Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. (Halkbank) — H1 2008 Earnings Presentation
23 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2008
Slide 1: H1 2008 Earnings Presentation BRSA Bank Only
H1 2008 Earnings Presentation BRSA Bank Only
Slide 2: Halkbank in Numbers
H1-08 Earnings Presentation Halkbank in Numbers 70 years 590 branches 11,556 employees 70 years experience in Halkbank is one of the four banks Halkbank has 11,556 employees Cooperative and SME loans that have at least one branch in with high level of professional and a wide customer database every
Slide 3: Highlights
H1-08 Earnings Presentation Highlights In H1 2008, Halkbank achieved a strong growth that once again surpassed the sectoral averages. TRY 46.0 billion 25% 19.7% Total assets increased by With a rise of 25% ytd, Halkbank’s total deposits rose 14.4% in H1 2008 and reached Halkbank’s loan portfolio by
Slide 4: Halkbank: A Bank of Choice
H1-08 Earnings Presentation Halkbank: A Bank of Choice Loans Deposits #1 in 30 provinces #1 in 30 provinces #2 in 16 provinces #2 in 23 provinces #3 in 16 provinces #3 in 17 provinces not ranked in the first three not ranked in the first three Halkbank ranks as number one in terms of loan volume and
Slide 5: Changing Asset Mix
H1-08 Earnings Presentation Changing Asset Mix ASSET GROWTH IEA Asset Mix (%) YTD 14.4% YoY 24.8% 93.7% Loans Securities Other Assets Total Asset Growth (TRY billion) Composition of IEAs (a) 24.8% 14.4% 40.0% 45.0% 46.5% 49.2% 44.5 46.0 94.1% 93.2% 94.0% 93.7% 40.2 36.9 FX 15.9% 18.3% 21.8% 20.2% 48
Slide 6: Securities Portfolio
H1-08 Earnings Presentation Securities Portfolio Total Securities Portfolio Total Securities by Currency (a) (b) Total Securities Composition (TRY billion) (%) (H1 07) 42% AFS 17.9 17.8 17.6 15.9 3% Trading FX 20% 20% 22% 21% 55% HTM Total Securities Composition (H1 08) TRY 80% 80% 78% 79% 57% AFS 3
Slide 7: Securities Portfolio - Interest Structure
H1-08 Earnings Presentation Securities Portfolio (a)-Interest Structure Total Securities Portfolio (%) TRY Securities Portfolio (%) FX Securities Portfolio (%) 8 13 18 19 16 22 29 29 48 56 66 63 92 87 82 81 52 44 34 37 FRNs FRNs FRNs FRNs FRNs FRNs FRNs FRNs 84 78 71 71 H1-07 2007 Q1-08 H1-08 H1-07
Slide 8: Strong Loan Portfolio Growth
H1-08 Earnings Presentation Strong Loan Portfolio Growth (a) (TRY billion) 24.4% HALKBANK 22.1 YTD Change (%) 20.3 24.4% 1.0 Fund Loans 1.0 up by 2.7% 17.8 2.9 Cooperative Loans SECTOR 1.0 2.9 up by 13.1% 14.5 20.2% (b) 2.6 5.0 1.0 4.6 Retail Loans up by 21.1% 2.6 4.1 3.0 Commercial Loans up by 31.0
Slide 9: Loans by Currency & Non-cash Loans
H1-08 Earnings Presentation Loans by Currency & Non-cash Loans Loans by Currency (a) (TRY million) Non-cash Loans (b) (TRY million) TRY LOANS 8,284 TRY loans increased by 18.7% 7,765 ytd and reached TRY 17.5 2,345 3,015 4,183 4,591 6,876 billion. FX FX FX FX 20.7% 5,723 FX LOANS FX loans increased b
Slide 10: Loan Portfolio
H1-08 Earnings Presentation Loan Portfolio Loan to Deposit (%) Composition of Loans (%) (H1 07) Composition of Loans (%) (H1 08) 61.4 Funds 7% 58.8 58.6 Cooperatives Funds 5% 18% 51.0 Cooperatives 13% Retail 21% Commercial Retail 23% Commercial 54% 59% 61.4% 22.5% Loan to deposit ratio provides Shar
Slide 11: Strong Retail Loan Growth
H1-08 Earnings Presentation Strong Retail Loan Growth (a) (TRY million) 21.1% HALKBANK 4,986 4,615 21.1% 4,118 YTD Change (%) SECTOR 2,522 Consumer Loans up by 19.9% 2,308 16.6% (b) 2,993 Share in total 50.6% 2,104 1,540 1,927 2,049 Housing Loans up by 21.9% 1,680 Share in total 41.1% 1,155 241 274
Slide 12: Strong Deposit Base
