Turkiye Gdr Rgs Regulatory News (TIBD)

12 Nov 2007 07:00

Turkiye Is Bankasi09 November 2007 Is Bank has a 90% Increase in the Net Profit for the Third Quarter of 2007: TRY 1,360 million In the third quarter of the year 2007, Is Bank kept increasing its performancethrough its funding and placement policies. Is Bank maintained its continuouseffort to keep cost of funding under control, while increasing its interestincome by 22%. In this context, having increased its TRY saving deposits by %22compared to 2006 year end, Is Bank managed to keep the cost of widespread andpermanent deposits at a moderate level, which are believed to be the Bank'sutmost power and succeeded in increasing the yield in assets while improving theasset quality. Is Bank's net interest income increased by 5%, while its net commissions andfees income increased by 14% on a year on year base. On the other hand, the 167%increase in the profit on trading account securities, which has reached TRY 391million, shows that Is Bank utilized the current market conditions excessivelyand made use of the opportunities offered by its widespread customer base in thebest way via marketing and sales of the on and off-balance sheet products. As aresult of these improvements, Is Bank's return on average assets and equitiesincreased remarkably compared to the same period of the previous year. In the last quarter, the growth of TRY loans gained a little momentum andincreased by 4%. In the last 9 months period, the growth rate of short term cashand general purpose loans, which are the most important factors of this period'splacements, has reached 44%. Despite the 9% increase in Is Bank's FC loans on aUSD basis, in the third quarter, FC loans had limited impact on total loans dueto the considerable decrease in foreign currency rates. As at the end of thethird quarter 2007, the share of total loans in total assets reached 42%, thanksto the Bank's prudent placement policy and collections during the period, theshare of non performing loans in the total loans decreased to 4.1% from 4.4%. Is Bank's increasing profitability and the positive developments in thefinancial markets contributed significantly to the growth of shareholders'equity by 17% and the capital adequacy reaching to the level of 20.8%, whichinspires confidence to Is Bank in making use of the growth opportunities in thecoming period. With its shareholders' equity amounting to USD 9 billion, Is Bank has gainedremarkable capital strength both in the domestic and the international arena,during the period in which the foreign loan markets were going through thenegative effects caused by the mortgage crisis in the USA. Is Bank, willmaintain its determination in growing with solid and secure steps, by using thiscapital strength, achieved by its active and prudent approach followedtraditionally, to create high quality and high yielding assets. TURKIYE IS BANKASI A.S. UNCONSOLIDATED BALANCE SHEET TRY THOUSAND CURRENT PERIOD PREVIOUS PERIODASSETS ( 30/09/2007) ( 31/12/2006) TRY FX Total TRY FX TotalI. CASH AND BALANCES WITH THE CENTRAL BANK OF 3,895,242 2,457,694 6,352,936 3,055,130 2,540,976 5,596,106TURKEYII. FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT 470,595 57,992 528,587 293,429 45,413 338,842AND LOSS (Net)2.1. Trading Financial Assets 174,025 57,182 231,207 254,766 44,926 299,6922.1.1. Government Debt Securities 170,454 48,301 218,755 251,377 35,387 286,7642.1.2. Securities Representing Share in Equity 57 0 57 110 0 1102.1.3. Other Marketable Securities 3,514 8,881 12,395 3,279 9,539 12,8182.2. Financial Assets Classified at Fair Value 0 0 0 0 0 0Through Profit and Loss2.2.1. Government Debt Securities 0 0 0 0 0 02.2.2. Securities Representing Share in Equity 0 0 0 0 0 02.2.3. Other Marketable Securities 0 0 0 0 0 02.3. Trading Derivative Financial Assets 296,570 810 297,380 38,663 487 39,150III. BANKS AND OTHER FINANCIAL INSTITUTIONS 113,554 5,351,662 5,465,216 67,702 6,385,961 6,453,663IV. RECEIVABLES FROM INTERBANK MONEY MARKETS 0 0 0 0 0 04.1. Interbank Money Market Placements 0 0 0 0 0 04.2. Istanbul Stock Exchange Money Market 0 0 0 0 0 0Placements4.3. Receivables from Reverse Repurchase Agreements 0 0 0 0 0 0V. FINANCIAL ASSETS AVAILABLE-FOR-SALE (Net) 11,282,643 11,411,751 22,694,394 14,151,427 11,868,318 26,019,7455.1. Securities Representing Share in Equity 13,640 0 13,640 13,441 0 