Yapi ve Kredi Bankasi : 30 June 2023 – 1H23 Earnings Presentation
July 24, 2023 at 11:04 am IST
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Yapı Kredi
1H23 EARNINGS PRESENTATION
24 July 2023
Well managed revenue performance, despite downward revision on linker valuation
Net Profit (TL bln)
Cumulative
Quarterly
+26%
24.1
11.8
+4
%
12.3
19.2
12.6 11.5
Normalized with linkers1
RoTE
RoA
1H22
1H23
1Q23
2Q23
36.8%
3.6%
Pre-provision Profit2
(TL bln)
Cumulative
Quarterly
Inf. Acc.
Mid-to-low teens
+19%
In-line with
guidance
27.1
32.3
1H22
1H23
+12%
17.1
Normalized with
1
15.2
linkers
16.3 15.9
1Q23 2Q23
Notes:
1. CPI reading: 1H23: 40%, 1Q23: 45%
- 2 -
2.PPP (Pre-Provision Profit): NII+ Fees + Opex + Net Trading + Subsidiary & Dividend income - ECL hedge - collections
Focus on further strengthening the fundamentals in a volatile environment
Enhanced liquidity
LDR1
TL
136%
91%
87%
96%
Total
81%
76%
1H22 1Q23 1H23
LCR2
~200%
~540%
recent
recent
Increase in T-1 Ratio despite macro back-drop
Tier-1w/o forbearance
14.6%
14.8%
15.0%
Capital Buffer
> 540bps
1H22
1Q23
1H23
Conservative Loan Loss Provisioning3
NPL Coverage
Total Coverage
148%
5.65% Adj. for NPL sale4
5.67%
5.42%
161%
522%
Total LCR
FC LCR
1Q23 1H23
Notes:
1.LDR= Loans / (Deposits + TL Bonds),
2. 3 months average
- 3 -
3.Based on Bank-only BRSA financials 4. NPL Sale amount: 1,756 million TL which was fully covered
Profitability focused TL lending with on-going deleveraging in FC loans
TL Performing Loans1 (TL bln)
55%
q/q
16%+6%
458
395
295
1H2220221H23
Best in class TL Loan Yield2 among Peers
Peer3
1Q23
Peer 2
Peer 1
Yapı Kredi
Yapı Kredi (2Q23)
Notes:
Loans exclude loans provided to financial institutions
Credit card related differences adjusted
Based on MIS data, Retail loans include individuals, SME and credit cards
FC Performing Loans1 (US$ bln)
-21%
-7%
12.0
10.8
10.1
8.8
9.5
8.1
Bank-only
Bank-only
Bank-only
1H22
2022
1H23
Loan Breakdown (FX adjusted3)
Retail Loans
Corporate & Commercial Loans
1H23
36%
64%
2022
59%
41%
2021
49%
51%
- 4 -
Persistent focus on small tickets further supports sticky deposit base
TL Customer Deposits (TL bln)
Customer Demand Deposits
Retail
Corporate & Commercial
153%
42%
537
377
212
68%
73%
68%
32%
27%
32%
1H22
2022
1H23
q/q
+13%
TL deposit share in total
>60%
since February
TL Demand
90%
13%
93
105
55
1H22
2022
1H23
Share of Demand
in Total
42%
+63 bps ytd
Market share1 gains via small ticket focus
FC Demand (USD bln)
TL Individual deposits Individual Demand Deposit
+96 bps
+47 bps
ytd
ytd
Share
in 54%
Total FC
10
60%
10
71%
11
10
1H22 2022 1H23
1. Market share among private banks as based on 27 June 2023 BRSA weekly sector data
- 5 -
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Disclaimer
Yapi ve Kredi Bankasi AS published this content on 24 July 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 24 July 2023 05:33:07 UTC.
Yapi ve Kredi Bankasi AS (the Bank) is a Turkey-based company that provides banking products and services. It operates through the following segments: Retail Banking, which offers card payment systems, consumer loans, commercial installment loans, small medium size enterprises (SME) loans, time and demand deposits, gold banking, investment accounts, life and non-life insurance products as well as payroll services; Corporate and Commercial Banking, which offers working capital finance, trade finance, project finance, domestic and international non-cash loans such as letters of credit and letters of guarantee, cash management and internet banking, as well as Private Banking and Wealth Management, which serves high net worth customers. The Bankâs operations are supported by domestic subsidiaries in asset management, brokerage, leasing and factoring as well as international banking subsidiaries in the Netherlands, Russia, Malta and Azerbaijan.
YAPI VE KREDI BANKASI 
