Development and Investment Bank of Türkiye at a Glance

“The Bank emerged as the first financial institution to support workers’ companies and provide financing from abroad. It became a pioneering institution by participating in heavy industry companies such as TAKSAN, TÜMOSAN, TEMSAN, TESTAŞ, also known as SAN companies.”

Technical services were provided to the State Planning Organization (SPO) under the Aid to Africa program. Supported the financing and upgrading of workers’ companies through the Credit Special Fund II (CSF II). It played an active role in the realization of infrastructure investments in the tourism sector and supported the growth of the sector by financing tourism facilities.

“Within the scope of the “Bringing Unfinished Investments and Enterprises with Insufficient Working Capital into the Economy Project”, financing was provided to 525 different companies with a loan of approximately 100 million USD, thus supporting the creation of 9,000 new jobs.”

Through Wholesale Banking (APEX Banking), the Bank provided financing to non-incorporated investments and SMEs. The Bank became a partner in the Türkiye Investment Initiative (TII), led by the European Investment Fund (EIF) established by the European Investment Bank and the European Commission.

The Bank has established the ISO 14001 Environmental Management System within its own organization and is the first public Bank to have this standard. With the Environmental Management System, the Bank has started the necessary activities to identify and mitigate adverse environmental impacts, reduce resource use, and monitor environmental performance.

The Bank has made a significant contribution to the country’s development by providing more than 3 billion TL in financial support.

The Bank decided to increase its issued capital to 500 million TL. This step contributed to further strengthening the Bank’s position as one of the pioneers of the financial sector. The Bank also took an important step forward with its reporting efforts for the CDP Climate Change Program.

The Bank is working with new initiatives to expand its global cooperation network.

The disbursement of the 100 million EUR APEX loan provided by the Council of Europe Development Bank (CEB) was initiated and the loan utilization was completed in 2019.

The financing from the Islamic Development Bank amounted to 200 million USD and the loan disbursement was completed at the end of 2020.

By meeting the “Climate Friendly Organization” criteria of the Turk Standards Institute, the Bank has achieved the status of a carbon neutral Bank that is entitled to receive certification.

The Bank realized Türkiye’s first 3.15 billion TL Asset-Backed Securities (ABS) issuance by establishing the Wealth Financing Fund using the mortgage-backed securities of Türkiye’s leading Banks.

The Bank has been restructured and now operates as Development and Investment Bank of Türkiye.

A loan agreement worth 50 million EUR was signed with the Black Sea Trade and Development Bank for SME financing.

The Industrial and Commercial Bank of China (ICBC) provided a loan of 400 million USD to be used in the Bank’s banking activities.

As part of the restructuring process, the Bank moved its headquarters to Istanbul.

The Bank was a founding signatory of the UNEP-FI Principles for Responsible Banking.

The Bank established the Second Wealth Financing Fund by issuing 1 billion TL worth of Asset-Backed Securities (ABS).

The Bank established the Development Fund of Türkiye.

The Bank published its first sustainability report covering its 2019 activities.

In January 2020, the Bank’s Environmental and Social Policy entered into force with the approval of the Board of Directors.

The Bank started to implement the Sustainability Principles in June 2020.

The Bank’s Climate Change Mitigation and Adaptation Policy entered into force in June 2020.

The Technology and Innovation Fund and the Regional Development Fund were established within the Türkiye Development Fund.

It advised on the establishment and licensing of a company called “Türkiye Securitization Company”, which is expected to play an important role in securitization activities.

The Bank participated in Birleşik İpotek Finansmanı A.Ş. and JCR Avrasya Derecelendirme A.Ş. Kalkınma Girişim Sermayesi Portföy Yönetimi A.Ş. (Kalkınma GSPYŞ) was established as a 100% subsidiary of the Bank for investors who prefer to invest in accordance with CMB regulations.

The Bank has established Kalkınma Yatırım Varlık Kiralama A.Ş., in which the Bank holds a 100% stake.

Provided exclusive financial advisory services to Tarkim Bitki Koruma A.Ş. for the issuance of a 1-year Amortising Sukuk-al-Wakala amounting to 42 million TL for its working capital needs.

