activities / financing/halk bank

The only finance institution that provides credit with below market interest rate to tradesmen-craftsmen and SMEs is Halk Bank. Halk Bank was established in 1933 and commenced its activities in 1938. Public banking which has developed in parallel with cooperative movements in the world was initiated by Halk Bank in Turkey.
The credit provided by Halk Bank are classified under two headings, namely; "specialization credits" and "others". Under specialization credits there are;
Industry credits
Fund credits and
Cooperative credits.

The others are "commercial" and "personal" credits.

The cooperative credits are disbursed through Tradesmen-Craftsmen Credit and Guarantee Cooperatives. For the date of its establishment to 2004 Halk Bank has disbursed 1.060.000.000.000,-TL (EURO 589.000.000 ) through the cooperatives.

The share of credit given to tradesmen-craftsmen and SMEs in total is below 4% in Turkey.