13,4415.2. Government Debt Securities 11,269,003 9,590,131 20,859,134 14,137,986 11,012,050 25,150,0365.3. Other Marketable Securities 0 1,821,620 1,821,620 0 856,268 856,268VI. LOANS 24,014,447 8,111,165 32,125,612 22,352,733 7,465,583 29,818,3166.1. Loans 24,014,447 8,111,165 32,125,612 22,352,733 7,465,583 29,818,3166.2. Loans Under Follow-up 1,355,862 2,969 1,358,831 1,161,247 2,968 1,164,2156.3. Specific Provisions (-) 1,355,862 2,969 1,358,831 1,161,247 2,968 1,164,215VII. FACTORING RECEIVABLES 0 0 0 0 0 0VIII. INVESTMENTS HELD-TO-MATURITY (Net) 1,538,903 0 1,538,903 0 0 08.1. Government Debt Securities 1,538,903 0 1,538,903 0 0 08.2. Other Marketable Securities 0 0 0 0 0 0IX. INVESTMENTS AND ASSOCIATES (Net) 766,434 0 766,434 785,129 0 785,1299.1. Investments and Associates Consolidated under 0 0 0 0 0 0Equity Method9.2. Unconsolidated Investments and Associates 766,434 0 766,434 785,129 0 785,1299.2.1. Financial Investments and Associates 48,895 0 48,895 48,895 0 48,8959.2.2. Non-Financial Investments and Associates 717,539 0 717,539 736,234 0 736,234X. SUBSIDIARIES (Net) 4,475,597 41,710 4,517,307 3,864,385 45,493 3,909,87810.1. Unconsolidated Financial Subsidiaries 2,171,453 41,710 2,213,163 1,834,724 45,493 1,880,21710.2. Unconsolidated Non-Financial Subsidiaries 2,304,144 0 2,304,144 2,029,661 0 2,029,661XI. JOINTLY CONTROLLED ASSOCIATES (Net) 0 0 0 0 0 011.1. Jointly Controlled Associates Consolidated 0 0 0 0 0 0under Equity Method11.2. Unconsolidated Jointly Controlled Associates 0 0 0 0 0 011.2.1. Financial Jointly Controlled Associates 0 0 0 0 0 011.2.2. Non-Financial Jointly Controlled Associates 0 0 0 0 0 0XII. LEASE RECEIVABLES (Net) 0 0 0 0 0 012.1. Financial Lease Receivables 0 0 0 0 0 012.2. Operational Lease Receivables 0 0 0 0 0 012.3. Other 0 0 0 0 0 012.4. Unearned Income ( - ) 0 0 0 0 0 0XIII. DERIVATIVE FINANCIAL ASSETS FOR HEDGING 0 0 0 0 0 013.1. Fair Value Hedging 0 0 0 0 0 013.2. Cash Flow Hedging 0 0 0 0 0 013.3. Net Foreign Investment Hedging 0 0 0 0 0 0XIV. PROPERTY AND EQUIPMENT (Net) 1,752,553 3,129 1,755,682 1,762,634 3,703 1,766,337XV. INTANGIBLE ASSETS (Net) 38,566 0 38,566 15,328 0 15,32815.1. Goodwill 0 0 0 0 0 015.2. Other 38,566 0 38,566 15,328 0 15,328XVI. TAX ASSETS 240,984 0 240,984 263,707 0 263,70716.1. Current Tax Assets 0 0 0 0 0 016.2. Deferred Tax Assets 240,984 0 240,984 263,707 0 263,707XVII. ASSETS HELD FOR SALE (Net) 10,605 0 10,605 14,843 0 14,843XIX. OTHER ASSETS 288,257 137,688 425,945 173,018 49,846 222,864TOTAL ASSETS 48,888,380 27,572,791 76,461,171 46,799,465 28,405,293 75,204,758 TURKIYE IS BANKASI A.S. UNCONSOLIDATED BALANCE SHEET TRY THOUSAND CURRENT PERIOD PREVIOUS PERIODLIABILITIES ( 30/09/2007) ( 31/12/2006) TRY FX Total TRY FX TotalI. DEPOSITS 27,830,688 15,668,446 43,499,134 28,288,192 18,111,163 46,399,355II. TRADING DERIVATIVE FINANCIAL LIABILITIES 376 99,706 100,082 151 45,018 45,169III. FUNDS BORROWED 3,325,063 7,154,817 10,479,880 2,952,181 7,577,774 10,529,955IV. INTERBANK MONEY MARKET PAYABLES 3,806,784 2,937,134 6,743,918 1,965,086 3,399,167 5,364,2534.1. Interbank Money Market Payables 0 0 0 0 0 04.2. Istanbul Stock Exchange Money Market Payables 0 0 0 0 0 04.3. Funds Provided Under Repurchase Agreements 3,806,784 2,937,134 6,743,918 1,965,086 3,399,167 5,364,253V. MARKETABLE SECURITIES ISSUED (Net) 0 0 0 0 0 05.1. Bills 0 0 0 0 0 05.2. Asset-backed Securities 0 0 0 0 0 05.3. Bonds 0 0 0 0 0 0VI. FUNDS 0 0 0 0 0 0VII. MISCELLANEOUS PAYABLES 1,400,637 23,976 1,424,613 1,033,264 124,037 1,157,301VIII. OTHER EXTERNAL RESOURCES 194,873 700,710 895,583 46,490 98,484 144,974IX. FACTORING PAYABLES 0 0 0 0 0 0X. LEASE PAYABLES (Net) 895 58,494 59,389 0 72,311 72,31110.1. Financial Lease Payables 1,020 65,292 66,312 0 80,328 80,32810.2. Operational Lease Payables 0 0 0 0 0 010.3. Other 0 0 0 0 0 010.4. Deferred Financial Lease Expenses ( - ) 125 6,798 6,923 0 8,017 8,017XI. DERIVATIVE FINANCIAL LIABILITIES FOR HEDGING 0 0 0 0 0 011.1. Fair Value Hedging 0 0 0 0 0 011.2. Cash Flow Hedging 0 0 0 0 0 011.3. Net Foreign Investment Hedging 0 0 0 0 0 0XII. PROVISIONS 1,916,288 81,730 1,998,018 1,735,826 107,321 1,843,14712.1. General Provisions 253,791 383 254,174 216,550 458 217,00812.2. Provision for Restructuring 0 0 0 0 0 012.3. Reserves for Employee Benefits 143,369 0 143,369 124,654 0 124,65412.4. Insurance Technical Reserves (Net) 0 0 0 0 0 