VAKIFBANK
ANNUAL REPORT 2015
46
VakıfBank diversified its Agricultural Banking
services with the addition of
You Are Welcome,
Prize Harvest Season, and The World
Farmers’ Day
loan campaigns.
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VakıfBank conducts its Agricultural Banking
operations with its agriculture-focused
units established in 2014, a specialized and
well-experienced personnel and vast branch
network. In line with its compassionate
service philosophy, it develops its
Agricultural Banking product and service
range in response to agriculturalists’ needs
and conducts efforts to swiftly meet their
financial needs.
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Our new credit cards and loans with flexible
repayment terms were developed to provide
service for all producers operating in various
segments, from crop planting, greenhouse
farming, and animal husbandry to poultry
farming, beekeeping and aquaculture. The
Bank introduced these products to producers
via customer and village visits carried out
by specialized regional directors and roughly
300 agricultural branch personnel who are
knowledgeable with agriculture field.
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VakıfBank diversified its Agricultural Banking
services with the addition of You Are
Welcome, Prize Harvest Season, and The
World Farmers’ Day loan campaigns, which
provided important advantages to producers
in terms of loans and other banking services.
–– In order to deliver producers its
compassionate Agricultural Banking
services, VakıfBank designed sector-
specific radio, VakıfBank web site,
posters and flyers. Thus, special products
such as loans repaid during harvest time,
animal husbandry loans, agricultural
insurance, and cards with a single annual
repayment ensured the swift delivery of
support to producers.
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For producers who prioritize the nature and
human health, and thus focus their efforts in
organic agriculture, the Bank designed and
launched the product Organic Agriculture
loan. In this scope, producers who hold an
organic agriculture certificate were offered
loans at affordable rates and without
documentation fee, as well as free access to
banking services such as EFT, money transfer
and account maintenance.
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In order to enhance the quality of services to
producers, Agricultural Engineering Regional
Directors highly experience in agricultural
banking provided training on agricultural
banking to agricultural portfolio managers
employed at the branches at 14 Regional
Directorates.
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Agricultural banking training programs were
held among specialized loan and insurance
personnel in order to ensure that they can
efficiently inform farmers about VakıfBank’s
loans with flexible repayment terms, and
thus correctly analyze producers’ needs and
offer them higher quality service.
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VakıfBank continued to secure cost-
effective funds from overseas and allocate
these to agricultural producers. The Bank
reached a deal with the European Bank for
Reconstruction and Development (EBRD) and
secured a new financing facility worth USD
95 million within the Turkey Agribusiness
Financing Facility (TurAFF) to be allocated
to producers in regions with development
priority.
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The Bank continued to support farmers
who were granted affordable investment
loans and grants from the Agriculture and
Rural Development Support Institution’s
(TKDK) IPARD-supported investment
program, or loans with long grace periods
in line with agricultural cash flow from the
Ministry of Food, Agriculture and Livestock’s
Grant-Supported Rural Development and
AGRICULTURAL BANKING
REVIEW OF OPERATIONS IN 2015
THE PRODUCTIVE BANK
THAT STANDS BY THE FARMER
