Türkiye Sinai Kalkinma Bankasi A.S.

Türkiye Sinai Kalkinma Bankasi A.S.

TRKYY
Türkiye Sinai Kalkinma Bankasi A.S.US flagOther OTC
1.80
USD
- -
- -
504.00MMarket Cap
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
1.8
2.23
2.37
3.08
4.24
5.25
5.57
7.68
12.66
30.83
50.11
58.03
75.27
70.81
Basic EPS, GAAP
1.06
1.34
1.46
1.85
2.55
2.4
2.61
2.54
3.86
14.22
24.88
36.51
40.44
44
Free Cash Flow per Basic Share
1.32
-1.04
1.99
-6.1
-6.18
-0.18
6.43
4.27
12.74
33.04
-5.7
-33.66
48.37
50.93
Dividend per Share
0.23
0.26
0.29
0.26
0.39
0.39
- -
- -
0.26
- -
- -
- -
- -
- -
Book Value per Share
5.79
6.87
7.9
10.62
12.64
12.42
12.52
12.53
13.78
24.1
34.49
46.53
50.74
33.41
Tangible Book Value per Share
7
8.68
9.95
13.11
15.47
14.95
18.49
21.84
25.05
46.4
77.93
118.38
165.84
143.52
Basic Weighted Avg Shares
288
279
280
240
240
279
280
280
280
280
280
280
280
280
Sales/Revenue/Turnover
517
623
663
737
1,017
1,466
1,560
2,154
3,546
8,629
14,029
16,247
21,076
19,833
Operating Margin (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Depreciation Expense
3
3
5
6
6
6
9
9
11
16
27
37
70
25
Net Income, GAAP
304
373
407
443
611
671
731
712
1,081
3,980
6,965
10,222
11,324
12,324
Effective Tax Rate (%)
20.27
19.78
19.7
21.26
18.13
27.4
21.14
24.23
26.27
21.44
24.65
25.49
24.17
24.72
Profit Margin (%)
58.77
59.95
61.42
60.14
60.08
45.75
46.82
33.07
30.49
46.13
49.65
62.92
53.73
62.14
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
9,489
11,231
15,838
20,580
24,608
32,753
35,997
44,611
76,218
99,412
152,292
195,175
279,107
241,509
Total Equity
2,018
2,424
2,784
3,143
3,711
4,184
5,179
6,131
7,022
12,992
21,825
33,153
46,464
40,217
Return on Invested Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Capital (%)
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Return on Common Equity (%)
19.39
20.84
19.74
18.66
21.93
20.64
20.95
20.3
29.33
75.07
84.94
90.13
83.15
150.91

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
2,800
2,800
2,800
Market Capitalization
18,083
19,424
20,410

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
- -
- -
- -
Cash, Cash Equivalents & STI
12,731
12,046
19,439
Accounts Receivable, Net
- -
- -
- -
Inventories
- -
- -
- -
Total Current Liabilities
- -
- -
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
34.55%
51.92%
40.15%
Free Cash Flow
-374.6%
97.43%
-243.72%
Net Income, GAAP
51.54%
90.5%
10.78%
Sales/Revenue/Turnover
45.39%
63.22%
29.73%
Total Cash Common Dividend
- -
- -
25%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
1,920
4,221
3,281
4,413
14,029
2024
3,598
4,118
4,230
4,556
16,247
2025
4,578
6,468
7,321
- -
21,076

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
5.04
6.19
6.65
- -
24.88
2024
6.99
8.62
9.62
- -
36.51
2025
11.04
12.07
- -
- -
40.44

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2023
- -
- -
- -
- -
- -
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -

Company Description

APIChat
CEO
Ozan Uyar
Full Time Employees
652
Sector
Financial Services
Industry
Banks - Regional
Address
Meclisi Mebusan Cad. No: 81 Istanbul Türkiye 34427
IPO Date
Dec 16, 2015
Business
Türkiye Sınai Kalkınma Bankası A.Ş. (TSKB) operates as Turkey's first privately owned development and investment bank, providing specialized corporate banking, investment banking, and advisory services to support sustainable industrial and economic development projects; its core offerings include medium- and long-term corporate loans and project finance for sectors such as renewable energy, energy efficiency, environment, healthcare, education, sustainable tourism, women's employment initiatives, and small-to-medium enterprises (SMEs); investment banking services encompass mergers and acquisitions advisory, public offerings, bond issuances including sustainable sukuk and Eurobonds, treasury products, securities underwriting, brokerage, and structured financing models; advisory services cover project evaluation, economic research, technical support, and sustainability consulting with a focus on UN Sustainable Development Goals (SDGs), environmental and social risk assessment, and industry-specific solutions. Founded in 1950 and headquartered in Istanbul with branches in Ankara and Izmir, TSKB conducts all operations within Turkey, primarily targeting mid-cap and large corporate clients, manufacturers, and project sponsors while channeling funds from global partners to local investments; as a subsidiary within the Türkiye İş Bankası Group, which holds approximately 47.68% ownership alongside Vakıflar Bankası T.A.O. at 8.38% and free float at 43.94%, the bank maintains a strong reputation among supranational institutions including the World Bank (IBRD), European Investment Bank (EIB), European Bank for Reconstruction and Development (EBRD), International Finance Corporation (IFC), Asian Infrastructure Investment Bank (AIIB), KfW, and others, financing 15% of Turkey's renewable energy installed capacity and contributing to 16.2 million tonnes of annual CO2 emission reductions. Recent developments include signing a EUR 300 million loan in October 2025 with BNP Paribas, Standard Chartered Bank, and ING Bank under partial World Bank guarantee as the first phase of a EUR 600 million climate resilience project; providing USD 10 million to SOCAR Fiber in December 2025 for digital infrastructure with AIIB support, USD 40 million to Entek Elektrik in September 2025 for a 99.9 MWe wind farm and energy storage, EUR 80 million to Alarko Agriculture in May 2025 for geothermal greenhouses, USD 350 million 5-year Eurobond issuance in June 2025, USD 200 million loan from AIIB in May 2025, appointment of Ozan Uyar as CEO in July 2025, EUR 75 million loan from EBRD in June 2025, and sustained asset growth to 231.26 billion TRY in 2024 with 30.74% increase and net income of 10,134.60 million TRY, alongside initiatives like the first SDG loan model, sustainable sukuk intermediation, and top Sustainalytics ESG risk rating positioning it first in Turkey and tenth globally among banks.

Company News

APIChat
  • Türkiye Sinai Kalkinma Bankasi A.S. (TRKYY) Q4 2025 Earnings Call Transcript