GENERAL INFORMATION
CORPORATE MANAGEMENT
FINANCIAL INFORMATION
Asset Structure
As of the end of 2012, the Bank’s total assets had decreased
8.8% to TL 2,748 million compared to 2011. Despite
the increase in receivables from the interbank money
market, the drop in liquid assets in parallel to a decrease
in receivables from banks and closing of “liquidated non-
cash loans”, which were followed in “loans and receivables
accounts” in 2011, led to this decline in total assets.
The significant investment instruments of the Bank are
receivables from banks (29%) amounting to TL 796 million,
while loans and receivables (26.8%) amounted TL 736
million, with TL 596 million of receivables from the money
markets (21.7%) and TL 329 million from the securities
portfolio (12%).
ASSESSMENT OF FINANCIAL STRENGTH,
PROFITABILITY AND DEBT REPAYMENT CAPACITY
Compared to the previous period, the most important
increase in total assets was seen in receivables from
interbank money markets at TL 404 million as of 2012-end.
Meanwhile, the significant decreases observed were TL 472
million of receivables from banks, TL 142 million of loans and
receivables and TL 65 million of investments held to maturity.
The cash loans of the Bank (excluding liquidated non-
cash loans) as of 2012-end had increased by 5.9%. Non-
performing loans (gross) were TL 8,523 thousand as of the
end of 2012 compared to TL 5,952 thousand at 2011-end. And
even though the ratio of non-performing loans to total loans
increased by 25 basis points from 0.91% to 1.16% compared
to 2011, this remains far below the industry average of 2.86%
as of December 2012. The NPL coverage ratio is 96.5%.
ASSETS (Thousand TL)
2011 Share (%)
2012 Share (%) Change (Amount) Change (%)
Cash and Balances with the CBT
239,767
7.9
207,475
7.5
-32,292
-13.5
Financial Assets at Fair Value Through Profit or Loss (Net)
157,620
5.2
192,520
7.0
34,900
22.1
Banks
1,267,957
42.1
796,118
29.0
-471,839
-37.2
Money Market Placements
192,299
6.4
596,126
21.7
403,827
210.0
Financial Assets Available For Sale (Net)
1,240
0.0
897
0.0
-343
-27.7
Loans and Receivables (Net)
878,446
29.2
736,309
26.8
-142,137
-16.2
Investments Held to Maturity (Net)
199,870
6.6
135,149
4.9
-64,721
-32.4
Investments in Subsidiaries (Net)
38,452
1.3
40,452
1.5
2,000
5.2
Tangible Assets (Net)
22,925
0.8
23,002
0.8
77
0.3
Intangible Assets (Net)
2,162
0.1
2,034
0.1
-128
-5.9
Tax Asset
2,116
0.1
2,488
0.1
372
17.6
Asset Held for Sale and Assets of
Discontinued Operations (Net)
308
0.0
288
0.0
-20
-6.5
Other Assets
9,424
0.3
15,429
0.6
6,005
63.7
TOTAL ASSETS
3,012,586
100.0 2,748,287
100.0
-264,299
-8.8
1,2,3,4,5,6,7 9,10,11,12,13,14,15,16,17,18,...240