Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.S. — Q1 2023 Earnings Presentation
24 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2023
Slide 1: 1Q 2023 Earnings Presentation
1Q 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
Slide 2: Slide 2
Slide 3: Asset Growth
1Q 2023 Earnings Presentation Total FX liquid assets continued to outpace the total FX wholesale > FX LCR is at 454%, well above debt due within 12 months the regulatory limit of 80%. Asset Mix (%) Asset Growth Loans Securities Bank Placements CBRT Receivables Cash YoY 67.6% QoQ 16.2% Liq. Assets Ot
Slide 4: Well-distributed securities portfolio
1Q 2023 Earnings Presentation Well-distributed securities portfolio Total Securities Portfolio (TRY billion) Securities Classification (TRY billion)(*) Total Securities / Total Assets (%) Fixed Rate (FX) Other Floating Rate CPI Linkers Fixed Rate (TRY) 27.5 26.9 27.1 234.3 267.1 310.5 340.2 398.3 26
Slide 5: SME backed selective loan growth
1Q 2023 Earnings Presentation SME backed selective loan growth, more than 1 pp increase in market CGF Utilisation (TRY bn) Dec-22 Mar-23 Current loan amount 30.6 48.3 share compared to the same quarter last year (TRY billion)(a) 73.6% Total Loans 19.4% HALKBANK B. Sector(b) YoY YoY 73.6% 54.8% QoQ Q
Slide 6: Leading SME segment peaked at a 50% share within the total loan book
1Q 2023 Earnings Presentation Leading SME segment peaked at a 50% share within the total loan book Loans by Currency (%)(a) Loans by Customer Segmentation (%)(a) Commercial 3% SME 6% FX SME 50% Commercial 2% 18.3% Corporate 33% Corporate 92% TRY 81.7% CGF 8% Retail 14% Cooperative 36%(b) Sectoral Br
Slide 7: Improved NPL ratio & NPL coverage reached up to 82.6%
1Q 2023 Earnings Presentation Improved NPL ratio & NPL coverage reached up to 82.6% NPL Portfolio (TRY million) NPL Coverage (%) 19,014 18,594 17,820 79.5 81.5 82.6 17,073 18,332 74.5 73.6 Mar-22 Jun-22 Sep-22 2022 Mar-23 Mar-22 Jun-22 Sep-22 2022 Mar-23 Loans under Close Watch (TRY million) NPL/Tot
Slide 8: NPL ratio by segments
1Q 2023 Earnings Presentation NPL ratio by segments Halkbank NPL Sector NPL (*) Corporate - Commercial (%) Consumer Loans (%) 4.6 4.2 4.1 3.8 3.9 3.2 3.5 3.5 2.2 3.1 2.0 2.8 1.8 1.8 1.7 1.9 1.8 1.8 1.6 1.5 Mar-22 Jun-22 Sep-22 2022 Mar-23 Mar-22 Jun-22 Sep-22 2022 Mar-23 SME Loans (%) Credit Cards (
Slide 9: Total loan coverage stands at 5.24% thanks to front-loaded provisioning
1Q 2023 Earnings Presentation Total loan coverage stands at 5.24% thanks to the front-loaded provisioning from last year Provisions and Reversals (TRY million) Net Cost of Risk (bps) (Cumulative) Total Specific Quarterly 487 510 (TRY million) Q1-22 Q2-22 Q3-22 Q4-22 Q1-23 315 168 S1 Provisions 79 2,
Slide 10: TRY LDR continued to improve amid a growing share of deposits
1Q 2023 Earnings Presentation TRY LDR continued to improve amid a growing share of deposits Loan to Deposit (%) Composition of IBLs(a) Liabilities Mix (%) (b) Halkbank L/D Sector L/D 87.0% 88.3% 87.8% 87.2% 86.0% Deposits Marketable Funds Borrowed Securities Issued Interbank Money Market Shareholder
Slide 11: Strong TRY deposit growth, up by 39.3% QoQ
8 -6.36 3 1Q 2023 Earnings Presentation Strong TRY deposit growth, up by 39.3% QoQ HALKBANK B. Sector(b) YoY 40.4% 18.5% HALKBANK B. Sector(b) HALKBANK B. Sector(b) QoQ -2.7% -0.8% YoY 88.4% 66.3% YoY 138.3% 133.3% in USD YoY 7.3% -9.5% QoQ 19.6% 11.7% QoQ 39.3% 22.8% terms QoQ -5.1% -3.3% Total Dep
Slide 12: TRY deposits reached a 62% share within the total deposits
1Q 2023 Earnings Presentation TRY deposits reached a 62% 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 (%) 24.6% 24.5% 23.5% 75.4% 77.0% 23.0% 23.1% 75.5% 76.
