Dec 31, 2010 ... accounts. Other. Liabilities and Shareholders' Equity. *Net Leasing Recivables
included. 31/12/2010. 31/03/2011. 14%. SME; 36%. Corparate;.
Investor Presentation TR GAAP Solo Figures Q1 2011
Agenda
• Capital and liability risk management • Loan book and asset risk management • 2011 agenda and outlook
2
Balance Sheet Composition Assets Consumer; 9% Cash and banks
Cash loans*
Other
18%
76%
6%
31/12/2010
16%
Credit Cards; 8%
Loans
Leasing; 1%
SME; 36%
79%
5%
Corparate; 46%
31/03/2011
Liabilities and Shareholders' Equity Participation accounts (Profit/loss sharing accounts)
Deposits Up to 1 Month; 25%
63%
64%
1 Year+; 42%
Current accounts Wholesale funding Other Shareholders‘ equity
14% 4% 6%
13% 4% 5%
13%
14%
31/12/2010
31/03/2011
Up to 3 Months; 22% Up to 1 Year; 5%
Up to 6 Months; 6%
*Net Leasing Recivables included
3
Selected financial ratios (%)
95
99
98
99
104
79
76
75
77
76
75
75
74
76
79
15
14
14
13
14
13,9
13,6
13,8
13,3
13,4
51
51
55
51
53
11
9
9
9
9
2,9**
2,5**
2,2**
2,0
1,9**
19,0**
16,7**
15,5**
14,4
13,3**
*Net Leasing Recivables included ** Income Statement items were calculated using Trailing Method
4
Solo financial performance in TL millions
14.513 12.916
11.060 9.825
9.988 9.782
1.737
8.853
1.800
59,24
63,73
Q1 2010
Q2 2010
21,98%
Cash Loans* Deposits
28,84% 18,08%
11.444
11.167
11.048
9.227
9.576
Non-cash Loans
9.722 9.005 8.882
Assets 13.241
11.892
9.357
Y-o-Y 14.506
8.917
1.868
65,87 Q3 2010
6,34%
1.942
1.981
71,13
48,04 Net Income After Tax -18,90%
Q4 2010
Shareholders' Equity
14,05%
Q1 2011
*Net Leasing Recivables included
5
Income statement highlights Selected financials, in TL thousands
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
296.461
305.028
295.049
310.392
288.300
-162.054
-158.088
-152.613
-140.637
-144.677
134.407
146.940
142.436
169.755
143.623
Net fees & commissions income
64.938
58.864
58.977
66.599
67.247
Net trading income
10.515
13.320
13.124
8.004
13.370
Other operating income
38.971
28.943
23.608
42.671
28.202
0
0
0
0
0
Total operating income
248.831
248.067
238.145
287.029
252.442
Provision for loan losses and other receivables
-45.259
-39.432
-26.888
-55.908
-60.793
-126.830
-127.034
-130.170
-146.253
-134.334
76.742
81.601
81.087
84.868
57.315
-17.507
-17.873
-15.220
-13.736
-9.277
59.235
63.728
65.867
71.132
48.038
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 HR Net profit share
54%
Net fees & commissions
26%
Dividend, trading & other
59%
24%
60%
25%
59%
Provision for loan losses & oth. receivables
57%
23%
27%
Advertisement Rent Other
20%
17%
15%
18%
16%
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Non-cash related
63%
61%
61%
58%
21%
Credit cards
21%
19%
22%
23%
18%
