The Banking Sector in Turkey 1960-2015

This study was prepared using data provided by the Central Bank of the Republic of Turkey (CBRT). Banking Regulation and Supervision Agency (BRSA). Turkish Statistical Institute (TurkStat). Capital Markets Board of Turkey. The Interbank Card Center. International Monetary Fund. European Banking Federation and The Banks Association of Turkey (BAT). Whilst every effort has been made to ensure that the information contained in this study is correct. The Banks Association of Turkey cannot accept any responsibility for any errors or omissions or for any consequences resulting therefrom. Unless otherwise stated, data covers deposit and development and investment banks.

This study was prepared for the aim of following up and assessing the developments in the Banking Sector in Turkey. The study will be updated once a year. Any ideas and suggestions are welcome and important for the improvement of the study. For your ideas and suggestions: Emre Alpan İnan. [email protected]. 0212 282 09 73 Ümit Ünsal. [email protected]. 0212 282 09 73 Latest update: June 2016 2

Index

•

General Information

•

Balance Sheet Indicators

•

Selected Indicators

•

Income/Expenditure Indicators

•

International Comparison

3

General Information

4

Banking Sector in Turkey

•

As of December 2015 there are 50 banks in total. 32 of them being deposit. 13 development and investment and 5 of them participation banks. According to Banking Law No 5411:

•

Deposit bank: The institutions operating primarily for the purposes of accepting deposit and granting loan in their own names and for their own accounts.

•

Participation bank: The institutions operating primarily for the purpose of collecting fund through participation accounts and granting loan.

•

Development and investment bank: The institutions operating primarily for the purposes of granting loan and/or fulfill the duties assigned there to by their special Laws.

5

Number of Banks

1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2015

Deposit Banks

51

46

44

40

40

47

56

55

61

34

32

32

State-owned

14

12

12

12

12

12

8

5

4

3

3

3

Private

20

23

22

23

24

20

25

32

28

17

11

8

Foreign

5

5

5

5

4

15

23

18

18

13

17

21

Local

12

6

5

-

-

-

-

-

-

-

-

-

SDIF

-

-

-

-

-

-

-

-

11

1

1

-

Dev. and Invest. Banks

0

2

2

2

3

3

10

13

18

13

13

13

Participation Banks

-

-

-

-

-

-

-

-

-

4

4

5

51

48

46

42

43

50

66

68

79

51

49

50

Total

Source: BRSA. BAT

6

Number of Branches and Employees (Thousand) 250

14 12

200 10

150

8

100

6 4

50 2 0

0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Number of Branches (right axis)

Participation banks are included. Source: BRSA. BAT

7

Distribution of Employees by Sex (Percentage)

1965

1970

1975

1980

1985

1990

1995

2000

2005

2010

2015

Female

25

32

35

35

33

35

37

41

47

50

51

Male

75

68

65

65

67

65

63

59

53

50

49

Source: BAT

8

Ownership Structure*.** (In terms of paid-in capital. as of December 2015. perc.) Trading in BIST

Other Resident Non-Resident

Total

13.6

53.4

33.0

Deposit Banks

17.0

39.3

43.7

State-owned

14.2

85.8

0.0

Private

26.0

55.3

18.7

SDIF

0.0

100.0

0.0

Foreign

10.6

3.7

85.8

4.2

92.4

3.4

Development and Investment Banks * Ownership structure is not taken into account in the shares trading in BIST. **The weighted paid-in capital shares are used for the calculation of capital structure . ***The distribution of shares traded in BIST is not included. Source: BAT

9

Ownership Structure*.** (In terms of paid-in capital. perc.) Periods

Trading in ISE

Other Resident

Non-Resident

2007 2008 2009 2010 2011 2012

15.4 16.3 15.8 16.2 15.4 16.3

57.2 55.1 55.8 56.2 57.0 55.9

27.4 28.6 28.4 27.7 27.7 27.8

2013

15.4

55.1

29.6

2014 2015

14.8 13.6

54.8 53.4

30.4 33.0

* Ownership structure is not taken into account in the shares trading in BIST. **The weighted paid-in capital shares are used for the calculation of capital structure . ***The distribution of shares traded in BIST is not included. Source: BAT

10

Numbers of ATM. POS. Debit Cards and Credit Cards (Thousand)

