BRSA Unconsolidated Financial Statements Highlights - - PowerPoint PPT Presentation

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INVESTOR PRESENTATION BRSA Unconsolidated Financial Statements Highlights www.sekerbank.com.tr 30.09.2016 CONTENTS About ekerbank 3-7 Background / Milestones Ownership Strategy & Mission Ratings Branch Network and

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BRSA Unconsolidated Financial Statements Highlights 30.09.2016

www.sekerbank.com.tr

INVESTOR PRESENTATION

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CONTENTS

About Şekerbank 3-7 Financials of Şekerbank 8-24

 Background / Milestones  Ownership  Strategy & Mission  Ratings  Branch Network and Business Segments  Asset-Liability Structure  Loan Structure  Securities  Funding Structure  Foreign Borrowing  SME Covered Bond Program  Summary of Financials  Financials & Ratios  Capital Adequacy & Liquidity  Duration  Subsidiaries  Contacts 2

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BACKGROUND / MILESTONES

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1953: Founded as

the “Sugar Beet Cooperative Bank” in Eskişehir 1956: Moved to Ankara and renamed as Şekerbank 1970’s: Shift to full service banking from cooperative banking 1980’s: Concentration in commercial banking 1997: Initial Public Offering 2002: Initiation of Restructuring: Change from a traditional commercial bank to a multi channel, diversified financial institution based on customer and segment focused practices 2004: Head Office moved to İstanbul 2007: Partnership with international investor: (BTA Group, Kazakhstan became 33.9% shareholder) 2007: First Bank to receive „Corporate Governance Rating‟ in Turkey 2010: Equity investment of IFC: Personnel Social Security Foundation of Şekerbank and IFC signed an option agreement for IFC purchasing Şekerbank shares up to 5% 2011: Transfer of BTA Group shares to Samruk Kazyna, the National Welfare Fund of Kazakhstan 2011-12: First SME backed Covered Bond issuance in the world 2014: 2013 GRI Report (Global Reporting Initiative)

1953 2014

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SLIDE 4

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OWNERSHIP

Şekerbank T.A.Ş. Voluntary Pension Fund; 35,44% Samruk Kazyna; 19,37% Şekerbank T.A.Ş.; 9,43% BTA Securities JSC ; 1,48% Sugar Beet Coop. 0,09% Publicly Traded; 34,19%

Shareholders Share in Capital %

Şekerbank T,A,Ş, Voluntary Pension Fund 410.388.834 35,44% Samruk Kazyna (The National Well-fare Fund of Kazakhstan) 224.353.417 19,37% Şekerbank T.A.Ş. 109.211.666 9,43% BTA Securities JSC 17.083.367 1,48% Sugar Beet Cooperatives 1.009.312 0,09% Publicly Traded* 395.953.404 34,19%

Total 1.158.000.000 100,00%

* IFC has 6.07 % from the BIST /Borsa Istanbul) quoted shares.

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OBJECTIVE

STRATEGY & MISSION

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Community Banking Sustainable Development Banking

  • Responsive to local characteristics and needs (Regional focus)
  • Developing very Strong Deposit Base
  • Social / Introducing banking services to those who have never had

banking services before through microfinance

  • Environmental / Supporting Energy Efficiency investments of all

segments and sectors

  • Becoming a partner helping SMEs to grow
  • Expertise in micro and small business including agriculture in order to

enhance its broad-based loan portfolio

  • Focusing on the „Value Chain Concept‟
  • Financing projects that provide cross-selling opportunities with the help
  • f the bank‟s derivative products

SME and Agriculture Focus Sector based corporate/comm ercial banking

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*The rating methodology has been changed in 2013, In this respect, for the consistency, 2012 rating re-evaluated and rated 90.74. In 2014 Sekerbank changed the Corporate Governance rating agency to Kobirate. Between 2007 and 2013, Sekerbank is rated by ISS Corporate Services (ICS)** Kobirate*** assigns a rating score of 90.91 to Sekerbank. This rating reflects a very good overall performance of the Bank regarding its current corporate governance structures as measured against the Principles of the Turkish Capital Markets Board. The full report can be reached at: http://www.sekerbank.com.tr/en/investorrelations/corporate-governance **ICS' works with more than 1,100 clients located in the U.S., Canada, U.K. Europe and Asia, as well as other established and emerging markets Worldwide. ISS Corporate Services and Institutional Shareholder Services are subsidiaries of MSCI Inc., a publicly traded company, ISS Corporate Services is headquartered in Rockville, MD and also has offices in London and Toronto. ***Established by 5 Turkish members in June 2008 after a two-year preparation period. Kobirate Uluslararası Kredi Derecelendirme ve Kurumsal Yönetim Hizmetleri A.Ş. (Kobirate International Credit Rating and Corporate Governance Service Inc.) is a Local Credit and Corporate Governance Rating Company with a fully-paid share capital of TL 200,000. The Kobirate Credit Rating Methodology, developed at international standards so as to cover the local factors, is systematic. It includes guiding and educating features due to its basic software Perfectrate. It has a parametric infrastructure feature allowing for immediate adaptability of any changes in basic indicators proposed by the Supervisory Authorities.

