Halkbank's asset size increased to 3 trillion lira

Halkbank increased its asset size by 37 percent to 3 trillion lira by the end of 2024.

According to the statement made by the bank, Halkbank announced its financial results for the last quarter of 2024. The bank, which increased its asset size by 37 percent to 3 trillion lira at the end of 2024 compared to the end of 2023, increased its total loan size by 21 percent to 2.3 trillion lira during this period.

While Halkbank's total deposits increased by 27 percent compared to the end of the previous year and reached 2.4 trillion lira in the last quarter of 2024, the bank's equity capital increased by 19 percent in this period and reached 152.6 billion lira.

Halkbank General Manager Osman Arslan, whose views were included in the statement, stated that a volatile year in which monetary policies and geopolitical developments were decisive in the global economy was left behind with a process in which the country's economic resilience increased, macrofinancial stability strengthened and external fragilities decreased.

Arslan said, "During this period, while the disinflation process continued, the decreasing trend in the Currency Protected Deposit (CCD) balance strengthened, the reserves of the Central Bank of the Republic of Turkey (CBRT) reached record levels, our credit risk premium (CDS) fell below 250 basis points for the first time since February 2020, and in this process, our exports increased by 2.4 percent compared to the end of 2023, reaching 262 billion dollars."

Arslan stated that the current account deficit improved beyond expectations in 2024 and the decrease in external financing needs supported the rebalancing process in the Turkish economy, and that the successful steps taken by the economy administration within the framework of the Medium Term Program (MTP) and the 12th Development Plan played a major role in these achievements.

"We will continue our work and support in 2025"

Arslan said, "As Halkbank, we will continue our work and support in 2025 to protect the financial stability of our country, improve the investment environment and sustain growth in an inclusive manner."

Underlining that they left behind a year full of collaborations that will accelerate exports and sustainability and entrepreneurship-focused studies, Osman Arslan stated that they strengthened their support for SMEs and tradesmen with the Bank's products and services.

Underlining that they continue their mission of supporting tradesmen with determination, Arslan made the following statements:

"By adapting to the changing dynamics, we have provided financial support that meets the expectations of tradesmen, SMEs and entrepreneurs. By the end of 2024, the share of tradesmen loans in SME loans was 37 percent, the number of tradesmen with loans reached 802 thousand and our tradesmen loan size increased by 13 percent compared to the end of 2023, reaching 266 billion liras. While the share of SME loans in our commercial cash loans was 57 percent, we continued to be the sector leader in SME loans with our SME loans reaching 728 billion liras and our market share of 16 percent."

"We provided a total of 82 billion liras of financial support to 250 thousand women entrepreneurs"

Sharing the work and support provided by Halkbank in line with its vision of strengthening the entrepreneurship ecosystem, Arslan said, "With the Women Entrepreneurs Loan Support Package, we have provided a total of 82 billion liras of financing support to approximately 250 thousand women entrepreneurs since 2021. We continue to be the leader in this field by providing approximately 40 percent of the loans used by women entrepreneurs on our own."

Arslan stated that they also contributed to the training and branding processes for women to have a stronger place in business life and announced that they held the final of the Productive Women Competition, which they organized for the fourth time, and presented the awards to the entrepreneurial women.

Arslan emphasized that in addition to the support Halkbank provides to women entrepreneurs, it has reached 193 thousand entrepreneurs and provided a total of 29 billion liras of credit support since 2021, and underlined that they not only provide financial support to young people to realize their dreams, but also see it as a responsibility to be by their side with information, guidance and motivation.

Osman Arslan stated that they continue their work in the field of digital banking with personalized services and innovative solutions, and underlined that they aim to increase economic efficiency with an environmentally friendly financial model while offering low operational costs with Halk Digital Participation Bank Inc., which they plan to start operating in the summer months and will provide services in accordance with interest-free finance principles.

Underlining that they will continue to produce solutions that are compatible with the Medium Term Economic Program, encourage innovation, manage resources in the most efficient way and strengthen the economy with sustainable financing models, Arslan said:

"We will continue to stand by every segment of our society with all our means in 2025, which was declared as the 'Year of Family' by our President. In this context, with the motto of 'By Your Family at Every Stage of Life', we aim to ease the financial burden of families, strengthen their savings habits and increase their quality of life in a wide range from marriage to having children, from housing finance to retirement with our Marriage Loan, Hello to Life Consumer Loan, Special Housing Loan for Newlyweds, Paraf Ailem, Life Insurance with Premium Refund, Under 18 BES and Elderly Care Insurance products that we offer to our customers under the roof of 'Halkbank Ailem'.

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