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Bank Asya in Brief

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Bank Asya in Brief Presentation Part I: Presentation 006 Bank Asya in Brief 007 Vision, Mission,Strategic Objectives 008 Key Highlights (Indicators) 010 Bank Asya’s Market Position in the Sector 012 Bank Asya’s Strategy of Growth 016 Milestones 018 Changes in Capital and Shareholder Structure During the Period 021 Awards 022 Message from the Chairman of the Board of Directors 024 Message from the General Manager (CEO) 030 Macroeconomic Overview and the Banking Sector 038 Bank Asya’s Activities in 2011 052 Corporate Social Responsibility 053 Affiliates and Subsidiaries 055 Compliance Opinion for the Annual Report Part II: Management Information and Principles of Corporate Governance Practices 058 Board of Directors 060 Statutory Auditors 062 Senior Management 064 Organization Chart 066 Committees 069 Summary Report of the Board of Directors 070 Human Resources 071 Training (Job Training) 072 Transaction Volume of the Risk Group of the Bank, Outstanding Loan and Collected Fund Transactions, and Current Income and Expenses for the Reporting Period 073 (Principals of) Corporate Governance Compliance Report 078 Support Services Benefited by Bank Asya 080 Profit Distribution Policy of Bank Asya 080 Profit Distribution Proposal of Bank Asya for 2011 Profits 081 Considerations Regarding the General Assembly 082 Information on Agenda Items Part III: Financial Information and Risk Management Assessment 086 Summary Report of the Statutory Auditors 087 Summary of Financial Information for Five Years Including the Reporting Period 088 Financial Condition, Profitability and Solvency Assessment 089 Audit Committee Reviews About the Functioning of the Internal Systems 090 Information on Risk Management Policies Implemented for Each Risk Category 092 International Rating Grades Part IV: Non-Consolidated Financial Statements and Related Footnotes 095 Independent Auditors’ Report 098 Information on Financial Statements and Footnotes Part V: Consolidated Financial Statements and Related Footnotes 169 Independent Auditors’ Report 172 Information on Financial Statements and Footnotes Part VI: Contact Information 240 Branches 002 Bank Asya 2011 Annual Report Continuing to have healthy growth … Bank Asya, offers interest-free financial system and its associated advantages to the widest possible audience. By increasing operational efficiency, Bank Asya continues to support the real sector. As for production it offers innovative products and services in retail banking. With a customer satisfaction centered approach, advanced technology and its long-term investments abroad, Bank Asya provides service at world-class standards; Bank Asya is a reputable, reliable and effective participation bank, which boasts a healthy and steady growth. 003 A World: Clean and Viable Without compromising the basic founding principles, Bank Asya represents the values of a powerful and reliable financial environment. Presentation Bank Asya’s strategic goals focus on Bank Asya In Brief sustainable profitability, producing more value for all stakeholders. In 1996, Bank Asya, Turkey’s most Invest in people, invest in the Increasing brand value alongside dynamic participation bank, commenced future unmatched growth dynamics operations under the name “Asya Finans” as the country’s sixth private finance Bank Asya understands that when it Bank Asya is transforming a business house. As the sector’s newest participation invests in people and technology, it invests model based on supporting the real sector bank, Bank Asya grew rapidly in a short in the future. The Bank incorporates and manufacturing. The Bank integrates period of time and achieved a strong and advanced technology in order to the fundamental principles of interest-free respected position in the market. strengthen its growth momentum and banking into an effective paradigm of support its dynamic and development- participation banking through its Turkey’s first participation bank focused workforce. This in turn facilitates a management competencies, funding to go public workplace that embrace s the Company’s practices, risk and quality policies, values. innovativeness, and unmatched growth Bank Asya is firmly committed to a strategy dynamics. tailored towards sound and sustainable Advanced technology in banking To this end, the Bank will continue to growth, which it has carefully integrated enhance the brand value that it has into its organizational structure. As the first Bank Asya has expanded the reach of its established both domestically and participation bank in Turkey to go public in delivery network through investments in internationally. order to establish a strong and broad technological infrastructure and alternative capital base, Bank Asya floated 23% of its distribution channels. Iin addition to its 200 In 2011, Bank Asya sustained its shares in 2006. As of year-end 2010, branches, Bank Asya has been particularly profitability and growth in line with its 52.88% of the Bank’s capital was publicly successful in gaining recognition during performance targets thanks to its solid held. By the end 