Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. — FY2022 Earnings Presentation
24 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2023
Slide 1: 2022 Earnings Presentation
2022 Earnings Presentation DISTINGUIS H ED PROFIT A BLE RESI L IENT RIS K CONSCIOUS RELIA B LE SUST A INABLE NATIO N WIDE MAR K ETMAKER BRSA Bank Only
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Slide 3: Asset Growth
2022 Earnings Presentation Strong FX liquid assets backed by FX swaps > FX LCR is at 553%, well above the regulatory limit of 80%. Asset Mix (%) Asset Growth Loans Securities Bank Placements CBRT Receivables Cash YoY 54.5% QoQ 14.0% Liq. Assets Other Assets Total Asset Growth (TRY billion) 56.7% 91.
Slide 4: CPI linkers' share within the portfolio raised to 40%
2022 Earnings Presentation CPI linkers' share within the portfolio raised to 40% and their valuation rate revised up to 64% Total Securities Portfolio (TRY billion) Securities Classification (TRY billion)(*) Total Securities / Total Assets (%) Fixed Rate (FX) Other Floating Rate CPI Linkers Fixed Ra
Slide 5: Total Loans, TRY Loans, FX Loans
2022 Earnings Presentation Strong loan growth is mostly driven by the selective segments: CGF Utilisation (TRY bn) Sep-22 Dec-22 Current loan amount 34.5 30.6 SME loans grew by 20.6% QoQ (TRY billion)(a) 57.7% Total Loans 14.0% HALKBANK B. Sector(b) YoY YoY 57.7% 54.7% 811.6 QoQ QoQ 711.9 14.0% 10.9
Slide 6: The share of SME segment within the total book reached a record high at 46%
2022 Earnings Presentation The share of SME segment within the total book reached a record high at 46% Loans by Currency (%)(a) Loans by Customer Segmentation (%)(a) Commercial 3% SME 7% FX SME 46% Commercial 2% 21.5% Corporate 37% Corporate 91% TRY 78.5% CGF 6% Cooperative 33%(b) Retail 14% Sectora
Slide 7: Improved NPL ratio along with strengthening coverage
2022 Earnings Presentation Improved NPL ratio along with strengthening coverage NPL Portfolio (TRY million) NPL Coverage (%) 19,014 18,594 79.5 81.5 17,073 18,332 74.5 73.6 16,297 72.9 2021 Mar-22 Jun-22 Sep-22 2022 2021 Mar-22 Jun-22 Sep-22 2022 Loans under Close Watch (TRY million) NPL/Total Loans
Slide 8: NPL ratio by segments
2022 Earnings Presentation NPL ratio by segments Halkbank NPL Sector NPL (*) Corporate - Commercial (%) Consumer Loans (%) 4.5 4.6 4.2 4.1 3.8 3.6 3.9 2.6 3.5 3.5 3.1 2.2 2.0 1.8 1.8 2.0 1.9 1.8 1.8 1.6 2021 Mar-22 Jun-22 Sep-22 2022 2021 Mar-22 Jun-22 Sep-22 2022 SME Loans (%) Credit Cards (%) 5.9
Slide 9: Precautionary provisioning continued at full speed and mirrored in Net CoR
2022 Earnings Presentation Precautionary provisioning continued at full speed and mirrored in Net CoR, up by 24 bps QoQ cumulatively Provisions and Reversals (TRY million) Net Cost of Risk (bps) (Cumulative) Total Specific Quarterly (TRY million) Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 487 510 315 S1 Provisio
Slide 10: Improving TRY LDR amid growing share of deposits
2022 Earnings Presentation Improving TRY LDR amid growing share of deposits Loan to Deposit (%) Composition of IBLs(a) Liabilities Mix (%) (b) Halkbank L/D Sector L/D 89.8% 87.0% 88.3% 87.8% 87.2% Deposits Marketable Funds Borrowed Securities Issued Interbank Money Market Shareholders’ Equity FX 49.
