Commercial Bank Investment and Financial Health Review
Alternatifbank - H1 2020 Financials
Balance Sheet
(TL million)
H1-2020
H1-2019
%
Total assets
33,556
30,146
11%
Asset size in line with the budget with 11% YoY growth
ā 23% YoY loan growth, with increasing share of TL loans to 48% (Dec19: 43%)
Total loans
21,875
17,748
23%
ā Accumulated investments due to higher yields
Investments
4,720
4,720
30%
Total deposits
17,945
15,345
17%
Strong deposit growth with higher DD ratio
Tier 1 ratio of 10.6%, above the minimum ratio of 8.5%, and CAR of 18.4%,
above minimum ratio of 12.0%.
Shareholder equity
2,388
2,094
14%
Despite unexpected market conditions and regulations NII is broadly flat YoY
Net fee income growth of 34%, yet swap restrictions had a severe negative
impact on non-interest income
Costs maintained broadly stable and below budget through tight management
and pro active measures
Higher provisions mainly due to currency impact hurt the bottom-line
Source: Based on consolidated financial statements as of 30 June 2020
Profitability
(TL million)
H1-2020
H1-2019
%
Net interest income
289
293
-1%
Non interest income
154
174
-12%
Gross operating income
443
467
-5%
Operating expense
(191)
(185)
3%
Net provisions
(170)
(178)
-4%
Income tax expense
(15)
(26)
-43%
Net profit
40
67
78
-14%
33View entire presentation