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ICBC Turkey Bank's customer loans rose 50.9% to TRY 7,652 mil in 2017

By Helgi Library - December 12, 2019

ICBC Turkey Bank's customer loans reached TRY 7,652 mil in 2017, up 50.9% compared to the previous year. Turkish banking sector...

ICBC Turkey Bank's customer loans rose 50.9% to TRY 7,652 mil in 2017

By Helgi Library - December 12, 2019

ICBC Turkey Bank's customer loans reached TRY 7,652 mil in 2017, up 50.9% compared to the previous year. Turkish banking sector...

ICBC Turkey Bank's customer deposits fell 0.441% to TRY 3,369 mil in 2017

By Helgi Library - December 12, 2019

ICBC Turkey Bank's customer deposits reached TRY 3,369 mil in 2017, down 0.441% compared to the previous year. Turkish banking ...

Profit Statement 2015 2016 2017
Net Interest Income TRY mil 155 194 341
Net Fee Income TRY mil 9.86 17.9 56.7
Other Income TRY mil -1.91 10.1 -36.9
Total Revenues TRY mil 163 222 361
Staff Cost TRY mil 80.2 92.6 111
Operating Profit TRY mil 25.6 59.0 160
Provisions TRY mil 42.0 40.0 91.0
Net Profit TRY mil -15.3 12.5 41.1
Balance Sheet 2015 2016 2017
Interbank Loans TRY mil 299 152 1,217
Customer Loans TRY mil 4,120 5,071 7,652
Total Assets TRY mil 6,655 8,218 12,924
Shareholders' Equity TRY mil 590 595 1,097
Interbank Borrowing TRY mil 3,147 3,775 7,008
Customer Deposits TRY mil 2,257 3,383 3,369
Issued Debt Securities TRY mil 517 335 1,153
Ratios 2015 2016 2017
ROE % -2.54 2.11 4.86
ROA % -0.297 0.168 0.389
Costs (As % Of Assets) % 2.66 2.20 1.90
Costs (As % Of Income) % 84.2 73.5 55.6
Capital Adequacy Ratio % 12.8 19.8 14.4
Net Interest Margin % 3.00 2.61 3.23
Loans (As % Of Deposits) % 183 150 227
NPLs (As % Of Loans) % 4.23 2.23 1.25
Provisions (As % Of NPLs) % 74.6 68.7 74.7
Growth Rates 2015 2016 2017
Total Revenue Growth % -7.27 36.8 62.3
Operating Cost Growth % 11.8 19.3 22.8
Operating Profit Growth % -51.5 130 172
Net Profit Growth % -227 -182 229
Customer Loan Growth % 47.2 23.1 50.9
Total Asset Growth % 82.0 23.5 57.3
Customer Deposit Growth % -10.1 49.9 -0.441
Shareholders' Equity Growth % -4.30 0.821 84.5
Employees 841 809 810

