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ING Bank Turkey

ING Bank Turkey's net profit rose 56.5% to TRY 817 mil in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey made a net profit of TRY 817 mil in 2017, up 56.5% compared to the previous year. This implies a return on equit...

ING Bank Turkey's npls (as % of loans) rose 9.43% to 4.25% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's non-performing loans reached 4.25% of total loans at the end of 2017, up from 3.88% compared to the previous ye...

ING Bank Turkey's customer loans rose 10.8% to TRY 38,575 mil in 2017

By Helgi Library - December 12, 2019

ING Bank Turkey's customer loans reached TRY 38,575 mil in 2017, up 10.8% compared to the previous year. Turkish banking sector...

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ING Bank Turkey's customer deposits rose 10.1% to TRY 27,764 mil in 2017

By Helgi Library - December 12, 2019

ING Bank Turkey's customer deposits reached TRY 27,764 mil in 2017, up 10.1% compared to the previous year. Turkish banking sector accepted customer deposits of TRY 1,670 bil in 2017, up 17.8% when compared to the last year. ING Bank Turkey accounted for ...

ING Bank Turkey's net interest income rose 28.3% to TRY 2,605 mil in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey generated total banking revenues of TRY 3,110 mil in 2017, up 20.8% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of TRY 3,110 mil in 2017 and ...

ING Bank Turkey's net interest margin rose 23.5% to 5.07% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's net interest margin amounted to 5.07% in 2017, up from 4.11% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 7.87% in 2009 and an all time low of 4.11% in 2016. The average margin...

ING Bank Turkey's customer loan growth rose 1,080% to 10.8% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's customer loan growth reached 10.8% in 2017, up from -1.10% compared to the previous year. Historically, the bank’s loans growth reached an all time high of 688% in 1985 and an all time low of -28.6% in 1992. In the last decade, the avera...

ING Bank Turkey's total revenues rose 20.8% to TRY 2,575 mil in 2017

By Helgi Library - July 16, 2018

ING Bank Turkey generated total banking revenues of TRY 2,575 mil in 2016, up 26.9% compared to the previous year. Turkish banking sector banking sector generated total revenues of TRY 121,108 mil in 2016, up 22.1% when compared to the last year. ...

ING Bank Turkey's employees fell 5.69% to 5,284 in 2016

By Helgi Library - June 19, 2018

ING Bank Turkey employed 5,284 persons in 2016, down 5.69% when compared to the previous year. Historically, the bank's workforce hit an all time high of 6,357 persons in 2008 and an all time low of 3,590 in 2002. Average cost reached USD 2,597 per month per empl...

ING Bank Turkey's costs (as % of assets) rose 1.93% to 2.79% in 2017

By Helgi Library - June 19, 2018

ING Bank Turkey's cost to income ratio reached 53.6% in 2016, down from 67.2% compared to the previous year. Historically, the bank’s costs reached an all time high of 87.9% of income in 2002 and an all time low of 53.6% in 2016. When compared to total ass...

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Finance

ING Bank Turkey has been growing its revenues and asset by 14.5% and 15.5% a year on average in the last 10 years. Its loans and deposits have grown by 16.3% and 12.0% a year during that time and loans to deposits ratio reached 139% at the end of 2017. The company achieved an average return on equity of 7.55% in the last decade with net profit growing 18.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 47.0% in 2017, compared to 64.0% average in the last decade.

Equity represented 11.1% of total assets or 15.2% of loans at the end of 2017. ING Bank Turkey's non-performing loans were 4.25% of total loans while provisions covered some 70.5% of NPLs at the end of 2017.