December 2013

Fibabanka
Overview
December 2013
 12 Countries
 82 Companies
 15,000 employees
Fiba Group – Sectors & Companies
Fiba Holding
Banking
Other Financial
Services
Fibabanka
•
Fiba Portfolio Management
• Credit Europe Group Holland
• CEB Holland
• CEL Romania
• CEB Suisse
• CEL Russia
• CEB Romania
• CEL Ukraine
• CEB Russia
• Credit Europe
• CEB Dubai
Retail
• Marks & Spencer
•
• CEB Ukraine
Fina Holding
Turkey, Russia,
Ukraine
• Gap Turkey,
Russia, Ukraine
• Banana Republic
Turkey, Russia
• Aeropostale
Turkey
Real Estate & Asset
Management
• Fiba Real Estate
• Fiba Mall
Turkey
• Anchor Group
Romania
Management
Turkey
• AJT (Swissôtel
• Star Mall Real Estate
Marine&Logistics
• Kumport
Container Port,
Turkey
Energy
• Fina Energy Holding
Turkey
Other
• Fiba Air Turkey
• GiriĢim Factoring Turkey
İstanbul) Turkey
Hong Kong,
Shenyang , Shanghai
• ICS Lemi Invest
Moldovia
Ipotecar Romania
• CE Asigurari Romania
• CE Life Insurance Russia
• Fiba Factoring Turkey
• GiriĢim NPL Management Turkey
• Fiba Life Insurance Turkey
• Fiba Group is mainly focused on selected business activities in the service industry
• Fiba Group has geographically expanded its high performing and value generating business lines, both nationally, internationally,
through replicating best practices
• Fiba Group has also captured value opportunistically through:
– Fostering development teams aimed at capturing value through M&As/exits, and participating in new business lines of significant
size and growth potential
4
Financial Summary – Fiba Holding and CEB N.V.
Credit Europe Bank N.V. (Consolidated)
Fiba Holding
Total Assets (mln €)
Total Assets (mln €)
11.737
9.237
11.405
10.158
10.990
10.762
Dec 12
2009
2010
2011
2012
Shareholders' Equity (mln €)
1.099
2009
Dec 13
Shareholders' Equity mln €)
1.225
1.249
2010
2011
1.209
2012
649
Dec 12
641
Dec 13
5
Financial Summary-Credit Europe Bank Group
31/12/13
Total Assets (€mm)
Loans to customers (€mm)
Customer Deposits (€mm)
PBT (€mm)
# of Employees
# of Customers ('000s)
CEB NL
CEB Russia
6.280
2.654
4.092
36,5
327
423
3.364
2.946
1.028
87,7
4.703
3.250
CEB Romania
1.172
675
670
(5,5)
925
554
Branches;
Direct Sales;
Branches; Direct sales;
Internet
Direct sales; ATMs; POSs;
Key Retail Distribution Channels
banking; Call ATMs; POSs;
Internet
center
Call center banking; Call
center
# of Branches
4
114
65
CEB Suisse
567
229
181
7,0
58
1
n/a
CEB
Dubai
CEB
Ukraine
129
102
14
3,8
17
0
Branches;
Direct
sales;
n/a
-
152
83
24
12,2
62
2
-
1
6
Overview of Fibabanka Operations
Overview and Shareholder Structure
Overview
Shareholder Structure

Acquired in December 2010

1,152 employees as of December 2013, 771 employees at 62
branches and 381 employees at Head Office

Branches in major cities: İstanbul (30), Ankara (7), Antalya (6),
İzmir (3), Bursa (1), Adana (2), G.Antep (3), Muğla (1), Kocaeli (1),
Denizli (1), Mersin (1),Konya (1), Diyarbakır (1), ġanlıurfa (1),
Düzce (1),Tekirdağ (1), Kayseri (1)

Commercial Segmentation: Corporate and commercial customers

Retail Segmentaion: Private,affluent,upper mass and SMEs
customers.
COMMERCIAL BANKING

26 years of corporate banking experience in the country

Working capital loans to mid and large size corporate customers
and also SMEs

Providing medium to long term financing projects in construction
& contracting, energy, manufacturing and tourism

Cross sell possibility to local corporate customers (local current
accounts, local TRY clearing and custody services)