Development and Investment Bank of Türkiye (TKYB) provides financial advisory, capital markets advisory and mergers and acquisitions advisory services to major projects in various sectors as well as sectors prioritized for development. Through these services, TKYB both supports existing projects and continues its efforts to meet the financing needs of future projects.

With a transaction worth 50 million TL realized through capital markets, the Bank realized Türkiye’s first social sukuk issuance and signed the Bank’s first sustainable bond issuance.

Palgaz Doğalgaz Dağıtım A.Ş. successfully completed Türkiye’s first low-carbon transition bond issuance amounting to 200 million TL. This important transaction was crowned with the “Best Green Project Financing Bank” award by the International Finance Awards in 2022.

The Bank established the Innovative and Advanced Technologies Venture Capital Investment Fund and the Development Participation Venture Capital Investment Fund supported by TKYB Sermaye Fonu ve Kalkınma Girişim Sermayesi Portföy Yönetimi A.Ş.

The management of the Regional Development Fund and Technology and Innovation Fund was transferred to Kalkınma Girişim Sermayesi Portföy Yönetimi A.Ş.

The Bank was the first and only institution in Türkiye to sign the Impact Management Working Principles led by the International Finance Corporation (IFC).

The Bank received a score of B in CDP’s Climate Change Program, making it the highest scoring institution in the finance sector in 2021.

The first Integrated Report of Development and Investment Bank of Türkiye was published.

The Bank issued a 100 million EUR sustainable Eurobond to contribute to sustainable growth to be allocated to green projects that combat climate change.

The Bank has achieved a high rating of 9.32 points out of 10 by complying with the CMB’s Corporate Governance Principles. This rating indicates that the Bank is in the best practice category and ranks in the first group in the World Corporate Governance Index.

In addition to the ISO 45001 Occupational Health and Safety Management System and ISO 9001 Quality Management System certificates obtained as part of the Integrated Management System activities, the company also obtained the ISO 10002 Customer Satisfaction Management System certificate. This certification aims to increase customer satisfaction and meet future customer expectations by addressing, evaluating, and reducing customer complaints.

The Bank was awarded the “Great Place to Work” certificate based on employee evaluations.

The first Impact Report in line with the Impact Principles has been published.

In 2022, KGSPYŞ established the Development METU Teknokent Venture Capital Investment Fund, a 6,000,000 USD venture capital investment fund.

The Bank intermediated Türkiye’s first low-carbon transition bond issue.

In the Environmental, Social and Governance (ESG) risk rating study conducted by Sustainalytics, a global sustainability assessment organization, the Bank received a risk rating of 11.0, placing it among the leading institutions in Türkiye.

The Bank intermediated Türkiye’s first low-carbon transition bond issuance and received an award in the “Best Green Project Financing Bank 2022” category at the International Finance Awards.

Within the scope of the protocol signed between the Bank and COMCEC Coordination Office, 2 out of 24 projects were canceled and 16 projects were completed in 2022. Six projects are still in the financial reporting and disbursement process. In 2022, a payment of 15,649,212.64 TL was received within the scope of COMCEC and 12,643,154.38 TL of this amount was transferred for the projects.

The Ministry of Industry and Technology and KOSGEB have formed strategic partnerships by participating as investors in the Regional Development Fund and Technology Innovation Fund, which are sub-funds of the TIF. With the additional commitments made by KOSGEB in 2022, the Technology and Innovation Fund reached a size of 475 million TL.

At the Global Sustainable Finance Awards organized by the European Organization for Sustainable Development (EOSD), the Bank received an award in the “Outstanding Sustainable Project Financing” category for its innovative contributions to the Sustainable Development Goals and financing activities that apply ESG criteria.

In 2022, the Bank announced its Sustainable Financing Framework to the public. This framework is in line with the International Capital Market Association (ICMA) Green Bond Principles, ICMA Social Bond Principles, Loan Market Association (LMA) Green Loan Principles and LMA Social Loan Principles and Second Party Opinion (SPO) has been obtained.