Turkiye Sinai Kalkinma Bankasi AS (TSKB) - Net Assets

Latest as of June 2025: TL40.22 Billion TRY ≈ $900.75 Million USD

Based on the latest financial reports, Turkiye Sinai Kalkinma Bankasi AS (TSKB) has net assets worth TL40.22 Billion TRY (≈ $900.75 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (TL291.48 Billion ≈ $6.53 Billion USD) and total liabilities (TL251.26 Billion ≈ $5.63 Billion USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check TSKB asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	TL40.22 Billion
% of Total Assets	13.8%
Annual Growth Rate	-31.2%
5-Year Change	440.76%
10-Year Change	1090.92%
Growth Volatility	32.02

Turkiye Sinai Kalkinma Bankasi AS - Net Assets Trend (2001–2024)

This chart illustrates how Turkiye Sinai Kalkinma Bankasi AS's net assets have evolved over time, based on quarterly financial data. Also explore TSKB total asset value for the complete picture of this company's asset base.

Annual Net Assets for Turkiye Sinai Kalkinma Bankasi AS (2001–2024)

The table below shows the annual net assets of Turkiye Sinai Kalkinma Bankasi AS from 2001 to 2024. For live valuation and market cap data, see TSKB company net worth.

Year	Net Assets	Change
2024-12-31	TL33.15 Billion ≈ $742.53 Million	+51.90%
2023-12-31	TL21.83 Billion ≈ $488.82 Million	+67.98%
2022-12-31	TL12.99 Billion ≈ $291.00 Million	+85.03%
2021-12-31	TL7.02 Billion ≈ $157.27 Million	+14.53%
2020-12-31	TL6.13 Billion ≈ $137.31 Million	+18.38%
2019-12-31	TL5.18 Billion ≈ $116.00 Million	+23.78%
2018-12-31	TL4.18 Billion ≈ $93.71 Million	+12.74%
2017-12-31	TL3.71 Billion ≈ $83.12 Million	+18.08%
2016-12-31	TL3.14 Billion ≈ $70.40 Million	+12.91%
2015-12-31	TL2.78 Billion ≈ $62.35 Million	+7.04%
2014-12-31	TL2.60 Billion ≈ $58.25 Million	+19.99%
2013-12-31	TL2.17 Billion ≈ $48.54 Million	+6.78%
2012-12-31	TL2.03 Billion ≈ $45.46 Million	+30.36%
2011-12-31	TL1.56 Billion ≈ $34.88 Million	+11.34%
2010-12-31	TL1.40 Billion ≈ $31.32 Million	+22.61%
2009-12-31	TL1.14 Billion ≈ $25.55 Million	+41.16%
2008-12-31	TL808.02 Million ≈ $18.10 Million	+9.51%
2007-12-31	TL737.87 Million ≈ $16.53 Million	+22.03%
2006-12-31	TL604.64 Million ≈ $13.54 Million	+19.97%
2005-12-31	TL503.98 Million ≈ $11.29 Million	+27.36%
2004-12-31	TL395.70 Million ≈ $8.86 Million	-100.00%
2003-12-31	TL274.38 Trillion ≈ $6.15 Trillion	+36.40%
2002-12-31	TL201.17 Trillion ≈ $4.51 Trillion	+11.64%
2001-12-31	TL180.20 Trillion ≈ $4.04 Trillion	--

Equity Component Analysis

This analysis shows how different components contribute to Turkiye Sinai Kalkinma Bankasi AS's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.

Equity Composition Insights

Retained earnings have grown by 1022807300000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	TL10.23 Billion	31.40%
Other Components	TL22.35 Billion	68.60%
Total Equity	TL32.58 Billion	100.00%

Turkiye Sinai Kalkinma Bankasi AS Competitors by Market Cap

The table below lists competitors of Turkiye Sinai Kalkinma Bankasi AS ranked by their market capitalization.

Company	Market Cap
Mobilicom Limited Warrants NASDAQ:MOBBW	$727.58 Million
Gresgying Digital Energy Technology Co Ltd SHG:600212	$727.58 Million
Top Resource Conservation Engineering Co Ltd SHE:300332	$727.92 Million
ChemPartner PharmaTech Co Ltd SHE:300149	$727.95 Million
Shenzhen Shengxunda Technology Co Ltd Class A SHE:300518	$727.46 Million
Gyre Therapeutics Inc. NASDAQ:GYRE	$727.32 Million
InnovAge Holding Corp NASDAQ:INNV	$727.25 Million
Chahua Modern Housewares Co Ltd SHG:603615	$727.18 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Turkiye Sinai Kalkinma Bankasi AS's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 21,421,350,000 to 32,575,464,000, a change of 11,154,114,000 (52.1%).
Net income of 10,221,982,000 contributed positively to equity growth.
Dividend payments of 844,000 reduced retained earnings.
Other factors increased equity by 932,976,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	TL10.22 Billion	+31.38%
Dividends Paid	TL844.00K	-0.0%
Other Changes	TL932.98 Million	+2.86%
Total Change	TL-	52.07%

Book Value vs Market Value Analysis

This analysis compares Turkiye Sinai Kalkinma Bankasi AS's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.

