Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.S. — FY2021 Earnings Presentation
24 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2022
Slide 1: 2021 Earnings Presentation
2021 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
2021 Earnings Presentation Highly liquid balance sheet structure, liquid assets’ share > FX LCR is at 387%, well above reached 14.1% in total assets the regulatory limit of 80%. Asset Mix (%) Asset Growth Loans Securities Bank Placements CBRT Receivables Cash YoY 32.5% QoQ 24.4% Liq. Assets Other As
Slide 4: Growing CPI-linker portfolio closed the year with a revised valuation rate of 36%
2021 Earnings Presentation Growing CPI-linker portfolio closed the year with a revised valuation rate of 36% Total Securities Portfolio (TRY billion) Securities Classification (TRY billion)(*) Total Securities / Total Assets (%) Fixed Rate (FX) Other Floating Rate CPI Linkers Fixed Rate (TRY) 23.4 2
Slide 5: Moderate YoY loan growth along with the normalisation trend
2021 Earnings Presentation Moderate YoY loan growth along with the normalisation trend CGF Utilisation (TRY bn) Sep-21 Dec-21 Current loan amount 44.3 41.7 (TRY billion)(a) 20.9% Total Loans 17.3% HALKBANK B. Sector(b) YoY YoY 514.6 20.9% 37.0% QoQ QoQ 440.9 438.9 17.3% 21.4% 430.2 425.8 Business Lo
Slide 6: Well-diversified and low-risk segments gave resistance to the loan portfolio
2021 Earnings Presentation Well-diversified and low-risk segments gave resistance to the loan portfolio Loans by Currency (%)(a) Loans by Customer Segmentation (%)(a) Commercial 4% FX SME 7% Commercial 3% 28.5% SME 41% Corporate 90% Corporate 40% CGF 13% TRY 71.5% Cooperative 37%(b) Retail 16% Secto
Slide 7: Improved NPL ratio & NPL coverage reached up to 72.9%
2021 Earnings Presentation Improved NPL ratio & NPL coverage reached up to 72.9% NPL Portfolio (TRY million) NPL Coverage (%) 16,918 72.9 16,297 65.3 64.0 15,822 15,849 15,751 59.1 60.1 2020 Mar-21 Jun-21 Sep-21 2021 2020 Mar-21 Jun-21 Sep-21 2021 Loans under Close Watch (TRY million) NPL/Total Loan
Slide 8: NPL ratio by segments
2021 Earnings Presentation NPL ratio by segments Halkbank NPL Sector NPL (*) Corporate - Commercial (%) Consumer Loans (%) 4.5 3.9 3.5 3.6 3.6 3.3 3.3 3.7 2.9 2.9 2.6 2.7 2.6 2.7 2.9 2.5 2.6 1.7 2.0 1.8 2020 Mar-21 Jun-21 Sep-21 2021 2020 Mar-21 Jun-21 Sep-21 2021 SME Loans (%) Credit Cards (%) 6.4
Slide 9: Prudent approach on provisioning mirrored in Total CoR, up by 60 bps YoY
2021 Earnings Presentation Prudent approach on provisioning mirrored in Total CoR, up by 60 bps YoY Provisions and Reversals (TRY million) (Quarterly) Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Coverage Ratios 2020 Mar-21 Jun-21 Sep-21 2021 S1 Provisions 350 125 -124 164 2.136 Stage 1 0.57% 0.48% 0.40% 0.41% 0.7
Slide 10: Opportunistically switched funding base through interbank money market
2021 Earnings Presentation Opportunistically switched funding base through interbank money market Loan to Deposit (%) Composition of IBLs(a) Liabilities Mix (%) (b) Halkbank L/D Sector L/D 88.3% 89.0% 89.1% 88.9% 89.8% Deposits Marketable Funds Borrowed Securities Issued Interbank Money Market Share
Slide 11: Deposits remain as the main source of funding
8 -6.36 3 2021 Earnings Presentation Deposits remain as the main source of funding HALKBANK B. Sector(b) YoY 87.6% 78.4% HALKBANK B. Sector(b) HALKBANK B. Sector(b) QoQ 40.0% 50.9% YoY 36.8% 52.9% YoY -1.2% 21.5% in USD YoY 2.7% -2.4% QoQ 17.2% 29.1% QoQ -4.8% 2.4% terms QoQ -8.5% -1.4% Total Deposi
Slide 12: Sharp decrease in the cost of TRY deposits, demand deposits gaining ground
