Development and Investment Bank of Türkiye’s Financial Performance
In a period of heightened global recession concerns and downward
revisions to growth forecasts, the Turkish economy continued to grow
uninterruptedly since the third quarter of 2020 with the contribution of
consumption and exports.
The sector’s total assets reached TL 14.3 trillion in December 2022, up
56% year-on-year. Loans, which have the largest share, increased by 55%
year-on-year to TL 7.6 trillion. Loans, which have the largest share,
increased by 55% year-on-year to TL 7.6 trillion. In addition, the
capital adequacy standard ratio increased by 1.1 percentage points to
19.5%, well above the legal requirement.
Maintaining its success in banking activities with its 48 years of
experience and know-how, Development and Investment Bank of Türkiye
continues to improve its financial and operational performance day by
day. In 2022, in line with its strategic goals, the Bank played a role
in supporting sustainable development by adopting a responsible banking
approach to create value for all its stakeholders and achieved strong
financial and operational results.
As of December 2022, the Bank’s assets reached TL 92 billion,
representing 89% growth compared to the end of the previous year and
clearly demonstrating its strong and stable performance. Loans accounted
for 66% of total assets and increased by 61% year-on-year to TL 60 billion.
The ratio of gross non-performing loans to total loans decreased by 0.8
percentage points year-on-year to 1.48% in the last quarter of 2022.
The Bank’s net profit for 2022 increased by 108% year-on-year to TL 1.7
billion. The capital adequacy ratio was realized as 16.67% in the last
quarter.
|
Financial Indicator
|
2021 |
2022 |
|
FX Adjusted Loan Growth
|
13,8 |
35,6 |
|
Loan/Asset Ratio
|
77,5 |
65,9 |
| Net Fee & Commission Increase |
89,7 |
76,4 |
|
Increase in Operating Expenses
|
24,7 |
88,5 |
|
Net Interest Margin
|
3,9 |
4,1 |
|
Return on Equity Ratio
|
20,2 |
31,1 |
|
Return on Assets Ratio
|
2,4 |
2,4 |
|
Expense/Revenue Ratio
|
11,0 |
73,2 |
|
Capital Adequacy Ratio
|
14,3 |
16,7 |
|
Non-performing Loans Ratio
|
2,3 |
1,5 |
|
Net Cost of Risk
|
1,9 |
1,0 |
Development and Investment Bank of Türkiye continued to support the
real sector, production, and employment in 2022 and completed the year
with growth in terms of resource supply, loans, and operational
profitability. The Bank increased its assets by 89% year-on-year to TL
91.60 billion. Likewise, the capital adequacy ratio of Development and
Investment Bank of Türkiye, which increased its shareholders’ equity to
TL 6.84 billion, was realized as 16.67%. In 2023, the Bank will continue
to focus on digitalization and quality by adding new products and
services to its existing products and services and will continue its
efforts to achieve its financial and operational targets.
The Regional Development Fund and Technology Innovation Fund, which are
sub-funds of the TKYB, have established strategic partnerships with the
participation of the Ministry of Industry and Technology and KOSGEB as
investors. With the additional commitments provided by KOSGEB, the
Technology and Innovation Fund reached a size of 475 million TL in 2022.
In addition, in 2022, METU Teknokent Girişim Destek ve Yatırım A.Ş. and
Development METU Teknokent Venture Capital Investment Fund, in which
the Bank is an investor, were established with a size of USD 6 million.
The Bank aims to contribute to the national economy and support
technology-oriented companies with funds subject to CMB legislation such
as the Innovative and Advanced Technologies Participation Venture
Capital Investment Fund, Development Participation Venture Capital
Investment Fund and Development METU Teknokent Venture Capital
Investment Fund.
Financial Capital
| Regional Development Fund Strategies |
| Investment Types |
Capital Structured capital/Structured debt |
| Investment Focus |
Increasing exports or reducing the current
account deficit in strategic sectors prioritized for
development. |
| Geographical Scope |
-
Companies incorporated in Türkiye and/or
operating in Türkiye
-
Companies that generate more than 50% of
their turnover from
Türkiye.
|
| Target Investments |
Medium-sized companies:
-
Turnover: 20 million-750 million TL
-
It consists of the manufacturing industry,
professional services, information
technologies, pharmaceuticals/healthcare,
and consumer goods sectors.
|
| Number of Targeted Investments |
4-8 Firms |
| Technology and Innovation Fund Strategies |
| Investment Types |
Fund commitments |
Capital Structured Capital/Debt |
| Investment Focus |
Funds aligned with the venture capital coinvestment strategy |
New-generation startups producing/using high technology |
| Geographical Scope |
Funds established in Türkiye and/or making at least 50% of their investments in Türkiye |
Türkiye (with at least 50% of its operations in Türkiye) |
| Target Investments |
GS funds with successful exit experience, well-known in the ecosystem, and a co-investment-focused strategy |
-
Technology-oriented, turnover-generating startups with high growth potential
-
Maximum 50% participation in rounds with lead investors
|
| Number of Targeted Investments |
4-8 Venture Capital Fund |
6-12 Firms |
| TKYB Capital Fund Strategies |
| Investment Types |
Fund commitments |
Capital Structured Capital/Debt |
| Investment Focus |
Funds aligned with the venture capital co-investment strategy |
New-generation startups producing/using high technology |
| Geographical Scope |
Funds established in Türkiye and/or making at least 50% of their investments in Türkiye |
Türkiye (with at least 50% of its operations in Türkiye) |
| Target Investments |
GS funds with successful exit experience, well-known in the ecosystem, and a co-investment-focused strategy |
-
Technology-oriented, turnover-generating startups with high growth potential
-
Maximum 50% participation in rounds with lead investors
|
| Innovative and Advanced Technologies Participation Venture Capital Investment Fund Strategies |
| Investment Types |
Capital Structured Capital |
| Investment Focus |
Companies targeting high technology-oriented production that the defense industry can also use. |
| Geographical Scope |
Companies incorporated in Türkiye and/or operating in Türkiye. |
| Target Investments |
Medium-sized companies:
-
Company Value: 50m TL - 400m TL
-
Turnover: 20m TL - 250m TL
-
EBITDA: 5m TL - 50m TL
|
| Number of Targeted Investments |
2-4 Firms |
| Development Participation Venture Capital Investment Fund Strategies |
| Investment Types |
Capital Structured capital |
| Investment Focus |
Priority sectors for development, manufacturing-oriented, strategic sectors that will contribute to reducing the current account deficit. |
| Geographical Scope |
Companies incorporated in Türkiye and/or operating in Türkiye. |
| Target Investments |
Established and/or operating in Türkiye |
| Number of Targeted Investments |
4-8 Firms |
