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ING Bank Turkey

ING Bank Turkey's net profit rose 56.5% to TRY 817 mil in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey made a net profit of TRY 817 mil in 2017, up 56.5% compared to the previous year. This implies a return on equit...

ING Bank Turkey's net profit rose 56.5% to TRY 817 mil in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey made a net profit of TRY 817 mil in 2017, up 56.5% compared to the previous year. This implies a return on equit...

ING Bank Turkey's npls (as % of loans) rose 9.43% to 4.25% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's non-performing loans reached 4.25% of total loans at the end of 2017, up from 3.88% compared to the previous ye...

Profit Statement 2015 2016 2017
Net Interest Income TRY mil 1,822 2,031 2,605
Net Fee Income TRY mil 259 379 519
Other Income TRY mil -51.4 165 -13.9
Total Revenues TRY mil 2,030 2,575 3,110
Staff Cost TRY mil 514 530 590
Operating Profit TRY mil 666 1,194 1,649
Provisions TRY mil 516 539 619
Net Profit TRY mil 103 522 817
Balance Sheet 2015 2016 2017
Interbank Loans TRY mil 1,119 156 484
Customer Loans TRY mil 35,205 34,817 38,575
Total Assets TRY mil 49,245 49,688 53,031
Shareholders' Equity TRY mil 4,482 5,056 5,873
Interbank Borrowing TRY mil 15,054 13,791 14,004
Customer Deposits TRY mil 23,649 25,217 27,764
Issued Debt Securities TRY mil 4,068 3,257 3,107
Ratios 2015 2016 2017
ROE % 2.59 10.9 15.0
ROA % 0.236 1.06 1.59
Costs (As % Of Assets) % 3.12 2.79 2.84
Costs (As % Of Income) % 67.2 53.6 47.0
Capital Adequacy Ratio % 15.8 17.7 19.9
Net Interest Margin % 4.18 4.11 5.07
Loans (As % Of Deposits) % 149 138 139
NPLs (As % Of Loans) % 2.94 3.88 4.25
Provisions (As % Of NPLs) % 62.8 68.4 70.5
Growth Rates 2015 2016 2017
Total Revenue Growth % 7.27 26.9 20.8
Operating Cost Growth % 7.45 1.26 5.83
Operating Profit Growth % 6.91 79.2 38.1
Net Profit Growth % -39.3 407 56.5
Customer Loan Growth % 25.5 -1.10 10.8
Total Asset Growth % 29.5 0.899 6.73
Customer Deposit Growth % 23.8 6.63 10.1
Shareholders' Equity Growth % 29.3 12.8 16.2
Employees 5,603 5,284 ...

