Dec 31, 2010 ... *Net Leasing Recivables included. SME; 37%. Corporate;. 43%. Credit. Cards; 7
%. Consumer;. 11%. Leasing;. 2%. Loans. Up to 1. Month; 25%.
Investor Presentation TR GAAP Solo Figures Q3 2011
Agenda
• Capital and liability risk management • Loan book and asset risk management • 2011 agenda and outlook
2
Balance Sheet Composition Assets Consumer; 11%
Cash and banks
18%
Leasing; 2%
Loans
18% Credit Cards; 7%
SME; 37%
Cash loans* 76%
77%
6%
5%
Other
31/12/2010
Corporate; 43%
30/09/2011
Liabilities and Shareholders' Equity
Deposits
Participation accounts (Profit/loss sharing accounts)
Up to 1 Month; 25% 63%
53% 1 Year+; 48%
Current accounts Wholesale funding Other Shareholders‘ equity
Up to 3 Months; 19%
16% 14% 4% 6% 13% 31/12/2010
9% 10% 12%
Up to 1 Year; 4%
Up to 6 Months; 4%
30/09/2011
*Net Leasing Recivables included
3
Selected financial ratios (%)
98
99
104
108
112
75
77
76
72
69
74
76
79
78
77
14
13
14
13
12
13,8
13,3
13,4
13,2
13,1
55
51
53
57
53
2,2**
2,0
1,9**
1,7**
1,6**
15,5**
14,4
13,3**
12,5**
11,8**
*Net Leasing Recivables included ** Income Statement items were calculated using Trailing Method
4
Solo financial performance in TL millions
Y-o-Y 17.212
Assets
29,99%
Cash Loans*
35,51%
Deposits
18,92%
15.616 14.513
14.506 13.256
13.241 11.444
12.179
11.167 9.988
11.878 11.060
9.782 8.917
9.227
11.048
11.282
9.576
9.427
Non-cash Loans
9.428
Shareholders' Equity 1.868
1.942
65,87
71,13
Q3 2010
Q4 2010
1.981 48,04 Q1 2011
5,73%
2.038
2.097
55,45
60,57
Q2 2011
Q3 2011
12,26%
Q-o-Q Net Income After Tax 9,23%
*Net Leasing Recivables included
5
Income statement highlights Selected financials, in TL thousands
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
295.049
310.392
288.300
303.408
342.436
-152.613
-140.637
-144.677
-153.853
-163.784
142.436
169.755
143.623
149.555
178.652
Net fees & commissions income
58.977
66.599
67.247
61.749
64.076
Net trading income
13.124
8.004
13.370
9.330
8.319
Other operating income
23.608
42.671
28.202
20.739
19.555
0
0
0
0
0
Total operating income
238.145
287.029
252.442
241.373
270.602
Provision for loan losses and other receivables
-26.888
-55.908
-60.793
-31.508
-50.358
-130.170
-146.253
-134.334
-137.624
-143.630
81.087
84.868
57.315
72.241
76.614
-15.220
-13.736
-9.277
-16.791
-16.044
65.867
71.132
48.038
55.450
60.570
Profit share income Profit share expenses Net profit share income
Dividend income
Other operating expenses Income/(loss) before tax Provision for taxes on income Net income after tax
6
Breakdown of expenses
Breakdown of revenues 287.029
270.602 252.442
238.145
Net profit share
241.373
59%
60%
57%
66%
62%
202.161
HR
195.127
193.988
169.132
Provision for loan losses & oth. receivables
157.058
31%
33%
37% 39%
40%
27% 31%
Net fees & commissions Dividend, trading & other
25%
23%
27%
26%
24%
15%
18%
16%
12%
10%
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
Advertisement Rent
17%
Other
30%
Q3 2010
4% 7%
6% 8%
3% 7%
30%
25%
28%
27%
Q4 2010
Q1 2011
6% 7%
Breakdown of fees & commissions 66.599
67.247 61.749
58.977
Non-cash related
50% 58%
51%
21% 23%
21%
Others
29%
16%
21%
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
Income ratios
64.076
Profit share expenses/profit share income 52 50%
61%
Credit cards
26% 19%
6% 6%
24%
23%
25%
27%
Q2 2011
Q3 2011
58
61
56 50
55 51
45
