Turkey · Delayed Price · Currency is TRY Türkiye Halk Bankasi A.S. Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw robust asset and loan growth, with net income up 75% year-over-year and NIM above 4%. Asset quality remained resilient, and a 25% capital increase via public offering is planned following the dismissal of the U.S. case, enabling renewed international funding.
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Strong asset and loan growth drove a 35% year-over-year net income increase, with robust SME and retail lending, improved cost efficiency, and resilient capital ratios. Profitability is supported by CPI linkers, while funding diversification and capital strengthening remain priorities.
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 FX loan growth, despite higher NPL inflows and funding costs. Capital ratios improved after a $700M AT1 issuance, and further external funding is planned.
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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.