Yapi Ve Kredi Bankasi AS (IST:YKBNK)

Q4 2024 Yapi ve Kredi Bankasi AS Earnings Call and guidance call 2025 Transcript

Jan 31, 2025 / 10:59 AM GMT

Release Date Price: ₺30.72 (-3.94%)

Transcript

Key Points

Positve

Yapi Ve Kredi Bankasi AS (IST:YKBNK) reported a significant improvement in pre-provision profit, which increased by 82% quarter-on-quarter.
The bank achieved the highest improvement in TL loan to deposit and net interest margin among its peers.
The bank's fee coverage of operating expenses reached 96%, the highest level among peers.
Yapi Ve Kredi Bankasi AS (IST:YKBNK) maintained a strong demand deposit platform, with a 6% increase in Turkey's zero demand deposit base in the quarter.
The bank's net interest margin widened by 150 basis points quarter-on-quarter, indicating strong financial performance.

Negative

The impact of economic normalization is slow in the banking sector due to ongoing macroprudential measures.
The bank's comprehensive income was low in the quarter, with book value growth significantly lower than net income.
Yapi Ve Kredi Bankasi AS (IST:YKBNK) faces regulatory threats, particularly concerning merchant commissions.
The bank's local currency loan growth guidance is conservative compared to peers, reflecting cautious macro expectations.
The bank expects the cost of risk to be in the range of 150 to 175 basis points this year, indicating potential challenges in asset quality.

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

YKBNK.IS - Yapi ve Kredi Bankasi AS
Q4 2024 Yapi ve Kredi Bankasi AS Earnings Call and guidance call 2025
Jan 31, 2025 / NTS GMT

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Presentation
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Unidentified_1 [1]
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Ladies and gentlemen, thank you for standing by. I'm Constantinos, your course cooperator. Welcome. And thank you for joining the conference call and live webcast to present and discuss the 2024 financial results and 2025 guidance conference call and live webcast. At this time, I would like to turn the conference over to Mr Gka, CEO Mrus ce. So and Mh V head of Investor relations and Strategic analysis, Mr ar, you may now proceed.

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Unidentified_2 [2]
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Good afternoon and thank you all for joining our 24 earnings and 25 guidance

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