Slide 13: Cost – Yield – Spread
1Q 2023 Earnings Presentation Cost – Yield – Spread Blended Cost - Yield - Spread (%) Spreads (%) Yield on Loans Cost of Deposits(*) Spread TRY Core FX Core Blended Core 5.1 5.4 4.8 5.0 12.5 12.8 13.3 13.4 12.6 5.0 5.2 4.9 4.0 4.2 5.0 5.2 4.8 5.0 2.4 2.4 0.9 1.3 (7.6) (7.5) 0.6 (8.5) (8.4) (10.2) -0
Slide 14: Eye-catching performance in F&C, up by 109% YoY
1Q 2023 Earnings Presentation Eye-catching performance in F&C, up by 109% YoY Net Interest Income (TRY million) NIM (%) Interest Income Interest Expenses YtD Quarterly Swap adj. (QoQ) Swap adj. (YtD) 75% 9.6 8.6 4.8 5.8 5.2 23,363 23,428 15,887 7.0 7.4 12,388 4.8 5.3 5.2 9,067 9.0 7.8 6.3 6.8 26,422
Slide 15: Strong operating revenue; quarterly net income TRY 4.256 mn
1Q 2023 Earnings Presentation A strong operating revenue enabled a TRY 7 bn amounted earthquake donation, Quarterly net income posted TRY 4.256 mn Total Operating Revenues (TRY million)(a) Q1-23 Revenue Walk (TRY million) 110% 2,094 2,997 25,643 15,887 25,009 (315) 21,091 4,256 13,703 10,050 (15,375
Slide 16: Earthquake donation weighed on OPEX as a one-off expense
1Q 2023 Earnings Presentation Earthquake donation weighed on OPEX as a one-off expense Operating Expenses (TRY million) Operating Expenses / Average Assets (%) 382.7% 168.2% Exc. TRY 7 bn donation, OPEX up by 4.14 15,375 45.7% QoQ and up by 162.3% YoY TRY 7 bn Earthquake Donation 1.38 1.41 1.51 1.54
Slide 17: Solvency Ratios
1Q 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) Mar-23 Mar-23 17.6 15.2 Credit Risk Base Amount (CRBA) 954,924 918,939 14.7 14.3 14.7 Market Risk Base Amount (MRBA) 47,084 38,979 15.3 Operat
Slide 18: Ongoing transformation in digital banking mirrored within the numbers
1Q 2023 Earnings Presentation Ongoing transformation in digital banking mirrored within the numbers Active Digital Customers by Types (Million) # of Total Active Digital Customers(a) 23% 5.8 5.5 5.2 4.7 4.9 # of active digital banking customers increased 23% YoY and reached 5.8 million Mar-22 Jun-22
Slide 19: Branch Network – Human Resources
1Q 2023 Earnings Presentation Branch Network – Human Resources Loans and Deposits per Branch (TRY million) Breakdown of Banking Transactions (%) Loans/Branches Deposits/Branches ATM 15% Automatic Payment 3% 1,217.1 Call Center 5% Branch 3% 1,028.0 Internet Banking 5% 879.3 726.7 910.3 659.4 Mobile 7
Slide 20: Annex
1Q 2023 Earnings Presentation Annex TRY Market Banking Halkbank Million Share (%) Sector Metrics(b) 1Q22 1Q23 Total Assets 1,617,922 10.2 Loan Growth (YtD, %) 12.3 12.4 Loans (a) 969,292 11.4 Deposit Growth (YtD, %)(c) 12.5 11.7 TRY Loans 791,648 13.2 LDR (%) 91.1 83.9 FC Loans 177,644 7.0 NPL (%) 2
Slide 21: Balance Sheet
1Q 2023 Earnings Presentation Balance Sheet QoQ YoY In TRY million Mar-22 2022 Mar-23 Change(%) Change(%) Cash and Balances Held with the Central Bank(a) 103,861 158,994 153,081 (3.7) 47.4 Banks & Money Market(b) 5,000 7,177 8,393 16.9 67.9 Securities(b) 259,145 374,181 439,032 17.3 69.4 Net Loans(b
Slide 22: Income Statement
1Q 2023 Earnings Presentation Income Statement QoQ YoY In TRY million Q1-22 Q4-22 Q1-23 Change% Change% Interest Income 26,422 48,737 48,859 0.3 84.9 On Loans 16,876 26,187 27,966 6.8 65.7 On Securities 9,186 22,424 20,554 (8.3) 123.8 Interest Expense 17,355 25,309 32,972 30.3 90.0 On Deposits 12,05
Slide 23: Slide 23
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
Türkiye Halk Bankası A.S. — Q1 2023 Earnings Presentation on 6ix