8 / 272
8
A&T BANK ANNUAL REPORT 2014
Profitability
In 2014, the Bank’s total operating income increased 34.3% (TL 42.7 million) due to rises in net interest income, which was up 38.3%
(TL 30.3 million) and in net fees and commissions, which rose 37.9% (TL 13.2 million).
While other operating expenses rose 16.9% (TL 8.9 million), total provisions stood at TL 15.9 million.
Based on these results, the Bank closed the current period with net profit of TL 70.5 million.
INCOME STATEMENT (TL Thousand)
2013
2014 Change (Amount) Change (%)
Interest Income
103,666
138,274
34,608
33.4
Interest Expense (-)
24,443
28,705
4,262
17.4
Net Interest Income
79,223
109,569
30,346
38.3
Net Fees and Commission Income
34,853
48,062
13,209
37.9
Dividend Income
5,017
4,381
-636
-12.7
Net Trading Income/Expense
-1,399
812
2,211
-
Other Operating Income
6,871
4,468
-2,403
-35.0
Total Operating Income
124,565
167,292
42,727
34.3
Provision for Loan Losses and Other Receivables (-)
9,719
15,938
6,219
64.0
Other Operating Expenses (-)
53,027
61,965
8,938
16.9
Net Operating Income/Loss
61,819
89,389
27,570
44.6
Provision for Taxes on Income from Continuing
Operations (-)
12,229
18,883
6,654
54.4
NET PROFIT
49,590
70,506
20,916
42.2
The return on assets and return on equity, at 1.65% and 12.02% as of year-end 2013, became 2% and 15.28%, respectively, as
of year-end 2014.
A&T Bank‘s capital adequacy standard ratio is above the legal minimum by virtue of the Bank’s strong capital structure, ability to
tap external sources of funding and effective risk management implementation. Thus, the Bank is able to meet its liabilities by its
liquidity.
Assessment of Financial Strength, Profitability and
Debt Repayment Capacity
A&T Bank closed fiscal year 2014 with net profit of
TL 70.5 million.