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Turkiye Vakiflar Bankasi TAO (VAKBN.IS)

VAKBN.IS on Istanbul Stock Exchange

3.58TRY
23 May 2019
Change (% chg)

0.17TL (+4.99%)
Prev Close
3.41TL
Open
3.43TL
Day's High
3.59TL
Day's Low
3.42TL
Volume
44,489,987
Avg. Vol
48,556,737
52-wk High
5.99TL
52-wk Low
2.98TL

Latest Key Developments (Source: Significant Developments)

Vakifbank Finalizes Issuance Of Additional Tier-1 Notes With Nominal Amount Of 700 Million Euros
Friday, 19 Apr 2019 

April 22 (Reuters) - VAKIFBANK ::SAID ON FRIDAY FINALIZES ISSUANCE OF ADDITIONAL TIER-1 NOTES WITH NOMINAL AMOUNT OF EUR 700 MILLION AS OF APRIL 18, 2019.SAYS EURO DENOMINATED ADDITIONAL TIER 1 ISSUANCE HAS FIX RATE COUPON PAYMENT ON ANNUAL BASIS, PERPETUAL NON-CALL 5 (PNC5) STRUCTURE .  Full Article

Vakifbank Starts Negotiations For Collective Bargaining Agreement With BASS
Monday, 15 Apr 2019 

April 15 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO ::NEGOTIATIONS FOR 24TH TERM COLLECTIVE BARGAINING AGREEMENT BETWEEN VAKIFBANK AND BASS (BANKA VE SIGORTA İŞÇILERI SENDIKASI) BEGAN ON APRIL 15TH, 2019.  Full Article

Vakifbank Proposes Not To Pay Dividend For FY 2018
Saturday, 6 Apr 2019 

April 8(Reuters) - VAKIFBANK ::SAID ON SATURDAY PROPOSES NOT TO PAY DIVIDEND FOR FY 2018.  Full Article

Vakifbank Says Book-Building Process In Relation To Issuance Of Eurobond Has Been Completed
Thursday, 21 Mar 2019 

March 22 (Reuters) - TURKIYE VAKIFLAR BANKASI ::SAID ON THURSDAY BOOK-BUILDING PROCESS IN RELATION TO ISSUANCE OF EUROBOND HAS BEEN COMPLETED .SET COUPON RATE AT 8.125 PERCENT IN RESPECT OF $600 MILLION FIXED RATE NOTES WITH SEMI-ANNUAL INTEREST PAYMENT, WITH MATURITY ON MARCH 28TH, 2024 .CITI AND JP MORGAN HAD BEEN MANDATED AS GLOBAL COORDINATORS AND JOINT BOOKRUNNERS.ING, MIZUHO, MUFG, AND SMBC NIKKO HAD BEEN MANDATED AS JOINT BOOKRUNNERS FOR ISSUANCE OF U.S. DOLLAR-DENOMINATED EUROBOND TO QUALIFIED INSTITUTIONAL INVESTORS WHO ARE DOMICILED OUTSIDE OF TURKEY.  Full Article

Vakifbank FY 2018 Net Profit Up At 4.15 Billion Lira YoY
Wednesday, 13 Feb 2019 

Feb 13 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO ::FY 2018 NET PROFIT OF 4.15 BILLION LIRA VERSUS 4.02 BILLION LIRA YEAR AGO.FY 2018 NET INTEREST INCOME OF 10.84 BILLION LIRA VERSUS 8.97 BILLION LIRA YEAR AGO.FY 2018 NET FEE AND COMMISSION INCOME 2.29 BILLION LIRA VERSUS 1.24 BILLION LIRA YEAR AGO.NON-PERFORMING LOANS AT END-DEC 10.80 BILLION LIRA VERSUS 7.94 BILLION LIRA AT END-DEC. 2017.  Full Article

Vakifbank Says Ziraat Portfoy To Acquire Unit Vakif Portfoy For 52.5 Mln Lira In Full
Friday, 14 Dec 2018 

Dec 14 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO ::SAYS 100 PERCENT UNIT VAKIF PORTFOY YONETIMI WILL BE SOLD TO ZIRAAT PORTFOY YONETIMI WITH A PRICE OF 52.5 MILLION LIRA IN FULL.SAYS WITHIN SCOPE OF NEW ECONOMIC PROGRAM IT IS PLANNED TO ESTABLISH ROBUST CORPORATE FINANCE COMPANY BY INCORPORATING STATE OWNED INVESTMENT COMPANIES.  Full Article

Vakifbank's Board Authorizes Head Office To Apply For The Bond Issuance Up To USD 5.00 Bln
Friday, 14 Dec 2018 

Dec 14 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO ::BOARD OF DIRECTORS AUTHORIZES HEAD OFFICE TO APPLY CMB AND BRSA FOR THE BOND ISSUANCE UP TO USD 5 BILLION.  Full Article

Vakifbank Signs Syndicated Loan Deal Worth Total $855.0 Mln With 20 Banks Via Emirates NBD As Agent Bank
Wednesday, 21 Nov 2018 

Nov 21 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO ::SIGNS SYNDICATED LOAN DEAL WORTH $252.0 MILLION AND 528.5 MILLION EUROS AT TOTAL $855 MILLION WITH 20 BANKS.THE COST OF TRENCH AMOUNTING USD EQUIVALENT OF 130 MILLION WHICH HAS 2 YEARS TENOR IS LIBOR+3.50%.ALL-IN COST OF USD 122.0 MILLION LOAN WITH 367-DAY TRANCHE IS LIBOR + 2.75 PERCENT.ALL-IN COST OF EUR 528.5 MILLION LOAN WITH 367-DAY TRANCHE IS EURIBOR + 2.65 PERCENT.  Full Article

Vakifbank Q3 2018 Net Profit Up At 984.9 Million Lira
Friday, 9 Nov 2018 

Nov 9 (Reuters) - TURKIYE VAKIFLAR BANKASI TAO ::Q3 2018 NET PROFIT OF 984.9 MILLION LIRA VERSUS 700.7 MILLION LIRA YEAR AGO.Q3 2018 NET INTEREST INCOME OF 3.37 BILLION LIRA VERSUS 1.80 BILLION LIRA YEAR AGO.Q3 2018 NET FEE AND COMMISSION INCOME 600.0 MILLION LIRA VERSUS 356.0 MILLION LIRA YEAR AGO.NON-PERFORMING LOANS AT END-SEPT 9.57 BILLION LIRA.  Full Article

Vakifbank Receives Approval From CMB To Issue Debt Instruments Up To 5.0 Billion Lira
Monday, 24 Sep 2018 

Sept 25 (Reuters) - TURKIYE VAKIFLAR BANKASI ::SAID ON MONDAY RECEIVES APPROVAL FROM CENTRAL MARKETS BOARD(CMB) TO ISSUE DEBT INSTRUMENTS UP TO 5.0 BILLION LIRA .TO ISSUE DEBT INSTRUMENTS IN DOMESTIC MARKETS TO QUALIFIED INVESTORS.  Full Article

Turkey to boost exports with another $4.9 billion package: Albayrak

(Corrects May 23 headline and first paragraph to stress package boosts exports)