REG - Finansbank A.S. - 3rd Quarter Results <Origin Href="QuoteRef">FINBN.IS</Origin>

Qnb Finansbank ASAnnouncement

27/10/2016 12:50

RNS Number : 6455N
Finansbank A.S.
27 October 2016
(CONVENIENCE TRANSLATION OF FINANCIAL STATEMENTS)
FNANSBANK ANONM RKET
CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2016 (STATEMENT OF FINANCIAL POSITION)
(Amounts expressed in Thousands of Turkish Lira (TL) unless otherwise stated.)
CONSOLIDATED BALANCE SHEET - ASSETS
Reviewed
Audited
30.09.2016
31.12.2015
TL
FC
Total
TL
FC
Total
I. 
CASH AND BALANCES WITH THE CENTRAL BANK
1.746.465
10.955.161
12.701.626
2.088.093
7.908.952
9.997.045
II. 
FINANCIAL ASSETS AT FAIR VALUE THROUGH PROFIT AND LOSS (Net) 
1.335.419
302.315
1.637.734
2.115.453
253.235
2.368.688
2.1 
Financial assets held for trading
1.306.893
302.315
1.609.208
2.068.099
253.235
2.321.334
2.1.1 
Public sector debt securities 
47.437
6.635
54.072
67.569
4.853
72.422
2.1.2 
Equity securities
-
-
-
-
-
-
2.1.3 
Assets on trading derivatives
1.231.680
295.680
1.527.360
1.988.998
248.382
2.237.380
2.1.4 
Other securities 
27.776
-
27.776
11.532
-
11.532
2.2 
Financial assets at fair value through profit and loss
28.526
-
28.526
47.354
-
47.354
2.2.1 
Public sector debt securities
-
-
-
-
-
-
2.2.2 
Equity securities
-
-
-
-
-
-
2.2.3 
Loans 
28.526
-
28.526
47.354
-
47.354
2.2.4 
Other securities 
-
-
-
-
-
-
III. 
BANKS 
4.631
440.128
444.759
10.345
307.794
318.139
IV. 
MONEY MARKET PLACEMENTS
93.343
-
93.343
87.711
-
87.711
4.1 
Interbank money market placements
-
-
-
-
-
-
4.2 
Istanbul Stock Exchange money market placements
93.343
-
93.343
87.711
-
87.711
4.3 
Receivables from reverse repurchase agreements
-
-
-
-
-
-
V. 
INVESTMENT SECURITIES AVAILABLE-FOR-SALE (Net) 
3.973.409
2.597.089
6.570.498
3.383.136
1.912.514
5.295.650
5.1 
Equity securities
4.098
40.432
44.530
4.098
-
4.098
5.2 
Public sector debt securities 
3.969.014
2.522.822
6.491.836
3.378.323
1.880.669
5.258.992
5.3 
Other securities 
297
33.835
34.132
715
31.845
32.560
VI. 
LOANS AND RECEIVABLES
49.901.746
11.131.623
61.033.369
47.152.143
9.910.052
57.062.195
6.1 
Loans and receivables
49.070.053
11.131.623
60.201.676
46.399.263
9.910.052
56.309.315
6.1.1
Loans to risk group of the Bank
87
364
451
-
-
-
6.1.2
Public sector debt securities
-
-
-
-
-
-
6.1.3.
Other
49.069.966
11.131.259
60.201.225
46.399.263
9.910.052
56.309.315
6.2 
Non-performing loans
4.269.030
-
4.269.030
3.814.659
-
3.814.659
6.3 
Specific provisions (-) 
3.437.337
-
3.437.337
3.061.779
-
3.061.779
VII. 
FACTORING RECEIVABLES 
716.836
24.067
740.903
544.992
26.734
571.726
VIII. 
INVESTMENT SECURITIES HELD TO MATURITY (Net)
3.162.471
1.584.582
4.747.053
3.009.964
863.950
3.873.914
8.1 
Public sector debt securities
3.162.471
1.071.724
4.234.195
3.009.964
110.652
3.120.616
8.2 
Other securities
-
512.858
512.858
-
753.298
753.298
IX. 
