Turkiye Halk Bankasi AS (IST:HALKB)

Q3 2024 Turkiye Halk Bankasi AS Earnings Call Transcript

Nov 13, 2024 / 10:59 AM GMT

Release Date Price: ₺15.85 (+1.73%)

Transcript

Key Points

Positve

Turkiye Halk Bankasi AS (IST:HALKB) reported a 30.8% year-over-year increase in total assets, reaching 2.9 trillion liras in the third quarter.
The bank's securities portfolio expanded by 12.7% quarter-on-quarter, contributing to asset growth.
Net fees and commissions grew by 12.9% quarterly and 172% year-on-year, outpacing inflation.
The bank's loan-to-deposit ratio decreased to 61.2%, indicating a strong deposit base.
Turkiye Halk Bankasi AS (IST:HALKB) maintained a prudent approach to provisioning, with an NPL coverage ratio of 62.4% in line with the sector average.

Negative

The bank's loan share in total assets decreased to 48.8% due to weaker loan growth.
NPL ratio deteriorated to 2% from 1.5% in the previous quarter, with no NPL sales.
Net income decreased by 14% quarterly, resulting in a return on equity (ROE) of 11.3%.
The bank's stage two ratio increased slightly to 7.5%, indicating potential credit risk.
FX deposits contracted by 1.4% quarter-on-quarter, reflecting ongoing de-dollarization.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

HALKB.IS - Turkiye Halk Bankasi AS
Q3 2024 Turkiye Halk Bankasi AS Earnings Call
Nov 13, 2024 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Welcome and thank you all for joining our third quarter earning call.

I hope you are all well. This is Miraj Ta speaking group, head of International Banking. I have with me, Mr Moran Bakara, head of Investor relations, as well as our manager, Kar Ai. I'm very delighted to be back and honored to take the leadership of our international Banking group. As we celebrate our 86th foundation year, we are broadly serving our customers supporting our real sector, creating value for our SMES and contributing to the development of the turkish economy in line with our mission Hot bank with its outstanding achievements stands out as the fourth largest bank in terms of asset size in two years. We are aware that recently geopolitical

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