Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB

Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. (Halkbank) — Q1 2009 Earnings Presentation

22 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2009

  1. Slide 1: Q1 2009 Earnings Presentation

    Q1 2009 Earnings Presentation BRSA Bank Only

  2. Slide 2: Halkbank: Q1 2009 Highlights

    Q1 2009 Earnings Presentation Halkbank: Q1 2009 Highlights Profitable growth is the top priority > The bank achieved 18.1% asset growth YoY while having a very high RoE of 33%. > Net profit grew by 237% QoQ and 21% YoY, reached TRY 365 mn. Solid and sound funding base > Main source of funds for lend

  3. Slide 3: Loans have crossed the half while assets have grown by 18.1%

    Q1 2009 Earnings Presentation Loans have crossed the half while the assets have grown by 18.1%. ASSET GROWTH IEA Asset Mix (%) YoY 18.1% YTD 2.9% 94.0% Loans Securities Other Assets Total Asset Growth (TRY billion) Composition of IEAs (a) 18.1% 2.9% 46.5% 50.6% 51.8% 51.1 52.6 94.0% 93.9% 94.0% 44.5

  4. Slide 4: Deposits are reliable source of funding and constitute substantial portion of liabilities

    Q1 2009 Earnings Presentation Deposits are reliable source of funding and constituting substantial portion of liabilities 75.7% of total liabilities are Composition of IBLs (a) Liabilities Mix (%) customer deposits; however, Deposits Other Liabilities share of money market funds Funds Borrowed Share

  5. Slide 5: Securities portfolio increased by 6.1% in light of the market conditions

    Q1 2009 Earnings Presentation Securities portfolio increased by 6.1% in light of the market conditions Total Securities Portfolio (TRY billion) Total Securities Composition HTM AFS Trading 19.5 18.3 3% 1% 0.5% 17.6 4.3 56% 13% 17.9% Total securities reached FX (a) 4.1 3.8 22% 20% TRY 19.5 bn; ongoin

  6. Slide 6: FRNs are still dominant as long as they offer higher yields

    Q1 2009 Earnings Presentation FRNs are still dominant as long as they offer higher yields Total Securities Portfolio (a) (%) FX Securities Portfolio (a) (%) FIX 29 29 32 33 35 FIX 66 63 71 79 80 FRN 71 71 68 67 65 FRN 34 37 29 21 20 Mar-08 Jun-08 Sep-08 2008 Mar-09 Mar-08 Jun-08 Sep-08 2008 Mar-09 T

  7. Slide 7: Loan book grows in line with full year target

    Q1 2009 Earnings Presentation Loan book grows in line with full year target (TRY billion) (a) 29.7% 26.3 YTD Change (%) 25.0 TOTAL LOANS 4.9% 1.1 Fund Loans 1.1 down by -1.7% HALKBANK SECTOR (b) 3.3 Cooperative Loans YTD 4.9% YTD -0.2% 20.3 3.1 up by 7.5% 17.8 1.0 5.5 2.9 5.5 Retail Loans TRY LOANS

  8. Slide 8: Retail loans were almost flat due to weak demand

    Q1 2009 Earnings Presentation Retail loans were almost flat due to weak demand (TRY million) (a) 18.3% 5,485 5,459 HALKBANK YTD -0.5% 4,615 YTD Change (%) 4,118 3,114 SECTOR 3,080 Consumer Loans up by 1.1% Share in total 57.0% YTD -1.3% (b) 2,308 2,104 1,927 1,961 1,894 Housing Loans decrease by -3.

  9. Slide 9: FX loans are increasing consistently - Commercial loans have the lion's share

    Q1 2009 Earnings Presentation FX loans are increasing consistently - Commercial loans have the lion’s share Loans by Currency (a) (TRY million) Loans By Types (%) (Q1-09) Funds 4% Commercial 62% Cooperatives 4,183 6,540 7,304 27.8% 13% FX FX FX Retail 21% 16,069 18,506 18,966 72.2% TRY TRY TRY Loan

  10. Slide 10: Relatively low concentration on recession hit sectors

    Q1 2009 Earnings Presentation Relatively low concentration on recession hit sectors Halkbank Sectoral Diversification (%) (Q1-09) Sector (a) 22.4% 22.8% 21.2% 19.7% 17.2% 13.3% 7.4% 6.9% 6.7% 6.0% 4.5% 5.0% 4.7% 3.6% 3.9% 3.8% 3.7% 3.4% 3.2% 2.9% 2.7% 2.3% 2.6% 2.1% 2.0% 1.9% 1.1% 1.0% 0.5% 1.2% 0.3

