VKF_FRAE_2018_uyg11

VakıfBank Annual Report 2018 73 investor conferences; held face-to-face meetings with more than 380 foreign and local institutional investors. Following these investor conferences, reports were drafted in line with the feedback obtained from investors and presented to the Bank’s top management. Established close contact with all analysts who prepared reports about VakıfBank, provided accurate information during the drafting of these reports, and offered feedback regarding those. Interactive financial presentations Detailed presentations were prepared to announce the results of the financial statements. Financials for the relevant period were presented in detail to analysts and bond investors via four webcast teleconferences. The records of the teleconferences were made accessible on our English website. Relations with credit rating agencies Pursuant to the agreement signed at the end of 2017 between JCR Eurasia Rating Inc. and VakıfBank, work began on credit rating reviews. VakıfBank’s rating was designated as ‘Investment Grade’ as a result of the first evaluation conducted by the JCR Eurasia. Regular annual evaluation meetings were held with Fitch, Moody’s, S&P and JCR, where the Bank provided detailed answers to question sets related to its financial performance and strategies. General Assembly meetings The Ordinary General Assembly Meeting held in 2018 was conducted within the scope and compliance with the Banking Law, Capital Markets Law, Corporate Governance Communiqué, VakıfBank’s Articles of Incorporation and other applicable legislations. All VakıfBank shareholders were invited to the meeting, which registered a quorum of 88.73%. Shareholders had the opportunity to participate in the General Assembly meeting in person or online, made suggestions, expressed their opinions and cast their votes. Drafting of the Corporate Governance Compliance Report VakıfBank issued its Corporate Governance Compliance Report, which, pursuant to CMB’s Corporate Governance Communique, must be published by every listed company to demonstrate whether corporate governance principles are complied with, explain the reasons for any non-compliance, and identify any conflicts of interest arising from such non-compliance. The report was submitted to stakeholders via the VakıfBank corporate website in both Turkish and English. Hosting the EMTA Forum In September, VakıfBank successfully hosted the first EMTA Forum held in Turkey as the main sponsor of the event. A total of 175 investment institutions are members of EMTA (Emerging Markets Trade Association). In addition to EMTA members, representatives of foreign banks and senior executives of investment companies in Istanbul also showed great interest to the conference. This was the first EMTA conference held in Turkey. This efficient event also helped improve Turkey’s image and reputation across international markets. During 2018, VakıfBank uninterruptedly continued to leverage its relations with investors or brokerage companies and provide information to them.