2002

2005

2010

2015

ATM

12

15

28

48

POS

496

1,141

1,824

2,158

Debit Cards

35,057

48,243

69,916

112,384

Credit Cards

15,705

29,978

46,956

58,215

Source: The Interbank Card Center

11

Number of Customers in Internet Banking and Volume of Transactions

2005

2010

2013

2014

2015

Number of Active Customers (Million)

3.2

6.7

12.4

14.3

16.2

Volume of Transactions (Billion TL)

287

1,030

2,153

2,561

2,920

* The number of customers who have logged in at least once during last three months. Source: BAT

12

General Purpose Loans. Other Loans and Housing Loans Stock (Loans Outstanding and Per Capita)

General Purpose* and Other Loans** Total (TL, Million)

Per Capita (TL, Tousand)

Housing Loans

Total (TL, Million) Per Carpita (TL, Tousand)

2008

36,110

2009

2010

2011

2012

2013

2014

Sep.2015

41,365 59,275 82,537 94,971 121,894 139,620 144,770

4.5

4.8

6.0

7.7

8.3

9.9

10.1

8.3

2008

2009

2010

2011

2012

2013

2014

Sep.2015

37,347 49.0

42,733 57,584 69,755 79,552 101,322 115,015 132.620 43.9

53.2

54.5

55.4

60.3

*General purpose loans: Loans borrowed for durable and semi-durable consumer goods. education. marriage and health purposes. **Other loans: Loans which cannot be grouped in the other three types of loans. Source: BAT

13

62.5

67

Balance Sheet Indicators

14

Total Assets (In constant prices. 1964=100. thousand TL) 3000

2500 2000 1500 1000 500 0

Source: BRSA. BAT

15

Financial Assets (In constant prices. 1964=100. thousand TL) 12000 10000 8000 6000 4000 2000 0

Source: BRSA. BAT

16

Liquid Assets (In constant prices. 1964=100. thousand TL) 3500 3000 2500 2000

1500 1000 500 0

Source: BRSA. BAT

17

Loans and Receivables (In constant prices. 1964=100. thousand TL) 4000 3500

3000 2500 2000

1500 1000 500 0

Source: BRSA. BAT

18

Deposits (In constant prices. 1964=100. thousand TL) 4500 4000 3500 3000 2500

2000 1500 1000 500 0

Source: BRSA. BAT

19

Shareholders’ Equity (In constant prices. 1964=100. thousand TL) 2500 2000

1500 1000 500 0

Source: BRSA. BAT

20

Non-Deposit Funds (In constant prices. 1964=100. thousand TL) 14000

12000 10000 8000 6000 4000 2000 0

Source: BRSA. BAT

21

Distribution of Deposits (Percentage)

100% 90% 80% 70% 60% 50%

40% 30% 20% 10% 0% 1985

1990

1995

2000 TL

2005 FX

Source: BRSA. BAT

22

2010

2014

2015

Selected Indicators

23

Selected Balance Sheet Indicators (Million TL)

1960

1970

1980

1990

2000

Loans and Receivables

0.010

0.049

1

80

34,206

508,862 1,423,230

Securities

0.001

0.005

0.1

18

11,991

308,992

330,474

Liquid Assets

0.003

0.014

0.4

38

21,480

104,691

322,125

Total Assets

0.019

0.090

2

170

104,088 961,876 2,237,219

Source: BRSA. BAT

24

2010

2015

Selected Balance Sheet Indicators (Billion USD)

1960

1970

1980

1990

2000

2010

2015

1

3

10

27

51

331

489

Securities

0.1

0.4

1

6

18

201

111

Liquid Assets

0.4

1

5

13

32

68

114

2

6

19

58

155

626

769

Loans and Receivables

Total Assets

Source: BRSA. BAT

25

Selected Balance Sheet Indicators (Million TL)

1960

1970

1980

1990

2000

2010

2015

0.0079

0.0381

0.8150

95

68,442

614,681 1,171,251

TL

-

-

-

73

36,916

427,625

674,853

FX

-

-

-

23

31,527

187,055

496,399

Non-Deposit Funds

0.0005

0.0103

0.1031

34

19,773

161,783

640,378

Shareholder's Equity

0.0027

0.0075

0.0680

13

5,048

129,087

251,587

Total Liabilities

0.0194

0.0903

1.6628

170

104,088

Deposits

Source: BRSA. BAT

26

961,876 2,237,219

Selected Balance Sheet Indicators (Billion USD)