012.5. Other Provisions 1,519,128 81,347 1,600,475 1,394,622 106,863 1,501,485XII. TAX LIABILITIES 255,757 203 255,960 237,974 161 238,13513.1. Current Tax Liabilities 255,757 203 255,960 237,974 161 238,13513.2. Deferred Tax Liabilities 0 0 0 0 0 0XIV. LIABILITIES HELD FOR SALE 0 0 0 0 0 0XV. SUBORDINATED LOANS 0 0 0 0 0 0XVI. SHAREHOLDERS' EQUITY 11,004,674 -80 11,004,594 9,376,285 33,873 9,410,15816.1. Paid-in Capital 2,756,585 0 2,756,585 2,756,585 0 2,756,58516.2. Capital Reserves 4,039,150 -80 4,039,070 3,284,465 33,873 3,318,33816.2.1. Share premium 3,694 0 3,694 3,694 0 3,69416.2.2. Share Cancellation Profits 0 0 0 0 0 016.2.3. Marketable Securities Value Increase Fund 2,057,965 -80 2,057,885 1,303,280 33,873 1,337,15316.2.4. Revaluation Surplus on Tangible Fixed 0 0 0 0 0 0Assets16.2.5. Revaluation Surplus on Intangible Fixed 0 0 0 0 0 0Assets16.2.6. Bonus Shares from Investments and 0 0 0 0 0 0Associates, Subsidiaries and Jointly ControlledAssociates16.2.7. Hedge Funds (Effective Portion) 0 0 0 0 0 016.2.8. Revaluation Surplus on Assets Held for 0 0 0 0 0 0Trading Purposes16.2.9. Other Capital Reserves 1,977,491 0 1,977,491 1,977,491 0 1,977,49116.3. Profit Reserves 2,849,095 0 2,849,095 1,844,196 0 1,844,19616.3.1. Legal Reserves 1,012,375 0 1,012,375 923,041 0 923,04116.3.2. Status Reserves 0 0 0 0 0 016.3.3. Extraordinary Reserves 1,845,621 0 1,845,621 921,953 0 921,95316.3.4. Other Profit Reserves -8,901 0 -8,901 -798 0 -79816.4. Profit or Loss 1,359,844 0 1,359,844 1,491,039 0 1,491,03916.4.1. Prior Years' Profit/Loss 0 0 0 381,821 0 381,82116.4.2. Current Year Profit/Loss 1,359,844 0 1,359,844 1,109,218 0 1,109,218TOTAL LIABILITIES 49,736,035 26,725,136 76,461,171 45,635,449 29,569,309 75,204,758 TURKIYE IS BANKASI A.S. INCOME STATEMENT TRY THOUSANDINCOME STATEMENT CURRENT PREVIOUS CURRENT PREVIOUS PERIOD PERIOD PERIOD PERIOD ( 30/09/ ( 30/09/ (01/07/2007 (01/07/2006 2007) 2006) -30/09/ -30/09/ 2007) 2006)I. INTEREST INCOME 6,719,664 5,499,573 2,271,956 1,951,8271.1. Interest Income on Loans 3,760,551 2,956,906 1,330,438 1,025,1791.2. Interest Received from Reserve Deposits 209,599 144,195 72,197 60,1921.3. Interest Received from Banks 199,406 83,991 68,595 35,8321.4. Interest Received from Money Market Transactions 3,771 17,393 346 8861.5. Interest Received from Marketable Securities Portfolio 2,462,245 2,214,766 781,804 795,8431.5.1. Trading Financial Assets 41,861 41,435 8,703 12,4121.5.2. Financial Assets at Fair Value Through Profit and Loss 0 0 0 01.5.3. Available-for-sale Financial Assets 2,407,212 2,145,192 760,135 783,4311.5.4. Held to Maturity Investments 13,172 28,139 12,966 01.6. Financial Lease Income 0 0 0 01.7. Other Interest Income 84,092 82,322 18,576 33,895II. INTEREST EXPENSE 4,673,318 3,542,823 1,541,237 1,367,6852.1. Interest on Deposits 3,558,487 2,788,673 1,152,326 1,071,2732.2. Interest on Funds Borrowed 677,263 496,728 241,364 186,6292.3. Interest on Money Market Transactions 413,725 245,400 136,859 106,8392.4. Interest on Securities Issued 0 0 0 02.5. Other Interest Expense 23,843 12,022 10,688 2,944III. NET INTEREST INCOME (I - II) 2,046,346 1,956,750 730,719 584,142IV. NET FEES AND COMMISSIONS INCOME 854,719 747,553 295,993 228,7644.1. Fees and Commissions Received 961,655 829,157 334,396 259,9474.1.1. Cash Loans 95,047 71,030 33,211 20,8034.1.2. Non-cash Loans 61,007 59,379 20,326 20,9064.1.3. Other 805,601 698,748 280,859 218,2384.2. Fees and Commissions Paid 106,936 81,604 38,403 31,1834.2.1. Cash Loans 24,280 23,917 7,732 9,4244.2.2. Non-cash Loans 89 4 28 14.2.3. Other 82,567 57,683 30,643 21,758V. DIVIDEND INCOME 136,531 71,623 947 9,763VI. TRADING INCOME (NET) 317,883 47,900 114,789 84,9136.1. Profit/Losses on Trading Account Securities 390,990 146,376 183,546 -55,6936.2. Foreign Exchange Gains/Losses -73,107 -98,476 -68,757 140,606VII. OTHER OPERATING INCOME 505,753 555,355 224,926 63,054VIII. TOTAL OPERATING INCOME (III+IV+V+VI+VII) 3,861,232 3,379,181 1,367,374 970,636IX. PROVISION FOR LOAN LOSSES OR OTHER RECEIVABLES (-) 642,984 873,780 88,230 169,993X. OTHER OPERATING EXPENSES (-) 1,535,617 1,337,159 534,711 451,829XI. NET OPERATING INCOME (VIII-IX-X) 1,682,631 1,168,242 744,433 348,814XII. EXCESS AMOUNT OF INCOME AFTER MERGER 0 0 0 0XIII. PROFIT/LOSSES FROM ASSOCIATES AND SUBSIDIARIES CONSOLIDATED 0 0 0 0UNDER EQUITY METHODXIV. NET MONETARY POSITION GAIN/LOSS 