TSKB Works for Sustainable Rhythm of Turkish Economy for 60 Years…
Turkish Industrial Development Bank (TSKB),the first privately owned investment and development bank is proud of leaving 60 successful years behind…
TSKB continues to support investments of Turkish private sector since its establishment, June 2nd, 1950,without slowing down. TSKB keeps its leading role for 60 years successfully, that it has undertaken through developments it has brought in.
With long-term financing provided from supra-national organizations particularly including the World Bank and the European Investment Bank through the guarantee of R.T. Undersecretariat of Treasury, TSKB contributes to development of the country. Extending 3.8 billion USD of new credits within the last five years, TSKB has supported 8 billion USD of fixed capital investments throughout Turkey.
Sustainable banking and renewable energy…
Due to its sustainability mission, paying special attention to investments that will decrease the effect of climate change to leave a more habitable world for future generations, it has obtained 1.2 billion $ of fund in total from sources of supra-national financial organizations within the scope of financing renewable energy and environment investments. It has extended 615 million $ of credit to 127 projects in total up to today and still continues that.
As of April 2010, TSKB has examined more than 200 renewable energy projects and financed 83 renewable energy projects in total. Total installed power of the projects financed is reaching to 2260 MW. The total amount to be transferred to those projects by TSKB is 1,3 billion USD. 23 projects with 640 MW installed power out of projects financed have been completed and have started to produce electricity. With operation of the renewable energy projects financed by TSKB, greenhouse gas emission of Turkey will decrease 5.3 million tons. TSKB has also provided 23 million $ finance in total to 6 projects within the scope of Energy Efficiency.
Support for employment and growth…
In the last 10 years, with corporate credits extended to small and medium-sized enterprises, TSKB has received 520 million $ fund in total from supra-national finance organizations within the scope of SME finances. It has extended 426 million $ credits to 140 projects until now and still continues that.
It has received 1.200 million $ fund from supra-national finance organizations for 22 financial organizations involving 12 leasing companies and 10 banks within the scope of APEX loans that it finances SMEs via banks and financial leasing companies. It has extended 1.1 billion $ loan to 962 companies through financial organizations and still continues that.
TSKB has contributed to creation of 30 thousand new employments through loans it has extended within the last 5 years, which means 25% employment increase in establishments financed and contribution of the bank to development of the country.
TSKB increased its funding by making 1.1 billion $ of additional resource agreement in 2009 and that success obtained in the crisis environment has expanded loanextension opportunities for 2010 and later.
TSKB continues its leadership in Investment banking…
With innovative products brought in investment banking in 2009, TSKB has brought new developments in Capital-Guaranteed Fund market and gained a place in that field. It has exported 7 capital-guaranteed funds in total until today.
In May, TSKB made a development with Istanbul Stock Exchange Market and has started to publish the Energy index. As number and size of the companies in the index increase, TSKB Energy Index will be a significant indicator of development of Turkish economy.
Also continuing to its supporting activities for development of capital markets in Turkey without slowing down, TSKB has applied to Capital Markets Board to export “warrant”.
Within the scope of corporate financing activities, TSKB has offered GYO and AKSA to public within the current year within the scope of public offering campaign in Turkey.
It has also performed strategic counseling in parallel to its leading position in investment banking. Most important ones among those are “Privatization of highways and bridges” and counseling for privatization of 6 ports in Turkey. Privatization of three of the ports in question has been completed currently.
Studies are going on for participation in privatization of electricity distribution carried out and to be carried out in 2010 and highway projects to be started in the next period. Studies have also started for transferring resource by TSKB to a HEPP finance that Turkish investors will carry out abroad in 2010 for the first time.
Environment-friendly banking mission…
In the beginning of 2007 TSKB obtained Environment Management System ISO 14001 certificate and first carbon-neutral bank title, and has become a member of UNEP Finance Initiative and United Nations Global Compact.
Financial Times –IFC Sustainable Banking of the Year Awards, it has received in 2008 and 2009, encourages the bank to take powerful steps forward for future developments.
60th Year Message from General Director Halil Eroğlu…
Halil Eroğlu, Director General of TSKB spoke in the press conference held in honor of TSKB’s 60th year and said, “Turkey’s Industrial Development Bank was established on the Central Bank of the Turkish Republic’s and the World Bank’s initiative in the post-period of 2nd World War while Turkey was switching to multi-party system and in a growth potential. Many private banks, various chambers and non-governmental organizations, and big industrial companies contributed to the capital of TSKB. Until foreign currency was permitted in Turkey in 1980s, TSKB was the only institution providing Turkish private sector with long-term foreign-currency loan for financing fixed capital investments. When we look into the historical leadership of TSKB in supporting development of capital markets, another establishment mission of it, we see that TSKB had started trading company stocks before Istanbul Stock Exchange Market was established. Today, TSKB’s loans exist in the establishment of many big brands and private enterprises operating in various locations in Anatolia. Having a special mission, we continue undertaking a significant role in development of Turkish economy since that day. Due to our strong cooperation with supra-national financial organizations, we receive fund for development of our country and have provided continuous support to the increase of private sector. We contribute to increase in production and employment by providing loan to investment projects. We have created 30 thousand employments within the last five years. We have made significant developments in investment banking. We have introduced qualified products to Turkish finance world. With our sustainable banking mission and the support that we provide for renewable energy projects, we have invested in future of the country and we will continue to do that. As TSKB, we are proud of achieving those successes and taking firm steps forward to new targets.”
A book project special for the 60th Year: Sails of the Wind (Rüzgarın Kanatları)…
Among renewable energy sources, wind power has become the energy source with the most increase in use throughout the world in recent years. Turkey’s environment friendly bank TSKB which is leader in financing renewable energy has enriched its 60th year with the distinctive book called “Sails of the Wind” built by the strong pen and impressive objective of Özcan Yüksek.
“Sails of the Wind” draws attention to renewable energy sources and the importance of sustainability by using windmills and wind as a metaphor.
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