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VAKIFBANK
ANNUAL REPORT 2014
The aim is to create a structure based on the specialization of the staff members in line with their competencies and thus to determine their career steps by
taking their performance measurements and trainings into consideration. Making evaluations with an organizational approach that cultivates its managers/
executives, and monitoring the employee members who have the competencies necessary for the job, and making sure that they are cultivated for executive
positions.
To this end, efforts are made to increase the corporate (employee) loyalty, and to create an organization where activities are carried out adopting the
corporate culture.
The performance process is continuously reviewed and improved as the performance measurements of branches and regional directorates are made;
performances are fairly and objectively evaluated; bonuses are paid to staff members depending on their performances.
Training programs inside and outside the Bank are carried out to improve the competencies of the staff and to ensure that the employees are specialized in
their jobs in line with their career plans through the approach targeting continuous learning, innovation and perfection.
Moreover, the Training Department provides orientation trainings within the scope of special programs for novice assistant auditors, assistant financial
analysts/associates and officers in order to help them get adapted to the Bank and in order to make sure that the corporate culture is adopted. Employee
members are informed about their job descriptions and distribution as well as performance and awarding principles.
The Bank’s staff works in accordance with the provisions of private law, and is recruited in conformity with the provisions of the Labor Law n.4857 currently
in effect. Bank employees are “Turkish Bank and Insurance Company Employees Union” (BASS) members, and thus working conditions of the employees
are determined with the collective bargaining agreements between the Bank and the union. Currently, CBA for the 21
st
Period between 01.05.2013 and
30.04.2015 is in effect.
Relations between the employees and employers are carried out by the directors and representatives of the abovementioned unions. The union
representatives forward the requests and complaints of the employees of the Bank about working conditions, personal rights, duties and responsibilities to the
employers and monitor the process.
Furthermore, there are union representatives, elected among the staff working in the Bank’s Unit/Branches, (i) who should monitor whether or not the
Collective Bargaining Agreement and the laws in force about the union members are practiced in line with their purposes and, (ii) who should verbally or in
writing inform the director of that workplace about the insufficiency and discrepancy they detected in these issues.
To date, there has not been any complaint from the employees about any discrimination issues. The names, surnames and duties of the directors of the
abovementioned unions are given below.
Name-Surname
Position
Turgut YILMAZ
President
Mustafa EREN
Secretary General
Salih KALFA
Secretary General-Finance
4.4 ETHICAL RULES AND SOCIAL RESPONSIBILITY
Pursuant to its objectives of protecting stability and reliability in the banking sector by preventing unfair competition, improving service quality and maintaining
the reputation of the banking profession before the public, the Board of Directors adopted the Bank’s Banking Ethical Rules, issued by the Banks Association of
Turkey with Board resolution numbered 74205, dated February 16, 2006, and the Bank has undertaken to comply with these rules. This resolution was approved
by the General Assembly held on March 31, 2006. Business Ethics in Banking (Code of Ethics) is available in Turkish and English on the Bank’s website. Assuring
to comply with the Business Ethics in Banking, VakıfBank has adopted the principle of contributing to social life at the maximum level. In line with the influence
of the “foundation heritage” in its roots and the image of “Compassionate Bank”, the Bank carried out important projects in the fields of sponsorship and social
responsibility also in 2014. Contribution was given to a wide range of activities of education, sports, culture and arts publishing, international organizations and
social responsibility projects.
Having given uninterrupted support to volleyball for 28 years, also this year VakıfBank continued its support to volleyball. The Bank continued to support National
Volleyball Women’s Teams and VakıfBank Volleyball Women’s Team as the main sponsor. VakıfBank Sports Club became the Turkish champion in the categories A,
Juniors and Stars while VakıfBank A Team won the Turkish Cup and Turkish Super Cup besides playing in the European Champions League Final. Furthermore, the
VakıfBank Sports Club made it into the Guinness World Records with its 73 winning-streak for having “the most consecutive volleyball victories in all competitions”.
Moreover, the National Volleyball Women’s Teams sponsored by VakıfBank became the European League champions for the first time in their history, and
successfully represented our country in the World Grand Prix Finals and World Cup.
Carrying its support for sports and education to schools all across the country, VakıfBank has provided a great number of schools with sports equipment and
stationery materials by its own means and by means of the sports club and has also sponsored and hosted numerous international national organizations.
Continuing to support arts also in 2014, VakıfBank gave many painters the opportunity to exhibit their works in the galleries in Ankara and İstanbul. Moreover,
Turkish Folk Music and Turkish Classical Music choruses formed within the Bank continued their activities throughout the year, while these activities and concerts
were supported by VakıfBank.