Turkey · Delayed Price · Currency is TRY Türkiye Halk Bankasi A.S. Earnings Call Transcripts
Fiscal Year 2025
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Q4 2025 saw strong asset and income growth, improved asset quality, and robust capital buffers. Outlook for 2026 includes high loan growth, NIM above 4%, and stable asset quality, supported by easing financial conditions and prudent risk management.
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Strong quarterly results driven by core banking, securities growth, and disciplined cost management. Net income surged 64% quarter-on-quarter, with robust asset and deposit growth, while asset quality remained under close watch amid rising NPLs.
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Core banking revenue and total assets grew strongly, driven by securities and corporate lending, despite higher NPL inflows and funding costs. Capital ratios improved after a $700M AT1 issuance, and the bank expects further margin expansion as rate cuts continue.
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Q1 2025 saw robust asset and income growth, with net income up 81.4% quarterly and ROE rising to high teens. Asset quality faced some pressure from tighter monetary policy, but strong capital and funding positions, plus new capital initiatives, support a positive outlook.
Fiscal Year 2024
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Solid asset and income growth in 2024, with net income up 31% sequentially and NIM recovery underway. 2025 guidance targets mid-20s loan growth, 4%+ NIM, 90% fee growth, and ROE in the mid-20s, supported by capital strengthening and digital initiatives.
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Solid asset and revenue growth offset by a sequential net income decline and rising NPLs. Management expects 2025 earnings momentum from a TL-focused balance sheet and anticipated rate cuts, with strong capital buffers and regulatory support in place.