Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB

Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.S. — Q4 2024 Earnings Presentation

24 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2025

  1. Slide 1: 4Q24 Earnings Presentation

    4Q24 EARNINGS PRESENTATION BRSA Bank Only

  2. Slide 2: Asset Growth

    2024 Earnings Presentation Total assets surge by 4.6% QoQ, bolstered by securities > FX LCR is at 210%, well above the regulatory limit of 80%. Asset Mix (%) Asset Growth Loans Securities Bank Placements CBRT Receivables Cash YoY 37.0% QoQ 4.6% Liq. Assets Other Assets Total Asset Growth (TRY billio

  3. Slide 3: CPI-Linkers continue to support profitability

    2024 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 25.6 26.0 622.2 700.4 783.1 25.2 5

  4. Slide 4: Moderated growth in TRY loan portfolio

    2024 Earnings Presentation Moderated growth in TRY loan portfolio (TRY billion)(a) 12.1% Total Loans 0.7% HALKBANK B. Sector(b) YoY YoY 12.1% 37.5% 1,373.4 1,363.5 QoQ QoQ 1,270.9 1,299.9 0.7% 6.9% 1,224.9 Business Loans YoY 10.6% TRY Loans 465.7 482.9 511.4 538.6 614.9 QoQ -4.4% HALKBANK B. Sector(

  5. Slide 5: TRY-dominated asset mix signals earnings growth momentum for 2025

    2024 Earnings Presentation TRY-dominated asset mix signals «earnings growth momentum» for 2025 Loans by Currency (%)(a) Loans by Customer Segmentation (%)(a) Commercial 5% SME 9.9% FX SME 50% Commercial 5.3% 26.0% Corporate 33% Corporate 84.8% TRY 74.0% CGF 5% Retail 13% Cooperative 36%(b) Sectoral

  6. Slide 6: Slight deterioration in asset quality amid economic indicator momentum loss

    2024 Earnings Presentation Slight deterioration in asset quality amid economic indicator momentum loss NPL Portfolio (TRY million) NPL Coverage (%) 30,398 81.6 28,547 79.1 74.6 62.4 60.6 20,902 18,540 19,268 2023 Mar-24 Jun-24 Sep-24 2024 2023 Mar-24 Jun-24 Sep-24 2024 Loans under Close Watch (TRY m

  7. Slide 7: NPL ratio by segments

    2024 Earnings Presentation NPL ratio by segments Halkbank NPL Sector NPL (*) Corporate - Commercial (%) Consumer Loans (%) 3.9 3.4 3.0 2.9 3.0 3.6 3.0 3.1 1.9 2.9 2.6 1.5 1.6 1.4 1.3 1.3 1.4 1.3 1.2 1.2 2023 Mar-24 Jun-24 Sep-24 2024 2023 Mar-24 Jun-24 Sep-24 2024 SME Loans (%) Credit Cards (%) 3.0

  8. Slide 8: Continued provisions for S3 loans

    2024 Earnings Presentation Continued provisions for S3 loans Provisions and Reversals (TRY million) Net Cost of Risk (bps) (Cumulative) Total Specific Quarterly 55 (TRY million) Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 25 23 S1 Provisions 42 1,905 -1,894 134 -52 1 S2 Provisions -331 2,762 -2,610 -152 499 4 S3 P

  9. Slide 9: Deposit-driven funding structure

    2024 Earnings Presentation Deposit-driven funding structure Loan to Deposit (%) Composition of IBLs(a) Liabilities Mix (%) (b) Halkbank L/D Sector L/D 89.2% 89.4% 89.9% 90.0% 91.1% Deposits Marketable Funds Borrowed Securities Issued Interbank Money Market Shareholders’ Equity FX 41.9% 43.2% 36.3% 3

  10. Slide 10: Visible de-dollarisation trend in deposit market

    2024 Earnings Presentation Visible de-dollarisation trend in deposit market HALKBANK B. Sector(b) YoY 2.8% 10.3% HALKBANK B. Sector(b) HALKBANK B. Sector(b) QoQ -3.9% -1.1% YoY 27.2% 27.5% YoY 44.0% 39.5% in USD YoY -14.5% -8.2% QoQ 2.8% 6.0% QoQ 6.5% 10.3% terms QoQ -7.0% -4.3% Total Deposits TRY D

  11. Slide 11: TRY deposits constitute almost two-thirds of total deposits

    2024 Earnings Presentation TRY deposits constitute almost 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% 21.5% 77.5% 78.7% 78.5% 21.3% 75.9%

  12. Slide 12: Expansion of TRY core spreads

    2024 Earnings Presentation Expansion of TRY core spreads Blended Cost - Yield - Spread (%) Spreads (%) Yield on Loans Cost of Deposits(*) Spread TRY Core FX Core Blended Core 7.5 7.0 7.2 6.7 6.0 6.9 6.9 28.7 32.8 34.0 35.0 5.9 6.3 24.2 1.1 3.2 3.5 5.9 6.3 6.9 7.2 3.5 (20.8) (22.8) (26.6) (27.1) (27.

