02

Summary: Board’s Report

In 2022, the Bank maintained its consistent performance.

Due to geopolitical risks and global financial conditions, global economic activity began to decelerate in the second quarter of 2022. Global economic growth, which reached 5.9% in 2021, is estimated to have slowed to 2.9% in 2022 as a result of the slowdown, which became more pronounced in the fourth quarter.

Despite growing concerns about a global recession, global supply shocks, and the war between Russia and Ukraine, the economy of Türkiye continued to expand. Since the last quarter of 2019, economy of Türkiye has expanded continuously, ranking first among G20 nations and second among OECD nations.

In 2022, our bank continued its strong performance trend. Examining the year-end financial indicators of our bank revealed that our assets reached 92 billion TL as of the last quarter of 2022, representing an increase of 89% compared to the same period of the previous year.

Our Bank continues to contribute to sustainable growth by providing credit support for investments in line with our nation’s development goals.

In December 2022, our loans, which represented 66% of our total assets, reached 60,3 billion TL.

Compared to the end of 2021, our loan volume increased by 61%, and the ratio of gross non-performing loans to total loans decreased by 0.8 percentage points to 1.48%. The capital adequacy ratio for the previous quarter was 16.67. Our profit for 2022 was 1,691.4 million TL.

Our Bank will continue to work towards the sustainable growth and development of our country with its strong capital structure, expertise in Development and Investment banking, Türkiye Development Fund, and the goal of bringing depth and diversity to Türkiye’s capital markets by focusing on sustainable development and playing an active role in realizing environmentally and socially sensitive investments since its establishment.

As the Board of the Development and Investment Bank of Türkiye, we would like to extend our gratitude to all our stakeholders who contributed to all of our activities during the operating period of 2022 and present the Board of Directors’ and Auditors’ Reports and financial reports of the Development and Investment Bank of Türkiye for 2022 for your consideration.

The Development and Investment Bank of Türkiye Board of Directors