Turkiye Halk Bankasi Anonim Sirketi · BIST:HALKB
Turkiye Halk Bankasi Anonim Sirketi — Türkiye Halk Bankası A.Ş. — H1 2012 Earnings Presentation
26 slides from Turkiye Halk Bankasi Anonim Sirketi's earnings presentation, 2012
Slide 1: H1 2012 Earnings Presentation
H1 2012 Earnings Presentation BRSA Bank Only
Slide 2: Macro Outlook
H1 2012 Earnings Presentation Macro Outlook > Q1 GDP growth at 3.2%, mostly backed by net exports. > Budget deficit was TRY 6.7 billion in H1 12, one third of Latest GDP figure is supportive of the soft landing the government year-end forecast. (2012E Budget scenario. Deficit /GDP 1.5%). > Moody’s u
Slide 3: Banking Sector Outlook
H1 2012 Earnings Presentation Banking Sector Outlook > Loan book has grown 7.9% YtD, main driver being TRY > Total deposit increased 4.0% YtD. TRY deposit up 2.5% loans with 11.3% YtD increase. FX loans in USD terms while FX deposit up 11.6% YtD in USD terms. increased 4.4% YtD. > Nominal NPL figure
Slide 4: H1 2012 Highlights: Strong Fundamentals & Sustainable Profitability
H1 2012 Earnings Presentation H1 2012 Highlights Strong Fundamentals & Sustainable Profitability > Quarterly the best Net Income performance ever TRY 709 > Demand deposits up 14.3% YtD, constitutes 15.2% of mn total deposits > Bottom line up 30.3% QoQ and 38.4% compared to Q2 11 > Solid asset qualit
Slide 5: Low cost borrowing diversifying the funding base
H1 2012 Earnings Presentation Low cost borrowing diversifying the funding base 5 Years USD 750 Mn Eurobond 100% Rolled over TRY Local Bond > 9x over-subscribed, 4.5 bn orderbook > TRY 750 Mn Bond Issuance > 260 Investors participated > Bond yield eased 200 bps to 9% Geographic distribution of invest
Slide 6: Net Income – Profitability Ratios
H1 2012 Earnings Presentation Net Income – Profitability Ratios Net Income (TRY million) 38.4% 20.8% 30.3% 1,253 709 1,037 Quarterly 544 the best 512 504 504 performance in net income Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 H1-11 H1-12 ROE (%) ROA (%) YtD Quarterly YtD Quarterly 28.3 2.9 27.4 26.2 2.6 2.4 25.
Slide 7: Asset Growth
H1 2012 Earnings Presentation Asset size over TRY 100 billion Asset Mix (%) Asset Growth IEA Loans YoY 18.0% QoQ 6.8% 84.5% Securities Other Assets Total Asset Growth (TRY billion) Composition of IEAs(a) 18.0% 85.2% 87.5% 86.7% 84.5% 10.8% 6.8% 101.0 91.1 94.5 59.9% FX 26.8% 28.6% 27.3% 26.5% 60.3%
Slide 8: Securities portfolio with balanced interest structure
H1 2012 Earnings Presentation Securities portfolio with balanced interest structure Total Securities Portfolio (TRY billion) Interest Structure (%) CPI Linkers / Total Securities (%) 21.0 19.0 18.0 13.0 24.4 24.4 23.3 4.2 17% 3.8 16% 21.4 3.7 16% FRN Fixed 53% 47% FX 3.1 14% TRY 18.3 86% 19.6 84% 20
Slide 9: Loan growth gathering pace in Q2, 4.8% QoQ increase
H1 2012 Earnings Presentation Loan growth gathering pace in Q2, 4.8% QoQ increase (TRY billion)(a) Total Loans HALKBANK B. Sector (b) 7.6% YtD YtD 7.6% 7.9% 4.8% QoQ QoQ 59.4 Fund Loans 4.8% 5.5% 56.7 54.2 55.2 1.3 up 0.2% YtD 1.3 6.5 50.8 1.3 1.3 up 1.4% QoQ TRY Loans 1.2 5.2 5.5 6.1 Cooperative Lo
