Turkiye Is Bankasi AS’s capital adequacy ratio may fall between 50 basis points and 60 basis points as Turkey’s banking industry switched to Basel II, Bloomberg HT television reported today, citing bank’s chief executive Adnan Bali.
Isbank’s capital adequacy ratio was 14.2 percent at the end of June, compared with 14.1 percent at the end of 2011, according to earnings statements the bank sent to the Istanbul Stock Exchange yesterday.
An increase in non-performing loans in the Turkish banking industry is “not a surprise” and “can be managed without causing any losses,” Bali said, according to the Istanbul-based news channel.
Isbank rose 0.8 percent to 5.24 liras at 10:23 a.m. in Istanbul. The main market index gained 0.3 percent.