DOCSLIB.ORG

Banks in Turkey 2018 Banks in Turkey 2018

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Banks in Turkey 2018 Banks in Turkey 2018 JUNE 2019 BANKS IN TURKEY 2018 BANKS IN TURKEY 2018 Publication No : 332 June 2019 ,661 SULQWHG ,661 RQOLQH ,6%1 SULQWHG ,6%1 RQOLQH &RS\ULJKW7KH%DQNV$VVRFLDWLRQRI7XUNH\ 3XEOLFDWLRQ1DPH %DQNVLQ7XUNH\ 3XEOLFDWLRQ7\SH /RFDO3HULRGLFDO 3XEOLFDWLRQ3HULRG $QQXDO 3XEOLFDWLRQ'DWH -XQH 2ZQHURIWKH3XEOLFDWLRQ 7KH%DQNV$VVRFLDWLRQRI7XUNH\ 0DQDJLQJ'LUHFWRU 'U(NUHP.HVNLQ $GGUHVV 1LVSHWL\H&DG$NPHUNH]%%ORN.DW(WLOHUøVWDQEXO 3KRQH )D[ (PDLO WEE#WEERUJWU 85/ ZZZWEERUJWUHQKRPH 3ULQWHGLQ *00DWEDDFÕOÕNYH7LFDUHW$ù $GGUHVV <ÕO0DK0$66ø7&DGGH1R%D÷FÕODUø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«««««««««««««««««««««««««««««««««« Y 0DLQ(FRQRPLF,QGLFDWRUV««««««««««««««««««««« YL (FRQRPLF'HYHORSPHQWVDQG%DQNLQJ6\VWHP««««««««««««« , *OREDO(FRQRP\«««««««««««««««««««««««««««« , 7XUNLVK(FRQRP\«««««««««««««««« , %DQNLQJ6HFWRU2YHUYLHZ«««««««««««««««««««««««« , 7KH%DQNV$VVRFLDWLRQRI7XUNH\DQG %DQNV2SHUDWLQJLQ7XUNH\««««««««««««««««««««««« ,, 7KH%DQNLQJ6\VWHPLQ7XUNH\««««««««««««««««««««««« ,, 'HSRVLW%DQNV««««««««««««««««««««««««« ,, 6WDWHRZQHG%DQNV««««««««««««««««««« ,, 3ULYDWHO\RZQHG%DQNV««««««««««««««« ,, %DQNV8QGHUWKH'HSRVLW,QVXUDQFH)XQG«««««««« ,, )RUHLJQ%DQNV«««««««««««««««««««« ,, 'HYHORSPHQWDQG,QYHVWPHQW%DQNV«««««««««««««««««««« ,, i 3DJH1R %DODQFH6KHHWVRIWKH%DQNV«««««««««««««««««««««« ,, 'HSRVLW%DQNV«««««««««««« ,, 6WDWHRZQHG%DQNV««««««««««««««« ,, 7UNL\H&XPKXUL\HWL=LUDDW%DQNDVÕ$ù««««««««««««««« ,, 7UNL\H+DON%DQNDVÕ$ù««««««««««««««««««««« ,, 7UNL\H9DNÕIODU%DQNDVÕ7$2««««««««««««««««««« ,, 3ULYDWHO\RZQHG%DQNV««««««««««««««««««««««««« ,, $GDEDQN$ù««««««««««««««««««««««««««« ,, $NEDQN7$ù««««««««««««««««««««««««««« ,, $QDGROXEDQN$ù««««««««««««««««««««««« ,, )LEDEDQND$ù««««««««««««««««««««««««««« ,, ùHNHUEDQN7$ù«««««««««««««««««««««««««« ,, 7XUNLVK%DQN$ù««««««««««««««««««««««««« ,, 7UN(NRQRPL%DQNDVÕ$ù««««««««««««««««««««« ,, 7UNL\Høú%DQNDVÕ$ù««««««««««««««««««««««« ,, <DSÕYH.UHGL%DQNDVÕ$ù«««««««««««««««««««««« ,, %DQNV8QGHUWKH'HSRVLW,QVXUDQFH)XQG««««« ,, %LUOHúLN)RQ%DQNDVÕ$ù«««««««««««««««««««««« ,, )RUHLJQ%DQNV«««««««««««««««««««««« ,, $OWHUQDWLIEDQN$ù«««««««««««««««««««««««« ,, $UDS7UN%DQNDVÕ$ù««««««««««««««««««««««« ,, %DQN0HOODW««««««««««««««««««««««««««« ,, %DQNRI&KLQD7XUNH\$ù««««««««««««««««««««« ,, %XUJDQ%DQN$ù««««««««««««««««««««««««« ,, &LWLEDQN$ù«««««««««««««««««««««««« ,, 'HQL]EDQN$ù«««««««««««««««««««««««««« ,, 'HXWVFKH%DQN$ù«««««««««««««««««««««««« ,, +DELE%DQN/LPLWHG«««««««««««««««««««««««« ,, +6%&%DQN$ù««««««««««««««««««««««««« ,, ,&%&7XUNH\%DQN$ù««««««««««««««««««««««« ,, ,1*%DQN$ù«««««««««««««««««««««««« ,, ,QWHVD6DQSDROR6S$««««««««««««««««««««« ,, -30RUJDQ&KDVH%DQN1$«««««««««««««««««««« ,, 