0 0 0 0XV. INCOME BEFORE TAXES (XI+XII+XIII+XIV) 1,682,631 1,168,242 744,433 348,814XVI. PROVISION FOR TAXES ON INCOME (+/-) 322,787 451,193 150,344 80,68516.1. Current Provision for Tax 334,954 165,251 134,824 157,68216.2. Deferred Provision for Tax -12,167 285,942 15,520 -76,997XVII. NET OPERATING INCOME/EXPENSE AFTER TAXES (XV +/- XVI) 1,359,844 717,049 594,089 268,12917.1. Ceased Operations 0 0 0 017.2. Other 1,359,844 717,049 594,089 268,129XVIII. NET PERIOD PROFIT/LOSS (XVIII+XIX) 1,359,844 717,049 594,089 268,129Earnings/Losses per Share (in full TRY) 0.019731655 0.010404549 0.008620371 0.003890607 CAPITAL ADEQUACY STANDARD RATIO The Bank's capital adequacy ratio is 20.82 %. The capital adequacy standard ratio is calculated by risk weighting ofrisk-weighted assets and non-cash loans in accordance with the relevantlegislation, and by adding to the risk-weighted assets the value subject to riskdetermined by use of the Standard Method. Information related to capital adequacy ratio: Risk Weights Bank Only 0% 20% 50% 100%Amount Subject to Credit RiskBalance Sheet Items (Net) 9,493,092 5,219,540 15,238,614 23,119,702Cash 333,800 547 0 0Securities in Redemption 0 0 0 0The Central Bank of Turkey 4,234,524 0 0 0Domestic and Foreign Banks, Foreign Head 0 5,153,584 0 235,202Offices and BranchesInterbank Money Market Placements 0 0 0 0Receivables from Reverse Repo Transactions 0 0 0 0Reserve Deposits 1,711,865 0 0 0Loans 1,092,651 1,981 14,890,299 15,154,334Loans under Follow-Up (Net) 0 0 0 0Lease Receivables 0 0 0 0Marketable Securities Available-for-Sale 0 0 0 0Marketable Securities Held to Maturity 1,525,935 0 0 0Receivables from Forward Sale of Assets 0 0 0 444Miscellaneous Receivables 6 0 0 161,476Accrued Interest and Income 101,017 63,428 348,315 652,021Investments and Associates, Subsidiaries 0 0 0 5,081,307andJointly-controlled AssociatesTangible Fixed Assets 0 0 0 1,738,792Other Assets 493,294 0 0 96,126Off Balance Sheet Items 47,902 2,333,053 526,921 5,743,191Non-cash Loans and Commitments 47,902 1,883,289 526,921 5,740,612Derivative Financial Instruments 0 449,764 0 2,579Non- Risk-Weighted Accounts 0 0 0 0Total Risk Weighted Assets 9,540,994 7,552,593 15,765,535 28,862,893 Summary information about the bank only capital adequacy ratio: Current Period Prior PeriodAmount Subject to Credit Risk (ASCR) 38,256,179 35,970,835Amount Subject to Market Risk (ASMR) 3,826,463 861,700Amount Subject to Operational Risk (ASOR) 5,816,076 -Shareholders' Equity 9,972,156 8,793,538Shareholders' Equity /(ASCR+ASMR+ASOR)*100 20.82 23.87ASCR: Amount Subject to Credit RiskASMR:Amount Subject to Market RiskASOR: Amount Subject to Operational Risk Information about the shareholders' equity items: Current Period Prior Period (30.09.2007) (31.12.2006)CORE CAPITALPaid-In Capital 2,756,585 2,756,585Nominal Capital 2,756,585 2,756,585Capital Commitments (-) 0 0Capital Reserves from Inflation Adjustments to Paid-in Capital 1,977,491 1,977,491Share Premium 3,694 3,694Share Cancellation Profits 0 0Legal Reserves 1,012,375 923,041I. Legal Reserve (Turkish Commercial Code 466/1) 934,240 878,927II. Legal Reserve (Turkish Commercial Code 466/2) 78,135 44,114Reserves Allocated due to Special Laws 0 0Status Reserves 0 0Other Profit Reserves -8,901 -30,025(*)Extraordinary Reserves 1,845,621 921,953Reserves Allocated by the General Assembly 1,842,682 921,953Retained Earnings 2,939 0Accumulated Loss 0 0Foreign Currency Share Capital Exchange Difference 0 0Reserves from Inflation Adjustments to Legal, Status and Extraordinary Reserves 0 0Profit 1,359,844 1,491,039Current Period Profit 1,359,844 1,109,218Prior Periods' Profit 0 381,821Provision for Possible Losses (upto 25% of Core Capital) 250,000 120,000Profit on Sale of Associates, Subsidiaries and Real Estates to be Transferred to 0 0Share CapitalPrimary Subordinated Debt (upto 15% of core Capital) 0 0Loss Excess of Reserves (-) 0 0Current Period Loss 0 0Prior Periods' Loss 0 0Leasehold Improvements (-) 27,495 32,116Prepaid Expenses (-) 136,280 51,787Intangible Fixed Assets (-) 38,566 15,328Deferred Tax Asset excess of 10% of core capital (-) 0 0Limit Excesses as per Paragraph 3 of Article 56 of the Banking Law (-) 0 0Total Core Capital (**) 9,196,709 8,163,778SUPPLEMENTARY CAPITALGeneral Reserves 254,174 217,00845% of Revaluation Surplus Movables 0 045% of Revaluation Surplus on Immovables 0 