TSKB Maintains its Strong Financial Performance in the First Half of the Year

TSKB has announced its financial results for the first half of 2025. According to the Bank’s bank-only financial statements, it has reached a total asset size of TL 286.9 billion with a YTD rise of 24%. Approximately USD 2 billion of new cash and non-cash loan disbursements, TSKB increased its loan portfolio to TL 206.4 billion with a growth of 4.5% on an FX-adjusted basis and achieved a return on equity of 31.3%, continuing to differentiate itself from the sector. During the second quarter of 2025, 93% of TSKB's loan portfolio consisted of loans linked with Sustainable Development Goals (SDGs) and approximately 60% with climate and environment. TSKB CEO Murat Bilgiç said, "We are proud of announcing strong financials that exceeded our expectations in this special year during which we celebrate the 75th anniversary of our Bank. We have reinforced this success with our capital adequacy well above the sector average, our new funding agreements that support Türkiye's sustainable development goals as well as our pioneering long-term projects."

Creating lasting value for Türkiye's multifaceted development for 75 years, TSKB (Industrial Development Bank of Türkiye) shared its financial results for the first half of 2025. The Bank has announced that TSKB's total asset size increased by 24% year-to-date to TL 286.9 billion in the first half of the year according to the bank-only financial statements. Having grown its loan portfolio by 4.5% to TL 206.4 billion on an FX-adjusted basis, TSKB generated a net profit of nearly TL 6.5 billion in the first six months of the year, reaching a return on equity of 31.3%.

In this period, the Bank achieved a capital adequacy ratio of 20.3% and expanded its economic, environmental and social impact through projects and new collaborations in line with its development mission. Continuing to support SDG-oriented projects for Türkiye's inclusive and sustainable future, TSKB has financed pioneering projects in the fields of green transformation, climate transition risk management and inclusion. It has provided approximately USD 2 billion in cash and non-cash loan support to the Turkish economy for energy efficiency, renewable energy, climate and earthquake financing, capacity-building and technology investments in the manufacturing sector, and women and youth employment.

In the second quarter, TSKB successfully realized the first investment of the Türkiye Green Fund, the first venture capital in Türkiye and in the world with a focus on emissions reduction and inclusive transformation, which was launched last year and established under the guarantee of the Republic of Türkiye Ministry of Treasury and Finance and through the funds offered by the World Bank. İş Enerji, a subsidiary of İşbank Group, and the "Clean Energy Fund and Atlas Fund" managed by Maxis Venture Capital made a total capital investment of EUR 45 million in wind turbine manufacturer Ateş Çelik.

Stating that TSKB has been creating lasting value by actively utilizing all capital elements for Türkiye's sustainable development for 75 years, TSKB CEO Murat Bilgiç said: "We succeeded in maintaining our performance diverging from the sector during the second quarter of the year. In this period, we continued to diversify our funding structure, securing approximately USD 700 million in funding. Our new funding agreement with the Austrian Development Bank (OeEB) for EUR 25 million in May, which will be used to finance renewable energy and energy efficiency investments, is the third agreement we have signed with OeEB. During the same period, we signed a USD 200 million funding agreement with the Asian Infrastructure Investment Bank (AIIB) under the guarantee of the Republic of Türkiye Ministry of Treasury and Finance. This is our third loan agreement with the AIIB and will be used to finance private sector projects in areas such as renewable energy, energy efficiency, climate industries and digital infrastructure for combating and adapting to climate change. In June, we signed a new EUR 75 million loan agreement with the European Bank for Reconstruction and Development (EBRD) to support youth employment and companies in the regions affected by the earthquake of February 6th by adding another one to the financing practices launched through our vision of supporting Türkiye's sustainable and inclusive development. In addition to these, we issued a USD 350 million bond with a maturity of 5 years, expanding TSKB's investor base in international markets and reaffirming our strong reputation and investor confidence with a 50-basis point price improvement from opening to closing. These activities clearly demonstrate the strong reputation of our Bank at the global level as well as the success of the sustainable growth strategy we have consistently put forward."