Industrial Development Bank of Turkey explained

Type:	Private company
Industry:	Banking
Founded:	in Istanbul, Turkey
Hq Location City:	Istanbul
Hq Location Country:	Turkey
Products:	Economic development
Assets:	₺198.7 billion (2024)
Owners:	-->
Num Employees:	379
Footnotes:	https://www.tskb.com.tr/en/about-us/about-us/news/tskb-reaches-tl-198-7-billion-asset-size-in-first-quarter-of-the-year/https://web.archive.org/web/20221005234520/https://www.tskb.com.tr/hakkimizda/insan-kaynaklari

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]

Ownership

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

• Türkiye Iş Bankası, and its subsidiaries (47.68%)
• Vakıflar Bankası (8.38%)
• Held by public, via Borsa Istanbul (43.94%)

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

=+See also

• List of national development banks

Notes and References

1. Web site: Turkiye Sinai Kalkinma Bankasi (TSKB) – United Nations Environment – Finance Initiative . 2023-03-05 . en-GB.
2. Web site: ELTI aisbl / European Long-Term Investors - Turkiye Sinai Kalkinma Bankasi A.S. (TSKB) . 2023-03-05 . www.eltia.eu.
3. Web site: Turkey - Eighth Industrial Development Bank (TSKB) Project . 2023-03-05 . World Bank . en.
4. Web site: TSKB.E Turkiye Sinai Kalkinma Bankasi A.S. Stock Price & News . 2023-03-05 . WSJ . en.
5. Web site: Fitch Affirms TSKB at 'B', Outlook Negative; Downgrades VR to 'b' . 2023-03-05 . www.fitchratings.com.
6. Web site: 2024-06-20 . en . The World Bank Green Finance Project . World Bank.
7. Web site: Ownership Structure . 2024-06-01 . www.tskb.com.tr . en.
8. Web site: 2020-01-30 . Bizi Tanıyın . https://web.archive.org/web/20200130070219/http://www.tskb.com.tr/tr/hakkimizda/bizi-taniyin . 2020-01-30 . 2023-07-12.