Valuation Insights

Current price-to-book ratio: 1.00x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 7.84x to 1.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2018-12-31	TL1.48	TL11.60	x
2019-12-31	TL1.84	TL11.60	x
2020-12-31	TL2.17	TL11.60	x
2021-12-31	TL2.48	TL11.60	x
2022-12-31	TL4.56	TL11.60	x
2023-12-31	TL7.65	TL11.60	x
2024-12-31	TL11.63	TL11.60	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Turkiye Sinai Kalkinma Bankasi AS utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.

Capital Efficiency Insights

Current Return on Equity (ROE): 31.38%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 62.92%
• Asset Turnover: 0.07x
• Equity Multiplier: 7.29x
Recent ROE (31.38%) is above the historical average (18.89%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	20.75%	32.95%	0.09x	6.66x	TL53.29 Million
2006	19.18%	35.49%	0.08x	7.19x	TL52.97 Million
2007	16.09%	23.45%	0.10x	6.95x	TL43.15 Million
2008	15.47%	26.21%	0.07x	8.09x	TL42.89 Million
2009	22.56%	41.08%	0.08x	6.53x	TL139.91 Million
2010	17.15%	39.89%	0.07x	6.44x	TL92.81 Million
2011	17.86%	45.50%	0.06x	6.94x	TL114.73 Million
2012	17.87%	46.77%	0.07x	5.57x	TL153.16 Million
2013	16.39%	48.32%	0.05x	6.43x	TL133.74 Million
2014	15.63%	45.90%	0.05x	6.40x	TL142.59 Million
2015	14.98%	67.44%	0.03x	7.86x	TL135.40 Million
2016	14.37%	60.14%	0.03x	8.06x	TL134.92 Million
2017	16.71%	60.16%	0.03x	8.18x	TL245.31 Million
2018	16.18%	45.73%	0.04x	9.23x	TL256.21 Million
2019	14.21%	46.82%	0.04x	8.22x	TL216.41 Million
2020	11.72%	33.07%	0.04x	8.63x	TL104.63 Million
2021	15.59%	30.49%	0.04x	12.42x	TL387.84 Million
2022	31.16%	46.13%	0.07x	9.21x	TL2.70 Billion
2023	32.51%	49.65%	0.08x	8.45x	TL4.82 Billion
2024	31.38%	62.92%	0.07x	7.29x	TL6.96 Billion

Industry Comparison

This section compares Turkiye Sinai Kalkinma Bankasi AS's net assets metrics with peer companies in the Banks - Regional industry.

Industry Context

Industry: Banks - Regional
Average net assets among peers: $12,248,237,300
Average return on equity (ROE) among peers: 15.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Turkiye Sinai Kalkinma Bankasi AS (TSKB)	TL40.22 Billion	20.75%	6.25x	$727.47 Million
Akbank TAS (AKBNK)	$18.29 Billion	14.14%	6.61x	$8.53 Billion
Albaraka Turk Katilim Bankasi AS (ALBRK)	$2.10 Billion	14.35%	13.08x	$470.91 Million
Turkiye Garanti Bankasi A.S. (GARAN)	$7.25 Billion	33.47%	9.39x	$12.59 Billion
Turkiye Halk Bankasi (HALKB)	$25.53 Billion	15.82%	11.23x	$6.09 Billion
ICBC Turkey Bank AS (ICBCT)	$601.63 Million	0.04%	10.04x	$323.98 Million
Turkiye Is Bankasi AS Class C (ISCTR)	$8.63 Billion	8.62%	4.12x	$8.03 Billion
Turkiye Kalkinma Bankasi AS (KLNMA)	$3.59 Billion	13.99%	6.82x	$2.13 Billion
Qnb Finansbank AS (QNBTR)	$44.28 Billion	38.90%	13.03x	$30.43 Billion
Haci Omer Sabanci Holding AS (SAHOL)	$10.88 Billion	6.25%	2.98x	$4.43 Billion
Sekerbank TAS (SKBNK)	$1.33 Billion	9.79%	7.69x	$687.04 Million

About Turkiye Sinai Kalkinma Bankasi AS

IS:TSKB Turkey Banks - Regional

Market Cap

$727.47 Million

TL32.48 Billion TRY

Market Cap Rank

#10640 Global

#92 in Turkey

Share Price

TL11.60

Change (1 day)

-1.28%

52-Week Range

TL10.30 - TL14.53

All Time High

TL14.53