Sekerbank T.a.s. · BIST:SKBNK
Sekerbank T.a.s — FY2023 Earnings Presentation
18 slides from Sekerbank T.a.s's earnings presentation, Dec 31, 2023
Slide 1: Consolidated Financial Results as of December 31, 2023
Consolidated Financial Results as of December 31, 2023 0 Turkiye’s Social and Environmental Bank
Slide 2: Overview
Overview Shareholder Structure Key Strenghts 34.40% 6.59% Şekerbank T.A.Ş. Voluntary Şekerbank T.A.Ş. Personnel 70 years of experience in Community Banking Pension Fund (The Pension Fund) Social Security Foundation and its subsidiaries ➢ Deep-rooted branch network, strong geographical coverage 12.06
Slide 3: Positioning in the Sector
Positioning in the Sector 1 2 Widespread Deposit Structure 3 Well-covered portfolio with Deep Expertise in SME Share of Savings Deposits covered NPL provisions and Agricultural Banking by SDIF Insurance guarantee2 NPL Provision Coverage Ratio1 SME Loans to Total Loans1 40.1% 38.2% 94.3% 34.8% 32.8%
Slide 4: Highlights
Highlights Five years of consecutive outperformance via the “Transformation Program” Total Total Assets Total Loans Deposits Tier-2 Renewal: May 4, 2022 TL 91 bn TL 45 bn The amendment process of the T&C of the Tier-2 bond in the amount of USD TL 54 bn 85 million, was successfully completed (Final M
Slide 5: TL dominated loan growth focused on SME & Agriculture
TL dominated loan growth focused on SME & Agriculture ➢ Şekerbank adopted a diversified, widespread and TL dominated growth strategy over the past three years ➢ The bank’s SME&Agro loan portfolio has grown healthily thanks to the bank’s advanced loan underwriting and monitoring system established wi
Slide 6: Significant improvement in asset quality
Significant improvement in asset quality ➢ Healthy growth through end to end loan underwriting and monitoring systems ➢ High collection performance thanks to the collateralized loan portfolio ➢ Bolstering provision coverage to make the loan portfolio’s quality even more resilient NPL Ratio Developme
Slide 7: Proactively managed securities portfolio against volatility
Proactively managed securities portfolio against volatility Composition by Classification1 Currency Distribution1 TL and FX Securities by Type1 TL Securities FX Securities Financial Assets at Financial Assets at TL Securities 59.8% $191 Mn Fair Value Through Fair Value Through 8.6 TL BN Comprehensiv
Slide 8: Solid, broad-based and liquid funding structure
Solid, broad-based and liquid funding structure ➢ Broad-based and sticky deposit base for both TL and FX deposits, where 69% of customer deposits is composed of retail segment deposits thanks to the widespread branch network throughout the country. Total deposits1 The portion of broad-based savings
Slide 9: 100% ESG related foreign borrowings structure
100% ESG related foreign borrowings structure ~1.5 USD billion Total funding obtained since 2007 from 15 different IFI/DFIs ▪ DFC, EBRD, FMO, TSKB & IBRD and MEF & Incofin ▪ The Bank has longstanding relationships with DFIs thanks to its sustainable banking know-how, which also reflects on its diver
Slide 10: Sustainable profitability
Sustainable profitability ➢ The Bank’s profitability figures have been improving steadily in line with the significantly higher NIM levels than the sector average mainly based on surpassing funding costs and effective OPEX management. Net Profit Net Interest Income Net Fees and Commissions Income Fr
Slide 11: Capital Adequacy Ratios
Capital Adequacy Ratios ➢ The Bank’s robust capital adequacy ratios underscore the success of diversified and TL denominated loan growth strategy and also the result of internal capital generation through strong profitability Capital Adequacy Ratio Development1 Shareholders’ Equity Development1 Capi
Slide 12: Appendix
Appendix Sekerbank S
Slide 13: Summary Balance Sheet
Summary Balance Sheet Consolidated (000) 2021 2022 2023 YoY Change Cash and Cash Equivalents 11,806,306 12,208,937 20,178,690 65.3% Cash and Balances with Central Bank 10,218,628 10,632,470 12,021,292 13.1% Securities 6,149,888 12,190,861 12,838,308 5.3% Loans 31,218,432 36,399,726 43,280,817 18.9%
Slide 14: Summary Income Statement
Summary Income Statement Consolidated (000) 2021 2022 2023 YoY Change Interest Income 5,141,184 9,070,909 12,619,520 39.1% Interest On Loans 4,224,313 5,871,963 7,351,019 25.2% Interest Expense (-) 3,073,497 4,266,459 6,490,286 52.1% Interest On Deposits 2,326,101 2,578,498 4,161,677 61.4% Net Inter
Slide 15: Enhancing sustainable development banking competencies
Enhancing sustainable development banking competencies Bank only financial figures, as of December 2023 Şekerbank set strategic targets under four groups of banking activities, in which the bank has had many pioneering achievements directed at a more impactful and purpose- based business strategy. S
Slide 16: Indexes, Initiatives and Sustainability Ratings
Indexes, Initiatives and Sustainability Ratings Sustainability Rating Sustainability Indexes Initiatives Organizations Reporting Borsa Istanbul United Nations Global Women’s Empowerment Carbon Disclosure London Stock Exchange Value Reporting Integrated Reporting Sustainability Index Compact-UNGC Pri
Slide 17: Contact Details
Contact Details Sekerbank T.A.Ş. Fatma Nur Çetinel Executive Vice President Treasury and Financial Institutions Financial Institutions & Investor Relations Oya Sarı Head of Financial Institutions, Sustainability and Investor Relations Tel: +90 212 319 71 58 oya.sari@sekerbank.com.tr Ayben Akyürük In
Slide 18: Legal Notice For Investors
Legal Notice For Investors Legal Notice The information in this document has been obtained by Sekerbank T.A.Ş. (“Sekerbank”) from sources believed to be reliable. However, Sekerbank cannot guarantee the accuracy, completeness or correctness of such information. This document has been issued for info