Industrial Development Bank of Turkey

Last updated
Industrial Development Bank of Turkey
Company type Private company
Industry Banking
Founded1950;75 years ago (1950)
Headquarters
Istanbul
,
Turkey
Products Economic development
RevenueIncrease2.svg ₺30.3 billion (2024)
Increase2.svg ₺12.8 billion (2024)
Increase2.svg ₺10.3 billion (2024)
Total assets Increase2.svg ₺237.5 billion (2024)
Total equity Increase2.svg ₺33.5 billion (2024)
Number of employees
379
Website www.tskb.com.tr/en
Footnotes /references

The Industrial Development Bank of Turkey (TSKB) is a Turkish investment and development bank, established in 1950. When founded, it was the first privately owned investment bank in Turkey. [1] It is headquartered in Istanbul, with branches in Ankara and Izmir. [2]

Contents

TSKB has been supported by the World Bank. [3] In early 2023, its P/E ratio was around 10. [4] In 2022, it was rated B by Fitch. [5]

TSKB is the 14th largest bank and the largest development bank by shareholder's equity in Turkey as of late 2020. [6]

Ownership

TSKB is majority owned by banks, with over 55% of shares held. [7] The full list of shareholders include:

TSKB is traded in the Borsa Istanbul (BIST) under the ticker "TSKB". [8]

See also

References

  1. ↑ "Turkiye Sinai Kalkinma Bankasi (TSKB) – United Nations Environment – Finance Initiative" . Retrieved 2023-03-05.
  2. ↑ "ELTI aisbl / European Long-Term Investors - Turkiye Sinai Kalkinma Bankasi A.S. (TSKB)". www.eltia.eu. Retrieved 2023-03-05.
  3. ↑ "Turkey - Eighth Industrial Development Bank (TSKB) Project". World Bank. Retrieved 2023-03-05.
  4. ↑ "TSKB.E | Turkiye Sinai Kalkinma Bankasi A.S. Stock Price & News". WSJ. Retrieved 2023-03-05.
  5. ↑ "Fitch Affirms TSKB at 'B', Outlook Negative; Downgrades VR to 'b'". www.fitchratings.com. Retrieved 2023-03-05.
  6. ↑ "The World Bank Green Finance Project". World Bank . Retrieved 2024-06-20.
  7. ↑ "Ownership Structure". www.tskb.com.tr. Retrieved 2024-06-01.
  8. ↑ "Bizi Tanıyın". 2020-01-30. Archived from the original on 2020-01-30. Retrieved 2023-07-12.
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