Slide 11: Expanding TRY deposit base
8 -6.36 3 2022 Earnings Presentation Expanding TRY deposit base HALKBANK B. Sector(b) YoY 34.7% 21.8% HALKBANK B. Sector(b) HALKBANK B. Sector(b) QoQ 15.5% -5.1% YoY 69.0% 67.4% YoY 117.8% 149.8% in USD YoY -2.4% -11.7% QoQ 17.1% 10.1% QoQ 18.6% 28.0% terms QoQ 14.2% -6.1% Total Deposits TRY Deposit
Slide 12: Decreasing cost of TRY deposits
2022 Earnings Presentation Decreasing cost of TRY deposits Demand Deposits (TRY billion)(a) Time Deposits (TRY billion)(a) Deposits by Currency (%)(b) Demand Deposits/Total Deposits (%) Time Deposits/Total Deposits (%) 25.0% 24.6% 24.5% 23.0% 23.1% 75.0% 75.4% 75.5% 77.0% 76.9% FX 47% 51.6% 68.3% 16
Slide 13: Cost – Yield – Spread
2022 Earnings Presentation Cost – Yield – Spread Blended Cost - Yield - Spread (%) Spreads (%) Yield on Loans Cost of Deposits(*) Spread TRY Core FX Core Blended Core 8.0 5.1 5.4 4.8 5.0 13.2 12.5 12.8 13.3 13.4 6.6 4.9 5.0 5.2 4.2 6.6 5.0 5.2 4.8 5.0 1.3 1.1 0.6 0.9 (6.6) (7.6) (7.5) (8.5) (8.4) -0
Slide 14: Headline NIM improved by 340 bps YoY in FY22, F&C income soared by 118%
2022 Earnings Presentation Headline NIM improved by 340 bps YoY in FY22, F&C income soared by 118% YoY on a quarterly basis Net Interest Income (TRY million) NIM (%) Interest Income Interest Expenses YtD Quarterly Swap adj. (QoQ) Swap adj. (YtD) 18% 11.9 9.6 9.7 4.8 5.8 23,363 23,428 4.1 7.0 7.4 19,
Slide 15: Strong operating revenue and RoE closed the year at a promising 22%
2022 Earnings Presentation Strong operating revenue and RoE closed the year at a promising 22% YoY Total Operating Revenues (TRY million)(a) Q4-22 Revenue Walk (TRY million) 76% 2,754 23,428 25,643 (722) 25,009 (1,682) (5,734) 14,602 5,849 13,703 10,050 (12,195) NII Net F&C Income Net Trading Income
Slide 16: Disciplined OPEX management, up by 14.3% QoQ
2022 Earnings Presentation Disciplined OPEX management, up by 14.3% QoQ Operating Expenses (TRY million) Operating Expenses / Average Assets (%) 91.2% 14.3% 1.97 5,734 1.72 5,016 1.46 1.38 1.48 3,781 3,186 2,998 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 Cost/Income (%) Breakdown of
Slide 17: Solvency Ratios
2022 Earnings Presentation Solvency Ratios CAR (%) Details on Capital Ratio Tier-I CAR Details on Capital Ratio Cons. Basel III Uncons. Basel III (TRY mn) Dec-22 Dec-22 17.6 Credit Risk Base Amount (CRBA) 797,901 775,847 14.5 14.7 14.3 14.7 Market Risk Base Amount (MRBA) 32,488 28,425 15.3 Operation
Slide 18: Total digital customers reached up to 5.5 million
2022 Earnings Presentation Total digital customers reached up to 5.5 million Active Digital Customers by Types (Million) # of Total Active Digital Customers(a) 22% 5.5 5.2 4.7 4.9 4.5 # of active digital banking customers increased 22% YoY and reached 5.5 million Dec-21 Mar-21 Jun-22 Sep-22 Dec-22 T
Slide 19: Branch Network – Human Resources
2022 Earnings Presentation Branch Network – Human Resources Loans and Deposits per Branch (TRY million) Breakdown of Banking Transactions (%) Loans/Branches Deposits/Branches 1,028.0 ATM 18% Automatic Call Center 6% 879.3 Payment 3% Internet Branch 3% 726.7 Banking 5% 659.4 614.8 764.8 680.0 Mobile
Slide 20: Annex
2022 Earnings Presentation Annex TRY Market Banking Halkbank Million Share (%) Sector Metrics(b) 2021 2022 Total Assets 1.392,140 9.7 Loan Growth (YoY, %) 37.0 54.7 Loans (a) 811,639 10.7 Deposit Growth (YoY, %)(c) 52.9 67.4 TRY Loans 637,499 12.5 LDR (%) 91.6 83.7 FC Loans 174,140 7.0 NPL (%) 3.2 2
Slide 21: Balance Sheet
2022 Earnings Presentation Balance Sheet In TRY million 2021 Sep-22 2022 QoQ (%) YoY (%) Cash and Balances Held with the Central Bank(a) 123,424 133,092 158,994 19.5 28.8 Banks & Money Market(b) 3,534 8,095 7,177 (11.3) 103.1 Securities(b) 223,301 335,373 374,181 11.6 67.6 Net Loans(b) 517,225 700,4
Slide 22: Income Statement
2022 Earnings Presentation Income Statement YoY QoQ YoY Change Change Change In TRY million 2021 2022 % Q4-21 Q1-22 Q2-22 Q3-22 Q4-22 % % Interest Income 88,778 153,974 73.4 35,417 26,422 31,619 47,196 48,737 3.3 37.6 On Loans 54,196 85,604 58.0 16,217 16,876 19,410 23,131 26,187 13.2 61.5 On Securi
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Slide 24: For further information please contact halkbank.IR@halkbank.com.tr
For further information please contact halkbank.IR@halkbank.com.tr DISCLAIMER The information contained in this presentation has been prepared by Türkiye Halk Bankası A.S. (the Bank) for informational purposes only. Although the information in this presentation has been obtained from sources which t
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