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VAKIFBANK
2014 ANNUAL REPORT
POWER FOR DEBT PAYMENT
In 2014, VakıfBank, by realizing the portion of interest earning assets in the total assets at 82.62%, maintained its strong
liquidity structure and debt payment ability.
VakıfBank’s capital adequacy ratio of 13.96% was above the legal threshold and target.
VakıfBank’s strong correspondent network is built on a foundation of ongoing mutual trust and a solid reputation in
international markets. The Bank maintains a leading position in the sector by adjusting to changing global market
conditions and increasing the quality of service provided to customers while offering long-term funding solutions to
meet their financing needs. VakıfBank plays an important role in Turkey’s foreign trade and in international markets.
Thus, in April 2014, with the participation of 35 banks, VakıfBank secured total syndicated loan of US$ 995 million with
a maturity of one year in two tranches; US$ 270.5 million and EUR 525 million. The total cost of the loan obtained in
order to use for financing foreign trade was Libor/Euribor +0.90%. On the other hand, in the second half of 2014, with
the participation of 26 banks, VakıfBank secured one-year syndicated loan with a total amount of US$ 802 million, in
two tranches: US$ 168.5 million and EUR 578.75 million. Total syndicated loans secured in 2014 reached an amount
equivalent to US$ 1.85 billion.
Seeing customers as the most important source of funds, VakıfBank plans to continue growing by offering products and
services that best meet their needs in the coming years.