Osman Arslan, General Manager of Halkbank, answered Mehmet Akif Ersoy’s questions on the Habertürk Headline show. The highlights of Arslan’s statements are as follows:
– We are celebrating our 84th anniversary this year. The Halkbank is a bank established by special law in 1933. She began her work in 1938. Halkbank is a bank established 84 years ago to finance SMEs, including small traders and small businesses, and strictly adheres to its activities.
– There are 1029 branches in Turkey and 86 branches abroad. There are 25,000 employees. We will continue our activities in an integrated manner.
– Halkbank is the fourth largest bank by balance sheet. We are one of the top 3 banks in terms of total lending volume. As of the 1st quarter, there is a balance sheet size of 965 billion lire. We have reached a total of 880 billion TL in loans
– Our main task is to collect resources and feed them to the Turkish economy. We have made 54 percent of our total loans to SMEs. Our goal is to turn artisans into SMEs and SMEs into industrialists and exporters. We want to continue our journey with what has happened as our businesses grow.
– We cooperate with almost all of Turkey’s 500 largest industrial companies. Supporting SMEs is our first priority, but one of our key goals is to create a bridge financing model in SME supplier relationships with large companies.
“CREDIT REFUND PERFORMANCE IS ONE OF THE BEST IN THE WORLD”
– Especially the loan repayment services from companies have very favorable rates. According to recent figures in the banking sector, the rate of non-return on loans is about 2.85 percent, at Halkbank it is about 2.60.
– If we look at the Turkish economy, even in times of economic fluctuations and crises, the unpaid loans did not exceed 6 percent or 6.5 percent. Turkey is one of the leading countries in the world in terms of loan repayment performance.
– The Turkish banking sector is very active in making loans repayable, with the sector’s wide range of loan restructuring opportunities and a number of framework agreements, including the Structuring Law. Our industry offers companies in the real industry a wide range of survival options. The payback performance of our companies is extremely positive.
– Many sectors use credit in Turkey. The largest sector in the use of credit is manufacturing. It’s almost 30 percent. Retail and wholesale account for 25 percent, tourism for 8-10 percent and construction for 5-6 percent. The fact that Turkey is handling this process very well during the pandemic period shows that companies are also doing well in the inflationary environment. We started taking these measures a long time ago.
50 BILLION TL IN LOANS USED FOR TRADE
– Turkey is ready to enter the period of hyperinflation. The banking sector has always stood alongside the real sector. When problems arise with repayment terms, we offer solace to companies as the legal infrastructure and traditional approach of the Turkish banking sector are designed to bring loans to a more repayable term.
– As public banks, we have always been at the forefront, particularly in the economic stability packages announced by the government. We have supported the real sector, particularly SMEs. Halkbank is the only financial institution in Turkey that grants cheap loans to craftsmen. We do this as part of our Department of Finance and Finance’s interest-based programme.
– In 2020-2021, Halkbank provided our craftsmen with almost 50 billion TL in soft loans. Halkbank is one of the banks that has lent the most during the pandemic.
– Treasury and Treasury announced a 60 billion KGF package. 25 billion of this package was for manufacturing, 25 billion for export and 10 billion TL for working capital. All of that 60 billion has been allocated.
GLOBAL GROWTH MAY SLOW DOWN
– In case of need, the economic management is ready to provide the necessary resources through banks by setting the counter-guarantee limits of the Treasury and Finance Bank, the guarantee limits of the loan guarantee fund. An attractive form of credit. We track very closely where the credits are used on all credits. It is important to return to investment, employment, production and export. Or we look to leverage existing operations for the ongoing operating expenses they require. We ask for invoices when needed, we pay directly to their suppliers when needed, but we never give the customer the freedom to use them wherever they want.
– Monetary expansion is taking place, especially under conditions where exceptional times such as pandemics are occurring in the economy. Such controls are more likely to be used to prevent this expansion from going beyond the mechanisms designed to bring economic normality back, such as gold or foreign exchange.