0Bonus Shares of Associates, Subsidiaries and Jointly-controlled Associates 0 0Primary Subordinated Debt Excluding the Portion included in Core Capital 0 0Secondary Subordinated Debt 0 045% of Securities Value Increase Fund 926,048 614,871Associates and Subsidiaries 918,579 680,852Financial Assets Available for Sale 7,469 -65,981Inflation Adjustments to Capital Reserves, Profit Reserves and Prior Periods' Profit 0 0/Loss (excluding the inflationadjustments to legal reserves, status reserves and extraordinary reserves)Total Supplementary Capital 1,180,222 831,879 TIER III CAPITAL 0 0 CAPITAL 10,376,931 8,995,657 DEDUCTIONS FROM THE CAPITAL 404,775 202,119 Unconsolidated investments in entities (domestic/foreign) operating in Banking and 202,434 102,888Financial Sectors at 10% or moreInvestments in entities (domestic/foreign) operating in Banking and Financial Sectors 0 0at less than 10% exceeding 10% or more of the total core and supplementary capitalsLoans to banks, financial institutions (domestic/foreign) of qualified shareholders 0 0in the form of secondary subordinated debt and debt instruments purchased from suchparties qualified as primary or secondary subordinated debtLoans granted against the articles 50 and 51 of the Banking Law 0 0Net book values of immovables exceeding 50% of the capital and of assets acquired 0 0against overdue receivables and held for sale as per article 57 of the Banking Lawbut retained more than five yearsOthers 0 0 TOTAL SHAREHOLDERS' EQUITY 9,972,156 8,793,538 (*) TRY (29,227) of the relavant amount stems from the exchange rate differencesarising from subsidiaries presented in Other Profit Reserves in the financialstatements dated 31.12.2006, are followed under Marketable SecuritiesRevaluation Fund, in line with the provisions of the Uniform Code of Accounts(UCA) and the Explanatory Manual, which was published in the Official Gazettedated 26.01.2007 and nr. 26415 and came into effect as at 01.01.2007. (**) Leasehold improvements, prepaid expenses and intangible fixed assets shownunder the core capital, are not included in the total of core capital in accordance with the related regulation, but shown under thedeductions from the capital. MARKET RISK: Amount(I) Capital to be Employed for General Market Risk - Standard Method 243,099(II) Capital to be Employed for Specific Risk - Standard Method 10,628(III) Capital to be Employed for Currency Risk - Standard Method 49,784(IV) Capital to be Employed for Commodity Risk - Standard Method(V) Capital to be Employed for Clearing Risk - Standard Method(VI) Capital to be Employed for Market Risk of Options - Standard Method 2,606(VII) Capital to be Employed for Market Risks of Banks Applying Risk Measurement Models(VIII) Total Capital to be Employed for Market Risk (I+II+III+IV+V+VI) 306,117(IX) Amount Subject to Market Risk (12.5 x VIII) or (12.5 x VII) 3,826,463 Information on currency risk: EURO USD Yen Other FX TotalCurrent PeriodAssetsCash (Cash in Vault, Foreign Currency, 2,410,307 38,909 135 8,343 2,457,694Money in Transit, Cheques Purchased) andBalances with the Central Bank of TurkeyDue from Banks and Other Financial 1,647,805 2,881,333 1,273 821,251 5,351,662Institutions (1)Financial Assets at Fair Value through 2,588 49,075 0 5,589 57,252Profit/Loss (2)Interbank Money Market Placements 0 0 0 0 0Investment Securities Available for Sale 1,296,401 10,115,350 0 0 11,411,751Loans (3) 2,769,461 6,092,011 3,281 55,686 8,920,439Investments in Associates, Subsidiaries 41,710 0 0 0 41,710and Joint-VenturesInvestment Securities Held to Maturity 0 0 0 0 0Derivative Financial Assets Held for Risk 0 0 0 0 0 ManagementTangible Assets (2) 0 53 0 211 264Intangible Assets 0 0 0 0 0Other Assets (2) 542 10,738 15 328 11,623Total Assets 8,168,814 19,187,469 4,704 891,408 28,252,395 LiabilitiesBanks Deposits 60,021 232,949 6 43,835 336,811Foreign Currency Deposits (4) 6,757,225 7,751,302 6,517 816,591 15,331,635Interbank Funds 668,528 2,268,606 0 0 2,937,134Funds Provided from Other Financial 19,391 7,125,491 662 9,273 7,154,817InstitutionsMarketable Securities Issued 0 0 0 0 0Miscellaneous Payables 2,798 19,530 19 1,629 23,976Derivative Financial Liabilities Held for 0 0 0 0 0Risk ManagementOther Liabilities (2) 101,093 724,407 978 17,494 843,972Total Liabilities 7,609,056 18,122,285 8,182 888,822 26,628,345 Net On Balance Sheet Position 559,758 