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Bank PresentationApril 2009
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Çalık Holding
BKT
Aktif Bank
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The leading investor in Turkey, Balkans and CIS
One of Turkey’s most up and coming Groups with 19,000 employees in 12 countries
2007 Assets of USD 3.3 billion and Revenues of USD 1.3 billion 2008E Assets of USD 4.9 billion and Revenues of USD 1.7 billion
Rated BBB on a National and B- on an International scale by Fitch
5th Turkish corporate issuing a Eurobond
Reputable partnerships and cooperation with global brands EBRD, IFC, ENI, EWE, Indian Oil, Mitsubishi, Kawasaki, Iberdrola, Qatar Investment Authority
CONSTRUCTION
Çalık HoldingÇalık Holding
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Energy - Oil & Gas
TAPCO
Awarded the license to build and operate strategically important Trans-Anatolian Pipeline (TAP)
Partnership with ENI Group of Italy
Annual capacity of 50-70 million tons of oil
Completion date of 2013
Exploration and Drilling
Explores and drills oil and gas in Turkmenistan
Partnership with Parker Drilling of USA
Holds oil and exploration licenses in Eastern Turkey and Thrace region
Refinery
Awarded the license to build a refinery and petrochemical complex in Ceyhan
Annual capacity of processing 10-15 million tons of crude oil and 2 million tons of petrochemicals
Budget of USD 8 billion
Turkey
Russia
Georgia
Azerbaijan
Iraq
Iran
Syria
Lebanon
Jordan
Egypt
Bulgaria
Romania
Kazakhstan
Eilat
IsraelBaghdad
Ankara
Izmir
Ashkalon
Ceyhan
KirkukMosul
Baku
Samsun
Novorossik
Existing pipelines
Future extension plan of Samsun-CeyhanpipelineSamsun-Ceyhanpipeline
Black Sea
Mediterranean
Caspian SeaTurkey
Russia
Georgia
Azerbaijan
Iraq
Iran
Syria
Lebanon
Jordan
Egypt
Bulgaria
Romania
Kazakhstan
Eilat
IsraelBaghdad
Ankara
Izmir
Ashkalon
Ceyhan
KirkukMosul
Baku
Samsun
Novorossik
Existing pipelines
-Samsun-Ceyhanpipeline
Black Sea
Mediterranean
Caspian Sea
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Turkey’s Second Largest Media Group
Media
One of only two nationwide print distribution network in Turkey 5 regional offices (2 representative offices) 5 printing facilities 25,794 sales outlets (810 chain stores) 221 distributors
20% market share in TV & newspaper advertising
Lusail International Media Co., media affiliate of Qatar Investment Authority, is 25% shareholder of Turkuvaz
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GAP İnşaatGAP İnşaat
ConstructionConstruction
GAP İnşaat ranked 162th in the “Top International Contractors” list of ENR magazine in 2008
Active in the construction of turnkey industrial plants, infrastructure and environmental projects, hospitals, hotels, schools and roads
Cover Middle East, CIS and North Africa
Value of completed projects amounts to approximately USD 1.7 billion
Value of housing projects in the pipeline with a start date of late 2009 in İstanbul is around USD 750 million
Undertaking Turkey’s first urban transformation and renovation projects with private involvement in the heart of Istanbul
Tarlabaşı, Fener Balat
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GAP Güneydoğu TekstilGAP Güneydoğu Tekstil
TextileTextiless
GAP Güneydoğu is one of the world’s top ten suppliers of denim
The only rated textile company in Turkey with a local currency rating of BBB+ from Fitch
Active in the production of yarn, fabric, garment and home textiles
Manufacturing operations in Turkey, Turkmenistan and in Egypt
Majority of sales exported to North America, Europe, North Africa and East Asia Top 3 export destinations are the USA, Italy and Spain
Customers include global names such as Diesel, Replay, Lee-Wrangler, Levi’s, Benetton, H&M, Calvin Klein, Tommy Hilfiger, Zara G-Star, Miss Sixty, M&S, Next, Esprit, Escada
Retail market expansion through Cherry Tree brand in Russia in partnership with Lee and Wrangler
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Çalık Holding
BKT
Aktif Bank
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Banka Kombetare Tregtare Banka Kombetare Tregtare
Financial Financial ServicesServices
BKT is the only bank operating as an Albanian brand in Albania
Active in Corporate and Retail Banking with market share of 14.8% in deposits 9.1% in corporate loans 7.9% in retail loans
Owned 60% by Çalık Holding, 20% by IFC and 20% by EBRD
Third largest bank amongst 15 banks as of year end 2008 Total Assets USD 1.2 billion Deposits USD 1. 1 billion 56 branches throughout Albania 11 branches in Kosovo Captures 80% of trade activity between Turkey and Albania
Selected the “Best Bank of the Year” and “Best Medium Size Bank in CEE” in 2008 by Finance Central Europe Magazine
Rated AAA by Japanese Credit Rating Agency (JCR)
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Çalık Holding
