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Turkland Bank

Turkland Bank's net profit fell 411% to TRY -39.1 mil in 2017

By Helgi Library - June 30, 2018

Turkland Bank made a net profit of TRY -39.1 mil in 2017, down 411% compared to the previous year. This implies a return on equi...

Turkland Bank's net profit fell 411% to TRY -39.1 mil in 2017

By Helgi Library - June 30, 2018

Turkland Bank made a net profit of TRY -39.1 mil in 2017, down 411% compared to the previous year. This implies a return on equi...

Turkland Bank's npls (as % of loans) rose 76.9% to 11.4% in 2017

By Helgi Library - June 30, 2018

Turkland Bank's non-performing loans reached 11.4% of total loans at the end of 2017, up from 6.46% compared to the previous year...

Profit Statement 2015 2016 2017
Net Interest Income TRY mil 165 174 142
Net Fee Income TRY mil 25.2 23.7 24.9
Other Income TRY mil 19.7 46.6 65.6
Total Revenues TRY mil 210 244 233
Staff Cost TRY mil 77.3 72.9 92.7
Operating Profit TRY mil 62.9 71.6 41.5
Provisions TRY mil 45.1 55.7 97.0
Net Profit TRY mil 13.0 12.6 -39.1
Balance Sheet 2015 2016 2017
Interbank Loans TRY mil 387 561 404
Customer Loans TRY mil 3,963 3,629 2,927
Total Assets TRY mil 5,819 5,755 4,889
Shareholders' Equity TRY mil 743 756 719
Interbank Borrowing TRY mil 224 384 130
Customer Deposits TRY mil 4,481 4,068 3,506
Issued Debt Securities TRY mil 199 374 402
Ratios 2015 2016 2017
ROE % 1.74 1.68 -5.30
ROA % 0.239 0.217 -0.735
Costs (As % Of Assets) % 2.70 2.98 3.59
Costs (As % Of Income) % 70.0 70.7 82.2
Capital Adequacy Ratio % 15.6 16.0 14.1
Net Interest Margin % 3.03 3.01 2.67
Loans (As % Of Deposits) % 88.4 89.2 83.5
NPLs (As % Of Loans) % 5.97 6.46 11.4
Provisions (As % Of NPLs) % 32.0 37.3 43.3
Growth Rates 2015 2016 2017
Total Revenue Growth % -12.3 16.3 -4.76
Operating Cost Growth % -6.56 17.3 10.7
Operating Profit Growth % -23.3 13.8 -42.1
Net Profit Growth % -57.6 -3.62 -411
Customer Loan Growth % 17.8 -8.43 -19.4
Total Asset Growth % 14.3 -1.09 -15.1
Customer Deposit Growth % 24.9 -9.23 -13.8
Shareholders' Equity Growth % -1.45 1.78 -4.85
Employees 662 608 523