– The world has had a tough time especially since the pandemic began and its effects are still lingering. The troubles of the Russia-Ukraine conflict have added to the strains of the pandemic. In order to keep economies afloat in the developed developing countries of the world, such as Turkey, central banks encouraged monetary expansion by running the credit mechanism through banks.
– As the impact of the pandemic wears off, it is important that this money is used to balance the balance of money needed in the real sector or economy with economic size. Many countries have taken monetary tightening measures. To contain rising inflation, there may be some slowing of economic growth through monetary tightening.
– Despite all the negative conditions in the Turkish region, with the strong infrastructure of the economy, the strength of the coordinating banking system in economic management and liraization, we have always provided the necessary support for the growth of the economy TL. We are a country that contrasts positively with developments in the world in our region. A 10 percent increase in industrial production in the first three months suggests that the economy will grow by 7 percent or even more in the first quarter.
TURKEY IS ATTRACTIVE FOR FOREIGNERS TO BUY APARTMENTS
– People living in difficult conditions, especially in the USA, Europe. There are disruptions in supply chains. There is high inflation, which Europe is not used to at all, the western world is not used to it. You lack serious experience in dealing with them. We have weathered so much turbulence that we can take timely action on this.
– The war has negative effects on the world economy in Europe. Since Russia is Europe’s supplier of natural gas and raw materials, it can be said that the West has been more negatively affected in this regard. If we look at Turkey in terms of both exports and its own import markets, there is no negative impact on our supply chains as there is diversification over the years. It can negatively affect the number of incoming tourists. A certain number of tourists come to these two countries.
– Turkey is one of the most favorable countries in terms of home buying by foreigners. Turkey is a country that is easily accessible to many countries in the area due to its geographical location. Turkey is one of the countries that are among the priorities of foreigners when buying apartments. Of course, if we look at it from this aspect, there is an increase in housing purchases in Russia.
KKM REACHES 869 BILLION TL
With the KKM products announced on December 20, there was a serious drop in the rising exchange rates. With the support of this mechanism, exchange rate stability has been achieved for a long time. There may be fluctuations from time to time, but we believe this is due to temporary effects and action can be taken to address this. Currency-protected deposits in Turkey’s banking sector reached approximately 869 billion TL. 439 billion of which are TL KKM and the remaining 429 billion are convertible foreign currency deposits.
– It is possible to declare 50 percent of it as FX earnings and 50 percent as KKM from TL. One of the greatest benefits it has brought to the banking sector, one of the characteristics of our banking sector, is the short-term nature of our resource structure. The average deposit maturity of 45 days in the industry has increased to 3 months thanks to these products.
– It is in a manageable condition in terms of the cost to the Treasury. Due to the situation, the company made a positive contribution. For now, interest in this product continues. The redial rate is over 70 percent. It can be said that investors have confidence in this product. Citizens can trust the KKM. It offers a guarantee against exchange rate increases.
5 TONS OF GOLD COME INTO THE SECTOR
– Gold is a very traditional investment vehicle, an instrument and an investment vehicle trusted by our citizens in Turkey as well as in the world. As a banking sector, with the work of our Treasury and Treasury, we have announced various gold deposit products.
– Our goal is to bring the physical gold that our citizens have been keeping under their pillows to the banking sector. Studies show that more than 5,000 tons of gold, that is almost 450-500 billion dollars.
– There is a gold account of over 500 tons in the Turkish banking sector. 10 percent of 5,000 tons are in the banking sector. Our goal is not to turn TL into gold and open a gold account that way. We are striving for potential here by taking the physical gold that our target citizens or companies keep in their vaults at home and work via the jewelry sector or directly to the banks. Our citizens also have an income based on gold. Both he and the country will win.
– Our Ministry of Finance and Finance’s TL 51 billion equity support to public banks was a capital support. As Halkbank, we received 13.5 billion of that. With the support of this resource, we, as public banks, have been given the opportunity to provide $550 billion in additional credit.
– The policy of the banking sector to support the real sector should always be continued. As public-law banks, we have always paid attention to this, and our determination in this area will continue.
– We announced the support package for women entrepreneurs on March 8, 2021. Last year we supported around 125,000 women. Here we reached a balance of 13.5 billion
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