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Industrial Development Bank of Turkey was established:
- To support the investments of all the enterprises in all economic sectors in Turkey, especially the industry sector,
- To help national and international investors participate in the share capital of companies already founded or to be founded in Turkey,
- To help the development of the capital markets in Turkey.
TSKB realizes its goal to help the development of economic sectors by:
- Providing financial support in an appropriate way,
- Providing consulting, technical help and financial intermediary services.
With an extensive customer portfolio and the synergy created by its takeover of Industrial Investment Bank in 2002, TSKB, which will celebrate its 60th anniversary in 2010, is now in a position to monitor a significant part of the Turkish business world, and have access to a large part of it. Its position provides TSKB with a unique superiority in its investment and development banking activities.
Firsts By TSKB
1950's
- Providing the private sector with mid-long term loans on a project basis,
- Technical consulting services for project sponsors,
- Realizing a preliminary survey and pioneering in the foundation of capital markets,
- The only organization able to provide export loans in foreign currency in a period when the lack of foreign currency in the country was at its highest,
- The only organization mediating in the cash sale of the foreign currency released from Marshall relief fund.
1960’s
- Acting as the undertaker and the guarantor for private sector bonds issued,
- Initial public offerings of the share capital,
- First independent auditing by an international independent auditing firm,
- TSKB became the first participation of IFC in Turkey,
- Loan support to the manufacturing of first Turkish bus, first Turkish automobile, automobile tire, LPG cylinder, and high voltage cables,
- First Turkish music record, first movie sector loan, first encyclopedia,
- First Turkish battery, first cola drink, toilet paper, pencil, carton, plastic, and acrylic fiber.
1970’s
- Investment incentive for private sector investments in developing regions,
- First long term bond issue,
- Providing funds by mid term syndication loans from European markets,
- Providing large scale research services for manufacturing and services sectors.
1980’s
- Developing the first short term econometric model for Turkish economy,
- Developing the fund-flow model for the financial sector in Turkey,
- Extending hedged foreign currency investment loans (FERIS),
- Its own bond issue in international capital markets (Tokyo),
- Organizing manufacturer surveys for various sectors,
- Providing buyer loans from European and Japanese financial institutions (1970’s and 1980’s),
- Consulting services for textile and other sectors in cooperation with international consulting organizations,
- Providing buyer loans from European and Japanese financial institutions (1970’s and 1980’s),
- Privatization consulting services for the state-owned cement factories,
- Preparing the Privatization Master Plan for Turkey,
- First public offerings with the firm commitment offering method,
- Establishing capital markets relationship with Islamic Development Bank,
- Bank bonds and bank guaranteed bonds operations,
- Econometric model survey for Turkish Economy (TEM),
- First dental prosthesis in Turkey, first modern packaging, first double-blade shaver, first sneakers manufactured with modern methods, first advanced technology journalism, and first Turkish encyclopedia,
- Loan support for the first application of modern greenhouse floriculture.
1990’s
- Signing long term foreign currency and interest swap deals with international banks
- Providing mid term TL loans with floating interest rates for the industry sector
- Consulting services for the World Bank (ERBD) in Uzbekistan
- Management of Risk Capital Fund founded by European Investment Bank (EIB)
- Voluntary participation in “Risk Management Analysis’’ program supported by the World Bank
2000’s
- Extending a loan for a healthier environment – first credit appraisal studies considering “environment criteria”,
- The first bank that established a real estate appraisal company approved by the Capital Markets Board (SPK),
- Coordination secretariat services within the framework of Istanbul Approach,
- Developing the “risk-based loan pricing model”,
- Obtaining ISO 14001 Environment Management System Certificate,
- Being selected as the “Sustainable Bank of the Year'' in Eastern Europe Region.
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