Turkiye Gdr Rgs Regulatory News (TIBD)

31 Jul 2006 17:56

Turkiye Is Bankasi31 July 2006 31.07.2006Isbank's Gross Profit for the First Half of 2006 is NTL 1.7 billion As at 30.06.2006, Turkiye Is Bankasi A.S. increased its total assets to NTL70,135 million, its gross profit to NTL 1,679 million and its net profit afterthe total tax and other provisioning to NTL 745 million. Mr. Ersin Ozince, the Chief Executive Officer of Is Bankasi, made the followingstatements regarding the performance of Is Bankasi in the first half of the year2006: "Despite the adversities in the global and domestic markets during the secondquarter of the year, Isbank has continued its stabilized growth together withprofitability. While the loans continued to grow without giving up on the assetquality, total loan portfolio increased 35% and reached NTL 27,971 million inthe first half of 2006 and the total assets increased 10%, reaching 70,135million. On the other hand, the asset composition has changed in favor of loansand the share of loans in total assts reached 40%, while the NPL ratio decreasedto 3.6%. In the first half of 2006, Isbank gained NTL 1,373 million net interest incomeand the net commission income reached NTL 519 million, by growing 24%, comparedto the same period of the previous year. In addition to the increase in theinterest and non-interest income, NTL 1,679 million gross profit was generatedin the first half of the year as a result of the controlled increase in costs,and thus, the net profit after various provisioning made due to our prudentpolicies, reached NTL 745 million, by increasing 60%, compared to the sameperiod of the previous year." ASSETS CURRENT PERIOD PREVIOUS PERIOD (NTL THOUSAND) ( 30/06/ ( 31/12/ 2006) 2005) TL FC Total TL FC TotalI. CASH AND BALANCES WITH THE 2,191,010 740,840 2,931,850 3,560,364 1,398,610 4,958,974CENTRAL BANK OF TURKEY1.1.Cash 266,288 0 266,288 193,653 0 193,6531.2.Foreign currency 0 101,925 101,925 0 99,211 99,2111.3.Balances with the Central 1,924,722 638,389 2,563,111 3,366,711 1,298,986 4,665,697Bank of Turkey1.4.Others 0 526 526 0 413 413II. TRADING SECURITIES (Net) 151,540 124,377 275,917 827,594 155,053 982,6472.1.Public sector debt securities 148,374 109,922 258,296 824,564 147,961 972,5252.1.1.Government bonds 148,159 109,922 258,081 373,485 147,961 521,4462.1.2.Treasury bills 215 0 215 451,079 0 451,0792.1.3.Other public sector debt 0 0 0 0 0 0securities2.2. Share certificates 32 0 32 153 0 1532.3.Other marketable securities 3,134 14,455 17,589 2,877 7,092 9,969III. BANKS AND OTHER FINANCIAL 63,038 4,329,978 4,393,016 45,959 3,988,488 4,034,447INSTITUTIONS3.1.Due from banks 63,038 4,329,978 4,393,016 45,959 3,988,488 4,034,4473.1.1.Domestic banks 14,449 30,458 44,907 6 0 63.1.2.Foreign banks 48,589 4,299,520 4,348,109 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 0 0 0 1,776,500 0 1,776,5004.1.Interbank money market 0 0 0 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 13,213,188 11,698,322 24,911,510 10,275,173 9,998,661 20,273,834AVAILABLE FOR SALE (Net)5.1.Share certificates 13,683 0 13,683 13,683 0 13,6835.2.Other marketable securities 13,199,505 11,698,322 24,897,827 10,261,490 9,998,661 20,260,151VI. LOANS 20,605,332 7,365,860 27,971,192 15,729,149 5,020,706 20,749,8556.1.Short term 7,657,656 2,192,241 9,849,897 6,541,787 1,778,823 8,320,6106.2.Medium and long term 12,947,676 5,173,619 18,121,295 9,187,362 3,241,883 12,429,2456.3.Loans under follow-up 1,036,896 2,804 1,039,700 