• Profile
  • TSKB in Brief
  • TSKB's Subsidiaries
  • Products and Services Of TSKB
• Performance
  • Value Creation
  • Awards & Recognitions
  • CEO's Assessment
• Approach
  • TSKB's Sustainable Banking Strategy
  • TSKB's Sustainability Priorities
• Dialogue
  • TSKB and Stakeholder Engagement
  • TSKB's Stakeholders
  • 2010 Stakeholder Dialogue Highlights
• Sustainability and Environmental Issues
  • Sustainable Banking at TSKB
  • Sustainable Banking Performance: the Economic Dimension
  • The Renewable Energy Sector and TSKB
  • TSKB Energy Index
  • TSKB, Climate Change, and the Environment
  • TSKB's Efforts on Behalf of Sustainability and the Environment
  • Who Wouldn't Want to Be Sustainable?
  • ISO 14001 Certification
  • The Structure of the TSKB Environmental Management Team
  • TSKB's Environment Policy
  • TSKB's Environmental Impact
  • Sustainable Banking Performance: the Environmental Dimension
  • Developments in External Environmental Impact
• Corporate Governance
  • Absolute Compliance With Laws and Regulations
  • TSKB's Corporate Governance Structure
  • Compliance With Corporate Governance Principles
  • Risk Management at TSKB
  • Prevention of Money-Laundering and the Financing of Terrorism
  • Relations with Suppliers
• People
  • Human Resources and the Workplace at TSKB
  • The TSKB Performance Management System
  • TSKB Compensation and Reward System
  • TSKB Human Resources Structure
  • Human Rights and Employee Rights at TSKB
  • Competency Development and Training
  • Health and Safety at TSKB
  • Commuting By Sea
  • Internal Communication at TSKB
• The Community
  • Social Responsibility at TSKB
  • "Environment: Our Priority": Past and present
  • The NGOs that TSKB Collaborates with
• Summarized TSKB Goals and Performance
• Appendices
  • About This Report
  • Statement GRI Application Level Check
  • Global Reporting Initiative Cross Index
  • Online Sustainability
  • Imprint
  • Communication and Service Channels

TSKB continues to marshal its strong and consistent economic, environmental, and social performance in order to pursue further growth and development in line with its mission and to create increasingly more added value for all of its stakeholders.

VALUE CREATION

Economic impact
The biggest component of TSKB’s direct economic impact arises as a result of the high added value banking services that it provides.

The added value created through these services generates compensation and other financial entitlements for employees and payments for the products and services provided by suppliers. At the same time, the Bank also fulfills a wide range of tax obligations to public authorities while paying dividends to shareholders.

Throughout the eighteen months to end-2010, TSKB exhibited a strong and consistent economic performance. During this period, the Bank continued to support real-sector customers engaged in many different businesses by supplying them with both resources and high added value consultancy services.

Acting in line with its mission of “Sustainable banking for sustainable development”, TSKB’s new loan disbursements amounted to USD 1.4 billion in total during 2010. The Bank also financed fixed capital investment worth about USD 3 billion nationwide.

Who did we share the value* that we created in 2010 with?

TL 268 million
Gross profit*

TL 57 million
Taxes

TL 43 million
Cash dividends paid to shareholders and the Board of Directors

TL 5 million
Dividends paid to employees

TL 32 million
Retained profits

* “Gross profit” is defined as the total value created by TSKB as a result of all of its banking service processes.

The information presented above is excerpted from TSKB’s nonconsolidated financial statements and profit distribution table dated 31 December 2010.

Our corporate carbon footprint
As a result of successful strategies and the committed implementation of those strategies, TSKB reduced its carbon footprint by the equivalent of 401 tons of CO₂ in 2010. During the reporting period, the Bank performed successfully in the areas of electrical power, natural gas, and water consumption and achieved results that bettered its targets.

In the two years to end-2010, TSKB reduced its:

• Electrical power consumption by 12.2%, a performance that was nearly twice its 7% target.
• Natural gas consumption by 17.8%.
• Water consumption by 6.1%.
• Paper consumption by 6.8%.

TSKB does not regard the performance that it has achieved so far with respect to reducing its use of paper and recovering/recycling paper waste as sufficient. The Bank intends to reduce its paper consumption by much more. Seeking to increase paper recovery by engaging in intensive awareness activities, it plans to undertake more systematic projects addressing this issue in 2011.

Detailed information about TSKB’s direct and indirect environmental performance are presented beginning on page 45 of this report.