ICBC Turkey Bank AS (ICBCT) - Net Assets
Based on the latest financial reports, ICBC Turkey Bank AS (ICBCT) has net assets worth TL4.03 Billion TRY (≈ $90.21 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL98.01 Billion ≈ $2.20 Billion USD) and total liabilities (TL93.98 Billion ≈ $2.10 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check ICBCT financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | TL4.03 Billion |
| % of Total Assets | 4.11% |
| Annual Growth Rate | -29.61% |
| 5-Year Change | 241.72% |
| 10-Year Change | 705.31% |
| Growth Volatility | 106.76 |
ICBC Turkey Bank AS - Net Assets Trend (2001–2024)
This chart illustrates how ICBC Turkey Bank AS's net assets have evolved over time, based on quarterly financial data. Also explore how large is ICBC Turkey Bank AS's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for ICBC Turkey Bank AS (2001–2024)
The table below shows the annual net assets of ICBC Turkey Bank AS from 2001 to 2024. For live valuation and market cap data, see how much is ICBC Turkey Bank AS worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | TL4.84 Billion ≈ $108.51 Million |
-6.32% |
| 2023-12-31 | TL5.17 Billion ≈ $115.84 Million |
+64.86% |
| 2022-12-31 | TL3.14 Billion ≈ $70.27 Million |
+93.04% |
| 2021-12-31 | TL1.63 Billion ≈ $36.40 Million |
+14.63% |
| 2020-12-31 | TL1.42 Billion ≈ $31.76 Million |
+6.66% |
| 2019-12-31 | TL1.33 Billion ≈ $29.77 Million |
+14.50% |
| 2018-12-31 | TL1.16 Billion ≈ $26.00 Million |
+4.38% |
| 2017-12-31 | TL1.11 Billion ≈ $24.91 Million |
+83.24% |
| 2016-12-31 | TL607.01 Million ≈ $13.60 Million |
+0.89% |
| 2015-12-31 | TL601.63 Million ≈ $13.47 Million |
-2.98% |
| 2014-12-31 | TL620.14 Million ≈ $13.89 Million |
+2.62% |
| 2013-12-31 | TL604.31 Million ≈ $13.53 Million |
+3.82% |
| 2012-12-31 | TL582.10 Million ≈ $13.04 Million |
+12.42% |
| 2011-12-31 | TL517.79 Million ≈ $11.60 Million |
+4.28% |
| 2010-12-31 | TL496.54 Million ≈ $11.12 Million |
+7.29% |
| 2009-12-31 | TL462.81 Million ≈ $10.37 Million |
+3.40% |
| 2008-12-31 | TL447.58 Million ≈ $10.02 Million |
+15.80% |
| 2007-12-31 | TL386.52 Million ≈ $8.66 Million |
+14.08% |
| 2006-12-31 | TL338.82 Million ≈ $7.59 Million |
+71.71% |
| 2005-12-31 | TL197.31 Million ≈ $4.42 Million |
+25.97% |
| 2004-12-31 | TL156.64 Million ≈ $3.51 Million |
-100.00% |
| 2003-12-31 | TL110.70 Trillion ≈ $2.48 Trillion |
+16.90% |
| 2002-12-31 | TL94.70 Trillion ≈ $2.12 Trillion |
+506.96% |
| 2001-12-31 | TL15.60 Trillion ≈ $349.44 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to ICBC Turkey Bank AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 23577100000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | TL235.77 Million | 4.87% |
| Other Components | TL4.61 Billion | 95.13% |
| Total Equity | TL4.84 Billion | 100.00% |
ICBC Turkey Bank AS Competitors by Market Cap
The table below lists competitors of ICBC Turkey Bank AS ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NOCIL Limited
NSE:NOCIL
|
$324.00 Million |
|
Consorcio ARA S. A. B. de C. V.
MX:ARA
|
$324.07 Million |
|
Immuneering Corp
NASDAQ:IMRX
|
$324.14 Million |
|
MVB Financial Corp
NASDAQ:MVBF
|
$324.16 Million |
|
Kap Industrial Holdings Ltd
JSE:KAP
|
$323.85 Million |
|
ADTechnology Co.Ltd
KQ:200710
|
$323.80 Million |
|
ST George Mining Ltd
AU:SGQ
|
$323.44 Million |
|
Corem Property Group AB (publ)
ST:CORE-PREF
|
$323.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in ICBC Turkey Bank AS's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,172,007,000 to 4,844,962,000, a change of -327,045,000 (-6.3%).
- Net income of 21,514,000 contributed positively to equity growth.
