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Table of Contents Turkish Economy ‘ICBC Turkey and ICBC’ in short Financial Highlights Summary Balance Sheet and Income Statement Financial Performance Credit Ratings 1
Turkish Economy Turkish Economy Overview & Country Rating Turkish Banking Sector 2
Turkish Economy Overview & Country Rating • Data received from TURKSTAT, CBRT UNDERSECRETARIAT OF TREASURY 2011 2012 2013 2014 2015 Q3 • *Exp. As of 3rd Q 2015 • ** As of 2014 GDP US$ 776 bio US$ 791 bio US$ 823 bio US$ 799 bio US$ 546 bio GDP Growth 8.8 2.1 4.2 2.9 3.4 Population 74,724,269 75,627,384 76,667,864 77,695,904 78,151,750* GDP Per Capita 10,428 10,459 10,822 10,404 10,404 ** Current Account Deficit US$ 75.0 bio US$ 48.5 bio US$ 64.6 bio US$ 46.4 bio US$ 133 bio Inflation Rate 10.4 6.2 7.4 8.2 7.9 External Debt US$ 182.6 bio US$ 189.2 bio US$ 229.3 bio US$ 243.7 bio USD $ 406 bio Unemployment Rate 9.8% 9.2% 9.7% 10.1% 10.5% International Reserves US$ 88.3 bio US$ 119.2 US$ 131.0 bio US$ 127.3 bio US$ 99.5 bio Import US$ 240.8 bio US$ 236.5 bio US$ 251.6 bio US$ $242.2 bio US$ 150.7 bio Export US$ 134.9 bio US$ 152.5 bio US$ 151.8 bio US$ 157.6 bio US$ 113.7 bio Country Rating Date Long Term Issuer Default Rating Outlook S&P February 7, 2014 BB+ Negative Moody’s April 11, 2014 Baa3 Negative 3 Fitch March 20, 2015 BBB- Stable
Turkish Banking Sector March June September US$ mio 2011 2012 2013 2014 2015 2015 2015 Total Assets 648,118 773,375 814,380 859,870 819,673 833,005 794,868 Loans 363,524 448,429 492,398 535,523 509,976 524,252 492,070 Loans / Assets 56.1 58.0 60.5 62.3 62.2 62.9 61.9 Non-Performing Loans 10,093 13,209 13,910 15,698 14,874 15,544 14,840 NPL Ratio 2.70 2.86 2.75 2.85 2.83 2.88 2.93 Deposits 370,346 435,662 444,550 454,336 430,294 438,025 421,549 Cash Loans / Deposits 100.99 106.06 114.08 121.61 122.36 123.62 120.64 Debts to Banks 89,099 97,890 119,514 126,590 122,836 126,849 125,191 Total Liabilities 571,229 670,726 723,309 760,006 729,125 741,804 712,962 SHE 76,889 102,649 91,071 99,864 90,549 91,201 81,906 Contingencies 116,255 136,060 156,956 165,620 157,403 161,935 157,955 Net Profit/Loss 10,568 13,275 11,600 10,619 2.585 5.112 8.168 CAR ratio 16.55 17.86 15.28 16.28 15.50 15.37 14.64 ROAA 1.74 1.83 1.60 1.33 1.29 (*) 1.28 (**) 1.14(***) ROAE 15.48 15.64 14.16 12.21 11.56(*) 11.87 (**) 10.89(***) Data received from BRSA 4 (*) Annualized for Q1 2015 (**) Annualized for Q2 2015 (***)Annualized for Q3 2015
‘ICBC Turkey and ICBC’ in short History and Ownership ‘ICBC’ in short ICBC Turkey Overview Branch Network ICBC Turkey’s paid-in capital base Business lines 5
History and Ownership Shareholder Structure Free Float 7.183% ICBC 92.817% 2015: Tekstil Bankasi A.S. has changed its legal name to ICBC Turkey Bank A.S. as of 19 November 2015. 2015: Following the tender offer by ICBC for the remaining shares, 92.817% of Tekstilbank’s shares are held by ICBC as of August 21st 2015 : As of May 22nd, Tekstilbank’s 75.5% GSD shares are acquired by ICBC 2014: SPA signed between GSD Holding and the ICBC on 29th of April 2002: GSD Holding (formerly GSD Foreign Trade Co.) became the major shareholder by increasing its stake to 75% 1992: GSD Foreign Trade Co. acquired 30% stake 1986: Founded by Akın Tekstil, a major textile manufacturer 6
ICBC Shareholder Structure & Ratings Ministry of Finance of the PRC 100% China Investment Corporation 100% Central Huijin Investment Ltd. HKSCC Nominees Other Limited Shareholders 35.09% 35.33% 24.47% 5.11% Bank Credit Ratings Ratings Agency Long Term Short Term Outlook Moodys A1 P1 Stable S&P A A1 Stable 7
ICBC is the world’s largest bank The World’s Largest Bank by Assets Largest Banks by Market Capitalization Reported Total Assets (in USD bn) Reported Total Market Capitalization (in USD bn) 296 288 251 244 203 189 185 173 164 ICBC WF CCB JPM BOC ABC HSBC BOA Citi Source: Bloomberg, total assets as of December 31, 2014 Source: Bloomberg, total market cap, as of May 30, 2015 Strong Solvency: One of Best-Capitalized Banks (Tier I Capital in USD bn) Source: Bloomberg, December 2014 Forbes Fortune The Banker The 1 st place among the Global 2,000 The 29 th place among the Global 500 The 1 st place among Top 1,000 World Banks (Overall ranking in terms of four aspects: sales, profit, Ranked first among all commercial banks (Ranking in terms of tier-1 capital of the Bank) assets and market value) (Ranking in terms of revenue) 8
