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    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%

     ​

    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%

    ​