MarketCap TR

TR Turkey


Türkiye Halk Bankasi A.S., together with its subsidiaries, offers various banking products and services. The company provides deposit products, including e-deposits, deposit accounts with investment funds, child accounts, accumulated deposit accounts, producing deposit accounts, current TL accounts, time deposit TL/FX accounts, current FX accounts, gold deposit accounts, and safety deposit boxes. It also offers personal, auto, mortgage, and overdraft loans; letter of credit, commercial, and cash and non-cash loans; medium and long-term, and investment and project loans; loans from international financial institutions; and foreign trade loans. In addition, the company provides various cards and payment services; insurance products; derivative products; and investment products comprising investment funds, Fon24, domestic government bonds, bank bills and bonds, Eurobonds, repos, forwards, options, swaps, and secured options, as well as cash management services. Further, it offers Internet, mobile, and SMS banking services. Additionally, the company is involved in the investment in capital market instruments based on real estates, real estate projects, and rights based on real estates; financial leasing; factoring; and capital markets activities. As of December 31, 2021, the company operated 1,023 branches consisting of 1018 domestic branches; 5 foreign branches, including 4 in Cyprus and 1 in Bahrain; and 3 representative offices in England, Iran, and Singapore. Türkiye Halk Bankasi A.S. was founded in 1933 and is headquartered in Istanbul, Turkey.


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.

Halkbank strives to become a leading Turkish financial institution by providing quality and innovative banking services to its customers and contributing significantly to the development and prosperity of the Turkish economy.

Halkbank seeks to be the most reliable, efficient and customer focused provider of financial services in Turkey, to enable economic and social development of the country.

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
Halkbank has been recognized by various international organizations, such as The Banker magazine’s award for the Best Bank in Turkey three times and the Euromoney award for the Best Bank in Turkey five times.

Leadership team

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)

Products/ Services
Banking, Finance, Financial Services, Lending
Number of Employees
20,000 - 50,000
Istanbul, Istanbul, Turkey
Net Income
500M - 1B
Above - 1B
Traded as
Social Media
Wed Feb 28 2024

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