Commercial Bank Financial Performance Report Q1 2022
Alternatif Bank - Q1 22 Financials
Balance Sheet
(TRY m)
Total Assets
Total Loans
TL Loans
FC Loans (in USD)
Investments
Total Deposits
TL Deposits
8,614
Mar/21 Dec/21 Mar/22 YtD YOY
40,066 50,989 54,612 7% 36%
23,117 28,411 32,680 15% 41%
12,483 13,353 17,647 32% 41%
1,277 1,130 1,027 -9% -20%
5,718 8,715 9,416 8%
65%
18,725 26,070 27,304 5% 46%
8,603 11,468 33% 33%
•
•
FC Deposits
1,214
1,310
1,082 -17% -11%
Shareholders Equity
2,526
2,625
2,951 12% 17%
•
7% YTD growth in asset (including currency impact) with
cautious and selective lending approach
Optimizing loan book through increasing share of TRY (TRY
loan share Mar 22: 54% Dec 21: 47%)
Fully hedged balance sheet structure against depreciation of
TRY
Focus on decreasing TL funding cost, increasing share of TL
deposits and optimizing funding mix (increasing share of low
ticket deposit and FX protected TL time deposit for pro-active
management of TL spread)
Improved asset quality thanks to limited NPL inflow and strong
collection performance, consolidated NPL ratio is 2.4% as of 1Q
22
Profitability
(TRY m)
1Q21
4Q21
1Q22 QoQ YOY
120
212
346
63% 187%
Net Fee&Comm. Income
43
52
41
-22%
-5%
Trading & Other Income
Operating Income
-35
185
35
-81%
129
449
422
-6%
228%
Operating Expense
Provisions
-108
-132
-140
6% 30%
-71
-231
-108
-53% 52%
Income Tax Expense
10
-22
-41
84%
Net Profit
-41
64
132
107%
• 107% QoQ increase at net profit with positive effect of NII (RR
cost and decreasing FC spread offset by CPI linkers gain and
increasing TL spread)
Operating income YoY increase amounts to TL 293m with
contribution of both NII (TL 226m) and non-interest income (TL
68m)
• Increase in opex is maintained significantly below YoY inflation
(Mar 22 inflation: 61.1%)
• Gradual improvement in bottom line starting with 4Q 21
continued in 1Q 22. Net profit realised as TL 132m (up by 107%
compared to 4Q 22)
Net Interest Income
26
26
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