Industrial Development Bank of Turkey
TypePrivate company
IndustryBanking
Founded1950 (1950) in Istanbul, Turkey
Headquarters
Istanbul
,
Turkey
ProductsEconomic development
Websitewww.tskb.com.tr/en

The Industrial Development Bank of Turkey (TSKB) was Turkey’s first privately-owned investment and development bank and was established in 1950.[1] Its headquarters are in Istanbul.[2]

47.68% of the bank's shares are owned by Türkiye İş Bankası and its Group companies and 8.38% by Türkiye Vakıflar Bankası, while the remaining 43.94% is traded on the Borsa Istanbul (BIST) under the ticker "TSKB."[3]

It has been supported by the World Bank.[4] In early 2023, its P/E ratio was around 10.[5] In 2022, it was rated B by Fitch.[6]

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. ↑ "Bizi Tanıyın". 2020-01-30. Archived from the original on 2020-01-30. Retrieved 2023-07-12.
  4. ↑ "Turkey - Eighth Industrial Development Bank (TSKB) Project". World Bank. Retrieved 2023-03-05.
  5. ↑ "TSKB.E | Turkiye Sinai Kalkinma Bankasi A.S. Stock Price & News". WSJ. Retrieved 2023-03-05.
  6. ↑ "Fitch Affirms TSKB at 'B', Outlook Negative; Downgrades VR to 'b'". www.fitchratings.com. Retrieved 2023-03-05.
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