Turkiye Gdr Rgs Regulatory News (TIBD)

9 May 2006 07:00

Turkiye Is Bankasi08 May 2006 08.05.2006 Is Bank has a 100% Increase in the Net Profit for the First Quarter of 2006: NTL 408 million Is Bank's gross profit in the first quarter of 2006 reached NTL 780 million andwith a net profit of NTL 408 million, the Bank achieved a 100% increase,compared to the same period of the previous year. Having increased its net profit in the first quarter of the year 2006 by 100%compared to the same period of the previous year, Turkiye Is Bankasi gained NTL780 million gross profit. Mr. Ersin Ozince, the Chief Executive Officer of Is Bankasi, made the followingstatements regarding the performance of the Bank in the first quarter of theyear 2006: "2005 has been a historic year in terms of Is Bank's asset growth andprofitability performance. In the year 2006, Is Bank maintained itsprofitability, while on the other hand kept harvesting the fruits of itsgrowth-oriented policies. In the first quarter of the year Is Bank's totalassets reached NTL 65.3 billion, whereas total loans, which consist 36% of totalassets increased by 13.4%. Meanwhile, interest received on loans increased by32.6%, compared to the same period of the previous year. As a result of the substantial increase in Is Bank's performance, especially insavings deposits, commercial deposits and other deposits, which started in theyear 2005 and continued in the first quarter of the current year, Is Bankachieved a 6.6% increase in total deposits, which is higher than the sectoraverage. The change in the composition of deposits in favor of TL deposits,which increased 15%, compared to the end of 2005, has continued in the firstquarter and the share of TL deposits in total deposits, reached 63.6%. Parallelto the TL-oriented movement in the asset composition, which acceleratedespecially in the year 2005, the increase in TL deposits had a positive impacton Is Bank's balance sheet efficiency. Is Bank maintained in the first quarter of 2006 its superiority in generatingnon-interest income and increased its net fees and commission income by 29.2%,compared to the same period of the previous year. With the great interest of theTurkish people and the determination of its employees, Turkiye Is Bankasi willcontinue to rise up to higher ranks in the world league." TURKIYE IS BANKASI A.S. CURRENT PERIOD PREVIOUS PERIODUNCONSOLIDATED BALANCE SHEETASSETS ( 31/03/ ( 31/12/ 2006) 2005)(NTL THOUSAND) TL FC Total TL FC TotalI. CASH AND BALANCES WITH THE 1.741.194 617.715 2.358.909 3.560.364 1.398.610 4.958.974CENTRAL BANK OF TURKEY1.1.Cash 226.126 0 226.126 193.653 0 193.6531.2.Foreign currency 0 83.574 83.574 0 99.211 99.2111.3.Balances with the Central Bank 1.515.068 533.832 2.048.900 3.366.711 1.298.986 4.665.697of Turkey1.4.Others 0 309 309 0 413 413II. TRADING SECURITIES (Net) 497.977 145.217 643.194 827.594 155.053 982.6472.1.Public sector debt securities 495.012 136.579 631.591 824.564 147.961 972.5252.1.1.Government bonds 218.209 136.579 354.788 373.485 147.961 521.4462.1.2.Treasury bills 276.803 0 276.803 451.079 0 451.0792.1.3.Other public sector debt 0 0 0 0 0 0securities2.2. Share certificates 88 0 88 153 0 1532.3.Other marketable securities 2.877 8.638 11.515 2.877 7.092 9.969III. BANKS AND OTHER FINANCIAL 43.489 2.316.922 2.360.411 45.959 3.988.488 4.034.447INSTITUTIONS3.1.Due from banks 43.489 2.316.922 2.360.411 45.959 3.988.488 4.034.4473.1.1.Domestic banks 9 179.538 179.547 6 0 63.1.2.Foreign banks 43.480 2.137.384 2.180.864 45.953 3.988.488 4.034.4413.1.3.Foreign head office and 0 0 0 0 0 0branches3.2.Other financial institutions 