Turkiye Halk Bankasi – Ratings Affirmed with a Stable Outlook

5 May 2026

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 Turkiye Halk Bankasi (Halkbank or the Bank) B+’ and ‘B’, respectively. At the same time, CI Ratings has affirmed Halkbank’s Bank Standalone Rating (BSR) of ‘b’, Core Financial Strength (CFS) rating of ‘b’ and Extraordinary Support Level (ESL) of Moderate. The Outlook on the LT FCR and BSR remains Stable.

The affirmation of Halkbank’s ratings is supported by its government ownership, which in turn has provided capital injections to fund business growth, a well-established franchise with leading market shares in the lower-risk cooperative loan segments, and sound liquidity and funding profile. The ratings are constrained by the Bank’s low operating and net profitability, with returns at modest levels, which is due to low spreads on Turkish lira loans, particularly…