Halkbank Entrepreneur Supports

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 have grown steadily by pioneering the development of both the banking sector and the national economy in its 86-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 its 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 financial literacy. According to TUIK national 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. And only 36% of women join the workforce. Encouraging new ventures by supporting the entrepreneurship ecosystem is critical not only for economic activities but also for youth participation in the labor force.