BKT
Aktif Bank
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Aktif Bank at a GlanceAktif Bank at a Glance
Healthy Balance Sheet
Growing asset base
Strong equity capital
Low leverage ratio
High liquidity ratio
Ample capital adequacy
DynamicCulture
Average age of 32
186 employees
Reputable award winning management
Committed Shareholder
Continuous support by Çalık Holding
Cash equity injection of USD 60 million
Capital commitment plan until 2012
International Recognition
National Rating of A- by JCR
Diverse correspondent banking network
Prudent Lending Policy and Disciplined Approach to Risk Management
Well managed loan portfolio Loan/equity ratio of 64.07 %
Good asset quality Remarkable NPL ratio of 0.04%
Low interest rate risk Short maturity loan profile 82% of loans revolving
Fully hedged foreign currency position
Risk based follow up policy
46%
68.8%
35.6 %
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Interest Income
Note: IFRS consoilidated audited results USD/TRY 2006 2007 2008 1.4133 1.1685 1.5180
Total Assets
Financial HighlightsFinancial Highlights
(TRY millions)
%130%40
%117
(TRY millions)
(TRY millions) (TRY millions)
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Equity Advantage Equity Advantage
High Cash Equity Abundant Capital
Well Capitalized
(TRY millions)
(TRY millions)
%69
Equity /Total Assets
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New Face of the Turkish Banking SystemNew Face of the Turkish Banking System
Four Pillar Strategy
Direct Banking Electronic and physical alternative delivery channels
City Banking Local operations in Bursa, Kayseri and Gaziantep Automatic fare collection in public transportation
Corporate Banking Specialized products and services Medium sized companies, small enterprises and municipalities
Regional Banking Banking know-how transfer to less developed markets Further expansion into Balkans, Eastern Europe, Arabian Peninsula and North Africa
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Credit Desicion System
Credit Desicion System
Pre Validation
Pre Validation
Credit BureauCredit Bureau ValidationValidation Final
AnalysisFinal
AnalysisCross CheckCross Check
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CustomerDatabase
Central Bank
Credit Bureau
Delivery Channels
City Card
Collection Offices
Ticket Machines
Merchants
Ticket Boots
Top up Points
Consumer Loans
Car Loans
Mortgages
Retail Banking - Retail Banking - Credit FactoryCredit Factory
Delivery Channels Products
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E-kent’s AFC Business Model
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Corporate Banking Strategies Corporate Banking Strategies
City Banking
Cash Management Services Receivables management Card collection systems Subscriber collection systems Salary payments
Trade Finance
Tailor made solutions to Group companies and other trade clients
Focus on facilitating trade between Turkey, Albania and Kosovo
Project and Corporate Finance
Advisory on energy efficiency, M&A, strategic partnerships, restructuring, regional development and industrial strategies
Project feasibility, business plan and investment evaluation
Liaison Office Services
Logistics support, sector and company information/analysis, business model and risk assessment, collateral valuation, loan monitoring
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March April May June August September October December
Approval for membership
to the common point for
debit/credit/ATM cards obtained
Acquisition of E-kent
Change of legal name
to Aktif Bank
Relocation to new Head
Quarters
Core banking module, being
developed in- house, in production
2nd branch opening in İstanbul
JCR assigns A- National Rating to Aktif Bank
AFC operations
start in Gaziantep
Call centre ready to
start operations
Equity injection of
USD 60 million
2008 2008 Event HighlightsEvent Highlights
Membership to Interbank Card Center
obtained
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Record Performance Since the Start of Re-StructuringRecord Performance Since the Start of Re-Structuring
At the end of
7 YearsAt the end of
21 MonthsChange
Loans (Cash and Non-Cash) 172,700 473,000 173.9%
Number of Customers 129 310 140.3%
Number of Loan Customers 63 127 101.6%
Non- Group 53 109 105.7%
Group 10 18 80.0%
Number of Customers with Existing Lines in Their Favour 100 220 120.0%
Non- Group 88 198 125.0%
Group 12 22 83.3%
Number of Employees 26 167 542.3%
Number of Branches (1) 1 2 100.0%
Number of Subsidiaries 1 3 200.0%
Number of Operations Transactions 10,650 31,000 191.1%
Foreign Trade 350 1,200 242.9%
Loans 2,400 5,400 125.0%
Local Money Transfers 7,900 24,400 208.9%
(1) As of March 2009, 3 branches are operational. Two more branches will be opened during the course of 2009.