Other income/(other operating expenses+pro visions cost)
Q3 2010
Q4 2010
Q1 2011
Q2 2011
48
47
Q3 2011
7
NIM Adjusted NIM*
NIM 5,5%
5,7% 5,1%
4,7%
Q3 2010
Q4 2010
4,5%
4,6%
Q1 2011
Q2 2011
Q3 2011
5,3%
5,1%
Q3 2010
Q4 2010
Composition of IEAs FX
TL
32%
32%
4,9%
4,9%
Q1 2011
Q2 2011
Q3 2011
IBL
33%
34%
36%
FX
37%
37%
36%
37%
39%
TL
63%
63%
64%
63%
61%
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
68%
68%
67%
66%
64%
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
* Adjusted by Net Trading Income
8
Credit Cards & POS 1.705.167
1.758.741
1.793.502
1.801.782
1.812.560
1.514.079 1.399.138 1.329.191
1.298.384
1.259.864
Number of Credit Cards Transaction volume Credit Cards (in TL thousand)
Q3 2010 1.550.323
Q4 2010 1.576.986
Q1 2011 1.588.759
Q2 2011
Q3 2011 1.715.174
1.649.705
Number of POS business members POS Transaction volume (in TL thousand)
83.247
Q3 2010
84.696
Q4 2010
86.112
Q1 2011
84.582
Q2 2011
80.537
Q3 2011
9
Bank Asya has already exceeded 20 new branches target and aims to end 2011 with 201 branches
195
Number of branches
175 149
Number of personnel
4.074
4.266
4.396
3.806
158 3.300
118
2.365
92 62
2004
1.797
72 1.344
2005
2006
2007
2008
2009
2010
Q3 2011
2004
2005
2006
2007
2008
2009
2010
Q3 2011
10
Agenda
• Performance snapshot • Loan book and asset risk management
• 2011 agenda and outlook
11
CAR ratio requirement
8.0%
BRSA recommendation
12.0%
All capital is core tier I CAR is sustainable Growth supported by organic capital generation
12
Capital Adequacy Ratio
10.702
10.838
11.037
11.326
11.665
12.312
13.049
13.278
14.420
14.884
15.491
16.177
1.434
1.449
1.531
1.610
1.686
1.716
1.773
1.838
1.923
1.988
2.047
2.114
13,4%
13,4%
13,9%
14,2%
14,5%
13,9%
13,6%
13,8%
13,3%
13,4%
13,2%
13,1%
TL Millions
15%
14%
14,2%
14,5% 13,4% 13,9%
13,9%
13,6%
13,4%
13%
13,2%
13,1%
13,8%
13,4%
13,3%
CAR
12%
11%
10% Q4 2008
Q1 2009
Q2 2009
Q3 2009
Q4 2009
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
13
Deposit Growth
Total deposits in TL millions
TL deposits in TL millions -1%
+6% 11.167
FX deposits in TL millions +23%
11.878 7.662
Total currency composition of deposits 4.301
7.576 3.505
81%
68%
77% 82%
82%
TL
TL
69%
64%
FX
FX
31%
36%
80%
19%
Q4 10
32% 23%
Q3 11
18%
Q4 10
18%
Q3 11
20%
Q4 10
Q3 11
Q4 10
Q3 11
Participation Accounts (Profit/Loss Sharing Accounts) Current Accounts
14
Composition of the Deposits as of Q3 2011 Corporate Deposits (%) 70% 60%
72%
69% 50%
58%
40% 30%
42% 31%
28%
20% 10% 0%
Current Accounts
Participation Accounts (Profit/Loss Sharing Accounts)
Real Person
Total Deposits
Corporate
Q1 10
Q2 10
Q3 10
Q4 10
Q1 11
Q2 11
Q3 11
Current Accounts Participation Accounts (Profit/Loss Sharing Accounts) Total Deposits
15
Agenda
• Performance snapshot • Capital and liability risk management
• 2011 agenda and outlook
16
Cash loan book in TL millions
Cash Loans 13.256 12.179 11.060
11.444 36%
9.782
33% 32%
32%
31% FX/FX indexed TL
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
17
JEWELLERY LEATHER
MINING
PACKING
FLOORING
Cash Loans Excluding Consumer Loans
HOME EQUIPMENTS
WHITE AND BROWN GOODS AND ELECTRIC HOME EQUIPMENTS
SHIP BUILDING PAPER & STATIONARY
PRINTING & PUBLISHING
MACHINERY CONSTRUCTION CONTRACTORS
EDUCATION ELECTRONICS RECYCLING
CHEMICALS INDUSTRY
2
11
1 11
111
7%
READY-MIXED CONCRETE
1%
OTHER
1%
111 ENERGY
18
2 2
HEALTH
2 2 2 2 2
AUTOMATIVE
AGRICULTURE I.T.