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summary Unit 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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   872 1,362 1,248 1,644 1,822    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   979 1,692 1,450 1,892 2,030    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   231 615 472 623 666    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   70.3 255 157 170 103    
balance sheet                                                                    
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   282 262 1,147 1,022 1,119    
Customer Loans TRY mil                                                       15,378 18,842 24,481 28,046 35,205    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2,862 2,854 3,740 3,825 5,713    
Total Assets TRY mil                                                       21,066 25,115 33,395 38,014 49,245    
Shareholders' Equity TRY mil                                                       2,361 3,072 3,392 3,467 4,482    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   5,509 5,958 10,203 11,199 15,054    
Customer Deposits TRY mil                                                       11,531 14,430 17,165 19,098 23,649    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   529 294 1,307 2,668 4,068    
ratios                                                                    
ROE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.16 9.38 4.84 4.95 2.59    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.366 1.10 0.535 0.475 0.236    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.90 4.66 3.34 3.55 3.12    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   76.4 63.6 67.4 67.1 67.2    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   14.2 14.3 12.6 14.4 15.8    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.54 5.90 4.27 4.60 4.18    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   89.1 80.5 86.1 86.9 89.8    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16.5 11.3 14.4 13.7 12.8    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   46.3 39.8 42.8 39.6 37.7    
Equity (As % Of Assets) %                                                       11.2 12.2 10.2 9.12 9.10    
Loans (As % Of Deposits) %                                                       133 131 143 147 149    
Loans (As % Assets) %                                                       73.0 75.0 73.3 73.8 71.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.18 2.38 2.30 2.69 2.94    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   66.9 53.8 64.4 59.4 62.8    
valuation                                                                    
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -14.3 56.3 -8.36 31.7 10.8    
income statement Unit 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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1,656 2,434 2,143 3,052 3,350    
Interest Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   785 1,072 895 1,408 1,528    
Net Interest Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   872 1,362 1,248 1,644 1,822    
Net Fee Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   162 192 208 259 259    
Other Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   -54.9 138 -6.40 -10.7 -51.4    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   979 1,692 1,450 1,892 2,030    
Staff Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   347 429 419 502 514    
Operating Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   748 1,077 978 1,269 1,363    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   231 615 472 623 666    
Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   124 258 264 386 516    
Extra and Other Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0 0 0 0 < 0.001    
Pre-Tax Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   107 357 209 237 151    
Tax TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   37.0 102 52.2 67.7 47.7    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   70.3 255 157 170 103    
growth rates                                                                    
Net Interest Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -14.3 56.3 -8.36 31.7 10.8    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -0.310 18.5 8.65 24.2 0.174    
Total Revenue Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 3.69 72.9 -14.3 30.4 7.27    
Operating Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 5.88 44.0 -9.17 29.7 7.45    
Operating Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -2.80 166 -23.2 31.9 6.91    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -24.7 233 -41.6 13.7 -36.5    
Net Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -35.9 263 -38.6 8.35 -39.3    
market share                                                                    
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.67 2.33 1.80 2.13 2.05   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.369 1.13 0.663 0.693 0.402   ...
Market Share in Employees %                                                       2.88 2.86 2.93 3.06 2.78   ...
Market Share in Branches %                                                       3.27 3.12 2.99 2.82 2.66   ...
balance sheet Unit 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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1,934 2,458 3,423 4,323 6,125    
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   282 262 1,147 1,022 1,119    
Customer Loans TRY mil                                                       15,378 18,842 24,481 28,046 35,205    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2,862 2,854 3,740 3,825 5,713    
Fixed Assets TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   306 315 342 366 394    
Total Assets TRY mil                                                       21,066 25,115 33,395 38,014 49,245    
Shareholders' Equity TRY mil                                                       2,361 3,072 3,392 3,467 4,482    
Liabilities TRY mil                                                       18,705 22,043 30,003 34,548 44,763    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   5,509 5,958 10,203 11,199 15,054    
Customer Deposits TRY mil                                                       11,531 14,430 17,165 19,098 23,649    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   529 294 1,307 2,668 4,068    
Other Liabilities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1,136 1,361 1,329 1,582 1,992    
asset quality                                                                    
Non-Performing Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   340 456 576 769 1,053    
Gross Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   15,570 19,157 25,077 28,620 35,771    
Total Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   227 246 371 457 661    
growth rates                                                                    
Customer Loan Growth % ...                                                     26.2 22.5 29.9 14.6 25.5    
Total Asset Growth % ...                                                     21.8 19.2 33.0 13.8 29.5    
Shareholders' Equity Growth % ...                                                     13.3 30.1 10.4 2.20 29.3    
Customer Deposit Growth % ...                                                     23.6 25.1 18.9 11.3 23.8    
market share                                                                    
Market Share in Customer Loans %                                                       2.42 2.57 2.53 2.44 2.55    
Market Share in Total Assets %                                                       1.81 1.93 2.04 2.01 2.20    
Market Share in Customer Deposits %                                                       1.76 1.99 1.92 1.91 2.02    
ratios Unit 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 % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.16 9.38 4.84 4.95 2.59    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.366 1.10 0.535 0.475 0.236    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.90 4.66 3.34 3.55 3.12    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   76.4 63.6 67.4 67.1 67.2    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   14.2 14.3 12.6 14.4 15.8    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.54 5.90 4.27 4.60 4.18    
Interest Spread % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.01 5.28 3.89 4.18 3.82    
Asset Yield % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   8.63 10.5 7.33 8.55 7.68    
Cost Of Liabilities % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.63 5.26 3.44 4.36 3.85    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   89.1 80.5 86.1 86.9 89.8    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16.5 11.3 14.4 13.7 12.8    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   -5.61 8.13 -0.441 -0.564 -2.53    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3,285 3,733 3,166 3,028 2,914   ...
Cost Per Employee (Local Currency) TRY per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   5,519 6,720 6,037 6,794 7,644   ...
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   46.3 39.8 42.8 39.6 37.7    
Equity (As % Of Assets) %                                                       11.2 12.2 10.2 9.12 9.10    
Loans (As % Of Deposits) %                                                       133 131 143 147 149    
Loans (As % Assets) %                                                       73.0 75.0 73.3 73.8 71.5    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.18 2.38 2.30 2.69 2.94    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   66.9 53.8 64.4 59.4 62.8    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.48 1.30 1.51 1.63 1.88    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.898 1.51 1.22 1.47 1.63    
other data Unit 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                                                       322 319 330 316 298   ...
Employees                                                       5,232 5,319 5,778 6,156 5,603   ...