Slide 10: Well balanced customer segmentation
H1 2012 Earnings Presentation Well balanced customer segmentation Loans by Currency (TRY billion)(a) Loans by Types Funds 2% 15.2 17.4 17.0 17.0 FX 30.0% Cooperatives 11% 31.6% 29.9% 28.6% 35.6 37.8 39.8 42.4 TRY Commercial 59% 70.0% 68.4% 70.1% 71.4% Retail 28% Jun-11 2011 Mar-12 Jun-12 Market Shar
Slide 11: Retail Loans driven mostly by housing loans
H1 2012 Earnings Presentation Retail Loans driven mostly by housing loans (TRY billion)(a) 9.7% HALKBANK 6.5% YtD 16.4 9.7% 15.0 15.4 QoQ 14.6 Consumer Loans 13.9 8.8 9.2 up 7.8% YtD 6.5% 8.4 8.6 8.1 up 4.6% QoQ Share in total 56.3% B. SECTOR(b) YtD 8.3% QoQ Housing Loans 5.4% up 11.0% YtD up 8.8% Q
Slide 12: NPL ratio flat at 2.8% with no write-off and sell-off
H1 2012 Earnings Presentation NPL ratio flat at 2.8% with no write-off and sell-off NPL Portfolio (TRY million) New NPLs by Segment (TRY million) 1,682 1,732 1,655 1,637 1,669 3 1,732 21 18 13 1,669 8 Since 2002 537 528 514 511 508 Legacy NPLs 2001 and before Corporate Commercial SME Retail Other Ju
Slide 13: Solid asset quality in all segments compared to industry
H1 2012 Earnings Presentation Solid asset quality in all segments compared to industry Halkbank NPL Sector NPL (a,b) Corporate - Commercial (%)(a) Consumer Loans (%)(b) 2.8 2.8 2.8 2.0 2.0 2.6 2.6 1.8 1.8 1.8 1.2 1.2 1.3 1.5 1.0 1.1 1.3 1.4 1.4 1.3 Jun-11 Sep-11 2011 Mar-12 Jun-12 Jun-11 Sep-11 2011
Slide 14: CoR at 54 bps, better than expected normalisation levels
H1 2012 Earnings Presentation CoR at 54 bps, better than expected normalisation levels Loans under Close Watch (TRY million) NPL Coverage (%) Loans Under Close Watch/Total Loans (%) 98.1 95.6 95.8 (a) 1.6 1.4 1.4 86.0 85.8 1.2 868 84.0 84.0 84.0 84.2 83.9 813 832 649 Jun-11 2011 Mar-12 Jun-12 Jun-11
Slide 15: L/D ratio of 77.3%, one of the lowest in the sector
H1 2012 Earnings Presentation L/D ratio of 77.3%, one of the lowest in the sector Loan to Deposit (%) Liabilities Mix (%) Halkbank L/D Sector L/D(b) IBL Deposits Funds Borrowed Other Liabilities Shareholder’s Equity 94.1 98.2 100.4 103.5 84.9%(a) Interbank Money Market 88.5 84.9 81.8 77.3 Jun-11 201
Slide 16: 17.9% YtD growth in deposit
H1 2012 Earnings Presentation 17.9% YtD growth in deposit HALKBANK B. Sector (b) FX Dep. YtD 26.4% 6.7% HALKBANK B. Sector (b) HALKBANK B. Sector (b) QoQ 5.2% 5.0% Total Dep. YtD 17.9% 4.0% TRY Dep. YtD 13.7% 2.5% in USD YtD 32.2% 11.6% QoQ 10.8% 3.5% QoQ 14.2% 2.7% terms QoQ 3.7% 3.5% Total Deposit
Slide 17: Well managed funding cost; TRY deposit cost eased 10 bps
H1 2012 Earnings Presentation Well managed funding cost; TRY deposit cost eased 10 bps Demand Deposit (TRY billion)(a) Time Deposits (TRY billion)(a) Deposits by Currency (%)(a) Demand Deposits/Total Deposits (%) Time Deposits/Total Deposits (%) 15.7 77.8 14.9 15.2 75.3 74.0 74.1 FX TRY 14.3 36% 64%
