIS) | 2,78% | 2,54% |
| NON-PERFORMING LOANS / TOTAL LOANS | 3,03% | 4,05% |
| INTEREST INCOMES / INTEREST EXPENDITURES | 179,05% | 140,80% |
| YIELDING ASSETS / TOTAL ASSETS | 80,35% | 81,19% |