H1-08 Earnings Presentation Strong Deposit Base TRY Deposits by Types(a) (TRY billion) Total Deposits by Currency(a) (TRY billion) Other Institutions Public Sector Interbank Commercial Savings TOTAL DEPOSITS 36.6 24.8 25.4 35.0 HALKBANK SECTOR (b) YTD 19.7% YTD 13.2% 22.0 13% 13% 30.6 20.7 28.6 2% 2
Slide 13: Cost-Yield-Spread
H1-08 Earnings Presentation Cost-Yield-Spread (a) Cost of Deposits (%) Spreads (%) On Loans On Securities 6.5 6.9 13.1 12.9 6.4 6.2 6.2 12.1 11.3 11.2 3.7 3.9 2.6 2.8 3.1 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Yield on Loans (b) (%) Yield on Securities (%) 19.6 19.2 18.7 15.7 15
Slide 14: Key Ratios
H1-08 Earnings Presentation Key Ratios ROE (%) ROA (%) 31.6 32.6 3.3 3.2 29.9 30.6 3.0 3.0 27.0 2.8 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Net Interest Margin (%) CAR (%) 5.1 5.2 5.3 5.0 20.0 4.9 17.1 a 15.4 14.1 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 2007 Q1-08 H1-08 JULY-08 (a) Unaudit
Slide 15: Effective Loan Approval Process
H1-08 Earnings Presentation Effective Loan Approval Process NPL Portfolio (TRY million) NPL Coverage (%) 1,077 1,033 1,077 1,043 98.6 98.7 95.6 90.5 H1-07 2007 Q1-08 H1-08 H1-07 2007 Q1-08 H1-08 NPL/Total Loans (%) Loan Loss Provisions/Average Net Loans (%) 6.8 0.9 0.9 0.9 0.9 5.4 5.0 4.4 H1-07 2007
Slide 16: Improvement in Income Structure
H1-08 Earnings Presentation Improvement in Income Structure Net Interest Income (TRY million) 23.6% 26.3% 525 532 1,057 479 430 437 837 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 H1-07 H1-08 Interest Income (TRY million) Interest Income on Loans/Total Interest Income (%) On Securities On Loans 54.7 54.7 881 42.5
Slide 17: Increasing Fee Income
H1-08 Earnings Presentation Increasing Fee Income Net Fee & Commission Income (TRY million) 32.3% 34.8% 89 89 92 181 69 73 134 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 H1-07 H1-08 Breakdown of Fee & Commission Income (H1 2008) Net Fee & Commission Income/Total Operating Revenues (%) Non-Cash Loans 9% Drawing &
Slide 18: Operating Expenses
H1-08 Earnings Presentation Operating Expenses Operating Expenses (TRY million) Operating Expenses/Average Assets (%) 1.6% 3.6% 242 246 444 460 2.7 200 204 214 2.1 2.1 2.2 2.0 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 H1-07 H1-08 Q2-07 Q3-07 Q4-07 Q1-08 Q2-08 Cost/Income (%) Breakdown of Operating Expenses (H1
Slide 19: Strategies for 2008
H1-08 Earnings Presentation Strategies for 2008 > Preserving profitability, asset quality and maintaining efficiency together with high level of return on equity > Gaining market share in deposits and loans by achieving growth over the sector average > Further strengthening the Bank’s efficiency and
Slide 20: Appendix
H1-08 Earnings Presentation Appendix Financial Institutions and Investor Relations 19 www.halkbank.com.tr
Slide 21: Balance Sheet
H1-08 Earnings Presentation Balance Sheet YTD In TRY million H1 2007 2007 H1 2008 (%) Change Cash and Balances Held with Central Bank (a) 2,640 3,471 3,016 (13) Banks 474 1,212 893 (26) Securities (b) 17,943 15,945 17,804 12 Net Loans (b) 14,745 18,121 22,650 25 Gross NPL 1,077 1,033 1,043 1 Propert
Slide 22: Income Statement
H1-08 Earnings Presentation Income Statement YoY In TRY million H1 2007 H1 2008 (%) Change Q4 2007 Q1 2008 Q2 2008 Interest Income 2,782 3,123 12 1,460 1,511 1,613 On Loans 1,182 1,708 45 766 827 881 On Securities 1,469 1,295 (12) 640 622 673 Interest Expense 1,945 2,067 6 982 986 1,081 On Deposits
Slide 23: 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 Bankas› A.S. (the Bank) for informational purposes only. Although the information in this presentation has been obtained form sources which t
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