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Table of Contents
PART I: INTRODUCTION | 2 |
Agenda of the 60th Ordinary General Assembly Meeting | 2 |
2013 Profit Distribution Proposal and Dividend Policy | 3 |
Compliance Opinion on the Annual Report | 4 |
Declaration of Responsibility | 5 |
VakıfBank in Brief | 6 |
VakıfBank’s Cornerstones | 7 |
History and Ownership Structure | 8 |
Key Financial Indicators | 10 |
Key Ratios | 12 |
Message from the Chairman | 14 |
Message from the CEO | 16 |
2013 in the World and in Turkey | 19 |
2013 at a Glance | 30 |
2013 Activities | 32 |
Corporate Social Responsibility | 62 |
Affiliates and Subsidiaries | 63 |
PART II: MANAGEMENT AND CORPORATE GOVERNANCE PRACTICES | 66 |
Summary Report of the Board of Directors | 66 |
Board of Directors | 68 |
Audit Committee Members | 71 |
Executive Management | 72 |
Internal Control Systems Executives | 76 |
Committees | 77 |
Human Resources Practices | 78 |
Outsourced Support Services | 79 |
Transactions with the Bank’s Risk Group | 79 |
Corporate Governance Principles Compliance Report | 80 |
PART III: FINANCIAL HIGHLIGHTS AND RISK MANAGEMENT | 88 |
Statutory Auditor’s Report | 88 |
Assessment of the Internal Systems and 2013 Operations | 89 |
Risk Management Policies Applied by Risk Type | 91 |
Amendments to the Articles of Incorporation | 93 |
Independent Auditors’ Report, Unconsolidated Financial Statements, Explanations and Footnotes for the Year Ended December 31, 2013 | 101 |
Independent Auditors’ Report, Consolidated Financial Statements, Explanations and Footnotes for the Year Ended December 31, 2013 | 197 |
Evaluation of the Bank’s Financial Position, Profitability and Solvency | 302 |
International Credit Ratings | 304 |
Five-Year Summary Financial Information | 305 |