TSKB Sustains Robust Financial Performance in the First Quarter of the Year in Line with Year-end Targets
TSKB has announced its financial results for the first quarter of 2026. The Bank’s bank-only financial statements indicated that its total asset size rose to TL 346,4 billion. During the same period, the Bank's long-term cash loan disbursements focusing on Türkiye's sustainable development reached approximately USD 820 billion, and its loan portfolio grew by 6,3% on a FX-adjusted basis to reach TL 256,1 billion. TSKB achieved a return on equity of 25% in this period. TSKB CEO Ozan Uyar said that while the first quarter of 2026 was marked by major geopolitical developments, TSKB delivered a robust financial performance in the first quarter of the year in line with its targets for 2026 year end, while taking into account its multidimensional development goals and sustainability vision into account.
TSKB (Industrial Development Bank of Türkiye) announced its financial results for the first quarter of 2026. As Türkiye's first private development and investment bank, TSKB’s support to Turkish economy via long-term cash loans reached approximately USD 820 million in the first quarter of the year, resulting in an FX-adjusted growth rate of 6,3%. In the first three months of 2026, loans extended mainly focused on capacity expansion in the manufacturing sector, reconstruction of earthquake-affected regions, renewable energy including storage investments, energy and resource efficiency, electrification, climate-related industries and women’s employment.
In terms of financial indicators, the Bank's total asset size surged by 6% to reach TL 346,4 billion, while the loan portfolio expanded by 8,5% to TL 256,1 billion. While the share of loans within the total assets was 74%, the share of SDG-linked loans in the total portfolio stood at 93%. Revising upwards its sustainable finance targets, TSKB increased its SDG-linked finance target from USD 10 billion to USD 15 billion and its climate finance target from USD 4 billion to USD 5 billion by 2030. In addition to its focus on environmental development, the Bank also prioritizes social development and has set a new social finance target of USD 3 billion for the 2024–2030 period.
In addition to the Bank's strong performance, revenues were supported by the significant quarterly decline in provision expenses thanks to strong asset quality and by ongoing collections. Accordingly, the bank posted a net income of TL 2,9 billion in the first quarter of the year, having delivered a return on equity of 25% in line with the year-end projections.
Further strengthened with new funding facilities secured from international capital markets and development finance institutions, the Bank's funding structure continues to support its growth strategy. In April, TSKB signed a EUR 150 million funding agreement with the French Development Agency (AFD), the ninth collaboration between TSKB and AFD, to provide financing to circular economy investments in Türkiye and to companies aiming to improve their circular economy practices.
TSKB CEO Ozan Uyar: "We made a strong start to 2026 by focusing on our country's strategic development goals and our sustainability vision"
TSKB CEO Ozan Uyar commented on the first quarter financial results. "We made a strong start to 2026, a year of multidimensional uncertainties on a global scale, by focusing on our country's strategic development goals and our sustainability vision. In the first quarter of the year, the support we extended to Turkish economy via long term cash loans reached approximately USD 820 million, which translated into an fx adjusted loan growth of 6,3% and expanded our loon book to TL 256,1 billion. Our new disbursements focused on capacity expansion in the manufacturing sector, reconstruction of earthquake-affected regions, renewable energy including storage investments, energy and resource efficiency, electrification, climate-related industries and women’s employment. In this period, through our lending, advisory services and investment banking operations, we continued to support our stakeholders in their journey to access green transformation opportunities, grow more resilient to climate risks and increase their competitiveness. We will continue to dedicate our efforts on the multidimensional development of our country, leveraging the momentum from our strong collaborations."
