Investor Relations
Corporate Information
Shareholding Structure Trade Registry Information Auditor Information
Corporate Governance
Corporate Policies Corporate Governance Compliance Report Capital Increase Information Committees Corporate Governance Rating Report Material Disclosures General Assembly Information
Corporate Legislation
Law of Establishment Articles of Association
Subsidiaries
Development Venture Capital Portfolio Management Inc. Development Investment Asset Leasing Inc United Mortgage Finance Inc. JCR Eurasia Rating Inc IVCI Maksan Malatya Makine Sanayii A.Ş. Takasbank Istanbul Settlement and Custody Bank Inc.
Financial Reports
Annual Reports Interim Annual Reports Audit Reports Investor Presentation
Credit Ratings
Contact
Fees and Commissions Contact Us TR
Home Page
About Us
Press Room
News From Us
Development and Investment Bank of Türkiye’s Total Assets Exceed TRY 100 Billion

Development and Investment Bank of Türkiye’s Total Assets Exceed TRY 100 Billion

April 28, 2023

In the first quarter of the year, the Bank increased its total assets by 76% year on year and 12% compared with year-end to TRY 102.5 billion. Through financing support provided to projects of importance to Türkiye’s future, it increased its loan portfolio by 55% year on year and 10% compared with year-end to TRY 66.7 billion.

Development and Investment Bank of Türkiye’s Total Assets Exceed TRY 100 Billion

Development and Investment Bank of Türkiye disclosed its financial results for the first quarter of 2023 on the Public Disclosure Platform (KAP). In the first quarter of 2023, the Bank increased its total assets by 76% year on year and 12% compared with year-end to TRY 102.5 billion, while net profit rose by 87% to approximately TRY 662.8 million. The loan portfolio increased by 55% year on year and 10% compared with year-end to TRY 66.7 billion. The Bank’s average return on equity stood at around 33% as of the end of March 2023. The ratio of gross non-performing loans to total loans remained at 1.35%, below the banking-sector average. The Bank’s capital adequacy ratio stood at 15.96%.

“We Will Make EUR 110 Million Available to Our Investors to Combat Climate Change”

Stating that the Bank brings resources secured from international institutions together with new investments to support the sustainable transformation of the Turkish economy, TKYB CEO İbrahim Öztop said: “As Development and Investment Bank of Türkiye, we take responsibility for alignment with the principles of the Paris Agreement, to which our country is a signatory, and for the 2053 net-zero carbon objective. In this context, we have provided the necessary financing support to 236 energy projects with approximately 4,233 MW of installed renewable energy capacity. Around 80% of our portfolio consists of sustainability-themed loans. We contribute directly or indirectly to 15 of the 17 Sustainable Development Goals. As a Bank, we are making the EUR 100 million Climate Finance Loan signed between the German development bank KfW and the Republic of Türkiye Ministry of Treasury and Finance, together with an additional EUR 10 million grant funded by the German Government, available to investors. We are pleased that this agreement will enable us to support the reduction of greenhouse-gas emissions and sustainable development in our country. As we have done to date, we will continue working for Türkiye’s sustainable development. In addition, due to the tragic earthquake disaster in our country, we donated TRY 100 million to AFAD. We will continue supporting our citizens in the region in the period ahead.”

“We Take an Active Role in Developing the Venture-Capital Ecosystem”

Stating that the Bank resolutely continued direct investments through the Türkiye Development Fund, which it founded, Öztop said: “Through our Innovative and Advanced Technologies Fund, managed under the Türkiye Development Fund and focused particularly on defence-industry ventures, we invested in Beam Teknoloji. With this investment, we are providing financing to the cybersecurity company to expand its testing and evaluation laboratory capacity and ensure sustainable growth while maintaining its export focus. In addition, through our investments in digital-marketing company Wask via our Technology and Innovation Fund and in holistic resource-management company Fazla via our Capital Fund, we take an active role in developing Türkiye’s venture-capital ecosystem.”