The Industrial Development Bank of Turkey (TSKB) disclosed its financial results for the First Quarter of 2013.  TSKB’s bank-only profit before tax was TRY 105.1 million, with a yearly increase of 5.6%, and its net profit was TRY 84.7 million, with a yearly increase of 4.2%.

TSKB’s total assets surged by 11.6% compared to first quarter of 2012, rising to TRY 10.6 billion. As of 31st of March 2013, TSKB sustained its strong capital structure at TRY 1.8 billion while delivering a ROAE of 19.3% and a ROAA of 3.2%.