The Loan Volume of TSKB Has Reached TL 12.8 Billion in the First Half of the Year
Industrial Development Bank of Turkey (TSKB) has announced its financial results for the first six months of 2015. The total assets of TSKB have reached TL 18.7 billion, whereas its total loan volume has been 12.8 billion in the first half of 2015. TSKB CEO Özcan Türkakın, comments, “In line with the targets we determined for 2015, we have continued to diversify and enrich our resources, while at the same time maintaining our consistent growth.”
Industrial Development Bank of Turkey (TSKB) published its financial results for the first six month period of 2015.
TSKB has increased its total loan size by 16.3 percent since the beginning of the year, to TL 12.8 billion, and its asset size by 19 percent, to TL 18.7 billion.
The pre-tax profits of TSKB, on bank-only basis, rose compared to the same period of last year, reaching TL 254.5 million, while its net profit for the period also surged up by 5.5 percent, to TL 209.6 million.
TSKB, which maintained its equity capital at TL 2.3 billion level in the first six month period of 2015, has obtained approximately USD 900 million of new funding from international institutions and the markets, since the beginning of the year.
TSKB CEO Özcan Türkakın, who stated that TSKB has demonstrated a successful performance since the beginning of the year, said, “In line with the targets we determined for 2015, we have continued to diversify and enrich our resources, while at the same time maintaining our consistent growth. Within this framework, the first half of the year was a period in which we continued to raise new funds from the international markets as well as expanding our loan book. In addition to our second Eurobond issuance amounting to USD 350 million, from the international markets, within the scope of our Medium Term Bond Issue Programme, we have also secured EUR 100 million of SME loan from the European Investment Bank and USD 150 million renewable energy and energy efficiency loan from the Japanese Bank for International Cooperation (JBIC), within this period. Lastly, having rolled over more than 200 percent of our syndication loan, we obtained USD 256 million with the participation of 17 banks.”
Özcan Türkakın, who also underlined that TSKB would continue to support investments in the fields of energy and resource productivity, within the scope of their loan activities, said, “With the issuance of solar energy licences, we have started taking a close interest in solar energy power plant projects; along with the wind energy, geothermal energy and biomass power plant projects.”
