Net profit of 4.6 billion liras from Halkbank in the first half of the year

According to Halkbank’s statement, at the end of the first half of the year, the bank, which increased its total loans by 53 percent compared to the same period of the previous year, to 916.6 billion TL, increased its total deposits to 747.1 billion TL with an increase of 47.3 percent.

The share of SME loans in cash loans excluding retail loans was 50 percent, and the asset size of the bank increased by 52.1 percent in this period and reached 1 trillion 90 billion TL. Halkbank’s market share in SME loans was 18 percent.

Halkbank General Manager Osman Arslan stated that Halkbank achieved a net profit of TL 4.6 billion in the first half of the year, and that the bank’s asset size exceeded TL 1 trillion at the end of this period, passing a historical threshold.

Arslan stated that the Turkish economy maintains its balanced structure in which the public financial discipline and the buoyancy of the commercial life go hand in hand.

“Thanks to the public-led policy steps to improve the investment environment, a great contribution is made to high value-added production and employment by limiting the effects of the recession risk in the EU and the USA and the global inflation triggered by the Russia-Ukraine crisis. Our exporting businesses are able to create new commercial opportunities in the changing global supply chain. Our bank continues to offer new financial options to entrepreneurs, investors, artisans and SMEs in this period when they find opportunities.”

“In the first 6 months of the year, there was an increase of 126 percent in the amount of loan disbursement”

Arslan emphasized that Halkbank’s traditional mission, the Ministry of Treasury and Finance interest-supported loans to tradesmen, craftsmen and SMEs, increased even more in this period.

Reminding that in the first 6 months of the year, compared to the same period of the previous year, the number of tradesmen using loans increased by 52 percent and the amount of loan disbursement increased by 126 percent, Arslan said:

“The tradesmen loan balance of our bank, which reached 79.9 billion TRY as of the end of last year, increased to 90.6 billion TRY at the end of the first half of this year, while the number of our tradesmen with loan balances reached 1.1 million. Halkbank continued to be Turkey’s leading bank in SME loans during this period, when its share was 50 percent.

Source: Dünya Gazetesi by

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