Banks in Turkey 2020
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MAY 2021 BANKS IN TURKEY 2020 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 TURKEY2020 MAY 2021 MAY BANKS IN TURKEY 2020 Publication No : 340 May 2021 ISBN 978-605-7642-18-9 (Electronic) Copyright © The Banks Association of Turkey, 2021 Publication Name : Banks in Turkey Publication Type : Local Periodical Publication Period : Annual Publication Date : May 2021 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. The financial tables in 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". Certificate No: 45463 2021.34.Y.5327.340 Contents Page No. Preface………………………………..….……………………………………………………… v Main Economic Indicators………...………………………………….……………............. vi Economic Developments and Banking System, 2020………………………..………… I-1 Global Economy….……………………………….………………………………………... I-1 Turkish Economy……..………..……….…………...…..……….................................... I-2 Banking Sector Overview……….…………………………………………...…………...… I-16 The Banks Association of Turkey and Banks Operating in Turkey…………………………………..…………………………....... II-1 The Banking System in Turkey……………………………..………………..……………… II-9 Deposit Banks..…………………………………...……........………………….....………. II-14 State-owned Banks..……...……………...................……....………………………… II-18 Privately-owned Banks...........…….....…...…….......……............…………………… II-22 Banks Under the Deposit Insurance Fund...........………….....…………................. II-26 Foreign Banks……………………………………...………..…........……................... II-30 Development and Investment Banks………………….………………………………… II-34 i Page No. Balance Sheets of the Banks………..……………………………….…………….……..... II-39 Deposit Banks.....................…………………….....…........................…...……............. II-41 State-owned Banks…………………..........……..……………….............................. II-43 Türkiye Cumhuriyeti Ziraat Bankası A.Ş.……………………………….……… II-44 Türkiye Halk Bankası A.Ş……………………………………………..…………… II-48 Türkiye Vakıflar Bankası T.A.O…………………………………………..……… II-52 Privately-owned Banks……………………..…………………………………………...… II-57 Akbank T.A.Ş……………………………………………………………………… II-62 Anadolubank A.Ş………………………………………...…...…...……………… II-66 Fibabanka A.Ş.……………………………………………………………………… II-70 Şekerbank T.A.Ş.…………………………………………………………………… II-74 Turkish Bank A.Ş.………………………………….……..………………………… II-78 Türk Ekonomi Bankası A.Ş.……………………………………………………… II-82 Türkiye İş Bankası A.Ş.……………………………………………………………II-86 Yapı ve Kredi Bankası A.Ş………………………………………………………… II-90 Banks Under the Deposit Insurance Fund...........…….....………........................... II-95 Adabank A.Ş…………………………………………..…………………………… 0 Birleşik Fon Bankası A.Ş………………………………………………………… II-96 Foreign Banks………………………………………………………..…....................... II-101 Alternatifbank A.Ş…………………………………...……..……………………… II-102 Arap Türk Bankası A.Ş……………………………………………….…………… II-106 Bank Mellat……………………………………..……………………….………… II-110 Bank of China Turkey A.Ş.……………………………………..………………… II-114 Burgan Bank A.Ş …………………………………………………………………II-118 Citibank A.Ş.. …………………………………...…………………....…………... II-122 Denizbank A.Ş……………………………………...……………………………… II-126 Deutsche Bank A.Ş.………………………………………...……………………… II-130 Habib Bank Limited……………………………………….……………………… II-134 HSBC Bank A.Ş.……………………………………………..…………………… II-138 ICBC Turkey Bank A.Ş.……………………………………………………………II-142 ING Bank A.Ş.......…….………………………...………………………………… II-146 Intesa Sanpaolo S.p.A....…….………………………...………………………… II-150 JPMorgan Chase Bank N.A.…….………………………...……………………… II-154 MUFG Bank Turkey A.Ş……………………………...……….…………………… II-158 Odea Bank A.Ş………………………………………………………………........ II-162 QNB Finansbank A.Ş………………………………………………………………II-166 Rabobank A.Ş....…….…………...…….………………………...………………… II-170 Sociéte Générale (SA)……………………………………...……………………… II-174 Turkland Bank A.Ş.…………………………...……………………………………II-178 Türkiye Garanti Bankası A.Ş.……………………………………………………… II-182 ii Page No. Development and Investment Banks…….………………………………………...…...... II-187 Aktif Yatırım Bankası A.Ş..………………………………………...……………… II-188 Bank of America Yatırım Bank A.Ş………………………………………...…… II-192 BankPozitif Kredi ve Kalkınma Bankası A.Ş.…………………………………… II-196 Diler Yatırım Bankası A.Ş………………………………………….……………… II-200 Golden Global Yatırım Bankası A.Ş.……………………………………...……… II-204 GSD Yatırım Bankası A.Ş……………………………………...