VAKIFBANK
ANNUAL REPORT 2015
76
Vakıf Menkul Kıymetler Yatırım Ortaklığı A.Ş.
Established in 1991 as a publicly held company,
Vakıf Menkul Kıymet Yatırım Ortaklığı A.Ş. is
an investment trust. It professionally manages
the assets of small and individual investors in
the stock exchange, facilitates the trading of
marketable securities and maximizes the returns
of its portfolio by closely monitoring foreign
exchange, stock and money markets. VakıfBank
owns a 22.89% stake in the Company’s share
capital of TL 20 million.
Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş.
Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş. was
founded under the guidance of VakıfBank as the
first real estate investment trust in Turkey with
an issued capital of TL 250,000. The company
was set up to establish and manage a portfolio
of real estate properties and real estate backed
capital markets instruments. VakıfBank owns a
38.70% stake in the Company’s share capital of
TL 205.4 million.
Vakıf Factoring A.Ş.
Vakıf Factoring A.Ş. was established in 1998
to provide factoring services for domestic and
international commercial transactions. VakıfBank
owns a 78.39% stake in the Company’s share
capital of TL 22.4 million.
Vakıf Yatırım Menkul Değerler A.Ş.
Vakıf Yatırım Menkul Değerler A.Ş. was
originally established as Vakıf Yatırım A.Ş.
(Vakıf Investment Inc.) under the direction of
VakıfBank to conduct capital market activities in
the same year pursuant to the Capital Markets
Board’s resolutions dated August 15, 1996.
VakıfBank owns a 99% stake in the Company’s
share capital of TL 35 million. In addition to
providing brokerage services, Vakıf Yatırım
Menkul Değerler A.Ş. (Vakıf Investment Inc.)
performs repurchasing agreements of securities
(repo transactions), and provides investment
consultancy services.
Vakıf Portföy Yönetimi A.Ş.
Vakıf Portföy Yönetimi A.Ş. was established
to manage customer portfolios consisting of
capital markets instruments as the authorized
agent under discretionary portfolio management
agreements pursuant to the Capital Markets Law
and other applicable legislation. The Company’s
core business is setting up and managing
mutual funds in line with CMB regulations
and other applicable legislation. The Company
also provides investment advisory and capital
markets services. VakıfBank owns a 100% stake
in the Company’s share capital of TL 3 million.
Kredi Garanti Fonu A.Ş.
Kredi Garanti Fonu A.Ş. was established in 1991
to provide collateral for all types of loans in
favor of SMEs, farmers, artisans, craftsmen and
the self-employed. VakıfBank participated in the
Company in 2009 and owns a 1.69% stake in its
share capital of TL 278.4 million.
Thirteen of VakıfBank’s subsidiaries operate in the
financial services sector
(four in banking, two in
insurance and seven in other financial lines of
business)
while 10 are non-financial subsidiaries
(one
in energy, two in tourism, one in manufacturing
and six in other commercial companies).
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VAKIFBANK