Basic HTML Version
17
VAKIFBANK ANNUAL REPORT 2013
BRSA’s measures in question are the steps
taken to reduce the current account deficit by
increasing the savings rate.
We gather strength and prepare for the
future
While the above mentioned developments
prevailed around the world as well as in
Turkey, VakıfBank finished a year in which we
gathered strength and prepared for the future.
We continued to maintain our strength in
retail banking. Our retail loans increased 26%
to TL 30,488 million. We are determined
to continue supporting households and
maintaining our strength in the upcoming
periods.
As in previous years, in 2013 we again
committed ourselves to projects that
contribute to the development of the country
and we continued to support SMEs that are
the driving force of our economy. I believe
we stand apart from our competitors with our
special product packages designed for SMEs
and our approach that makes our clients a part
of the VakıfBank family. We have provided
low-cost international sources for SMEs during
this period and have developed and put into
service for these SMEs the TurSEFF-II loan, as
a continuation of Turkey Sustainable Energy
Financing Facility (TurSEFF) of the European
Bank for Reconstruction and Development
(EBRD), first launched in 2010.
Award for Excellence in Sustainable
Energy Financing
VakıfBank, previously honored with the
“Award for Excellence in Sustainable Energy
Financing” by the EBRD, repeated its success
in this area in 2013 and became the first bank
that placed a loan from TURSEFF-II.
While we continued to support the country’s
economy by extending loans, we increased our
total deposits by 21% to TL 81,533 million, as
one of the most preferred banks of depositors.