Slide 18: Cost-Yield-Spread - Quarterly
H1 2012 Earnings Presentation Cost-Yield-Spread(a) - Quarterly Cost of Deposits (%) Spreads (%) On Securities On Loans 5.5 5.8 5.5 6.2 5.2 5.4 5.7 5.7 5.3 5.0 5.7 4.5 4.6 4.0 3.0 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Yield on Loans (%)(b) Yield on Securities (%) 11.5 11.7 11.2
Slide 19: NIM at 5.4% thanks to widening loan yields and efficient cost control
H1 2012 Earnings Presentation NIM at 5.4% thanks to widening loan yields and efficient cost control Interest Expenses Net Interest Income (TRY million) Interest Income Breakdown of Interest Income 49.3% 73% on Loans 1,032 1,181 1,102 791 846 1,697 1,866 2,166 2,170 2,302 906 1,020 1,064 1,138 1,121
Slide 20: Stellar performance in net fees & commissions income
H1 2012 Earnings Presentation Stellar performance in net fees & commissions income Net Fees & Commissions Income (TRY million) 48.3% 26.6% 67.8% 430 269 340 182 195 193 161 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 H1-11 H1-12 Breakdown of Fees & Commissions Net Fees & Commissions / Operating Revenues (%) Money
Slide 21: One of the best efficiency ratios in the sector
H1 2012 Earnings Presentation One of the best efficiency ratios in the sector Operating Expenses (TRY million) OPEX / Average Assets (%) 17.5% 15.1% 7.5% 965 500 839 2.1 2.0 2.0 2.1 1.9 433 453 465 425 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 H1-11 H1-12 Q2-11 Q3-11 Q4-11 Q1-12 Q2-12 Cost/Income (%) Breakdown
Slide 22: Solvency Ratios
H1 2012 Earnings Presentation Solvency Ratios Expected Basel II impact on CAR ~-70bps Capital Ratios (%) Details on Capital Ratios CAR Tier 1 Ratio (TRY mn) Jun-12 2011 Tier I Capital 9,918 8,999 15.0 14.7 14.5 Tier II and Deductions 990 354 14.5 14.3 Total Regulatory Capital 10,907 9,353 14.3 13.8
Slide 23: Branch Network – Human Resources
H1 2012 Earnings Presentation Branch Network – Human Resources Total Loans & Deposits per Branches (TRY million) Cash & Non-Cash Loans per Branches Deposit per Branches 100.9 > Branch network has been strengthened 98.7 96.7 with 8 new branches opened in the Q2 99.4 12. The total figure climbs up to
Slide 24: Balance Sheet
H1 2012 Earnings Presentation Balance Sheet QoQ YtD YoY In TRY million H1-11 2011 Q1-12 H1-12 Change % Change % Change % Cash and Balances Held with the Central Bank (a) 8,511 7,272 7,724 10,711 38.7 47.3 25.9 Banks & Money Market (b) 1,215 1,475 1,124 1,707 51.8 15.7 40.5 Securities (b) 21,390 23,3
Slide 25: Income Statement
H1 2012 Earnings Presentation Income Statement YoY QoQ In TRY million H1-11 H1-12 Change % Q4-11 Q1-12 Q2-12 Change % Interest Income 3,246 4,472 37.7 2,166 2,170 2,302 6.1 On Loans 2,337 3,240 38.6 1,514 1,564 1,676 7.2 On Securities 905 1,221 34.9 649 603 618 2.5 Interest Expense 1,721 2,259 31.2
Slide 26: 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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