Doğan Investment Bank Completed 2023 with Achievements and Awards
Doğan Investment Bank Completed 2023 with Achievements and Awards
Doğan Investment Bank announced its financial results for 2023. In 2023, the Bank crowned its support to the Turkish economy with prestigious transactions, many of which were firsts, and stood out among the banks with the highest return on equity in the sector.
As one of the strongest representatives of the international financial system and investment banking in Turkey, Doğan Investment Bank successfully progressed in line with its strategic goals and achieved a net profit of TL 428 million in 2023. In 2023, return on average equity and return on average assets were realized as 84.1% and 20.3%, respectively. The Bank’s shareholders’ equity, which was TL 246 million at the end of 2022, tripled to TL 712 million at the end of 2023. The Bank’s capital adequacy ratio was realized as 22.9%.
Doğan Investment Bank set out with the vision of becoming the leading regional investment bank supporting Turkey’s economic progress. In 2023, Doğan Investment Bank diversified the banking and capital markets products offered to its clients and brought new resources to the Turkish economy. Last year, Doğan Investment Bank intermediated a total of 36 bond issuances on behalf of its clients. In addition, Doğan Investment Bank completed its efforts and official approvals for the establishment of an asset leasing company, the shares of which will be wholly owned by Doğan Investment Bank, in order to take part in lease certificate issuances.
Doğan Investment Bank demonstrated a very strong financial performance in 2023 with the rate of increase in its asset size and strong profitability levels. The Bank’s asset size grew 2.5 times compared to year-end 2022, reaching TL 3 billion. Cash loan volume, which constitutes 56% of total assets, increased by 160% compared to the end of the previous year and reached TL 1.7 billion.
We will move forward without slowing down in line with our strategic goals
Hulusi Horozoğlu, CEO of Doğan Investment Bank: “We achieved very successful results with the awareness of the responsibility of being a pioneering investment bank that aims to add value in 2023, the year in which we celebrate the 100th anniversary of our Republic with enthusiasm and excitement. As a young investment bank that started its operations in August 2021, we are very pleased with the added value we have provided to our country’s economy and our customers in a short period of time.
In 2023, our Bank displayed a very strong financial performance with the sustainable growth it achieved in the size of its balance sheet and the high level of profitability it built on solid foundations. We signed many milestone transactions in the fields of Investment Banking and Structured Finance.
While we achieved our goals in 2023, which we completed with success and awards, we will move forward without slowing down in 2024 in line with our goals.”
Received awards for successful works
Doğan Investment Bank received the “Best Investment Bank in Turkey” award for its successful activities in 2023 at the “Bonds, Loans and ESG Capital Markets CEE, CIS and Turkey” awards given by “Bonds, Loans and ESG Capital Markets CEE, CIS and Turkey”, which recognizes the most successful and reputable institutions in the finance sector in Central and Eastern Europe, Central Asia and Turkey.
Doğan Investment Bank acted as the exclusive advisor to the seller in the sale of Aytemiz Akaryakıt Dağıtım A.Ş. to PJSC Tatneft at a value of USD 336 million. With this transaction, Doğan Investment Bank received the “Best M&A Deal in Turkey” award at the “International Finance Awards 2023” organized by International Finance magazine, one of the UK’s leading finance and business publications.
About Doğan Investment Bank: Doğan Investment Bank, 100% owned by Doğan Group, commenced its operations on August 2, 2021. Aiming to become a leading investment bank that supports Turkey’s economic development and one of the strongest players in the international financial system in the country, Doğan Investment Bank operates with the mission of creating sustainable added value for all stakeholders through innovative financial solutions at global standards, knowledge and experience in domestic and international markets, responsible banking philosophy and entrepreneurial culture. Doğan Investment Bank provides investment banking, structured finance, treasury products and services, cash management and international trade finance services to domestic and foreign corporate and commercial clients.