TSKB of Turkey to focus on consulting, corporate and investment banking areas

Turkey’s first privately-owned investment and development bank, Industrial Development Bank of Turkey (TSKB), will focus more on business areas such as consulting, corporate banking and investment banking with more growth opportunities.

The bank officials have announced a desire to grow in these 3 areas with a program called “A Look at the Future”. The management has decided to work more closely with customers who are bank creditors increasing current share of management consulting, corporate banking and investment banking in total revenues. The bank aims to increase the share of revenues from these areas to 10 percent

TSKB plans to extend credit of USD 2.6 billion USD this year. The greatest weight of lending so far has been allocated to renewable energy projects with 34 percent. In 2017, the Bank also lends money on women’s employment as well as on occupational health and safety issues. The bank plans to support R & D spending for Industry 4.0 in the upcoming period and take its place among the leading group in health, education and food investments.