1,065,184 -3,478 2,586 1,624,050Net Off Balance Sheet Position -15,768 -1,812,018 23,413 5,845 -1,798,528Financial Derivative Assets (5) 273,128 3,709,141 52,503 11,153 4,045,925Financial Derivative Liabilities (5) 288,896 5,521,159 29,090 5,308 5,844,453Non-Cash Loans 1,409,522 2,919,467 48,306 65,538 4,442,833Previous PeriodTotal Assets 8,287,006 20,080,043 3,843 902,197 29,273,089Total Liabilities 8,157,498 20,420,839 14,155 900,797 29,493,289Net On Balance Sheet Position 129,508 -340,796 -10,312 1,400 -220,200Net Off Balance Sheet Position -343,866 41,978 0 28,018 -273,870 Derivative Assets 974,756 1,717,987 0 40,309 2,733,052 Derivative Liabilities 1,318,622 1,676,009 0 12,291 3,006,922Non-Cash Loans 1,306,026 3,308,908 56,668 66,868 4,738,470 (1) TRY 664,541 of the asset amount of TRY 821,251 shown in the Other FX columnis in GBP and the remaining TRY 156,710 is in other foreign currencies. (2) In accordance with the principles of the "Regulation on Measurement andPractices of Banks' Net Overall FX Position / Shareholders' Equity Ratio on aConsolidated and Unconsolidated Basis", Derivative Financial Instruments ForeignCurrency Income Accruals (TRY 740), Leasehold Improvements (TRY 2,865), PrepaidExpenses (TRY 126,065) in asset items and General Reserves (TRY 383), DerivativeFinancial Instruments Foreign Currency Expense Accruals (TRY 96,488) andshareholders' equity (TRY -80) in liabilities are not taken into considerationin the currency risk measurement. (3) Includes foreign currency indexed loans, which are followed under TRYaccounts. TRY 524,128 of these loans amounting to TRY 809,274 are USD indexed,TRY 284,982 of them are EUR indexed and TRY 164 of them are chf indexed.. (4) TRY 657,789 of the liability amount of TRY 816,591 shown in the Other FXcolumn is in GBP and TRY 93,306 is in CHF. The remaining TRY 65,496 is in otherforeign currencies. (5) The derivative transactions are taken into consideration within the contextof the forward foreign currency trading definitions in the above mentionedRegulation. Presentation of assets and liabilities according to their remaining maturities: Demand Up to 1 1-3 3-6 6-12 1 Year Not Total Month Months Months Months and Longer Classified (1)Current Period (30.09.2007)AssetsCash (Cash in Vault, Foreign 6,352,936 0 0 0 0 0 0 6,352,936Currency, Money in Transit,Cheques Purchased) andBalanceswith the Central Bank ofTurkeyDue from Banks and Other 305,248 3,110,251 0 10,523 0 2,039,194 0 5,465,216FinancialInstitutionsFinancial Assets at Fair Value 58 96,606 35,368 24,982 204,576 166,997 0 528,587through Profit/LossInterbank Money Market 0 0 0 0 0 0 0 0PlacementsInvestment Securities 55,734 517,280 194,167 698,519 2,818,070 18,410,624 0 22,694,394Available-for-SaleLoans 0 4,462,677 1,709,964 2,833,120 4,983,149 18,136,702 0 32,125,612Investment Securities Held-to- 0 0 0 0 0 1,538,903 0 1,538,903MaturityOther Assets 0 177,814 33,559 248 0 70,165 7,473,737 7,755,523Total Assets 6,713,976 8,364,628 1,973,058 3,567,392 8,005,795 40,362,585 7,473,737 76,461,171LiabilitiesBanks Deposits 304,612 809,440 52,520 6,147 4,782 0 0 1,177,501Other Deposits 7,439,966 27,850,383 4,188,564 1,388,325 1,342,536 111,859 0 42,321,633Funds Provided from Other 0 479,192 263,851 193,091 1,473,131 8,070,615 0 10,479,880Financial InstitutionsInterbank Funds Borrowed 0 4,230,042 1,005,569 344,151 679,784 484,372 0 6,743,918Marketable Securities Issued 0 0 0 0 0 0 0 0Miscellaneous Payables 894,790 507,310 1,452 156 0 20,905 0 1,424,613Other Liabilities 58 489,728 13,506 12,228 324,875 210,413 13,262,818 14,313,626Total Liabilities 8,639,426 34,366,095 5,525,462 1,944,098 3,825,108 8,898,164 13,262,818 76,461,171Liquidity Gap -1,925,450 -26,001,467 -3,552,404 1,623,294 4,180,687 31,464,421 -5,789,081 0Prior Period(31.12.2006)Total Assets 5,988,473 8,772,084 3,744,782 7,809,528 7,000,024 35,076,863 6,813,004 75,204,758Total Liabilities 8,406,085 32,833,894 9,244,035 3,662,381 4,496,372 5,259,245 11,302,746 75,204,758Liquidity Gap -2,417,612 -24,061,810 -5,499,253 4,147,147 2,503,652 29,817,618 -4,489,742 0 (1) Asset items, such as Fixed Assets, Subsidiaries and Associates, OfficeSupply Inventory, Prepaid Expenses and Non-Performing Loans, which are requiredfor banking operations and which can not be converted to cash in short-term, andother liabilities such as Provisions which are not considered as payables