Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. — Q3 2009 Earnings Presentation
23 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2009
Slide 1: Q3 2009 Earnings Presentation
Q3 2009 Earnings Presentation BRSA Bank Only
Slide 2: Nationwide coverage
Q3 2009 Earnings Presentation Nationwide coverage Halkbank continues to expand its extensive branch network with 28 new branch openings since the end of 2008. The total number of branches has reached 650. Halkbank’s 12,593 employees have high levels of professional knowledge and skills. Total Branch
Slide 3: On the way to recovery
Q3 2009 Earnings Presentation On the way to recovery > The Turkish economy contracted 7% in Q2 09. Q3 09 is likely to be the last of four consecutive quarters of contraction. We expect resumed growth in Q4 09 that will bring the net 12-month contraction in 2009 to 5%. > 12-month trailing CPI reporte
Slide 4: September 2009 Highlights
Q3 2009 Earnings Presentation September 2009 Highlights Superior growth in line with sustainable profitability > Assets up 12% YtD with a remarkable ROE of 33.4%. > Net profit of TRY 1,208 mn implies 32.7% YoY growth. > Cash loans up 18.1% YtD reaching TRY 30.5 bn. > Total deposits up 9% YoY reachin
Slide 5: Asset growth up 12% YtD and 20% YoY
Q3 2009 Earnings Presentation Asset growth up 12% YtD and 20% YoY ASSET GROWTH IEA (a) Asset Mix (%) YTD 12.0% QoQ 2.8% 93.7% Loans Securities Other Assets Total Asset Growth (TRY billion) Composition of IEAs 12.0% 2.8% 50.6% 51.8% 51.2% 53.3% 57.2 93.9% 94.0% 93.9% 93.7% 55.7 52.6 51.1 FX 26.9% 26.
Slide 6: Diversified sources help reduce overall funding costs: L/D still at comfortable level
Q3 2009 Earnings Presentation Diversified sources help reduce overall funding costs: L/D still at comfortable level Loan to Deposit (%) Composition of IBLs (a) Liabilities Mix (%) Total L/D Deposits Other Liabilities Funds Borrowed Shareholder’s Equity Interbank Money Market 74.5 86.5% 85.7% 85.7% 8
Slide 7: Securities portfolio remains flat
Q3 2009 Earnings Presentation Securities portfolio remains flat Total Securities Portfolio (a) (TRY billion) Total Securities Composition HTM AFS Trading 20.3 20.3 19.5 0.6% 0.5% 0.2% 0.3% 18.3 4.1 4.3 12.9% 4.3 17.9% 20.2% 19.3% 3.8 20% 21% 22% FX 20% 14.5 15.2 16.2 16.0 TRY 80% 78% 80% 79% 86.5% 8
Slide 8: FRN-heavy portfolio shields against interest rate risks
Q3 2009 Earnings Presentation FRN-heavy portfolio shields against interest rate risks Total Securities Portfolio (a) (%) FX Securities Portfolio (a) (%) FIX 33 35 36 35 FIX 79 80 89 90 FRN 67 65 64 65 FRN 21 20 11 10 2008 Mar-09 Jun-09 Sep-09 2008 Mar-09 Jun-09 Sep-09 TRY Securities Portfolio (a) (%
Slide 9: Strong, unmatched loan growth
Q3 2009 Earnings Presentation Strong, unmatched loan growth (TRY billion) (a) 18.6% YTD Change (%) 29.7 TOTAL LOANS 7.5% Fund Loans 27.6 1.1 26.3 up by 0.3% HALKBANK SECTOR (b) 25.0 1.1 3.3 1.1 Cooperative Loans YTD 18.6% YTD 2.1% 1.1 3.5 up by 7.4% 3.3 3.1 6.3 5.9 Retail Loans TRY LOANS 5.5 5.5 up
Slide 10: Retail loans outpacing sector growth are driven by consumer lending
Q3 2009 Earnings Presentation Retail loans outpacing sector growth are driven by consumer lending (TRY million) (a) 15.5% HALKBANK 6.9% 6,332 5,923 YTD 15.5% 5,485 5,459 YTD Change (%) 3,766 SECTOR 3,494 Consumer Loans up by 22.3% Share in total 59.5% YTD 4.5% (b) 3,114 3,080 2,054 Housing Loans up
Slide 11: TRY-dominated, SME-heavy loan portfolio
Q3 2009 Earnings Presentation TRY-dominated, SME-heavy loan portfolio Loans by Currency (a) (TRY million) Loans By Types (%) (Sep-09) Funds 4% Commercial 64% FX 6,540 7,304 7,301 8,291 27.9% Cooperatives 11% Retail 21% TRY 18,506 18,966 20,336 21,415 72.1% Loans By Customer Segmentation (%) (Sep-09)
