Türkiye Kalkınma ve Yatırım Bankası (Türkiye Development and Investment Bank) has announced its financial results for the first half of 2025, reporting robust growth in key performance indicators and reaffirming its commitment to sustainable finance, post-earthquake recovery, and entrepreneurship support.
The bank disclosed its results via the Public Disclosure Platform (KAP), underscoring its strategic focus on long-term economic development.
185 Billion Lira in Total Assets and 47 Percent Increase in Net Profit
As of June 2025, the bank’s total assets reached 185 billion Turkish lira, reflecting a 28.6 percent increase compared to the same period in 2024. Its loan portfolio expanded by 19 percent year-on-year to reach 109.3 billion TL. Notably, the ratio of non-performing loans remained low at 0.60 percent, showcasing strong asset quality.
The bank recorded a net profit of 4 billion TL for the period, a 47 percent rise compared to the previous year, with an average return on equity (ROE) of 36 percent — a testament to its operational efficiency and profitability in the development banking space.
500 Million Dollar World Bank Agreement to Support Earthquake-Affected Regions
In the first half of 2025, Türkiye Kalkınma ve Yatırım Bankası played a central role in post-disaster economic recovery. On May 23, the bank signed a 500 million US dollar financing agreement with the World Bank, backed by a sovereign guarantee from the Ministry of Treasury and Finance. The program is designed to support 11 provinces affected by the February 6, 2023 Kahramanmaraş earthquakes, as well as seven neighboring provinces.
The financing will be used to meet the working capital and investment needs of businesses in the region, protect existing jobs, and create new employment opportunities — particularly for small and medium-sized enterprises (SMEs) and large-scale manufacturers. According to General Manager İbrahim Öztop, the initiative aims to promote sustainable economic revitalization in one of Türkiye’s most impacted regions.
Strategic Projects Supported Through Investment Banking Services
Türkiye Kalkınma ve Yatırım Bankası continued to expand its investment banking activities in the first half of 2025, providing exclusive financial advisory services for 15 key public and private sector projects. These included energy and infrastructure assets belonging to the Privatization Administration, such as EÜAŞ power plants and port operations.
One highlight was the successful transfer of operational rights for Kalamış Marina on February 5, 2025. The bank remains actively engaged in other privatization and energy sector mandates, reflecting its strong position in Türkiye’s strategic asset management landscape.
Additionally, the bank facilitated investment partnerships and fundraising processes for companies in high-impact sectors such as technology, start-ups, e-commerce, and food innovation.
Capital Markets Activity Sees Major Milestones
Türkiye Kalkınma ve Yatırım Bankası acted as the lead underwriter for the 3.26 billion TL IPO of Kalyon Solar Technologies — one of the largest public offerings in the sector to date. The bank also supported Tarfin Agriculture Inc. in issuing two sukuk transactions totaling 400 million TL through its affiliated leasing company, Kalkınma Yatırım Varlık Kiralama A.Ş.
These moves not only diversified the bank’s portfolio but also contributed to deepening Türkiye’s capital markets and attracting sustainable investment flows.
Entrepreneurship Support Surpasses 59 Million Dollars
The bank’s commitment to entrepreneurship remained strong in the first half of the year. According to Öztop, the Türkiye Development Fund — administered by the bank — allocated over 59 million US dollars to support innovative ventures and early-stage companies.
This included:
26.2 million dollars in direct investments for 37 start-ups
23.4 million dollars in commitments to 7 venture capital funds
9.7 million dollars in support for 355 TÜBİTAK BiGG (Entrepreneurship Support Program) initiatives
The bank aims to further expand its reach within the innovation ecosystem during the second half of the year, strengthening its role in Türkiye’s transformation into a knowledge-based economy.
Sustainability at the Core of the Bank’s Strategy
Türkiye Kalkınma ve Yatırım Bankası continues to prioritize environmental responsibility across its lending and investment activities. As of mid-2025, 96 percent of the bank’s total credit portfolio is aligned with sustainability themes. Approximately 61 percent of all sourced funding has been allocated to renewable energy and energy efficiency projects.
According to Öztop, the bank has financed nearly 7 percent of Türkiye’s renewable energy projects to date, contributing to an estimated reduction of 4.2 million tons of carbon dioxide (CO₂) emissions. The bank’s ongoing green finance agenda supports Türkiye’s national climate goals and reinforces its role in the global transition to a low-carbon economy.
Looking Ahead – Scaling Impact and Expanding Reach
Türkiye Kalkınma ve Yatırım Bankası plans to continue leveraging international partnerships, long-term financing instruments, and capital market solutions to scale its impact. The second half of 2025 is expected to bring further initiatives targeting sustainable development, entrepreneurship, and economic inclusion.
Öztop emphasized that the bank’s multifaceted model — combining development banking, capital markets expertise, and strategic advisory — positions it as a unique catalyst for Türkiye’s green, inclusive, and innovation-driven growth.
