Kalkinma Yatirim Bankasi

What Kalkinma Yatirim Bankasi does

Türkiye Kalkınma ve Yatırım Bankası A.Ş. (TKYB) is Turkey's state-affiliated development and investment bank, established in 1975 and publicly listed on Borsa Istanbul under the ticker TKYB. The bank operates across three pillars: development banking (corporate and project finance, APEX wholesale banking, participation/Islamic finance, treasury), investment banking (IPO advisory, bond and sukuk issuance, M&A advisory, financial restructuring), and the Türkiye Kalkınma Fonu (TKF), a fund-management platform that manages 11 venture-capital and growth-capital vehicles with 6.7 billion TL in managed resources from more than 210 qualified investors.

TKYB finances strategic long-term investments in industry, renewable energy, tourism, technology, agriculture, and circular economy, with 96% of its loan portfolio classified as sustainability-themed and 56% specifically climate-focused. Lending is structured around investment credits, working-capital credits, supplier finance, financial leasing, Murabaha, and non-cash credits, and is delivered either directly to mid-to-large enterprises or indirectly to SMEs and microenterprises through the APEX wholesale channel via intermediary financial institutions. The bank holds seven wholly-owned subsidiaries spanning venture-capital portfolio management, asset leasing, mortgage financing, credit rating, clearing/settlement banking, and machinery manufacturing, plus one investment-related affiliate.

Its revenue model combines net interest income from a 125.7 billion TL credit book, fee-based income from capital-markets and M&A advisory, and management fees from the TKF fund complex, alongside concessional funding from 17 international development finance institutions including the IBRD, EIB, KfW, AIIB, IsDB, JBIC, AFD, CDP, and OPEC Fund. As of Q1 2026, TKYB reported 203.2 billion TL in total assets (27% YoY growth), a 0.5% non-performing loan ratio, and 2.6 billion TL in quarterly net profit (45% YoY growth), with İbrahim Öztop serving as General Manager. The bank has positioned itself as a primary conduit for approximately $1 billion in post-2023 earthquake recovery financing and for Turkey's green transition.

Name

Kalkinma Yatirim Bankasi

Legal name

Türkiye Kalkınma ve Yatırım Bankası A.Ş.

Website

https://kalkinma.com.tr

Company type

Public

Founded year

1975

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Türkiye Kalkınma ve Yatırım Bankası (TKYB) is Turkey's state-affiliated development and investment bank, providing long-term thematic financing, investment banking advisory, and venture capital fund management to enterprises, SMEs, and the public sector.

Ownership category

akta.pro rank

Product category

Development Banking

NAICS

Depository Credit Intermediation (5221), Funds, Trusts, and Other Financial Vehicles (525)

SIC

Federal & Federally-Sponsored Credit Agencies (6111)

akta.pro primary industry

National/Regional Development Finance Institutions (DFIs) (FSABAKAB)

akta.pro secondary industries

Green/Climate Development Banks & Funds (FSABAKAH), SME/Industrial Development Banks (FSABAKAF), Private Sector & Blended Finance Arms (IFC-type) (BPADACAJ)

Keywords

• Development banking
• Investment banking
• Sustainable finance
• Project finance
• Development finance

Headquarters

HQ city

Umraniye

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales

Distribution channels4 records

Marketing channels5 records

Core offering

TKYB is a public development and investment bank providing development banking, investment banking, and the Türkiye Kalkınma Fonu sovereign development fund. It extends sustainability-themed and climate-focused loans to corporate and institutional clients in Turkey, supported by partnerships with 17 international development finance institutions.

