Halkbank in Brief
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- 2012
- 2007
- 2004
- 2001
- 1998
- 1993
- 1992
- 1964
- 1950
- 1938
2012
A secondary offering of 23.92%(inc. Greenshoe option)on Nov 16,2012 by the Privatization Administration increased the listed portion of Halkbank shares from 24.98% to 48.90%.
2007: Although initially the Bank had been planned to be sold through a block sale under the resolution of the Privatization High Council in 2006, the government surprisingly cancelled the initial plan and decided to privatize 25% of the shares through an IPO in early 2007. As of 10 May 2007, 24.98% of the shares of the Bank have been sold through a very successful public offering and the shares have been listed in Istanbul Stock
2004: One of the major turning points for Halkbank is the acquisition of Pamukbank in 2004. After the Pamukbank merger, Halkbank underwent a serious restructuring process which was initiated by the Statute 4603 relating to public banks with the aim of preparing them for privatization.
2001:96 branches of Emlakbank, another state bank which was then in the process of liquidation, were transferred to Halkbank.
1998: Etibank’s assets and liabilities transferred to Halkbank
1993: Sümerbank’s assets and liabilities transferred to Halkbank
1992:Throughout 1990s, Halkbank’s assets grew rapidly through the absorption of certain failed smaller sized state banks. In 1992, Acquisition of Töbank has taken place
1964: In 1964, Halkbank embarked upon an ambitious program in which its capital was increased and the bank became a more active player by establishing a nationwide network of branches. The result was a strong rise in the bank's deposit and lending volumes.
1950: Between the years 1938–1950 Halkbank provided its loans through public funds named as “People’s Fund”. Halkbank was authorized to directly open branches and grant loans to customers in 1950
1938: For the purposes of supplying tradesmen and artisans on favorable terms in order to promote economic development, Halkbank was founded under Statute 2284 in 1933 as a credit union by small cooperatives and the bank became operational in 1938.