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ING Bank Turkey's npls (as % of loans) rose 9.43% to 4.25% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's non-performing loans reached 4.25% of total loans at the end of 2017, up from 3.88% compared to the previous year. Historically, the NPL ratio hit an all time high of 4.25% in 2017 and an all time low of 0.725% in 2005. Provision coverage ...

ING Bank Turkey's customer loans rose 10.8% to TRY 38,575 mil in 2017

By Helgi Library - December 12, 2019

ING Bank Turkey's customer loans reached TRY 38,575 mil in 2017, up 10.8% 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. ING Bank Turkey accounted for 1.97% ...

ING Bank Turkey's customer loans rose 10.8% to TRY 38,575 mil in 2017

By Helgi Library - December 12, 2019

ING Bank Turkey's customer loans reached TRY 38,575 mil in 2017, up 10.8% 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. ING Bank Turkey accounted for 1.97% ...

ING Bank Turkey's customer deposits rose 10.1% to TRY 27,764 mil in 2017

By Helgi Library - December 12, 2019

ING Bank Turkey's customer deposits reached TRY 27,764 mil in 2017, up 10.1% 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. ING Bank Turkey accounted for ...

ING Bank Turkey's customer deposits rose 10.1% to TRY 27,764 mil in 2017

By Helgi Library - December 12, 2019

ING Bank Turkey's customer deposits reached TRY 27,764 mil in 2017, up 10.1% 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. ING Bank Turkey accounted for ...

ING Bank Turkey's net interest income rose 28.3% to TRY 2,605 mil in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey generated total banking revenues of TRY 3,110 mil in 2017, up 20.8% 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 3,110 mil in 2017 and ...

ING Bank Turkey's net interest income rose 28.3% to TRY 2,605 mil in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey generated total banking revenues of TRY 3,110 mil in 2017, up 20.8% 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 3,110 mil in 2017 and ...

ING Bank Turkey's net interest margin rose 23.5% to 5.07% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's net interest margin amounted to 5.07% in 2017, up from 4.11% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 7.87% in 2009 and an all time low of 4.11% in 2016. The average margin...

ING Bank Turkey's net interest margin rose 23.5% to 5.07% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's net interest margin amounted to 5.07% in 2017, up from 4.11% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 7.87% in 2009 and an all time low of 4.11% in 2016. The average margin...

ING Bank Turkey's customer loan growth rose 1,080% to 10.8% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's customer loan growth reached 10.8% in 2017, up from -1.10% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 688% in 1985 and an all time low of -28.6% in 1992. In the last decade, the avera...

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Finance

ING Bank Turkey has been growing its revenues and asset by 14.5% and 15.5% a year on average in the last 10 years. Its loans and deposits have grown by 16.3% and 12.0% a year during that time and loans to deposits ratio reached 139% at the end of 2017. The company achieved an average return on equity of 7.55% in the last decade with net profit growing 18.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.0% in 2017, compared to 64.0% average in the last decade.

Equity represented 11.1% of total assets or 15.2% of loans at the end of 2017. ING Bank Turkey's non-performing loans were 4.25% of total loans while provisions covered some 70.5% of NPLs at the end of 2017.