Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.S. — Q3 2024 Earnings Presentation
24 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2024
Slide 1: 3Q24 Earnings Presentation
3Q24 EARNINGS PRESENTATION BRSA Bank Only
Slide 2: Asset Growth
3Q24 Earnings Presentation Total assets surge by 10.1% QoQ, bolstered by securities > FX LCR is at 212%, well above the regulatory limit of 80%. Asset Mix (%) Asset Growth Loans Securities Bank Placements CBRT Receivables Cash YoY 30.8% QoQ 10.1% Liq. Assets Other Assets Total Asset Growth (TRY bill
Slide 3: CPI-Linkers continue to support profitability
3Q24 Earnings Presentation CPI-Linkers continue to support profitability Total Securities Portfolio (TRY billion) Securities Classification (TRY billion)(*) Total Securities / Total Assets (%) Fixed Rate (FX) Other Floating Rate CPI Linkers Fixed Rate (TRY) 26.6 27.1 25.2 25.6 622.2 700.4 24.7 487.8
Slide 4: TRY loans fuel loan growth in Q3
3Q24 Earnings Presentation TRY loans fuel loan growth in Q3 (TRY billion)(a) 12.7% Total Loans 4.9% HALKBANK B. Sector(b) YoY YoY 1,363.5 12.7% 40.2% 1,270.9 1,299.9 QoQ QoQ 1,210.2 1,224.9 4.9% 8.4% Business Loans 482.9 YoY 21.9% TRY Loans 441.9 465.7 511.4 538.6 QoQ 5.3% HALKBANK B. Sector(b) Reta
Slide 5: TRY-dominated asset mix signals earnings growth momentum for 2025
3Q24 Earnings Presentation TRY-dominated asset mix signals «earnings growth momentum» for 2025 Loans by Currency (%)(a) Loans by Customer Segmentation (%)(a) Commercial 4% SME 7.8% FX SME 48% Commercial 3.7% 27.3% Corporate 35% Corporate 88.5% TRY 72.7% CGF 5% Retail 12% Cooperative 37%(b) Sectoral
Slide 6: Slight deterioration in asset quality amid economic indicator momentum loss
3Q24 Earnings Presentation Slight deterioration in asset quality amid economic indicator momentum loss NPL Portfolio (TRY million) NPL Coverage (%) 28,547 81.2 81.6 79.1 74.6 20,902 62.4 18,574 18,540 19,268 Sep-23 2023 Mar-24 Jun-24 Sep-24 Sep-23 2023 Mar-24 Jun-24 Sep-24 Loans under Close Watch (T
Slide 7: NPL ratio by segments
3Q24 Earnings Presentation NPL ratio by segments Halkbank NPL Sector NPL (*) Corporate - Commercial (%) Consumer Loans (%) 3.4 3.0 3.0 3.1 2.9 2.9 2.9 3.0 1.9 2.8 2.6 1.5 1.5 1.4 1.3 1.3 1.4 1.4 1.3 1.2 Sep-23 2023 Mar-24 Jun-24 Sep-24 Sep-23 2023 Mar-24 Jun-24 Sep-24 SME Loans (%) Credit Cards (%)
Slide 8: Continued provisions for S3 loans
3Q24 Earnings Presentation Continued provisions for S3 loans Provisions and Reversals (TRY million) Net Cost of Risk (bps) (Cumulative) Total Specific Quarterly (TRY million) Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 55 S1 Provisions 4 42 1,905 -1.894 134 25 S2 Provisions 495 -331 2,762 -2.610 -152 1 1 S3 Provi
Slide 9: Deposit-driven funding structure
3Q24 Earnings Presentation Deposit-driven funding structure Loan to Deposit (%) Composition of IBLs(a) Liabilities Mix (%) (b) Halkbank L/D Sector L/D 88.6% 89.2% 89.4% 89.9% 90.0% Deposits Marketable Funds Borrowed Securities Issued Interbank Money Market Shareholders’ Equity FX 38.8% 41.9% 43.2% 3
Slide 10: Visible de-dollarisation trend in deposit market
8 -6.36 3 3Q24 Earnings Presentation Visible de-dollarisation trend in deposit market HALKBANK B. Sector(b) YoY 14.6% 22.9% HALKBANK B. Sector(b) HALKBANK B. Sector(b) QoQ 3.2% 8.2% YoY 30.1% 34.0% YoY 40.4% 41.8% in USD YoY -8.1% -1.5% QoQ 8.2% 7.9% QoQ 11.2% 7.8% terms QoQ -1.4% 3.4% Total Deposit
Slide 11: TRY deposits now nearly two-thirds of total deposits
3Q24 Earnings Presentation TRY deposits now nearly two-thirds of total deposits Demand Deposits (TRY billion)(a) Time Deposits (TRY billion)(a) Deposits by Currency (%)(b) Demand Deposits/Total Deposits (%) Time Deposits/Total Deposits (%) 22.5% 24.1% 22.6% 78.1% 77.5% 78.7% 21.9% 21.3% 75.9% 77.4%
