Turkiye Halk Bankasi AS (IST:HALKB)

Q4 2024 Turkiye Halk Bankasi AS Earnings Call Transcript

Feb 25, 2025 / 10:59 AM GMT

Release Date Price: ₺19.14 (+0.53%)

Transcript

Key Points

Positve

Turkiye Halk Bankasi AS (IST:HALKB) reported a solid financial performance with total assets increasing by 37% year over year.
The bank successfully issued TRY26 billion in Tier 2 bonds to raise capital, strengthening its capital buffers.
Digital transformation and green energy initiatives have improved productivity and align with sustainability goals.
Net interest income increased by 32% quarter on quarter due to efficient loan repricing.
The bank anticipates a return on equity in the mid-twenties for 2025, indicating strong future profitability.

Negative

The share of loans in total assets decreased to 47.2%, reflecting limited loan demand.
Non-performing loan (NPL) inflows were significant, with a slight deterioration in the NPL ratio to 2.1%.
Stage two loan ratio increased to 8.4% from 7.5%, indicating potential credit quality concerns.
Loan growth was nearly flat, only up by 0.7% quarterly, with FX loans contracting by 7.1% in USD terms.
Operating expenses increased by 43% year over year, which is below inflation but still a significant rise.

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

HALKB.IS - Turkiye Halk Bankasi AS
Q4 2024 Turkiye Halk Bankasi AS Earnings Call
Feb 25, 2025 / NTS GMT

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Presentation
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Ladies and gentlemen, welcome to the Hulk Bank 4th quarter 2024 Financial Results webcast. Our speakers today are Mr. Mira Tash, the group head of international banking, Mr. Muharem Baikara, head of investor relations, and Mr. Kumar Okai Ashik, the IR manager at Hulk Bank. We will have a question and answer session following the presentation by the speakers. If you would like to submit your written questions. You can send them any time, even during the presentation, by clicking the Q&A button, which you will find there at the bottom of your Zoom screen.

If you would like to ask an audio question, you can join the call by clicking the raise hand button again at the bottom of the screen.

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