Development and Investment Bank of Türkiye Increases Total Assets by 115% and Loans by 105%

Development and Investment Bank of Türkiye disclosed its financial results for the first six months of 2022 on the Public Disclosure Platform (KAP). During the first half of 2022, the Bank increased its total assets by 115% year on year to more than TRY 71 billion and increased its net profit by 79% year on year to TRY 733 million. The Bank’s loan portfolio increased by 105% compared with the same period of the previous year to TRY 50 billion.

The ratio of gross non-performing loans to total loans, an important indicator of asset quality, stood at 1.96% in the second quarter of 2022, while the capital adequacy ratio was 15.93%.

We Diversify Our Funding Sources and Support Our Country’s Sustainable Growth

Stating that important results had been achieved in securing resources for Türkiye through international development finance institutions with which long-standing strong relationships had been established, Öztop said: “We carry the responsibility of being a trusted institution for stable growth. We diversify our funding sources and support our economy even under the most challenging conditions. Through the resources secured, we will continue providing investment and working-capital loans in both Turkish lira and foreign currency to investors implementing projects of importance to our country’s future—particularly in energy, energy efficiency, climate finance and manufacturing—that add value by increasing production potential and reducing the current-account deficit, as well as to SMEs and businesses that form the backbone of our economy.”

We Represent Our Country Internationally in Sustainability

Stating that, as a result of the Bank’s activities supporting sustainable development and its strong environmental and social risk-assessment practices, it ranked first among all institutions in Türkiye, the Middle East and Africa and fourth among banks in Europe after the EIB, KfW and EBRD in an international ESG risk rating, Öztop said: “Sustainability lies at the centre of all our Bank’s activities and actions. We prioritise sustainability in every area, from the projects we finance to our investment banking and Türkiye Development Fund activities. This achievement is proof of the importance we attach to sustainability.”

Öztop also stated that the Bank received an award in the “Best Green Project Financing Bank 2022” category for acting as intermediary in Türkiye’s first transition-bond issuance for a low-carbon economy: “As a Bank that has broken new ground in sustainable finance in our country, taking part in Türkiye’s first transition-bond issuance for a low-carbon economy and receiving an award for our work in this area are a distinct source of happiness and pride for us.”

In addition, in the Corporate Governance Rating announced by SAHA Corporate Governance and Credit Rating Services, which conducts ratings in accordance with the Capital Markets Board’s Corporate Governance Principles in Türkiye, the Bank received a high score of 9.32 out of 10, demonstrating that it conducts its activities in parallel with the CMB Corporate Governance Principles and global good practices.

We Bring Companies in Development-Priority Sectors Together with Capital-Market Investors

Stating that the Bank continued its efforts to diversify capital-market products and bring companies in development-priority sectors together with capital-market investors, TKYB CEO İbrahim Öztop said: “Under our Investment Banking umbrella, we provide mergers and acquisitions advisory, capital-markets advisory and financial advisory services, facilitating companies’ access to different financing resources. Within the scope of our investment banking activities, we acted as intermediary for Tarfin’s TRY 40 million sukuk issuance, for which the digital agriculture platform—operating in the agricultural supply chain and bringing technology together with the agricultural ecosystem—was the fund user and Kalkınma Yatırım Asset Leasing Company was the issuer. This was also Tarfin’s first sukuk issuance.”

As the Türkiye Development Fund Grows, We Continue Supporting the Entrepreneurship Ecosystem

Stating that the Türkiye Development Fund was established by the Bank to transform public resources into equity investments focused on national development and to provide strategic support for regional development, innovation and the entrepreneurship ecosystem, Öztop said: “With KOSGEB also joining the Regional Development Fund and Technology and Innovation Fund, two sub-funds of the Türkiye Development Fund, as an investor, the fund size managed through five sub-funds increased from TRY 1.3 billion to TRY 1.5 billion. During the second quarter of 2022, we continued supporting Türkiye’s entrepreneurship ecosystem by making capital payments to major Turkish venture-capital funds including 212 VC, ScaleX, 500Istanbul and Revo as part of our fund