Development Bank of Turkey (Kalk?nma Bank) is Turkey’s leading development bank. The Bank provides significant financing for fixed and working capital needs of investments for the energy, industrial, tourism, education and healthcare sectors.
As a pioneer of development and sustainable growth, the vision of the Bank is to become an international-scale development and investment bank that
supports investments on regional, sectoral and technological basis and finances them effectively and quickly,
supports investors by empowering and encouraging them as well as by providing them with technical assistance.
With the aim of promoting development and sustainable growth in Turkey, the mission of the Bank is
- Supporting investments of enterprises organized as joint stock companies by providing loans obtained from domestic and international sources,
- Directly participating in pioneer/model enterprises,
- Providing technical assistance to entrepreneurs,
- Facilitating the development of capital markets
to increase employment, income and welfare.
Making it a principle to reduce negative environmental impacts and resource utilization due to the Bank’s services and activities as well as to increase the Bank’s positive environmental activities, the Bank undertakes to meet its legal environmental obligations, to support the environmental awareness, to be an environment-oriented bank and to make improvement continuously.
Development Bank of Turkey was established as the State Industry and Laborer Investment Bank (Devlet Sanayi ve ??çi Yat?r?m Bankas? A.?.) in 1975. As its name implies the primary function of the Bank was to support workers’ initiatives to build and operate companies with the objective to utilize savings of expatriate workers. Having been encouraged by the success of this initiative the restricted scope of the Bank was broadened to include wider developmental issues, and the Bank’s name was changed to Development Bank of Turkey (Kalk?nma Bank) in 1988. In 1989, all of the assets and liabilities of the Tourism Bank (T.C. Turizm Bankas? A.?.) were transferred to Development Bank of Turkey. On October 14, 1999 The Bank’s charter act, Law No. 4456, was passed and took effect. In 2008, The Bank developed an apex banking system in order to support companies that are not organized as joint stock companies.
Development Bank of Turkey’s capital structure has been defined as Registered Capital. The registered capital amount is 500 Million TL from this amount 160 Million TL has been issued. 99.08 % of the issued share capital belongs to the Office of the Prime Ministry, Undersecretariat of Treasury; the remaining shares are publicly held and traded on the Istanbul Stock Exchange.
Acting General Manager is Mr. Metin PEHL?VAN. There are 4 Deputy General Managers, Mr. Adnan YALÇINCI (Accounting and Human Resources), Mr. Zekai I?ILDAR (Loans), Mr. Bahattin SEKK?N (Research and Support Services) and Mr. ?rfan YA?AR (Treasury and Research).
Board of Directors is composed of seven members including the CEO and six members are elected by the General Assembly.
Board of Auditors consists of 3 members. The members of the Board of Auditors are appointed by the Assembly of Shareholders from the candidates proposed by the shareholders.
Products and Services
The Bank’s investment services are mutual funds, repo, government bond and Treasury bill and money transfers.
Apex Bank?ng Activities
Development Bank of Turkey determines the target group/market and its needs in developing own projects within the framework of its corporate mission and negotiate the terms and conditions of apex financing with on lending banks. The primary objectives of the projects are supporting job creation and competitiveness of the firms.
The Bank assists investors in strategic decisions of investments.
Appraisal – Expertise
Facilities about Evaluation – Expertise are company / institution evaluation and real estate.
Training programs are organized under mainly five grand titles: ?n-service training, training for workers’ companies, training offered to other companies, international training, and library and documentation services.