ICBC Turkey Bank Anonim Sirketi · BIST:ICBCT
ICBC Turkey Bank Anonim Sirketi — Tekstilbank — Q3 2009 Earnings Presentation
18 slides from ICBC Turkey Bank Anonim Sirketi's earnings presentation, Sep 30, 2009
Slide 1: Earnings Presentation
Earnings Presentation September 30, 2009 / BRSA Bank-Only 1
Slide 2: Focal points in 2009 and Highlights of Q3 2009
Focal points in 2009: Preserving capital Maintaining optimum liquidity Close cost monitoring and execution of structural cost reduction Highlights of Q3 2009: Loan / Deposit Loan growth in line with the sector in Q3 ratio coming 12% quarterly deposit growth, surpassing sector average of 5%
Slide 3: Asset size remained flat in Q309
Asset size remained flat in Q309... Composition of Assets Total Assets (TRY mn) CAGR 04-07: 35% 3,219 2,953 7.8% 8.1% 10.0% 1,981 10.9% 25.2% 13.9% 11.4% 10.7% 13.3% 30.09.2008 2008 30.09.2009 70.0% 65.4% Currency Composition of Assets 53.4% 37.5% 36.1% 35.8% FX 30.09.2008 2008 30.09.2009 64.2% 63.9
Slide 4: Selective lending strategy continued, loan growth in line with market
Selective lending strategy continued, yet, loan growth stood in line with market average in Q309... Total Cash Loans (TRY mn) TL Cash Loans (TRY mn) YtD: -18% YtD: -2% 2,253 1,393 1,576 1,295 882 866 Loans / Customer Deposits 136.9% 111.2% 30.09.2008 2008 30.09.2009 100.4% 30.09.2008 2008 30.09.2009
Slide 5: 12% quarterly deposit growth, surpassing market growth of 5%
12% quarterly deposit growth, surpassing market growth of 5% ... Composition of Liabilities Total Deposits* (TRY mn) TL Deposits* (TRY mn) & SHE YtD: -9% YtD: -28% 1,646 903 1,418 871 4% 3% 3% 1,290 625 14% 15% 24% 34% 31% 8% 30.09.2008 2008 30.09.2009 30.09.2008 2008 30.09.2009 65% FX Deposits* (US
Slide 6: Capital adequacy ratio stood at 22.2%
Capital adequacy ratio stood at 22.2%... Capital Adequacy Ratio (CAR) Free Equity (TRY mn) Free Equity / Equity 22.2% 65.8% 66.8% 17.9% 65.9% 13.2% 313.1 295.5 295.8 30.09.2008 2008 30.09.2009 30.09.2008 2008 30.09.2009 Free Equity: SHE-subsidiaries-property & equipment-intangible assets- property &
Slide 7: Increase in NPL ratio mainly due to shrinkage in loanbook
Increase in NPL ratio mainly due to the shrinkage in the loanbook... NPL Ratio NPL Ratio (including non-cash loans) Tekstilbank Market Average Tekstilbank Market Average 6.8% 5.3% 4.4% 3.1% 3.6% 4.0% 2.4% 2.7% 2.7% 3.3% 1.8% 2.0% 30.09.2008 2008 30.09.2009 30.09.2008 2008 30.09.2009 Source: BRSA Sou
Slide 8: Retail banking
Retail banking... Breakdown of Loan Portfolio Breakdown of Retail Loans (TRY mn) YtD: -18% 3% 250 243 2% 3% 9% 13% 13% 199 39 43 89% 36 89 77 84% 84% 65 27 23 13 100 85 95 30.09.2008 2008 30.09.2009 30.09.2008 2008 30.09.2009 Credit Cards Credit Cards General Purpose & Other Consumer Loans Retail Lo
Slide 9: Clean balance sheet
Clean balance sheet... Related party exposure has been historically below market average... Group Total Risk / Total Risk Tekstilbank Market Average* 2.0% 2.5% 2.2% 0.5% 1.0% 1.0% 30.09.2008 2008 30.09.2009 Cash + Non-cash risk Group Cash Loans / Cash Loans Group Non-Cash Loans / Non-Cash Loans Teks