1960

1970

1980

1990

2000

2010

2015

1

3

9

33

102

400

403

TL

-

-

-

25

55

278

232

FX

-

-

-

8

47

122

171

Non-Deposit Funds

0.1

1

1

12

29

105

220

Shareholder's Equity

0.3

1

1

5

8

84

87

2

6

19

58

155

626

769

Deposits

Total Liabilities

Source: BRSA. BAT

27

Growth Rate of Total Assets (Average of 5-year period. percent) 100 90 80 70 60 50 40 30 20 10 0

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

28

Growth Rate of Total Assets (Average of 5-year period. deflated with PPI. percent) 20 15 10 5 0 -5 -10

*2015 data is taken from BRSA and may vary from data provided by BAT. Values until 2004 belong to previously calculated WPI. Source: BRSA. BAT. TurkStat

29

Growth Rate of Total Assets (Average of 5-year period. in USD terms. percent) 30 25 20 15

10 5 0 -5 -10

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

30

Growth Rate of Liquid Assets (Average of 5-year period. percent) 100 90 80 70 60 50 40 30 20 10 0

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

31

Growth Rate of Liquid Assets (Average of 5-year period. deflated with PPI. percent) 20 15 10 5 0 -5

*2015 data is taken from BRSA and may vary from data provided by BAT. Values until 2004 belong to previously calculated WPI. Source: BRSA. BAT. TurkStat

32

Growth Rate of Liquid Assets (Average of 5-year period. in USD terms. percent) 35 30 25 20 15

10 5 0 -5 -10

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT. CBRT

33

Growth Rate of Financial Assets (Average of 5-year period. percent) 100 90 80 70 60 50 40 30 20 10 0

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

34

Growth Rate of Financial Assets (Average of 5-year period. deflated with PPI. percent) 35 30 25 20

15 10 5 0 -5 -10

*2015 data is taken from BRSA and may vary from data provided by BAT. Values until 2004 belong to previously calculated WPI. .Source: BRSA. BAT. TurkStat

35

Growth Rate of Financial Assets (Average of 5-year period. in USD terms. percent) 50 40 30 20 10 0 -10 -20

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT. CBRT

36

Growth Rate of Total Loans and Receivables (Average of 5-year period. percent) 90 80 70 60

50 40 30 20 10 0

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

37

Growth Rate of Total Loans and Receivables (Average of 5-year period. deflated with PPI. percent) 20 15 10

5 0 -5 -10 -15

*2015 data is taken from BRSA and may vary from data provided by BAT. Values until 2004 belong to previously calculated WPI. Source: BRSA. BAT. TurkStat

38

Growth Rate of Total Loans and Receivables (Average of 5-year period. in USD terms. percent) 35 30 25 20 15 10

5 0 -5 -10

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

39

Growth Rate of Total Deposits (Average of 5-year period. percent) 140 120

100 80 60 40

20 0

Total

TL

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

40

FX

Growth Rate of Total Deposits (Average of 5-year period. deflated with PPI. percent) 60 50

40 30 20

10 0 -10

-20

Total

TL

*2015 data is taken from BRSA and may vary from data provided by BAT. Values until 2004 belong to previously calculated WPI. Source: BRSA. BAT. TurkStat

41

FX

Growth Rate of Total Deposits (Average of 5-year period. in USD terms. percent) 35 30 25 20 15 10 5 0 -5 -10 -15 -20

Total

TL

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT. CBRT

42

FX

Growth Rate of Non-Deposit Funds (Average of 5-year period. percent) 120 100 80 60 40 20 0

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

43

Growth Rate of Non-Deposit Funds (Average of 5-year period. deflated with PPI. percent) 30 25 20 15

10 5 0 -5 -10 -15

*2015 data is taken from BRSA and may vary from data provided by BAT. Values until 2004 belong to previously calculated WPI. Source: BRSA. BAT

44

Growth Rate of Non-Deposit Funds (Average of 5-year period. in USD terms. percent) 40 35 30 25 20 15 10 5 0 -5 -10

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

45

Growth Rate of Shareholders’ Equity (Average of 5-year period. percent) 90 80 70 60

50 40 30 20 10 0

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

46

Growth Rate of Shareholders’ Equity (Average of 5-year period. deflated with PPI. percent) 35 30 25 20 15 10 5 0 -5 -10 -15 -20

*2015 data is taken from BRSA and may vary from data provided by BAT. Values until 2004 belong to previously calculated WPI. Source: BRSA. BAT. TurkStat

47

Growth Rate of Shareholders’ Equity (Average of 5-year period. in USD terms. percent) 50 40 30 20