08)*%DQN7XUNH\$ù«««««««««««««««««««««« ,, 2GHD%DQN$ù«««««««««««««««««««««««« ,, 41%)LQDQVEDQN$ù«««««««««««««««««««««««« ,, 5DEREDQN$ù«««««««««««««««««««««««« ,, 6RFLpWH*pQpUDOH 6$ ««««««««««««««««««««««« ,, 7XUNODQG%DQN$ù«««««««««««««««««««««««« ,, 7UNL\H*DUDQWL%DQNDVÕ$ù«««««««««««««««««««« ,, ii 3DJH1R 'HYHORSPHQWDQG,QYHVWPHQW%DQNV«««««««««««««««««« ,, $NWLI<DWÕUÕP%DQNDVÕ$ù««««««««««««««««««««« ,, %DQN3R]LWLI.UHGLYH.DONÕQPD%DQNDVÕ$ù«««««««««««««« ,, 'LOHU<DWÕUÕP%DQNDVÕ$ù«««««««««««««««««««««« ,, *6'<DWÕUÕP%DQNDVÕ$ù««««««««««««««««««««« ,, øOOHU%DQNDVÕ$ù«««««««««««««««««««««««« ,, øVWDQEXO7DNDVYH6DNODPD%DQNDVÕ$ù««««««««««««««« ,, 0HUULOO/\QFK<DWÕUÕP%DQN$ù ,, 1XURO<DWÕUÕP%DQNDVÕ$ù««««««««««««««««««««« ,, 3DVKD<DWÕUÕP%DQNDVÕ$ù«««««««««««««««««««« ,, 6WDQGDUG&KDUWHUHG<DWÕUÕP%DQNDVÕ7UN$ù«««««««««««« ,, 7UN([LPEDQN««««««««««««««««««««««««« ,, 7UNL\H.DONÕQPDYH<DWÕUÕP%DQNDVÕ$ù«««««««««««««« ,, 7UNL\H6ÕQDL.DONÕQPD%DQNDVÕ$ù«««««««««««««««« ,, $SSHQGL[«««« ,, 7DEOH 7XUNLVK%DQNV5DQNHGE\7RWDO$VVHWVDVRI'HFHPEHU ,, 7DEOH 1XPEHURI%UDQFKHVDQG(PSOR\HHVE\WKH%DQNVDQG*URXSV DVRI'HFHPEHU«««««««««««««««««««« ,, 7DEOH 3UHVHQWDWLRQRI$VVHWVDQG/LDELOLWLHV$FFRUGLQJWRWKHLU 2XWVWDQGLQJ0DWXULWLHVDVRI'HFHPEHU««««««««««« ,, 7DEOH ,QWHUHVW5DWH6HQVLWLYLW\RI$VVHWV/LDELOLWLHVDQG2II%DODQFH6KHHW ,WHPVEDVHGRQUHSULFLQJGDWHVDVRI'HFHPEHU««««««« ,, 7DEOH ,QIRUPDWLRQRQ&XUUHQF\5LVNDVRI'HFHPEHU«««««««« ,, 7DEOH 6DYLQJ'HSRVLWVDVRI'HFHPEHU««««««««««««« ,, 7DEOH 1XPEHURI'HSRVLW$FFRXQWVDVRI'HFHPEHU««««««« ,, 7DEOH 0DWXULW\6UXFWXUHRI'HSRVLWVDVRI'HFHPEHU«««« ,, 7DEOH &ODVVLILFDWLRQRI'HSRVLWVDVRI'HFHPEHU««««««« ,, 7DEOH 1XPEHURI'HSRVLW$FFRXQWVE\*HRJUDSKLFDO5HJLRQVDQG3URYLQFHV DVRI'HFHPEHU«««««««««««««««««««««« ,, 7DEOH 'HSRVLWVE\*HRJUDSKLFDO5HJLRQVDQG3URYLQFHV DVRI'HFHPEHU«««««««««««««««««««« ,, 7DEOH /RDQVE\*HRJUDSKLFDO5HJLRQVDQG3URYLQFHVDVRI'HFHPEHU« ,, 7DEOH &ODVVLILFDWLRQRI/RDQVDVRI'HFHPEHU««««««« ,, 7DEOH 6HFWRUDO5LVN&RQFHQWUDWLRQVRI1RQFDVK/RDQV DVRI'HFHPEHU«««««««««««««««««««« ,, 7DEOH &DSLWDO6WUXFWXUHE\*URXSVDVRI'HFHPEHU««««««««« ,, 7DEOH 6KDUHLQ*URXSDQG6KDUHLQ6HFWRUDVRI'HFHPEHU ,, 7DEOH %DQN(PSOR\HHVE\*HQGHUDQG(GXFDWLRQDVRI'HFHPEHU« ,, 7DEOH %DQN(PSOR\HHVE\*HRJUDSKLFDO5HJLRQVDQG3URYLQFHV DVRI'HFHPEHU«««««««««««««««««««« ,, 7DEOH 1XPEHURI$70326DQG0HUFKDQWVE\*HRJUDSKLFDO5HJLRQVDQG 3URYLQFHVDVRI'HFHPEHU««««««««««««««««« ,, 7DEOH (TXLW\3DUWLFLSDWLRQVDQG$IILOLDWHG&RPSDQLHVRI7XUNLVK%DQNV $EURDGDVRI'HFHPEHU«««««««««««««««««« ,, 7DEOH %UDQFKHVDQG5HSUHVHQWDWLYH2IILFHVRI7XUNLVK%DQNV$EURDG DVRI'HFHPEHU«««««««««««««««««««««« ,, 7DEOH 5HSUHVHQWDWLYH2IILFHVLQ7XUNH\DVRI'HFHPEHU««««««« ,, *ORVVDU\««««««« ,, iii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v 