Established in 1933, Türkiye Halk Bankasi (Halkbank) is a universal bank providing a broad range of retail, corporate banking products and services to private individuals, SMEs and companies. Halkbank is focused on providing financial solutions to Turkish tradesmen, artisans, SMEs and entrepreneurs.
TÜRKİYE HALK BANKASI A.Ş. is the 5th largest bank in Turkey in terms of total assets. In 2017 its total assets were 305,35 bln TRL, providing the bank with the market share of 9.87%. In 2017 the bank's net income was 3 725,46 mln TRL.
TÜRKİYE HALK BANKASI A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB+ (speculative). Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).
TÜRKİYE HALK BANKASI A.Ş. participates in deposit guarantee scheme of Turkey. This scheme covers accounts up to 100 000 TRL per bank per depositor.
|Total Assets (2017)|
|305.35 bln TRL (+31.93%)|
In 2017 total assets of TÜRKİYE HALK BANKASI A.Ş. were 305.35 bln TRL. Growth compared to the previous period (2016) was 31.93%. The evolution of the total assets of TÜRKİYE HALK BANKASI A.Ş. is shown at Chart 1 below.
Chart 1. Total Assets of TÜRKİYE HALK BANKASI A.Ş..
|Net Income (2017)|
|3 725.46 mln TRL (+45.62%)|
In 2017 net income of TÜRKİYE HALK BANKASI A.Ş. was 3 725.46 mln TRL. Growth compared to the previous period (2016) was 45.62%. The evolution of the net income of TÜRKİYE HALK BANKASI A.Ş. is shown at Chart 2 below.
Chart 2. Net Income of TÜRKİYE HALK BANKASI A.Ş..
|BB+ (speculative)||Ba3 (non-investment grade speculative)|
Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. TÜRKİYE HALK BANKASI A.Ş. is rated by Fitch and Moody's.
Credit ratings assigned to TÜRKİYE HALK BANKASI A.Ş. as of May 2018 are shown in details in the following sections.
Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for TÜRKİYE HALK BANKASI A.Ş. it is set to BB+ (speculative), outlook is negative (may be lowered). The rating is on watch (there is a heightened probability of a rating change). Short-term issuer default rating for TÜRKİYE HALK BANKASI A.Ş. is set to B (speculative short-term credit quality).
|Long-Term Issuer Default Rating||BB+|
|Short-Term Issuer Default Rating||B|
|Support Rating Floor||BB+|
Viability rating for TÜRKİYE HALK BANKASI A.Ş. is set to bb+ (speculative fundamental credit quality); support rating is 3 (moderate probability of support); support rating floor is BB+ (speculative).
Long-term rating for TÜRKİYE HALK BANKASI A.Ş. it is set to Ba3 (non-investment grade speculative). Long-term bank deposit rating is Ba3 (non-investment grade speculative). Baseline credit assessment is b2. Short-term rating is not assigned.
|Long-Term Bank Deposit Rating||Ba3|
|Baseline Credit Assessment||b2|
Outlook for the ratings of TÜRKİYE HALK BANKASI A.Ş. is set to negative (may be lowered).
|Yes (up to 100 000 TRL per depositor)|
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
All credit institutions operating in Turkey are obliged to participate in Turkish deposit guarantee scheme.
In the case of TÜRKİYE HALK BANKASI A.Ş. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:
|Eligible Depositors||natural persons|
|Covered Accounts||all cash deposit accounts, precious metals accounts|
|Maximum Protected Amount||100 000 TRL|
|Paid In Currency||TRL|
BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.
A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).
BIC of TÜRKİYE HALK BANKASI A.Ş. and its components are shown in the table below.
|Bank BIC Code||TRHB|
|Country Code||TR (Turkey)|
Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.
|Bank Sort Code||0012|