10 0 -10 -20

*2015 data is taken from BRSA and may vary from data provided by BAT. Source: BRSA. BAT

48

Selected Indicators

49

Branches and Employees Per Capita (Person) 900

18000

800

16000

700

14000

600

12000

500

10000

400

8000

300

6000

200

4000

100

2000

0

0 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Branches

Employees (left axis)

Source: TurkStat. BRSA. BAT

50

Assets. Loans and Receivables. Deposits and Income Per Capita (USD) 12000 10000 8000 6000 4000 2000 0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Assets

Loans and Receivables

Source: TurkStat. BRSA. BAT

51

Deposits

Gdp

Selected Balance Sheet Indicators to Gdp (Percent) 120 100 80 60 40 20 0

1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Assets

Loans and Receivables

Gdp values until 1998 were calculated through multiplication of Gnp by 1.3. Source: TurkStat. BRSA. BAT

52

Deposits

Loans and Receivebles / Total Assets (Percent) 70 65 60 55 50 45 40 35 30 25 20 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015

Source: BRSA. BAT

53

Financial Assets / Total Assets (Percent) 40 35 30 25 20 15 10

5 0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015

Source: BRSA. BAT

54

Shareholders’ Equity / Total Assets (Percent) 16 14 12 10 8 6 4 2 0

1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015

Source: BRSA. BAT

55

Non-Deposit Funds / Total Assets (Percent) 35 30 25 20 15 10 5 0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Source: BRSA. BAT

56

Other Assets / Total Assets (Percent) 25

20

15

10

5

0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Other assets data released before 2002 was taken from BAT and there might be some differences in terms of coverage of the data published by BRSA. Source: BRSA. BAT

57

Non Performing Loans (Before provisions) / Total Loans and Receivables (Percent) 14 12 10 8

6 4 2 0

1990

1995

2000

2005

Source: BRSA. BAT

58

2010

2014

2015

Deposits / Total Assets (Percent) 70 65 60

55 50 45 40 35 30 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Source: BRSA. BAT

59

Loans / Deposits (Percent) 160 140 120 100 80 60 40 20 0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Source: BRSA. BAT

60

Net Profit (Losses) / Total Shareholder’s Equity. PPI (Average of 5-year period. percent)

100 80

60 40 20

0 -20 -40

Net Profit (Losses) / Total Shareholder's Equity Values until 2004 belong to previously calculated WPI. Source: TurkStat. BRSA. BAT

61

PPI

Capital Adequecy Ratio (Percent) 26

24 22 20 18 16 14 2005

2006

2007

2008

2009

2010

Source: BAT

62

2011

2012

2013

2014

2015

Loan Distribution* (Million TL)

2002

2005

2010

2014

2015

Total Individual -Credit Cards -Housing -Automobile -Other

61,112 269 0 64 46 159

161,073 47,057 18,384 12,423 6,230 10,021

563,583 181,780 49,098 61,660 6,027 64,995

1,277,064 381,592 92,512 126,375 7,082 155,624

1,531,651 419,030 102,589 144,221 6,679 165,541

Corporate

60,843

114,016

381,803

895,471

1,112,621

,,

,,

131,360

344,550

403,900

-SME

*Participation banks are included. Source: BRSA. BAT

63

Loan Distribution* (Percentage)

2002

2005

2010

2014

2015

Total

100

100

100

100

100

Individual

0.4

29.2

32.3

30

-Credit Cards

0.0

11.4

8.7

7

27 7

-Housing

0.1

7.7

10.9

10

9

-Automobile

0.1

3.9

1.1

1

0

-Other

0.3

6.2

11.5

12

11

99.6

70.8

67.7

70

73

23.3

27

26

Corporate -SME *Participation banks are included. Source: BRSA. BAT

64

Income / Expenditure Indicators

65

Interest Income. Interest Expenditure and Net Interest Income to Total Assets (Percent)

25 20

15 10 5 0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Interest Income

Interest Expenditures

Source: BRSA. BAT

66

Net Interest Income / Expenditures

Non Interest Income / Total Assets (Percent)

1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 1 0 -1 -2 -3 -4

-5 -6

-7

Source: BRSA. BAT

67

Net Fees and Commissions Income / Total Assets (Percent)

1,6 1,4 1,2 1,0 0,8 0,6 0,4 0,2 0,0 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Source: BRSA. BAT