7KH7XUNLVK(FRQRP\ 0DLQ(FRQRPLF,QGLFDWRUV 8QLW *URZWK *'3 $JULFXOWXUH ,QGXVWU\ 6HUYLFHV 6HFWRUDOEUHDNGRZQ DWFXUUHQWSULFHV $JULFXOWXUH ,QGXVWU\ 6HUYLFHV *'3 86'ELOOLRQ *'3 7/ELOOLRQ 3RSXODWLRQ 0LOOLRQ ,QFRPHSHUFDSLWD ,Q86'WHUPV 6RXUFHXVH $VRI*'3 )L[HGFDSLWDOLQYHVWPHQWV 3XEOLF 3ULYDWH 7RWDOVDYLQJV 3XEOLF 3ULYDWH 6DYLQJVJDS 3XEOLF 3ULYDWH 7RWDOFRQVXPSWLRQ 3XEOLF 3ULYDWH *'3GHIODWRU (PSOR\PHQW 8QHPSOR\PHQW5DWH 3DUWLFLSDWLRQ5DWH 1RQDJULFXOWXUDOXQHPSOR\PHQWUDWH ,QIODWLRQ 7ZHOYHPRQWKFKJ 3URGXFHU &RQVXPHU 3XEOLFVHFWRUEDODQFHDVRI*'3 36%5 36%5 H[FOXGLQJLQWHUHVWSD\PHQWV 36%5 H[FøQWHUHVWSD\DQGSULYDWL]DWLRQ %XGJHWGHILFLW %XGJHWGHILFLW H[FOXGLQJLQWHUHVWSD\PHQWV 6((V 3XEOLFDGPLQLVWUDWLRQV )XQGV &HQWUDO*RYHUQPHQWEXGJHW 7/ELOOLRQ 5HYHQXHV ([SHQGLWXUHV ,QWHUHVWH[SHQGLWXUHV %XGJHWGHILFLW 3ULPDU\EDODQFH )LQDQFLQJ ([WHUQDOERUURZLQJ *ERQGV 6KRUWWHUPILQDQFLQJ 7ELOOV 2WKHU * Programme target ** 2015 data is before revision. *** Forecast for 2019 vi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rogramme target **Money in circulation+demand deposit (Fx included) *** M1+time deposit (Fx included) **** M2+repos+investment funds) vii 8QLW )LQDQFLDODVVHWV 7/ELOOLRQ 0RQHWDU\DVVHWV 7/ ); 6HFXULWLHV 6KDUHV %RQGVDQG%LOOV *RYHUQPHQW 3ULYDWH ,QYHVWPHQW)XQGV 7RWDO )RUHLJQWUDGH 86'ELOOLRQ ([SRUWV ,PSRUWV 7UDGHGHILFLW )RUHLJQWUDGHDVRI*'3 ([SRUWV ,PSRUWV 7UDGHGHILFLW %DODQFHRISD\PHQWV 86'ELOOLRQ 7UDGHEDODQFH ,QYLVLEOHEDODQFH &XUUHQWDFFRXQWEDODQFH &XUUHQWDFFRXQWEDODQFH*'3 &DSLWDOPRYHPHQWV 86'ELOOLRQ )RUHLJQGLUHFWLQYHVWPHQW 3RUWIROLRLQYHVWPHQW 2WKHULQYHVWPHQW 1HWHUURUVDQGRPPLVVLRQV
Load more

Recommended publications
  • TURKIYE VAKIFLAR BANKASI T.A.O 2016 Resolution Plan Public Section December 2016
    TURKIYE VAKIFLAR BANKASI T.A.O 2016 Resolution Plan Public Section December 2016 Table Of Contents Vakifbank---Public Information 2 Introduction 2 Description of Vakifbank 3 Executive Summary of the Resolution Plan 4 1. Names of Material Entities 4 2. Description of Core Business Lines 4 3. Summary financial information regarding assets, liabilities, capital and major funding sources 5 4. Description of Derivative and Hedging Activities 8 5. Memberships in Material Payment, Clearing and Settlement Systems 8 6. Description of Foreign Operations 9 7. Material Supervisory Authorities 9 8. Principal Officers 10 9. Corporate governance structure for Resolution Planning and Related Processes 12 10. Description of Material Management Information Systems 12 11. High-level description of resolution strategy including such items as the range of potential purchasers of the company, its material entities, core business lines and material changes to the 2015 Resolution Plan. 13 1 Vakifbank---Public Information Introduction Turkiye Vakiflar Bankasi T.A.O.