9%
RESIDENTIAL CONSTRUCTION
GAS COGENERATION
6%
ELECTRICITY
2%
GAS DISTRIBUTION
2%
FUEL OIL STATION
1%
HYDRO-ELECTRIC STATION
1%
FUEL OIL DISTRIBUTION
1%
AUTO PRODUCER
1%
14
3
FOOD
READYMADE AND CONFECTION
3 3
GROCERY SHOPKEEPING
7 4
TOURISM
4 4
7 6
OTHER SERVICES
METAL
CONFECTIONARY
1%
DRY FOODS
1%
MEAT AND MEAT PRODUCTS
1%
FLOUR AND OTHER AGRICULTURES
1%
SUGAR FACTORIES
1%
ALIMENT DISTRIBUTORS
1%
GRAIN PRODUCTS
1%
TEXTILE OTHER
OTHER TRANSPORTATION
3%
DENIM
1%
COTTON THREAD
1%
COTTON FABRIC
1%
HOME TEXTILE
1%
18
Non-cash loan book in TL millions
Non-Cash Loans
8.917
Letter of guarantee
Letter of credit
7.840
939 138
9.227
8.093
997 137
9.576
8.292
1.137 147
9.427
8.126
9.428
8.081
1.160
1.189
141
157
Other Q3 2010
Q4 2010
Q1 2011
Q2 2011
Q3 2011
Q3 10
Q4 10
Q1 11
Q2 11
Q3 11
%
TL
4.499
4.219
4.156
4.148
3.987
42
FX
3.341
3.874
4.136
3.978
4.094
43
TL
1
1
3
2
3
0
FX
938
996
1.135
1.158
1.187
13
TL
8
7
7
8
14
0
FX
130
130
140
133
143
2
TL
4.508
4.227
4.106
4.158
4.004
43
FX
4.409
5.000
5.410
5.269
5.424
57
Total
19
AGRICULTURE
MINING
WHITE AND BROWN GOODS AND ELECTIRIC HOME EQUIPMENTS
FLOORING
READYMADE AND CONFECTION
Non-Cash Loans
HEALTH RECYCLING
I.T.
