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Citibank Turkey

Citibank Turkey's net profit rose 43.5% to TRY 259 mil in 2017

By Helgi Library - June 20, 2018

Citibank Turkey made a net profit of TRY 259 mil in 2017, up 43.5% compared to the previous year. This implies a return on equit...

Citibank Turkey's net profit rose 43.5% to TRY 259 mil in 2017

By Helgi Library - June 20, 2018

Citibank Turkey made a net profit of TRY 259 mil in 2017, up 43.5% compared to the previous year. This implies a return on equit...

Citibank Turkey's customer loans rose 18.3% to TRY 4,494 mil in 2017

By Helgi Library - December 12, 2019

Citibank Turkey's customer loans reached TRY 4,494 mil in 2017, up 18.3% compared to the previous year. Turkish banking sector ...

Profit Statement 2015 2016 2017
Net Interest Income TRY mil 399 293 653
Net Fee Income TRY mil 65.4 60.1 64.3
Other Income TRY mil 393 623 425
Total Revenues TRY mil 857 976 1,143
Staff Cost TRY mil 87.6 87.5 98.7
Operating Profit TRY mil 603 689 837
Provisions TRY mil 10.4 24.1 10.5
Net Profit TRY mil 154 181 259
Balance Sheet 2015 2016 2017
Interbank Loans TRY mil 2,005 1,759 76.1
Customer Loans TRY mil 3,693 3,797 4,494
Total Assets TRY mil 8,372 8,193 8,505
Shareholders' Equity TRY mil 1,251 1,303 1,562
Interbank Borrowing TRY mil 593 316 7.03
Customer Deposits TRY mil 5,976 5,974 6,768
Issued Debt Securities TRY mil 267 168 0
Ratios 2015 2016 2017
ROE % 12.7 14.1 18.1
ROA % 1.96 2.18 3.10
Costs (As % Of Assets) % 3.24 3.47 3.67
Costs (As % Of Income) % 29.6 29.5 26.8
Capital Adequacy Ratio % 17.6 18.2 19.2
Net Interest Margin % 5.09 3.54 7.82
Loans (As % Of Deposits) % 61.8 63.6 66.4
NPLs (As % Of Loans) % 2.15 2.41 2.33
Provisions (As % Of NPLs) % 90.3 90.7 81.6
Growth Rates 2015 2016 2017
Total Revenue Growth % 8.06 13.9 17.1
Operating Cost Growth % 5.94 13.2 6.40
Operating Profit Growth % 8.98 14.2 21.5
Net Profit Growth % 7.30 17.2 43.5
Customer Loan Growth % 53.0 2.82 18.3
Total Asset Growth % 14.3 -2.14 3.82
Customer Deposit Growth % 28.8 -0.033 13.3
Shareholders' Equity Growth % 6.20 4.18 19.9
Employees 517 468 ...