- Other factors decreased equity by 348,559,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | TL21.51 Million | +0.44% |
| Other Changes | TL-348.56 Million | -7.19% |
| Total Change | TL- | -6.32% |
Book Value vs Market Value Analysis
This analysis compares ICBC Turkey Bank AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.99x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 26.01x to 2.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | TL0.65 | TL16.82 | x |
| 2018-12-31 | TL1.35 | TL16.82 | x |
| 2019-12-31 | TL1.55 | TL16.82 | x |
| 2020-12-31 | TL1.65 | TL16.82 | x |
| 2021-12-31 | TL1.89 | TL16.82 | x |
| 2022-12-31 | TL3.65 | TL16.82 | x |
| 2023-12-31 | TL6.01 | TL16.82 | x |
| 2024-12-31 | TL5.63 | TL16.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently ICBC Turkey Bank AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.32%
- • Asset Turnover: 0.02x
- • Equity Multiplier: 20.84x
- Recent ROE (0.44%) is below the historical average (10.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 62.85% | 24.90% | 0.22x | 11.55x | TL50.05 Trillion |
| 2003 | 24.24% | 14.68% | 0.15x | 10.71x | TL15.76 Trillion |
| 2004 | 4.15% | 3.74% | 0.12x | 9.23x | TL-9.17 Million |
| 2005 | 5.26% | 5.41% | 0.09x | 10.26x | TL-9.35 Million |
| 2006 | 4.84% | 5.50% | 0.11x | 8.36x | TL-17.47 Million |
| 2007 | 11.29% | 10.53% | 0.14x | 7.74x | TL4.99 Million |
| 2008 | 0.93% | 0.90% | 0.16x | 6.61x | TL-40.59 Million |
| 2009 | 3.49% | 6.07% | 0.12x | 4.62x | TL-30.12 Million |
| 2010 | 4.04% | 10.21% | 0.08x | 5.18x | TL-29.61 Million |
| 2011 | 4.76% | 9.02% | 0.08x | 6.77x | TL-27.15 Million |
| 2012 | 5.02% | 7.63% | 0.10x | 6.30x | TL-28.99 Million |
| 2013 | 7.50% | 9.72% | 0.12x | 6.38x | TL-15.11 Million |
| 2014 | 2.06% | 3.45% | 0.10x | 5.91x | TL-49.25 Million |
| 2015 | 0.04% | 0.12% | 0.03x | 11.04x | TL-59.95 Million |
| 2016 | 3.09% | 7.38% | 0.03x | 13.69x | TL-41.95 Million |
| 2017 | 4.34% | 12.35% | 0.03x | 11.97x | TL-62.95 Million |
| 2018 | 7.20% | 14.11% | 0.04x | 13.65x | TL-32.55 Million |
| 2019 | 5.38% | 11.64% | 0.03x | 13.84x | TL-61.42 Million |
| 2020 | 6.41% | 10.51% | 0.03x | 17.76x | TL-50.85 Million |
| 2021 | 11.52% | 12.53% | 0.04x | 24.23x | TL24.67 Million |
| 2022 | 44.65% | 46.53% | 0.05x | 19.75x | TL1.09 Billion |
| 2023 | 28.50% | 31.53% | 0.05x | 19.45x | TL956.83 Million |
| 2024 | 0.44% | 1.32% | 0.02x | 20.84x | TL-462.98 Million |
Industry Comparison
This section compares ICBC Turkey Bank AS's net assets metrics with peer companies in the Banks - Regional industry.
Industry Context
- Industry: Banks - Regional
- Average net assets among peers: $688,854,817,608,889
- Average return on equity (ROE) among peers: 13.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| ICBC Turkey Bank AS (ICBCT) | TL4.03 Billion | 62.85% | 23.33x | $323.98 Million |
| Akbank TAS (AKBNK) | $6199.56 Trillion | 14.82% | 4.71x | $8.53 Billion |
| Albaraka Turk Katilim Bankasi AS (ALBRK) | $3.55 Billion | 4.45% | 10.89x | $470.91 Million |
| Turkiye Garanti Bankasi A.S. (GARAN) | $7.25 Billion | 33.47% | 9.39x | $12.59 Billion |
| Turkiye Halk Bankasi (HALKB) | $21.37 Billion | 11.86% | 10.12x | $6.09 Billion |
| Turkiye Is Bankasi AS Class C (ISCTR) | $8.63 Billion | 8.62% | 4.12x | $8.03 Billion |
| Turkiye Kalkinma Bankasi AS (KLNMA) | $2.36 Billion | 18.97% | 7.22x | $2.13 Billion |
| Qnb Finansbank AS (QNBTR) | $19.24 Billion | 14.31% | 11.21x | $30.43 Billion |
| Haci Omer Sabanci Holding AS (SAHOL) | $66.48 Billion | 5.69% | 5.11x | $4.43 Billion |
| Sekerbank TAS (SKBNK) | $1.48 Billion | 13.67% | 8.98x | $687.04 Million |
About ICBC Turkey Bank AS
ICBC Turkey Bank A.S., together with its subsidiaries, provides various banking products and services in Turkey. The company's corporate and commercial banking products include spot, rotating, discount-purchase, foreign currency indexed, and equal installment loans; Eximbank loans; foreign credits, such as working capital, export credit agencies, and pre-export financing loans; and non-cash loans… Read more