Dec 31, 2010 ... *Net Leasing Recivables included. SME; 37%. Corporate;. 44%. Credit. Cards; 7
%. Consumer;. 11%. Leasing;. 1%. Loans. Up to 1. Month; 26%.
Investor Presentation TR GAAP Solo Figures Q2 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%
Loans
Leasing; 1%
16% Credit Cards; 7%
SME; 37%
Cash loans* 76%
78%
6%
6%
Other
31/12/2010
Corporate; 44%
30/06/2011
Liabilities and Shareholders' Equity
Deposits
Participation accounts (Profit/loss sharing accounts)
Up to 1 Month; 26% 63%
59%
1 Year+; 44%
Current accounts Wholesale funding Other Shareholders‘ equity
14% 4% 6% 13% 31/12/2010
Up to 3 Months; 20%
13% 7% 8% 13%
Up to 1 Year; 5%
Up to 6 Months; 5%
30/06/2011
*Net Leasing Recivables included
3
Selected financial ratios (%)
99
98
99
104
108
76
75
77
76
72
75
74
76
79
78
14
14
13
14
13
13,6
13,8
13,3
13,4
13,2
51
55
51
53
57
2,5**
2,2**
2,0
1,9**
1,7**
16,7**
15,5**
14,4
13,3**
12,5**
*Net Leasing Recivables included ** Income Statement items were calculated using Trailing Method
4
Solo financial performance in TL millions
Y-o-Y 15.616 14.513 12.916
14.506
11.167
9.722 8.853
20,91%
Cash Loans*
25,28%
Deposits
14,84%
13.241 12.179
9.825
Assets
11.444
9.988 11.060
Non-cash Loans
9.782 8.917
11.048
11.282
9.227
9.576
Shareholders' Equity 1.800
1.868
63,73
65,87
Q2 2010
Q3 2010
1.942 71,13 Q4 2010
6,48%
9.427
1.981
2.038
48,04
55,45
Q1 2011
Q2 2011
13,20%
Q-o-Q Net Income After Tax 15,42%
*Net Leasing Recivables included
5
Income statement highlights Selected financials, in TL thousands
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
305.028
295.049
310.392
288.300
303.408
-158.088
-152.613
-140.637
-144.677
-153.853
146.940
142.436
169.755
143.623
149.555
Net fees & commissions income
58.864
58.977
66.599
67.247
61.749
Net trading income
13.320
13.124
8.004
13.370
9.330
Other operating income
28.943
23.608
42.671
28.202
20.739
0
0
0
0
0
Total operating income
248.067
238.145
287.029
252.442
241.373
Provision for loan losses and other receivables
-39.432
-26.888
-55.908
-60.793
-31.508
-127.034
-130.170
-146.253
-134.334
-137.624
81.601
81.087
84.868
57.315
72.241
-17.873
-15.220
-13.736
-9.277
-16.791
63.728
65.867
71.132
48.038
55.450
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
59%
60%
59%
57%
Provision for loan losses & oth. receivables
62%
Net fees & commissions 24%
Dividend, trading & other
25%
23%
27%
Advertisement Rent
26%
Other
17%
15%
18%
16%
12%
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Non-cash related
Credit cards
61%
61%
58%
51%
21%
24%
29%
25%
Q1 2011
Q2 2011
21%
22%
23%
17%
16%
21%
Q2 2010
Q3 2010
Q4 2010
Others
33%
40%
24%
17%
5% 7%
6% 7%
6% 6%
28%
30%
30%
25%
28%
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
Breakdown of fees & commissions
50%
31%
36%
27%
39%
31%
19% 6% 8%
4% 7%
Income ratios Profit share expenses/profit share income 52
61
58
61 52
56 50
55 51
45
Other operating income/(other operating expenses+pro visions cost)
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
7
NIM Adjusted NIM*
NIM 5,5% 5,1%
Q2 2010
4,7%
Q3 2010
Q4 2010
5,7%
5,5% 4,5%
4,6%
Q1 2011
Q2 2011
5,1%
Q2 2010
Q3 2010
Composition of IEAs FX
TL
30%
Q4 2010
4,9%
4,9%
Q1 2011
Q2 2011
IBL
32%
32%
33%
34%
70%
68%
68%
67%
66%
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
FX
35%
37%
37%
36%
37%
TL
65%
63%
63%
64%
63%
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
* Adjusted by Net Trading Income
8
Credit Cards & POS 1.662.123
1.705.167
1.758.741
1.793.502
1.801.782
1.399.138 1.244.413
1.329.191
1.298.384
1.259.864
Number of Credit Cards Transaction volume Credit Cards (in TL thousand)
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011 1.649.705
1.550.323
1.576.986
1.588.759
1.456.638
Number of POS business members POS Transaction volume (in TL thousand)
78.009
Q2 2010
83.247
Q3 2010
84.696
Q4 2010
86.112
Q1 2011
84.582
Q2 2011
9
Bank Asya will continue its branch expansion during 2011
186
Number of branches
175 149
Number of personnel
4.074
4.266
4.280
3.806
158 3.300
118
2.365
92 62
2004
1.797
72 1.344
2005
2006
2007
2008
2009
2010
Q2 2011
2004
2005
2006
2007
2008
2009
2010