INVESTMENT IN ASSOCIATES (Net) 
3.766
-
3.766
3.766
-
3.766
9.1 
Equity method associates
-
-
-
-
-
-
9.2 
Unconsolidated
3.766
-
3.766
3.766
-
3.766
9.2.1 
Financial Investments
-
-
-
-
-
-
9.2.2 
Non-financial Investments
3.766
-
3.766
3.766
-
3.766
X. 
INVESTMENT IN SUBSIDIARIES (Net) 
18.054
-
18.054
18.054
-
18.054
10.1 
Unconsolidated financial investments
-
-
-
-
-
-
10.2 
Unconsolidated non-financial investments
18.054
-
18.054
18.054
-
18.054
XI. 
ENTITIES UNDER COMMON CONTROL (JOINT VENTURES) (Net) 
96.310
-
96.310
106.027
-
106.027
11.1 
Equity method entities under common control
93.510
-
93.510
103.227
-
103.227
11.2 
Unconsolidated 
2.800
-
2.800
2.800
-
2.800
11.2.1 
Financial investments
-
-
-
-
-
-
11.2.2 
Non-financial Investments
2.800
-
2.800
2.800
-
2.800
XII. 
LEASE RECEIVABLES (Net)
1.034.790
1.260.166
2.294.956
823.804
1.113.148
1.936.952
12.1 
Financial lease receivables
1.298.524
1.389.482
2.688.006
1.016.018
1.234.822
2.250.840
12.2 
Operational lease receivables
-
-
-
-
-
-
12.3 
Others
-
-
-
-
-
-
12.4 
Unearned income (-)
263.734
129.316
393.050
192.214
121.674
313.888
XIII. 
DERIVATIVE FINANCIAL ASSETS HEDGING PURPOSES
2.297.112
20.001
2.317.113
3.219.905
19.104
3.239.009
13.1 
Fair value hedge
1.723.293
20.001
1.743.294
2.292.114
18.069
2.310.183
13.2 
Cash flow hedge
573.819
-
573.819
927.791
1.035
928.826
13.3 
Hedging of a net investment in foreign subsidiaries
-
-
-
-
-
-
XIV. 
TANGIBLE ASSETS (Net) 
1.596.087
27
1.596.114
1.581.501
8
1.581.509
XV. 
INTANGIBLE ASSETS (Net) 
284.541
-
284.541
270.040
-
270.040
15.1 
Goodwill 
-
-
-
-
-
-
15.2 
Others 
284.541
-
284.541
270.040
-
270.040
XVI. 
INVESTMENT PROPERTIES (Net) 
-
-
-
-
-
-
XVII. 
TAX ASSETS 
26.308
-
26.308
107.789
-
107.789
17.1 
Current tax assets 
175
-
175
6.846
-
6.846
17.2 
Deferred tax assets
26.133
-
26.133
100.943
-
100.943
XVIII. 
ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (Net)
-
-
-
-
-
-
18.1 
Assets held for sale
-
-
-
-
-
-
18.2 
Discontinued operations
-
-
-
-
-
-
XIX. 
OTHER ASSETS 
1.385.985
417.136
1.803.121
1.081.061
129.791
1.210.852
TOTAL ASSETS 
67.677.273
28.732.295
96.409.568
65.603.784
22.445.282
88.049.066
 
(CONVENIENCE TRANSLATION OF FINANCIAL STATEMENTS)
FNANSBANK ANONM RKET
CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2016 (STATEMENT OF FINANCIAL POSITION)
(Amounts expressed in Thousands of Turkish Lira (TL) unless otherwise stated.)
CONSOLIDATED BALANCE SHEET - LIABILITIES AND EQUITY
Reviewed
Audited
30.09.2016
31.12.2015
TL
FC
Total
TL
FC
Total
I. 
DEPOSITS
31.132.675
20.169.729
51.302.404
28.787.585
19.523.692
48.311.277
1.1 
Deposits from risk group of the Bank
141.990
43.901
185.891
217.793
52.457
270.250
1.2 
Other
30.990.685
20.125.828
51.116.513
28.569.792
19.471.235
48.041.027
II. 