68

Net Operating Profit (Loss) / Total Assets (Percent) 4 3 2 1 0 -1 -2 -3 1960 1965 1970 1975 1980 1985 1990 1995 2000 2005 2010 2014 2015 Source: BRSA. BAT

69

International Comparison

70

Capital Adequecy Ratios of G-20 Countries (Percent) USA1 Germany Argentina Australia UK Brazil China Indonesia1 France S.Africa India2 Italy Japan Canada Korea Mexico 1

Russia Suudi Arabia Turkey

1

2009

2010

2011

2012

2013

2014

2015

13,9 14,8 18,8 12,0 14,8 18,7 11,4 17,8 12,4 14,1 14,3 11,7 11,2 14,7 14,4 16,5 20,9 16,9 20,6

14,8 16,1 17,7 11,6 15,9 16,9 12,2 16,2 12,7 14,9 15,2 12,1 13,3 15,6 14,3 16,9 18,1 17,6 19,0

14,7 16,4 15,6 11,8 15,7 16,3 12,7 16,1 12,3 15,1 13,1 12,7 13,8 15,9 14,0 15,7 14,7 17,6 16,6

14,5 17,9 17,1 12,1 17,1 16,4 13,3 17,3 14,5 15,9 13,1 13,4 14,2 16,2 14,3 15,9 13,7 18,2 17,9

14,4 19,2 13,6 11,8 19,6 16,1 12,2 19,8 15,4 15,6 12,3 13,7 15,2 14,3 14,5 15,6 13,5 17,9 15,3

14,4 18,0 14,7 12,4 17,3 16,7 13,2 18,7 16,3 14,8 12,5 15,0 15,6 14,2 14,2 15,5 12,5 17,9 16,3

14,1 18,1 14,5 13,1 … 16,3 ... 19,9 … 14,1 12,8 ... 13,6 14,1 ... 15,3 12,9 17,8 15,5

1 Basel I 2 Basel I ve Basel II simultaneously applied Source: IMF, Financial Soundness Indicators,

71

Latest date of the data March December June March December June December March December April March June March June June May December June March

Return on Equity of G-20 Countries (Percent)

USA Germany Argentina Australia UK Brazil China Indonesia France S.Africa India Italy Japan Canada Korea Mexico Russia Suudi Arabia Turkey

2009 1,8 5,0 29,5 16,4 -0,1 15,8 16,2 26,8 7,2 18,8 10,6 4,0 -5,7 18,2 8,6 15,2 4,1 23,0 26,4

2010 1,8 8,8 34,5 17,7 6,9 16,7 19,2 25,9 12,0 18,6 10,8 3,7 5,5 23,0 9,7 16,8 12,5 20,4 23,9

2011 2,3 13,0 36,5 19,7 6,1 16,1 20,4 25,4 8,3 21,3 13,4 -13,0 4,8 23,6 13,2 15,5 17,3 19,4 19,0

2012 2,7 10,8 38,8 17,7 3,4 13,1 19,8 25,3 6,0 20,5 13,8 -0,9 5,7 22,7 8,2 17,5 17,9 18,7 19,6

Source: IMF, Financial Soundness Indicators

72

2013 3,3 7,5 43,7 20,1 4,2 13,1 19,2 24,5 8,4 18,6 10,8 -11,5 9,1 22,3 4,0 19,3 14,0 18,6 17,4

2014 2,8 7,2 48,6 20,7 13,9 13,0 17,6 21,3 4,4 17,8 9,6 1,2 7,8 22,5 7,2 15,9 7,5 18,5 14,7

2015 3,1 ... 44,7 21,4 … 14,7 ... 19,7 ... 20,0 10,8 ... 6,3 21,5 ... 16,5 ... 18,2 14,6

Latest date of the December December March December June December December December December June December June September March June May December March March

Selected Banking Indicators of EU and Other European Countries (Percent) Luxembourg Malta Ireland Cyprus Denmark UK France Netherlands EU Sweden Spain Finland Belgium Portugal Germany Austria Italy Greece Croatia Latvia Czech Republic Slovenia Turkey Bulgaria Hungary Estonia Poland Slovakia Lithuania Romania

Assets to GDP 2013 2014 1.966 1.969 668 664 567 571 498 521 414 420 435 399 372 383 346 370 314 311 279 290 306 286 259 282 260 275 303 271 267 268 283 267 252 249 223 222 133 134 128 130 122 126 129 117 111 114 113 111 115 109 105 107 92 92 83 85 69 70 63 60

