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  • Yapi Kredi-2022 Guidance

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    The document provides guidance on better than expected operating trends for 2022 compared to previous guidance. It is forecasting loan growth of around 65% for TL loans and a reduction in FC loans. Net interest margin is expected to be over 7.5%, an increase of over 100 basis points. Fee growth is projected to be over inflation with costs increasing around 90%, less than average inflation. Asset quality is expected to remain strong with a total cost of risk below 150 basis points. The return on tangible equity is forecast to be over 50%, a significant improvement from the previous guidance.

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    The document provides guidance on better than expected operating trends for 2022 compared to previous guidance. It is forecasting loan growth of around 65% for TL loans and a reduction in FC loans. Net interest margin is expected to be over 7.5%, an increase of over 100 basis points. Fee growth is projected to be over inflation with costs increasing around 90%, less than average inflation. Asset quality is expected to remain strong with a total cost of risk below 150 basis points. The return on tangible equity is forecast to be over 50%, a significant improvement from the previous guidance.

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    2 views1 page

    Yapi Kredi-2022 Guidance

    Uploaded by

    bukit
    The document provides guidance on better than expected operating trends for 2022 compared to previous guidance. It is forecasting loan growth of around 65% for TL loans and a reduction in FC loans. Net interest margin is expected to be over 7.5%, an increase of over 100 basis points. Fee growth is projected to be over inflation with costs increasing around 90%, less than average inflation. Asset quality is expected to remain strong with a total cost of risk below 150 basis points. The return on tangible equity is forecast to be over 50%, a significant improvement from the previous guidance.

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    © All Rights Reserved
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    of 1

    2022 Guidance: Better than expected operating trends

    2022 New 2022 Old Guidance Drivers

    TL Loan Growth ~65% High-Twenties TL denominated volume growth with ongoing small ticket focus
    Volumes
    High-Twenties
    FC Loan Growth Shrinkage Ongoing deleveraing in FC loans
    Reduction

    NIM > 7.5% ~+100bps Enchanced ALM management & support through linkers
    Revenues
    Fee Growth > Inflation High-Twenties Ongoing diversification efforts and support from higher number of transactions

    Driven by customer acquisition efforts

    Costs Cost increase ~90% < Average Inflation No compromises on HR and business growth costs

    Ongoing control in running costs thanks to digitalisation and efforts

    Asset Quality Total CoR < 150bps < 150bps  Extremely conservative provisioning assumption

    2022 RoTE: >50%


    Old: Improvement
    Inf. Acc. 2022 RoTE: Double-digit
    Notes:
    All figures are based on BRSA consolidated financials, except for NIM
    -1-

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