DERIVATIVE FINANCIAL LIABILITIES HELD FOR TRADING
1.033.920
303.460
1.337.380
1.882.909
273.555
2.156.464
III. 
FUNDS BORROWED
296.435
8.727.116
9.023.551
501.930
5.564.127
6.066.057
IV. 
MONEY MARKET BORROWINGS
4.130.466
2.769.819
6.900.285
2.951.341
1.857.920
4.809.261
4.1 
Interbank money markets takings
860.197
-
860.197
-
-
-
4.2 
Istanbul Stock Exchange money markets takings
135.173
-
135.173
147.173
-
147.173
4.3 
Funds provided under repurchase agreements
3.135.096
2.769.819
5.904.915
2.804.168
1.857.920
4.662.088
V. 
SECURITIES ISSUED (Net)
1.866.555
3.851.779
5.718.334
841.151
4.985.836
5.826.987
5.1 
Bills
1.754.646
8.988
1.763.634
770.076
-
770.076
5.2 
Asset backed securities
-
-
-
-
-
-
5.3 
Bonds
111.909
3.842.791
3.954.700
71.075
4.985.836
5.056.911
VI. 
FUNDS
-
-
-
-
-
-
6.1 
Borrower funds
-
-
-
-
-
-
6.2 
Other
-
-
-
-
-
-
VII. 
SUNDRY CREDITORS
2.174.320
2.706.975
4.881.295
2.061.023
3.462.407
5.523.430
VIII. 
OTHER LIABILITIES
1.607.657
227.246
1.834.903
1.003.771
165.549
1.169.320
IX. 
FACTORING PAYABLES
-
-
-
-
-
-
X. 
LEASE PAYABLES (Net)
-
-
-
-
-
-
10.1 
Financial lease payables
-
-
-
-
-
-
10.2 
Operational lease payables
-
-
-
-
-
-
10.3 
Others
-
-
-
-
-
-
10.4 
Deferred financial lease expenses ( - )
-
-
-
-
-
-
XI. 
DERIVATIVE FINANCIAL LIABILITIES FOR HEDGING PURPOSES
337.508
362.847
700.355
60.229
223.215
283.444
11.1 
Fair value hedge
24.292
280.243
304.535
-
178.808
178.808
11.2 
Cash flow hedge
313.216
82.604
395.820
60.229
44.407
104.636
11.3 
Hedge of net investments in foreign subsidiaries
-
-
-
-
-
-
XII. 
PROVISIONS
1.894.241
-
1.894.241
1.777.641
-
1.777.641
12.1 
General provisions
1.284.083
-
1.284.083
1.190.403
-
1.190.403
12.2 
Restructuring provisions
-
-
-
-
-
-
12.3 
Reserve for employee benefits
264.239
-
264.239
250.505
-
250.505
12.4 
Insurance technical provisions (Net)
-
-
-
-
-
-
12.5 
Other provisions
345.919
-
345.919
336.733
-
336.733
XIII. 
TAX LIABILITY
126.751
-
126.751
57.581
-
57.581
13.1 
Current tax liability
126.751
-
126.751
57.581
-
57.581
13.2 
Deferred tax liability
-
-
-
-
-
-
XIV. 
PAYABLES RELATED TO ASSETS HELD FOR SALE AND DISCONTINUED OPERATIONS (NET)
-
-
-
-
-
-
14.1 
Held for sale
-
-
-
-
-
-
14.2 
Discontinued operations
-
-
-
-
-
-
XV. 
SUBORDINATED LOANS
-
2.780.244
2.780.244
-
2.662.119
2.662.119
XVI. 
