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10 A&T BANK ANNUAL REPORT 2015
Profitability
Net interest income declined 1.6%
(TL 1.8 million) in 2015 while net
fees and commission income ticked
up 2% (TL 1 million).
Despite 11.8% (TL 7.3 million)
jump in other operating expenses,
provisions decreased by
TL 7.6 million.
Based on these results, the Bank
closed the current period with net
profit of TL 70.1 million.
INCOME STATEMENT (TL Thousand)
2014
2015
Change
(Amount)
Change
(%)
Interest Income
138,274
137,835
-439
-0.3
Interest Expense (-)
28,705
30,057
1,352
4.7
Net Interest Income
109,569
107,778
-1,791
-1.6
Net Fees and Commission Income
48,062
49,038
976
2.0
Dividend Income
4,381
5,067
686
15.7
Net Trading Income/Expense
812
-1,784
-2,596
-
Other Operating Income
4,468
4,264
-204
-4.6
Total Operating Income
167,292
164,363
-2,929
-1.8
Provision for Loan Losses and Other
Receivables (-)
15,938
8,330
-7,608
-47.7
Other Operating Expenses (-)
61,965
69,261
7,296
11.8
Net Operating Income/Loss
89,389
86,772
-2,617
-2.9
Provision for Taxes on Income from
Continuing Operations (-)
18,883
16,666
-2,217
-11.7
NET PROFIT
70,506
70,106
-400
-0.6
The return on assets and return on equity, at 2% and 15.28% as of year-end 2014, became 1.88% and 13.18%,
respectively, as of year-end 2015.
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