andshareholders' equity, are shown in 'Not Classified' column. Information on consumer loans, retail credit cards, personnel loans andpersonnel credit cards: Short-Term Medium and Long- Interest and Total Term Income AccrualsConsumer Loans-LC 362,096 6,691,264 340,958 7,394,318Real Estate Loans 13,661 3,098,407 260,656 3,372,724Automotive Loans 28,103 812,129 42,384 882,616General Purpose Consumer Loans 320,281 2,779,872 37,883 3,138,036Other Consumer Loans 51 856 35 942Consumer Loans - FC Indexed 1,579 104,177 10,508 116,264Real Estate Loans 1,162 92,973 9,614 103,749Automotive Loans 417 11,139 893 12,449General Purpose Consumer Loans 0 65 1 66Other Consumer Loans Indexed to 0 0 0 0FCConsumer Loans - FC 0 0 0 0Real Estate Loans 0 0 0 0Automotive Loans 0 0 0 0General Purpose Consumer Loans 0 0 0 0Other FC Consumer Loans 0 0 0 0Retail Credit Cards-LC 3,012,151 11,133 32,262 3,055,546 Installment Based 955,678 11,133 0 966,811 Other Credit Cards 2,056,473 0 32,262 2,088,735Retail Credit Cards-FC 0 0 0 0 Installment Based 0 0 0 0 Other Credit Cards 0 0 0 0Personnel Loans-LC 16,747 141,898 5,291 163,936Real Estate Loans 164 43,985 3,333 47,482Automotive Loans 157 8,253 404 8,814General Purpose Consumer Loans 16,426 89,651 1,554 107,631Other Consumer Loans 0 9 0 9Personnel Loans- FC Indexed 45 1,725 19 1,789Real Estate Loans 0 1,674 10 1,684Automotive Loans 45 0 0 45General Purpose Consumer Loans 0 51 9 60Other Consumer Loans 0 0 0 0Personnel Loans-FC 0 0 0 0Real Estate Loans 0 0 0 0Automotive Loans 0 0 0 0General Purpose Consumer Loans 0 0 0 0Other Consumer Loans 0 0 0 0Personnel Credit Cards-LC 49,593 0 107 49,700 Installment Based 16,675 0 0 16,675 Other Credit Cards 32,918 0 107 33,025Personnel Credit Cards-FC 0 0 0 0 Installment Based 0 0 0 0 Other Credit Cards 0 0 0 0Overdraft Accounts - TRY (real 257,010 0 9,421 266,431persons)Overdraft Accounts - FC (real 0 0 0 0persons)Total 3,699,221 6,950,197 398,566 11,047,984 Installment based commercial loans and corporate credit cards: Short-Term Medium and Long Interest and Total Term Income AccrualsInstallment Based Commercial 525,345 5,850,022 322,082 6,697,449Loans-LCReal Estate Loans 4,056 386,000 19,245 409,301Automotive Loans 92,595 1,994,058 90,990 2,177,643General Purpose Commercial Loans 401,766 3,118,181 140,823 3,660,770Other Commercial Loans 26,928 351,783 71,024 449,735Installment Based Commercial 14,442 220,406 12,022 246,870Loans-FC IndexedReal Estate Loans 227 28,812 2,971 32,010Automotive Loans 6,717 131,901 7,402 146,020General Purpose Commercial Loans 7,498 59,693 1,649 68,840Other Commercial Loans 0 0 0 0Installment Based Commercial 0 0 0 0Loans-FCReal Estate Loans 0 0 0 0Automotive Loans 0 0 0 0General Purpose Commercial Loans 0 0 0 0Other Commercial Loans 0 0 0 0Corporate Credit Cards-LC 183,107 0 736 183,843 Installment Based 0 0 0 0 Other Credit Cards 183,107 0 736 183,843Corporate Credit Cards-FC 0 0 0 0 Installment Based 0 0 0 0 Other Credit Cards 0 0 0 0Overdraft Accounts - TRY 693,447 0 26,759 720,206(corporate)Overdraft Accounts - FC 0 0 0 0(corporate)Total 1,416,341 6,070,428 361,599 7,848,368 Specific provisions provided against loans: Specific Provisions Current Period Previous Period Loans and Receivables with Limited Collectibility 117,031 117,524Loans and Receivables with Doubtful Collectibility 214,316 156,695Uncollectible Loans and Receivables 1,027,484 889,996Total 1,358,831 1,164,215 The changes in total loans under follow-up: Group III Group IV Group V Loans and Receivables Loans and Uncollectible Loans with Limited Receivables and Collectibility with Doubtful Receivables CollectibilityPrevious Period End Balance 117,524 156,695 889,996Additions (+) 416,552 14,726 187,255Transfers from Other Categories of 0 330,235 219,929 Loans Under Follow-Up (+)Transfers to Other Categories of 330,235 219,929 0 Loans Under Follow-Up (-)Collections (-) 86,779 67,137 265,643Write-Offs (-) 31 274 4,053Current Period End Balance 117,031 214,316 1,027,484Specific Provisions (-) 117,031 214,316 1,027,484Net Balance on Balance Sheet 0 0 0 Information on Deposits: The maturity structure of deposits (Current period): Demand With Up to 1 1-3 3-6 6 Months Total 7 Days Month Months Months to 1 Year 1 Year Accumulated Maturity and Deposits Over Savings Deposits 2,043,825 0 9,170,762 4,759,136 489,672 93,547 248,885 0 16,805,827Foreign Currency 3,582,445 