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Turkiye Vakiflar Bankasi TAO (VAKBN.IS)

VAKBN.IS on Istanbul Stock Exchange

4.76TRY
16 Jul 2019
Change (% chg)

0.10TL (+2.15%)
Prev Close
4.66TL
Open
4.69TL
Day's High
4.77TL
Day's Low
4.61TL
Volume
58,788,314
Avg. Vol
46,931,626
52-wk High
5.69TL
52-wk Low
2.98TL

Latest Key Developments (Source: Significant Developments)

Vakifbank Issues $150 Million Eurobond With 5 Years Maturity To Qualified Investors Abroad
Tuesday, 25 Jun 2019 

June 26 (Reuters) - VAKIFBANK ::SAID ON TUESDAY ISSUES $150 MILLION EUROBOND WITH 5 YEARS MATURITY TO QUALIFIED INSTITUTIONAL INVESTORS ABROAD.THE ISSUANCE AMOUNT HAVE BEEN TRANSFERRED TO VAKIFBANK'S ACCOUNTS ON JUNE 25 .  Full Article

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

Turkey to extend new $4.3 billion loan package to companies

ISTANBUL Twelve Turkish banks will offer companies a total of 25 billion lira ($4.31 billion) as part of a Treasury-backed loan package, the banking association (TBB) said on Wednesday, in what would be Ankara's latest effort to boost the economy.