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(Convenience Translation of Financial Statements and Related Disclosures and Footnotes Originally Issued in Turkish, See Section 3 Note I)
Türkiye Vakıflar Bankası Türk Anonim Ortaklığı
Unconsolidated Financial Report as at and
For the Year Ended 31 December 2013
(Currency: Thousands of TurkIsh LIra (“TL”))
IV. Information on individuals and entities who have qualified share in the Bank
The shareholder holding control over the Bank is the General Directorate of the Registered Foundations and Appendant Foundations represented by the
General Directorate of the Foundations having 58.45% of the Bank’s outstanding shares. Another organization holding qualified share in the Bank is
Vakıfbank Memur ve Hizmetlileri Emekli ve Sağlık Yardım Sandığı Vakfı, having 16.10% of outstanding shares of the Bank.
V. Information about the services and nature of activities of the Bank
The Bank was established under the authorization of special law numbered 6219, called “the Law of Türkiye Vakıflar Bankası Türk Anonim Ortaklığı”,
on 11 January 1954 within the framework of the authority granted to The General Directorate of the Foundations. Operational activities of the Bank as
stated at its Articles of Association are as follows:
• Lending loans by granting securities and real estates against,
• Establishing or participating in all kinds of insurance corporations already established,
• Trading real estates,
• Servicing all banking operations and services,
• Operating real estates and participating in industrial sectors for corporations handed over by foundations and General Directorate of the Foundations in
line with conditions stipulated by agreements if signed.
• The Bank is established to render banking services to the foundations and carry out cashier transactions of the General Directorate of Foundations in
compliance with the agreements signed by General Directorate of the Foundations.
As at 31 December 2013 , the Bank has 856 domestic, 3 foreign, in total 859 branches (31 December 2012: 741 domestic, 3 foreign, in total 744
branches). As at 31 December 2013, the Bank has 14,943 employees (31 December 2012: 13,463 employees).
VAKIFBANK ANNUAL REPORT 2013
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