0 6,311,342 2,958,336 639,811 225,160 1,613,732 0 15,330,826DepositsResidents in 3,492,043 0 5,928,331 2,829,874 597,483 212,966 1,427,015 0 14,487,712TurkeyResidents Abroad 90,402 0 383,011 128,462 42,328 12,194 186,717 0 843,114Deposits of Public 176,564 0 457,299 40,591 147,232 0 393 0 822,079InstitutionsCommercial 1,477,812 0 1,880,185 2,871,607 50,421 378,074 11,068 0 6,669,167DepositsOther Deposits 158,511 0 477,582 1,033,986 581,491 240,827 200,528 0 2,692,925Precious Metals 809 0 0 0 0 0 0 0 809VaultInterbank Deposits 304,612 0 341,895 481,710 35,894 7,402 5,988 0 1,177,501The Central Bank 35,780 0 0 0 0 0 0 0 35,780ofTurkeyDomestic Banks 4,188 0 305,191 474,869 0 0 1,145 0 785,393Foreign Banks 261,401 0 36,704 6,841 35,894 7,402 4,843 0 353,085Special Financial 3,243 0 0 0 0 0 0 0 3,243InstitutionsOther 0 0 0 0 0 0 0 0 0Total 7,744,578 0 18,639,065 12,145,366 1,944,521 945,010 2,080,594 0 43,499,134 Information on interest income received from loans: Group I Group II TRY FC TRY FCInterest Income Received from LoansShort-term Loans 1,467,074 88,523 1,019 507Medium and Long-term Loans 1,773,445 307,063 3,434 2,466Interest on Loans under Follow-up 116,851 169 0 0Premiums Received from State Utilisation Support 0 0 0 0Fund Information on interest income received from securities: Current Period Prior Period TRY FC TRY FCInterest Income Received from Trading Financial 40,495 1,366 39,660 1,988AssetsInterest Income Received from Financial Assets at 0 0 0 0Fair Value Through Profit And LossInterest Income Received from Financial Assets 1,787,724 619,488 1,610,665 534,314Available-For-SaleInterest Income Received from Investments 12,969 203 28,139 0Held-to-MaturityTotal 1,841,188 621,057 1,678,464 536,302 Maturity Structure of Interest Expense on Deposits: Time Deposits Demand Up to One 1-3 3-6 6-12 1 Year Accumulated Total Deposits Month Months Months Months and Deposits Longer LCInterbank Deposits 1,787 19,191 50,207 555 150 0 0 71,890Saving Deposits 2,156 983,142 612,833 59,272 10,962 26,985 0 1,695,350Deposits of Public 83 6,516 7,400 593 0 37 0 14,629InstitutionsCommercial Deposits 1,087 281,043 545,708 58,255 75,017 17,246 0 978,356Other Deposits 242 113,685 218,721 88,563 948 53 0 422,212Deposits at 7 days 0 0 0 0 0 0 0 0noticePrecious Metals Vault 0 0 0 0 0 0 0 0Total 5,355 1,403,577 1,434,869 207,238 87,077 44,321 0 3,182,437FCForeign Currency 323 188,060 112,055 21,600 5,731 42,416 0 370,185DepositsInterbank Deposits 151 4,017 1,330 209 105 53 0 5,865Deposits at 7 days 0 0 0 0 0 0 0 0noticePrecious Metals Vault 0 0 0 0 0 0 0 0Total 474 192,077 113,385 21,809 5,836 42,469 0 376,050Grand Total 5,829 1,595,654 1,548,254 229,047 92,913 86,790 0 3,558,487 Provision expenses due to loans and other receivables: Current Period Prior PeriodSpecific Provisions for Loans and Other Receivables 345,751 282,138From Group III Loans and Receivables 314,398 238,596From Group IV Loans and Receivables 8,286 3,893From Group V Loans and Receivables 23,067 39,649General Provision Expenses 37,242 39,666Optional Provisions Allocated for Probable Risks 130,000 0Marketable Securities Impairment Expense 95,159 153,127Financial Assets at Fair Value through Profit and Loss 5 8Financial Assests Available-for-sale 95,154 153,119Impairment Losses on Participations 18,695 184,543Investment and Associates 18,695 27,348Subsidiaries 0 157,195Jointly Controlled Associates 0 0Securities Held-to-Maturity 0 0Others 16,137 214,306Total 642,984 873,780 Other operating expenses: Current Period Prior PeriodPersonnel Expenses 821,894 712,497Reserve for Employee Termination Benefits 13,630 1,193Bank Pension Fund Deficit Provisions 0 16,367Impairment Losses on Tangible Fixed Assets 0 0Depreciation Expenses of Tangible Fixed Assets 84,566 74,520Impairment Losses on Intangible Fixed Assets 0 0Depreciation Expenses of Intangible Fixed Assets 8,450 0Impairment Losses on Assets to be Disposed 0 0Depreciation Expenses of Assets to be Disposed 8,549 0Impairment Losses on Assets Held for Sale 0 0Other Operating Expenses 450,838 388,909Operational Lease Expenses 43,374 33,949Repair and Maintenance Expenses 8,398 6,143Advertisement Expenses 133,251 126,265Other Expenses 265,815 222,552Loss on Sales of Assets 2,259 16,718Dioer 145,431 126,955Toplam 1,535,617 1,337,159 This information is provided by RNS The company news service from the London Stock Exchange