Industrial Development Bank of Turkey

Industrial Development Bank of Turkey
Company typePrivate company
IndustryBanking
Founded1950; 74 years ago (1950) in Istanbul, Turkey
Headquarters
Istanbul
,
Turkey
ProductsEconomic development
Total assetsIncrease ₺198.7 billion (2024)
Number of employees
379
Websitewww.tskb.com.tr/en
Footnotes / references
[1] [2]

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]

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]

  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.