A.State Banks
1.Ziraat Bank
2.Halkbank
3.Vakif Bank of Turkey

B.Private Deposit Money Bank
1.Adabank
2.Akbank
3.Anadolubank
4.Fibabank
5.Şekerbank
6.Turkish Bank
7.Turkish Economy Bank
8.Turkiye İş Bank
9.Yapı Kredi Bank

C.Banks Transferred to Saving Deposit Insurance Fund
1.Fund Union Bank

D.Foreign Capitalized Banks Founded in Turkey
1.Alternatif bank
2.Arap Türk Bank
3.Bank of Tokyo-Mitsubishi UFJ Turkey
4.Burgan Bank
5.Citibank
6.Denizbank
7.Deutsche Bank
8.Finans Bank
9.HSBC Bank
10.ICBC Turkey Bank
11.ING Bank
12.Odea Bank
13.Rabobank
14.Turkland Bank
15.Turkish Garanti Bank

E.Foreign Capitalized Banks Which Opened Branches in Turkey
1.Bank Mellat
2.Habib Bank Limited
3.Intesa Sanpaolo S.P.A.
4.JPMorgan Chase Bank N.A.
5.Société Générale (SA)
6.The Royal Bank of Scotland Plc.

F.Development and Investment Banks With Public Funds
1.Iller Bank
2.Turkish Eximbank
3.Development Bank of Turkey

G.Development and Investment Banks With Private Capital
1.Aktif Yatırım Bank
2.Diler Yatırım Bank
3.GSD Yatırım Bank
4.Istanbul Takas ve Saklama Bank
5.Nurol Yatırım Bank
6.Turkish Industrial Development Bank

H.Foreign Capitalized Development and Investment Banks
1.BankPozitif
2.Merrill Lynch Investment Bank
3.Pasha Investment Bank
4.Standard Chartered Investment Bank of Turkey

Source: Bank Association

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.

50 bps positive impact on CAR

Expressing his gratitude regarding the successful completion of the exchange process of Basel II compliant notes issued in 2012 to Basel III-compliant notes, VakıfBank’s CEO Mr. Halil Aydogan said “I consider this transaction as significant in two ways. First of all, VakıfBank broke a new ground again in the Banking sector with this exchange transaction. In compliance with the amendments in capital legislation of our country and foreign applications, we lengthen a part of Basel II-compliant notes’ maturity to November 2027 and also make them Basel III-compliant. Additionally, we strengthen our capital base through the exchange transaction in a more cost-effective way compared to a new bond issuance. I have to notify that the exchange has a 50 bps positive impact on our YE 2016 Capital Adequacy Ratio. We will continue to support real sector, especially the blue-chip projects with our long term foreign funds and strengthening capital base.

Source: vakifbank.com.tr

Legal Notice: The information in this article is intended for information purposes only. It is not intended for professional information purposes specific to a person or an institution. Every institution has different requirements because of its own circumstances even though they bear a resemblance to each other. Consequently, it is your interest to consult on an expert before taking a decision based on information stated in this article and putting into practice. Neither MuhasebeNews nor related person or institutions are not responsible for any damages or losses that might occur in consequence of the use of the information in this article by private or formal, real or legal person and institutions.