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summary Unit 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                                                          
Net Interest Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   309 462 308 507 399    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   722 1,266 498 793 857    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   386 729 257 553 603    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.90 90.4 81.3 143 154    
balance sheet                                                                          
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   25.3 191 163 232 2,005    
Customer Loans TRY mil                                                             2,678 2,987 1,929 2,414 3,693    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3,747 3,187 3,560 3,665 1,122    
Total Assets TRY mil                                                             7,227 7,420 6,469 7,325 8,372    
Shareholders' Equity TRY mil                                                             920 1,028 1,096 1,178 1,251    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   67.2 759 911 1,143 593    
Customer Deposits TRY mil                                                             5,402 5,172 4,015 4,640 5,976    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   376 0 223 162 267    
ratios                                                                          
ROE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.528 9.28 7.66 12.6 12.7    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.072 1.23 1.17 2.08 1.96    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.99 7.33 3.46 3.48 3.24    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   46.6 42.4 48.3 30.2 29.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16.9 18.5 25.2 23.3 17.6    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.58 6.31 4.44 7.35 5.09    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   42.8 36.5 61.9 63.9 46.6    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   13.5 9.13 8.28 6.70 7.63    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   44.5 36.7 30.1 34.7 34.5    
Equity (As % Of Assets) %                                                             12.7 13.9 16.9 16.1 14.9    
Loans (As % Of Deposits) %                                                             49.6 57.8 48.0 52.0 61.8    
Loans (As % Assets) %                                                             37.1 40.3 29.8 33.0 44.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   10.8 7.64 5.50 3.73 2.15    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   92.3 90.6 84.8 87.9 90.3    
valuation                                                                          
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -6.23 49.4 -33.3 64.5 -21.3    
income statement Unit 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
income statement                                                                          
Interest Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   520 741 406 682 664    
Interest Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   211 279 97.5 175 265    
Net Interest Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   309 462 308 507 399    
Net Fee Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   97.7 116 41.2 53.2 65.4    
Other Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   316 689 148 233 393    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   722 1,266 498 793 857    
Staff Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   150 197 72.5 83.3 87.6    
Operating Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   337 537 241 240 254    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   386 729 257 553 603    
Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   30.1 57.9 4.83 5.14 10.4    
Extra and Other Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   347 557 220 356 395    
Pre-Tax Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   8.19 114 32.5 192 198    
Tax TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.29 23.7 24.0 48.4 44.2    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.90 90.4 81.3 143 154    
growth rates                                                                          
Net Interest Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -6.23 49.4 -33.3 64.5 -21.3    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -704 18.4 -64.4 29.0 23.0    
Total Revenue Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -11.3 75.3 -60.7 59.4 8.06    
Operating Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 6.78 59.5 -55.2 -0.261 5.94    
Operating Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -22.8 89.1 -64.7 115 8.98    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -92.6 1,293 -71.5 490 3.26    
Net Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -94.3 1,746 -10.0 76.4 7.30    
market share                                                                          
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.23 1.74 0.617 0.892 0.864   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.026 0.400 0.344 0.586 0.600   ...
Market Share in Employees %                                                             1.23 1.14 0.242 0.233 0.257   ...
Market Share in Branches %                                                             0.376 0.362 0.073 0.071 0.071   ...
balance sheet Unit 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
balance sheet                                                                          
Cash TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   447 718 628 816 1,115    
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   25.3 191 163 232 2,005    
Customer Loans TRY mil                                                             2,678 2,987 1,929 2,414 3,693    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3,747 3,187 3,560 3,665 1,122    
Fixed Assets TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   22.4 22.8 12.6 11.8 11.4    
Total Assets TRY mil                                                             7,227 7,420 6,469 7,325 8,372    
Shareholders' Equity TRY mil                                                             920 1,028 1,096 1,178 1,251    
Liabilities TRY mil                                                             6,307 6,392 5,374 6,147 7,121    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   67.2 759 911 1,143 593    
Customer Deposits TRY mil                                                             5,402 5,172 4,015 4,640 5,976    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   376 0 223 162 267    
Other Liabilities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   462 462 224 203 285    
asset quality                                                                          
Non-Performing Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   322 246 112 93.6 80.7    
Gross Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2,969 3,221 2,042 2,506 3,756    
Total Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   297 223 95.2 82.2 72.9    
growth rates                                                                          
Customer Loan Growth % ...                                                           16.3 11.5 -35.4 25.1 53.0    
Total Asset Growth % ...                                                           15.0 2.66 -12.8 13.2 14.3    
Shareholders' Equity Growth % ...                                                           -1.67 11.7 6.58 7.49 6.20    
Customer Deposit Growth % ...                                                           24.5 -4.27 -22.4 15.6 28.8    
market share                                                                          
Market Share in Customer Loans %                                                             0.421 0.408 0.199 0.210 0.267    
Market Share in Total Assets %                                                             0.623 0.572 0.396 0.388 0.374    
Market Share in Customer Deposits %                                                             0.823 0.713 0.448 0.465 0.510    
ratios Unit 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
ratios                                                                          
ROE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.528 9.28 7.66 12.6 12.7    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.072 1.23 1.17 2.08 1.96    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.99 7.33 3.46 3.48 3.24    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   46.6 42.4 48.3 30.2 29.6    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16.9 18.5 25.2 23.3 17.6    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.58 6.31 4.44 7.35 5.09    
Interest Spread % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.08 5.72 4.18 6.85 4.47    
Asset Yield % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   7.70 10.1 5.84 9.89 8.46    
Cost Of Liabilities % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.62 4.40 1.66 3.04 3.99    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   42.8 36.5 61.9 63.9 46.6    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   13.5 9.13 8.28 6.70 7.63    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   43.7 54.4 29.8 29.4 45.8    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3,330 4,302 6,626 6,598 5,384   ...
Cost Per Employee (Local Currency) TRY per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   5,596 7,744 12,635 14,801 14,125   ...
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   44.5 36.7 30.1 34.7 34.5    
Equity (As % Of Assets) %                                                             12.7 13.9 16.9 16.1 14.9    
Loans (As % Of Deposits) %                                                             49.6 57.8 48.0 52.0 61.8    
Loans (As % Assets) %                                                             37.1 40.3 29.8 33.0 44.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   10.8 7.64 5.50 3.73 2.15    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   92.3 90.6 84.8 87.9 90.3    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   11.1 7.46 4.94 3.41 1.97    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.21 2.04 0.196 0.237 0.341    
other data Unit 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
other data                                                                          
Branches                                                             37.0 37.0 8.00 8.00 8.00   ...
Employees                                                             2,233 2,123 478 469 517   ...

