Head-Module Title: Participation Bank in Turkey
I.Evaluation of Sectoral Quantitative Data in Turkey(Depozits and Credits)
Turkish Currency Funds
Participation banks showed a quite better performance as of the end of 2012 compared to 2007 in funds of Turkish currency. As of the end of 2012, deposits of Turkish currency reached to approximately 29 billion Turkish Lira after an increase of 265 %. Among participation banks, Bank Asya has the biggest fund of Turkish currency. But highest average grown rate owner is Kuveyt Turk. The second high performance belongs to the Albaraka Türk.
Table-4: Collected Turkish Currency Funds in Participation Banks, 2007-2012 (1000TL)
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
TOTAL SUM
Average 2007-2012
3.586.632
6.143.803
3.819.808
4.980.901
18.531.143
2012
5.535.572
9.241.391
6.768.530
7.444.772
28.990.265
2011
4.797.751
7.813.463
5.215.357
6.233.354
24.059.925
2010
4.358.934
7.662.288
4.496.126
5.712.662
22.230.010
2009
3.290.809
5.979.825
2.987.415
4.660.035
16.918.084
2008
2.029.617
3.603.487
2.111.414
3.300.252
11.044.770
2007
1.507.109
2.562.363
1.340.003
2.534.330
7.943.805
Table-4/b: Increase Rate from Previous Year at Collected Turkish Currency Funds in Participation Banks, 2007-2012 (1000TL)
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
Increase Rate From Prev.Year Total Sum
Average 2007-2012
36%
35%
41%
28%
34%
2012
15%
18%
30%
19%
20%
2011
10%
2%
16%
9%
8%
2010
32%
28%
51%
23%
31%
2009
62%
66%
41%
41%
53%
2008
35%
41%
58%
30%
39%
2007
60%
56%
48%
44%
51%
Source: Collected from data provided by (BAT, The Bank Association of Turkey, 2011) (BAT, The Bank Association of Turkey, 2012-13) (PBAT, The Participation Banks Association of Turkey, 2012-13).
Foreign Currency Funds, 2007-2012
Table- 5/a: Foreign Currency Funds, 2007-2012 (1.000TL)
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
TOTAL SUM
Average 2007-2012
2.513.238
3.686.636
3.248.656
2.660.856
12.109.385
2012
3.689.446
6.500.467
5.986.513
3.984.764
20.161.190
2011
3.246.996
4.583.580
4.702.970
3.275.811
15.809.357
2010
2.522.656
3.504.294
2.885.347
2.685.234
11.597.531
2009
2.173.836
3.156.753
2.370.842
2.222.455
9.923.886
2008
1.955.493
2.239.334
1.957.958
2.012.296
8.165.081
2007
1.490.999
2.135.387
1.588.305
1.784.575
6.999.266
Table-5/b: Increase Rate from Previous Year at Foreign Currency Funds, 2007-2012 (1.000TL)
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
Increase Rate From Prev.Year Total Sum
Average 2007-2012
21%
28%
28%
15%
23%
2012
14%
42%
27%
22%
28%
2011
29%
31%
63%
22%
36%
2010
16%
11%
22%
21%
17%
2009
11%
41%
21%
10%
22%
2008
31%
5%
23%
13%
17%
2007
23%
37%
9%
2%
17%
Source: Collected from data provided by (BAT, The Bank Association of Turkey, 2011) (BAT, The Bank Association of Turkey, 2012-13) (PBAT, The Participation Banks Association of Turkey, 2012-13).
The case in foreign currency funds is some different. Among participation banks, Bank Asya has the biggest fund and the highest increase of performance of foreign currency in 2012. Kuveyt Türk and Bank Asya have the highest average growing rate in the foreign funds. The second participant bank is Kuveyt Türk. As of the end of 2012, Foreign currency deposits of participation banks reached to approximately 20 billion Turkish Liras after an increase of 188 % compared to the end of 2007.
Total Funds Collected, 2007-2012
Bank Asya is the leading participation bank with an amount of 15.7 billion Turkish Lira; In terms of total funds collected as the end of 2012. Kuveyt Türk, Türkiye Finans and Albaraka Türk follow Bank Asya respectively. As of the end of 2012, total funds collected by participation banks reached to approximately 49 billion Turkish Lira, after an increase of 229 % compared to the end of 2007. Figures of deposit banks and participation banks are shown below which facilitates to make a comparative analysis between them.
