Q3 2025 Turkiye Halk Bankasi AS Earnings Call Transcript
Key Points
- Turkiye Halk Bankasi AS (IST:HALKB) reported a strong revenue growth driven by core banking activities, highlighting the sustainable nature of its profitability.
- The bank achieved healthy interest income growth, supported by strong fee generation and disciplined cost management.
- Total assets increased by 40.1% year-over-year, exceeding TRY4 trillion, with a significant contribution from the securities portfolio.
- The bank's loan portfolio saw expansion, particularly in FX loans, which grew by 6% above the sector average.
- Turkiye Halk Bankasi AS (IST:HALKB) maintained a strong deposit base, with total deposits up by 37.6% year-over-year, supporting its funding structure.
- The share of loans in the total asset mix declined to 43.7%, reflecting a cautious loan underwriting strategy.
- The bank experienced TRY10 billion in NPL inflows, primarily from the SME segment, leading to a deterioration in the NPL ratio to 3%.
- Despite efforts to optimize funding, the wholesale funding share within liabilities remains below the sector average at 5.4%.
- The bank's NPL ratio is above the sector average due to not selling or writing off non-performing loans.
- There was a slight contraction in net interest income on a quarterly basis due to normalizing CPI Linkers income.
Ladies and gentlemen, again, welcome to Halkbank's third-quarter, 2025 financial results. (Operator Instructions) Now, I will leave the floor to our host. Sir, the floor is yours.
Dear friends, good evening and welcome to our third quarter earnings call. This is Mr. Mirac Tas, Group Head of International Banking. I'm excited to be with you on another strong quarter. After my remarks, I will leave the floor to our Investor Relations Manager, Kamer Asik, who will go through the financial results, and our Head of Investor Relations, Mr. Muharrem Baykara, who will share his thought on the broader macro and operating environment.
Before moving on to financial, I would like to go through the overall performance, how we position ourselves on the upcoming quarters. During the quarter, core banking continues to be our main strength, delivering strong revenue growth and underlining the sustainable nature of bank profitability. We deliver the healthy interest income growth accompanied by
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