TSKB’s Asset Size Reaches TL 115.6 billion
TSKB has announced its 2022 year-end financial results. According to Bank’s bank-only financial statements, it has reached a total asset size of TL 115.6 billion. In his statement, TSKB CEO Murat Bilgiç said; “We have completed 2022 in line with our guidance. As a bank that has created value with its sustainable development focus and has brought many pioneering practices to the sectors it has financed we will continue to create a strong value chain in 2023 given our financial facilities, expertise and strong stakeholder engagement in order to make a qualified contribution to the future of our world and our country.”
TSKB (Industrial Development Bank of Türkiye) has announced its financial results for 2022 and its guidance for 2023. Achieving results in line with expectations, TSKB’s total asset size reached TL 115.6 billion in 2022, rising 37 percent year-on-year. The total loan portfolio, which accounts for 69% of the Bank’s total assets amounted to TL 80.3 billion. Bank’s shareholders’ equity has increased by 84% to TL 12.8, while its net profit for the year amounted to TL 4 billion. Supported by profitability and healthy asset quality, its capital adequacy ratio (excluding temporary BRSA regulations) reached 17.9%.
“TSKB CEO Murat Bilgiç: We have a great opportunity to shape our next century in line with the sustainability and social inclusion principles and climate risk mitigation.”
Commenting on the Bank’s 2022 results, TSKB CEO Murat Bilgiç stated; “Despite various global challenges in 2022, particularly geopolitical developments and the climate crisis, we have completed the year in line with our targets. 2023 is a very meaningful year for our country due to the hundredth anniversary of our Republic. We stand before a great opportunity to shape our next century in line with the sustainability and social inclusion principles and climate risk mitigation. I sincerely believe that our country, defined by its unique characteristics thanks to its geographical location, natural resources and qualified human capital, can write a successful story of transformation with its strong economic actors. As a bank that has created value with its sustainable development focus and has brought many pioneering practices to the sectors it has financed, we will continue to create a strong value chain in 2023 given our financial facilities, expertise and strong stakeholder engagement in order to make a qualified contribution to the future of our world and our country.”
“We need to implement circular economy principles that prioritize permanence and environmental sensitivity at all stages of production”
Underlining that climate change ranks first among the risks that threatens humanity on a global scale, Bilgiç went on to add, “As a country, we are taking firm steps towards turning our renewable energy potential into production. We have reached a significant level of awareness in the field of energy and resource efficiency. Now, we need to implement circular economy principles that prioritize permanence and environmental sensitivity to all stages of production processes, from raw material use to waste generation. At TSKB, mitigation of climate risks and effective adaptation of our real sector to these risks have been among our primary strategic focuses for many years. We generate active value in all areas that fall under the broad definition of sustainability. We are constantly expanding our sphere of influence and solution alternatives with our unique financial models that include assessment and development methodologies, as well as investment banking and advisory services we offer for the green and inclusive transformation of our customers.”
“The amount of new funding we have secured in 2022, being predominantly climate finance themed, have exceeded USD 750 million.”
In 2022, a year of high global volatility, TSKB successfully continued its effective cooperation with development finance institutions. Bilgiç said: “The amount of new funding we have secured from our international stakeholders, predominantly climate finance themed, have exceeded USD 750 million. With these new funds, we will continue to effectively contribute to our country’s Net-Zero targets by financing investments in renewable energy, energy efficiency, emission reduction, circular economy and climate change adaptation. We will also continue to support the transformation of our customers to increase women employment, which has been our focus for a long time.”
“We are in the world league, with Net-Zero future commitments”
Indicating that TSKB continued its determined steps towards Net-Zero future in 2022 and achieved significant success among the world league, Bilgiç continued his assessment as follows: “We became a signatory of the Net-Zero Banking Alliance established by the United Nations Environment Programme Finance Initiative (UNEP FI). With this signature, we commit to align our loan and investment portfolio with zero emission targets by 2050. In the coming period, we will transparently share with our stakeholders, our roadmap and our targets that will be shaped in line with our commitments, as well as our related performance. On the other hand, in 2022 we further improved our ESG risk rating, assigned by Sustainalytics and were assessed with a 7.9 Risk Rating, indicating a ‘negligible risk level’. With this risk rating, we are ranked as the top bank in Turkey and have been among the best banks in the global arena. In addition to all these, we have increased our CDP Climate Change Report score, which is one of the world’s most important initiatives in the field of climate change and we have been publishing since 2010, to that of leadership level and have ranked among the first among Turkish banks.”,
“We need to ensure that examples that create meaningful and measurable impact are distinguished through responsible communication”
Murat Bilgiç also mentioned TSKB’s Responsible Sustainability Communication Policy, a first in the Turkish finance sector, and said, “For an effective green transformation, we need to make use of the time ahead and take every step in a systematic manner. All sectors should be aware of the concept of greenwashing. And must ensure examples that create meaningful and measurable impacts are distinguished, through responsible communication. As TSKB, with our Responsible Sustainability Communication policy, we have made a commitment to ensure that our brand communication efforts make a measurable contribution to the 10 principles of, the UN Global Compact, the UNEP FI Responsible Banking Principles and the UN Sustainable Development Goals (SDGs), from the perspective of our country’s economic, environmental and socio-cultural development. We have set out with the principle of considering the environmental and social footprint of our communication activities, which we carry out in integration with our sustainability strategies and goals, and raising awareness in all sectors in this area. Because we see inter-organizational learning and know-how sharing as an important element of the green transformation journey. We hope that our policy, which we have prepared as a detailed guide, will inspire all brands and that similar commitments will increase in the coming period.”
“We are excited for the new century of our Republic.”
Murat Bilgiç said that their work has brought significant achievements and prestigious awards both in Turkey and globally and added, “TSKB is a 73-year-old institution that has been working with the mission of sustainable and inclusive development, and we are as excited as if we had just begun. Our motivation to expand the qualified impact we create with our well-established collaborations, finance opportunities, investment banking and advisory services based on knowledge and expertise, as well as our long-term social responsibility projects in Turkey and on the international arena increases every day. As the TSKB Family, including our subsidiary companies, we are aware of our mission of sustainable development with our competent human resources and we are excited for the new century of our Republic.”