Create business opportunities through cash management and
trade finance products in order to deepen the relationship with
customers
RETAIL BANKING


Servicing retail customers through alternative distribution
channels due to the limited branch network
27/12/10 31/12/11 31/12/12 31/12/13
95%
97%
5%
3%
100%
98%
2%
202.535 325.000 426.650 550.000
Credit Europe Bank N.V.*
Millennium BCP
Fiba Holding A.ġ.
Other
Paid-in Capital (Ths TL)
* Shares of Credit Europe Bank N.V. and Millennium BCP were transferred to Fiba
Holding A.ġ. as of December 2012 (Fiba Holding is the main shareholder of Credit
Europe Group.).
100%
97%
95%
5%
3%
27/12/10
31/12/11
Credit Europe Bank N.V.*
Millennium BCP
98%
2%
31/12/12
Fiba Holdi g A.Ş.
31/12/13
Other
47 ths active customers
8
Branch Network
Edirne
Kırklarel
i
Tekirdağ
Bartın
Kastamonu
Zonguldak
Karabük
Kocaeli
Düzce
Sakarya
Bolu
Yalova
Çankırı
Sinop
İstanbul
Çanakkale
Artvi
Samsun
Tokat
Bilecik
Bursa
Ankara
Balıkesir
EskiĢehir
Manisa
Sivas
KırĢehir
Tunceli
NevĢehir
Afyon
UĢak
Aydın
Denizli
Burdur
MuĢ
Batman
Siir
t
ġırnak
Hakkari
Mardin
Osmaniye
Karaman
Van
Bitli
Adıyaman
Adana
Muğla
Bingöl
Diyarbakır
KahramanmaraĢ
Niğde
Konya
Antalya
Ağrı
s
Aksaray
Isparta
Iğdır
Erzurum
Elazığ
Malatya
Kayseri
İzmir
Kars
Erzincan
Kırıkkale
Yozgat
Kütahya
Trabzon
Giresun
GümüĢhane
Bayburt
Ordu
Amasya
Çorum
Ardahan
n
Rize
Gaziantep
ġanlıurfa
Kilis
Mersin
Hatay
current
Number of branches
Dec 11
Dec 12
Jun 13
Sep 13
Dec 13
21
28
40
55
62
9
Financial Figures
Financial Summary-1
Balance Sheet (BRSA-TL mln)
Cash&banks
Securities
Loans to customers, net
Other assets
Total Assets
Dec 10
129
95
640
38
902
Dec 11
262
52
2.107
66
2.487
Dec 12
485
132
3.221
62
3.900
636
141
0
0
19
203
106
902
2.012
75
0
0
166
325
233
2.487
2.637
458
223
90
110
427
383
3.900
Customer deposits
Bank borrowings
Securities issued
Subordinated loan
Other liabilities
Paid in capital
Shareholders’ equity
Total Liabilities
Dec 13
YTD (%)
1.065
120%
283
113%
5.180
61%
136
119%
6.664
71%
4.328
1.005
297
275
261
550
497
6.664
Composition of Liabilities (ths TL)
Composition of Assets (ths TL)
4%
3%
64%
119%
33%
207%
138%
29%
30%
71%
2%
2%
12%
9%
2%
7%
3%
16%
10%
2% 2%
6%
12%
Other assets
71%
85%
83%
78%
7%
4%
4%
4%
15%
Other liabilities
Subordinated loan
Securities issued
Loans to customers, net
Securities
Shareholders’ equity
70%
81%
Bank borrowings
68%
65%
Dec 12
Dec 13
Customer deposits
Cash&banks
10%
4%
14%
2%
11%
3%
12%
16%
Dec 10
Dec 11
Dec 12
Dec 13
Dec 10
Dec 11
11
Loans to Customers
Loans to Customers (Performing)
Breakdown of Total Loans by Segment
(mln TL)*
61%
Retail;
400; 8%
5.149
425%
Breakdown of Total Loans by Currency
3.197
TL 2.783
54%
Commercial
; 3.520; 68%
609
Dec 10
FC 2.366
46%
SME;
1.229; 24%
2.083
Dec 11
Dec 12
Dec 13
*NPLs and provisions are not included.
Commercial Loans (mln TL)
SME Loans (mln TL)
44%
Retail Loans (mln TL)
136%
3.520
1157%
1.229
348%
2.452
1.529
116
195
Dec 10
Dec 11
298
520
Dec 12
Dec 13
Dec 10
400
260
225
Dec 11
Dec 12
294
Dec 11
Dec 12
Dec 13
Dec 10
Dec 13
12
Customer Deposits and Funding
Customer Deposits (mln TL)
Deposits Currency Composition (mln TL)
Deposits Segment Composition (mln TL)
64%
4.328
315%
FC 1.580
37%
2.637
2.012
Commercial
1.722 40%
636
Retail 2.606
60%
TL 2.748
63%
Dec 10
Dec 11
Dec 12
Dec 13
Syndication loan for EUR 69.5 mln and USD 30.5 mln with maturity Dec 2014.
Other Funding Sources
Paid-in-Capital (mln TL)
550

