Subsidiaries
Subsidiaries engaged in the financial services sector
enrich products and services range of İşbank and bolster
its competitive strength.
Since its establishment in 1924, İşbank has acquired equity
stakes in a total of 293 companies, and has divested itself of
267 of them in time. As of 2013 year-end, the Bank had direct
participations in 26 firms, and has direct or indirect control in
112 companies.
72%of İşbank’s participations portfolio is traded on the
Borsa İstanbul National Market.
Constituting 72% of İşbank’s equity stake portfolio, Türkiye
Sınai Kalkınma Bankası A.Ş., Anadolu Hayat Emeklilik A.Ş., İş
Finansal Kiralama A.Ş., İş Gayrimenkul Yatırım Ortaklığı A.Ş., İş
YatırımMenkul Değerler A.Ş. and Türkiye Şişe ve Cam Fabrikaları
A.Ş. are publicly listed companies and their shares are traded on
the BIST National Market.
The ratio of the participations portfolio in İşbank’s total assets
stood at 3.7% at the end of 2013.
An equity stake policy focused on efficiency and
profitability
İşbank places great importance on enhancing the efficiency of
its participations portfolio when making its equity investment
decisions. In line with this investment strategy, İşbank follows
investment opportunities that offer growth and high profit
potential in the finance sector.
Finance
İşbank has financial services subsidiaries that are active in
business lines such as banking, insurance, private pensions,
capital market brokerage, portfolio management, venture
capital, factoring, reinsurance, financial leasing, asset
management, securities investment trust, investment banking
and real estate investment trust.
Financial services subsidiaries enrich the range of products and
services offered by the Bank to customers in different business
lines while also creating complementary and cross product
delivery and sales opportunities.
TSKB
Turkey’s first private investment and development bank
One of the pioneers of the Turkish banking sector, Türkiye Sınai
Kalkınma Bankası A.Ş. (TSKB) has been playing a continuous
and indispensable role in Turkey’s economic development since
its foundation in 1950. The Bank continues to contribute to
sustainable value for its stakeholders and the national economy
with its economic, environmental and social performance.
TSKB offers awide range of services including investment
loans, project finance, financial leasing and investment banking,
principally corporate finance services. Providing increasing and
continuous contributions to the sustainable development of
the Turkish economy through long-term funding of investment
projects and customer-specific consultancy services, TSKB
takes into consideration the environmental impact of the loans
it extends. The Bank, provides resources for renewable energy,
energy efficiency, sustainable tourism, environmental and SME
investments in a variety of sectors bymaking use of lines of credit
obtained fromsupranational agencies.
Named the Sustainable DevelopingMarkets Bank of the Year
for Eastern Europe in 2008, 2009 and 2010 at the Sustainable
Banking Awards conducted jointly by the Financial Times and the
International Finance Corporation (IFC), TSKB extended its success
within the context of the same award, being ranked as one of the
threemost successful banks in Europe in terms of sustainability in
2011 and 2013.
Winning acclaim in both categories by being ranked among
the highest rated companies in terms of “Transparency” and
“Performance” ratings within the context of “2013 CDP (Carbon
Disclosure Project) Turkey Climate Change Leadership Awards”,
TSKBwas also rewarded by the international audit firm, BSI,
thanks to its environmental management system.
Having uninterruptedly adopted the principles of corporate
governance since its establishment, TSKB, with its rating increased
to 9.40 out of 10 in October 2013, once again awarded for
capturing the top spot in ‘The Highest Rated Corporation in terms
of Corporate Governance’, as issued by the Corporate Governance
Association of Turkey (TKYD).
İşbank follows investment opportunities that offer
growth and high profit potential in the finance
sector.
Activities
54
İşbank
Annual Report 2013
