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VAKIFBANK
2014 ANNUAL REPORT
CONVENIENCE TRANSLATION OF PUBLICLY ANNOUNCED UNCONSOLIDATED FINANCIAL STATEMENTS ORIGINALLY ISSUED IN TURKISH, SEE NOTE I. OF SECTION THREE
TÜRKİYE VAKIFLAR BANKASI TÜRK ANONİM ORTAKLIĞI
UNCONSOLIDATED FINANCIAL REPORT FOR THE
YEAR ENDED AT 31 DECEMBER 2014
(Amounts expressed in thousands of Turkish Lira (“TL”) unless otherwise stated.)
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 as collateral,
• 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 2014, the Bank has 890 domestic, 3 foreign, in total 893 branches (31 December 2013: 856 domestic, 3 foreign, in total 859 branches). As
at 31 December 2014, the Bank has 14,920 employees (31 December 2013: 14,943 employees).
VI. CURRENT OR LIKELY ACTUAL OR LEGAL BARRIERS TO IMMEDIATE TRANSFER OF EQUITY OR REPAYMENT OF DEBTS BETWEEN BANK AND ITS
SUBSIDIARIES
None.