Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
Presentation (correction slide 18) - Dexia.com
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Cost efficiency, prudent Risk Management and asset<br />
quality at the heart of DenizBank success<br />
OPEX per FTE (TRY k)<br />
Deniz<br />
Sector<br />
Peers 1<br />
Deniz operating expenses per FTE 15% below<br />
sector average in 2009<br />
Cost per employee beating inflation with 5.7%<br />
CAGR over 06-09 vs. 8.3% for inflation<br />
NPL ratio (adjusted 2 , %)<br />
Deniz<br />
Sector<br />
Despite stronger loan growth, NPL beating the<br />
market by 0.7 pts in 2009, thanks to balanced<br />
exposure and prudent risk management<br />
Cost of risk back to 2008 level in 1H10 at 1.8%<br />
Peers 1 Limited securities exposure of DenizBank (13%<br />
Deniz cost<br />
of risk (%)<br />
Share of Securities in total assets (%)<br />
Sector<br />
Deniz<br />
Peers 1<br />
of total assets in 2009 vs. 32% for market<br />
average)<br />
Profitability of DenizBank mainly driven by its<br />
business franchise<br />
139<br />
Note: (1) Peer group consists of tier 1 and tier 2 private banks<br />
(2) NPL adjusted with write-offs and sales<br />
Source: BRSA
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