0 0 0 0 0 0IV. MONEY MARKET SECURITIES 3.000.000 0 3.000.000 1.776.500 0 1.776.5004.1.Interbank money market 3.000.000 0 3.000.000 1.200.000 0 1.200.000placements4.2.Istanbul Stock Exchange money 0 0 0 0 0 0market placements4.3.Receivables from reverse 0 0 0 576.500 0 576.500repurchase agreementsV. INVESTMENT SECURITIES AVAILABLE 11.816.191 9.902.753 21.718.944 10.275.173 9.998.661 20.273.834FOR SALE (Net)5.1.Share certificates 13.683 0 13.683 13.683 0 13.6835.2.Other marketable securities 11.802.508 9.902.753 21.705.261 10.261.490 9.998.661 20.260.151VI. LOANS 17.317.224 6.215.081 23.532.305 15.729.149 5.020.706 20.749.8556.1.Short term 6.732.226 1.818.187 8.550.413 6.541.787 1.778.823 8.320.6106.2.Medium and long term 10.584.998 4.396.894 14.981.892 9.187.362 3.241.883 12.429.2456.3.Loans under follow-up 1.089.521 1.958 1.091.479 1.051.488 1.947 1.053.4356.4.Specific provisions (-) 1.089.521 1.958 1.091.479 1.051.488 1.947 1.053.435VII. FACTORING RECEIVABLES 0 0 0 0 0 0VIII. INVESTMENT SECURITIES HELD TO 316.541 0 316.541 316.541 0 316.541MATURITY (Net)8.1.Public sector debt securities 316.541 0 316.541 316.541 0 316.5418.1.1.Government bonds 316.541 0 316.541 316.541 0 316.5418.1.2.Treasury bills 0 0 0 0 0 08.1.3.Other public sector debt 0 0 0 0 0 0securities8.2.Other marketable securities 0 0 0 0 0 0IX. INVESTMENTS AND ASSOCIATES (Net) 785.627 0 785.627 825.888 0 825.888 9.1.Financial investments and 48.895 0 48.895 48.895 0 48.895associates9.2.Non-Financial investments and 736.732 0 736.732 776.993 0 776.993associatesX. SUBSIDIARIES (Net) 4.231.427 84.036 4.315.463 3.847.469 83.037 3.930.50610.1.Financial subsidiaries 2.001.658 84.036 2.085.694 1.836.960 83.037 1.919.99710.2.Non-Financial subsidiaries 2.229.769 0 2.229.769 2.010.509 0 2.010.509XI. OTHER INVESTMENTS (Net) 0 0 0 0 0 0XII. FINANCE LEASE RECEIVABLES (Net) 0 0 0 0 0 012.1.Gross finance lease receivables 0 0 0 0 0 012.2.Unearned income ( - ) 0 0 0 0 0 0XIII. RESERVE DEPOSITS 0 1.420.701 1.420.701 0 1.282.828 1.282.828XIV. MISCELLANEOUS RECEIVABLES 33.337 28.280 61.617 54.964 164.248 219.212XV. ACCRUED INTEREST AND INCOME 1.817.583 260.198 2.077.781 1.765.716 232.278 1.997.994RECEIVABLE15.1.Loans 1.098.894 91.013 1.189.907 1.056.557 52.190 1.108.74715.2.Marketable securities 662.586 106.019 768.605 648.101 145.354 793.45515.3.Other 56.103 63.166 119.269 61.058 34.734 95.792XVI. PROPERTY AND EQUIPMENT (Net) 1.728.530 3.394 1.731.924 1.758.632 3.472 1.762.10416.1.Book value 4.612.262 6.332 4.618.594 4.639.531 6.350 4.645.88116.2.Accumulated Depreciation ( - ) 2.883.732 2.938 2.886.670 2.880.899 2.878 2.883.777XVII. INTANGIBLE ASSETS (Net) 1 0 1 1 0 117.1.Goodwill 0 0 0 0 0 017.2.Other 2 0 2 2 0 217.3.Accumulated Amortisation ( - ) 1 0 1 1 0 1XVIII. DEFERRED TAX ASSETS 82.509 0 82.509 0 0 0XIX. OTHER ASSETS 830.961 84.599 915.560 535.648 65.489 601.137TOTAL ASSETS 44.242.591 21.078.896 65.321.487 41.319.598 22.392.870 63.712.468 TURKIYE IS BANKASI A.S. CURRENT PERIOD PREVIOUS PERIODUNCONSOLIDATED BALANCE SHEETLIABILITIES ( 31/03/ ( 31/12/ 2006) 2005)(NTL THOUSAND) TL FC Total TL FC TotalI. DEPOSITS 25.360.203 14.507.605 39.867.808 22.055.305 15.344.674 37.399.9791.1.Bank deposits 894.835 1.055.700 1.950.535 1.122.409 1.339.172 2.461.5811.2.Saving deposits 11.419.627 0 11.419.627 9.945.308 0 9.945.3081.3.Public sector deposits 258.951 0 258.951 82.444 0 82.4441.4.Commercial deposits 7.869.500 0 7.869.500 6.961.131 0 6.961.1311.5.Other institutions deposits 4.917.290 0 4.917.290 3.944.013 0 3.944.0131.6.Foreign currency deposits 0 13.444.612 13.444.612 0 14.005.502 14.005.5021.7.Precious metals vault