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summary Unit 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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   93.3 153 126 173 155    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   131 184 194 175 163    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   44.7 75.6 93.6 52.9 25.6    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   19.6 27.2 39.2 12.1 -15.3    
balance sheet                                                                
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   107 118 76.7 83.6 299    
Customer Loans TRY mil                                                   2,503 2,660 2,820 2,799 4,120    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   369 332 407 292 1,159    
Total Assets TRY mil                                                   3,489 3,677 3,849 3,656 6,655    
Shareholders' Equity TRY mil                                                   515 573 600 616 590    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   241 250 344 350 3,147    
Customer Deposits TRY mil                                                   2,464 2,715 2,526 2,509 2,257    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   126 11.2 261 64.6 517    
ratios                                                                
ROE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.88 5.00 6.69 1.98 -2.54    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.646 0.758 1.04 0.322 -0.297    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.85 3.01 2.66 3.26 2.66    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   65.9 58.8 51.7 69.8 84.2    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   15.9 16.5 17.4 18.9 12.8    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.08 4.27 3.34 4.61 3.00    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   71.3 83.2 64.9 98.6 95.1    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   11.4 9.43 7.49 7.27 6.07    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   60.1 61.0 61.1 58.4 58.5    
Equity (As % Of Assets) %                                                   14.8 15.6 15.6 16.9 8.86    
Loans (As % Of Deposits) %                                                   102 98.0 112 112 183    
Loans (As % Assets) %                                                   71.8 72.4 73.3 76.5 61.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.16 4.92 6.14 5.45 4.23    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   60.4 68.7 74.3 69.9 74.6    
valuation                                                                
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -1.54 63.7 -17.7 37.5 -10.5    
income statement Unit 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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   228 343 262 328 309    
Interest Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   134 191 136 155 154    
Net Interest Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   93.3 153 126 173 155    
Net Fee Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   14.9 17.3 14.5 12.8 9.86    
Other Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   22.7 13.5 53.5 -10.3 -1.91    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   131 184 194 175 163    
Staff Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   51.9 65.8 61.1 71.5 80.2    
Operating Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   86.3 108 100 122 137    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   44.7 75.6 93.6 52.9 25.6    
Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   20.3 41.5 51.3 38.3 42.0    
Extra and Other Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0 0 0 0 < 0.001    
Pre-Tax Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   24.4 34.1 42.2 14.6 -16.3    
Tax TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.77 6.94 3.02 2.54 -1.03    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   19.6 27.2 39.2 12.1 -15.3    
growth rates                                                                
Net Interest Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -1.54 63.7 -17.7 37.5 -10.5    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -15.5 15.8 -16.2 -12.1 -22.7    
Total Revenue Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -1.61 40.2 5.50 -9.47 -7.27    
Operating Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -6.43 25.0 -7.27 22.3 11.8    
Operating Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 9.25 69.4 23.7 -43.5 -51.5    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 28.5 40.0 23.8 -65.4 -212    
Net Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 40.4 38.7 44.4 -69.2 -227    
market share                                                                
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.223 0.252 0.240 0.197 0.164   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.103 0.120 0.166 0.049 ...   ...
Market Share in Employees %                                                   0.485 0.452 0.432 0.424 0.418    
Market Share in Branches %                                                   0.447 0.430 0.399 0.392 0.393    
balance sheet Unit 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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   303 364 454 350 943    
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   107 118 76.7 83.6 299    
Customer Loans TRY mil                                                   2,503 2,660 2,820 2,799 4,120    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   369 332 407 292 1,159    
Fixed Assets TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   81.1 96.0 18.4 28.8 27.9    
Total Assets TRY mil                                                   3,489 3,677 3,849 3,656 6,655    
Shareholders' Equity TRY mil                                                   515 573 600 616 590    
Liabilities TRY mil                                                   2,974 3,104 3,249 3,040 6,065    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   241 250 344 350 3,147    
Customer Deposits TRY mil                                                   2,464 2,715 2,526 2,509 2,257    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   126 11.2 261 64.6 517    
Other Liabilities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   143 128 118 117 145    
asset quality                                                                
Non-Performing Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   107 136 181 159 180    
Gross Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2,568 2,754 2,954 2,910 4,255    
Total Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   64.5 93.1 135 111 134    
growth rates                                                                
Customer Loan Growth % ...                                                 33.8 6.27 5.99 -0.743 47.2    
Total Asset Growth % ...                                                 35.6 5.40 4.69 -5.02 82.0    
Shareholders' Equity Growth % ...                                                 3.77 11.2 4.87 2.60 -4.30    
Customer Deposit Growth % ...                                                 37.6 10.2 -6.99 -0.656 -10.1    
market share                                                                
Market Share in Customer Loans %                                                   0.394 0.363 0.291 0.244 0.298    
Market Share in Total Assets %                                                   0.301 0.283 0.235 0.194 0.298    
Market Share in Customer Deposits %                                                   0.375 0.374 0.282 0.251 0.193    
ratios Unit 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 % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.88 5.00 6.69 1.98 -2.54    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.646 0.758 1.04 0.322 -0.297    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.85 3.01 2.66 3.26 2.66    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   65.9 58.8 51.7 69.8 84.2    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   15.9 16.5 17.4 18.9 12.8    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.08 4.27 3.34 4.61 3.00    
Interest Spread % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.19 3.31 2.67 3.81 2.60    
Asset Yield % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   7.51 9.59 6.96 8.73 5.99    
Cost Of Liabilities % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   5.32 6.27 4.28 4.92 3.39    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   71.3 83.2 64.9 98.6 95.1    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   11.4 9.43 7.49 7.27 6.07    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   17.3 7.33 27.6 -5.85 -1.17    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2,922 3,623 3,131 3,115 3,028    
Cost Per Employee (Local Currency) TRY per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4,910 6,522 5,970 6,989 7,943    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   60.1 61.0 61.1 58.4 58.5    
Equity (As % Of Assets) %                                                   14.8 15.6 15.6 16.9 8.86    
Loans (As % Of Deposits) %                                                   102 98.0 112 112 183    
Loans (As % Assets) %                                                   71.8 72.4 73.3 76.5 61.9    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.16 4.92 6.14 5.45 4.23    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   60.4 68.7 74.3 69.9 74.6    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.58 3.50 4.78 3.96 3.26    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.928 1.61 1.87 1.36 1.21    
other data Unit 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                                                   44.0 44.0 44.0 44.0 44.0    
Employees                                                   880 841 853 852 841    

