Industrial Development Bank of Turkey
The Industrial Development Bank of Turkey is a Turkish investment and development bank, established in 1950. When founded, it was the first privately owned investment bank in Turkey. It is headquartered in Istanbul, with branches in Ankara and Izmir.
TSKB has been supported by the World Bank. In early 2023, its P/E ratio was around 10. In 2022, it was rated B by Fitch.
TSKB is the 11th largest bank and the largest investment bank by shareholder's equity in Turkey as of late 2023.
Ownership
TSKB is majority owned by banks, with over 55% of shares held. The full list of shareholders include:- Türkiye İş Bankası, and its subsidiaries
- Vakıflar Bankası
- Held by public, via Borsa Istanbul