December, 2011
1
PROFILE OF TÜRKİYE FİNANS
2
Türkiye Finans emanated from the merger of Family Finans and Anadolu Finans in 2006. Two
years later, in 2008, its majority shares were acquired by NCB of Saudi Arabia.
Before Merger
- Family Finans
operated with
special finance
house status with
interest free
banking
principles
between 1985 –
2005 owned by
Ulker Group.
- Anadolu Finans
operated with
special finance
house status with
interest free
banking principles
between 1991-2005
owned by Boydak
Holding.
After Merger
- Family Finans and Anadolu
Finans merged under the
name of Turkiye Finans after
the approval of BRSA
dd.28.12.2005.
- Special Finance House
gained the status of
Participation Bank in 2005.
Sales Protocol
-In 2008, as part of NCB’s international
expansion strategy, 64.68% share of
Turkiye Finans was acquired by NCB
whereas Ulker Group and Boydak
Holding remained as strategic partners
with 13.76% and 21.56% shares
respectively.
Current Status
-182 branches and 6 regional
branches all over Turkey.
- 1.642.76 retail, 168.640 SME,
and19.300 corporate customers
- 344.729 credit cards and 3.382
employees.
- TFKB with NCB partnership will
continue its growth performance and
prove to be more competitive in both
national and international markets in
the years to come.
3
SHAREHOLDERS STRUCTURE
4
64.68%
21.56%
13.76%
5
The first Saudi bank to be licensed in
the KSA.
The largest Bank in the Arab world.
Paid-up capital is SR 15,000 million
(US$ 4,000 million) as of 3rd quarter
2011.
Total assets at 3rd quarter of 2011
are SR 306,975 million (US$ 81,849
million).
Net income reached SR 4,545 million
(US$ 1,212 million) at 3rd quarter 2011,
an increase of 13.2% over previous
period.
Shareholders’ equity at 3rd quarter of
2011 are SR 34,661 million (US$ 9,241
million) .
The Banker, reputable bankers’
magazine, ranked NCB as # 1 in the
Middle East & # 126 in the World
according to its Tier 1 Capital.
NCB operates 284 branches
throughout the Kingdom, dedicated
exclusively to Islamic Banking
services. It has 2.5 million clients.
Ratings: FITCH: A + / S&P: A + /
Moody’s: A1
Founded in 1959
US$ 4,6 billion turnover in 2011
 Exporting to 110 countries
around the world with US$ 413
million export volume
More than 11.000 employees
29 Companies and 7
Subsidiaries
6 companies of Boydak Group
are enlisted among top 500
industrial firms in Turkey.
Leader of Furniture, Home
Textile, Cable Sectors, Aviation,
Energy, Chemicals, Logistics
Factories are located in Turkey
(Kayseri and Bursa), Russia and
Ukraine.
Founded in 1944
Annual sales of US$ 7 billion
in 2011
US$ 1,5 billion exports
volume
Employing around 30,000
employees at 68 companies
and 54 factories, 10 of which
are abroad.
13 companies of Ülker Group
are enlisted among top 500
industrial firms in Turkey.
Market leader in many subsegments of food and
beverage industries and
operating in packaging, IT, and
real estate sectors.
6
BOARD OF DIRECTORS
7
The Board is comprised of seven members whereas NCB is represented by four seats.
Mr. Mustafa BOYDAK
Chairman
Mr. Derya GURERK
Board Member/ CEO
Mr. Varol ŞENEL
Board Member
Mr. Abdulkareem Abu
ALNASR
Vice Chairman
Mr. Donald Paul HILL
Board Member
Mr. Brian Keith
BELCHER
Board Member
Mr. Mehmet Atila
KURAMA
Board Member
8
PRODUCTS AND SERVICES
9
SME Sectoral Packages
and SME Financing
FX Trading
Leasing
Profit/ Loss Participation
Franchising and
Agricultural Loans
Letter s of Credit and
Guarantees
Correspondent Banking
Exports/ Imports
Customer Transfers
Check Collection
ECA/SEP/GSM/ITFC
Credits
Syndications
Project Financing
Treasury Transactions
Consumer Financing
Credit Cards
POS
Invoice Payments
Securities
Internet Banking
Mobile Banking
ATM Banking
SMS Banking
E-Reminder Service
Telephone Banking
10
CREDIT RATING
11
'BBB' Long-term local currency IDR of Türkiye Finans is capped two notches above Turkey's
sovereign rating.
