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45

MANAGEMENT AND CORPORATE GOVERNANCE PRACTICES

13%. In 2015, the industry’s net

profit rose 5.9% and realized TL

26.1 billion. On the other hand,

return on equity fell from 12.2%

to 11.3%. At end-2015, the capital

adequacy standard ratio realized at

15.6%, which was 16.3% at year-

end 2014.

A&T Bank maintained an efficient,

profitable and sustainable growth

focus during 2015.

As of year-end 2015, the Bank’s

total assets stand at TL 4 billion by

increasing 8.2% compared to the

end of the previous year.

While cash loans totaled by

TL 1,357.9 million, marketable

securities portfolio increased

by 60.4% to TL 491.3 million.

Deposits, which rank first among

external sources, increased by 7.7%

to TL 3,347.7 million. In this period,

shareholders’ equity rose by 13.1%

to reach TL 601.8 million. At end-

2015, the Bank’s capital adequacy

standard ratio stood at 18.61%.

A&T Bank continued to support

contracting firms, as well as

exporters and importers in 2015.

Total guarantees and warrantees,

consisting of letters of guarantee,

letters of credit and banks

acceptances, amounted to

TL 2.4 billion. Net profit of the Bank

reached to TL 70.1 million; return

on assets and return on equity stood

at 1.88% and 13.18% respectively,

as of year-end 2015.

Dear Shareholders,

In light of the Bank’s goal of

achieving healthy and sustainable

growth, our priorities in 2016 are to

enhance our foreign trade financing

capabilities in Africa and the Middle

East, with a particular focus on

North Africa; activate new delivery

channels; develop new products

and services; bolster our technology

systems infrastructure; and boost

operational efficiency.

We have submitted the 2015

Annual Activity Report, Balance

Sheet, and Income Statements

for your inspection and approval.

On behalf of A&T Bank’s Board of

Directors, I would like to extend my

thanks to our customers for their

continued confidence in us; our

correspondent banks in Turkey and

abroad for their strong and deep-

rooted relationships with us; our

General Directorate for its effective

management; all our employees for

their contributions to the successful

results; and to our esteemed

shareholders for their continuous

support and their honoring of our

General Assembly.

On behalf of the Board of Directors

Osman Arslan

Chairman of the Board of Directors