  13. Slide 13: NII increases by 32.2% QoQ due to efficient loan repricing

    2024 Earnings Presentation NII increases by 32.2% QoQ due to efficient loan repricing Net Interest Income (TRY million) NIM (%) Interest Income Interest Expenses YtD Quarterly Swap adj. (QoQ) Swap adj. (YtD) 32.2% 2.7 2.9 13,246 2.4 11,171 9,751 2.9 2.0 1.9 8,763 2.5 6,630 2.0 1.6 1.3 116,707 136,020

  14. Slide 14: Expected growth in total operating revenues

    2024 Earnings Presentation Expected growth in total operating revenues Total Operating Revenues (TRY million)(a) Q4-24 Revenue Walk (TRY million) 134.8% 7.4% 2,428 10,963 23,449 (451) 21,843 8,763 14,693 3,888 14,225 (16,195) 9,987 (1,620) NII Net F&C Income Net Trading Income Total Provisions Net I

  15. Slide 15: OPEX grew below inflation throughout 2024

    2024 Earnings Presentation OPEX grew below inflation throughout 2024 Operating Expenses (TRY million) Operating Expenses / Average Assets (%) 42.5% 18.2% 2.74 16,195 2.48 15,698 2.28 2.29 13,884 13,701 2.05 11,366 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 Cost/Income (%) Breakdown o

  16. Slide 16: Solvency Ratios

    2024 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-24 Dec-24 14.3 14.8 13.7 13.3 13.2 Credit Risk Base Amount (CRBA) 1,344,855 1,280,893 Market Risk Base Amount (MRBA) 89,152 70,290 11.5 Opera

  17. Slide 17: Details of digital customer base

    2024 Earnings Presentation Details of digital customer base Active Digital Customers by Types (Million) # of Total Active Digital Customers(a) 3% 6.3 6.4 6.3 6.4 6.5 # of active digital banking customers increased 3% YoY and reached 6.5 million Dec-23 Mar-24 Jun-24 Sep-24 Dec-24 Digital Transactions

  18. Slide 18: Branch Network – Human Resources

    2024 Earnings Presentation Branch Network – Human Resources Loans and Deposits per Branch (TRY million) Breakdown of Banking Transactions (%) Loans/Branches Deposits/Branches ATM 12% Automatic Payment 3% Call Center 5% Branch 2% 2,147.4 2,197.2 1,988.6 Internet Banking 4% 1,745.4 1,822.3 Mobile 1,21

  19. Slide 19: Annex

    2024 Earnings Presentation Annex TRY Market Banking Halkbank Million Share (%) Sector Metrics(b) 2023 2024 Total Assets 3,008,250 9.2 Loan Growth (YtD, %) 54.0 37.5 Loans (a) 1,373,373 8.6 Deposit Growth (YtD, %)(c) 67.0 27.5 TRY Loans 1,106,068 10.0 LDR (%) 76.8 82.9 FC Loans 357,305 6.0 NPL (%) 1.

  20. Slide 20: Balance Sheet

    2024 Earnings Presentation Balance Sheet QoQ YoY In TRY million 2023 Sep-24 2024 Change % Change % Cash and Balances Held with the Central Bank(a) 273,730 579,183 623,117 7.6 127.6 Banks & Money Market(b) 15,824 20,144 26,970 33.9 70.4 Securities(b) 584,393 735,807 783,143 6.4 34.0 Net Loans(b) 1,22

  21. Slide 21: Income Statement

    2024 Earnings Presentation Income Statement YoY QoQ YoY Change Change Change In TRY million 2023 2024 % Q4-23 Q1-24 Q2-24 Q3-24 Q4-24 % % Interest Income 304,991 665,005 118.0 116,707 136,020 161,286 178,627 189,072 5.8 62.0 On Loans 189,559 435,454 129.7 75,515 89,965 106,722 115,382 123,385 6.9 63

  22. Slide 22: Notes

    2024 Earnings Presentation Notes Investor Relations 21 www.halkbank.com.tr

  23. Slide 23: Notes

    2024 Earnings Presentation Notes Investor Relations 22 www.halkbank.com.tr

  24. Slide 24: For further information please contact

    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. — Q4 2024 Earnings Presentation on 6ix