VKF_FRAE_2017

27 VakıfBank Annual Report 2017 The Banking sector’s total assets increased by 19.29% to reached TL 3,258 billion. 19.29% Well-established banking sector, continued to grow in 2017. In this period, the total assets of the sector climbed 19.29% to reach TL 3,257,842 million. The total loans of the sector increased by 20.98% to TL 2,098,246 million, while total deposits is up by 17.70% to TL 1,710,919 million. The Bank has a prominent place in the Turkish finance sector, and despite the developments in the international markets, it continued its support to the economy by providing national and international funding sources. In 2017, the Bank became the strength by the side of the real economy and households thanks to its upgraded technological infrastructure, human resources and innovative products and services. In the upcoming period, we shall continue to contribute to the development and sustainable growth of the national economy. At the same time, I believe that the Bank will sustain its performance in 2017 in order to achieve new accomplishments, and would like to take this occasion to express my gratitude, on behalf of the Bank, to our esteemed customers for their immense contribution to our success and sustainable growth, our dedicated staff, and our shareholders and investors for their trust. Yours sincerely, İSMAİL ALPTEKİN Chairman