(“Vakifbank”) is a foreign banking organization duly organized and existing under the laws of Turkey. In the United States, Vakifbank maintains a New York State licensed branch (the “New York Branch”). This is the public section of the plan for resolution (“Resolution Plan”) prepared by Vakifbank and required pursuant to the Dodd-Frank Wall Street Reform and Consumer Protection Act (the "Dodd-Frank Act") and regulations of the Federal Deposit Insurance Corporation ("FDIC") and the Board of Governors of the Federal Reserve System (the "Federal Reserve"). Section 165(d) of the Dodd Frank Act and the regulations state that any foreign bank or company that is, or is treated as, a bank holding company under section 8(a) of the International Banking Act of 1978 (the “IBA”) and that has $50 billion or more in total, global consolidated assets must submit annually to the Federal Reserve and the FDIC a plan for the rapid and orderly resolution of the bank’s U.S.
    [Show full text]
  • TÜRKİYE İŞ BANKASI A.Ş. U.S.$5,000,000,000 Global Medium
    TÜRKİYE İŞ BANKASI A.Ş. U.S.$5,000,000,000 Global Medium Term Note Program Under this U.S.$5,000,000,000 Global Medium Term Note Program (the "Program"), Türkiye İş Bankası A.Ş., a Turkish banking institution organized as a public joint stock company registered with the Istanbul Trade Registry under number 431112 (the "Bank" or the "Issuer"), may from time to time issue notes (the "Notes") denominated in any currency agreed between the Issuer and the relevant Dealer (as defined below). Notes may be issued in bearer or registered form (respectively "Bearer Notes" and "Registered Notes"). The maximum aggregate nominal amount of all Notes from time to time outstanding under the Program will not exceed U.S.$5,000,000,000 (or its equivalent in other currencies calculated as described in the Program Agreement described herein), subject to increase as described herein. The Notes may be issued on a continuing basis to: (a) one or more of the Dealers specified under "Overview of the Group and the Program" and any additional Dealer appointed under the Program from time to time by the Issuer (each a "Dealer" and together the "Dealers"), which appointment may be for a specific issue or on an ongoing basis, and/or (b) one or more investors purchasing Notes directly from the Issuer. References in this Base Prospectus to the "relevant Dealer" shall, in the case of an issue of Notes being (or intended to be) subscribed by more than one Dealer, be to all Dealers agreeing to subscribe such Notes. An investment in Notes issued under the Program involves certain risks.