  11. Slide 11: NPLs and LLPs increased as expected

    Q1 2009 Earnings Presentation NPLs and LLPs increased as expected NPL Portfolio (TRY million) NPL Coverage (%) Halkbank Sector (a) 1,422 82.9 79.7 1,251 78.0 78.0 1,077 Q1-08 2008 Q1-09 2008 Q1-09 NPL/Total Loans (%) Loan Loss Provisions/Average Net Loans (%) 5.0 5.0 1.8 4.7 1.1 0.9 Q1-08 2008 Q1-09

  12. Slide 12: Relatively better performance of SME loans helps limit asset quality deterioration

    Q1 2009 Earnings Presentation Relatively better performance of SME loans helps limit asset quality deterioration Halkbank Sector (a,b) NPL/Total Loans (a) (%) Consumer Loans (b) (%) 5.0 5.0 3.7 4.7 4.4 4.3 4.3 2.7 2.2 2.3 1.9 2.0 3.6 1.6 1.1 1.2 0.9 3.1 3.1 3.1 Mar-08 Jun-08 Sep-08 2008 Mar-09 Mar-0

  13. Slide 13: Rate sensitive deposits are substituted with less costly ones and repos

    Q1 2009 Earnings Presentation Rate sensitive deposits are substituted with less costly ones and repos TRY Deposits by Types (a) (TRY billion) Total Deposits by Currency (a) (TRY billion) Other Institutions Interbank Public Sector Savings 39.9 39.5 TOTAL DEPOSITS Commercial 26.7 26.5 HALKBANK SECTOR

  14. Slide 14: Cost-Yield-Spread

    Q1 2009 Earnings Presentation Cost-Yield-Spread (a) Cost of Deposits (%) Spreads (%) On Securities On Loans 7.7 12.2 12.8 6.9 11.2 11.3 10.5 6.2 5.7 5.8 4.5 3.9 4.0 3.7 3.6 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Yield on Loans (b) (%) Yield on Securities (%) 18.6 17.3 18.1 17.5

  15. Slide 15: Lower security yields offset by recurring income from loans

    Q1 2009 Earnings Presentation Lower security yields offset by recurring income from loans. Net Interest Income (TRY million) Breakdown of Net Interest Income (Q1-09) 24.6% 60% on Loans 678 525 532 525 544 37% on Securities Other 3% Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Interest Income (TRY million) On Secur

  16. Slide 16: Promising fees & commissions income generation

    Q1 2009 Earnings Presentation Promising fees & commissions income generation Net Fee & Commission Income (TRY million) 102 Although net fees and commissions income 100 89 92 89 increased by 14.9% QoQ, the strong rise in NII caused to decrease the share of net fees and commissions in total. Q1-08 Q2-

  17. Slide 17: All quiet on the Opex front

    Q1 2009 Earnings Presentation All quite on the Opex front Operating Expenses (TRY million) Operating Expenses/Average Assets (%) -2.6% 279 2.2 2.1 264 272 2.0 246 214 Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 Q1-08 2008 Q1-09 Cost/Income (%) Breakdown of Operating Expenses (Q1-09) Other 16% 37.6 5% Credit Cards

  18. Slide 18: Key Ratios

    Q1 2009 Earnings Presentation Key Ratios ROE (%) ROA (%) 2.8 2.9 33.0 27.0 2.2 23.5 Q1-08 2008 Q1-09 Q1-08 2008 Q1-09 NIM (%) CAR (%) 17.1 5.7 5.3 14.5 14.9 4.9 Q1-08 2008 Q1-09 Q1-08 2008 Q1-09 Financial Institutions and Investor Relations 17 www.halkbank.com.tr

  19. Slide 19: Appendix

    Q1 2009 Earnings Presentation Appendix Financial Institutions and Investor Relations 18 www.halkbank.com.tr

  20. Slide 20: Balance Sheet

    Q1 2009 Earnings Presentation Balance Sheet YTD YoY In TRY million Q1-08 2008 Q1-09 Change (%) Change (%) Cash and Balances Held with Central Bank (a) 2,856 3,009 2,990 1 5 Banks & Money Market 1,896 2,119 1,050 (51) (45) Securities (b) 17,612 18,334 19,451 6 10 Net Loans (b) 20,676 25,836 27,205 5

  21. Slide 21: Income Statement

    Q1 2009 Earnings Presentation Income Statement In TRY million Q1-08 Q2-08 Q3-08 Q4-08 Q1-09 QoQ (%) YoY (%) Interest Income 1,511 1,613 1,739 1,930 1,830 (5) 21 On Loans 827 881 965 1,101 1,102 0 33 On Securities 622 673 715 765 678 (11) 9 Interest Expense 986 1,081 1,214 1,386 1,151 (17) 17 On Depo

  22. Slide 22: 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 Bankas› 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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