Extensive Global Platform ICBC’s Global Footprint Domestic and overseas institutions: 17,510 Overseas presence: 42 countries and regions with 399 countries Established correspodent bank relationship Moscow with 1,604 overseas bank in 147 countries and Amsterdam London regions Warsaw Frankfurt Brussels Luxemburg Almaty Canada Paris Self-service banking outlets: 27,708 China Milan Turkey New York USA Madrid Japan ATM #: 96,704 Doha Pakistan South Korea Kuwait Vietnam Mumbai HK Saudi Arabia Corporate clients: 5.09 million Dubai Macau Myanmar Abu Dhabi Lao PDR Cambodia Bangkok Retail clients: 465 million Peru Malaysia Indonesia Employees: 460,619 Singapore Brazil 6 RMB Clearing Centres: Singapore, Bangkok, Sydney Luxembourg, Doha, Canada, Argentina Argentina New Zealand South Africa 9
ICBC Turkey Overview * Among private deposit banks as at 30 September 2015 ** As at 30 September 2015 10
Branch Network Branches are predominantly located in the western regions, which account for the majority of T ü rkiye's GDP generation. Financial Services branch in Berlin, Germany, established in 1995, that handles mainly remittances business. Istanbul branches : 21 Anatolian branches : 22 Free-Zone branch : 1 Domestic Network : 44 22 1 Istanbul 1 Samsun Trabzon 1 1 3 Bursa 1 Balıkesir Ankara Eskişehir 1 1 3 1 Uşak Kayseri İzmir Konya 1 1 Aydın Denizli 1 1 1 Adana Muğla Antalya 1 2 Mersin Number of branches Hatay 11
ICBC Turkey’s paid-in capital base 12
Business Lines Treasury Retail Banking International Business Corporate & Commercial Banking 13
Financial Highlights 14
Financial Highlights of 2015 Q3 YoY Growth in Balance Sheet (%) Assets 65.4% Cash Loans 33.7% Deposits 6.5% SHE -9.3% Selected Ratios (%) Total CAR 12.7% Loans / Assets 60.5 % Free Equity 85.9% Deposits / Assets 39.7% IEA 83.3% Funds Borrowed / Assets 41.2% NPL 3.6% SHE / Assets 9.0% Reserve Coverage 103.2% Corporate&Commercial Loans 88.2% NIM 3.2% Consumer Loans 11.0% 15
Summary Balance Sheet and Income Statement Balance Sheet Income Statement 16
Balance Sheet TL mio 2014 Q3 FY 2014 2015 Q3 YoY% Cash and Banks 439 518 1,104 151.5% Total Securities 352 219 1,189 237.8% Total Cash Loans 2,841 2,765 3,798 33.7% Fixed Assets & Subsidiaries 33 40 38 15.2% Others 131 122 151 15.3% Total Assets 3,796 3,664 6,280 65.4% Deposits* 2,343 2,342 2,496 6.5% Interbank & Money Market* 277 229 371 33.9% Borrowings 403 348 2,585 541.4% Others 151 125 264 74.8% SHE 622 620 564 -9.3% Total Liabilities & SHE 3,796 3,664 6,280 65.4% * Bank deposits are included in Interbank & Money Market rather than Deposits 17
Income Statement TL mio 2014 Q3 FY 2014 2015 Q3 YoY % Interest Income 262.8 343.6 238.1 -9% Loans 224.1 298.3 212.8 -5% Securities 33.3 38.9 19.7 -41% Others 5.4 6.3 5.6 4% Interest Expense (-) 157.8 206.1 143.9 -9% Deposits 102.5 134.3 106.7 4% Other Borrowings 55.3 71.8 37.2 -33% Net Interest Income 105.0 137.4 94.2 -10% Net FX Gain (Loss)* 3.0 3.6 2.0 -33% Adj. Net Interest Income 108.0 141.0 96.2 -11% Net Trading Income (Loss)* 9.0 14.7 5.2 -42% Net Fees & Commissions 14.3 18.5 10.5 -27% Other Operating Income** 11.9 16.2 7.0 -41% Total Operating Income 143.2 190.4 118.8 -17% Provisions (-) 25.5 39.6 38.7 52% Opex (-) 101.0 134.9 119.4 18% Profit Before Tax 16.7 15.9 -39.3 -335% Tax (-) 3.3 3.1 -5.0 -252% Net Income 13.4 12.8 -34.3 -356% * Foreign exchange gain/loss resulted from derivatives are included in Net FX Gain (Loss), not in Net Trading Income (Loss) ** Including TL 2.1 mio reversal of general loan provision 18
Financial Performance Balance Sheet Loan Portfolio Retail Loans Deposits Capital Base Asset Quality 19
Balance Sheet Composition of Assets IEA: 83% YoY: 65.4% IEA: 85% IEA: 86% 17% 14% 15% 1% 60% 5% 4% 9% 75% 75% 6% 19% 2015 Q3 2014 Q3 2014 Loans Securities Other IEA Non-IEA Composition of Liabilities & SHE YoY: -9.3% 564 620 622 4% 9% 16% 17% 40% 4% 3% 64% 62% 16% 18% 47% 2015 Q2 2014 Q3 2014 Deposits Shareholders’ Equity (TL mio) Funds Borrowed & Interbank Others 20
Loan Portfolio Cash Loans YoY: 33.7% 2,841 2,765 3,798 20% 22% 60% 40% 78% 80% 2014 Q3 2015 Q3 2014 Turkish Lira FX Total (TL mio) Non-Cash Loans YoY: -22.6% 850 985 762 45% 41% 49% 51% 55% 59% 2014 Q3 2015 Q3 2014 Turkish Lira FX Total (TL mio) 21
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