2021 Earnings Presentation Sharp decrease in the cost of TRY deposits, demand deposits gaining ground Demand Deposits (TRY billion)(a) Time Deposits (TRY billion)(a) Deposits by Currency (%)(b) Demand Deposits/Total Deposits (%) Time Deposits/Total Deposits (%) 25.0% 19.4% 18.6% 18.1% 18.6% 81.4% 81
Slide 13: Cost – Yield – Spread
2021 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 4.8 5.6 13.2 3.7 4.4 6.6 12.5 9.2 10.5 11.1 4.1 4.1 6.6 2.2 1.7 2.1 2.2 1.7 2.1 1.1 (7.1) (6.6) -1.0 -1.0 (8.7) (9.0) (8.4) -2.8
Slide 14: Improved Net Interest Income, NIM expanded by 30 bps YoY
2021 Earnings Presentation Improved Net Interest Income, NIM expanded by 30 bps YoY Net Interest Income (TRY million) NIM (%) Interest Income Interest Expenses YtD Quarterly Swap adj. (YtD) 11.9 Swap adj. (QoQ) 695% 366% 4.1 19,907 3.8 10.7 2.8 1,084 4,269 1.7 0.7 2,505 -99 -0.1 3.5 1.2 2.9 15,514 1
Slide 15: Strong performance in core business yielding RoE at 12.0%
2021 Earnings Presentation Strong performance in core business yielding RoE at 12.0% QoQ, 3.5% YoY Core Operating Revenues (TRY million)(a) Q4-21 Revenue Walk (TRY million) 292% 1,262 518 21,168 19,907 (7,174) (2,998) 1,293 5,401 3,160 2,053 (10,221) 625 NII Net F&C Income Net Trading Income Total P
Slide 16: Details of Operating Expenses
2021 Earnings Presentation Details of Operating Expenses Operating Expenses (TRY million)(*) Operating Expenses / Average Assets (%) 21.5% 1.46 9,670 1.30 1.31 1.27 7,961 1.19 6,672 4,285 2,199 2020 Mar-21 Jun-21 Sep-21 2021 Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 Cost/Income (%)(*) Breakdown of Operating Exp
Slide 17: Solvency Ratios
2021 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-21 Dec-21 15.2 14.6 13.7 14.5 Credit Risk Base Amount (CRBA) 464,580 450,402 13.4 Market Risk Base Amount (MRBA) 13,829 8,765 12.6 12.0 12.1
Slide 18: Digitalisation gain pace as the number of digital transactions increased by 35.1% YoY
2021 Earnings Presentation Digitalisation gain pace as the number of digital transactions increased by 35.1% YoY Active Digital Customers by Types (million) # of Total Active Digital Customers(a) # of Active Mobile-only Customers # of Active Internet-only Customers 28% 4.3 4.5 3.9 3.5 3.7 # of activ
Slide 19: Branch Network – Human Resources
2021 Earnings Presentation Branch Network – Human Resources Loans and Deposits per Branch (TRY million) Breakdown of Banking Transactions (%) Loans/Branches Deposits/Branches Internet Automatic 614.8 Banking 7% Payment 4% 528.9 ATM 19% 502.7 508.1 454.1 468.3 Call Center 5% Mobile Branch 4% Banking
Slide 20: Annex
2021 Earnings Presentation Annex TRY Market Banking Halkbank Million Share (%) Sector Metrics(b) 2020 2021 Total Assets 901,217 9.8 Loan Growth (YoY, %) 34.7 37.0 Loans (a) 514,624 10.5 Deposit Growth (YoY, %)(c) 35.0 52.9 TRY Loans 367,951 13.0 LDR (%) 103.1 91.6 FC Loans 146,673 7.1 NPL (%) 4.1 3.
Slide 21: Balance Sheet
2021 Earnings Presentation Balance Sheet QoQ YoY In TRY million 2020 Sep-21 2021 Change% Change% Cash and Balances Held with the Central Bank(a) 63,476 74,259 123,424 66.2 94.4 Banks & Money Market(b) 2,146 2,484 3,534 42.3 64.7 Securities(b) 159,200 173,880 223,301 28.4 40.3 Net Loans(b) 433,113 44
Slide 22: Income Statement
2021 Earnings Presentation Income Statement YoY QoQ YoY Change Change Change In TRY million 2020 2021 % Q4-20 Q1-21 Q2-21 Q3-21 Q4-21 % % Interest Income 53,738 88,778 65.2 15,514 15,173 17,999 20,190 35,417 75.4 128.3 On Loans 38,123 54,196 42.2 10,297 11,285 12,478 14,216 16,217 14.1 57.5 On Secur
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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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