Development Bank of Turkey · Ankara Turkey ·(Istanbul: TKBNK)
Company Description
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This link will open in a new window Development Bank of Turkey helps Turkish businesses get off the ground. The bank -- in Turkish, Türkiye Kalkınma Bankası (TKB) -- offers medium- and long-term loans to finance industry, tourism, education, health, and energy companies. It's also active in project analysis, equity investment, leasing, and fund management. TKB's charter includes instructions to support investments in development of capital markets and foreign and domestic joint ventures in Turkish business. TKB sells securities and insurance, issues bonds, conducts research, develops corporate projects, and helps train Turkish entrepreneurs. The bank was established in 1975 to support economic development. To read the full description, subscribe now.
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Key Development Bank of Turkey Financials
| Company Type | Public - Istanbul: TKBNK Headquarters |
| 2008 Sales (mil.) | $203.6 |
| Employees | 314 |
Development Bank of Turkey Executives
6 executives listed for Development Bank of Turkey's Ankara, location.
| Title | Name & Bio | Contact |
| Chairman and General Director | Abdullah Çelik | Network |
| Deputy General Director | Cansel Inankur | Network |
| Deputy General Director | Soykut Cihangir | Network |
Competition
Competitive Landscape for Development Bank of Turkey
Demand for banking services is closely tied to economic activity and the level of interest rates. The profitability of individual banks depends on marketing skills, efficient operations, and good risk management. Large economies of scale exist in some segments of the industry, which has encouraged industry consolidation. Smaller banks can compete successfully in segments where customer service or knowledge of the local market is more important. The industry is capital-intensive and highly automated: annual revenue per employee is close to $300,000. Many banks and thrifts aggressively offered adjustable rate and subprime mortgages during the housing boom of the early 2000s only to find themselves saddled with loan defaults and extensive losses when the housing bubble burst. Deep exposure to subprime mortgages and mortgage-backed securities caused bank failures, government takeovers, and involuntary mergers. To read the full description, subscribe now.Top Development Bank of Turkey Competitors
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