accounts 0 7.293 7.293 0 0 0II. INTERBANK MONEY MARKET 1.931.431 1.253.181 3.184.612 4.174.931 1.494.660 5.669.5912.1.Interbank money market takings 0 0 0 0 0 02.2.Istanbul Stock Exchange money 0 0 0 0 0 0market takings2.3.Funds provided under repurchase 1.931.431 1.253.181 3.184.612 4.174.931 1.494.660 5.669.591agreementsIII. FUNDS BORROWED 1.699.381 6.788.556 8.487.937 1.632.452 6.553.016 8.185.4683.1.Funds borrowed from the Central 0 0 0 0 0 0Bank of Turkey3.2.Other funds borrowed 1.699.381 6.788.556 8.487.937 1.632.452 6.553.016 8.185.4683.2.1.Domestic banks and 103.741 46.941 150.682 89.742 42.550 132.292institutions3.2.2.Foreign banks, institutions 1.595.640 6.741.615 8.337.255 1.542.710 6.510.466 8.053.176and fundsIV. MARKETABLE SECURITIES ISSUED 0 0 0 0 0 0(Net)4.1.Bills 0 0 0 0 0 04.2.Asset backed securities 0 0 0 0 0 04.3.Bonds 0 0 0 0 0 0V. FUNDS 0 0 0 0 0 0VI. MISCELLANEOUS PAYABLES 322.271 27.934 350.205 295.283 84.086 379.369VII. OTHER EXTERNAL RESOURCES 285.397 276.521 561.918 55.642 207.845 263.487VIII. TAXES AND OTHER DUTIES PAYABLE 56.558 131 56.689 63.809 129 63.938IX. FACTORING PAYABLES 0 0 0 0 0 0X. FINANCE LEASING PAYABLES (Net) 0 57.469 57.469 0 55.877 55.87710.1.Finance Leasing Payables 0 62.729 62.729 0 60.820 60.82010.2.Deferred finance leasing 0 5.260 5.260 0 4.943 4.943expenses ( - )XI. ACCRUED INTEREST AND EXPENSES 428.721 153.998 582.719 382.488 138.509 520.997PAYABLE11.1.Deposits 298.035 43.576 341.611 273.733 36.144 309.87711.2.Borrowings 110.728 34.985 145.713 87.695 31.186 118.88111.3.Repurchase agreements 718 25.802 26.520 4.205 19.399 23.60411.4.Other 19.240 49.635 68.875 16.855 51.780 68.635XII. PROVISIONS 1.508.060 108.186 1.616.246 1.374.621 111.745 1.486.36612.1.General provisions 149.908 425 150.333 148.827 436 149.26312.2.Reserve for employee 29.956 0 29.956 30.593 0 30.593termination benefits12.3.Provisions for income taxes 860.536 0 860.536 743.425 0 743.42512.4.Insurance technical reserves 0 0 0 0 0 0(Net)12.5.Other provisions 467.660 107.761 575.421 451.776 111.309 563.085XIII. SUBORDINATED LOANS 0 0 0 0 0 0XIV. DEFERRED TAX LIABILITIES 0 0 0 10.053 0 10.053XV. SHAREHOLDERS' EQUITY 10.279.846 276.038 10.555.884 9.383.782 293.561 9.677.34315.1.Paid-in capital 1.968.942 0 1.968.942 1.968.942 0 1.968.94215.2.Capital Reserves 5.458.738 276.038 5.734.776 4.971.782 293.561 5.265.34315.2.1.Share premium 3.694 0 3.694 3.694 0 3.69415.2.2.Share cancellation profits 0 0 0 0 0 015.2.3.Marketable securities value 2.912.619 276.038 3.188.657 2.427.082 293.561 2.720.643increase fund15.2.4.Revaluation fund 71.810 0 71.810 70.391 0 70.39115.2.5.Value increase in revaluation 99.303 0 99.303 99.303 0 99.303fund15.2.6.Other capital reserves 2.371.312 0 2.371.312 2.371.312 0 2.371.31215.2.7.Difference arising from the 0 0 0 0 0 0restatement of paid-in capital15.3.Profit reserves 1.488.223 0 1.488.223 1.487.430 0 1.487.43015.3.1.Legal reserves 848.152 0 848.152 848.152 0 848.15215.3.2.Status reserves 0 0 0 0 0 015.3.3.Extraordinary reserves 638.866 0 638.866 638.866 0 638.86615.3.4.Other profit reserves 1.205 0 1.205 412 0 41215.4. Profit or loss 1.363.943 0 1.363.943 955.628 0 955.62815.4.1.Prior year income/loss 955.628 0 955.628 0 0 015.4.2.Current year income/loss 408.315 0 408.315 955.628 0 955.628TOTAL LIABILITIES 41.871.868 23.449.619 65.321.487 39.428.366 24.284.102 63.712.468 TURKIYE IS BANKASI A.S. INCOME STATEMENT NTL THOUSANDINCOME STATEMENT CURRENT PREVIOUS PERIOD PERIOD ( 31/03/ (31.03.2005) 2006)I. INTEREST INCOME 1.639.531 1.195.0951.1.Interest on loans 878.860 662.3971.1.1.Interest on TL loans 762.681 588.2581.1.1.1.Short