SHAREHOLDERS' EQUITY
10.197.537
(287.712)
9.909.825
9.583.782
(178.297)
9.405.485
16.1 
Paid-in capital
3.000.000
-
3.000.000
3.000.000
-
3.000.000
16.2 
Capital reserves
(166.843)
(287.712)
(454.555)
(29.747)
(178.297)
(208.044)
16.2.1 
Share Premium
714
-
714
714
-
714
16.2.2 
Share cancellation profits
-
-
-
-
-
-
16.2.3 
Securities value increase fund
(5.425)
(246.725)
(252.150)
(65.962)
(178.297)
(244.259)
16.2.4 
Revaluation fund on tangible asset
-
-
-
-
-
-
16.2.5 
Revaluation fund on intangible asset
-
-
-
-
-
-
16.2.6 
Investment property revaluation differences
-
-
-
-
-
-
16.2.7 
Bonus shares obtained from associates, subsidiaries and entities under common control (joint ventures)
-
-
-
-
-
-
16.2.8 
Hedging funds (effective portion)
(116.458)
(40.987)
(157.445)
81.175
-
81.175
16.2.9 
Accumulated valuation differences from assets held for sale and discontinued operations
-
-
-
-
-
-
16.2.10 
Other capital reserves
(45.674)
-
(45.674)
(45.674)
-
(45.674)
16.3 
Profit reserves
6.479.179
-
6.479.179
5.621.561
-
5.621.561
16.3.1 
Legal reserves
487.422
-
487.422
451.979
-
451.979
16.3.2 
Status reserves
-
-
-
-
-
-
16.3.3 
Extraordinary reserves
5.991.757
-
5.991.757
5.169.582
-
5.169.582
16.3.4 
Other profit reserves
-
-
-
-
-
-
16.4 
Profit or loss
879.548
-
879.548
802.739
-
802.739
16.4.1 
Prior years' income/ (losses)
-
-
-
138.389
-
138.389
16.4.2 
Current period income/ (loss)
879.548
-
879.548
664.350
-
664.350
16.5 
Non-controlling interest
5.653
-
5.653
189.229
-
189.229
TOTAL LIABILITIES AND EQUITY
54.798.065
41.611.503
96.409.568
49.508.943
38.540.123
88.049.066
(CONVENIENCE TRANSLATION OF FINANCIAL STATEMENTS)
FNANSBANK ANONM RKET
CONSOLIDATED BALANCE SHEET AS OF SEPTEMBER 30, 2016 (STATEMENT OF FINANCIAL POSITION)
(Amounts expressed in Thousands of Turkish Lira (TL) unless otherwise stated.)
CONSOLIDATED INCOME STATEMENT
Reviewed
Reviewed
Reviewed
Reviewed
01.01 - 30.09.2016
01.01 - 30.09.2015
01.07 - 30.09.2016
01.07 - 30.09.2015
I.
INTEREST INCOME
6.653.313
5.721.265
2.310.996
2.031.713
1.1
Interest on loans
5.701.229
4.871.271
1.966.100
1.721.619
1.2
Interest received from reserve deposits
38.663
14.274
13.310
7.207
1.3
Interest received from banks
8.408
4.298
2.775
1.519
1.4
Interest received from money market placements
46.162
89.660
21.416
46.223
1.5
Interest received from marketable securities portfolio
623.986
560.900
224.016
188.991
1.5.1
Held-for-trading financial assets
3.633
3.061
967
1.692
1.5.2
Financial assets at fair value through profit and loss
3.625
7.417
998
2.089
1.5.3
Available-for-sale financial assets
354.608
314.518
126.661
106.824
1.5.4
Investments held-to-maturity
262.120
235.904
95.390
78.386
1.6
Finance lease income
154.049
123.287
54.794
43.648
1.7
Other interest income
80.816
57.575
28.585
22.506
II.
INTEREST EXPENSE
3.235.673
2.784.954
1.078.241
973.904
2.1
Interest on deposits
2.499.218
2.063.824
805.101
724.346
2.2
Interest on funds borrowed
292.926
251.079
107.657
91.429
2.3
Interest on money market borrowings
188.710
162.700
84.611
55.515
2.4
Interest on securities issued
244.306
299.330
80.667
102.413
2.5
Other interest expense
10.513
8.021
205
201
III.
NET INTEREST INCOME (I - II)
3.417.640
2.936.311
1.232.755
1.057.809
IV.
