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VAKIFBANK
ANNUAL REPORT 2014
41
SME BANKING
INCREASING ITS CASH LOANS BY 20.63% IN 2014,
VAKIFBANK CONTINUED TO GIVE ITS FULL SUPPORT
FOR SME CUSTOMERS.
In line with its “Compassionate Bank” approach, VakıfBank
continued to grow by expanding its product and service
portfolio in SME Banking line and enabling alternative channels
for SME customers to access financial products more easily.
In the sector, where the customer needs constantly diversify,
VakıfBank has developed convenient solutions by thoroughly
analyzing the needs of SMEs.
2014 PERFORMANCE
On the basis of the provisions for the “Regulation on Definition,
Classification and Qualifications of Small and Medium Size
Enterprises,” VakıfBank continued supporting SME customers
in 2014; cash loans increased by 20.63% compared to the
previous year.
VakıfBank continued to develop innovative products to meet
the specific needs of SME customers in 2014:
•
In order to enable exporting SMEs to carry out their foreign
trade transactions more easily at lower costs, “Söz Veren
İndirim Sözünü Tutana İade İhracatçı Destek Paketi” was
renewed and the Bank signed a cooperation agreement
with the Turkish Exporters’ Assembly (TİM) in order to meet
the financing needs of exporting SMEs. Within the scope of
the cooperation agreement, exporting SMEs will be provided
with financing opportunities at affordable interest rates.
•
The Bank provided “Urban Transformation Business Loans” in
order to re-construct, reinforce or re-locate businesses which
are identified to be “risky structures” or in “risky areas”
following the diagnosis report prepared by companies
authorized by the Ministry of Environment and Urban
Planning, pursuant to the “Law Pertaining to Transformation
of Areas Under Disaster Risk No. 6306”.
•
Having signed a co-financing agreement with the Small
and Medium Enterprises Development Organization
(KOSGEB), the Bank provides financing for SMEs within the
scope of five different support programs: R&D Innovation
and Industrial Applications, Project, Entrepreneurship,
Cooperation-Collaboration, and Thematic Project.
•
VakıfBank continued to provide full support to SMEs who
are members of Chambers of Commerce and Industry.
In line with this approach, the Bank signed cooperation
agreements with the Chambers of Commerce and Industry
in provinces from all regions of Turkey including Izmir, Sivas,
Bursa and Elazığ; under the agreements, chamber members
were presented financing opportunities with up to seven
year terms at affordable rates.
•
VakıfBank continues to secure cost-effective facilities from
abroad and provide them for the use of SMEs. In 2014,
funding amounting to € 25 million provided by the European
Investment Bank was presented for the use of SMEs
operating in regions which are prioritized for development
within Support for the Greater Anatolia project; all of the
funding was used in short period of time.
•
For its 60th Anniversary in 2014, VakıfBank provided SMEs
with the 60th Anniversary Loan that is available with
60-month terms at affordable interest rates and includes
a documentation fee of only TL 60. For the cash needs of
SMEs, the Bank also provided the “Summer Loan Campaign”
with options including the 90-day grace period at flexible
interest rates starting from 0%, installment deferrals up to
four installments in total and flexible payment plans with
installments.
•
In order to meet the increasing cash needs of SMEs at the
end of the year and provide a financial break for the last
months of the year, the “Early Welcome to 2015 Loan
Campaign” was launched with a four-month grace period, a
rare opportunity in the sector.
•
The “Hesap Ortada Loan Campaign” was developed to
support the unexpected financial needs of SMEs in interim
periods. With this campaign, SMEs were offered various loan
opportunities with interest rates starting from 0%.
•
The Bank secured a € 25 million facility from the European
Bank for Reconstruction and Development (EBRD) to support
women entrepreneurs. A new loan product will be available
for women entrepreneurs in 2015.
20.63%
VakıfBank continued
to support SMEs by
increasing cash loans by
20.63% in 2014.