Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. — FY2023 Earnings Presentation
24 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2024
Slide 1: 2023 Earnings Presentation
2023 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
2023 Earnings Presentation FX liquidity covers 2 times of FX wholesale debt (inc. bank > FX LCR is at 570%, well above deposits) maturing within 1 year the regulatory limit of 80%. Asset Mix (%) Asset Growth Loans Securities Bank Placements CBRT Receivables Cash YoY 57.7% QoQ -0.1% Liq. Assets Other
Slide 4: The highest income from CPI-linkers was posted in Q4-23
2023 Earnings Presentation The highest income from CPI-linkers was posted in Q4-23 Total Securities Portfolio (TRY billion) Securities Classification (TRY billion)(*) Total Securities / Total Assets (%) Fixed Rate (FX) Other Floating Rate CPI Linkers Fixed Rate (TRY) 26.9 27.1 25.3 24.7 26.6 487.8 5
Slide 5: Subdued loan growth during the quarter
2023 Earnings Presentation Subdued loan growth during the quarter CGF Utilisation (TRY bn) Sep-23 Dec-23 (a) Current loan amount 76.7 72.4 (TRY billion) 50.9% Total Loans 1.2% HALKBANK B. Sector(b) YoY YoY 50.9% 54.0% 1,176.4 1,210.2 1,224.9 QoQ QoQ 969.3 1.2% 9.0% Business Loans 441.9 465.7 811.6 Y
Slide 6: TRY and SME dominated loan portfolio
2023 Earnings Presentation TRY and SME dominated loan portfolio Loans by Currency (%)(a) Loans by Customer Segmentation (%)(a) Commercial 4% SME 7% FX SME 49% Commercial 2% 20.7% Corporate 34% Corporate 91% TRY 79.3% CGF 9% Retail 13% Cooperative 38%(b) Sectoral Breakdown of Loans (%) Retail Loans b
Slide 7: NPL coverage ratio is intact whilst the NPL ratio remains below the sector
2023 Earnings Presentation NPL coverage ratio is intact whilst the NPL ratio remains below the sector NPL Portfolio (TRY million) NPL Coverage (%) 18,594 17,820 17,911 18,574 18,540 81.5 82.6 83.2 81.2 81.6 2022 Mar-23 Jun-23 Sep-23 2023 2022 Mar-23 Jun-23 Sep-23 2023 Loans under Close Watch (TRY mi
Slide 8: NPL ratio by segments
2023 Earnings Presentation NPL ratio by segments Halkbank NPL Sector NPL (*) Corporate - Commercial (%) Consumer Loans (%) 3.8 3.2 3.0 2.9 2.8 3.1 2.8 2.9 2.8 2.8 1.8 1.7 1.6 1.5 1.5 1.6 1.5 1.3 1.4 1.4 2022 Mar-23 Jun-23 Sep-23 2023 2022 Mar-23 Jun-23 Sep-23 2023 SME Loans (%) Credit Cards (%) 2.8
Slide 9: Total loan coverage has been at a comfortable 3.82% level
2023 Earnings Presentation Total loan coverage has been at a comfortable 3.82% level Provisions and Reversals (TRY million) Net Cost of Risk (bps) (Cumulative) Total Specific Quarterly 510 (TRY million) Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 S1 Provisions 3,217 323 -296 4 42 S2 Provisions 8,680 0 0 495 -331
Slide 10: Deposits share within the liabilities mix accelerates
2023 Earnings Presentation Deposits share within the liabilities mix accelerates Loan to Deposit (%) Composition of IBLs(a) Liabilities Mix (%) (b) Halkbank L/D Sector L/D 87.2% 86.0% 88.6% 89.2% 89.4% Deposits Marketable Funds Borrowed Securities Issued Interbank Money Market Shareholders’ Equity F
Slide 11: Normalised growth on TL deposits, up by 3.9% QoQ
8 -6.36 3 2023 Earnings Presentation Normalised growth on TL deposits, up by 3.9% QoQ HALKBANK B. Sector(b) YoY 52.2% 46.6% HALKBANK B. Sector(b) HALKBANK B. Sector(b) QoQ 7.2% 10.2% YoY 74.3% 67.0 % YoY 93.7% 84.9% in USD YoY -3.2% -6.8% QoQ 5.2% 11.3 % QoQ 3.9% 12.2% terms QoQ -0.1% 2.7% Total Dep
Slide 12: Demand deposits reached an adequate 22.5% share within the total deposits
2023 Earnings Presentation Demand deposits reached an adequate 22.5% share within the total deposits Demand Deposits (TRY billion)(a) Time Deposits (TRY billion)(a) Deposits by Currency (%)(b) Demand Deposits/Total Deposits (%) Time Deposits/Total Deposits (%) 23.1% 23.5% 21.8% 21.9% 22.5% 76.9% 76.