NET FEES AND COMMISSIONS INCOME 
1.062.311
1.059.545
360.326
362.453
4.1
Fees and commissions received
1.305.095
1.246.530
436.882
434.251
4.1.1
Non-cash loans
51.524
43.291
17.890
14.991
4.1.2
Other
1.253.571
1.203.239
418.992
419.260
4.2
Fees and commissions paid
242.784
186.985
76.556
71.798
4.2.1
Non-cash loans
1.319
1.028
384
308
4.2.2
Other
241.465
185.957
76.172
71.490
V.
DIVIDEND INCOME
103
57
22
-
VI.
NET TRADING INCOME
(509.100)
(491.267)
(147.072)
(228.056)
6.1
Securities trading gains/ (losses) 
18.853
17.985
3.429
5.586
6.2
Gains / (losses) from financial derivatives transactions 
(560.213)
(519.723)
(168.667)
(265.320)
6.3
Foreign exchange gains/ (losses) 
32.260
10.471
18.166
31.678
VII.
OTHER OPERATING INCOME
296.347
248.681
13.154
13.183
VIII.
NET OPERATING INCOME (III+IV+V+VI+VII)
4.267.301
3.753.327
1.459.185
1.205.389
IX.
PROVISION FOR LOAN LOSSES AND OTHER RECEIVABLES (-)
971.083
810.564
348.134
259.026
X.
OTHER OPERATING EXPENSES (-)
2.182.788
2.122.986
706.927
738.657
XI.
NET OPERATING INCOME/(LOSS) (VIII-IX-X)
1.113.430
819.777
404.124
207.706
XII.
AMOUNT IN EXCESS RECORDED AS GAIN AFTER MERGER
-
-
-
-
XIII.
GAIN / (LOSS) ON EQUITY METHOD
(9.716)
(3.643)
(3.148)
2.292
XIV.
GAIN / (LOSS) ON NET MONETARY POSITION
-
-
-
-
XV.
PROFIT/(LOSS) FROM CONTINUED OPERATIONS BEFORE TAXES (XI++XIV)
1.103.714
816.134
400.976
209.998
XVI.
TAX CHARGE FOR CONTINUED OPERATIONS ()
(222.358)
(146.812)
(90.471)
(36.529)
16.1
Current income tax charge
(85.428)
(166.952)
(56.907)
(41.930)
16.2
Deferred tax charge / benefit
(136.930)
20.140
(33.564)
5.401
XVII.
NET PROFIT/(LOSS) FROM CONTINUED OPERATIONS (XVXVI)
881.356
669.322
310.505
173.469
XVIII.
INCOME ON DISCONTINUED OPERATIONS
-
-
-
-
18.1
Income on assets held for sale
-
-
-
-
18.2
Income on sale of associates, subsidiaries and entities under common control
-
-
-
-
18.3
Income on other discontinued operations
-
-
-
-
XIX.
LOSS FROM DISCONTINUED OPERATIONS (-)
-
-
-
-
19.1
Loss from assets held for sale
-
-
-
-
19.2
Loss on sale of associates, subsidiaries and entities under common control
-
-
-
-
19.3
Loss from other discontinued operations
-
-
-
-
XX.
PROFIT / (LOSS) ON DISCONTINUED OPERATIONS BEFORE TAXES (XVIII-XIX)
-
-
-
-
XXI.
TAX CHARGE FOR DISCONTINUED OPERATIONS ()
-
-
-
-
21.1
Current income tax charge
-
-
-
-
21.2
Deferred tax charge / benefit
-
-
-
-
XXII.
NET PROFIT/LOSS FROM DISCONTINUED OPERATIONS (XXXXI)
-
-
-
-
XXIII.
NET PROFIT/LOSS (XVII+XXII)
881.356
669.322
310.505
173.469
23.1
Group's profit/loss
879.548
658.043
310.355
170.230
23.2
Non-controlling interest
1.808
11.279
150
3.239
Earnings per share
0,02932
0,02193
0,01035
0,00567
 

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