Q2 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
1.434
1.449
1.531
1.610
1.686
1.716
1.773
1.838
1.923
1.988
2.047
13,4%
13,4%
13,9%
14,2%
14,5%
13,9%
13,6%
13,8%
13,3%
13,4%
13,2%
TL Millions
15%
14%
14,2%
14,5% 13,4% 13,9%
13,9%
13,6%
13,4%
13%
13,2%
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
13
Deposit Growth
Total deposits in TL millions
TL deposits in TL millions
FX deposits in TL millions
+1%
+1%
+1% 11.167
11.282
81%
82%
7.662
82%
19%
Q4 10
18%
Q2 11
18%
Q4 10
7.758
3.505
Total currency composition of deposits 3.524
83%
17%
Q2 11
80%
78%
20%
22%
Q4 10
Q2 11
TL
TL
69%
69%
FX
FX
31%
31%
Q4 10
Q2 11
Participation Accounts (Profit/Loss Sharing Accounts) Current Accounts
14
Composition of the Deposits as of Q2 2011 Corporate Deposits (%) 70% 60%
73%
68% 50% 40%
53% 47%
30%
32% 27%
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
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
12.179 11.060
9.722
33%
9.782 32%
31%
11.444
32%
31% FX/FX indexed TL
Q2 2010
Q3 2010
Q4 2010
Q1 2011
Q2 2011
17
JEWELLERY LEATHER
ELECTRONICS
PACKING
HOME EQUIPMENTS
WHITE AND BROWN GOODS AND ELECTRIC HOME EQUIPMENTS
FLOORING
PRINTING & PUBLISHING
SHIP BUILDING
EDUCATION
PAPER & STATIONARY
Cash Loans Excluding Consumer Loans
MINING
RECYCLING
CONSTRUCTION
MACHINERY
CONTRACTORS
CHEMICALS INDUSTRY
HEALTH AUTOMATIVE
2
1 11 1
1
1 11
111
6%
READY-MIXED CONCRETE
1%
OTHER
1%
111 17
ENERGY
2 AGRICULTURE
2 2 2
I.T.
9%
RESIDENTIAL CONSTRUCTION
13
GAS COGENERATION
5%
ELECTRICITY
3%
GAS DISTRIBUTION
1%
FUEL OIL STATION
1%
HYDRO-ELECTRIC STATION
1%
FUEL OIL DISTRIBUTION
1%
AUTO PRODUCER
1%
3 READYMADE AND CONFECTION
4 GROCERY SHOPKEEPING
FOOD
4
7 4
OTHER SERVICES
7
5 6
TOURISM
6
CONFECTIONARY
1%
DRY FOODS
1%
MEAT AND MEAT PRODUCTS
1%
FLOUR AND OTHER AGRICULTURES
1%
SUGAR FACTORIES
1%
ALIMENT DISTRIBUTORS
1%
GRAIN PRODUCTS
1%
METAL TEXTILE
TRANSPORTATION
OTHER
DENIM
1%
COTTON THREAD
1%
COTTON FABRIC
1%
HOME TEXTILE
1%
OTHER
3%
18
Non-cash loan book in TL millions
Non-Cash Loans
8.853
Letter of guarantee
7.527
8.917
7.840
9.227
8.093
9.576
8.292
9.427
8.126
Letter of credit Other
1.162 164 Q2 2010
939 138 Q3 2010
997 137 Q4 2010
1.137
1.160
147
141
Q1 2011
Q2 2011
Q2 10
Q3 10
Q4 10
Q1 11
Q2 11
%
TL
4.034
4.499
4.219
4.156
4.148
44
FX
3.493
3.341
3.874
4.136
3.978
42
TL
1
1
1
3
2
0
FX
1.161
938
996
1.135
1.158
12
TL
10
8
7
7
8
0
FX
154
130
130
140
133
2
TL
4.045
4.508
4.227
4.106
4.158
44
FX
4.808
4.409
5.000
5.410
5.269
56
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
CONRACTORS COMMUNICATION SERVICING MACHINERY
AUTOMOTIVE
2
FINANCIAL INSTITUTIONS
1 11
111
28%
RESIDENTIAL CONSTRUCTION
4%
OTHER
1%
111
2 2
FOOD
3
ALIMENT DISTRIBUTORS
1%
GRAIN PRODUCTS
1%
CONFECTIONARY
1%
33
3 3 4
TOURISM
4 METAL
4 ENERGY
5 OTHER
14 5 7
TRANSPORTATION
TEXTILE COTTON THREAD CARPET-RUG
1% 1%
DENIM
1%
OTHER
2%
ELECTRICITY
3%
FUEL-OIL DISTRIBUTION
3%
GAS COGENERATION
2%
AUTO PRODUCER
2%
GAS DISTRIBUTION
2%
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
65,7
2,6
2,6
70,1
67,9
2,1
2,0
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
We continue to collect a good proportion of non-performing loans …(TL Millions) 190
69,8
2,6
3,5
… 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 Q2 11
70,6
2,6
4,8 3,9
59,7
2,8
2,7
65,3
On average collections ~ 68% of creation
64,5
NPL creation (Formation)
59,4
141
112 93
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 11
77
88
89 31
10
112 96 75
105
71
7
108
135
85 NPL collection (Recovery) 10 0 0
84
68 15
44
88
91
50 62 29 Write offs
Q1 09 Q2 09 Q3 09 Q4 09 Q1 10 Q2 10 Q3 10 Q4 10 Q1 11 Q2 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
886.019
863.093
8,2 7,3 705.093
7,2
7,1
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
Q2 11
Q1 09
Q2 09
Q3 09
Q4 09
Q1 10
Q2 10
Q3 10
Q4 10
Q1 11
Q2 11
22
Equity Participation Portfolio Total Investment Amount/Total Equity: 9,04%
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%
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
Management priorities
Financial targets
• 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
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.
