TSKB's Third Quarter Profit Reached 2.8 Billion TL!

TSKB Announces Third Quarter Financial Results

Turkey Industrial Development Bank (TSKB) announced its financial results for the third quarter of 2023 in a statement made to the Public Disclosure Platform. The bank achieved a net profit of 2 billion 810 million lira during this period.

Total Assets Reached 305.5 Billion Lira

According to TSKB's unconsolidated financial statements, total assets increased by %32 to reach 305.5 billion lira.

Long-Term Financing Support of 1.5 Billion Dollars

Since the beginning of 2023, the bank has provided 1.5 billion dollars in long-term cash financing support to the Turkish economy. Additionally, it grew its loan portfolio to 217.9 billion lira with a %5.6 increase in real terms.

Sustainable Profitability and High Capital Adequacy Ratio

In the first nine months of the year, TSKB reported a net period profit of 9.3 billion lira and increased its return on equity to %31.2. This solid financial performance continued to support the bank's capital adequacy ratios, which are above the legal requirements.

Statements from TSKB General Manager Ozan Uyar

TSKB General Manager Ozan Uyar stated that they are supporting Turkey's sustainable development, especially for the bank's 75th anniversary. Uyar said, "In this meaningful year, we are strengthening our financial successes with green and social transformation projects."

Uyar also emphasized that the funding they obtained since the beginning of this year has exceeded 1.1 billion dollars and highlighted the 350 million dollars bond issues they carried out in international markets. Uyar added that innovative agreements would be made with various development finance institutions by the end of the year.