Classification of Securities in the Banking Sector and Income/Risks Arisen from Securities as of 2022

Fikret Kartal

Makale detayları

Classification of Securities in the Banking Sector and Income/Risks Arisen from Securities as of 2022

Yazarlar:

Fikret Kartal

Yayıncı:

Ankara Hacı Bayram Veli University

Dergi:

Bankacılık ve Finansal Araştırmalar Dergisi Vol.10 Issue 1, pp.53-68

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001282490

pISSN:

2148-4090

Anahtar kelimeler:

Özet:

 Banking sectors assets consist of mainly loans and securities which directly affects the financial performance and results. As of 2022, Turkish banking sector has unusual interest rate risk driven by the ongoing monetary policy and high negative real interest rates. In the first 9 months of 2022, the banking sectors profitability has increased significantly and therefore determinants of profitability and its sustainability are being discussed. In this study, classification and valuation of marketable securities are explained and the effects of securities on balance sheet and PL are showed for the period from 2018 to September 2022. The results indicate that marketable securities have provided huge interest income in 2022 due to CPI-Indexed bonds as well as huge gains related to changes in fair market value of securities reported under equity. According to the results, if the positive valuation difference of 198 billion TL arisen from Turkish Lira denominated marketable securities as of September 2022 was lost due to a possible increase in interest rates, there would be a decrease in equity by 16,7 percent, regulatory capital by 13 percent, capital adequacy ratio by 2,4 percentage point, risk taking capacity by 15 percent.

 Banking sectors assets consist of mainly loans and securities which directly affects the financial performance and results. As of 2022, Turkish banking sector has unusual interest rate risk driven by the ongoing monetary policy and high negative real interest rates. In the first 9 months of 2022, the banking sectors profitability has increased significantly and therefore determinants of profitability and its sustainability are being discussed. In this study, classification and valuation of marketable securities are explained and the effects of securities on balance sheet and PL are showed for the period from 2018 to September 2022. The results indicate that marketable securities have provided huge interest income in 2022 due to CPI-Indexed bonds as well as huge gains related to changes in fair market value of securities reported under equity. According to the results, if the positive valuation difference of 198 billion TL arisen from Turkish Lira denominated marketable securities as of September 2022 was lost due to a possible increase in interest rates, there would be a decrease in equity by 16,7 percent, regulatory capital by 13 percent, capital adequacy ratio by 2,4 percentage point, risk taking capacity by 15 percent.

 Banking sectors assets consist of mainly loans and securities which directly affects the financial performance and results. As of 2022, Turkish banking sector has unusual interest rate risk driven by the ongoing monetary policy and high negative real interest rates. In the first 9 months of 2022, the banking sectors profitability has increased significantly and therefore determinants of profitability and its sustainability are being discussed. In this study, classification and valuation of marketable securities are explained and the effects of securities on balance sheet and PL are showed for the period from 2018 to September 2022. The results indicate that marketable securities have provided huge interest income in 2022 due to CPI-Indexed bonds as well as huge gains related to changes in fair market value of securities reported under equity. According to the results, if the positive valuation difference of 198 billion TL arisen from Turkish Lira denominated marketable securities as of September 2022 was lost due to a possible increase in interest rates, there would be a decrease in equity by 16,7 percent, regulatory capital by 13 percent, capital adequacy ratio by 2,4 percentage point, risk taking capacity by 15 percent.

 Bankacılık sektörü aktiflerinin önemli bir bölümü, bankaların performansını ve faaliyet sonuçlarını doğrudan etkileyen krediler ve menkul değerlerden oluşmaktadır. 2022 yılı itibarıyla, izlenen para politikası ve yüksek negatif reel faizlerden kaynaklanan nedenlerle bankacılık sektörü yüksek düzeyde faiz oranı riski taşımaktadır. 2022 yılında sektörün nominal kârlılığının belirgin şekilde artması, kârlılığın bileşenlerini ve sürdürülebilirliğini tartışmaya açmıştır. Bu çalışmada, bankaların portföylerinde bulunan menkul değerlerin sınıflandırılması ve değerlemesi açıklanarak, 2018-Eylül 2022 dönemi için bilanço ve kârzarar tablosu üzerinde menkul değerlerin yarattığı etki analiz edilmektedir. 2022 yılında TÜFE endeksli tahvillerin yüksek faiz geliri sunduğu, ayrıca özkaynaklar altında izlenen menkul değerlere konu pozitif değerleme farklarının yüksek tutarlara ulaştığı görülmektedir. Çalışmanın sonuçlarına göre, Eylül 2022 itibarıyla TL menkul değerlere ait 198 milyar TLlik pozitif değerleme farkının muhtemel bir faiz oranı artışı ile sıfırlanması hâlinde, özkaynaklar 16,9, yasal özkaynaklar 13, sermaye yeterliliği rasyosu 2,4 puan ve sektörün risk alma kapasitesi 15 azalmaktadır.

Makale detayları

Classification of Securities in the Banking Sector and Income/Risks Arisen from Securities as of 2022

Yazarlar:

Fikret Kartal

Yayıncı:

Ankara Hacı Bayram Veli University

Dergi:

Bankacılık ve Finansal Araştırmalar Dergisi Vol.10 Issue 1, pp.53-68

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001282490

pISSN:

2148-4090

Banking Sector

Marketable Securities

Profitability

Interest Rate Risk

Bankacılık sektörü

Menkul Değerler

Kârlılık

Faiz Oranı Riski

Bankacılık sektörü

Menkul Değerler

Kârlılık

Faiz Oranı Riski

Sayı

Makale detayları

Yazarlar: Fikret Kartal

Yayıncı: Ankara Hacı Bayram Veli University

Dergi: Bankacılık ve Finansal Araştırmalar Dergisi Vol.10 Issue 1, pp.53-68

Belge Tipi: Makale

Yayın Tarihi: 1/2023

Belge Dili: Türkçe

Document ID (Org No.): 2001282490

pISSN: 2148-4090

Sayı

Yazarlar:

Fikret Kartal

Yayıncı:

Ankara Hacı Bayram Veli University

Dergi:

Bankacılık ve Finansal Araştırmalar Dergisi Vol.10 Issue 1, pp.53-68

Belge Tipi:

Makale

Yayın Tarihi:

1/2023

Belge Dili:

Türkçe

Document ID (Org No.):

2001282490

pISSN:

2148-4090