Development Bank of Turkey (Kalkinma) (TKYB)
Development Bank of Turkey is Turkey’s development bank. As one of the major public initiatives of development and investment banking in Turkey, the Development Bank of Turkey has played a key role in the implementation of its customers’ projects under the various economic conjunctures that Turkey has undergone since 1975; and undertaken strategic duties in covering the need for resources, which stands as one of the most important actors in Turkey’s economic growth and development. Assuming a raison d’être of financially supporting the private sector’s investment and entrepreneurship potential, the Development Bank of Turkey based on its mission on raising employment and the level of income and prosperity in Turkey, allocating resources to finance the fixed and operating capital investments of the following sectors:
The Development Bank of Turkey provides resources through a network of relations built with international funds. The Bank offers various services by extending these resources to a significant part of the Turkish business world. The Development Bank of Turkey, working with a team of specialists who possess field experience on both national and international platforms, sectoral know-how in the area of consultancy and technical assistance; provides concrete contributions to agencies and corporations operating in different sectors, particularly in the efforts that they demonstrate in improving their potential. The Bank beyond being a classical type of creditor, shares its technical knowhow and experience with its customers gratuitously during the investment process.
Besides providing financial support to environmentally conscious investments, the Development Bank of Turkey pays special attention to projects especially in the areas of ındustry, tourism and renewable energy and energy efficiency to be environmentally friendly, thus supporting efforts to achieve environmental sustainability, which is one of the indispensable elements of sustainable development.
The total assets of Development Bank of Turkey reached to US$ 2 billion as of the end of 2012.See more