Turkey Development Bank

Turkey Development Bank is a Turkish public development bank.

Kalkınma ve Yatırım Bankası A.Ş.

Formerly	Devlet Sanayi ve İşçi Yatırım Bankası
Company type	Anonim şirket
Industry	Public development bank
Predecessors	Republic of Turkey Tourism Bank
Founded	November 11, 1975; 49 years ago (1975-11-11) in Ankara
Founder	Ministry of Industry and Technology
Headquarters	İstanbul , Turkey
Area served	Mostly Turkey
Key people	Raci Kaya, chairman of the board
Owner	Ministry of Treasury and Finance
Number of employees	187,918[1] (2024)
Website	kalkinma.com.tr

The entrance of the bank from its former headquarter in Ankara

History

The bank was founded on November 11, 1975, as Devlet Sanayi ve İşçi Yatırım Bankası A.Ş. (DESİYAB, English: State Industry and Worker Investment Bank), a part of Ministry of Industry and Technology. It was renamed on June 22, 1988, as Türkiye Kalkınma Yatırım Bankası In 1989, it was merged with Republic of Turkey Tourism Bank, and has started to operate in the field of tourism.^[2]

In 2018, the bank changed its name from Turkey Development Investment Bank to Development Investment Bank, which is its current name.^[3]