Page 24 - TURKRptMay21

Apr-20
Akbank
$605
86%
367
$256
Libor+2.25%
€316
Euribor+2.00%
Dec-19
QNB Finansbank
$457
367
$59
3-year 1-day $150
€184
3-year 1-day €40
Dec-19
Denizbank
$1,100
new
-
Libor+2.25%
Euribor+2.10%
Nov-19
Vakifbank
$580
82%
367
$240
Libor+2.25%
€309
Euribor+2.10%
Nov-19
Garanti
$802
87%
367
$230
Libor+2.25%
€519
Euribor+2.10%
Nov-19
Eximbank
€500
1-year
Libor+2.35%
Euribor+2.25%
Nov-19
Isbank
$820
84%
367
$215
Libor+2.25%
€545
Euribor+2.10%
Oct-19
Yapi Kredi
$950
91%
367
$370
Libor+2.25%
€520
Euribor+2.10%
Oct-19
TEB
$401
75%
367
$62
Libor+2.25%
€306
Euribor+2.10%
Oct-19
Akbank
$810
83%
367
$402
Libor+2.25%
€374
Euribor+2.10%
Aug-19
ING Turkey
$305
49%
367
$96
Libor+2.50%
€190
Euribor+2.40%
Jul-19
TSKB
$177
80%
367
$68
Libor+2.00%
€98
Euribor+2.00%
May-19
Isbank
$1,030
69%
367
$324
Libor+2.50%
€645
Euribor+2.40%
May-19
Garanti
$784
63%
367
$326
Libor+2.50%
€409
Euribor+2.40%
May-19
Yapi Kredi
$1,000
77%
367
$350
Libor+2.50%
€607
Euribor+2.40%
Apr-19
Vakifbank
$1,100
367
$280
Libor+2.50%
€724
Euribor+2.40%
Apr-19
Ziraat Katilim
$250
367
Apr-19
Eximbank
$630
1-year, 2-year
$184
Libor+2.75%
€398
Euribor+2.65%
Apr-19
Eximbank
$84
Mitsubishi
2-year
$50
2-year grace
€30
2-year grace
Mar-19
Ziraat
$1,422
Emirates
1-year
$470
Libor+2.50%
€849
Euribor+2.40%
Mar-19
Akbank
$700
367
$356
Libor+2.50%
€303
Euribor+2.40%
Mar-19
Turkey Wealth Fund
€1,000
new
2-year
Euribor+2.50%
6.0 Financial & capital markets 6.1 Bank sector overview
6.1.1 Earnings
The combined net income of Turkish banks declined 39% y/y to TRY9.2bn (€955mn) in January-February.
Local lenders increased their assets by 17% y/y in the first two months of the year to TRY6.1trn while their loan volume expanded 29% y/y to reach TRY3.6trn.
Deposits held at banks amounted to TRY3.5bn as of end-February, marking a 25% y/y increase.
6.1.2 NPLs
The combined shareholder equity on the balance sheets of Besiktas (BJKAS), Galatasaray (GSRAY), Fenerbahce (FENER) and Trabzonspor (TSPOR)—the Big Four football clubs that usually dominate Turkish football— was minus Turkish lira (TRY) 3.64bn ($454mn) at end-February compared to minus TRY3.65bn at end-November.
Companies in Turkey’s tourism industry owed banks TRY136bn ($17bn) at end-2020, up 43% y/y.
24 TURKEY Country Report May 2021 www.intellinews.com