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Aktif Bank OperationsUSDthousands
Total Assets 270,000
Shareholders’ Equity 107,000
Loans 200,000
Retail Loans 70,000
Corporate Loans 130,000
Net Income 3,300
Aktif Points 17,000
Number of Branches 5
Number of Employees 290
E-Kent Operations
Revenues USD 550 million
Number of Cities 12
Number of Transportation Cards 2,500,000
Number of City Cards 450,000
Number of Top-up Points and Ticket Boots
1,200
Market Share %18
Number of Employees 250
2009 Outlook2009 Outlook
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Our Vision is to become the “Local Global”Our Vision is to become the “Local Global”
CIS
Middle East
The Balkans
North Africa
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Interbank Card Center
International Chamber of Commerce
Credit Bureau of Turkey
Foreign Economic Relations Board
Institute of International Finance
Association of National Development Finance Institutions in Member Countries of The Islamic Development Bank
Banking Association for Central and Eastern Europe
International Association for Public Transport
MembershipsMemberships
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Organizational ChartOrganizational Chart
Board
CEO
Subsidiary Management
Corporate & Commercial
Credits
Treasury
Financial Institutions
Operation
Information Technology
Corporate & Commercial Marketing
Human Resources
Organization & Process
Management
Economist
Corporate & Commercial Marketing
Product Development &
CRM
Product Management
ADC
Sales
Financial Institutions Marketing
Structured Finance
Treasury
Treasury Marketing
Liquidity Management
Corporate & Comm.Credits
Credit Allocation
Financial Analysis &
Investigation
Corporate & Comm.Credits
Follow up & Monitoring
Retail Credits Allocation
Retail Credits Monitoring
Decision Support
Domestic Payments
Foreign Trade
ADC Operations
Banking Software
Development
DC Software Development &
R&D
System Development
Operation & Technical Support
Support Services
Treasury Operations
Financial Control
Process & Project
Management
Business Development
Business Development
Audit CommitteeCredit
Committee
Cash Management
Retail Credit Operations
Corporate Credit
Operations
Payments
Payroll & Compensation
Training
Recruitment & Planning
Group
Department
Unit
Internet Banking Back
Office
Merchant Operations
Call Center
Internal Audit
Internal Control
Risk Management
Corporate &Project Finance
Legal
Corporate Communicati
ons
Financial Affairs
Accounting
Financial Reporting
Retail
Insurance
Project Management
Office
Security
Data Management
Card Systems
Factoring Collections
Card Payment Systems
Operation
Card Operations
Field Operations
Management
Card Marketing
ATM&Kiosk Operations
Retail Credits
Retail Marketing
SME Banking
Card & Merchant Marketing
Payment Card Systems Product
Development & Project
Management
Payment Card Systems Project
Management System &
Product Development
Merchant Marketing
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Financial Institutions Team Financial Institutions Team
Özlem Özün Head of Financial Institutions Group
+ 90 212 340 8320 [email protected]
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Disclaimer:The contents of this document are provided here for informational purposes only and may not be up to date or fully state all the relevant facts, therefore no warranty, express or implied, is given as to the accuracy thereof and neither Aktif Bank nor any of its affiliates, administrators, directors, or employees shall be liable for any consequences which arise as a result of the use of, or reliance on, the contents and any associated material by you or any third party to whom you supply, copy, send or distribute the contents and any associated material including but not limited to loss of profit, loss of data and information, business, revenue, contracts, reputation or goodwill or any other expenses, costs and damages whether direct or indirect and whether reasonably foreseeable or not. This document is confidential and no portion of the contents herein may be copied, distributed, or reproduced in any form or by means without prior written consent of the Financial Institutions of Aktif Bank.