Table-6: Total Funds Collected, 2007-2012 (1000TL)
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
TOTAL SUM
Average 2007-2012
6.099.870
9.830.439
7.068.463
7.641.757
30.640.528
2012
9.225.018
15.741.858
12.755.043
11.429.536
49.151.455
2011
8.044.747
12.397.043
9.918.327
9.509.165
39.869.282
2010
6.881.590
11.166.582
7.381.473
8.397.896
33.827.541
2009
5.464.645
9.136.578
5.358.257
6.882.490
26.841.970
2008
3.985.110
5.842.821
4.069.372
5.312.548
19.209.851
2007
2.998.108
4.697.750
2.928.308
4.318.905
14.943.071
Table-6/b: Increase Rate from Previous Year at Total Funds Collected, 2007-2011 (1000TL)
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
Increase Rate From Prev.Year Total Sum
Average 2007-2012
28%
31%
33%
22%
28%
2012
15%
27%
29%
20%
23%
2011
17%
11%
34%
13%
18%
2010
26%
22%
38%
22%
26%
2009
37%
56%
32%
30%
40%
2008
33%
24%
39%
23%
29%
2007
39%
47%
24%
23%
33%
Source: Collected from data provided by (BAT, The Bank Association of Turkey, 2011) (BAT, The Bank Association of Turkey, 2012-13) (PBAT, The Participation Banks Association of Turkey, 2012-13).
Among participation banks, Kuveyt Türk has the highest increase rate for total funds in 2012, 2011 and 2010. The second bank is Bank Asya in the same 2012. Kuveyt Türk also has the highest average growing rate in the foreign funds with Bank Asya. The second participant bank is Bank Asya in the average rates.
Table-7: Fund Distribution of Participation and Deposit Banks, 2007-2012 (Million TL)
2007
2008
2009
2010
2011
2012
2007-2012 Inc. Rate
Deposit Banks
356.984
453.485
507.258
614.681
656.276
708.079
%98
Participation Banks
14.943
19.210
26.842
33.828
39.869
49.151
%229
Deposit+Participation B.
371.927
472.695
534.100
648.509
696.145
757.230
%104
Source: Collected from data provided by (BAT, The Bank Association of Turkey, 2011) (BAT, The Bank Association of Turkey, 2012-13) (PBAT, The Participation Banks Association of Turkey, 2012-13).
Table-8: Total Deposits in Deposit Banks, 2007-2012 (Million TL)
Year
2007
2008
2009
2010
2011
2012*
Total 1000TL
356.983.744
453.484.686
507.258.479
614.680.785
656.276.000
708.079.178
Inc. Rate
27
12
21
7
8
When figures are compared as of the end of 2007 and 2011, it is seen that participation banks have two times bigger percentage of increase than deposit banks on the percentage basis in terms of rate of increase. Participation banks taken into account, total fund + deposit in Turkey reaches 696 billion TL as of the end of 2011.
Funds Utilized, 2007-2012
Increase rate of loan-fund utilization from the end of 2007 to the end of 2012 of participation banks higher than deposit bank’s rate. They are 226% and 166** % respectively.
Bank Asya is the leading participation bank with an amount of 16.1 billion Turkish Lira; In terms of funds utilized as the end of 2012. Türkiye Finans, Kuveyt Türk and Albaraka Türk follow Bank Asya respectively. It is seen that Bank Asya has the highest average increase rate for last six years. The second performance is belong to Kuveyt Türk.
Table-9/a: Funds Utilized by Participation Banks 2007-2012 (1000TL)
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
TOTAL SUM
Average 2007-2012
5.644.337
9.871.255
6.916.123
8.092.604
30.524.319
2012
9.075.183
16.085.168
11.848.419
12.971.058
49.979.828
2011
7.273.906
13.141.380
10.360.917
10.327.232
41.103.435
2010
6.269.485
10.916.732
6.984.989
7.913.437
32.084.643
2009
4.675.617
8.221.427
4.904.932
7.109.233
24.911.209
2008
3.716.977
6.253.160
4.237.341
5.526.380
19.733.858
2007
2.854.852
4.609.665
3.160.138
4.708.285
15.332.940
Table-9/b: Increase Rate From Previous Year at Funds Utilized by Participation Banks 2007-2012
END OF YEAR
ALBARAKA TÜRK
BANK ASYA
KUVEYT TÜRK
TÜRKİYE FİNANS
Increase Rate From Prev.Year Total Sum
Average 2007-2012
28%
37%
36%
23%
26%
2012
16%
48%
28%
0%
0%
2011
16%
20%
48%
31%
28%
2010
34%
33%
42%
11%
29%
2009
26%
31%
16%
29%
26%
2008
30%
36%
34%
17%
29%
2007
44%
51%
47%
49%
46%
Source: Collected from data provided by (BAT, The Bank Association of Turkey, 2011) (BAT, The Bank Association of Turkey, 2012-2013) (PBAT, The Participation Banks Association of Turkey, 2012-2013).
