Permanent Capital Increase Move by Target Investment Bank

Capital Increase Process at Hedef Investment Bank

Hedef Investment Bank has made another significant step in line with its capital strengthening initiatives for its 2025 goals. With the approval of the Banking Regulation and Supervision Agency (BDDK), Hedef Investment Bank has completed the process of raising its registered capital limit from 2.5 billion TL to 7.5 billion TL. The capital increase approved by BDDK has raised the paid-in capital from 1.5 billion TL to 3 billion TL.

Diversification of Financing Sources

In parallel with the capital increase, Hedef Investment Bank has implemented many initiatives throughout the year aimed at enhancing its operational and financial structure. The successful performance of its group companies Info Investment and Hedef Portfolio has positively contributed to the overall consolidation of the structure. The bank has particularly increased its capacity in the areas of portfolio management, custody, and fund operations.

Successful Bond Issuance

With the aim of diversifying financing sources, Hedef Investment Bank successfully completed a bond issuance that attracted demand exceeding the planned amount. Initially targeted at 100 million TL, the issuance was successfully completed with a nominal amount of 150 million TL. Additionally, the bank's investment-grade credit rating was raised by one notch to A-.

Bank's Future Vision

Commenting on the capital increase process, Hedef Holding Board Chairman Namık Kemal Gökalp stated that the bank will diversify its investment banking products in 2025. Gökalp said, "With the capital increase we need, we plan to strengthen our asset and equity structure by focusing on SME financing." He also emphasized that the new year will be a year in which all stakeholders seeking financial solutions in the corporate segment will be met with digital capabilities.