    [Show full text]
  • Akbank ESG Presentation 2Q21
    Our ESG World’s Best Bank in the Emerging Markets Journey EUROMONEY (2020) October 2021 ESG Strategy: Mitigate environmental footprint while increasing positive impact Sustainable Finance Ecosystems Management Responsible Products & Services ‣ ‣ Digitalization Impact Investing ‣ ‣ Financial Inclusion To be the leading bank that drives Turkey into the future People & Community Climate Change Future of Work ‣ ‣ Operational Emissions Diversity & Inclusion ‣ ‣ Portfolio Impact Community Investment ‣ ‣ Portfolio Exposure Integrated Governance Financial Performance 2 Actionable targets for positive impact SUSTAINABLE TL 200 bn TL 15 bn AuM ECOSYSTEMS Extend digital & innovative FINANCE Sustainable loan Sustainable MANAGEMENT products & services financing until investment funds Supporting a more Enhancing businesses sustainable economy 2030 2030 & financial health Increase sustainable financing Increase number of financially secured by the bank until 2030 empowered people PEOPLE & Improve the Increase Social CLIMATE Become a carbon- Decrease impact of effectiveness of Return on neutral bank loan portfolio on COMMUNITY investment on our CHANGE Investments for through eliminating climate change Empowering our people people community Mitigating operational operational emission & portfolio until 2030 and communities investments emissions until 2025 impact Enhance the effectiveness of Akbank Mitigate climate-related risks & impact volunteerism in community investments on portfolio 3 Sustainability Governance Committee Members: Executive Board Member,
    [Show full text]
  • Investor Presentation
    Investor Presentation TAS Bank Only Results 2006 YE March, 2007 1 History Established in April 1954 under the special law “Türkiye Vakıflar Bankasi Türk Anonim Ortaklığı Kanunu” to manage cash derived from revenues and expenditures of charitable organisations set up during the Ottoman Empire period, conducting banking activities with branch offices in Ankara, Istanbul and Izmir In 1957, made its first venture towards broadening its sevices by establishing Güneş Insurance Company Over the next 20 years continued to expand its geographic presence in Turkey reaching 206 branches by 1977 Since the early 1990s, Vakifbank has increased the scope of its retail banking and diversified its loan portfolio by including equipment financing, enterprise loans, auto loans, mortgage loans, and credit cards. In 2000, Vakifbank began offering internet banking services Vakifbank is now a full service commercial and retail bank headquartered in Ankara, providing retail, commercial and investment banking services through a network of 311 branches, 116 satellite branches and five mobile branches, covering 81 Turkish cities Internationally, Vakifbank has subsidiaries in Austria (which operates a branch in Frankfurt and a branch in Köln) and the Turkish Republic of Northern Cyprus and two branches in New York and Bahrain. 2 Following successful IPO in November 2005, c. 25% of Vakifbank of is now listed Main Shareholders Ownership structure General Directorate of Foundations The GDF manages foundations owning 58.45% of the shares General in the Bank (43.0% in the form of Class A shares and 15.45% Free float Directorate in the form of Class B shares). The GDF was established in 25,18% of Foundations 1924 to administer and regulate existing and future Turkish 58,45% charitable foundations as a state entity directly reporting to the Prime Minister.
    [Show full text]
  • Turkey Edition 4 Yapi Kredi.En Size
    For SMEs, in addition to SME special packages, firsts in Turkey. In addition it offers exclusive solutions in the manufacturing, to consultancy in portfolio retail and tourism sectors. It has a very wide range management, it advices in of products in the Agricultural Banking field for the art buying, real estate, tax, SMEs. On the other hand, the bank has specially inheritance and philanthropy designed banking baskets for doctors, lawyers fields. and public notaries. Whereas “My Project” offers Yapı Kredi’s Alternative SMEs free consulting on whether they are eligible Distribution Channels for state support for their ideas and projects, the adopted the principle of exclusive “trio”, “Metro” and “Bizim Profesyonel creating value for both the Kart” gives the SMEs the benefit of purchasing customers and the bank goods supplies with advantageous conditions. in order to differentiate Yapı Kredi’s Corporate and Commercial Banking customer experience division also serves the national and international and maximize customer large companies currently shaping the economy of satisfaction within the Turkey and the world. To that respect, Yapı Kredi framework of its “Dedication Turkish financial sector. It is Market generates versatile and project-based solutions to deliver” mentality. Online Turkey’s first private-capital Turkey’s banking sector performed well during for all banking needs of its customers with a channels are the primary national bank, founding its the global financial crisis of 2008 and 2009. This wide foreign correspondent network, diverse investment areas among first branch in Bahçekapı in was made possible by strengthening the sector’s product range and well-trained human resources.