CHEMICALS INDUSTRY
CONSTRUCTION
ELECTRONICS
CONTRACTORS COMMUNICATION SERVICING MACHINERY
AUTOMOTIVE
2
FINANCIAL INSTITUTIONS
2
11
111
26%
RESIDENTIAL CONSTRUCTION
4%
OTHER
1%
111
2 3
FOOD ALIMENT DISTRIBUTORS
1%
GRAIN PRODUCTS
1%
CONFECTIONARY
1%
31
3 3 3
TOURISM
3 4
METAL
5
ENERGY
14
5
OTHER
5
7
TRANSPORTATION
TEXTILE COTTON THREAD CARPET-RUG
2% 1%
DENIM
1%
OTHER
1%
ELECTRICITY
3%
FUEL-OIL DISTRIBUTION
3%
AUTO PRODUCER
3%
GAS COGENERATION
2%
GAS DISTRIBUTION
1%
FUEL-OIL STATION HYDRO-ELECTRIC STATION
1% 1%
SERVICE
20
Credit Risk Profile (1/2) NPL to Cash Loans (%) 6,3
NPL to (Cash + Non-Cash Loans) (%)
6,5 5,5
5,3
5,0
4,9
3,8
3,5
59,4
72,9
2,6
2,6
2,6
69,8 70,1 67,9
2,1
2,1
2,0
3,6
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11
We continue to collect a good proportion of non-performing loans …(TL Millions)
… NPL coverage (%) 70,6
2,6
2,2
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11
65,7
2,6
4,8 3,9
59,7
2,8
2,7
On average collections ~ 66% of creation
65,3 64,5
245
57,7
190
NPL collection (Recovery)
141
112
93 71 7
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11
10
105
108
NPL creation (Formation)
135 96
112 75
89
85
31 0
88
77
91
84
68
Write offs 62
10 0
155
88
15
44
50
37
29
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11
21
Credit Risk Profile (2/2)
Restructured or Rescheduled Loans (in TL Thousands)
Restructured or Rescheduled Loans to Cash Loans (%)
965.802
939.785
9,4
886.019
863.093
9,3
875.948 8,2 7,3
705.093 680.734 6,3
623.971
7,2
7,1 6,7
6,2
6,5
580.509 460.478
2,5 175.387
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11 Q3 11
22
Equity Participation Portfolio Total Investment Amount/Total Equity: 9,10%
Işık Insurance
27%
Nil Tourism
Tuna REIT*
20%
Asyacard
Less than 0,1%
Tamweel Africa Holding S.A.
17%
Asyafin Insurance (Agency)
Less than 0,1%
Asya Pension and Life
31%
5%
Service Insurance
Tamweel Africa Holding S.A.
REIT
* Also our subsidiary, Nil Yönetim Hizmetleri Emlak Turizm San. ve Tic. A.Ş. has 46.45 % share of Tuna Gayrimenkul Yatırım Ortaklığı A.Ş.
23
Agenda
• Performance snapshot • Capital and liability risk management • Loan book and asset risk management
24
Our expectations for 2011 & what we have done
Management priorities were; • Efficient use of capital • Focus on collateralized SME loans and mortgage loans • Diversification of liabilities & assets
• 20% growth in cash loans • 15% growth in deposits • 20 new branches
End of Q3 financial results shows that;
Financial targets
• Cash Loans increased 19%, but CAR stayed at 13,1 • SME Loans growth 25% and Mortgage Loans growth %67 • Revenue Sharing Certificates to Assets ratio increased from 3,3% to 5,0% & Wholesale Funding to Liabilities ratio increased from 4,3% to 8,7% • Cash Loans growth 19% • Deposits growth 6% • Already reached 200 branches
25
Thank you! Disclaimer Statement The information and opinions contained in this document have been complied or arrived at by Asya Katılım Bankası A.Ş. 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 correctness. All opinions and estimates contained in this document constitute the Company’s judgment as of the date of this document and are subject to change without notice. The information contained in this document is published for the assistance of recipients, but is not to be relied upon authoritative or taken in substitution for the exercise of judgment by any recipient. The company does not accept any liability whatsoever for any direct or consequential loss arising from any use of this document or its content. This document is strictly confidential and may not be reproduced, distributed or published for any purpose. There materials contain statemens about future events and expectations that are forward-looking statements. Any statement in these materials that is not a statement of historical fact is a forward-looking statement that involves known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Except to the extent required by law, we assume no obligations or undertaking to update or revise any forward-looking statements contained herein to reflect actual results, changes in assumptions or changes in factors affecting these statements. As a result, you are cautioned not to place undue reliance on any forward-looking statements. The Bank, its advisers and each of their respective members, directors, officers and employees disclaim any liability in case projections and plans given in this document are not realised.