1,051,488 1,947 1,053,4356.4.Specific provisions (-) 1,036,896 2,804 1,039,700 1,051,488 1,947 1,053,435VII. FACTORING RECEIVABLES 0 0 0 0 0 0VIII. INVESTMENT SECURITIES HELD 0 0 0 316,541 0 316,541TO MATURITY (Net)8.1.Public sector debt securities 0 0 0 316,541 0 316,5418.1.1.Government bonds 0 0 0 316,541 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 785,627 0 785,627 825,888 0 825,888(Net)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) 3,091,985 48,638 3,140,623 3,847,469 83,037 3,930,50610.1.Financial subsidiaries 1,426,007 48,638 1,474,645 1,836,960 83,037 1,919,99710.2.Non-Financial subsidiaries 1,665,978 0 1,665,978 2,010,509 0 2,010,509XI. OTHER INVESTMENTS (Net) 0 0 0 0 0 0XII. FINANCE LEASE RECEIVABLES 0 0 0 0 0 0(Net)12.1.Gross finance lease 0 0 0 0 0 0receivables12.2.Unearned income ( - ) 0 0 0 0 0 0XIII. RESERVE DEPOSITS 0 1,698,619 1,698,619 0 1,282,828 1,282,828XIV. MISCELLANEOUS RECEIVABLES 45,888 35,092 80,980 54,964 164,248 219,212XV. ACCRUED INTEREST AND INCOME 1,288,095 358,018 1,646,113 1,765,716 232,278 1,997,994RECEIVABLE15.1.Loans 1,222,265 128,128 1,350,393 1,056,557 52,190 1,108,74715.2.Marketable securities 4,533 126,545 131,078 648,101 145,354 793,45515.3.Other 61,297 103,345 164,642 61,058 34,734 95,792XVI. PROPERTY AND EQUIPMENT (Net) 1,760,849 325 1,761,174 1,758,632 3,472 1,762,10416.1.Book value 4,606,576 1,460 4,608,036 4,639,531 6,350 4,645,88116.2.Accumulated Depreciation (- ) 2,845,727 1,135 2,846,862 2,880,899 2,878 2,883,777XVII. INTANGIBLE ASSETS (Net) 17,513 3,690 21,203 1 0 117.1.Goodwill 0 0 0 0 0 017.2.Other 43,340 6,175 49,515 2 0 217.3.Accumulated Amortisation ( - ) 25,827 2,485 28,312 1 0 1XVIII. DEFERRED TAX ASSETS 60,249 0 60,249 0 0 0XIX. OTHER ASSETS 358,537 98,378 456,915 535,648 65,489 601,137TOTAL ASSETS 43,632,851 26,502,137 70,134,988 41,319,598 22,392,870 63,712,468 LIABILITIES CURRENT PERIOD PREVIOUS PERIOD (NTL THOUSAND) ( 30/06/2006) ( 31/12/2005) TL FC Total TL FC TotalI. DEPOSITS 26,104,660 15,889,034 41,993,694 22,055,305 15,344,674 37,399,9791.1.Bank deposits 565,170 233,405 798,575 1,122,409 1,339,172 2,461,5811.2.Saving deposits 12,427,559 0 12,427,559 9,945,308 0 9,945,3081.3.Public sector deposits 148,400 0 148,400 82,444 0 82,4441.4.Commercial deposits 7,961,447 0 7,961,447 6,961,131 0 6,961,1311.5.Other institutions deposits 5,002,084 0 5,002,084 3,944,013 0 3,944,0131.6.Foreign currency deposits 0 15,652,462 15,652,462 0 14,005,502 14,005,5021.7.Precious metals vault accounts 0 3,167 3,167 0 0 0II. INTERBANK MONEY MARKET 3,077,148 2,011,249 5,088,397 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 3,077,148 2,011,249 5,088,397 4,174,931 1,494,660 5,669,591agreementsIII. FUNDS BORROWED 1,721,783 10,074,178 11,795,961 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 1,721,783 10,074,178 11,795,961 1,632,452 6,553,016 8,185,4683.2.1.Domestic banks and 126,143 67,259 193,402 89,742 42,550 132,292institutions3.2.2.Foreign banks, institutions 1,595,640 10,006,919 11,602,559 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 397,819 27,173 424,992 295,283 84,086 379,369VII. OTHER EXTERNAL RESOURCES 521,389 194,713 716,102 55,642 207,845 263,487VIII. TAXES AND OTHER DUTIES 79,890 152 80,042 63,809 129 63,938PAYABLEIX. FACTORING PAYABLES 0 0 0 0 0 0X. FINANCE LEASING PAYABLES (Net) 0 78,222 78,222 0 55,877 55,87710.1.Finance Leasing Payables 0 86,501 86,501 0 60,820 60,82010.2.Deferred finance leasing 0 8,279 8,279 0 4,943 4,943expenses ( - )XI. ACCRUED INTEREST AND EXPENSES 525,539 176,501 702,040 382,488 138,509 520,997PAYABLE11.1.Deposits 330,479 52,702 383,181 273,733 36,144 309,87711.2.Borrowings 115,453 51,377 166,830 87,695 31,186 118,88111.3.Repurchase agreements 1,569 39,812 41,381 4,205 19,399 23,60411.4.Other 78,038 32,610 110,648 16,855 51,780 68,635XII. PROVISIONS 848,376 123,067 971,443 1,374,621 111,745 1,486,36612.1.General provisions 182,886 527 183,413 148,827 436 149,26312.2.Reserve for employee 30,075 0 30,075 30,593 0 30,593termination benefits12.3.Provisions for income taxes 7,569 0 7,569 743,425 0 743,42512.4.Insurance technical reserves 0 0 0 0 0 0(Net)12.5.Other provisions 627,846 122,540 750,386 451,776 111,309 563,085XIII. SUBORDINATED LOANS 0 0 0 0 0 0XIV. DEFERRED TAX LIABILITIES 0 0 0 10,053 0 10,053XV. SHAREHOLDERS' EQUITY 8,259,371 24,724 8,284,095 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 3,463,946 24,724 3,488,670 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 873,319 24,724 898,043 2,427,082 293,561 2,720,643increase fund15.2.4.Revaluation fund 73,689 0 73,689 70,391 0 70,39115.2.5.Value increase in 141,932 0 141,932 99,303 0 99,303revaluation fund15.2.6.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 2,081,627 0 2,081,627 1,487,430 0 1,487,43015.3.1.Legal reserves 923,041 0 923,041 848,152 0 848,15215.3.2.Status reserves 0 0 0 0 0 015.3.3.Extraordinary reserves 1,150,086 0 1,150,086 638,866 0 638,86615.3.4.Other profit reserves 8,500 0 8,500 412 0 41215.4. Profit or loss 744,856 0 744,856 955,628 0 955,62815.4.1.Prior year income/loss 0 0 0 0 0 015.4.2.Current year income/loss 744,856 0 744,856 955,628 0 955,628TOTAL LIABILITIES 41,535,975 28,599,013 70,134,988 39,428,366 24,284,102 63,712,468 INCOME STATEMENT INCOME STATEMENT CURRENT PREVIOUS CURRENT PREVIOUS PERIOD PERIOD PERIOD PERIOD(NTL THOUSAND) ( 30/06/ (30.06.2005) (01.04.2006 (01.04.2005 2006) -30.06.2006) -30.06.2005)I. INTEREST INCOME 3,547,746 2,503,075 1,908,215 1,307,9801.1.Interest on loans 1,931,727 1,379,739 1,052,867 717,3421.1.1.Interest on TL loans 1,671,351 1,229,552 908,670 641,2941.1.1.1.Short term loans 704,470 692,357 370,815 350,3701.1.1.2.Medium and long term loans 966,881 537,195 537,855 290,9241.1.2.Interest on foreign currency loans 227,901 131,620 122,497 68,4731.1.2.1.Short term loans 63,088 52,253 34,975 26,5151.1.2.2.Medium and long term loans 164,813 79,367 87,522 41,9581.1.3.Interest on loans under follow-up 32,475 18,567 21,700 7,5751.1.4.Premiums received from Resource Utilisation Support Fund 0 0 0 01.2.Interest received from reserve deposits 84,003 51,090 46,829 25,6941.3.Interest received from banks 48,159 14,012 24,515 7,4851.3.1.The Central Bank of Turkey 147 16 2 31.3.2.Domestic banks 4,089 2,688 2,575 1,5201.3.3.Foreign banks 43,923 11,308 21,938 5,9621.3.4.Branches and offices abroad 0 0 0 01.4.Interest received from money market transactions 16,507 2,727 6,911 1,8711.5.Interest received from marketable securities portfolio 1,418,923 1,005,595 754,555 529,7501.5.1.Trading securities 29,023 46,043 1,491 20,6731.5.2.Available-for-sale securities 1,361,761 950,000 737,749 506,1481.5.3.Held to maturity securities 28,139 9,552 15,315 2,9291.6.Other interest income 48,427 49,912 22,538 25,838II. INTEREST EXPENSE 2,175,138 1,206,267 1,168,733 633,4852.1.Interest on deposits 1,717,400 949,610 921,212 482,8562.1.1.Bank deposits 36,299 23,239 20,446 11,8532.1.2.Saving deposits 682,518 538,582 362,261 260,7512.1.3.Public