VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 43 Trade Finance Loans from European Bank for Reconstruction and Development (EBRD) Under the agreement signed between VakıfBank and European Bank for Reconstruction and Development, pre-shipment and post-shipment financing needs of commercial customers were met with the EBRD Trade Finance Loan product. Loan allocations from the credit facility extended by EBRD to the Bank were conducted in an efficient and effective manner in 2018. As a result, the financing needs of commercial customers for trade finance transactions were met under favorable conditions. Project Financing VakıfBank focuses on eco-friendly and sustainable development which minimizes the adverse effects of global climate change and is included in Borsa Istanbul (BIST)’s Sustainability Index. In line with this sustainability-oriented mission, the Bank provides loans with attractive conditions to commercial and corporate customers for their energy efficiency and renewable energy projects. In 2018, VakıfBank continued to meet the investment and project financing needs of commercial customers with its extensive experience and expertise in this area. Funds issued from international financial institutions – such as European Investment Bank and World Bank – were extended to SME, Commercial and Corporate customers as investment and working capital, ensuring the diversification of financial solutions. The Bank’s commercial segment-focused loan campaigns, service approach centered on customer satisfaction and effective customer communications resulted in a 11% rise in project loans extended to commercial customers. As a result, VakıfBank continued to contribute to the national economy and real sector in 2018. VakıfBank recorded steady growth in project finance in 2018 by offering financial solutions in line with the needs of its customers, thanks to its revamped IT systems infrastructure, prevalent branch network and expert employees. Commercial Loans (TL Billion) 2018 170.2 2017 135.0 CBRT Rediscount Credits To promote well-balanced growth, CBRT extends export rediscount credits to exporters and export-oriented manufacturers via Türk Eximbank A.Ş. and commercial banks active in Turkey. VakıfBank mediated in CBRT Rediscount Credit allocations to meet commercial customers’ pre-shipment and post-shipment financing needs, in accordance with CBRT’s Export and Foreign Currency-Yielding Rediscount Credits Application Regulation. VakıfBank meets the needs and expectations of customers with its expert and dynamic employees.