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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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   62.5 111 108 175 165    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   94.1 147 155 239 210    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16.9 48.7 42.4 82.0 62.9    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.17 12.9 12.9 30.8 13.0    
balance sheet                                                                
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   80.2 97.9 289 274 387    
Customer Loans TRY mil                                                   1,469 2,017 2,668 3,365 3,963    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   416 504 681 881 740    
Total Assets TRY mil                                                   2,203 2,966 4,111 5,089 5,819    
Shareholders' Equity TRY mil                                                   338 367 540 754 743    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   104 133 219 139 224    
Customer Deposits TRY mil                                                   1,596 2,149 2,837 3,589 4,481    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   97.5 211 399 432 199    
ratios                                                                
ROE % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.14 3.65 2.84 4.76 1.74    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.171 0.498 0.364 0.669 0.239    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.16 3.81 3.19 3.42 2.70    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   82.0 66.9 72.7 65.8 70.0    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   17.5 15.2 15.9 18.5 15.6    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.36 4.31 3.05 3.80 3.03    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   66.3 75.8 69.4 73.0 78.7    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   18.3 15.0 12.8 11.3 12.0    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   49.7 52.9 48.6 44.0 52.6    
Equity (As % Of Assets) %                                                   15.3 12.4 13.1 14.8 12.8    
Loans (As % Of Deposits) %                                                   92.0 93.8 94.0 93.8 88.4    
Loans (As % Assets) %                                                   66.7 68.0 64.9 66.1 68.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.64 3.35 2.61 2.81 5.97    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   40.7 51.7 52.1 46.7 32.0    
valuation                                                                
Book Value Per Share Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 20.8 78.5 -3.27 62.1 -5.46    
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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   152 267 251 425 459    
Interest Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   89.4 156 143 251 293    
Net Interest Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   62.5 111 108 175 165    
Net Fee Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   17.2 22.1 19.9 27.1 25.2    
Other Income TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   14.5 13.5 27.6 37.6 19.7    
Total Revenues TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   94.1 147 155 239 210    
Staff Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   38.4 52.0 54.9 69.2 77.3    
Operating Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   77.2 98.4 113 157 147    
Operating Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16.9 48.7 42.4 82.0 62.9    
Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   11.9 30.6 24.4 43.2 45.1    
Extra and Other Cost TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   < -0.001 < 0.001 0 0 < 0.001    
Pre-Tax Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   5.00 18.1 18.0 38.8 17.8    
Tax TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.83 5.22 5.13 8.01 4.79    
Net Profit TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.17 12.9 12.9 30.8 13.0    
growth rates                                                                
Net Interest Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 20.8 78.5 -3.27 62.1 -5.46    
Net Fee Income Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 6.53 28.3 -9.65 35.8 -6.94    
Total Revenue Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -10.3 56.2 5.66 54.1 -12.3    
Operating Cost Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -7.91 27.4 14.8 39.4 -6.56    
Operating Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 -19.8 188 -12.9 93.3 -23.3    
Pre-Tax Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 14.1 262 -0.390 115 -54.0    
Net Profit Growth % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                 31.2 306 0.153 139 -57.6    
market share                                                                
Market Share in Revenues % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.161 0.202 0.193 0.269 0.212   ...
Market Share in Net Profit % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...         ...         0.017 0.057 0.055 0.126 0.051   ...
Market Share in Employees %                                                   0.273 0.282 0.271 0.319 0.329    
Market Share in Branches %                                                   0.275 0.264 0.245 0.294 0.304    
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 ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   200 292 394 479 613    
Interbank Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   80.2 97.9 289 274 387    
Customer Loans TRY mil                                                   1,469 2,017 2,668 3,365 3,963    
Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   416 504 681 881 740    
Fixed Assets TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   12.9 12.5 57.2 66.5 58.0    
Total Assets TRY mil                                                   2,203 2,966 4,111 5,089 5,819    
Shareholders' Equity TRY mil                                                   338 367 540 754 743    
Liabilities TRY mil                                                   1,865 2,600 3,571 4,335 5,076    
Interbank Borrowing TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   104 133 219 139 224    
Customer Deposits TRY mil                                                   1,596 2,149 2,837 3,589 4,481    
Issued Debt Securities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   97.5 211 399 432 199    
Other Liabilities TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   67.7 107 117 175 171    
asset quality                                                                
Non-Performing Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   39.2 68.8 70.5 96.0 241    
Gross Loans TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1,485 2,053 2,705 3,410 4,041    
Total Provisions TRY mil ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   16.0 35.6 36.7 44.8 77.2    
growth rates                                                                
Customer Loan Growth % ...                                                 46.4 37.3 32.3 26.1 17.8    
Total Asset Growth % ...                                                 45.9 34.6 38.6 23.8 14.3    
Shareholders' Equity Growth % ...                                                 54.2 8.44 47.2 39.6 -1.45    
Customer Deposit Growth % ...                                                 39.6 34.7 32.0 26.5 24.9    
market share                                                                
Market Share in Customer Loans %                                                   0.231 0.275 0.275 0.293 0.287    
Market Share in Total Assets %                                                   0.190 0.229 0.251 0.269 0.260    
Market Share in Customer Deposits %                                                   0.243 0.296 0.317 0.360 0.383    
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 % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.14 3.65 2.84 4.76 1.74    
ROA % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.171 0.498 0.364 0.669 0.239    
Costs (As % Of Assets) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   4.16 3.81 3.19 3.42 2.70    
Costs (As % Of Income) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   82.0 66.9 72.7 65.8 70.0    
Capital Adequacy Ratio % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   17.5 15.2 15.9 18.5 15.6    
Net Interest Margin % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3.36 4.31 3.05 3.80 3.03    
Interest Spread % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.51 3.36 2.45 2.91 2.17    
Asset Yield % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   8.18 10.3 7.10 9.25 8.41    
Cost Of Liabilities % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   5.67 6.97 4.65 6.34 6.24    
Interest Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   66.3 75.8 69.4 73.0 78.7    
Fee Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   18.3 15.0 12.8 11.3 12.0    
Other Income (As % Of Revenues) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   15.4 9.20 17.8 15.7 9.36    
Cost Per Employee USD per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   3,836 4,595 4,487 4,012 3,711    
Cost Per Employee (Local Currency) TRY per month ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   6,446 8,271 8,555 8,999 9,736    
Staff Cost (As % Of Total Cost) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   49.7 52.9 48.6 44.0 52.6    
Equity (As % Of Assets) %                                                   15.3 12.4 13.1 14.8 12.8    
Loans (As % Of Deposits) %                                                   92.0 93.8 94.0 93.8 88.4    
Loans (As % Assets) %                                                   66.7 68.0 64.9 66.1 68.1    
NPLs (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   2.64 3.35 2.61 2.81 5.97    
Provisions (As % Of NPLs) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   40.7 51.7 52.1 46.7 32.0    
Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   1.09 1.76 1.38 1.33 1.95    
Cost of Provisions (As % Of Loans) % ... ... ... ... ... ... ... ... ... ... ... ... ... ... ... ...                   0.965 1.76 1.04 1.43 1.23    
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                                                   27.0 27.0 27.0 33.0 34.0    
Employees                                                   496 524 535 641 662    

