Turkiye Garanti Bankasi A.S. (TKGBF) Q3 2024 Earnings Call Transcript Summary
Turkiye Garanti Bankasi A.S. (TKGBF) Q3 2024 Earnings Call Transcript Summary
Core banking revenues grew by 58% year over year. Net fees and commissions grew by 18% quarterly and 2.5 times cumulatively year over year.The following is a summary of the Turkiye Garanti Bankasi A.S. (TKGBF) Q3 2024 Earnings Call Transcript:
以下是土耳其擔保銀行(adr)2024年第三季度業績會交流摘要：
Financial Performance:
金融業績：
Garanti Bank reported a third quarter net income of ₺22.4 billion, culminating in a nine-month net income of ₺67 billion, representing a year-on-year growth of 27% when adjusted for last year's provision reversal.
The bank achieved a return on average assets of 3.5% and a return on average equity of 33%, maintaining highest performance metrics in the sector.
Core banking revenues grew by 58% year over year. Net fees and commissions grew by 18% quarterly and 2.5 times cumulatively year over year.
Increase in provisions reached ₺76.5 billion, the highest among private banks, translating into a total cash coverage of 4.5%.
Net interest income including swap costs for the quarter was ₺25 billion, with core net interest income increasing to ₺12.2 billion despite tightened macroprudential measures.
Garanti Bank報告第三季度淨利潤爲224億里拉，累計九個月淨利潤達到670億里拉，在調整去年的撥備撤銷後，同比增長27%。
銀行的平均資產回報率達到3.5％，平均淨資產回報率爲33％，保持了行業內最高的績效指標。
核心銀行業務收入同比增長58％，淨費用和佣金季度增長18％，年度累計增長2.5倍。
撥備增加至765億里拉，位居私人銀行之首，對應總現金覆蓋率爲4.5％。
包括本季度掉期成本在內的淨利息收入爲250億里拉，核心淨利息收入增至122億里拉，儘管宏觀審慎措施收緊。
Business Progress:
業務進展：
The bank has sustained robust growth in net fees and commissions, led by its payment systems business.
Continued investment in digital capabilities has increased the number of digital active customers to 16.3 million, encompassing 89% of total sales.
Garanti has maintained market leadership in Turkish Lira loans and deposits, achieving significant growth in preferred lending areas such as investment, export, and earthquake-affected area loans.
銀行的支付系統業務帶動了淨手續費和佣金堅實增長。
持續投資數字能力將數字活躍客戶數量增加至1630萬，佔總銷售額的89%。
土耳其擔保銀行(adr)在土耳其里拉貸款和存款方面保持市場領先地位，在投資、出口和受地震影響區域貸款等優選領域實現了顯著增長。
Opportunities:
機會：
The bank anticipates further improvement in net fees and commissions and core net interest margins in the upcoming quarters, fueled by a dynamic payment systems business and favorable regulatory environments regarding inflation and interest rates.
銀行預計在未來幾個季度中，淨手續費和佣金以及核心淨利率邊際將進一步改善，這得益於充滿活力的支付系統業務和有利於通貨膨脹和利率期貨的監管環境。
Risks:
風險：
Increase in consumer loan and credit card NPL inflows, suggesting potential deteriorations in asset quality.
Anticipated higher cost of risk in 2025 expected to reach between 200 bps to 250 bps, primarily driven by consumer loans.
消費者貸款和信用卡不良貸款流入增加，暗示資產質量可能惡化。
預計2025年風險成本增加，預計達到200至250個點子，主要由消費者貸款推動。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
