"93 billion TL was provided for the public offering of 130 companies"

Borsa İstanbul General Manager Korkmaz Ergun said, "Approximately 93 billion TL in resources were provided in the public offerings of 130 companies in the last three years. 950 billion TL in resources were provided through approximately 4,500 debt instruments in the last three years." The 7th Turkish Capital Markets Congress and 7th World Investor Week Opening Ceremony was held in Istanbul with the theme of "Strong Capital Markets, Strong Turkey in the Second Century of Our Republic." Speaking at the event, Borsa İstanbul General Manager Korkmaz Ergun stated that as Borsa İstanbul, they invited companies that are the fundamental drivers of Turkey's growth, that engage in production, investment, export and create employment, to Borsa İstanbul so that they can finance their growth through public offerings. Ergun, who stated that they have changed their business model as Borsa İstanbul and that they are an exchange that supports companies both in the decision and preparation stages before the public offering, said, "Approximately 93 billion TL of resources were provided in the public offerings of 130 companies in the last three years. 950 billion TL of resources were provided with approximately 4,500 debt instruments in the last three years. While the number of companies traded 3 years ago was 394, today it has reached 522. While our daily average transaction volume was 26 billion TL, this year our daily average transaction volume reached 131 billion TL. While we are working for the growth of our market on the one hand, we continue to increase our financial services and products on the other." Ergun, stating that they increased the number and diversity of the indices they calculated in the field of sustainability and participation finance, made the following statements: "As a result, we have enabled the establishment of 64 funds on our indices. We have completed our work to ensure that all the indices we calculated comply with the IOSCO criteria and have completed our application preparations to ESMA. On the other hand, we continue to take important steps to strengthen corporate communication with foreign investors. In this context, we continue to strengthen our corporate communication with foreign investors by holding one-on-one meetings, holding meetings within institutional structures such as ISLA and ICMA, and developing our technology exports and commercial relations through stock exchanges such as Abu Dhabi, Dubai and Nasdaq. In addition, we continue our work as a board member on the board of directors of the World Federation of Exchanges and actively taking part in all sub-committees, as well as carrying out the general secretariat of the Organization of Islamic Cooperation Stock Exchanges Forum." “Borsa Istanbul has become a stock exchange at international standards” Korkmaz Ergun stated that Borsa Istanbul has become a stock exchange at international standards with its data center expanding in order to provide investors with fast and secure access to its markets, alternative access opportunities are offered for different needs, and the markets are provided in an inclusive manner. İbrahim H. Öztop, President of the Capital Markets Association of Turkey (TSPB), said that they believe that capital markets with their strong industrial and technological infrastructure, qualified service sector, innovation and business development culture will be one of the supporting pillars of the Turkish economy in the second century of the Republic of Turkey. Reminding that the history of modern capital markets in Turkey dates back to 1985, Öztop conveyed that capital markets have played an important role in the sustainable development of Turkey and the development of companies with the financing they have provided in approximately 40 years, while also ensuring the development of investment culture. Öztop stated that as TSBP, they are confident that the contribution of capital markets to companies, investors and the country will grow exponentially and said, "We believe that our country's financial sector, which has a world-class structure with its institutions, product and service diversity, technological infrastructure, quality human capital, experienced management, advanced regulation and supervision system and the investment ecosystem it has created, will also increase its role globally. Thanks to the supportive policies of our government and the record interest from both supply and demand sides, as well as the contribution of the services provided by our members at world standards, our capital markets have gained growth momentum in recent years and have become larger and deeper." Noting that domestic investor interest in capital markets has reached record levels, Öztop stated that the total number of investors, including stocks and investment funds, has approached 11 million. Drawing attention to the fact that the number of investors has increased in a short period compared to the country's population, Öztop reported that while 1 out of every 100 people in Turkey was a stock market investor in 2010, this figure increased to 9 people in September 2023. "We can say that capital is spreading to the base" Stating that the number of investors is rapidly increasing in parallel with the interest in public offerings, Öztop noted the following: "The number of outstanding equity investors, which was 2.7 million as of the end of September last year, increased by 5 million in one year and reached 7.8 million people as of the end of September this year. We are pleased to observe that the new investors joining our market are in younger age groups and that the participation of women is increasing. On the other hand, we see that half of the investors investing in our equity market have a portfolio below 10 thousand TL. In other words, we can say that capital is spreading to the base. On this occasion, I would like to address our investors once again. Capital market instruments offer returns as well as risks. A healthy investment is possible with information provided from the right source and a long-term perspective. I would like to remind our investors not to accept what they hear, especially on social media, as true information. It is important for them to know the products they will invest in well, determine their maturity and risk profiles in line with their expectations and needs, and diversify their investments. It would be healthier for our investors who do not have sufficient knowledge and experience to invest in the capital market through investment funds professionally managed by our portfolio management companies." Öztop emphasized that it is important for foreign institutions as well as local individuals to increase their market investments, and said, "We believe that the foreign interest, which has started to increase again with the effect of the policies implemented by our Ministry of Treasury and Finance, will strengthen in the coming period. As the Union, we are working with all our might to develop, deepen and make our capital markets more attractive in line with our country's potential for the sustainable growth of the Turkish economy, to direct resources to productive areas focused on the future and technology, and to increase the flow of funds to our country."