VAKIFBANK
ANNUAL REPORT 2015
60
Bahrain Branch
The Bahrain Branch was established in 2005
to finance foreign trade transactions, which
continue to expand due to the soaring business
volume between Turkey and the Gulf Region,
and to fund projects planned in this region.
Arbil Branch
Pioneering the banking sector once again,
VakıfBank secured its place among the first
Turkish banks that have opened branches in
Northern Iraq. The Bank’s aim is to support
the commercial and economic collaboration
between Turkey and Iraq and to back Turkish
entrepreneurs who make investments in the
region. The Arbil Branch commenced operation
in february 2011.
EFFECTIVE COMMUNICATION WITH
INVESTORS
During 2015, VakıfBank regularly provided
information about its corporate affairs and
operations to investors and securities firms.
In 2015, the Investor Relations Department:
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Attended 19 local and international investor
conferences, and held face-to-face meetings
with approximately 650 foreign and local
institutional investors.
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Held more than 200 meetings at the Bank’s
İstanbul office, and met with approximately
450 investors/analysts. Organized four
teleconferences to assess the results of
financial statements, and published the
records of these teleconferences on the
Bank’s English-language website. Held
regular annual assessment meeting with
four credit rating agencies (Fitch, Moody’s,
S&P, and Capital Intelligence). Remained in
close contact with numerous equity analysts
issuing reports about VakıfBank and provided
timely and accurate input during the
preparatory stages of the reports. Feedback
on these reports was communicated to the
analysts. Continuously updated the English
version of the Bank’s website and provided
convenience English translations for material
event disclosures published on the Public
Disclosure Platform, allowing all stakeholders
and shareholders to remain informed in
an accurate and up-to-date manner. The
61
st
Ordinary General Assembly Meeting
in 2015 was organized in the scope and
manner demanded by the Banking Law,
Capital Markets Law, Corporate Governance
Communique, the Bank’s Articles of
Incorporation and other applicable legislation.
–– Established under the Investor Relations
Department and reporting directly
to the Sustainability Sub-Committee,
Sustainability Service continued its
operations to ensure the effective
management of the Bank’s sustainability
efforts.
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VakıfBank had a fruitful discussion with the
firm EIRIS, which evaluates Borsa İstanbul-
listed companies according to international
sustainability criteria, as regards their
assessment report on VakıfBank. Afterwards,
relevant departments carried out joint efforts
to improve the Bank’s performance according
to suggestions in the said report so as to
ensure the Bank’s continuity in the index.
–– In order to produce the Bank’s
Sustainability Report and share it in a
transparent fashion with stakeholders,
all departments expended coordinated
efforts. The first Sustainability Report,
which covers the activity period from
2014 until June 2015 is prepared in
accordance with the G4 standards of
Global Reporting Initiative (GRI) and was
submitted to stakeholders’ information.
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For the first time in Turkish Banking,
VakıfBank Investor Relations designed and
launched in 2014 its Investor Relations App
for the iPhone and iPad users among its
investor base. The app was downloaded to
tablet PCs and smartphones by 4,710 users
as of year-end 2015.
Since its launch, VakıfBank Investor Relations app
was downloaded to tablet PCs and smartphones
by 4,710 users as of year-end 2015.
REVIEW OF OPERATIONS IN 2015
THE ECO-FRIENDLY BANK
THAT THINKS OF THE FUTURE
