Trk Ekonomi Bankasi A.S. February 2008 BNP PARIBAS JOINT VENTURE - - PowerPoint PPT Presentation

▶

Jan 21, 2023 150 likes •261 views

Trk Ekonomi Bankasi A.S. February 2008 BNP PARIBAS JOINT VENTURE TEB Financial Group of Companies TEB Investment TEB Leasing TEB Factoring 8 th largest brokerage 4.7% market share, 8 th largest 4 th largest factoring company and

SLIDE 1

Türk Ekonomi Bankasi A.S.

February 2008

SLIDE 2

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Growth through cross-selling

4th largest factoring company

in Turkey with a 7.9% market share in the sector as of 3Q07

8th largest brokerage

and investment house

f Turkey with 3,8%

market share as of YE07. TEB Asset Management TEB Investment TEB NV 4.7% market share, 8th largest leasing company in Turkey as of YE07

“Turkish specialist”

in the EU market, total asset size is EUR 723

mio. as of YE07

TEB Factoring TEB Leasing

Total AUM is EUR 600 mio.

and market share is % 3,93 as of YE07.

TEB Financial Group of Companies

SLIDE 3

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Coverage 50 cities with 273 branches

Expanding Branch Network

GDP coverage 90%

December 2007

SLIDE 4

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Non Performing Loans

Non-Performing Loans as a % of Total Loans

Source: CMB of Turkey announcements and BRSA Bank -Only Accounts

0.0% 0.2% 0.5% 0.6% 3.8% 2.5% 2.1% 1.3% 0.9% 1.1% 0.9% 1.8% 2.2% 2.4% 7.2% 10.7% 11.5% 6.0% 11.5% 16.5% 27.2% 4.9% 3.7% 3.6%

1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007

TEB Sector Average

Coverage ratio: 60 % Coverage (incl. general provisions) : 104%

SLIDE 5

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Consolidated BRSA B/S Highlights

Source: TEB, BRSA Consolidated Accounts

YTL Million Share Change Share Change

Assets Liabilities Cash & banks

21%

2,949 2,031

45%

Deposits

59%

8,184 6,726

22%

M.sec + repos

13%

1,829 1,589

15%

Repos

922 795

16%

Loans + Trade rec.

61%

8,526 6,371

34%

Funds Borrowed

17%

2,371 1,396

70%

Other Assets

449 189

138%

Other Liab.

1,106 453

144%

Fixed Assets

199 106

88%

Total Liabilities

90%

12,583 9,370

34%

Total Assets

100%

13,952 10,286

36%

Subordinated Loans

388 300

29%

Sh. Equity

Capital & Res.

834 493

69%

Income

147 123

20%

Total Sh. Equity

981 616

59%

Total Liab + Equity

100%

13,952 10,286

36%

Audited Audited Audited Audited 31.12.2007 31.12.2006 31.12.2007 31.12.2006

SLIDE 6

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Consolidated Balance Sheet Composition

Assets Liabilities

Source: TEB, BRSA Consolidated Accounts

61.9% 62.3% 61.9% 62.8% 61.1% 16.1% 14.0% 15.7% 13.1% 19.7% 20.0% 19.1% 21.8% 21.1% 11.6% 2.3% 3.6% 3.4% 3.8% 4.6% 31.12.2006 31.03.2007 30.06.2007 30.09.2007 31.12.2007 Loans Securities Other IEA's Non IEA's

IEA 96,4 IEA 96,6 IEA 96,2 IEA 97,7

IEA 95,4 54.2% 54.9% 54.5% 55.1% 47.4% 16.5% 16.2% 16.1% 19.8% 7.5% 7.2% 6.8% 6.6% 11.1% 9.8% 10.5% 9.7% 11.3% 4.7% 6.0% 6.1% 7.2% 7.9% 6.0% 5.9% 6.0% 5.7% 7.0% 20.5% 1.8% 31.12.2006 31.03.2007 30.06.2007 30.09.2007 31.12.2007 Time Deposits Funds Borrowed Repos Demand Deposits Other Shareholders' Equity IBL 78,3 IBL 77,4 IBL 78,2 IBL 73,8 IBL 77,4

SLIDE 7

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Consolidated BRSA Income Statement

Source: TEB, BRSA Consolidated Accounts

YTL Million Change

Interest Income 1,644.1 981.0

67.6%

Interest Expense

1,022.8
613.9

66.6%

FX Gains / (Losses), net

43.8

7.8

661.5%

Loan Loss and General Provisions

71.8
34.9

105.7%

Adjusted Net Interest Income 505.7 340.0

48.7%

Net Trading Income 22.9 30.5

24.9%

AUM 19.4 29.7

34.7%

Securities Trading 3.5 0.8

337.5%

Net Fees & Commissions Income 145.0 92.6

56.6%

Other operating income 35.1 23.2

51.3%

Non-interest Income 203.0 146.3

38.8%

Non-interest Expense

515.6
325.2

58.5%

Operating Profit 193.1 161.1

19.9%

Provision for Taxes on Income

46.0
37.8

21.7%

Net Income / (Loss) 147.1 123.3

19.3%

Audited Audited 31.12.2007 31.12.2006

SLIDE 8

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Profitability Ratios

NIM

4,88 3,87 5,34 5,39 5,09 4,89 2005 2006 1Q07 2Q07 3Q07 4Q07

ROAE

23,77% 22,03% 25,73% 22,50% 22,60% 18,40% 2005 2006 1Q07 2Q07 3Q07 4Q07

Cost/Income

61.00% 63.90% 63.50% 71.00% 71.00% 74.00% 2005 2006 1Q07 2Q07 3Q07 4Q07

SLIDE 9

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Ratios

CAR

13,00% 12,01% 12,51% 13,30% 13,76% 10,84% 12,30% 14,30% 13,60% 12,20% 13,99% 14,88% 2005 2006 1Q07 2Q07 3Q07 4Q07 Consolidated Bank-Only

Marketable Sec./Assets

17,10% 16,10% 13,90% 15,67% 11,60% 13,11% 2005 2006 1Q07 2Q07 3Q07 4Q07

Loans/Deposits

91,30% 94,72% 96,27% 95,18% 96,77% 104,20% 2005 2006 1Q07 2Q07 3Q07 4Q07

SLIDE 10

Türk Ekonomi Bankasi A.S.

BNP PARIBAS JOINT VENTURE

Disclaimer

The information and opinions obtained in this document have been compiled or arrived at by TEB from sources believed to be reliable, but no representation or warranty is made as to their accuracy, completeness or correctness. All opinions and estimates contained in this document constitute TEB’s judgement as of the date of this document and are subject to change without notice. This document is published for the assistance of the recipients, but is not to be relied upon as authoritative or taken in subtitution for the exercise of judgement by any recipient. TEB does not accept any liability for any direct or consequential loss arising from any use of this document or its contents. This document is strictly confidential and may not be reproduced, distributed or published for any purpose.