By Helgi Library - December 12, 2019
Sekerbank's customer loans reached TRY 20,930 mil in 2017, up 17.5% compared to the previous year. Turkish banking sector provi...
By Helgi Library - December 12, 2019
Sekerbank's customer deposits reached TRY 19,884 mil in 2017, up 23.6% compared to the previous year. Turkish banking sector ac...
By Helgi Library - September 29, 2018
Sekerbank's retail deposits reached TRY 8,341 mil in 2017, up 19.4% compared to the previous year. Turkish banking sector accep...
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By Helgi Library - June 25, 2018
Sekerbank stock traded at TRY 1.83 per share at the end 2017 implying a market capitalization of USD 560 mil. Since the end of 2012, the stock has appreciated by 44.1 % implying an annual average growth of 7.58 %. In absolute terms, the value of the company rose ...
By Helgi Library - June 25, 2018
Sekerbank's net interest margin amounted to 4.57% in 2017, down from 4.60% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 11.0% in 2004 and an all time low of 4.54% in 2011. The average margin in ...
By Helgi Library - December 12, 2019
Sekerbank's corporate loans reached TRY 19,362 mil in 2017, up 20.8% compared to the previous year. Turkish banking sector provided corporate loans of TRY 1,571 bil in 2017, up 22.5% when compared to the last year. Sekerbank accounted for 1.30% of all cor...
By Helgi Library - September 29, 2018
Sekerbank's corporate deposits reached TRY 11,543 mil in 2017, up 26.8% compared to the previous year. Turkish banking sector accepted corporate deposits of TRY 535 bil in 2017, up 18.4% when compared to the last year. Sekerbank accounted for 2.16% of all...
By Helgi Library - November 29, 2018
Sekerbank's mortgage loans reached TRY 614 mil in 2017, down 4.65% compared to the previous year. Turkish banking sector provided mortgage loans of TRY 193 bil in 2017, up 16.7% when compared to the last year. Sekerbank accounted for 0.321% of all mortgag...
By Helgi Library - June 25, 2018
Sekerbank stock traded at TRY 1.83 per share at the end of 2017 implying a market capitalization of USD 560 mil. Since the end of 2012, the stock has appreciated by 44.1 % implying an annual average growth of 7.58 %. In absolute terms, the value of the company fe...
By Helgi Library - June 25, 2018
Sekerbank made a net profit of TRY 114 mil under revenues of TRY 1,681 mil in 2017, up -7.81% and -3.00% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of TRY 269 mil in 2014 and an all time low of TRY 14.4 mi...
By Helgi Library - June 25, 2018
Sekerbank's non-performing loans reached 4.87% of total loans at the end of 2017, down from 6.06% compared to the previous year. Historically, the NPL ratio hit an all time high of 17.0% in 2005 and an all time low of 4.51% in 2012. Provision coverage amoun...
By Helgi Library - June 25, 2018
Sekerbank generated total banking revenues of TRY 1,681 mil in 2017, down 3% 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 1,733 mil in 2016 and an all ...
By Helgi Library - June 25, 2018
Sekerbank's cost to income ratio reached 63.1% in 2017, up from 55.3% compared to the previous year. Historically, the bank’s costs reached an all time high of 75.0% of income in 2006 and an all time low of 55.3% in 2016. When compared to total assets, ban...
Sekerbank T.A.S. is a Turkey-based commercial bank. The Bank provides small business and agricultural, commercial/SME, corporate, and retail banking services in Turkey. It accepts deposits and provides loans as well as credit cards. The Bank is also involved in the capital market transaction and provision of domestic and foreign factoring, financial leasing, and offshore banking services. At the end of 2015, the Bank operated 301 branches and 572 ATMs and employed 4,078 persons. It primarily offers its products and services to tradesmen, SMEs, farmers, and business owners. The company was formerly known as Pancar Kooperatifleri Bankasi A.S. and changed its name to Sekerbank T.A.S. in 1956. Sekerbank T.A.S. was founded in 1953 and is based in Istanbul, Turkey.. In 1997, the Bank went public.
Sekerbank has been growing its revenues and asset by 9.01% and 18.1% a year on average in the last 10 years. Its loans and deposits have grown by 18.6% and 17.3% a year during that time and loans to deposits ratio reached 105% at the end of 2017. The company achieved an average return on equity of 9.44% in the last decade with net profit growing 0.032% a year on average. In terms of operating efficiency, its cost to income ratio reached 63.1% in 2017, compared to 63.2% average in the last decade.
Equity represented 8.42% of total assets or 13.3% of loans at the end of 2017. Sekerbank's non-performing loans were 4.87% of total loans while provisions covered some 55.2% of NPLs at the end of 2017.
Sekerbank stock traded at TRY 1.83 per share at the end of 2017 resulting in a market capitalization of USD 560 mil. Over the previous five years, stock price rose by 44.1% or 7.58% a year on average. That’s compared to an average ROE of 5.91% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 18.6x and price to book value (PBV) of 0.759x in 2017.
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