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45
VAKIFBANK ANNUAL REPORT 2013
savıngS deposıt amount
(TL BILLION)
30
24
18
12
6
0
2012
2013
2011
20.6
25.0
31.3
Dynamic and effective securities portfolio
management
VakıfBank, one of the 13 market maker
banks as determined by the Turkish Treasury,
has continued to take an active role both in
primary and secondary bill-bond markets in
2013. The Bank’s securities portfolio building
strategies will continue to be determined by
creating a dynamic securities portfolio during
high volatility periods in securities’ interest
rates and by maintaining a cautious and profit
focused strategy.
In 2013, VakıfBank’s total deposit base
expanded 21.3% annually to TL 81.5 billion,
of which TL 59.4 billion was in local currency
and TL 22.1 billion was in foreign currency.
Savings deposits rose to TL 31.3 billion at the
end of 2013, up 25.2% from the previous
year; TL deposits increased 22.3% and totaled
TL 20.9 billion, while foreign currency deposits
climbed to TL 10.4 billion, up 31.7%. The
Bank’s saving deposits to total deposits ratio
increased from 37.2% in 2012 to 38.4% in
2013.
During the year, VakıfBank’s demand deposits
rose 25.4% and totaled TL 13.7 billion, up
from TL 10.9 billion and the demand deposits
to total deposits ratio amounted to 16.8%.
With the contribution of VakıfBank’s rapidly
expanding branch network, the policy of
expansion of deposits to a wider base and
cost-oriented resource management will
continue into 2014. The steady upward trend
in deposits will be protected.
Operational efficiency
In 2013, the IT system infrastructure for
treasury products was completed. It is
anticipated that significant gains will be
achieved in terms of operational efficiency
between branch offices and Head Office units’
communications in the coming year.
While offering a wide range of treasury
products to meet specific needs of customers
across all segments, VakıfBank has adopted
a competitive pricing strategy. With the
contribution of its rapidly expanding branch
network, VakıfBank will continue efforts to
market treasury products designed to match
customer needs and to maintain its aim of a
steady growth in the customer portfolio and
transaction volume during 2014.