term loans 333.655 341.9871.1.1.2.Medium and long term loans 429.026 246.2711.1.2.Interest on foreign currency loans 105.404 63.1471.1.2.1.Short term loans 28.113 25.7381.1.2.2.Medium and long term loans 77.291 37.4091.1.3.Interest on loans under follow-up 10.775 10.9921.1.4.Premiums received from Resource 0 0Utilisation Support Fund1.2.Interest received from reserve deposits 37.174 25.3961.3.Interest received from banks 23.644 6.5271.3.1.The Central Bank of Turkey 145 131.3.2.Domestic banks 1.514 1.1681.3.3.Foreign banks 21.985 5.3461.3.4.Branches and offices abroad 0 01.4.Interest received from money market 9.596 856transactions1.5.Interest received from marketable 664.368 475.845securities portfolio1.5.1.Trading securities 27.532 25.3701.5.2.Available-for-sale securities 624.012 443.8521.5.3.Held to maturity securities 12.824 6.6231.6.Other interest income 25.889 24.074II. INTEREST EXPENSE 1.006.405 572.7822.1.Interest on deposits 796.188 466.7542.1.1.Bank deposits 15.853 11.3862.1.2.Saving deposits 320.257 277.8312.1.3.Public sector deposits 4.117 8472.1.4.Commercial deposits 259.360 51.6202.1.5.Other institutions deposits 116.749 75.6202.1.6.Foreign currency deposits 79.852 49.4502.1.7.Precious metals vault accounts 0 02.2.Interest on money market transactions 56.725 62.4932.3.Interest on funds borrowed 147.977 40.5412.3.1.The Central Bank of Turkey 0 02.3.2.Domestic banks 3.424 5.0492.3.3.Foreign banks 144.553 35.4922.3.4.Foreign head office and branches 0 02.3.5.Other financial institutions 0 02.4.Interest on securities issued 0 02.5.Other interest expense 5.515 2.994III. NET INTEREST INCOME (I - II) 633.126 622.313IV. NET FEES AND COMMISSIONS INCOME 267.028 206.6734.1.Fees and commissions received 288.770 233.2364.1.1.Cash loans 30.485 14.0574.1.2.Non-cash loans 19.476 17.1154.1.3.Other 238.809 202.0644.2.Fees and commissions paid 21.742 26.5634.2.1.Cash loans 3.907 2.2854.2.2.Non-cash loans 2 34.2.3.Other 17.833 24.275V. DIVIDEND INCOME 603 8755.1.Trading securities 0 05.2.Available-for-sale securities 603 875VI. NET TRADING INCOME 2.818 120.5766.1.Profit/losses on trading account securities 1.466 96.395(Net)6.1.1 Profit on trading account securities 136.699 129.7596.1.1.1 Profit on derivative financial 73.514 18.422instruments6.1.1.2 Other 63.185 111.3376.1.2. Losses on trading account securities 135.233 33.364(-)6.1.2.1 Losses on derivative financial 78.537 18.957instruments6.1.2.2 Other 56.696 14.4076.2.Foreign exchange gains/losses (Net) 1.352 24.1816.2.1 Foreign exchange gains 2.314.861 578.0756.2.2 Foreign exchange losses (-) 2.313.509 553.894VII. OTHER OPERATING INCOME 296.875 119.674VIII. TOTAL OPERATING INCOME (III+IV+V+VI+VII) 1.200.450 1.070.111IX. PROVISION FOR LOAN LOSSES OR OTHER 320.543 318.573RECEIVABLES (-)X. OTHER OPERATING EXPENSES (-) 434.036 386.615XI. NET OPERATING INCOME (VIII-IX-X) 445.871 364.923XII. PROFIT/LOSSES FROM ASSOCIATES AND 13.919 6.682SUBSIDIARIESXIII. NET MONETARY POSITION INCOME/EXPENSE 0 0XIV. INCOME BEFORE TAXES (XI+XII+XIII) 459.790 371.605XV. PROVISION FOR TAXES ON INCOME (-) 51.475 167.28015.1. Current Provision for Tax 136.307 167.28015.2. Deferred Provision for Tax -84.832 0XVI. NET OPERATING INCOME/EXPENSE AFTER TAXES 408.315 204.325(XIV-XV)XVII. EXTRAORDINARY INCOME/EXPENSE AFTER TAXES 0 117.1.Extraordinary net income/expense before 0 1taxes17.1.1.Extraordinary income 0 517.1.2.Extraordinary expense (-) 0 417.2.Provision for taxes on extraordinary 0 0income (-)XVIII. NET PERIOD PROFIT/LOSS (XVI+XVII) 408.315 204.326 This information is provided by RNS The company news service from the London Stock Exchange