17%
16%
21%
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Others
33%
36%
40%
26%
24%
17%
3% 6%
5% 7%
6% 7%
6% 6%
29%
28%
30%
30%
25%
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Breakdown of fees & commissions
50%
31%
36%
27%
31% 4% 7%
Income ratios Profit share expenses/profit share income 55
66
61 52
61
58
52
56 50
45
Other operating income/(other operating expenses+pro visions cost)
29%
Q1 2011
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
7
NIM Adjusted NIM*
NIM 5,5% 5,1%
4,9%
Q1 2010
4,7%
Q2 2010
Q3 2010
5,1%
33%
30%
TL
67%
Q1 2010
4,9%
4,5%
Q4 2010
Q1 2011
Q1 2010
Q2 2010
Composition of IEAs FX
5,7%
5,5%
5,3%
Q3 2010
Q4 2010
Q1 2011
IBL
32%
32%
33%
70%
68%
68%
67%
Q2 2010
Q3 2010
Q4 2010
Q1 2011
FX
37%
35%
37%
37%
36%
TL
63%
65%
63%
63%
64%
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
* Adjusted by Net Trading Income
8
Credit Cards & POS 1.593.803
1.662.123
1.705.167
1.244.413
1.758.741
1.793.502
1.329.191
1.298.384
1.259.864
1.135.222 Number of Credit Cards Transaction volume Credit Cards (in TL thousand)
Q1 2010
Q2 2010
Q3 2010 1.550.323
Q4 2010
Q1 2011 1.588.759
1.576.986
1.456.638 1.290.668
Number of POS business members POS Transaction volume (in TL thousand)
73.618
Q1 2010
78.009
Q2 2010
83.247
Q3 2010
84.696
Q4 2010
86.112
Q1 2011
9
Bank Asya will continue its branch expansion during 2011
Number of branches
175 149
180
Number of personnel
4.074
4.266
4.231
3.806
158 3.300
118
2.365
92 62
2004
1.797
72 1.344
2005
2006
2007
2008
2009
2010
Q1 2011
2004
2005
2006
2007
2008
2009
2010
Q1 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
1.434
1.449
1.531
13,4%
13,4%
13,9%
11.665
12.312
13.049
13.278
14.420
14.884
1.610
1.686
1.716
1.773
1.838
1.923
1.988
14,2%
14,5%
13,9%
13,6%
13,8%
13,3%
13,4%
11.326
TL
Millions
15%
14%
14,2%
14,5% 13,4% 13,9%
13,9% 13%
13,4%
13,4%
Q4 2008
Q1 2009
13,6%
13,8% 13,3%
CAR
12%
11%
10% Q2 2009
Q3 2009
Q4 2009
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
13
Deposit Growth
Total deposits in TL millions
TL deposits in TL millions
11.048
7.662
+3%
7.431 3.504
81%
85% 80%
Q4 10
3.617
84% 82%
19%
Total currency composition of deposits
-3%
-1% 11.167
FX deposits in TL millions
16%
Q1 11
18%
Q4 10
15%
Q1 11
20%
Q4 10
TL
TL
69%
67%
FX
FX
31%
33%
82%
18%
Q1 11
Q4 10
Q1 11
Participation Accounts (Profit/Loss Sharing Accounts) Current Accounts
14
Composition of the Deposits as of Q1 2011
Corporate Deposits (%)
70% 60% 50%
75%
69% 40%
48% 52%
30%
27%
31%
20% 10% 0%
Current Accounts
Participation Total Deposits Accounts (Profit/Loss Sharing Accounts)
Q1 10
Q2 10
Real Person
Current Accounts
Corporate
Total Deposits
Q3 10
Q4 10
Q1 11
Participation Accounts (Profit/Loss Sharing Accounts)
