Intesa Sanpaolo Turkey

Intesa Sanpaolo Turkey's customer loans rose 81.3% to TRY 8,436 mil in 2017

By Helgi Analytics - December 12, 2019

Intesa Sanpaolo Turkey's customer loans reached TRY 8,436 mil in 2017, up 81.3% compared to the previous year. Turkish banking ...

Profit Statement 2015 2016 2017
Net Interest Income TRY mil 92.2 122 192
Fee Income (As % Of Revenues) % 0.786 3.42 -3.46
Other Income TRY mil 3.10 15.3 12.0
Total Revenues TRY mil 96.1 142 197
Staff Cost TRY mil 5.41 6.56 7.50
Operating Profit TRY mil 84.8 126 176
Provisions TRY mil 22.7 12.1 36.7
Net Profit TRY mil 45.4 88.4 103
Balance Sheet 2015 2016 2017
Customer Loans TRY mil 3,326 4,654 8,436
Total Assets TRY mil 4,179 5,792 10,618
Shareholders' Equity TRY mil 766 862 966
Customer Deposits TRY mil 1,339 1,690 5,348
Ratios 2015 2016 2017
ROE % 6.13 10.9 11.3
ROA % 1.61 1.77 1.26
Costs (As % Of Assets) % 0.399 0.318 0.258
Costs (As % Of Income) % 11.7 11.2 10.7
Capital Adequacy Ratio % 20.5 15.1 23.8
Net Interest Margin % 3.27 2.44 2.34
Loans (As % Of Deposits) % 248 275 158
Growth Rates 2015 2016 2017
Total Revenue Growth % 52.8 47.4 39.4
Operating Cost Growth % 32.2 40.9 33.7
Operating Profit Growth % 56.1 48.3 40.1
Net Profit Growth % 20.1 94.8 17.0
Customer Loan Growth % 437 39.9 81.3
Total Asset Growth % 187 38.6 83.3
Customer Deposit Growth % 47,179 26.2 216
Shareholders' Equity Growth % 7.06 12.6 12.0
Employees 27.0 29.0 ...

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summary Unit 2013 2014 2015 2016 2017
income statement          
Net Interest Income TRY mil ... 62.5 92.2    
Total Revenues TRY mil ... 62.9 96.1    
Operating Profit TRY mil ... 54.4 84.8    
Net Profit TRY mil ... 37.8 45.4    
balance sheet          
Customer Loans TRY mil 0 619 3,326    
Total Assets TRY mil 0 1,457 4,179    
Shareholders' Equity TRY mil ... 715 766    
Customer Deposits TRY mil ... 2.83 1,339    
ratios          
ROE % ... 5.28 6.13    
ROA % ... 5.19 1.61    
Costs (As % Of Assets) % ... 1.17 0.399    
Costs (As % Of Income) % ... 13.5 11.7    
Capital Adequacy Ratio % ... 87.1 20.5    
Net Interest Margin % ... 8.58 3.27    
Interest Income (As % Of Revenues) % ... 99.5 96.0    
Fee Income (As % Of Revenues) % ... 0.153 0.786    
Staff Cost (As % Of Total Cost) % ... 47.8 48.1    
Equity (As % Of Assets) % ... 49.1 18.3    
Loans (As % Of Deposits) % ... 21,862 248    
Loans (As % Assets) % ... 42.5 79.6    
income statement Unit 2013 2014 2015 2016 2017
income statement          
Interest Income TRY mil ... 63.5 105    
Interest Cost TRY mil ... 0.975 12.3    
Net Interest Income TRY mil ... 62.5 92.2    
Net Fee Income TRY mil ... 0.096 0.755    
Other Income TRY mil ... 0.232 3.10    
Total Revenues TRY mil ... 62.9 96.1    
Staff Cost TRY mil ... 4.07 5.41    
Operating Cost TRY mil ... 8.51 11.3    
Operating Profit TRY mil ... 54.4 84.8    
Provisions TRY mil ... 5.91 22.7    
Extra and Other Cost TRY mil ... 0 0    
Pre-Tax Profit TRY mil ... 48.5 62.1    
Tax TRY mil ... 10.7 16.7    
Net Profit TRY mil ... 37.8 45.4    
growth rates          
Net Interest Income Growth % ... ... 47.5    
Net Fee Income Growth % ... ... 683    
Total Revenue Growth % ... ... 52.8    
Operating Cost Growth % ... ... 32.2    
Operating Profit Growth % ... ... 56.1    
Pre-Tax Profit Growth % ... ... 28.2    
Net Profit Growth % ... ... 20.1    
market share          
Market Share in Revenues % ... 0.071 0.097   ...
Market Share in Net Profit % ... 0.154 0.177   ...
Market Share in Employees % ... 0.009 0.013   ...
Market Share in Branches % ... 0.009 0.009   ...
balance sheet Unit 2013 2014 2015 2016 2017
balance sheet          
Customer Loans TRY mil 0 619 3,326    
Total Assets TRY mil 0 1,457 4,179    
Shareholders' Equity TRY mil ... 715 766    
Liabilities TRY mil ... 742 3,413    
Customer Deposits TRY mil ... 2.83 1,339    
growth rates          
Customer Loan Growth % ... ... 437    
Total Asset Growth % ... ... 187    
Shareholders' Equity Growth % ... ... 7.06    
Customer Deposit Growth % ... ... 47,179    
market share          
Market Share in Customer Loans % 0 0.054 0.241    
Market Share in Total Assets % 0 0.077 0.187    
Market Share in Customer Deposits % ... < 0.001 0.114    
ratios Unit 2013 2014 2015 2016 2017
ratios          
ROE % ... 5.28 6.13    
ROA % ... 5.19 1.61    
Costs (As % Of Assets) % ... 1.17 0.399    
Costs (As % Of Income) % ... 13.5 11.7    
Capital Adequacy Ratio % ... 87.1 20.5    
Net Interest Margin % ... 8.58 3.27    
Interest Spread % ... ... 3.12    
Asset Yield % ... 8.72 3.71    
Cost Of Liabilities % ... ... 0.594    
Interest Income (As % Of Revenues) % ... 99.5 96.0    
Fee Income (As % Of Revenues) % ... 0.153 0.786    
Other Income (As % Of Revenues) % ... 0.370 3.23    
Cost Per Employee USD per month ... 7,958 6,366   ...
Cost Per Employee (Local Currency) TRY per month ... 17,853 16,701   ...
Staff Cost (As % Of Total Cost) % ... 47.8 48.1    
Equity (As % Of Assets) % ... 49.1 18.3    
Loans (As % Of Deposits) % ... 21,862 248    
Loans (As % Assets) % ... 42.5 79.6    
Cost of Provisions (As % Of Loans) % ... 1.91 1.15    
other data Unit 2013 2014 2015 2016 2017
other data          
Branches ... 1.00 1.00   ...
Employees ... 19.0 27.0   ...

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Intesa Sanpaolo Turkey Logo

Finance

Intesa Sanpaolo Turkey has been growing its revenues and asset by 46.4% and 93.9% a year on average in the last 3 years. Its loans and deposits have grown by 139% and 1,136% a year during that time and loans to deposits ratio reached 158% at the end of 2017. The company achieved an average return on equity of 9.44% in the last three years with net profit growing 39.9% a year on average. In terms of operating efficiency, its cost to income ratio reached 10.7% in 2017, compared to 11.2% average in the last three years.

Equity represented 9.10% of total assets or 11.4% of loans at the end of 2017. Intesa Sanpaolo Turkey's non-performing loans were of total loans while provisions covered some of NPLs at the end of 2017.