Slide 12: Well-retained asset quality combined with loan growth results in NPL ratio stabilization
Q3 2009 Earnings Presentation Well-retained asset quality combined with loan growth results in NPL ratio stabilization NPL Portfolio (TRY million) NPL Coverage (%) Halkbank Sector (a) 1,586 80.1 81.1 80.2 1,422 1,502 79.0 1,251 2008 Mar-09 Jun-09 Sep-09 Jun-09 Sep-09 NPL/Total Loans (%) Loan Loss Pr
Slide 13: NPL ratio below the sector average without any write-off or sell-offs
Q3 2009 Earnings Presentation NPL ratio below the sector average without any write-off or sell-offs Halkbank Sector (a,b) NPL/Total Loans (a) (%) Consumer Loans (b) (%) 5.2 5.1 5.0 5.1 4.7 4.3 5.0 3.7 4.3 4.7 2.7 2.5 2.6 4.3 2.2 2.3 3.6 1.6 3.1 1.2 Sep-08 2008 Mar-09 Jun-09 Sep-09 Sep-08 2008 Mar-09
Slide 14: Cost-conscious strategy and defensive stance keep deposits flat
Q3 2009 Earnings Presentation Cost-conscious strategy and defensive stance keep deposits flat TRY Deposits by Types (a) (TRY billion) Total Deposits by Currency (a) (TRY billion) Other Institutions Public Sector Interbank Commercial Savings TOTAL DEPOSITS 39.9 40.7 40.8 27.7 39.5 HALKBANK SECTOR (b)
Slide 15: Cost-Yield-Spread
Q3 2009 Earnings Presentation Cost-Yield-Spread (a) Cost of Deposits (%) Spreads (%) On Securities On Loans 8.0 7.9 7.7 12.8 12.2 10.5 5.7 5.8 8.1 7.2 4.5 4.4 4.1 4.0 3.6 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Yield on Loans (b) (%) Yield on Securities (%) 18.6 17.3 17.9 18.1 15
Slide 16: NII up 41.0% YoY and 1.9% QoQ
Q3 2009 Earnings Presentation NII up 41.0% YoY and 1.9% QoQ Net Interest Income (TRY million) Breakdown of Interest Income (Sep-09) 49.2% 41.0% 62% on Loans 1.9% 2,231 1,582 769 784 525 544 678 36% on Securities Other 2% Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Sep-08 Sep-09 Interest Income (TRY million) On Se
Slide 17: Net fees & commissions income generation up 16.2% YoY
Q3 2009 Earnings Presentation Net fees & commissions income generation up 16.2% YoY Net Fees & Commissions Income (TRY million) 10.4% 16.2% Due to the strong rise in total operating -2.9% revenues, the share of net fees and 327 commissions income in total income 281 remains almost flat. 100 102 114
Slide 18: OPEX figures compatible with organic growth
Q3 2009 Earnings Presentation OPEX figures compatible with organic growth Operating Expenses (TRY million) Operating Expenses/Average Assets (%) 16.6% 20.7% 4.7% 873 2.2 2.2 2.1 2.1 2.2 723 294 308 264 279 272 Q3-08 Q4-08 Q1-09 Q2-09 Q3-09 Sep-08 Sep-09 Sep-08 2008 Mar-09 Jun-09 Sep-09 Cost/Income (
Slide 19: Key Ratios
Q3 2009 Earnings Presentation Key Ratios ROE (a) (%) ROA (a) (%) 33.0 34.6 33.4 3.0 3.0 2.8 2.9 28.0 23.5 2.2 Sep-08 2008 Mar-09 Jun-09 Sep-09 Sep-08 2008 Mar-09 Jun-09 Sep-09 NIM (%) Annualized Quarterly CAR (%) 6.1 5.9 15.1 5.7 14.9 14.9 14.7 5.9 5.9 14.5 5.7 5.1 4.9 4.8 4.7 Sep-08 2008 Mar-09 Jun
Slide 20: Appendix
Q3 2009 Earnings Presentation Appendix Financial Institutions and Investor Relations 19 www.halkbank.com.tr
Slide 21: Balance Sheet
Q3 2009 Earnings Presentation Balance Sheet YTD YoY In TRY million Sep-08 2008 Sep-09 Change (%) Change (%) Cash and Balances Held with the Central Bank (a) 3,008 3,009 3,318 10.3 10.3 Banks & Money Market (b) 479 2,119 851 (59.9) 77.5 Securities (b) 18,084 18,334 20,280 10.6 12.1 Net Loans (b) 24,3
Slide 22: Income Statement
Q3 2009 Earnings Presentation Income Statement In TRY million Sep-08 Sep-09 YoY (%) Q4-08 Q1-09 Q2-09 Q3-09 QoQ (%) Interest Income 4,863 5,191 6.7 1,930 1,830 1,697 1,664 (1.9) On Loans 2,673 3,191 19.4 1,101 1,102 1,036 1,054 1.7 On Securities 2,010 1,880 (6.5) 765 678 622 579 (7.0) Interest Expen
Slide 23: 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 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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