Evolving along with the cooperative movements that were also developing in different countries throughout the world, public banking started in Turkey with the establishment of Halkbank. The bank provided loan services via the People’s Funds; financed between 1938 and 1950. After 1950, Halkbank was authorized to directly open branches and grant loans to customers. By the beginning of 1964, Halkbank had embarked upon an ambitious program where it increased capital and became more active by establishing a nationwide network of branches. The result was a progressive rise in the bank’s deposit and lending volumes. In the banking industry, Halkbank became the first bank for the middle class and its representatives in the economy, i.e., tradesmen, artisans, and small businesses. Halkbank’s basic loan policy was primarily based on facilitating loans to this demographic and improving the conditions for using them; the Bank added services each year, reaching an important position in the banking industry. Türkiye Öğretmenler Bankası (Töbank) in 1992; Sümerbank in 1993; and Etibank in 1998 were all transferred to Halkbank. In 2000, public banks began the restructuring process necessary to operate in line with the requirements of modern banking and international competition, and to prepare for privatization. Today, Halkbank serves its clients through nationwide branches, offices, special transaction offices and with foreign reresentatives. As bank with a mission, Halkbank will continue to support the tradesmen, artisans, and SMEs who are the foundation of Turkey, as well as all entrepreneurs who contribute to investment and employment, with a modern banking approach. Halkbank will continue to be known as one of the industry’s strongest and most reputable institutions.