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ICBC Turkey Bank's customer deposits fell 0.441% to TRY 3,369 mil in 2017

By Helgi Library - December 12, 2019

ICBC Turkey Bank's customer deposits reached TRY 3,369 mil in 2017, down 0.441% 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. ICBC Turkey Bank accounted ...

ICBC Turkey Bank's net profit rose 229% to TRY 41.1 mil in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank made a net profit of TRY 41.1 mil in 2017, up 229% compared to the previous year. This implies a return on equity of 4.86%. Historically, the bank’s net profit reached an all time high of TRY 54.0 mil in 2002 and an all time low of TRY -15....

ICBC Turkey Bank's net profit rose 229% to TRY 41.1 mil in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank made a net profit of TRY 41.1 mil in 2017, up 229% compared to the previous year. This implies a return on equity of 4.86%. Historically, the bank’s net profit reached an all time high of TRY 54.0 mil in 2002 and an all time low of TRY -15....

ICBC Turkey Bank's net interest income rose 75.6% to TRY 341 mil in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank generated total banking revenues of TRY 361 mil in 2017, up 62.3% 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 361 mil in 2017 and an ...

ICBC Turkey Bank's net interest income rose 75.6% to TRY 341 mil in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank generated total banking revenues of TRY 361 mil in 2017, up 62.3% 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 361 mil in 2017 and an ...

ICBC Turkey Bank's costs (as % of assets) fell 13.6% to 1.90% in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank's cost to income ratio reached 55.6% in 2017, down from 73.5% compared to the previous year. Historically, the bank’s costs reached an all time high of 84.2% of income in 2015 and an all time low of 51.7% in 2013. When compared to total as...

ICBC Turkey Bank's npls (as % of loans) fell 44.0% to 1.25% in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank's non-performing loans reached 1.25% of total loans at the end of 2017, down from 2.23% compared to the previous year. Historically, the NPL ratio hit an all time high of 6.14% in 2013 and an all time low of 0.339% in 2003. Provision covera...

ICBC Turkey Bank's costs (as % of assets) fell 13.6% to 1.90% in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank's cost to income ratio reached 55.6% in 2017, down from 73.5% compared to the previous year. Historically, the bank’s costs reached an all time high of 84.2% of income in 2015 and an all time low of 51.7% in 2013. When compared to total as...

ICBC Turkey Bank's npls (as % of loans) fell 44.0% to 1.25% in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank's non-performing loans reached 1.25% of total loans at the end of 2017, down from 2.23% compared to the previous year. Historically, the NPL ratio hit an all time high of 6.14% in 2013 and an all time low of 0.339% in 2003. Provision covera...

ICBC Turkey Bank's net interest margin rose 23.5% to 3.23% in 2017

By Helgi Library - June 30, 2018

ICBC Turkey Bank's net interest margin amounted to 3.23% in 2017, up from 2.61% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.83% in 2007 and an all time low of 2.61% in 2016. The average margi...

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Finance

ICBC Turkey Bank has been growing its revenues and asset by 6.35% and 16.1% a year on average in the last 10 years. Its loans and deposits have grown by 13.9% and 8.32% a year during that time and loans to deposits ratio reached 227% at the end of 2017. The company achieved an average return on equity of 3.05% in the last decade with net profit growing -1.49% a year on average. In terms of operating efficiency, its cost to income ratio reached 55.6% in 2017, compared to 65.6% average in the last decade.

Equity represented 8.49% of total assets or 14.3% of loans at the end of 2017. ICBC Turkey Bank's non-performing loans were 1.25% of total loans while provisions covered some 74.7% of NPLs at the end of 2017.