RATINGS

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National Rating Foreign Currency Local Currency Financial Strength Rating A+(tur) BB- BB- Baa2.tr B1 B1 D-

Fitch Moody’s

AA-(Trk) BBB- BBB-

JCR

Corporate Governance Rating 2007 2008 2009 2010 2011 2012 2012* 2013 2014 2015 70.16 81.36 86.64 87.60 88.21 90.95 90.74 90.91 91.10 91.70

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BRANCH NETWORK AND BUSINESS SEGMENTS

 9 regional offices  273 Branches 71 cities and 180 rural district  66% of branches are located in Anatolia (out of three big cities)

>10 Branches 6-10 Branches 2-5 Branches Single Branch No Branch

Broad- based Branch Network Business Segments

  • SME and Agricultural Banking: Focused on segments with annual sales of up to TL 40

million; especially on micro and small businesses including farmers.

  • Corporate and Commercial Banking: Services clients with revenues above TL 40 million
  • ffering product development, cash management, trade and project finance.
  • Retail Banking: Provides a broad range of products including deposits, loans, credit and

debit cards, investment accounts, utility payment services, gold accounts and payroll services

G.Hane Trabzon Adıyaman Burdur Nevşehir İstanbul Edirne Çanakkale Bursa İzmir Aydın Muğla Denizli Antalya Eskişehir Ankara Konya Karaman İ Adana H G.Antep K.Maraş Kayseri Malatya Diyarbakır Samsun Kırıkkale Manisa Bingöl Bitlis H Mardin Muş Siirt Ş.Urfa Şırnak Van Bayburt Giresun Kastomunu Sinop Zonguldak Ağrı Artvin Erzincan Erzurum Iğdır Kar Amasya Elazığ Sivas Tokat Tunceli Çankırı Ordu Kırşehir Kütahya Uşak Yozgat Aksaray Rize Bilecik Balıkesir Afyon Isparta Niğde Çorum

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Asset Structure (Mln TRL)

11,39% 11,07% 9,00% 68,55% 69,48% 71,21% 12,30% 11,34% 10,87% 7,76% 8,11% 8,91%

YE2015 Q32015 Q32016

Cash Loans Securities Other

Liability Structure (Mln TRL)

60,89% 62,70% 64,97% 24,25% 21,77% 19,53% 10,35% 10,20% 10,70% 4,51% 5,32% 4,80%

YE2015 Q32015 Q32016

Deposits Borrowing Equity Other Ratios 30.09.2016 LC Assets / Assets 82,08% Loans / Assets 71,21% Securities / Assets 10,87% Loan Loss Provision Ratio 45,38% NPL Ratio 6,24% Ratios 30.09.2016 Deposits / Liabilities 64,97% Deposits up to 3 months / Deposits 85,53% LC Deposits / Deposits 72,57% Loans / Deposits 109,61% Borrowings / Liabilities 19,53% 24.416 24.416

ASSET & LIABILITY STRUCTURE

8 Şekerbank 31.12.2015 31.09.2016

Capital Adequacy Ratio 13,66% 12,92% Tier I Ratio 11.32% 12,23% Int.Exp. / Int.Income 53,73% 57,00% 23.777 22.846 23.777 22.846

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Loan Progress by years (Mln TRL)

16.738 16.521 16.269 5.763 5.779 4.650

YE2015 Q32015 Q32016 Total Cash Total Non Cash

Loan Breakdown by Segments

19,20% 19,28% 22,91% 71,61% 71,30% 66,81% 9,19% 9,42% 10,28%

YE2015 Q32015 Q32016 Corporate SME Retail

LOANS STRUCTURE

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Loan breakdown by currency

15,38% 15,16% 16,19%

84,62% 84,84% 83,81%

YE2015 Q32015 Q32016 FC LC

Retail Loans

67,60% 68,76% 63,52%

16,35% 15,43% 18,74% 1,65% 1,42% 2,27%

11,68% 11,59% 12,74%

2,73% 2,80% 2,73%

YE2015 Q32015 Q32016 General Purpose Mortgage Auto Credit Card Other

LOANS STRUCTURE

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LOANS STRUCTURE con‟t

(as of 30.09.2016)

