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PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI
UNCONSOLIDATED FINANCIAL REPORT
FOR THE YEAR ENDED 31 DECEMBER 2015
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
At the resolution of the first Board of Directors after 61st Ordinary Meeting of the General Assembly dated 30 March 2015, the distribution of roles has
remained the same.
İsmail Alptekin, Member of the Board, holds 59 unquoted shares of Group C of the Bank. The remaining members of the top management listed above
do not hold any unquoted shares of the Bank.
IV. INFORMATION ON THE BANK’S QUALIFIED SHAREHOLDERS
Name Surname/ Title
Share Amount
(Nominal)
Share
Percentage
Paid Shares
(Nominal) Unpaid Shares
Registered foundations represented by the General Directorate of the Foundations
(Group A)
1,075,058
43.00
1,075,058
-
Vakıfbank Memur ve Hizmetlileri Emekli ve Sağlık Yardım Sandığı Vakfı (Group C)
402,553
16.10
402,553
-
Registered foundations represented by the General Directorate of the Foundations
(Group B)
386,225
15.45
386,225
-
The shareholder holding control over the Bank is the General Directorate of the Foundations and Appendant foundations represented by the General
Directorate of the Foundations having 58.45% of the Bank’s outstanding shares. Another organization holding qualified share in the Bank is Vakıfbank
Memur ve Hizmetlileri Emekli ve Sağlık Yardım Sandığı Vakfı, having 16.10% of outstanding shares of the Bank.
V. INFORMATION ABOUT THE SERVICES AND NATURE OF ACTIVITIES OF THE BANK
The Bank was established under the authorization of special law numbered 6219, called “the Law of Türkiye Vakıflar Bankası Türk Anonim Ortaklığı”,
on 11 January 1954 within the framework of the authority granted to The General Directorate of the Foundations. Operational activities of the Bank as
stated at its Articles of Association are as follows:
•
Lending loans by granting securities and real estates as collateral,
•
Establishing or participating in all kinds of insurance corporations already established,
•
Trading real estates,
•
Servicing all banking operations and services,
•
Operating real estates and participating in industrial sectors for corporations handed over by foundations and General Directorate of the
Foundations in line with conditions stipulated by agreements if signed.
•
The Bank is established to render banking services to the foundations and carry out cashier transactions of the General Directorate of Foundations
in compliance with the agreements signed by General Directorate of the Foundations.
As at 31 December 2015, the Bank has 917 domestic, 3 foreign, in total 920 branches (31 December 2014: 890 domestic, 3 foreign, in total 893
branches). As at 31 December 2015, the Bank has 15,410 employees (31 December 2014: 14,920 employees).
VI. CURRENT OR LIKELY ACTUAL OR LEGAL BARRIERS TO IMMEDIATE TRANSFER OF EQUITY OR REPAYMENT OF DEBTS BETWEEN BANK AND ITS
SUBSIDIARIES
None