15
Agenda
• Performance snapshot • Capital and liability risk management
• 2011 agenda and outlook
16
Cash loan book in TL millions
Cash Loans 11.060 9.722
11.444
9.782 32%
8.882
32% 31%
31%
27% FX/FX indexed TL
73%
69%
69%
Q1 2010
Q2 2010
Q3 2010
68%
68%
Q4 2010
Q1 2011
17
JEWELLERY
ELECTRONICS
LEATHER
MINING
PACKING
HOME EQUIPMENTS
WHITE AND BROWN GOODS AND ELECTRIC HOME EQUIPMENTS
FLOORING
PRINTING & PUBLISHING
SHIP BUILDING
EDUCATION
PAPER & STATIONARY
Cash Loans Excluding Consumer Loans
RECYCLING
CONSTRUCTION CONTRACTORS
10%
RESIDENTIAL CONSTRUCTION CHEMICALS INDUSTRY
HEALTH
MACHINERY
2
1 11
1
1 11
111
GROCERY SHOPKEEPING
1%
OTHER
1%
ENERGY
19
2 2 2 2
AGRICULTURE
READY-MIXED CONCRETE
111
2
AUTOMATIVE
7%
GAS COGENERATION
4%
ELECTRICITY
3%
GAS DISTRIBUTION
2%
FUEL OIL STATION HYDRO-ELECTRIC STATION
1% 1%
FUEL OIL DISTRIBUTION
1%
AUTO PRODUCER
1%
13
3 I.T.
3 READYMADE AND CONFECTION
4
FOOD
7
4
OTHER SERVICES
5
6 5
TOURISM
TRANSPORTATION
6
CONFECTIONARY
1%
DRY FOODS
1%
MEAT AND MEAT PRODUCTS
1%
FLOUR AND OTHER AGRICULTURES
1%
SOFT COMMODITIES
1%
ALIMENT DISTRIBUTORS
1%
GRAIN PRODUCTS
1%
TEXTILE OTHER METAL
DENIM
1%
COTTON THREAD
1%
COTTON FABRIC
1%
HOME TEXTILE
1%
OTHER
2%
18
Non-cash loan book in TL millions
Non-Cash Loans 9.576 9.005
7.596
8.853
7.527
8.917
9.227
Q1 10
7.840
8.093
8.292
Letter of guarantee
Letter of credit Other
1.260
1.162
939
997
1.137
149
164
138
137
147
Q1 2010
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 10
Q3 10
Q4 10
Q1 11
%
TL
4.052
4.034
4.499
4.219
4.156
43
FX
3.544
3.493
3.341
3.874
4.136
43
TL
1
1
1
1
3
0
FX
1.259
1.161
938
996
1.135
12
TL
9
10
8
7
7
0
FX
140
154
130
130
140
1
TL
4.062
4.045
4.508
4.227
4.166
44
FX
4.943
4.808
4.409
5.000
5.410
56
Total
19
AGRICULTURE
MINING
WHITE AND BROWN GOODS AND ELECTIRIC HOME EQUIPMENTS
FLOORING HEALTH
READYMADE AND CONFECTION
RECYCLING
Non-Cash Loans
ELECTRONICS COMMUNICATION SERVICING
CONSTRUCTION
I.T.
CONRACTORS CHEMICALS INDUSTRY MACHINERY
TOURISM
2
11 2 1
27%
RESIDENTIAL CONSTRUCTION
4%
OTHER
1%
1111
2 2
METAL
2
32
2 FINANCIAL INSTITUTIONS
3 3
AUTOMOTIVE
3 FOOD
3 ALIMENT DISTRIBUTORS
1%
GRAIN PRODUCTS
1%
CONFECTIONARY
1%
4 ENERGY
4
13 5 11
TRANSPORTATION OTHER
TEXTILE COTTON THREAD CARPET-RUG
2% 1%
COTTON FABRIC
1%
DENIM
1%
ELECTRICITY
4%
FUEL-OIL DISTRIBUTION
3%
GAS COGENERATION
2%
AUTO PRODUCER
1%
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
65,7
2,6
2,6
70,1
2,1
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
We continue to collect a good proportion of non-performing loans …(TL Millions) 190
69,8
2,6
3,8
… and stable NPL coverage (%) 72,9
2,6
2,2
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
70,6
2,6
4,8 3,9
59,7
2,8
2,7
67,9
On average collections ~ 68% of creation
65,3
59,4
141
112 93
NPL creation (Formation) 108
112 96 75
105 89
71
85
31 7
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11
Q1 09
10
Q2 09
Q3 09
135
NPL collection (Recovery) 10
0
0
Q4 09
Q1 10
Q2 10
77
88
91
84
68 15
Q3 10
50
44 Write offs Q4 10
Q1 11
21
Credit Risk Profile (2/2)
Restructured or Rescheduled Loans to Cash Loans (in TL Thousands)
Restructured or Rescheduled Loans to Cash Loans (%)
965.802
939.785
9,4
9,3
863.093 8,2 7,3 705.093
7,2
680.734
6,7
6,3
623.971
6,2
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
Q1 09
Q2 09
Q3 09
Q4 09
Q1 10
Q2 10
Q3 10
Q4 10
Q1 11
22
Equity Participation Portfolio Total Investment Amount/Total Equity: 9,04% Bank Asya Group
Financial Participations 68%
Non-Financial Participations 32%
Işık Insurance
29%
Nil Tourism
Tuna REIT*
22%
Asyacard
Less than 0,1%
Tamweel Africa Holding S.A.
17%
Asyafin Insurance (Agency)
Less than 0,1%
32%
Sectoral Breakdown Service Insurance 29%28%
35% 32% 13% 17%
24%
Tamweel Africa Holding S.A.
22%
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
Management priorities
• Using the capital efficiently • An active role on collateralized SME loans and mortgage loans • More diversified liabilities & assets • About 20% growth in cash loans • About 15% growth in deposits • 20 new branch
Financial targets
• ROAE ~13,0%
• 10% growth on net fee&commision income • Opex: lower single digit growth • NPL ~4,5%
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.