………………… II-208 İller Bankası A.Ş.…………………………………………….…….…………....… II-212 İstanbul Takas ve Saklama Bankası A.Ş.…………………..…………………… II-216 Nurol Yatırım Bankası A.Ş………………………………………………...……… II-220 Pasha Yatırım Bankası A.Ş.………………………………………...…………… II-224 Standard Chartered Yatırım Bankası Türk A.Ş..………………...……………… II-228 Türk Eximbank…………………………………………………...……………….. II-232 Türkiye Kalkınma ve Yatırım Bankası A.Ş.…………………..………………… II-236 Türkiye Sınai Kalkınma Bankası A.Ş.…………………..……………………… II-240 Appendix………......…..................................................................................................... II-245 Table 1 Turkish Banks - Ranked by Total Assets, as of December 31, 2020............ II-246 Table 2 Number of Branches and Employees by the Banks and Groups, as of December 31, 2020……………………………………………………..... II-248 Table 3 Presentation of Assets and Liabilities According to their Outstanding Maturities, as of December 31, 2020…………………..………… II-250 Table 4 Interest Rate Sensitivity of Assets, Liabilities and Off Balance-Sheet Items based on repricing dates, as of December 31, 2020………...………… II-251 Table 5 Information on Currency Risk, as of December 31, 2020…………….……… II-252 Table 6 Saving Deposits, as of December 31, 2020…………………………….……... II-253 Table 7 Number of Deposit Accounts, as of December 31, 2020……………...…….. II-254 Table 8 Maturity Sructure of Deposits, as of December 31, 2020…………............... II-256 Table 9 Classification of Deposits, as of December 31, 2020……………...……........ II-258 Table 10 Number of Deposit Accounts by Geographical Regions and Provinces, as of December 31, 2020………………………………………………………… II-260 Table 11 Deposits by Geographical Regions and Provinces, as of December 31, 2020………………………….…………………………..... II-263 Table 12 Loans by Geographical Regions and Provinces, as of December 31, 2020… II-266 Table 13 Classification of Loans, as of December 31, 2020……………...……............ II-269 Table 14 Sectoral Risk Concentrations of Non-cash Loans, as of December 31, 2020………………………….…………………………..... II-271 Table 15 Capital Structure by Groups, as of December 31, 2020……………………… II-272 Table 16 Share in Group and Share in Sector, as of December 31, 2020................... II-273 Table 17 Bank Employees by Gender and Education, as of December 31, 2020….... II-274 Table 18 Bank Employees by Geographical Regions and Provinces, as of December 31, 2020………………………….…………………………..... II-276 Table 19 Number of ATM, POS and Merchants by Geographical Regions and Provinces, as of December 31, 2020………………………….………………… II-277 Table 20 Equity Participations and Affiliated Companies of Turkish Banks Abroad, as of December 31, 2020……………………………………………… II-278 Table 21 Branches and Representative Offices of Turkish Banks Abroad, as of December 31, 2020………………………………………………………… II-282 Table 22 Representative Offices in Turkey, as of December 31, 2020………………… II-285 Glossary….....................................………………............................................................ II-287 iii Preface "Banks in Turkey 2020" provides general information about deposit banks and development and investment banks operating in Turkey as well as their audited financial tables which are prepared in accordance with the related Communique-Financial Statements and Related Explanation and Footnotes of Banks that is Disclosed to the Public-. This book also offers an overall evaluation of the performance of the Turkish economy and the banking system in 2020. In addition, more details and tables that are prepared according to the related Communique, in terms of banks or groups, can be found in the web site of the Association (www.tbb.org.tr/en/home). It is hoped that this publication will be useful for those who are interested. The Banks Association of Turkey The Turkish Economy Main Economic Indicators Unit 2017 2018 2019 2020 2021* Growth GDP % 7 3 1 2 6 Agriculture 5 6 3 5 ... Industry 9 1 0 2 ... Services 11 6 2 -4 ... Sectoral breakdown (at current prices) % Agriculture 6 6 6 7 ... Industry 21 22 22 22 ... Services 63 62 62 60 ... GDP USD billion 851 789 761 717 735 GDP TL billion 3,111 3,724 4,320 5,048 5,644 Population Million 81 82 83 84 85 Income per capita In USD terms 10,597 9,632 9,127 8,599 8,661 Source-use* As % of GDP Fixed-capital outlays 31 31 27 26 ... Public