Turkiye Kalkinma ve Yatirim Bankasi A.S.
BBIST:KLNMA7.20
TRY
+0.13
(+1.84%)
Turkiye Kalkinma ve Yatirim Bankasi A.S.
BIST:KLNMA
(Istanbul Exchange)
Recent
price
7.20
P/E
ratio
9.01
div
yld
- -
ROIC.AI
Capital Structure
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- Business
- Türkiye Kalkınma ve Yatırım Bankası A.Ş. (TKYB) operates as Türkiye's primary development and investment bank, providing specialized financing, project funding, and consultancy services to support national economic growth and sustainable development. Founded in 1975 as Devlet Sanayi ve İşçi Yatırım Bankası A.Ş. and headquartered in Ümraniye, Istanbul, the bank focuses on wholesale banking for large-scale projects in manufacturing industry; tourism; renewable energy and energy efficiency; education and health; agriculture and priority development regions; as well as money and capital market instruments including repo/reverse repo transactions, bills, bonds, derivatives, sukuk, and asset-backed securities; alongside tailored consultancy in restructuring, financial feasibility, structured finance, capital structuring, mergers and acquisitions, public offerings, and debt instruments. It manages development funds such as the Türkiye Development Fund, Regional Development Fund, Technology and Innovation Fund, and Development Participation Venture Capital Investment Fund; offers asset leasing and securitization through subsidiaries like Kalkınma Yatırım Bankası Kira Şirketi; and channels international funding to bridge investors with sustainable initiatives in environmental protection, climate change mitigation, and social impact projects, primarily serving corporate clients and joint ventures across Türkiye with select cross-border operations. In recent developments, TKYB increased its issued capital from TRY5.5 billion to TRY10 billion in cash during 2024 to bolster lending capacity and placement power; reported explosive growth with total assets rising 47% to TRY134.8 billion, net loans up 39% to TRY84.2 billion, and net profit surging 139% to TRY4.0 billion by end-2023, followed by further expansion to over TRY190 billion in assets and 70% equity growth by September 2025; established pioneering funds including the Asset Finance Fund in 2018 (with a second issuance of TRY1 billion), Türkiye's first social sukuk, and new venture capital portfolios; secured record international loans such as USD400 million from ICBC, USD200 million from AIIB for renewables (plus USD100 million follow-on), USD200 million from Islamic Development Bank, and EUR50 million from Black Sea Trade and Development Bank for SMEs; relocated headquarters to Istanbul, published Türkiye's first integrated report and sustainability report, earned the first Climate Friendly Institution certificate, and signed UNEP-FI responsible banking principles and GIIN impact management principles as foundational signatory.