History, Status and Capital Structure
The Bank wasis founded under the name of Devlet Sanayi ve İşçi Yatırım Bankası (State Industry and Laborer’s Investment Bank Ltd -DESİYAB) A.Ş.
With its strong foundations and stable structure, the Bank assumed an important mission in Turkey’s progress towards its development targets. The foundations of the Development and Investment Bank of Turkey (TKYB) were laid with DESİYAB (), established in accordance with the Authorization Act No. 1877 and Statutory Decree No. 13 dated November 27, 1975 as an incorporated company and a development and investment bank subject to the provisions of private law to conduct all the activities of investment and development banking, including profit-sharing-based capital finance.
The Bank was renamed as Türkiye Kalkınma Bankası A.Ş. (Development Bank of Turkey Ltd) and authorized to also finance other sectors than the industrial sector.
T.C. Turizm Bankası A.Ş. was transferred to the Development Bank of Turkey with all of its assets and liabilities.
New programs for priority development regions were undertaken.
The Bank’s Charter Act No. 4456 was enacted and entered into force.
The Bank starteds wholesale banking activities.
The Bank’s total assets exceeded $1 billion.
The Bank continued its sustainable growth performance.
The Bank secureds long-term resources at a record level.
As a result of the strong international relations that it has built over many years, the Bank secureds nearly $840 million in long-term resources from five different international financial institutions.
The Bank’s financing support to the country’s development exceeded Turkish Lira 3 billion
The Bank’s strategic plan for the period 2015-2019 was is approved.
The Development Bank of Turkey decideds to increase its issued capital to Turkish lira 500 million
The Development Bank of Turkey expandeds its global collaboration network with new initiatives.
The Development Bank of Turkey strengtheneds its pioneer position in the finance industry with its Carbon Disclosure Project report.
The Development Bank of Turkey started providing loans under the €100 million CEB Apex facility.
The Development Bank of Turkey secureds $200 million in financing from the Islamic Development Bank.
The Bank wasis restructured and renamed as the Development and Investment Bank of Turkey (TKYB).
Law No. 7147 on the Bank entered into force after having been published in the Official Gazette No. 30575 and dated October 24, 2018. As a result, the Bank’s name wasis changed to “Türkiye Kalkınma ve Yatırım Bankası A.Ş.”
Accomplishing a first in Turkey, TKYB the Development and Investment Bank of Turkey establisheds the Asset Finance Fund.
On November 15, 2018, TKYB established the Asset Finance Fund. The Fund invested in Mortgage-Backed Securities with high-quality collateral in the portfolios of the industry’s leading banks and issued Asset-Backed Securities takingthese securities as collateral. On December 7, 2018, Asset-Backed Securities in the amount of Turkish lira 3.15 billion were issued. The method, implemented for the first time in Turkey, provided banks with liquidity and investors with an investment opportunity with high-quality collateral.
TKYB became the first Bank in Turkey to obtain the “Climate Friendly Institution” certificate.
In 2018, the Development and Investment Bank of Turkey proves its dedication to achieve environmental, social and financial sustainability, to increase the awareness of the public and its stakeholders about combatting climate change and to set an example in the industry with its sustainability activities by being the first institution in all industries and the first bank to obtain the “Climate Friendly Institution” certificate.
TKYB secureds a record $400 million loan from Industrial and Commercial Bank of China (ICBC) for its wholesale banking operations.
TKYB signed a €50-million loan agreement with the Black Sea Trade and Development Bank to finance SMEs.
TKYB maintained its successful financial progress in 2018 and increased its total assets by 75 percent to Turkish lira 15.7 billion.
Primary Indicators (Million TRY)
| December 2017 | December 2018 | Change (Value) | Change (%) | |
|---|---|---|---|---|
| Total Assets | 8.983,2 | 15.714,8 | 6.731,6 | 74,9 |
| Loans (Net) | 6.928,9 | 13.641,5 | 6.712,6 | 96,9 |
| Liabilities | 7.726,9 | 14.297,5 | 6.570,6 | 85,0 |
| Equity | 1.256,3 | 1.417,3 | 161,0 | 12,8 |
| Total Revenues | 395,0 | 734,7 | 339,7 | 86,0 |
| Total Expenses | 266,7 | 574,4 | 307,7 | 115,4 |
| Profit/Loss | 128,3 | 160,3 | 32,0 | 24,9 |
Primary Ratios (%)
| December 2017 | December 2018 | |
|---|---|---|
| Loans (Net)/Total Assets | 77,1 | 86,8 |
| Equity/Total Assets | 14,0 | 9,0 |
| Return on Assets | 1,4 | 1,0 |
| Return on Equity | 10,2 | 11,3 |
| Capital Adequacy Standard Ratio | 16,7 | 14,2 |
- Total Assets (Million TRY)
- Loans (Net) (Million TRY)
- Liabilities (Million TRY)
- Profit Loss (Million TRY)
- Equity (Million TRY)
Ownership Structure of TKYBthe Development and Investment Bank of Turkey (*)
| No. | Shareholder Name | Current Share Capital (TRY) | (%) |
|---|---|---|---|
| 1 | Republic of Turkey Ministry of Treasury and Finance | 495.407.663,49 | 99,08 |
| 2 | Other (*) | 4.592.336,51 | 0,92 |
| Total | 500.000.000,00 | 100,00 |
(*)Includes all natural and legal persons, and the shares of a majority shares of which these partners are traded on Borsa Istanbul.
Partnership Structure
Capital Increase
In accordance with the decision dated January 31, 2019, of the Development and Investment Bank of Turkey Board of Directors to enhance placement capacity of the Development and Investment Bank of Turkey and in compliance with Article 6 of the Articles of Association of the Bank, it was resolved to increase the Turkish lira 500 million worth of issued capital of the Development and Investment Bank of Turkey by Turkish lira 350 million (at a 70 percent rate) to be compensated entirely in cash, to reach Turkish lira 850 million in total within the limits of the registered capital ceiling worth Turkish lira 2.5 billion