Development and Investment Bank of Türkiye’s Total Assets Reach TRY 154 Billion

Development and Investment Bank of Türkiye disclosed its financial results for 2024 on the Public Disclosure Platform (KAP). In 2024, TKYB increased its total assets by 14% year on year to TRY 154 billion.

TKYB’s net profit increased by 53% year on year to approximately TRY 6.2 billion, while its loan portfolio reached TRY 95 billion. The Bank’s average return on equity stood at 38% in 2024. The ratio of gross non-performing loans to total loans was 0.77%.

“For 50 Years, We Have Played a Leading Role in Helping Türkiye Achieve Its Sustainable Development Goals”

İbrahim Öztop, CEO of Development and Investment Bank of Türkiye, stated that the Bank—which celebrated its 50th anniversary in November—supports numerous sectors from industry and green energy to tourism and technology through its long-term financing solutions and mission of supporting strategic investments, and plays a leading role in helping Türkiye achieve its sustainable development objectives. Öztop said: “With our strong reputation among international financial institutions, our Bank continued to provide resources to the Turkish economy and took important steps in 2024 towards achieving Türkiye’s sustainable development and green-transition objectives. Thanks to our long-standing cooperation with international development finance institutions, last year we brought new financing to our country from the World Bank, the Islamic Development Bank, the OPEC Fund for International Development and the International Islamic Trade Finance Corporation (ITFC). As a result of our work, we significantly increased the diversity of our sustainable and inclusive resources over the past five years, bringing the total resource volume to USD 3.8 billion. We stand by our investors in financing projects that increase exports, reduce the current-account deficit, contribute to increasing our country’s production capacity, create new employment opportunities and support the green transition. Through the thematic funds we secure, we contribute to investors’ access to finance in many areas, particularly value-added production, renewable energy and energy efficiency, climate finance, food security, disaster resilience, emissions reduction, financial inclusion and SME finance, technology and regional development. In 2025, we will continue our efforts to bring new resources into our country and support projects that add value to Türkiye, in line with our sustainable development vision and objective of supporting climate-friendly projects.”

“Our Impact on the Entrepreneurship Ecosystem Grows Every Year”

Describing 2024 as a year of major progress for the Türkiye Development Fund, Öztop said: “Last year, to support other funds in the entrepreneurship ecosystem, we established the USD 50 million TKYB Fund of Funds with contributions from the Republic of Türkiye Ministry of Treasury and Finance and our Bank, taking an important step towards our goal of supporting high-technology ventures and creating globally competitive companies from Türkiye. Under the Türkiye Development Fund, which comprises nine sub-funds, we continued making equity investments in innovative ventures and companies with high growth potential. During 2024, through its sub-fund the TÜBİTAK BiGG Fund, the Türkiye Development Fund increased the number of investments made in ideas that had received TÜBİTAK’s Seal of Excellence to 345, positioning Türkiye among the European countries making the largest number of pre-seed investments.”

Emphasising that the Türkiye Development Fund had made direct and indirect investments in ventures across different sectors during the past year and had become an important actor in the entrepreneurship ecosystem, Öztop said: “Our investments in different sectors continued through the Invest 101 fund, which invests in early-stage ventures and increased its fund size to more than USD 22 million by the end of 2024. Following a new closing, the Innovative and Advanced Technologies Participation Venture Capital Investment Fund’s size exceeded TRY 610 million. As a result, the total resources transferred to the entrepreneurship ecosystem by the Türkiye Development Fund reached approximately USD 40 million, comprising USD 19.2 million transferred to 27 companies in its direct-investment portfolio, approximately USD 9 million transferred to 345 ventures under the TÜBİTAK BiGG Fund, and approximately USD 11.5 million in commitments to five venture-capital funds. With its nine funds, TKF increased its number of investors to more than 175, expanding its investor base and increasing its impact on the ecosystem through the close relationships it has established with public- and private-sector stakeholders.”

“Sustainability-Themed Loans Account for 93% of Our Total Portfolio”

Stating that the Bank continued its activities within the framework of the Paris Agreement and in line with Türkiye’s net-zero emissions objectives, Öztop said: “We aim to be a pioneer of the green transition in Türkiye and, in line with this objective, contribute to our country’s economic and social development journey by offering environmentally responsible financing solutions. We are one of the few banks to apply an Environmental and Social Risk Assessment and Monitoring Process to the loans we allocate regardless of loan amount, maturity or sector. The fact that sustainability-themed loans account for 93% of our loan portfolio is the clearest indication of the importance we attach to our sustainable development mission. Our Bank, which has financed 6% of Türkiye’s renewable energy projects, has supported the avoidance of a total of 4.6 million tonnes of CO₂ emissions through the projects it has financed. In addition, as the first bank in Türkiye to sign the Operating Principles for Impact Management (OPIM), we published our third Impact Report this year. Alongside contributing directly and indirectly to 15 of the United Nations Sustainable Development Goals, we are proud that our loans linked to these goals have reached a total of USD 2.8 billion.”