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 type	Private company
Industry	Banking
Founded	1950; 75 years ago (1950) in Istanbul, Turkey
Headquarters	Istanbul , Turkey
Products	Economic development
Revenue	₺30.3 billion (2024)
Operating income	₺12.8 billion (2024)
Net income	₺10.3 billion (2024)
Total assets	₺237.5 billion (2024)
Total equity	₺33.5 billion (2024)
Number of employees	379
Website	www.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:

• 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