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PART I: INTRODUCTION
02
Agenda of the 60th Ordinary General Assembly Meeting
03
2013 Profit Distribution Proposal and Dividend Policy
04
Compliance Opinion on the Annual Report
05
Declaration of Responsibility
06
VakıfBank in Brief
07
VakıfBank’s Cornerstones
08
History and Ownership Structure
10
Key Financial Indicators
12
Key Ratios
14
Message
from the Chairman
16
Message from the CEO
19
2013 in the World and in Turkey
30
2013 at a Glance
32
2013 Activities
62
Corporate Social Responsibility
63
Affiliates
and Subsidiaries
PART II: MANAGEMENT AND CORPORATE GOVERNANCE PRACTICES
66
Summary Report of the Board of Directors
68
Board of Directors
71
Audit Committee Members
72
Executive Management
76
Internal Control Systems Executives
77
Committees
78
Human Resources Practices
79
Outsourced Support Services
79
Transactions with the Bank’s Risk Group
80
Corporate Governance Principles Compliance
Report
PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT
88
Statutory Auditor’s Report
89
Assessment of the Internal Systems and 2013 Operations
91
Risk Management Policies Applied by Risk Type
93
Amendments to the Articles
of Incorporation
101
Independent Auditors’ Report, Unconsolidated Financial Statements, Explanations and Footnotes for the Year Ended December 31, 2013
197
Independent
Auditors’ Report, Consolidated Financial Statements, Explanations and Footnotes for the Year Ended December 31, 2013
302
Evaluation of the Bank’s Financial Position,
Profitability and Solvency
304
International Credit Ratings
305
Five-Year Summary Financial Information
Contents