Syndication loan for EUR 69.5 mln and USD 30.5 mln with maturity
Dec 2014.

Borrowing from IFC and EFSE for USD 30 mln and EUR 15 mln
respectively with maturity June 2017.

Subdebt from Fiba Holding for USD 50 mln with maturity Dec 2022.

Subdebt from IFC, EBRD and ETDB for USD 40 mln, EUR 20 mln and USD
10 mln respectively with maturity 2023.

TL bond issuances total of TL 297 mln.
427
325
203
Dec 10
Dec 11
Dec 12
Dec 13
13
Income Statement & Key Ratios
Income Statement (BRSA-TL mln)
NII
Net Fee & Com. Income
Trading Income
Total Income
Personnel Expenses
Operating Expenses
Total Expenses
Operating Income
Provisions
Other Income/Expense
Income Before Tax
Tax
Net Income (BRSA)
Net Income (IFRS)
Ratios
NIM
Cost/Income
ROA
ROE
NPL ratio
CAR
Dec 10
27,4
10,2
-9,0
28,6
-22,4
-21,2
-43,6
-15,0
-2,1
1,6
-15,5
0,9
-14,6
Dec 11
64,3
22,7
3,0
90,1
-35,8
-26,8
-62,6
27,5
-16,8
-2,7
7,9
-2,7
5,2
Dec 12
139,2
28,1
11,4
178,7
-53,8
-36,6
-90,4
88,3
-25,3
-2,7
60,3
-14,6
45,7
Dec 13
194,1
44,3
12,0
250,4
-83,7
-58,6
-142,3
108,1
-45,2
-3,9
58,9
-15,1
43,8
YoY (%)
39%
58%
5%
40%
55%
60%
57%
22%
79%
48%
-2%
4%
-4%
-17,8
25,3
57,7
56,2
-3%
Dec 10
2,8%
115,8%
-1,5%
-12,8%
3,3%
15,0%
Dec 11
4,0%
71,9%
1,2%
9,4%
0,8%
17,2%
Dec 12
5,1%
54,0%
1,8%
16,3%
0,9%
14,3%
NIM
2,8%
2010
4,0%
2011
5,1%
2012
4,3%
2013
Cost/Income
115,8%
71,9%
2010
Dec 13
4,3%
59,7%
1,1%
13,7%
1,2%
13,3%
2011
54,0%
59,7%
2012
2013
ROE
16,3%
13,7%
2012
2013
9,4%
2010
2011
-12,8%
14
Key Budget Figures
Number of branches
Number of personnel
%Dec13Dec'13 Dec'14 (B) Dec14 (B)
62
65
5%
1.152
1.261
9%
(Mln TL)
Loans to customers
%Dec13Dec'13 Dec'14 (B) Dec14 (B)
5.149
6.666
29%
Retail
SME
Corporate&Commercial
Agriculture
Total Assets
Funding: (Mln TL)
Customer Deposits
Other Borrowings
Group Banks
Repo
Total
400
1.229
3.520
0
6.664
466
1.950
4.200
50
8.694
17%
59%
19%
0%
30%
Dec'13 Dec'14 (B)
4.328
5.801
1.350
978
1
0
226
340
5.904
7.119
%Dec13Dec14 (B)
34%
-28%
-100%
50%
21%
15