VAKIFBANK
2015 ANNUAL REPORT
330
EVALUATION OF THE BANK’S FINANCIAL
POSITION, PROFITABILITY AND SOLVENCY
Acting with the vision of becoming its region’s
most preferred bank that creates value,
VakıfBank continues its services with its 15,410
employees in its 920 branches as of year-end
2015.
ASSESSMENT ON THE ASSETS
VakıfBank continued the growth in its assets also
in 2015 while its assets increased by 15.63%
compared to the previous year-end and reached
TL 182,947 million. VakıfBank’s interest bearing
assets’ ratio to total assets increased to 94.45%.
63.93% of the total assets was in Turkish Liras
while 36.07% was in foreign currency. When
we examine the structure of the total assets;
we see that total loans with 67.66% share are
the most important item in the assets. In 2015,
VakıfBank’s performing loans, the fundamental
intermediary function in the banking sector,
increased by 17.86% and reached TL 122,974
million. 70.23% of total performing loans are
composed of commercial loans while 29.77%
is composed of personal loans. VakıfBank
increased its commercial loans by 20.80% while
increasing personal loans by 11.45%. When we
examine the structure of personal loans; we see
that credit cards are in the first position with
22.48% increase. Mortgage loans increased by
5.59% while auto loans increased by 7.24%,
and general consumer loans increased by
14.86%.
In 2015, VakıfBank’s non-performing loans ratio
was 3.8%. In the same period, VakıfBank’s
securities portfolio increased by 5.49% and
reached TL 24,452 million. The share of the
securities portfolio in the assets is 13.37%.
ASSESSMENT ON THE LIABILITIES
In 2015, while VakıfBank’s total liabilities
increased by 15.63% the increase in deposits
was 19.80%. The share of deposits in total
assets increased by 2.09 points and reached
60.08%. The most important deposits item in
the funding structure, as of year-end 2015, is
TL 109,923 million. 69.57% of the deposits
are in TL deposits while 30.43% is in foreign
currency deposits. Furthermore, the balance
between term and demand deposits was
81.55% and 18.45% respectively.
Diversifying the sources of funds and performing
effective cost management, VakıfBank increased
the securities issued to TL 10,548 million.
The local and foreign investors’ demand for
the securities issued by the Bank, made a
contribution to the diversification of funding
sources and the extension of the maturity
structure.
DISTRIBUTION OF ASSETS
(%)
100.00
90.00
80.00
70.00
60.00
50.00
40.00
30.00
20.00
10.00
0.00
2011
2012
2013
2014
2015
3.71
3.62
4.02
3.79
4.37
66.10
67.66
14.65
13.37
14.60
15.46
64.03
16.01
15.95
65.15
17.58
13.66
64.26
21.43
10.60
Other
Loans
Securities
Cash Reserves (Including mm)
DISTRIBUTION OF LIABILITIES
(%)
100.00
90.00
80.00
70.00
60.00
50.00
40.00
30.00
2011
2012
2013
2014
2015
Deposits
Funds Borrowed
Shareholders’ Equity
Interbank Money Market
Securities Issued
Other
0.55
68.33
6.66
9.24
10.43
4.79
8.72
2.32
11.40
5.15
64.30
8.12
5.08
9.31
4.88
60.17
10.68
9.87
57.99
10.36
10.79
6.61
9.34
4.91
60.08
6.97
12.42
5.77
9.17
5.59
