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
Websitewww.tskb.com.tr/en

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]

Ownership

TSKB is majority owned by banks, with over 55% of shares held.[6] 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".[7]

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. ^ "Ownership Structure". www.tskb.com.tr. Retrieved 2024-06-01.
  7. ^ "Bizi Tanıyın". 2020-01-30. Archived from the original on 2020-01-30. Retrieved 2023-07-12.