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Citibank Turkey's customer loans rose 18.3% to TRY 4,494 mil in 2017

By Helgi Library - December 12, 2019

Citibank Turkey's customer loans reached TRY 4,494 mil in 2017, up 18.3% compared to the previous year. Turkish banking sector provided customer loans of TRY 2,209 bil in 2017, up 20.6% when compared to the last year. Citibank Turkey accounted for 0.229% ...

Citibank Turkey's customer deposits rose 13.3% to TRY 6,768 mil in 2017

By Helgi Library - December 12, 2019

Citibank Turkey's customer deposits reached TRY 6,768 mil in 2017, up 13.3% compared to the previous year. Turkish banking sector accepted customer deposits of TRY 1,670 bil in 2017, up 17.8% when compared to the last year. Citibank Turkey accounted for 0...

Citibank Turkey's customer deposits rose 13.3% to TRY 6,768 mil in 2017

By Helgi Library - December 12, 2019

Citibank Turkey's customer deposits reached TRY 6,768 mil in 2017, up 13.3% compared to the previous year. Turkish banking sector accepted customer deposits of TRY 1,670 bil in 2017, up 17.8% when compared to the last year. Citibank Turkey accounted for 0...

Citibank Turkey's npls (as % of loans) fell 3.08% to 2.33% in 2017

By Helgi Library - June 20, 2018

Citibank Turkey's non-performing loans reached 2.33% of total loans at the end of 2017, down from 2.41% compared to the previous year. Historically, the NPL ratio hit an all time high of 16.3% in 2009 and an all time low of 2.15% in 2015. Provision coverage...

Citibank Turkey's npls (as % of loans) fell 3.08% to 2.33% in 2017

By Helgi Library - June 20, 2018

Citibank Turkey's non-performing loans reached 2.33% of total loans at the end of 2017, down from 2.41% compared to the previous year. Historically, the NPL ratio hit an all time high of 16.3% in 2009 and an all time low of 2.15% in 2015. Provision coverage...

Citibank Turkey's net interest income rose 123% to TRY 653 mil in 2017

By Helgi Library - June 20, 2018

Citibank Turkey generated total banking revenues of TRY 1,143 mil in 2017, up 17.1% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of TRY 1,266 mil in 2012 and ...

Citibank Turkey's net interest income rose 123% to TRY 653 mil in 2017

By Helgi Library - June 20, 2018

Citibank Turkey generated total banking revenues of TRY 1,143 mil in 2017, up 17.1% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of TRY 1,266 mil in 2012 and ...

Citibank Turkey's net interest margin rose 121% to 7.82% in 2017

By Helgi Library - June 20, 2018

Citibank Turkey's net interest margin amounted to 7.82% in 2017, up from 3.54% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 10.4% in 2004 and an all time low of 3.54% in 2016. The average margin...

Citibank Turkey's net interest margin rose 121% to 7.82% in 2017

By Helgi Library - June 20, 2018

Citibank Turkey's net interest margin amounted to 7.82% in 2017, up from 3.54% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 10.4% in 2004 and an all time low of 3.54% in 2016. The average margin...

Citibank Turkey's customer loan growth rose 551% to 18.3% in 2017

By Helgi Library - June 20, 2018

Citibank Turkey's customer loan growth reached 18.3% in 2017, up from 2.82% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 5,382% in 1982 and an all time low of -43.6% in 1986. In the last decade, the aver...

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Finance

Citibank Turkey has been growing its revenues and asset by 0.045% and 7.33% a year on average in the last 10 years. Its loans and deposits have grown by 8.69% and 7.61% a year during that time and loans to deposits ratio reached 66.4% at the end of 2017. The company achieved an average return on equity of 10.4% in the last decade with net profit growing 3.35% a year on average. In terms of operating efficiency, its cost to income ratio reached 26.8% in 2017, compared to 35.6% average in the last decade.

Equity represented 18.4% of total assets or 34.8% of loans at the end of 2017. Citibank Turkey's non-performing loans were 2.33% of total loans while provisions covered some 81.6% of NPLs at the end of 2017.