Slide 12: TRY core-spread turns positive after six quarters of contraction
3Q24 Earnings Presentation TRY core-spread turns positive after six quarters of contraction Blended Cost - Yield - Spread (%) Spreads (%) Yield on Loans Cost of Deposits(*) Spread TRY Core FX Core Blended Core 7.5 7.0 6.7 6.0 6.9 3.8 6.3 24.2 28.7 32.8 34.0 5.9 16.4 3.5 1.1 0.4 3.5 5.9 6.3 6.9 (16.0
Slide 13: Net F&C up by 12.9% QoQ and 122% YoY
3Q24 Earnings Presentation Net F&C up by 12.9% QoQ and 122% YoY Net Interest Income (TRY million) NIM (%) Interest Income Interest Expenses YtD Quarterly Swap adj. (QoQ) Swap adj. (YtD) -32.1% 2.8 2.7 2.9 2.4 13,246 9,751 6,621 11,171 2.3 2.5 2.9 9,489 2.0 2.0 82,680 116,707 136,020 161.286 178,627
Slide 14: Total operating revenues show positive growth after five quarters
3Q24 Earnings Presentation Total operating revenues show positive growth after five quarters Total Operating Revenues (TRY million)(a) Q3-24 Revenue Walk (TRY million) 61.7% 48.7% 4,231 10,811 21,843 (1,712) 14,693 6,621 14,225 2,960 13,506 (13,688) 9,987 (3,302) NII Net F&C Income Net Trading Incom
Slide 15: State Saving Plan also enabled OPEX contraction
3Q24 Earnings Presentation State Saving Plan also enabled OPEX contraction Operating Expenses (TRY million) Operating Expenses / Average Assets (%) 19.5% -1.4% 2.74 15,698 2.48 13,884 2.19 2.28 13,688 2.05 11,455 11,366 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Q3-23 Q4-23 Q1-24 Q2-24 Q3-24 Cost/Income (%) Brea
Slide 16: Solvency Ratios
3Q24 Earnings Presentation Solvency Ratios CAR (%) Details on Capital Ratio Tier-I CAR Details on Capital Ratio Cons. Basel III Uncons. Basel III (TRY mn) Sep-24 Sep-24 13.7 13.3 14.3 13.2 13.5 Credit Risk Base Amount (CRBA) 1,306,749 1,236,767 Market Risk Base Amount (MRBA) 93,597 74,312 11.8 11.8
Slide 17: Details of digital customer base
3Q24 Earnings Presentation Details of digital customer base Active Digital Customers by Types (Million) # of Total Active Digital Customers(a) 4% 6.2 6.3 6.4 6.3 6.4 # of active digital banking customers increased 4% YoY and reached 6.4 million Sep-23 Dec-23 Mar-24 Jun-24 Sep-24 Digital Transactions
Slide 18: Branch Network – Human Resources
3Q24 Earnings Presentation Branch Network – Human Resources Loans and Deposits per Branch (TRY million) Breakdown of Banking Transactions (%) Loans/Branches Deposits/Branches ATM 13% Automatic Payment 3% Call Center 5% Branch 2% 2,147.4 1,988.6 Internet Banking 4% 1,745.4 1,822.3 1,659.9 Mobile 1,21
Slide 19: Annex
3Q24 Earnings Presentation Annex TRY Market Banking Halkbank Million Share (%) Sector Metrics(b) 9M-23 9M-24 Total Assets 2,875,673 9.4 Loan Growth (YtD, %) 41.3 28.6 Loans (a) 1,363,543 9.1 Deposit Growth (YtD, %)(c) 50.0 20.3 TRY Loans 991,174 10.5 LDR (%) 78.4 82.2 FC Loans 372,369 6.7 NPL (%) 1.
Slide 20: Balance Sheet
3Q24 Earnings Presentation Balance Sheet In TRY million Sep-23 2023 H1-24 Sep-24 QoQ (%) YtD (%) YoY (%) Cash and Balances Held with the Central Bank(a) 358,704 273,730 484,573 579,183 19.5 111.6 61.5 Banks & Money Market(b) 13,573 15,824 23,683 20,144 (14.9) 27.3 48.4 Securities(b) 542,679 584,393
Slide 21: Income Statement
3Q24 Earnings Presentation Income Statement In TRY million Sep-23 Sep-24 YoY (%) Q3-23 Q2-24 Q3-24 QoQ (%) YoY (%) Interest Income 188,284 475,933 152.8 82,680 161,286 178,627 10.8 116 On Loans 114,044 312,069 173.6 50,109 106,722 115,382 8.1 130.3 On Securities 73,055 133,270 82.4 32,015 44,209 48,
Slide 22: Notes
3Q24 Earnings Presentation Notes Investor Relations 21 www.halkbank.com.tr
Slide 23: Notes
3Q24 Earnings Presentation Notes Investor Relations 22 www.halkbank.com.tr
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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