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22,91% 66,81% 10,28%

Corporate SME Retail

CUSTOMER SEGMENT TURNOVER NUMBER OF CUSTOMERS OUTSTANDING PORTFOLIO SEGMENT / TOTAL LOANS (TRL 000) CORPORATE >TL100 mln 416 3.596.353 22,91% SME COMMERCIAL <TL100 mln 731 2.433.253 66,81% >TL 40 mln MEDIUM <TL 40 mln 3.858 2.548.680 >TL 10 mln SMALL <TL 10 mln 9.754 2.439.450 >TL 1 mln MICRO < TL 1 mln 23.964 685.157 AGRICULTURE 89.922 2.381.441 RETAIL 283.788 1.613.526 10,28% TOTAL 412.433 15.697.860 100,00%

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SLIDE 12

LOANS STRUCTURE con‟t

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Construc uction

  • n

15% 15% Agricult ultur ure 16% 16% Manufac factur uring ng Indus ustry 15% 15% Wholesa esale le&Ret Retail il Trade 17% 17% Transpor

  • rtat

ation ion&Co Comm. 4% 4% Health& h&So Socia ial l Serv. 5% 5% Real Estat ate& e&Rent Rent Services es 6% 6% Other 22% 22%

Cash Loan Breakdown

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SLIDE 13

Securities Breakdown Fixed & Floating Securities (mln TRL)

SECURITIES

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59,02% 26,81% 0,00% 14,17%

Q32016

CPI Linker Floating Discounted Fixed Rates 56,84% 0,49% 42,66%

Q32016

AFS Trading HTM 53,29% 0,36% 46,35%

Q32015

AFS Trading HTM

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Deposit Progress by Years (Mln TRL) Deposit Maturity Structure Deposit breakdown by currency

14.868 14.909 14.843 YE2015 Q32015 Q32016 89% 86% 86% 11% 14% 14% Q32016 Q32015 YE2015

Time Demand 27% 39% 39% 73% 61% 61% Q32016 Q32015 YE2015

FC LC

FUNDING STRUCTURE

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Deposit per Branch (Thousands TRL) Deposits by Segment

49.394 49.531 54.369 YE2015 Q32015 Q32016 15,1% 43,5% 14,5% 12,1%

70,3% 44,4%

Time Demand

SME Corporate Retail

FUNDING STRUCTURE

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Borrowings (TRL 000 ) 31.12.2015 30.09.2015 30.09.2016 Funds borrowed

2.220.233 2.032.411 2.149.378

Interbank money market takings

144.043

  • 340.078

Istanbul Stock Exchange money market takings

  • Funds provided under repurchase

agreements

1.868.656 1.836.257 1.092.831

SME-backed Covered Bond

764.218 444.800 684.589

Local Bonds

425.588 340.123 66.814

Subordinated Loans

498.221 522.629 128.638

Total

5.920.959 5.176.220 4.462.328

FUNDING STRUCTURE con‟t

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FOREIGN BORROWINGS

(as of 30.09.2016)

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Type of Funding Outstanding Amount

Covered Bond (EIB, Private Investors) 240.065.423 USD Subloan (KfW) 4.472.400 USD Syndication 243.415.376 USD Int'l Trade 131.796.532 USD IFI's (OeEB, EBRD, ETDB, KfW, AFD, IFC) 238.663.898 USD Funds (ResponsAbility, GGF, GCPF, EFSE) 93.034.775 USD TOTAL 951.448.405 USD

46,71% 26,05% 18,97% 5,78% 2,49%

MSME Foreign Trade Energy Efficiency Micro Finance Women in Business

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SME COVERED BOND PROGRAM

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 The first ever Turkish covered bond transaction  The first SME backed covered bond in the world  The highest rating ever assigned to any Turkish transaction to date (Baa1) (International Scale Rating from Moody‟s)  Designed as a program to create a sustainable longer term funding source for the SME portfolio

Aaa Aa1 Aa2 Aa3 A1 A2 A3 SKBNK CB Baa1 Baa2 Baa3 Turkey Sovereign Ba1 Ba2 Ba3 Şekerbank B1 B2 B3

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Assets (TRL 000 ) 31.12.2015 30.09.2015 30.09.2016 Cash

2.781.176 2.631.872 2.056.979

Loans net

16.737.565 16.520.771 16.268.893

Securities

3.002.041 2.696.073 2.484.135

Other

1.895.184 1.927.934 2.036.046

Total

24.415.966 23.776.650 22.846.053

Liabilities (TRL 000 ) 31.12.2015 30.09.2015 30.09.2016 Deposits

14.867.633 14.908.844 14.842.666

Borrowings

5.920.959 5.176.220 4.462.328

Equity

2.526.942 2.425.816 2.444.877

Other

1.100.432 1.265.770 1.096.182

Total

24.415.966 23.776.650 22.846.053

Income Statement (TRL 000 ) 31.12.2015 30.09.2015 30.09.2016 Net Interest Income

1.056.385 759.233 811.958

Net Ops. Income

1.368.999 990.861 1.126.543

P&L Before Tax

85.246 60.063 68.360

Period P&L

102.649 70.216 53.935

SUMMARY of FINANCIALS

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4% 28,1 % 7,4 % 15,9 % 11,9 % 28,1 % 12,1 % 4% 28,1 % 7,4 % 15,9 % 11,9 % 28,1 % 12,1 % 4% 28,1 % 7,4 % 15,9 % 11,9 % 28,1 % 12,1 % 4% 28,1 % 7,4 % 15,9 % 11,9 % 28,1 % 12,1 %