    [Show full text]
  • Collusion in the Turkish Banking Sector Dr
    96 INTERNATIONAL CONFERENCE ON EURASIAN ECONOMIES 2012 Collusion in the Turkish Banking Sector Dr. Resul Aydemir (Kadir Has University, Turkey) Abstract In this paper, I consider the Turkish Banking Industry, which is dominated by a few large banks. Using a conjectural variation approach, I estimate a structural model to examine the market conduct of the largest banks for the period 1988-2009. Estimation results suggest that the Turkish banks colluded in the loan market during the sample period where the average mark-up is estimated to be in the range of 44% to 86% depending on the empirical specification. This evidence demonstrates a conflict between market concentration and competition in the Turkish banking industry. Thus, regulatory agencies should be cautious against attempts to increase concentration in the banking industry. JEL codes: G21, L10 1 Introduction Recent global crisis has put the banking industry in various parts of the world on the spot light. Many US and European banks have severely affected by the financial crisis. Policy makers have offered solutions to rescue banking industry from this turmoil in Greece, Spain and Italy among other countries. Since the strength of national economies depend on healthy financial sector, which in turn largely comprised by the banking industry in many countries including Turkey, one needs to assess the competitiveness of the banking sector for effective macro-economic policy making. Due to major structural changes after 1999 and 2001 crisis, the Turkish banking industry has been successfully passing through the recent crisis. Some industry analysts and academics claim that the Turkish banking industry is competitive while also profitable.
    [Show full text]
  • Deniz Is Everywhere” Public Banking at Denizbank
    Contents Section I Introduction 1. DenizBank Financial Services Group 1. DenizBank’s Mission, Vision 2. Ordinary General Assembly Meeting Agenda 2. Dividend Distribution Proposal 3. Amendments to the Articles of Association 3. Changes in Shareholding Structure and Paid-in Capital 3. Shares Held by the Management 3. Ratings of DenizBank by International Rating Agencies 4. Compliance Opinion on the Annual Report 5. Financial Highlights 6. 2009 at a Glance 10. DenizBank in Brief 11. Dexia in Brief 12. Message from the Chairman 16. Message from the CEO 21. Banking Services 33. Investment Banking and Brokerage Services 36. Leasing and Factoring Services 37. Pension and Insurance Services 38. Information Technology Services 39. Cultural Services Section II Management and Corporate Governance 40. Board of Directors 44. Executive Management 47. Auditors 47. Committees 48. Summary Report of Board of Directors to the General Assembly 50. Human Resources 51. Training 51. Related Party Transactions 52. Support Services 52. Donations Made During the Year 53. Report on DenizBank’s Compliance with Corporate Governance Principles Section III Financial Information and Risk Management 64. Auditors’ Report for 2009 65. Assessments of the Audit Committee 66. Internal Audit, Internal Control, Compliance and Risk Management Systems 68. Risk Management Policies 69. Assessment of Financial Position 70. Five-year Summary Financial Highlights Section IV Independent Audit Reports, Financial Statements and Footnotes 73. Consolidated Financial Statements as of December
    [Show full text]
  • Banks in Turkey 2019
    MAY 2020 9 BANKS IN TURKEY 2019 THE BANKS ASSOCIATION OF TURKEY Nispetiye Caddesi Akmerkez B3 Blok Kat 13 Etiler 34340 ‹stanbul Phone: +90 212 282 09 73 Fax: +90 212 282 09 46 E-mail: [email protected] www.tbb.org.tr BANKS IN TURKEY 201 MAY 2020 BANKS IN TURKEY 2019 Publication No : 337 May 2020 ISBN 978-605-7642-12-7 (Electronic) Copyright © The Banks Association of Turkey, 2020 Publication Name : Banks in Turkey Publication Type : Local Periodical Publication Period : Annual Publication Date : May 2020 Owner of the Publication : The Banks Association of Turkey Managing Director : Dr. Ekrem Keskin Address : Nispetiye Cad. Akmerkez, B3 Blok Kat 13, Etiler, 34340 İstanbul Phone : +90-212-282 09 73 Fax : +90-212-282 09 46 E-mail : [email protected] URL : www.tbb.org.tr/en/home All rights reserved. No part of this report may be reproduced or transmitted, in any form or by any means, electronic, photocopying or otherwise, without the prior written permission of the Banks Association of Turkey. Whilst every effort has been made to ensure that the information contained in this book is correct, the Banks Association of Turkey does not assume any responsibility for any errors or omissions or for any consequences resulting therefrom. This book is prepared from the year-end audited and non-consolidated "The Common Data Set" of deposit banks and development and investment banks, that are prepared in accordance with BRSA's related Communique of "Financial Statements and Related Explanation and Footnotes of Banks That is Disclosed to the Public".
