Company: HALKBANK
Nomination Submitted by: Business Awards Consulting
Company Description: Halkbank has become one of the steadily growing, well-established, pioneering and respected brands of emerging Turkey, which established in 1938 to support tradesmen, SMEs and to accelerate permanent economic development. Pioneering the development of the Turkish banking sector for 83 years, Halkbank continues its mission of supporting the real sector
Nomination Category: Achievement Categories
Nomination Sub Category: Achievement in Finance
 Nomination Title: Halkbank Entrepreneur Supports
- Which will you submit for your nomination in this category, a video of up to five (5) minutes in length about the achievements of the nominated organization since 1 January 2021, OR written answers to the questions for this category? (Choose one):
Written answers to the questions
- If you are submitting a video of up to five (5) minutes in length, provide the URL of the nominated video here, OR attach it to your entry via the "Add Attachments, Videos, or Links to This Entry" link above, through which you may also upload a copy of your video.
- If you are providing written answers for your submission, you must provide an answer to this first question: Briefly describe the nominated organization: its history and past performance (up to 200 words):
Total 186 words used.
Founded in 1938 with the mission of supporting the entire society, especially tradesmen and SMEs, Halkbank stands out as one of the country's well-established and reputable brands that has grown steadily by pioneering the development of both the banking sector and the national economy in its 85-year history.
In the Turkish economy, about 95% of the workplaces and 50% of the employment in the manufacturing industry belong to small-scale enterprises. According to the results of the Global Entrepreneurship Monitor report, Turkey ranks 3rd in the Europe and North America Region in terms of total entrepreneurial activity. However, very few of these ventures are successful due to a lack of entrepreneurial courage, lack of financial support and areas of improvement in financial literacy. According to TUIK statistics in Turkey, only 41% of new startups survive for 5 years.
Socio-politically strategically important and rich in natural resources, Turkey has a young population. However, 25% of Turkey's young population is neither in education nor employed. Encouraging new ventures by supporting the entrepreneurship ecosystem is critical not only for economic activities but also for youth participation in the labor force.
- If you are providing written answers for your submission, you must provide an answer to this second question: Outline the organization's achievements since the beginning of 2021 that you wish to bring to the judges' attention (up to 250 words):
Total 238 words used.
Halkbank has been putting all its financial and brand strength, knowledge, experience, technology and infrastructure at the service of new entrepreneurs since its establishment.
‘’The Bank of Productive Turkey," Halkbank, with a vision to contribute to the development of the entrepreneurship ecosystem, has launched the "Entrepreneur Support Packages" product in 2022, a first in Turkey.
Support loan packages were created for 6 different entrepreneurial models to support different needs:
Young Entrepreneur Loan
Brave Entrepreneur Loan
Techno Entrepreneur Loan
Master Entrepreneur Loan
Public Entrepreneur Loan
Artisan Entrepreneur Loan
With these various credit packages, a wide range of financial support alternatives is offered based on criteria such as education, experience, and age, catering to university graduate young entrepreneurs to experienced professionals who want to start their own business.
Furthermore, Halkbank, with an awareness of the importance of technological ventures and R&D activities in the country's economy, has implemented the Technopark Support Package in addition to individually supporting entrepreneurs through entrepreneur loans. This aims to support technological acceleration, increase R&D investments, and create technology-intensive employment. Within this support, protocols have been established with Technology Development Zones in Turkey, offering special support and advantage packages to startups operating in or targeted to be established in these technology parks.
Moreover, through the Digital Credit Platform, Halkbank has provided the opportunity for all entrepreneurs, whether they are Halkbank customers or not, to apply for loans from their mobile devices without visiting a branch.
- If you are providing written answers for your submission, you must provide an answer to this third question: Explain why the achievements you have highlighted are unique or significant. If possible compare the achievements to the performance of other players in your industry and/or to the organization's past performance (up to 250 words):
Total 250 words used.
Halkbank Entrepreneur Support Packages are Turkey's first entrepreneur-oriented special loan packages.
Since March 2022, Halkbank has provided loans totaling over 18 billion TL to more than 96,000 entrepreneurs of all ages and education levels who want to start their own businesses. Additionally, with the Women Entrepreneur Credit Support Package, a total of over 44 billion TL in credit support has been provided to 195,000 women entrepreneurs.
Halkbank Entrepreneur Support Packages are differentiated from their followers in the sector in terms of volume, amount, reach and scope:
-Halkbank leads in terms of resources allocated to entrepreneurship in Turkey. The amount of support that Halkbank allocates to the entrepreneurial ecosystem is considerably higher than its sector competitors in both volume and number.
-In order for entrepreneurs and entrepreneur candidates to access support easily, Halkbank has made it easy to apply for support without even going to a branch through the Digital Credit Platform, thus making a difference not only in terms of volume and quantity but also in terms of ease of application and access to support.
-With its entrepreneur loans, Halkbank has reached all 81 provinces and 922 districts of Turkey, thus reaching entrepreneurs not only in big cities but also in the most remote corners of the country.
Within the scope of its comprehensive "Entrepreneur Development Project", Halkbank offers entrepreneurs many advantages and opportunities in addition to financial support like The Entrepreneur Academy, Halkbank SME Development Program, professional Chamber Collaborations, University mentoring Programs, Youth Meetings and Entrepreneur Events.
- You have the option to answer this final question: Reference any attachments of supporting materials throughout this nomination and how they provide evidence of the claims you have made in this nomination (up to 250 words):
Total 173 words used.
In a brand strength market research conducted by an independent research company, Halkbank stands out from other banks primarily for "offering attractive support and credit facilities to tradesmen and SMEs (Small and Medium-sized Enterprises)." It is believed that the success of entrepreneurial loans also contributes to this positive perception.
Furthermore, in the Customer Satisfaction Market Research, also conducted by independent firms, Halkbank is leading the tradesmen segment, increasing its Net Promoter Score (NPS) by 4 points compared to the previous year. (NPS is universally accepted as a measurement criterion for customer satisfaction.)
Apx1: Halkbank SME, Artisan, and Entrepreneur Banking Activities
Apx1 is a document summarizing Halkbank's activities in SME and artisan banking, as stated in the 2021 Activity Report.
Apx2:Video: Halkbank Entrepreneur Loans
Apx3:Video: Halkbank Technocity Support Packages
Apx4-Video: Halkbank Entrepreneur Loans Commercial Film
Apx5: Halkbank SME Artisan Banking Testimonials
You can watch the testimonials about Halkbank's SME Artisan Banking at the following link:
Apx6: Presentation: Halkbank Women Support Details
Apx7: Halkbank Introduction Movie
Halkbank's history and general introduction movie
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