Halkbank
#3074
Rank
$3.99B
Marketcap
Turkey
Country
Mr. Osman Arslan (GM, CEO & Director)
Mr. Yusuf Duran Ocak (Vice CEO/Exec. VP of Financial Management & Planning)
Semih Tufan (Head of Investor Relations Department)
Summary
History
Halkbank was incorporated in 1933 and began offering services 1938. Between 1938 and 1950, it was a credit union whose purpose was to provide tradesmen and artisans loans on favourable terms to promote economic growth in Turkey. In 1950, it began opening branches and granting loans to customers. In 1964, Halkbank embarked upon an ambitious program in which its capital was increased and established a nationwide network of branches. Halkbank absorbed several smaller-sized failed state banks in the 1990s and early 2000s: Töbank in 1992, Sümerbank in 1993, Etibank in 1998 and Emlakbank in 2001. One of the major turning points for Halkbank has been the acquisition of Pamukbank in 2004. After this, it underwent a significant restructuring process to prepare for privatization. On 10 May 2007, 24.98% of Halkbank's shares were sold on a public offering and listed in Istanbul Stock Exchange. On 16 November 2012, the percentage of listed shares increased to 48.9%. Halkbank's head office was moved from Ankara to Istanbul in June 2015. On 24 February 2017, publicly-owned shares of Halkbank were transferred to Turkey Wealth Fund.
Mission
Vision
Key Team
Mehmet Sevimli (Head of Legal Affairs Department)
Mr. Fatih Sahbaz (Deputy GM of HR & Support Management and Head of HR)
Samet Demirci (Head of Compliance Department)
Mr. Ergin Kaya (Exec. VP of Banking Operations & Support Services)
Ahmet Sami Pancaroglu (Head of Corp. Communications Department)
Mr. Olcay Dogan (Head of Internal Systems Group)
Mr. Erdem Özdemir (Head of Risk Management Department)
Recognition and Awards
References
Mr. Osman Arslan (GM, CEO & Director)
Mr. Yusuf Duran Ocak (Vice CEO/Exec. VP of Financial Management & Planning)
Semih Tufan (Head of Investor Relations Department)