    [Show full text]
  • Integrated Annual Review 2020
    INTEGRATED ANNUAL REVIEW 2020 'The Meaning We Attach Please scan the QR to access the online report. to Words...' INTEGRATED ANNUAL REVIEW 2020 Content available on the website to watch, listen and read. Texts are linked to related website when clicked. Texts are linked to related pages in the report when clicked. Number of words used in the section Reading time of the section 'The Meaning Number of pages of the section We Attach The most used word in the section to Words...' in the banking sector to date. With our SUSTAINABILITY initiatives, we truly live up to this concept; we shape sustainability with our Contents Foreword commitment to create a robust and successful business model for the future by sharing long-lasting values with our stakeholders. 'THE MEANING WE ATTACH TO WORDS...' We feel responsible, primarily, for the world we live in, for our Finance and banking are associated first and foremost with environment, our employees, our customers, and most of all, for numbers, figures and ratios. Performance and goals are expressed our own operations. We act with this sense of RESPONSIBILITY 3 Foreword 92 OUR 2020 MATERIAL ISSUE: COVID-19 in numbers; so are current position and status. Yes, the finance at all times. According to us, AGILITY, taking action swiftly, being 4 About the Report sector likes numbers, because things that are quantifiable have dynamic and effective in the digitalizing order that races against 2020 PERFORMANCE IN STRATEGIC PRIORITIES priority and talking about measurement means talking about time, leading innovation while empowering our employees, flexibility INTRODUCTION AND OUTLOOK numbers since those that are not measured cannot be improved.
    [Show full text]
  • Işbank Ag Annual Report 2019 Contents
    İŞBANK AG ANNUAL REPORT 2019 CONTENTS 2 KEY FIGURES 6 TÜRKİYE İŞ BANKASI A.Ş. AT A GLANCE 8 MESSAGE FROM THE CHAIRMAN OF SUPERVISORY BOARD 10 REPORT OF THE SUPERVISORY BOARD 12 MANAGEMENT 14 MESSAGE FROM THE CEO OF MANAGING BOARD 16 MANAGEMENT REPORT FOR THE FINANCIAL YEAR 2019 40 SERVICES AT A GLANCE 41 FINANCIAL STATEMENTS AS AT AND FOR THE YEAR ENDED DECEMBER 31, 2019 WITH INDEPENDENT AUDITOR’S REPORT THEREON 42 BALANCE SHEET AS OF DECEMBER 31, 2019 44 STATEMENT OF INCOME FOR THE YEAR ENDED DECEMBER 31, 2019 45 NOTES TO THE ANNUAL FINANCIAL STATEMENTS FOR FINANCIAL YEAR 2019 52 REPRODUCTION OF THE AUDITOR’S REPORT 56 OFFICES İŞBANK AG ANNUAL REPORT 2019 1 KEY FIGURES THE OUTSTANDING FINANCIAL PERFORMANCE İŞBANK AG ACHIEVED IN 2019 WAS A RESULT OF ITS SUCCESSFUL STRATEGIES. (EUR thousand) December 31, 2018 December 31, 2019 Change (%) Total assets 1,805,038 1,806,789 0.10 Capital and reserves 200,504 210,564 5.02 Tangible assets 1,422 1,078 -24.24 Cash funds 143,831 247,740 72.24 Bonds and securities 135,229 110,539 -18.26 Due from banks 365,869 381,294 4.22 Due from customers 1,133,526 1,046,191 -7.70 Due to banks 357,100 298,207 -16.49 Due to customers 1,236,347 1,291,365 4.45 Risk-weighted assets 1,429,895 1,451,864 1.54 Interest income 58,650 59,800 1.96 Commission income 8,816 8,278 -6.10 Net income for the year 8,243 10,060 22.05 (%) Equity ratio 12.46 12.96 Return on assets before taxes (§26a Abs.1 Satz 4 KWG) 0.67 0.82 Return on assets after taxes (§26a Abs.1 Satz 4 KWG) 0.46 0.56 İŞBANK AG 2 ANNUAL REPORT 2019 CAPITAL AND RESERVES TOTAL ASSETS 5.0% IN EUR THOUSAND IN EUR THOUSAND 1,806,789 210,564 1,805,038 IN 2019 İŞBANK AG’S CAPITAL 200,504 1,706,666 AND RESERVES INCREASED BY 177,262 1,400,070 5.0% YEAR-ON-YEAR.
