Tu rkiye Halk Bankasi – Ratings Affirmed ; Outlook Remains Stable

Ref: TR0 3 4 2 3 CRA00- 0 1 8 May 202 4

Tu rkiye Halk Bankasi – Ratings Affirmed ; Outlook Remains Stable

Capital Intelligence Ratings (CI Ratings or CI) today announced that it has affirmed the Long-Term Foreign Currency Rating ( LT FCR ) and Short-Term Foreign Currency Rating (ST FCR) of T u rkiye Halk Bankasi ( Halk ) at ‘B’ and ‘B’, respectively. Halk’s Bank Standalone Rating (BSR) of ‘b-’, Core Financial Strength ( CFS ) rating of ‘b’, and Extraordinary Support Level ( ESL ) of Moderate have also been affirmed. The Outlook on the ratings remains Stabl e .

The affirmation of the Bank’s ratings is supported by its government ownership, which in turn has provide d regular capital injections to fund strong business growth, a well-established franchise with leading market shares in the lower risk cooperative loan segments, and a still sound asset…