Turkiye Sinai Kalkinma Bankasi AS
IST:TSKB.E
Turkiye Sinai Kalkinma Bankasi AS
Türkiye Sinai Kalkinma Bankasi AS engages in the provision of corporate, investment and advisory services. The company is headquartered in Istanbul, Istanbul Province. The service range covers corporate lending and project finance, corporate finance, treasury operations, investment services, and capital market intermediary activities and portfolio management. The Bank also provides privatization, M&A, debt and equity issues and asset purchases and sales services and strategic consultancy. Its subsidiaries include TSKB Real Estate Appraisal Company, TSKB Real Estate Investment Company, TSKB Investment Trust, and Yatirim Finansman Securities. In February 2013, the Company sold its 1.43% stake in Is Yatirim Ortakligi AS to Is Yatirim Menkul Degerler AS.
Türkiye Sinai Kalkinma Bankasi AS engages in the provision of corporate, investment and advisory services. The company is headquartered in Istanbul, Istanbul Province. The service range covers corporate lending and project finance, corporate finance, treasury operations, investment services, and capital market intermediary activities and portfolio management. The Bank also provides privatization, M&A, debt and equity issues and asset purchases and sales services and strategic consultancy. Its subsidiaries include TSKB Real Estate Appraisal Company, TSKB Real Estate Investment Company, TSKB Investment Trust, and Yatirim Finansman Securities. In February 2013, the Company sold its 1.43% stake in Is Yatirim Ortakligi AS to Is Yatirim Menkul Degerler AS.
Loan Growth: FX-adjusted loan growth reached 11.2% for 2025, meeting guidance and driven by strong loan disbursements in the last quarter.
Net Interest Margin: Net interest margin (NIM) was 5.6%, above guidance and supported by resilient loan spreads and strategic asset management.
Profitability: Return on Equity (ROE) was 29.3% for the year, among the highest in the sector; net income for the year was TRY 11.4 billion, up 12% YoY.
Asset Quality: NPL ratio rose to 2.4%, in line with guidance, while total problematic loans remained below 10%; cost of risk was 55 bps.
Capital & Liquidity: Capital adequacy ratio ended at 20.3%, Tier 1 at 19.2%, both well above regulatory and sector levels.
Fee Income: Net fee income was 17% below 2024 due to muted corporate finance activity, but a strong rebound is expected in 2026.
2026 Guidance: Targets low teens FX-adjusted loan growth, NIM to normalize to 4.5%, ROE around 25%, and stable asset quality (NPL at 2.5%).
Sustainability: SDG-linked loan disbursements exceeded $7 billion, on track for $10 billion by 2030, with a strong focus on climate and social impact.
