By Helgi Library - December 12, 2019
Halkbank's customer loans reached TRY 205,032 mil in 2017, up 29.0% compared to the previous year. Turkish banking sector provi...
By Helgi Library - December 12, 2019
Halkbank's customer deposits reached TRY 174,038 mil in 2017, up 36.5% compared to the previous year. Turkish banking sector ac...
By Helgi Library - June 23, 2018
Halkbank made a net profit of TRY 4,173 mil under revenues of TRY 11,057 mil in 2017, up 38.5% and 18.2% respectively compared to the...
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By Helgi Library - June 23, 2018
Halkbank's retail deposits reached TRY 115,091 mil in 2017, up 26.0% compared to the previous year. Turkish banking sector accepted retail deposits of TRY 945 bil in 2017, up 17.2% when compared to the last year. Halkbank accounted for 12.2% of all retail...
By Helgi Library - June 23, 2018
Halkbank stock traded at TRY 10.8 per share at the end 2017 implying a market capitalization of USD 3,562 mil. Since the end of 2012, the stock has depreciated by -38.4 % implying an annual average growth of -9.24 %. In absolute terms, the value of the company fe...
By Helgi Library - June 23, 2018
Halkbank's net interest margin amounted to 3.05% in 2017, down from 3.44% compared to the previous year. Historically, the bank’s net interest margin reached an all time high of 5.86% in 2004 and an all time low of 3.05% in 2017. The average margin in t...
By Helgi Library - June 23, 2018
Halkbank employed 17,851 persons in 2017, up 5.28% when compared to the previous year. Historically, the bank's workforce hit an all time high of 17,851 persons in 2017 and an all time low of 10,509 in 2005. Average cost reached USD 2,780 per month per employee, ...
By Helgi Library - December 12, 2019
Halkbank's corporate loans reached TRY 81,900 mil in 2017, up 24.3% compared to the previous year. Turkish banking sector provided corporate loans of TRY 1,571 bil in 2017, up 22.5% when compared to the last year. Halkbank accounted for 5.50% of all corpo...
By Helgi Library - June 23, 2018
Halkbank's corporate deposits reached TRY 35,336 mil in 2017, up 46.9% compared to the previous year. Turkish banking sector accepted corporate deposits of TRY 535 bil in 2017, up 18.4% when compared to the last year. Halkbank accounted for 6.60% of all c...
By Helgi Library - June 23, 2018
Halkbank's cost to income ratio reached 42.6% in 2017, down from 42.8% compared to the previous year. Historically, the bank’s costs reached an all time high of 58.1% of income in 2008 and an all time low of 31.3% in 2004. When compared to total assets, ba...
By Helgi Library - June 23, 2018
Halkbank's non-performing loans reached 2.97% of total loans at the end of 2017, down from 3.23% compared to the previous year. Historically, the NPL ratio hit an all time high of 21.6% in 2004 and an all time low of 2.60% in 2013. Provision coverage amount...
By Helgi Library - June 23, 2018
Halkbank generated total banking revenues of TRY 11,057 mil in 2017, up 18.2% compared to the previous year. Historically, the bank’s revenues containing of interest, fee and other non-interest income reached an all time high of TRY 11,057 mil in 2017 and an al...
By Helgi Library - June 23, 2018
Halkbank's capital adequacy ratio reached 13.6% at the end of 2017, up from 12.5% compared to the previous year. Historically, the bank’s capital ratio hit an all time high of 16.2% in 2012 and an all time low of 12.5% in 2016. The Tier 1 ratio amounted to ...
Türkiye Halk Bankasi (or Halkbank) is a Turkey-based commercial bank. The Bank is the seventh-largest bank in Turkey in terms of assets. The Bank offers retail and commercial banking products and services, such as credit and debit cards, private and commercial loans, savings and checking accounts and money transfers, issuing letters of guarantee, foreign currency and non-cash loans and commercial loan deposit accounts, as well as portfolio management, mutual and pension fund management, international trade finance and securities brokerage. At the end of 2015, Halkbank operated 949 branches and over 3,300 ATMs and employed more than 17,000 people. The Bank was founded in 1933 and is headquartered in Istanbul, Turkey.
Halkbank has been growing its revenues and asset by 16.2% and 22.7% a year on average in the last 10 years. Its loans and deposits have grown by 27.6% and 19.3% a year during that time and loans to deposits ratio reached 118% at the end of 2017. The company achieved an average return on equity of 21.8% in the last decade with net profit growing 14.3% a year on average. In terms of operating efficiency, its cost to income ratio reached 42.6% in 2017, compared to 45.0% average in the last decade.
Equity represented 8.45% of total assets or 12.8% of loans at the end of 2017. Halkbank's non-performing loans were 2.97% of total loans while provisions covered some 105% of NPLs at the end of 2017.
Halkbank stock traded at TRY 10.8 per share at the end of 2017 resulting in a market capitalization of USD 3,562 mil. Over the previous five years, stock price fell by 38.4% or 9.24% a year on average. That’s compared to an average ROE of 16.4% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 3.23x and price to book value (PBV) of 0.512x in 2017.
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