Page 31 - TURKRptOct21

7.0 Financial & capital markets 7.1 Bank sector overview
7.1.1 Earnings
The combined net income of Turkish banks increased by 13% y/y to Turkish lira (TRY) 48.5bn (€4.4bn) in January-August.
Interest income banks collected on consumer credits grew 36% y/y to TRY269bn while interest from credit cards leapt 100% y/y to TRY6.7bn. Interest awarded to deposits jumped 115% y/y to TRY70.7bn. Lenders’ net interest income declined 10% y/y to 148bn in January-August.
BDDK also reported that assets of local banks grew by 11.4% from end-2020 to TRY6.8trn as of end-August while loans increased 9.3% over the same period to stand at TRY3.9trn.
There were 53 banks operating in Turkey as of end-August. The number of domestic branches declined to 11,080 from 11,213, while the number of employees in the banking sector dropped to 200,900 from 202,000.
7.1.2 NPLs
Major debt restructurings by Turkish borrowers
Date
Borrower
Owner
Amount
Maturity
Banks
Sep-21
Hotels
Hotel Association of Turkey (TUROB)
CRYING
-
-
Sep-21
Demiroren Holding
Demiroren family
$1.5bn
TALKS
Ziraat and unnamed private banks
Sep-21
Health Ministry
Government
TRY6bn
overdue
medical companies
Sep-21
Torunlar REIT (TRGYO)
Torunlar
TRY750mn
-
Halkbank (HALKB)
Aug-21
Gama Enerji
Gama, Tenega (Malaysia), IFC
$595mn
7,12-year
Is, Yapi Kredi, Garanti, TSKB, Deniz (KPMG)
Aug-21
3rd Bosporus Bridge
Ictas, China Merchants
$1.6bn
FAILING
ICBC, Bank of China, China Merchants Bank
Jun-21
243 companies
October 2019 - June 2021
TRY67bn
-
TBB under restructuring law
May-21
Istanbul Airport
Kalyon, Cengiz, Mapa, Limak
€5.8bn
2033
Ziraat,Halkbank, Garanti, Vakifbank, Deniz
May-21
230 companies
October 2019 - May 2021
TRY56bn
-
TBB under restructuring law
Mar-21
-
Data obtained by TBB from banks
TRY216bn
-
Out restructuring law (not all restructurings)
Mar-21
Dogus REIT (DGGYO)
Dogus Holding
€100mn
2026
Credit Europe (Fiba Holding)
Mar-21
Pamukkale Turizm
-
-
2025
-
Mar-21
Marti (MARTI)
-
$128mn
2030
Denizbank
Mar-21
Global Liman (GPH)
Global Yatirim holding
$250mn
2024
eurobond due Nov 14, 2021
Mar-21
4 Football clubs
Besiktas, Fener, Galatasaray, Trabzon
-
2030
Ziraat, Halk, Deniz, Yapi Kredi
Mar-21
86% of business owners
rent, utility bills, tax
-
-
-
Feb-21
201 companies
-
TRY35bn
-
TBB under restructuring law
Feb-21
TAV Tunisia
TAV (TAVHL)
€371mn
-
local banks
Feb-21
Istanbul Airport
Kalyon, Cengiz, Mapa, Limak
-
2024
DHMI (Turkish airports authorithy)
Feb-21
Five airports
TAV (TAVHL)
-
2024
DHMI (Turkish airports authorithy)
Feb-21
Airport operators
Kalyon,Cengiz,Mapa,Limak,Aeroports deParis,MalaysiaAirports
-
2024
Government
Feb-21
5mn university students
-
TRY5.5bn
demand
Government
31 TURKEY Country Report October 2021 www.intellinews.com