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INTRODUCTION
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AFFILIATES AND
SUBSIDIARIES
VAKIF B TİPİ MENKUL KIYMETLER YATIRIM ORTAKLIĞI A.Ş.
Established in 1991 as a publicly held company,
Vakıf B Tipi Menkul Kıymetler Yatırım Ortaklığı A.Ş. is
an investment trust. It professionally manages the
assets of small and individual investors in the stock
exchange, facilitates the trading of marketable securities
and maximizes the returns of its portfolio by closely
monitoring foreign exchange, stock and money markets.
VakıfBank owns a 22.89% stake in the company’s share
capital of TL 20 million.
VAKIF GAYRİMENKUL YATIRIM ORTAKLIĞI A.Ş.
Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş. was founded
under the guidance of VakıfBank as the first real estate
investment trust in Turkey with an issued capital of
TL 250,000. The company was set up to establish and
manage a portfolio of real estate properties and real
estate backed capital markets instruments. VakıfBank
owns a 38.70% stake in the company’s share capital of TL
203 million.
VAKIF FİNANS FACTORİNG HİZMETLERİ A.Ş.
Vakıf Finans Factoring Hizmetleri A.Ş. was established
in 1998 to provide factoring services for domestic and
international commercial transactions. VakıfBank owns a
78.39% stake in the company’s share capital of TL 22.4
million.
Fourteen of VakıfBank’s subsidiaries operate in the financial
services sector, (five in banking, two in insurance, and seven in
other lines of the financial sector), while nine are non-financial
companies, (one in energy, two in tourism, one in manufacturing,
and five in other commercial businesses).
VAKIF YATIRIM MENKUL DEĞERLER A.Ş.
Vakıf Yatırım Menkul Değerler A.Ş. was originally
established as Vakıf Yatırım A.Ş. (Vakıf Investment Inc.)
under the direction of VakıfBank to conduct capital market
activities in the same year pursuant to the Capital Markets
Board’s resolutions dated August 15, 1996. VakıfBank
owns a 99% stake in the company’s share capital of TL
35 million. In addition to providing brokerage services,
Vakıf Yatırım Menkul Değerler A.Ş. performs repurchasing
agreements of securities (repo transactions), and provides
investment consultancy, and portfolio management and
asset management services.
VAKIF PORTFÖY YÖNETİMİ A.Ş.
Vakıf Portföy Yönetimi A.Ş. was established to manage
customer portfolios consisting of capital markets
instruments as the authorized agent under discretionary
portfolio management agreements pursuant to the
Capital Markets Law and other applicable legislation. The
company also provides investment advisory and capital
markets services. VakıfBank owns a 99.99% stake in the
company’s share capital of TL 3 million.
KREDİ GARANTİ FONU A.Ş.
Kredi Garanti Fonu A.Ş. was established in 1991 to provide
collateral for all types of loans in favor of SMEs, farmers,
artisans, craftsmen and the self-employed. VakıfBank
participated in the company in 2009 and owns a 1.75%
stake in its share capital of TL 240 million.