Industrial Development Bank of Turkey

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]

Industrial Development Bank of Turkey
Company typePrivate company
IndustryBanking
Founded1950 (1950) in Istanbul, Turkey
Headquarters
Istanbul
,
Turkey
ProductsEconomic development
Total assets ₺198.7 billion (2024)
Number of employees
379
Websitewww.tskb.com.tr/en
Footnotes / references

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]

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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