    [Show full text]
  • Fitch Downgrades 14 Turkish Banks; Outlook Negative
    7/22/2019 [ Press Release ] Fitch Downgrades 14 Turkish Banks; Outlook Negative Fitch Downgrades 14 Turkish Banks; Outlook Negative Link to Fitch Ratings' Report(s): Fitch Downgrades 14 Turkish Banks; Outlook Negative Fitch Ratings-London-19 July 2019: Fitch Ratings has downgraded the support-driven Long-Term Foreign Currency Issuer Default Ratings (LTFC IDRs) of 12 foreign-owned Turkish banks and their subsidiaries, and two state-owned development banks, Turkiye Ihracat Kredi Bankasi A.S. (Turk Eximbank) and Turkiye Kalkinma Bankasi A.S. (TKYB). The agency has also downgraded the Long-Term Local Currency IDRs of 22 banks and their subsidiaries. The Outlooks on all banks' Long-Term IDRs are Negative. Viability Ratings (VRs) are not affected as a result of these rating actions. A full list of rating actions is available at www.fitchratings.com or via the link above. The rating actions follow the downgrade of Turkey's sovereign rating on 12 July 2019 (see "Fitch Downgrades Turkey to 'BB-'; Outlook Negative" at www.fitchratings.com). In Fitch's view, the dismissal of Turkey's central bank governor heightens doubts about the authorities' tolerance for a period of sustained below-trend growth and disinflation that Fitch considers consistent with a rebalancing and stabilisation of the economy, and highlights a deterioration in Turkey's institutional independence and economic policy coherence and credibility. The downgrades of the foreign-owned Turkish banks' LTFC IDRs to 'B+' from 'BB-' reflects increased risk of government intervention in the banking sector in case of a marked deterioration in Turkey's external finances. We continue to view the risk of intervention that would prevent banks from servicing their FC obligations to be slightly higher than that of a sovereign default, and this result in these ratings being capped one notch below the sovereign LTFC IDR.
    [Show full text]
  • Citigroup Reports Second Quarter 2012 Earnings Per
    For Immediate Release Citigroup Inc. (NYSE: C) July 16, 2012 CITIGROUP REPORTS SECOND QUARTER 2012 EARNINGS PER SHARE1 OF $0.95; $1.00 EXCLUDING THE IMPACT OF POSITIVE CVA/DVA2 AND A NET LOSS ON THE SALE OF A 10.1% STAKE IN AKBANK T.A.S.3 CITIGROUP NET INCOME OF $2.9 BILLION; $3.1 BILLION EXCLUDING CVA/DVA AND THE LOSS ON AKBANK CITIGROUP REVENUES OF $18.6 BILLION; $18.8 BILLION EXCLUDING $219 MILLION OF CVA/DVA AND THE $424 MILLION LOSS ON AKBANK BASEL I TIER 1 COMMON RATIO INCREASED TO 12.7% ESTIMATED BASEL III TIER 1 COMMON RATIO INCREASED TO 7.9%4 BOOK VALUE PER SHARE INCREASED TO $62.61 TANGIBLE BOOK VALUE PER SHARE5 INCREASED TO $51.81 LOAN LOSS RESERVE RELEASE OF $984 MILLION IN SECOND QUARTER, DOWN 50% FROM THE PRIOR YEAR PERIOD CITIGROUP QUARTER-END DEPOSITS OF $914 BILLION, 6% ABOVE PRIOR YEAR PERIOD CITICORP LOANS OF $527 BILLION GREW 10% VERSUS PRIOR YEAR PERIOD CITI HOLDINGS LOANS OF $128 BILLION DECLINED 24% VERSUS PRIOR YEAR PERIOD CITI HOLDINGS ASSETS OF $191 BILLION DECLINED 28% FROM PRIOR YEAR PERIOD – REPRESENT 10% OF TOTAL CITIGROUP ASSETS New York, July 16, 2012 – Citigroup Inc. today reported net income for the second quarter 2012 of $2.9 billion, or $0.95 per diluted share, on revenues of $18.6 billion. CVA/DVA was a positive $219 million in the second quarter, resulting from the widening of Citi’s credit spreads, compared to a positive $164 million in the prior year period.
    [Show full text]