2011, the free float rate recent years through the innovative capital base and healthy balance sheet reached 52.88%. The Bank’s paid-in payment system products that it has structure. In 2011, the Bank continued to capital was TRY 900 million as of the end introduced. After the launch of Europe’s lead the participation bank market in terms of 2011. most advanced contactless credit card, of total assets, loans allocated, non-cash AsyaCard DIT, and Turkey’s first prepaid loans, deposits and net profit. New high-quality products and contactless debit card, DIT Pratik, Bank services in participation banking Asya demonstrated once again its leading role in banking technology with DIT Mobile, Bank Asya works proactively to expand its which allows mobile phones to make product and service line in order to meet contactless transactions, and "Cep-T KGS" the changing needs and expectations of its products. customers across all its business sectors. As the first participation bank in Turkey to Creating more sustainable value be awarded the ISO 9001 Quality Management System Certification, Bank Conducting its operations as a good Asya seeks to strengthen its position within corporate citizen, Bank Asya aligns its the market by developing new interest-free strategic objectives with the principle of banking products, with its innovative “creating more sustainable value” for all of approach including derivative products. the social and economic stakeholders. The Bank also undertakes efforts to adapt widely used banking products and services to the interest-free banking system at the highest level of quality 006 Bank Asya 2011 Annual Report Vision, Mission, Strategic Objectives Strategic Objectives • To be one of the world’s leading interest-free banks. • To continue to be the participation bank with the highest brand value in Turkey. • To rank in the forefront of companies where highly qualified professionals would strive to work. • To increase market share. • To be a pioneer in the banking industry with new innovations. • To be the primary bank of its customers. • To sustain and increase support of social responsibility projects including social activities and sports. To be a respected, trusted and effective bank that provides world-class service with the Vision products it develops. To contribute to both shareholder value and the Turkish economy by developing modern banking services within the framework of interest- Mission free banking principles and satisfying customer needs and expectations with a “different solutions for different expectations” approach. 007 Presentation Bank Asya sustained its upward Key Highlights momentum in 2011 and achieved growth of 18% in Total Assets, 22% in Cash Loans and 11% in Deposits. Key Financial Highlights (Million TRY) 2010 2011 Change (%) Total Assets 14.513 17.190 18,4 Cash Loans (*) 11.060 13.452 21,6 Deposits 11.167 12.397 11,0 Shareholders’ Equity 1.942 2.137 10,1 Paid-In Capital 900 900 - Non-Cash Loans 9.227 9.349 1,3 Net Profit for the Period 260 216 -16,9 (*)Financial Lease (Leasing) is included Branch and Personnel Information (Quantity) 2010 2011 Change (%) Number of Branches 175 200 14,3 Number of Personnel 4.266 4.542 6,5 17.190 13.452 14.513 11.060 11.609 8.109 8.355 6.260 6.381 18 % 4.610 22 % Total Cash 2007 2008 2009 2010 2011 Assets (Million TRY) 2007 2008 2009 2010 2011 Loans (Million TRY) 008 Bank Asya 2011 Annual Report Key Financial Ratios (%) 2010 2011 Cash Loans/Total Assets (*) 76,69 78,63 Deposits / Total Assets 76,94 72,12 Cash Loans/Deposits (*)(**) 101,77 110,97 Capital Adequacy Ratio 13,33 13,31 (*)Non-performing loans were added to Cash Loans and Total Assets in gross terms. (**)Loan-To-Deposit Ratio is calculated by dividing Cash Loans by Deposits. Bank Asya’s Composition of Assets (%) 2010 2011 Liquid Assets 18 16 Cash Loans 76 78 Fixed Assets 3 3 Other 3 3 Bank Asya’s Composition of Liabilites (%) 2010 2011 Deposits 77 72 Loans Received 4 9 Other 6 7 Total Shareholders' Equity 13 12 Bank Asya Income Distribution (%) 2010 2011 Net Profit Income 58 60 Net Commissions 24 24 Other Income 18 16 12.397 2.137 11.167 1.942 9.137 1.708 5.843 1.404 4.698 11% 854 10% Deposits Total Shareholders' 2007 2008 2009 2010 2011 (Million TRY) 2007 2008 2009 2010 2011 Equity (Million TRY) 009 Presentation Bank Asya’s Bank Asya pioneered as a participation bank in Turkey in 2011 through its Market Position competitiveness and innovative strategy. Annual Growth Rates (2010-2011) 30 30 30 28 22 21 20 18 Banking Sector Deposit Money Banks Participation Bank Asya Banks Total Assets (%) Loans (%) 19 9 14 13 13 12 6 11 4 4 2 2 Deposits- Funds (%) Number of Employees (%) Number of Branches (%) 38 34 13 10 22 8 7 Net Profit (%) 6 1 Non-Cash Loans (%) Shareholders' Equity (%) -10 -11 -17 010 Bank Asya 2011 Annual Report One step ahead of the sector With high competitive power Comparison of Bank Asya with Other Participation banks 0,32 0,31 0,32 0,69 0,68 0,68 Total Assets (%) Deposits- Funds (%) Loans (%) In 2011, Bank Asya continued its leadering 0,27 0,35 among participation banks in the total assets, disbursed loans, non-cash 0,65 0,73 loans and deposits.
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