Profitability (TRL 000) Q32015 Q32016 Interest on Loans

1.485.036 1.663.654 12,03 %

Interest on Securities

154.987 197.187 27,23 %

Net Interest Income

759.233 811.958 6,94 %

Net Comm. Income

206.181 210.025 1,86%

Net Profit

70.216 53.935

  • 23,19 %

Cost Ratios Q32015 Q32016 Cost/Income

61,96% 58,81 %

NIM

5,54% 5,73 %

Funding Ratios Q32015 Q32016 Loans/ Deposits

110,81 % 109,61%

TRY Loans/ TRY Deposits

149 ,02% 121,31 %

FC Loans/ FC Deposits

43,25 % 64,65 %

Fees & Commissions (TRL 000) Q32015 Q32016 Banking Services

198.642 211.021 6,23 %

Fees from Non-Cash Loans

48.006 47.706

  • 0,62%

Fees & Comm. Rcvd 246.648 258.727

4,90%

Fees & Comm. Paid 40.467 48.702

20,35%

Net Fees & Comm. 206.181 210.025

1,86 %

Cost of Risk Q32015 Q32016 Cost of Risk

1,71 % 2,29 %

FINANCIALS & RATIOS

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CAPITAL ADEQUACY & LIQUIDITY

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 The CAR and the Tier I Ratio higher than the regulatory limits set for those.  A widespread as well as stable deposit base depicted by roll-over rates as high as 82 % lead to a “symmetric structure” with regards to the Bank‟s aggregate cash flow structure:

Regulatory Limit (min) 31.12.2015 30.09.2015 30.09.2016 Capital Adequacy 8%* 13.66% 13,19 12,92% Tier I Ratio 6% 11.32% 10,85 12,23%

*BRSA’s guidance is 12%

6.855.854 3.977.382 3.130.24 .244 4.181.594 2.997.402 2.094.566 1.182.972 812.886

  • 5.184.945
  • 4.344.150
  • 3.273.981
  • 5.329.825
  • 3.225.261
  • 1.960.489
  • 678.114

< 1 1 M 1-3

  • 3 M 3-6
  • 6 M 6-1
  • 12

M 2 Y Y 3 Y Y 4 Y Y 5 Y Y 6 Y Y 7 Y Y 8 Y Y 9 Y Y 10 Y Y 10-1

  • 15

Y 15 Y Y > >

Total On- a l On- and nd Of Off-B

  • Balan

lance She ce Sheet et Liabi Liabilit lities ies Total On- a l On- and nd Of Off-B

  • Balan

lance She ce Sheet A et Assets GAP (Cu (Cumula mulativ ive) e)

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SLIDE 22

DURATION

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Duration 30.09.2016 31.12.2015 Loans 289 days 261 days Total Assets 196 days 188 days Time Deposits 47 days 42 days Total Liabilities 69 days 73 days Duration GAP ≈ 4.5 months ≈ 4 months

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SLIDE 23

Company Capital Shareholding Ratio Şeker Securities 30,000,000 TRL 99.04% Şeker Leasing 45,000,000 TRL 54.13% Şeker Factoring 50,000,000 TRL 99.99% Şekerbank Kıbrıs 21,550,000 TRL 96.11% Şeker Finance 26,000,000 TRL 62.31% Şekerbank International Banking Unit 5,000,000 USD 95.80% Zahlungsdienste GmbH der Şekerbank T.A.Ş. 250,000 EUR 100.00%

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SUBSIDIARIES

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CONTACTS

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The information in this document has been obtained by Sekerbank T.A.Ş. (“Sekerbank”) from sources believed to be reliable. However, Sekerbank cannot guarantee the accuracy, completeness or correctness of such information. This document has been issued for information purposes only. The financial reports and statements announced by Sekerbank to the public and the relevant corporations are accepted to be the sole

  • material. Sekerbank does not accept any liability whatsoever for any direct or

consequential loss arising from any use of this document or its contents due to the misleading information in this document. All estimations contained in this document are the opinions of Sekerbank and can be subject to change without notice. This document can not be interpreted as an advice to the investors and Sekerbank can not be held responsible for the results of investment decisions made on account of this document. This document has been issued specially to the person, whom the document is concerned and may not be reproduced, distributed or shared with third parties for any purpose.

LEGAL NOTICE FOR INVESTORS

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