ICBC Turkey Bank AS (IST:ICBCT) Effective Interest Rate on Debt % : 18.86% (As of Mar. 2024)

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What is ICBC Turkey Bank AS Effective Interest Rate on Debt %?

Effective Interest Rate on Debt % is the usage rate that a borrower actually pays on a debt. It is calculated as the positive value of Interest Expense divided by its average total debt. Total debt equals to Long-Term Debt & Capital Lease Obligation plus Short-Term Debt & Capital Lease Obligation. ICBC Turkey Bank AS's annualized positive value of Interest Expense for the quarter that ended in Mar. 2024 was ₺8,886 Mil. ICBC Turkey Bank AS's average total debt for the quarter that ended in Mar. 2024 was ₺47,108 Mil. Therefore, ICBC Turkey Bank AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 was 18.86%.

ICBC Turkey Bank AS Effective Interest Rate on Debt % Historical Data

The historical data trend for ICBC Turkey Bank AS's Effective Interest Rate on Debt % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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ICBC Turkey Bank AS Effective Interest Rate on Debt % Chart

ICBC Turkey Bank AS Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Effective Interest Rate on Debt %

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15.11

8.36

5.54

8.24

14.43

ICBC Turkey Bank AS Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
Effective Interest Rate on Debt %	Get a 7-Day Free Trial															8.42	11.64	13.70	17.68	18.86

Competitive Comparison of ICBC Turkey Bank AS's Effective Interest Rate on Debt %

For the Banks - Regional subindustry, ICBC Turkey Bank AS's Effective Interest Rate on Debt %, along with its competitors' market caps and Effective Interest Rate on Debt % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

ICBC Turkey Bank AS's Effective Interest Rate on Debt % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, ICBC Turkey Bank AS's Effective Interest Rate on Debt % distribution charts can be found below:

* The bar in red indicates where ICBC Turkey Bank AS's Effective Interest Rate on Debt % falls into.

ICBC Turkey Bank AS Effective Interest Rate on Debt % Calculation

ICBC Turkey Bank AS's annualized Effective Interest Rate on Debt % for the fiscal year that ended in Dec. 2023 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (A: Dec. 2022 )	+	Total Debt (A: Dec. 2023 ))	/ count )
=	-1 * -5640.24	/	( (32158.653	+	46014.502)	/ 2 )
=	-1 * -5640.24	/	39086.5775
=	14.43 %

where

	Total Debt (A: Dec. 2022 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	32158.653	+	0
=	32158.653

	Total Debt (A: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46014.502	+	0
=	46014.502

ICBC Turkey Bank AS's annualized Effective Interest Rate on Debt % for the quarter that ended in Mar. 2024 is calculated as

	Effective Interest Rate on Debt %
=	-1 * Interest Expense	/	( (Total Debt (Q: Dec. 2023 )	+	Total Debt (Q: Mar. 2024 ))	/ count )
=	-1 * -8885.64	/	( (46014.502	+	48201.533)	/ 2 )
=	-1 * -8885.64	/	47108.0175
=	18.86 %

where

	Total Debt (Q: Dec. 2023 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	46014.502	+	0
=	46014.502

	Total Debt (Q: Mar. 2024 )
=	Long-Term Debt & Capital Lease Obligation	+	Short-Term Debt & Capital Lease Obligation
=	48201.533	+	0
=	48201.533

In the calculation of annual Effective Interest Rate on Debt %, the Interest Expense of the last fiscal year and the average total debt over the fiscal year are used. In calculating the quarterly data, the Interest Expense data used here is four times the quarterly (Mar. 2024) interest expense data. Effective Interest Rate on Debt % is displayed in the 30-year financial page.

ICBC Turkey Bank AS (IST:ICBCT) Effective Interest Rate on Debt % Explanation

Effective Interest Rate on Debt % measures the usage rate that a borrower actually pays on a debt.

ICBC Turkey Bank AS Effective Interest Rate on Debt % Related Terms

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ICBC Turkey Bank AS (IST:ICBCT) Business Description

Industry

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Address

Maslak Mah. Dereboyu/2 Cad. No:13, Sariyer - Istanbul, TUR, 34398

Website

https://www.icbc.com.tr

ICBC Turkey Bank AS is a bank engaged in corporate and retail banking activities. The operations of the company consist of corporate, commercial, and retail banking services, international transactions, and securities trading in capital markets, which are conducted mainly with local customers. The company has three segments, namely Retail Banking, which includes loans, deposits, and other transactions and balances with retail customers; Corporate Banking includes loans, deposits, and other transactions and balances with corporate and SME customers; and Treasury, Investment Banking, and others include funds management and treasury activities. It derives key revenue from the Corporate banking segment.

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