sector deposits 9,069 2,361 4,952 1,5142.1.4.Commercial deposits 549,333 111,589 289,973 59,9692.1.5.Other institutions deposits 255,815 172,930 139,066 97,3102.1.6.Foreign currency deposits 184,366 100,909 104,514 51,4592.1.7.Precious metals vault accounts 0 0 0 02.2.Interest on money market transactions 138,561 145,572 81,836 83,0792.3.Interest on funds borrowed 310,099 104,103 162,122 63,5622.3.1.The Central Bank of Turkey 0 0 0 02.3.2.Domestic banks 7,659 9,425 4,235 4,3762.3.3.Foreign banks 302,440 94,678 157,887 59,1862.3.4.Foreign head office and branches 0 0 0 02.3.5.Other financial institutions 0 0 0 02.4.Interest on securities issued 0 0 0 02.5.Other interest expense 9,078 6,982 3,563 3,988III. NET INTEREST INCOME (I - II) 1,372,608 1,296,808 739,482 674,495IV. NET FEES AND COMMISSIONS INCOME 518,789 419,253 251,761 212,5804.1.Fees and commissions received 569,210 472,643 280,440 239,4074.1.1.Cash loans 50,227 28,459 19,742 14,4024.1.2.Non-cash loans 38,473 33,708 18,997 16,5934.1.3.Other 480,510 410,476 241,701 208,4124.2.Fees and commissions paid 50,421 53,390 28,679 26,8274.2.1.Cash loans 14,493 7,844 10,586 5,5594.2.2.Non-cash loans 3 5 1 24.2.3.Other 35,925 45,541 18,092 21,266 INCOME STATEMENT CURRENT PREVIOUS CURRENT PREVIOUS PERIOD PERIOD PERIOD PERIOD(NTL THOUSAND) ( 30/06/ (30.06.2005) (01.04.2006 (01.04.2005 2006) -30.06.2006) -30.06.2005)V. DIVIDEND INCOME 1,769 875 1,166 05.1.Trading securities 0 0 0 05.2.Available-for-sale securities 1,769 875 1,166 0VI. NET TRADING INCOME -99,110 203,336 -101,928 82,7606.1.Profit/losses on trading account securities (Net) 202,069 150,034 200,603 53,6396.1.1 Profit on trading account securities 423,323 223,507 286,624 93,7486.1.1.1 Profit on derivative financial instruments 161,868 31,441 88,354 13,0196.1.1.2 Other 261,455 192,066 198,270 80,7296.1.2. Losses on trading account securities (-) 221,254 73,473 86,021 40,1096.1.2.1 Losses on derivative financial instruments 158,243 51,172 79,706 32,2156.1.2.2 Other 63,011 22,301 6,315 7,8946.2.Foreign exchange gains/losses (Net) -301,179 53,302 -302,531 29,1216.2.1 Foreign exchange gains 8,823,806 1,066,151 6,508,945 488,0766.2.2 Foreign exchange losses (-) 9,124,985 1,012,849 6,811,476 458,955VII. OTHER OPERATING INCOME 701,818 431,882 404,943 312,208VIII. TOTAL OPERATING INCOME (III+IV+V+VI+VII) 2,495,874 2,352,154 1,295,424 1,282,043IX. PROVISION FOR LOAN LOSSES OR OTHER RECEIVABLES (-) 771,050 772,059 450,507 453,486X. OTHER OPERATING EXPENSES (-) 877,462 800,327 443,426 413,712XI. NET OPERATING INCOME (VIII-IX-X) 847,362 779,768 401,491 414,845XII. PROFIT/LOSSES FROM ASSOCIATES AND SUBSIDIARIES 60,091 81,343 46,172 74,661XIII. NET MONETARY POSITION INCOME/EXPENSE 0 0 0 0XIV. INCOME BEFORE TAXES (XI+XII+XIII) 907,453 861,111 447,663 489,506XV. PROVISION FOR TAXES ON INCOME (-) 162,597 396,579 111,122 229,29915.1. Current Provision for Tax 7,569 384,647 -128,738 217,36715.2. Deferred Provision for Tax 155,028 11,932 239,860 11,932XVI. NET OPERATING INCOME/EXPENSE AFTER TAXES (XIV-XV) 744,856 464,532 336,541 260,207XVII. EXTRAORDINARY INCOME/EXPENSE AFTER TAXES 0 1 0 017.1.Extraordinary net income/expense before taxes 0 1 0 017.1.1.Extraordinary income 0 5 0 017.1.2.Extraordinary expense (-) 0 4 0 017.2.Provision for taxes on extraordinary income (-) 0 0 0 0XVIII. NET PERIOD PROFIT/LOSS (XVI+XVII) 744,856 464,533 336,541 260,207 This information is provided by RNS The company news service from the London Stock Exchange