Corporate Governance

Corporate governance and full compliance with the requirements of law provide TSKB with:

  • The strength to power sustainable economic performance
  • A framework for ethical and fair competition
  • An essential tool to consider and balance stakeholders’ interests.

Taking all these three perspectives into account, TSKB regards corporate governance and full compliance with the requirements of law as cornerstones of its responsible banking approach.


TSKB seeks to achieve continuous and full compliance with the corporate governance principles published by the Capital Markets Board (CMB) in Turkey. The bank believes that abiding by these principles is extremely beneficial not just to the development of national and international capital markets but also to its own interests and those of its stakeholders. TSKB prepares its Corporate Governance Compliance Report in line with CMB’s framework as well as taking international and sectoral principles into consideration. TSKB’s corporate governance performance is rated by SAHA Corporate Governance and Credit Rating Services, which raised the bank’s previous 9.40 (out of 10.00) rating to 9.44 on 21 October 2014. With this development, the Bank has been the owner of the highest corporate rating among the companies in BIST Corporate Governance Index so far.


TSKB regards risk management as a fundamental element both of corporate governance and of its own sustainable success.

The global economic crisis of 2008-2009 elevated the concept of risk management to a higher position on the international agenda than ever before. The Turkish banking industry’s successful management of the effects of that crisis when they began to make themselves felt in the country in the last quarter of 2008 provided a worthy example for the whole world. The structural transformation that the industry underwent at the beginning of the 2000s played a tremendous role in achieving that success.

Giving great importance to full compliance with the law, to transparency, and to accountability, TSKB is in full compliance with all of the new risk management regulations most recently introduced in Turkey. In achieving that compliance, the bank’s internal risk management functions were effectively restructured and strengthened.

Risk management at TSKB is carried out so as to provide an uninterrupted and systematic flow of information for the bank’s management decision-making processes through the use of state-of-the-art analytical methods that make it possible to engage in banking that is both profitable and sophisticated.


As is the case elsewhere in the world, efforts to combat money-laundering are being made in Turkey as well.

The legal framework governing the anti-money-laundering effort in Turkey is embodied in three laws: “Law concerning the prevention of the laundering of the proceeds of criminal activities” (2006),“Law concerning the prevention of terrorism financing” (2013) and “Law on the Prevention of the Financing of the Proliferation of Weapons of Mass Destruction” (2020). The Financial Crimes Investigation Board (MASAK) is the agency responsible for combating the laundering of money and the financing of terrorism. A set of regulations published in 2008 required banks to develop programs to bring themselves into compliance with efforts to prevent money-laundering through the Turkish banking system.

TSKB is committed to being in full compliance with current laws and regulations in Turkey pertaining to money-laundering, terrorism-financing and financing of the proliferation of weapons of mass destruction. The Bank has completely incorporated all essential control, warning, and other mechanisms into its business processes.

The TSKB Department of Internal Control is responsible for monitoring and checking the Bank’s day-to-day activities. This department checks the overall effectiveness and adequacy of the bank’s Anti-Money-Laundering Compliance Program and reports any shortcomings to the Board of Directors. At the same time, customer transactions taking place at TSKB are also checked and reported on a daily, weekly, monthly and quarterly basis.

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