Product overview

Türkiye Kalkınma ve Yatırım Bankası (TKYB) operates as a development and investment bank with a multi-platform portfolio. The core offerings include: (1) Corporate Banking and Project Finance providing strategic long-term financing for industrial, renewable energy, and technology investments; (2) APEX and Grant Programs offering wholesale banking and non-repayable financing for SMEs; (3) Participation Finance delivering interest-free Islamic-compliant financing solutions; (4) Treasury services for balance sheet risk management; (5) Investment Banking comprising Capital Markets Advisory (IPO services), M&A Advisory, and Financial Consulting; and (6) Türkiye Kalkınma Fonu (TKF) managing multiple venture capital and growth funds including Regional Development Fund, Technology and Innovation Fund, and specialized funds like the ODTÜ Teknokent GYSF (INVEST101) targeting AI, fintech, cybersecurity, IoT, and biotech startups. The bank also provides sustainability-themed financing and digital banking portals (online, Apex, and credit tracking).

Differentiator

Problem solved

Functional benefit

Brands

• APEX: Wholesale banking program providing credit to micro, small and medium enterprises through intermediary financial institutions
• Türkiye Kalkınma Fonu (TKF)
• TKYB Sermaye Fonu
• Bölgesel Kalkınma Fonu
• Teknoloji ve İnovasyon Fonu
• Kalkınma Katılım GSYF
• Yenilikçi ve İleri Teknolojiler Katılım GSYF
• TÜBİTAK BIGG Fonu
• TKYB Üst Fonu

Products and services

• Development Banking Long-term development and sustainability-themed lending and credit services for corporate and institutional clients undertaking projects in Turkey.
• Investment Banking Capital markets, advisory, and investment banking services for corporates and institutional clients in Turkey.
• Türkiye Kalkınma Fonu Sovereign development fund managed by TKYB to channel development and impact capital into strategic Turkish projects.

Quantifiable outcome

• 96% of loan portfolio is sustainability-themed loans
• +3 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability5 records

Scale indicators13 records

Recent moves5 records

Expansion highlights5 records

Direct peers

• KfW (Kreditanstalt für Wiederaufbau): Germany's national development bank providing concessional financing for climate, environment, and development projects. Directly comparable to TKYB as a state-owned DFI channelling long-term, thematically-priced capital to strategic sectors.
• BNDES (Brazilian Development Bank): Brazil's national development bank financing long-term industrial, infrastructure, and green transition projects. Most analogous emerging-market DFI to TKYB in mandate, structure, and capital recycling.
• Cassa Depositi e Prestiti (CDP): Italy's national development bank financing infrastructure, renewable energy, and SME growth. Directly comparable to TKYB and an active co-financing partner via the recent €50M earthquake-region solar deal.
• Japan Bank for International Cooperation (JBIC): Japanese export and investment credit agency providing green and strategic financing. Comparable to TKYB's mandate and recently signed a $350M green financing agreement with TKYB.
• Islamic Development Bank (IsDB): Multilateral development bank providing Sharia-compliant financing for development projects. Comparable to TKYB's participation finance pillar and a core co-financing partner.
• Agence Française de Développement (AFD): French bilateral development finance institution funding green and inclusive development projects. Comparable to TKYB as a co-financing partner for Turkey's green transition (€200M agreement).
• National Development Bank of Korea (KDB): South Korea's national development bank supporting industrial policy, green transition, and SMEs. Comparable to TKYB in mandate, public ownership structure, and capital-markets advisory operations.
• China Development Bank (CDB): China's primary policy and development bank providing medium- and long-term financing for strategic sectors. Comparable to TKYB in structuring project finance and accessing PPP/development mandates.

Broad incumbents

• European Investment Bank (EIB): EU's lending institution and one of the world's largest supranational borrowers. Comparable to TKYB in offering long-term project finance and climate finance, but operating at multi-country scale as a counterparty/funder of TKYB.
• International Finance Corporation (IFC): World Bank Group's private-sector DFI arm providing blended finance and thematic lending. Comparable to TKYB's Türkiye Kalkınma Fonu blended-finance model and a peer in development-banking practice.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key highlights7 records

Customer concentration

• Xx.com/kalkinmayatirim
• Facebookfacebook.com/kalkinmayatirimbankasi

Compliance4 records

Revenue estimate

Valuation estimate

Number of profiles

Subsidiaries7 records

Funding overview

Funding rounds3 records

Investors3 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Kalkinma Yatirim Bankasi