TSKB's asset size reaches TL 51.5 billion
Türkiye Sınai Kalkınma Bankası A.Ş. has announced the operational results for 2020. TSKB's non-consolidated financial statements indicated that the Bank's total asset size reached TL 51.5 billion. TSKB CEO Ece Börü made the following remarks on the subject: "In spite of the difficulties brought about by the pandemic, we continued to offer our qualified support to our business partners and national economy through our sustainability-themed lending operations, innovative products and services throughout 2020. In 2020, the amount of our new financing offering to various sectors including renewable energy and equal opportunities projects in particular surpassed USD 1.3 billion. We will continue to engage in activities aimed at mitigating the impacts of climate change and boosting inclusive development in the upcoming periods while we will also integrate into our services the innovative products associated with environmental, social and governance aspects."
Industrial Development Bank of Turkey (TSKB) has announced the financials for 2020 and expectations for 2021. Achieving results in line with its predictions, TSKB's total asset size reached TL 51.5 billion in 2020, with a rise of 24 percent year-on-year. The Bank's total cash and non-cash loan portfolio grew by 22.5 percent to reached TL 44.1 billion in the same period.
TSKB's equity stood at TL 6.1 billion with a rise of 18 percent and its net profit for the period reached TL 732.8 million in 2020.
Stating that they continued to offer qualified support to their business partners and national economy via their products and services throughout 2020 in spite of the difficulties brought about by the pandemic, TSKB CEO Ece Börü went on to say: "We closely communicated with all our stakeholders and engaged in collaborations in line with inclusive banking principles and in the evidence of our responsibility for development banking. Last year saw the culmination of climate risk studies for TSKB as well as a rise of innovative products associated with environmental, social and governance aspects in terms of both loans and resources and investment banking. In 2020, the amount of our new financing offering to various sectors including renewable energy and equal opportunities projects in particular surpassed USD 1.3 billion while we continued to finance projects leading to positive environmental and social impacts with a focus on the UN Sustainable Development Goals (SDGs). We believe that sharing the impact we have created through our SDG mapping model with our stakeholders in a transparent way is an important step. In 2021, we aim to further increase the added value we have created for the sustainable and inclusive development of our country with the help of recovery. In this respect, we believe that close cooperation with all our stakeholders is of utmost importance."
"We generate solutions for all our stakeholders for green economic recovery"
Reminding that they established the Green Swan Platform in order to act jointly against the climate crisis in the last quarter of the year, Börü stated that through the platform, they launched an initiative involving representatives of the public, private sector and CSOs, international organizations, academics, students and media members. Stressing that they closely followed global and national developments on the "Climate Crisis" under the platform and published data with rich content through their report titled "Climate Review", Börü said that they aimed to generate solutions to drive green economic recovery by thinking together with all their stakeholders.
"We will continue to prioritize the sustainable development of our country in all our business lines"
Indicating that they were ranked the top bank in Turkey and the 6th bank among 372 banks worldwide with an Environmental Social and Governance (ESG) Risk Rating of 16.7 in 2020, Börü went on to say: "Getting strength from our strategies and policies on sustainability in the upcoming period, we will continue to be determined with regard to the management of ESG risk elements. In the evidence of the transformative power of financing, we are involved in the activities boosting the positive contribution of our clients and business partners to sustainable development. Developed together with our Bank's affiliate ESCARUS, our new loan model identifies the self-assessment of firms on social, economic and environmental aspects within the framework of internationally-accepted SDGs, paves the way for the development of the action plans required for creating positive environmental and social impacts together with them and enables the firms taking concrete steps in this direction to have access to affordable financing. TSKB also has long-standing experience in investment banking. We offered alternative financing facilities to our clients through the transactions introduced in 2020 while we brought together sustainability with investment banking and issued a Sustainable Lease Certificate marking the first of its kind in the world in many respects. Our advisory operations contribute to the development and transformation journeys of our stakeholders in line with our mission. As TSKB, we will continue to prioritize the sustainable development of our country in all our business lines. In 2021, we aim to maintain our financial performance on one hand and increase the value created for national economy via our robust equity and liquidity and offer innovative products associated with environmental, social and governance aspects to our clients on the other."
