Corporate Governance Principles Compliance Report

The Development and Investment Bank of Türkiye, as one of Türkiye’s top development banks, operates in accordance with Law No. 7147, the Banking Law, and other necessary legislative rules. Furthermore, the Bank strives to optimize conformity with the Capital Markets Board’s Corporate Governance Principles. It seeks to maximize compliance with non-required principles in addition to these mandatory principles.

Although TKYB strives to comply with all the Corporate Governance Principles, there have been challenges in fully implementing some of the principles, and some of these standards are not entirely consistent with the Bank’s and the market’s current structures. However, these principles, which have not yet been implemented, are being rigorously explored, and how they may make the Bank’s administration more effective is being investigated through legal, administrative, and technical infrastructure studies.

The Corporate Governance Compliance Report (CRF) and Corporate Governance Information Form (CGIF) will be published on the Public Disclosure Platform (PDP) platform in accordance with the Capital Markets Board resolution dated 10.01.2019 and numbered 2/49 as part of the Corporate Governance Communiqué numbered
II-17.1.

TKYB’s Corporate Governance operations were carried out in compliance with the Capital Markets Board’s Corporate Governance Principles throughout 2022. The Board of Directors and Board Committees were constituted in accordance with the communiqué at the same year’s Ordinary General Assembly Meeting, and these committees continue to carry out their activities efficiently.

Corporate Governance Rating

According to a study provided by Saha Kurumsal Yönetim ve Kredi Derecelendirme Hizmetleri A.Ş. on April 15, 2022, The Development and Investment Bank of Türkiye received a Capital Markets Board (CMB) Corporate Governance Principles Compliance Rating Score of 9.32. Despite the fact that this was the Bank’s first corporate governance rating study, it was a success. According to the World Corporate Governance Index, this rating allowed the bank to be rated top.

The evaluation was based on judgments of TKYB’s adherence to corporate governance principles in four major categories. The table below illustrates the key categories and how the scores in these categories impacted the Bank’s total compliance rating. The high compliance grade demonstrates TKYB’s corporate governance standards expertise and commitment to continual progress.