VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 51 These recent systems changes enables real estate tax payment: • at all VakıfBank ATMs, either from an existing account after being a Bank customer, or by cash without being a Bank customer, and • via the VakıfBank mobile application from an existing account. Loan allocation processes customized for local governments Unlike commercial enterprises, local governments are subject to a set of legislative and procedural requirements to access financing. To facilitate local governments’ access to financing, VakıfBank also provides its customers consultancy concerning such governing legislation. VakıfBank established a special loan allocation department to allocate loan limits to local governments. In addition, the Bank developed a special loan scoring system for municipalities to facilitate healthy and quick loan decisions. VakıfBank offers cost-effective international funding sources to local governments for project financing. Information delivered on foreign funds obtained. VakıfBank offers cost-effective international funding sources to local governments for project financing purposes. As a successful business partner of the EBRD-sponsored Turkey Sustainable Energy Finance Facility (TURSEFF), VakıfBank became the first bank to include municipalities under the scope of this programme. In 2018, advanced workshops were held, in metropolitan areas in particular, with TURSEFF programme consultants commissioned by EBRD. These workshops – attended by VakıfBank and TURSEFF project consultants, as well as domestic and foreign experts – focused on projects to boost the income of municipalities, especially energy and resource efficiency projects, as well as water management and transportation projects. All information provided in the workshops was recorded meticulously. With this effort, the Bank has delivered and continues to deliver relevant municipalities’ free-of-charge technical and financial consultancy services at every stage of their projects. The strength on the side of local governments... In 2018, VakıfBank remained the financial solutions partner of local governments with its high-quality products and services. The Bank will continue to be the strength on the side of local governments in the coming year.