Loans to GDP 2013 2014 844 792 198 184 201 172 353 372 251 248 211 181 205 205 195 200 171 164 159 162 177 166 130 133 120 119 167 150 157 150 171 161 148 149 135 132 103 101 90 83 73 74 90 77 67 71 79 73 65 75 86 93 63 63 56 57 54 59 45 41

Source: ECB

73

Deposits to GDP 2013 2014 925 922 261 305 215 185 290 279 113 118 195 170 185 187 160 173 161 157 91 94 198 192 90 91 157 155 181 164 159 155 158 153 143 145 146 136 81 83 60 59 82 82 90 81 60 60 74 74 62 61 70 74 58 59 61 62 45 50 36 37

Selected Banking Indicators of EU and Other European Countries (Thousand Euro) Luxembourg Ireland Denmark Netherlands UK Sweden France Malta Finland Cyprus Austria Belgium Germany Italy Spain Portugal Greece Slovenia Czech Republic Estonia Latvia Croatia Slovakia Hungary Poland Turkey Lithuania Bulgaria Romania

Assets per Capita 2013 2014 1.703 1.752 222 234 187 193 134 146 139 140 127 129 120 124 119 124 97 106 104 106 108 103 92 98 93 97 68 66 67 64 49 45 37 36 22 21 18 19 15 16 14 15 14 14 11 12 12 11 9 10 8 9 8 9 7 7 5 5

Loans per Capita 2013 2014 732 704 79 71 113 114 75 79 68 63 73 72 66 66 35 34 49 50 74 76 65 62 42 43 55 54 40 40 39 37 27 25 22 22 16 14 11 11 12 14 10 10 11 10 8 8 7 8 7 7 5 6 6 7 5 4 3 3

Source: ECB

74

Deposits per cCapita 2013 2014 802 820 84 76 51 54 62 68 62 59 41 42 60 61 47 57 34 34 61 57 60 59 55 55 56 56 39 38 44 43 29 27 24 22 16 15 12 12 10 11 7 7 8 8 8 9 6 6 6 6 4 5 5 6 4 4 3 3

Selected Indicators of Financial Sector to Gdp Ratios Comparison with World and Emerging Countries (Percent)

2002

2008

2011

2012

2013

World

EM

TR

World

EM

TR

World

EM

TR

World

EM

TR

World

EM

TR

Banks Assets

264

145

61

160

87

75

158

100

94

162

106

98

160

110

105

Capital Markets

203

59

59

192

79

47

208

74

59

210

82

69

216

78

59

Equities

69

25

16

55

42

19

67

38

29

73

42

40

83

39

32

Bonds and Bills

135

35

43

137

38

28

141

36

30

137

40

30

133

39

27

468

205

120

352

167

121

366

174

153

372

188

167

376

188

164

Total

Source: IMF, Global Financial Stability Report, October 2014

75

Comparison with World and Emerging Countries (Percent)

2001

2002

2011

2012

2013

TR/ World TR/ EM* TR/ World TR/ EM TR/ World TR/ EM TR/ World TR/ EM TR/ World TR/ EM Banks Assets

0.21

1.65

0.17

1.34

0,59

2,54

0,66

2,68

0,64

2,42

Capital Markets

0.27

4.45

0.21

3.18

0,28

2,11

0,36

2,46

0,30

2,15

Equities

0.24

3.49

0.17

2.06

0,42

2,02

0,59

2,78

0,42

2,34

Bonds and Bills

0.29

5.25

0.23

3.98

0,21

2,20

0,23

2,13

0,22

1,97

Total

0.24

2.49

0.19

1.87

0,41

2,35

0,49

2,59

0,34

1,76

Gdp

0.77

3.33

0.72

3.19

1,10

3,03

1,09

2,91

1,10

2,84

Source: IMF, Global Financial Stability Report, October 2014

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Remarks

• • •

• • •

Net Interest Income / Expenditure: Interest Income – Interest Expenditures Free Shareholder’s Equity: Shareholder’s Equity - (Fixed Assets + Non Performing Loans (net)) Non Deposit Funds: Payables to the Central Bank + Payables to money market + Payables to banks + Funds from Repo transactions + Funds + Securities issued Net Non Interest Income (Expenditure) : Net Operating Profit (Loss) – Net Interest Income (Expenditure) Net Fees and Commissions (Expenditure) : Fees and commissions provided from loans – Fees and commissions paid Other Assets: Includes all balance sheet asset accounts not covered specifically in other areas of the activity

77