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8
Assessment of Financial Strength, Profitability
and Debt Repayment Capacity
The most important increases in total assets and total
liabilities were seen in loans and receivables at TL 711
million and deposits at TL 1.657 million, respectively.
Asset Structure
As of the end of 2013, the Bank’s total assets had increased
22% to TL 3,351.7 million compared to 2012. Within the
operating period, the significant investment instruments of
the Bank are loans and receivables (43.2%) amounting to TL
1,447.8 million, while receivables from banks and cash and
balances with the Central Bank amounted TL 1,097.8 million
(32.8%) and TL 394.4 million (11.8%), respectively.
As of 2013-end, compared to the previous period, the most
important increases in total assets were seen in loans and
receivables at TL 711 million, receivables from banks at 302
million and cash and balances with the Central Bank at TL 187
million. Meanwhile, the significant decreases observed were TL
564 million of receivables from interbank money markets and
TL 108 million of financial assets at fair value through profit or
loss.
In 2013, the Bank increased its cash loans volume by 96.6%
compared to the previous year. Non-performing loans were TL
8,735 thousand as of the end of 2013 compared to TL 8,523
thousand at 2012-end. The ratio of non-performing loans to
total loans decreased by 54 basis points from 1.16 % to 0.62%
compared to 2012. The NPL coverage ratio is 96.7%.
ASSETS (Thousand TL)
2012
Share
(%)
2013
Share
(%)
Change
(Amount)
Change
(%)
Cash and Balances with the CBT
207,475
7.5
394,379
11.8
186,904
90.1
Financial Assets at Fair Value Through Profit or
Loss (Net)
192,520
7.0
84,771
2.5
-107,749
-56.0
Banks
796,118
29.0 1,097,807
32.8
301,689
37.9
Money Market Placements
596,126
21.7
31,907
1.0
-564,219
-94.6
Financial Assets Available For Sale (Net)
897
0.0
1,080
0.0
183
20.4
Loans and Receivables
736,309
26.8 1,447,771
43.2
711,462
96.6
Investments Held to Maturity (Net)
135,149
4.9
189,184
5.6
54,035
40.0
Investments in Subsidiaries (Net)
40,452
1.5
60,895
1.8
20,443
50.5
Tangible Assets (Net)
23,002
0.8
20,825
0.6
-2,177
-9.5
Intangible Assets (Net)
2,034
0.1
2,630
0.1
596
29.3
Tax Asset
2,488
0.1
2,481
0.1
-7
-0.3
Asset Held for Sale and Assets of Discontinued
Operations (Net)
288
0.0
11
0.0
-277
-96.2
Other Assets
15,429
0.6
17,939
0.5
2,510
16.3
TOTAL ASSETS
2,748,287 100.0 3,351,680 100.0
603,393
22.0