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Turkland Bank's npls (as % of loans) rose 76.9% to 11.4% in 2017

By Helgi Library - June 30, 2018

Turkland Bank's non-performing loans reached 11.4% of total loans at the end of 2017, up from 6.46% compared to the previous year. Historically, the NPL ratio hit an all time high of 14.7% in 2002 and an all time low of 2.02% in 2006. Provision coverage amo...

Turkland Bank's customer deposits fell 13.8% to TRY 3,506 mil in 2017

By Helgi Library - December 12, 2019

Turkland Bank's customer deposits reached TRY 3,506 mil in 2017, down 13.8% 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. Turkland Bank accounted for 0.2...

Turkland Bank's customer deposits fell 13.8% to TRY 3,506 mil in 2017

By Helgi Library - December 12, 2019

Turkland Bank's customer deposits reached TRY 3,506 mil in 2017, down 13.8% 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. Turkland Bank accounted for 0.2...

Turkland Bank's customer loans fell 19.4% to TRY 2,927 mil in 2017

By Helgi Library - December 12, 2019

Turkland Bank's customer loans reached TRY 2,927 mil in 2017, down 19.4% 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. Turkland Bank accounted for 0.149% of...

Turkland Bank's customer loans fell 19.4% to TRY 2,927 mil in 2017

By Helgi Library - December 12, 2019

Turkland Bank's customer loans reached TRY 2,927 mil in 2017, down 19.4% 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. Turkland Bank accounted for 0.149% of...

Turkland Bank's employees fell 14.0% to 523 in 2017

By Helgi Library - June 30, 2018

Turkland Bank employed 523 persons in 2017, down 14.0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 662 persons in 2015 and an all time low of 179 in 2002. Average cost reached USD 4,045 per month per employee, ...

Turkland Bank's employees fell 14.0% to 523 in 2017

By Helgi Library - June 30, 2018

Turkland Bank employed 523 persons in 2017, down 14.0% when compared to the previous year. Historically, the bank's workforce hit an all time high of 662 persons in 2015 and an all time low of 179 in 2002. Average cost reached USD 4,045 per month per employee, ...

Turkland Bank's net interest margin fell 11.2% to 2.67% in 2017

By Helgi Library - June 30, 2018

Turkland Bank's net interest margin amounted to 2.67% in 2017, down from 3.01% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.7% in 2002 and an all time low of 2.53% in 2006. The average margin...

Turkland Bank's net interest margin fell 11.2% to 2.67% in 2017

By Helgi Library - June 30, 2018

Turkland Bank's net interest margin amounted to 2.67% in 2017, down from 3.01% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.7% in 2002 and an all time low of 2.53% in 2006. The average margin...

Turkland Bank's net interest income fell 18.3% to TRY 142 mil in 2017

By Helgi Library - June 30, 2018

Turkland Bank generated total banking revenues of TRY 233 mil in 2017, down 4.76% 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 244 mil in 2016 and an a...

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Finance

Turkland Bank has been growing its revenues and asset by 18.4% and 22.6% a year on average in the last 10 years. Its loans and deposits have grown by 21.5% and 26.6% a year during that time and loans to deposits ratio reached 83.5% at the end of 2017. The company achieved an average return on equity of 1.32% in the last decade with net profit growing % a year on average. In terms of operating efficiency, its cost to income ratio reached 82.2% in 2017, compared to 74.9% average in the last decade.

Equity represented 14.7% of total assets or 24.6% of loans at the end of 2017. Turkland Bank's non-performing loans were 11.4% of total loans while provisions covered some 43.3% of NPLs at the end of 2017.