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General Information
Corporate Management
Financial Information
Moreover, as a result of our prudent credit
policy and effective customer relationship
management we were able to keep the
Bank’s non-performing loan ratio, an
important indicator of asset quality, at a
low 1.1%. During the same period, our
shareholders’ equity increased 15.2%
to TL 532.2 million, while the capital
adequacy ratio stood at 15.8%. In terms
of profitability, our net profit for the
period rose significantly, by 42.2% to
TL 70.5 million, mainly as a result of the
increase in net interest income and net fee
and commission revenue. Meanwhile, the
Bank’s return on equity rose to 15.3%as
of year-end 2014, up from 12.0%a year
earlier. Another noteworthy achievement
is that our efforts to improve operational
efficiency have yielded positive results.
At the end of 2014, the Bank’s operating
expenses to total operating income ratio
dropped to 38.4%, down from 42.7%at
end-2013.
The launch of Internet Banking services
in 2014 marked a significant step toward
further diversifying our distribution
channels and creating new selling
opportunities. In order to offer customers
a higher level of service and to enhance
operational efficiency, we undertook
efforts to improve our IT infrastructure
throughout the year. As a result, we set
up a technological infrastructure that will
serve A&T Bank’s business needs over
the long term. Additionally, in line with
our customer-focused growth strategy,
we boosted our product portfolio with
several new offerings. As a result of our
expanded product offering, we were able
to grow our active customer base by 20%.
In addition to our extensive correspondent
bank network built up over 37 years in
North Africa and the Middle East, we
also strengthened our relationships with
correspondent banks in Sub-Saharan
countries and increased our market share,
thanks to A&T Bank’s high quality service
and experienced personnel, who are
experts in foreign trade.
In the coming period, A&T Bank will
continue to provide foreign trade financing
to the Middle East and North Africa
regions, and carry out domestic banking
operations as per its strategy of becoming
a widely successful corporate bank. In
addition, we are committed to further
expanding our correspondent bank
network in the emerging niche markets
in the Middle East and North Africa, and
diversifying our non-cash loan portfolio.
As always, our Bank will continue to
implement its long-term growth strategy,
which is based on profitability, productivity
and sustainability.
I would like to extend my deepest
gratitude to all of our employees for
their valuable contributions to A&T
Bank’s success. I also would like to thank
our valued shareholders and Board of
Directors for their unwavering support
in our achievements, as well as all of our
social and economic stakeholders for their
significant contributions, and finally our
customers for their trust.
Respectfully yours,
Sadek K. S. ABU HALLALA
General Manager