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%