By Helgi Library - December 12, 2019
VakifBank's customer loans reached TRY 188,337 mil in 2017, up 25.4% compared to the previous year. Turkish banking sector prov...
By Helgi Library - December 12, 2019
VakifBank's customer loans reached TRY 188,337 mil in 2017, up 25.4% compared to the previous year. Turkish banking sector prov...
By Helgi Library - December 12, 2019
VakifBank's customer deposits reached TRY 148,075 mil in 2017, up 22.3% compared to the previous year. Turkish banking sector a...
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By Helgi Library - December 12, 2019
VakifBank's customer deposits reached TRY 148,075 mil in 2017, up 22.3% compared to the previous year. Turkish banking sector accepted customer deposits of TRY 1,670 bil in 2017, up 17.8% when compared to the last year. VakifBank accounted for 9.19% of al...
By Helgi Library - June 23, 2018
VakifBank made a net profit of TRY 3,910 mil under revenues of TRY 12,509 mil in 2017, up 41.8% and 25.0% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of TRY 3,910 mil in 2017 and an all time low of TRY -749...
By Helgi Library - June 23, 2018
VakifBank made a net profit of TRY 3,910 mil under revenues of TRY 12,509 mil in 2017, up 41.8% and 25.0% respectively compared to the previous year. Historically, the bank’s net profit reached an all time high of TRY 3,910 mil in 2017 and an all time low of TRY -749...
By Helgi Library - June 23, 2018
VakifBank employed 16,097 persons in 2017, up 3.09% when compared to the previous year. Historically, the bank's workforce hit an all time high of 16,097 persons in 2017 and an all time low of 7,150 in 2004. Average cost reached USD 3,147 per month per employee, ...
By Helgi Library - June 23, 2018
VakifBank employed 16,097 persons in 2017, up 3.09% when compared to the previous year. Historically, the bank's workforce hit an all time high of 16,097 persons in 2017 and an all time low of 7,150 in 2004. Average cost reached USD 3,147 per month per employee, ...
By Helgi Library - June 23, 2018
VakifBank employed 16,097 persons in 2017, up 3.09% compared to the previous year. Historically, the bank's workforce hit an all time high of 16,097 persons in 2017 and an all time low of 9,567 in 2008. The bank operated a network of 927 branches and 4,037...
By Helgi Library - June 23, 2018
VakifBank employed 16,097 persons in 2017, up 3.09% compared to the previous year. Historically, the bank's workforce hit an all time high of 16,097 persons in 2017 and an all time low of 9,567 in 2008. The bank operated a network of 927 branches and 4,037...
By Helgi Library - June 23, 2018
VakifBank's retail deposits reached TRY 88,188 mil in 2017, up 24.7% compared to the previous year. Turkish banking sector accepted retail deposits of TRY 945 bil in 2017, up 17.2% when compared to the last year. VakifBank accounted for 9.33% of all retai...
By Helgi Library - June 23, 2018
VakifBank's retail deposits reached TRY 88,188 mil in 2017, up 24.7% compared to the previous year. Turkish banking sector accepted retail deposits of TRY 945 bil in 2017, up 17.2% when compared to the last year. VakifBank accounted for 9.33% of all retai...
By Helgi Library - December 12, 2019
VakifBank's corporate loans reached TRY 145,736 mil in 2017, up 27.9% compared to the previous year. Turkish banking sector provided corporate loans of TRY 1,571 bil in 2017, up 22.5% when compared to the last year. VakifBank accounted for 9.79% of all co...
Türkiye Vakıflar Bankası T.A.O (or VakifBank) is a Turkey-based universal bank. The Bank offers retail and commercial banking products and services, such as credit and debit cards, private and commercial loans, savings and checking accounts and money transfers, issuing letters of guarantee, foreign currency and non-cash loans and commercial loan deposit accounts, as well as portfolio management, mutual and pension fund management, international trade finance and securities brokerage. At the end of 2015, the Bank operated a network of 920 branches and more than 3,200 ATMs in Turkey and abroad. Türkiye Vakiflar Bankasi Türk Anonim Ortakligi was founded in 1954 and is headquartered in Istanbul, Turkey.
VakifBank has been growing its revenues and asset by 15.9% and 20.2% a year on average in the last 10 years. Its loans and deposits have grown by 22.8% and 18.0% a year during that time and loans to deposits ratio reached 127% at the end of 2017. The company achieved an average return on equity of 14.9% in the last decade with net profit growing 14.1% a year on average. In terms of operating efficiency, its cost to income ratio reached 50.5% in 2017, compared to 53.5% average in the last decade.
Equity represented 8.71% of total assets or 12.9% of loans at the end of 2017. VakifBank's non-performing loans were 4.08% of total loans while provisions covered some 80.2% of NPLs at the end of 2017.
VakifBank stock traded at TRY 6.77 per share at the end of 2017 resulting in a market capitalization of USD 4,475 mil. Over the previous five years, stock price rose by 46.9% or 7.99% a year on average. That’s compared to an average ROE of 14.0% the bank generated for its shareholders. This closing price put stock at a 12-month trailing price to earnings (PE) of 4.33x and price to book value (PBV) of 0.695x in 2017.
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