Continuing its sustainable growth in the first half of 2021 with determination, the assets of the Development Investment Bank increased by 51% compared to the same period of the previous year and reached 32.9 billion TL.
Development Investment Bank published its balance sheet for the first 6 months of 2021 on the Public
Increasing its equity to TL 3.9 billion in the second quarter of the year, the Bank announced the rate of its gross non-performing loans below 1%, as in the first quarter of the year. In the same period, the capital adequacy ratio of the Development Investment Bank was 20% above the sector.
We stand by investors for Turkey’s future
Stating that the vaccine mobilization implemented within the scope of the coronavirus epidemic created a more positive picture in the economy, Development Investment Bank General Manager İbrahim Öztop said, “Despite the epidemic, the Turkish economy grew by 1.8 percent in 2020. In the first quarter of this year, it grew by 7 percent. With the gradual normalization, we see a positive picture in economic activity and financial outlook. As Development Investment Bank, we will continue to stand by our investors for the future of Turkey.”
Referring to the importance of development banking for the future of Turkey, İbrahim Öztop said, “In line with our Development Banking mission, we continue to support investors by implementing important projects, particularly energy, energy efficiency and climate finance, that are important for the future of our country and that provide added value in increasing the production potential. we do.” said.
Stating that they provide consultancy to both public and private sector institutions in the field of Investment Banking, Öztop said, “We are breaking new ground in this field as well. With a responsible banking approach, we mediated Turkey’s first low-carbon economy transition bond issuance worth TL 200 million. We acted as the consortium leader in the public offering of Aydem Renewable Energy. We provided consultancy services to Tarım Kredi Holding, one of the subsidiaries of Turkish Agricultural Credit Cooperatives, in providing a resource of 65.8 million TL. T.R. In the process of privatization of electricity generation facilities of the Privatization Administration of the Ministry of Treasury and Finance, the exclusive financial advisor, ports and Cyprus Türk Denizcilik Ltd. We are the consultancy consortium leader in the privatization process of Sti. We also provide services in the fields of financial consultancy, capital markets consultancy, merger and acquisition consultancy. We will continue to provide added value to our country’s economy with our development banking, investment banking and Turkish Development Fund activities in the future,” he said.