Wholesale Banking Activities (Apex) of Development Bank of Turkey
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BUSINESS DEVELOPMENT AND PLANNING DEPARTMENT
Updated: April 27,2016
Wholesale Banking Activities (Apex) of Development Bank of Turkey (www.kalkinma.com.tr)
Development Bank of Turkey (TKB) has been providing investment and working capital loans to joint stock companies operating mainly, in industry, tourism and energy sectors, in accordance with development needs of our country since its establishment in 1975. However, as an additional product, wholesale banking (apex) loans have been introduced in 2008 in order to better serve small and medium sized companies who are the driving force of growth and employment.
In order to meet financing needs of SMEs more effectively, apex loans provided through onlending intermediary financial institutions with extensive branch networks are preferred by many development banks in the world in recent years. As for apex loan programs developed in line with its mission, our Bank identifies the needs of the target market segments and matches appropriate resources borrowed from international financial institutions (World Bank, Council of Europe Development Bank, Agence Française de Développement) mostly obtained with the guarantee of Republic of Turkey Prime Ministry Undersecretariat of Treasury and channels funds through onlending commercial banks and leasing companies. The main objectives for apex projects are identified as contributing to job creation and increasing the competitiveness of SMEs in Turkey.
Since 2008, 8 apex loan programs have been implemented and fully disbursed as of February 2016. Total apex loan amount disbursed to 9 onlending banks/leasing companies under these programs as of April 2016 is about USD 290 million (TL 850 million), and resulted in more than 1,100 SMEs financed and created more than 6,500 additional jobs. New program generation studies with international financial institutions are already in progress and apex banking operations are planned to grow steadily in coming years.
The wholesale banking (apex) activities of our Bank are carried out by Business Development and Planning Department.