Slide 10: Decline in non-cash loans parallel to cash loans
Decline in non-cash loans parallel to cash loans... Total Non-Cash Loans (TRY mn) TL Non-Cash Loans (TRY mn) Non-Cash / Cash Loans 1,256 567 1,003 748 452 369 30.09.2008 2008 30.09.2009 30.09.2008 2008 30.09.2009 63.6% 55.7% 57.8% Currency Breakdown of FX Non-Cash Loans (US$ mn) Non-Cash Loans TL FX
Slide 11: Interest Income & Expense
Interest Income & Expense... Interest Income (TRY mn) Composition of Interest Income 318 -38% 4% 6% Other 14% 196 12% 14 43 Securities 11 82% Loans 24 82% 260 161 9mth08 9mth09 9mth08 9mth09 Interest Expense (TRY mn) Composition of Interest Expense 224 -53% Other 0.1% 0.2% 0.28 9% 1% 105 Interbank 1
Slide 12: Pressure on margins in Q309 in line with the sector
Pressure on margins in Q309 in line with the sector... Banking Income (TRY mn) Adjusted Net Interest Margin* 133.4 132.1 8.7 9.8 6.8% 6.4% 19.1 14.3 5.9% 5.3% 5.3% 4.3% 4.6% 108.0 105.6 Q108 Q208 Q308 Q408 Q109 Q209 Q309 9mth08 9mth09 Adj.NII (by FX and trading gain / loss) Net Fees Other * Adjusted
Slide 13: Strict cost measures pays off
Strict cost measures pays off... Operating Expenses (TRY mn) Composition of Operating Expenses 93.0 -17% 77.5 24% 19.7 21% 7.3 1%8% 9% 0% 0.9 18.2 4% 4.1 6% 7.3 0.4 4.6 66% 61.0 61% 47.0 9mth08 9mth09 9mth08 9mth09 Personnel Depr.& Amort. Advertising Personnel Depr.& Amort. Advertising Operational L
Slide 14: Summary Balance Sheet
Summary Balance Sheet... TRY mn 30.09.2008 2008 30.09.2009 Cash & Banks 368 764 293 Total Securities 365 394 212 Total Cash Loans 2,253 1,576 1,295 Fixed Assets & Subsidiaries 125 124 108 Other 108 95 73 Total Assets 3,219 2,953 1,981 Deposits* 1,646 1,418 1,290 Interbank Money Market* 249 223 7 Bor
Slide 15: Summary Income Statement
Summary Income Statement... TRY mn 9mth08 9mth09 Interest Income 317.7 196.2 Loans 260.4 161.1 Securities 43.0 24.1 Other 14.3 11.0 Interest Expense 224.5 104.8 Deposits 137.1 86.1 Funds Borrowed 67.2 17.7 Interbank & Other 20.2 1.0 Net Interest Income 93.2 91.4 Net FX Gain (Loss)* 11.8 9.2 Adj. Net
Slide 16: Summary Income Statement (Consolidated)
Summary Income Statement (Consolidated)... TRY mn 9mth08 9mth09 Interest Income 327.5 198.4 Loans 270.2 163.0 Securities 43.1 24.4 Other 14.2 11.0 Interest Expense 234.5 106.6 Deposits 161.6 88.6 Funds Borrowed 52.7 17.0 Interbank & Other 20.2 1.0 Net Interest Income 93.0 91.8 Net FX Gain (Loss)* 10
Slide 17: Disclaimer
Disclaimer Statement The information, opinions and estimates contained in this document have been compiled or arrived at by Tekstilbank from sources believed to be reliable and in good faith, but no representation or warranty, expressed or implied, is made as to their accuracy, completeness or corre
Slide 18: For further information please contact
For further information please contact: Aslı Su Head of Investor Relations [email protected] Phone: +90-212-335-5410 [email protected] www.tekstilbank.com.tr 18