Abstract

Comprehensive responsibilities are devoted to Turkish municipalities by many legislations such as Law No. 5393. Meeting the financial needs of municipalities required for these responsibilities is crucial. According to related legislation, municipalities may borrow both internally and externally. Taking into consideration the official data on municipal revenue Ilbank is the principal source of financing in terms of internal borrowing. Therefore, Ilbank is important to have a robust financial structure. In this paper, it is firstly studied that to what extent the role of İlbank in supplying the financial demands is significant. Thus, the financial statements of the Bank are analyzed and it is sought whether the financial statements have matter to the extent that these may affect finance of municipalities.