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.
|INVESTMENT SECURITIES (NET)||6.242.050||3.914.090||59,48%|
|LOANS & FACTORING RECEIVABLES (NET)||10.176.417||7.568.126||34,46%|
|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%|
|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%|