Slide 13: Cost – Yield – Spread
2023 Earnings Presentation Cost – Yield – Spread Blended Cost - Yield - Spread (%) Spreads (%) Yield on Loans Cost of Deposits(*) Spread TRY Core FX Core Blended Core 6.0 5.0 4.0 3.5 24.2 4.9 13.4 3.4 3.8 12.6 13.2 16.4 2.4 5.0 1.3 2.4 -0.1 0.4 3.5 (8.4) (10.2) -0.1 0.4 (13.4) (16.0) -1.5 (20.8) -3.
Slide 14: Net Fees & Commissions income surged by 41% QoQ, 150% on YoY basis
2023 Earnings Presentation Net Fees & Commissions income surged by 41% QoQ, 150% on YoY basis Net Interest Income (TRY million) NIM (%) Interest Income Interest Expenses YtD Quarterly Swap adj. (QoQ) Swap adj. (YtD) 11,171 8.6 9,489 5.2 7.4 5.2 3.1 2.8 23,428 15,887 4,837 2.7 7.8 2.3 6.8 1.3 2.5 48,
Slide 15: Details of profitability metrics
2023 Earnings Presentation Details of profitability metrics Total Operating Revenues (TRY million)(a) Q4-23 Revenue Walk (TRY million) 6,723 25,643 6,871 21,091 11,171 12,711 13,506 (11,143) 9,987 2,062 (11,366) (194) NII Net F&C Income Net Trading Income Total Provisions Net Income (Q4-23) Other (b
Slide 16: Disciplined OPEX management reflected with a 1% contraction on QoQ basis
2023 Earnings Presentation Disciplined OPEX management reflected with a 1% contraction on QoQ basis Operating Expenses (TRY million) Operating Expenses / Average Assets (%) 98.2% -0.8% 4.14 15,375 TRY 7 bn Earthquake 11,455 11,366 2.23 2.19 Donation 2.05 9,923 1.74 5,734 Q4-22 Q1-23 Q2-23 Q3-23 Q4-2
Slide 17: Solvency Ratios
2023 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-23 Dec-23 15.2 Credit Risk Base Amount (CRBA) 1,110,534 1,066,862 14.7 13.7 14.3 13.2 Market Risk Base Amount (MRBA) 80,960 70,960 13.5 Opera
Slide 18: Digital transactions grew by 45% YoY with ongoing efforts on digitalisation
2023 Earnings Presentation Digital transactions grew by 45% YoY with ongoing efforts on digitalisation Active Digital Customers by Types (Million) # of Total Active Digital Customers(a) 14% 6.2 6.3 6.0 5.8 5.5 # of active digital banking customers increased 14% YoY and reached 6.3 million Dec-22 Mar
Slide 19: Branch Network – Human Resources
2023 Earnings Presentation Branch Network – Human Resources Loans and Deposits per Branch (TRY million) Breakdown of Banking Transactions (%) Loans/Branches Deposits/Branches ATM 13% 1,745.4 Automatic Payment 3% 1,659.9 Call Center 5% Branch 3% 1,440.3 Internet Banking 5% 1,217.1 1,028.0 1,124.9 1,1
Slide 20: Annex
2023 Earnings Presentation Annex TRY Market Banking Halkbank Million Share (%) Sector Metrics(b) 2022 2023 Total Assets 2,195,287 9.3 Loan Growth (YtD, %) 54.7 50.9 Loans (a) 1,224,877 10.5 Deposit Growth (YtD, %)(c) 67.4 74.3 TRY Loans 971,706 12.3 LDR (%) 83.7 76.8 FC Loans 253,171 6.7 NPL (%) 2.1
Slide 21: Balance Sheet
2023 Earnings Presentation Balance Sheet QoQ YoY In TRY million 2022 Sep-23 2023 Change % Change % Cash and Balances Held with the Central Bank(a) 158,994 358,704 273,730 (23.7) 72.2 Banks & Money Market(b) 7,177 13,573 15,824 16.6 120.5 Securities(b) 374,181 542,679 584,393 7.7 56.2 Net Loans(b) 78
Slide 22: Income Statement
2023 Earnings Presentation Income Statement YoY QoQ YoY Change Change Change In TRY million 2022 2023 % Q4-22 Q1-23 Q2-23 Q3-23 Q4-23 % % Interest Income 153,974 304,991 98.1 48,737 48,859 56,745 82,680 116,707 41.2 139.5 On Loans 85,604 189,559 121.4 26,187 27,966 35,968 50,109 75,515 50.7 188.4 On
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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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