Turkey: TSKB to release 4Q12 results, net earnings expected as TRY75mn

We estimate 4Q12 net earnings as TRY75mn, indicating 13% q/q and 4% y/y growth. The Bloomberg consensus estimate stands at TRY73.5mn. We expect to see 3.5% q/q loan growth in USD terms and its NIM to be 4.6% in 4Q12, up from 4.4% in 3Q12. Based on our 4Q12 estimates, we estimate an...

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Turkey: TSKB to release 4Q12 results, net earnings expected as TRY75mn



Erste - 12.02.2013

We estimate 4Q12 net earnings as TRY75mn, indicating 13% q/q and 4% y/y growth. The Bloomberg consensus estimate stands at TRY73.5mn. We expect to see 3.5% q/q loan growth in USD terms and its NIM to be 4.6% in 4Q12, up from 4.4% in 3Q12. Based on our 4Q12 estimates, we estimate an 18% ROE vs. 17% in 3Q12. Our 2012 net earnings figure stands at TRY315mn, indicating 23% y/y growth.
Source: bne


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