FITCH RATINGS
Long-Term Foreign Currency
: 'BBB-'; Outlook Stable
Long Term Local Currency
: 'BBB’ ; Outlook Stable
Short Term Foreign Currency
: 'F3‘
Short Term Local Currency
: 'F3‘
National Long-term rating
: 'AAA(tur)'; Outlook Stable
Viability Rating
: 'bb-'
Support Rating
: '2'
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FINANCIAL HIGHLIGHTS
13
CAGR
ASSETS
SHAREHOLDERS' EQUITY
16,000
1,800
13,528
14,000
1,614
1,500
1,440
12,000
10,656
1,200
10,000
ASSETS X
1.000.00…
8,679
8,000
6,000
7,040
1,229
SHAREHOLDERS'
EQUITY X
1.000.000…
1,009
900
5,577
600
591
4,000
300
2,000
0
0
2007
2008
2009
2010
2011
2007
2008
2009
2010
2011
14
CAGR
DEPOSITS
LOANS
10,000
11,000
9,509
9,000
10,327
10,000
8,407
8,000
9,000
7,963
8,000
7,000
6,895
6,000
DEPOSITS X
1.000.000 TL
5,291
5,000
4,306
6,000
5,000
4,000
7,165
7,000
LOANS X
1.000.000 TL
5,565
4,666
4,000
3,000
3,000
2,000
2,000
1,000
1,000
0
0
2007
2008
2009
2010
2011
2007
2008
2009
2010
2011
15
CAGR
ROE
NET PROFIT
30
250
232
28.5
25
199
200
205
20.6
160
20
17.8
150
15.3
15.2
147
NET PROFIT X
1.000.000 TL
ROE %
15
100
10
50
5
0
0
2007
2008
2009
2010
2011
2007
2008
2009
2010
2011
CAGR 12.1 %
16
CAPITAL ADEQUACY RATIO
NPL
5
20
16,78
15
17,19
17.08
3.9
4
14,94
15,37
3,6
3,1
3
CAPITAL
ADEQUACY
RATIO %
10
2,4
2,4
NPL %
2
5
1
0
0
2007
2008
2009
2010
2011
2007
2008
2009
2010
2011
17
CAGR
FOREIGN TRADE VOLUME
14,000
13,588
12,000
10,680
10,000
8,120
8,000
8,255
FOREIGN TRADE
VOLUME X
USD 1.000.000
7,127
6,000
4,000
2,000
0
2007
2008
2009
2010
2011
18
CONFIRMED L/Cs
400
UNCONFIRMED L/Cs
600
366
462.0
500
300
258
261
459.2
400
251
CONFIRMED
X USD 1,000,000
212
200
300
297.6
340.4
307.7
UNCONFIRMED
X USD 1.000.000
200
100
100
0
0
2007
2008
2009
2010
2007
2011
2008
2010
2011
DIRECT L/Gs
COUNTER GUARANTEES
200
90
176.4
108.8
117.2
COUNTER
GUARANTEES
X USD 1.000.000
90.9
100
66.1
60
45
30
59.3
74.1
75
150
50
2009
25.9
28.9
DIRECT L/Gs
X USD 1.000.000
36.3
15
0
0
2007
2008
2009
2010
2011
2007
2008
2009
2010
2011
19
RANKING* AMONG PRIVATE BANKS
IN TURKEY
Asset Size in mio TRY
Profitability in mio TRY
200,000
2,700
175,000
2,400
150,000
2,100
125,000
1,800
1,500
100,000
1,200
75,000
900
50,000
600
25,000
0
300
0
*
As of September 2011
**
Türkiye Finans ranks 13th by assets
*** Türkiye Finans ranks 11th by profitability
20
BRANCH NETWORK
21
Türkiye Finans has 182 branches throughout the country.
İSTANBUL
ANKARA
İZMİR
ADANA
KAYSERİ
: 71 Branches + Istanbul Anadolu and Avrupa Regional Branches
: 15 Branches + Ankara Regional Branch
: 5 Branches + Izmir Regional Branch
: 4 Branches + Adana Regional Branch
: 3 Branches + Kayseri Regional Branch
22
INTERNATIONAL AWARDS
23
“2007 BEST ISLAMIC BANK AND THE SERVICE PROVIDING
INSTITUTION” BY ISLAMIC FINANCE NEWS MAGAZINE
“2009 BEST ISLAMIC BANK IN TURKEY”
BY ISLAMIC FINANCE NEWS MAGAZINE”
“2008 BEST ISLAMIC BANK IN TURKEY”
BY GLOBAL FINANCE MAGAZINE
“2010 BEST ISLAMIC FINANCE BANK IN
TURKEY” BY GLOBAL FINANCE NEWS
MAGAZINE”
“2011 BEST ISLAMIC BANK IN TURKEY
BY GLOBAL BANKING AND FINANCE
MAGAZINE”
24
TURKEY’S MACROECONOMIC
INDICATORS
25
 GDP GROWTH RATE : 9.6% as of Q3, 2011
 INCOME PER CAPITA: $10,067 in 2010
 INFLATION: CPI 10.45% (December 2011)
 UNEMPLOYMENT RATE: 8.8% (September 2011)
 FDI: $9.8 billion as of October 2011 (more than two-folds over the same period last year)
 PUBLIC DEBT TO GDP RATIO: 42.2% in 2010, government’s target for 2011 is 39.8%
 TOTAL FOREIGN TRADE: November 2011: $342.7 billion (X= $122.5 billion, I= $220.2 billion)
 EXTERNAL DEBT / GDP: 22.68 % as of Q2, 2011
 DEFICIT / GDP: 1.4 % (TRY 17 billion in 2011 - 57 % improvement compared to 2010)
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