Turkiye Vakiflar Bankasi TAO http://www.alacrastore.com/company-snapshot/Turkiye_Vakiflar_Bankasi_TAO-2539172 Thursday, January 08, 2009 5:12:20 PM 2539172 Turkiye Vakiflar Bankasi TAO en AlacraStore RSS Builder 1.0 30 http://www.alacrastore.com/storecontent/fitch/418668_report_framefitch/418668_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Turkiye Vakiflar Bankasi TAO8008992012/16/2008 10:18:42 AM01010100425Full Rating ReportVAKBN418668_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/418664_report_framefitch/418664_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Turkiye Vakiflar Bankasi TAO8008992012/16/2008 10:18:42 AM01010100165Credit UpdateVAKBN418664_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/452225_pr_framefitch/452225_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Turkiye Vakiflar Bankasi TAO8008992012/5/2008 10:21:26 AM0101010085Press ReleaseVAKBN452225_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/spcred/685547spcred/685547normThe latest Summary from S&Pglobal11/25/2008 1:04:00 PM175Summary685547TurkeyDiversified BanksEurope, Middle East, AfricaEmerging MarketsGlobal IssuersFinancial InstitutionsSummaryThe ratings on Türkiye Vakiflar Bankasi T.A.O. (VakifBank) reflect the risky banking and economic environment in the Republic of Turkey (foreign currency BB-/Negative/B; local currency BB/Negative/B); the bank's restructuring and rationalization challenges; vulnerable asset quality; and substantial, although declining, reliance on public sector deposits. These negative factors are somewhat mitigated by VakifBank's strong commercial position, adequate profitability and capitalization, and limited single-name lending concentrations. The ratings on VakifBank reflect its stand-alone credit quality and do not include any uplift for extraordinary external support. Standard&Poor's Ratings Services considers the bank to be a systemically important bank in Turkey. Nevertheless, in line with our rating approach in "supportive" countries, where the government relies mainly on prudential policies to maintain aTUR90015*40101010 401010 4010 40Turkiye Vakiflar Bankasi T.A.O.305080EUROMIDAFREMERGINGVAKBN@TISUMMARYGLOBISSFICredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/449576_pr_framefitch/449576_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.United Bulgarian Bank Inc.Dexia Kommunalkredit Bank AGBank Pekao S.A.Yapi ve Kredi Bankasi A.S.National Bank of Greece S.A.Bank HapoalimBankpozitif Kredi Ve Kalkinma Bankasi A.S.Unicredit S.p.A.The South African Bank of AthensAkbank T.A.S.Tekstil Bankasi A.S.Capital Guaranty Insurance CompanyUniCredit Bulbank ADFSA Insurance CompanyHabas Sinai ve Tibbi Gazlar Istihsal Endustrisi A.S.UniCredit BankHVB Funding Trust VIIIBayerische Hypo & Vereinsbank AGAlbaraka Turk Katilim Bankasi ASFinancial Security Assurance International LimitedFinansbank A.S.Arab Bank Australia LimitedFinancial Security Assurance, Inc.Deniz Finansal Kiralama A SDexia Financial ProductsDexia Municipal AgencyHVB Funding Trust IIUkrsotsbank JSCBSekerbank T.A.S.Dexia Credit LocalDogus Holding A.S.Financial Security Assurance (U.K.) LimitedTurkiye Garanti Bankasi A.S.Dexia CrediopGaranti Finansal Kiralama A.S.Denizbank A.S.HVB Funding TrustUniCredit Tiriac Bank SAAlternatifbank A.S.Turkiye Vakiflar Bankasi TAOZagrebacka banka d.d.Arab Banking Corporation /(Jordan)Turk Ekonomi Bankasi A.S.FSA Seguros México, S.A. de C.V.Dexia Delaware LLCGaranti Faktoring Hizmetleri A.S.Turkiye Halk BankasiT. C. Ziraat BankasiUniCredit Bank Austria AGDexia SAKuveyt Turk Katilim Bankasi A.S.Dexia Bank BelgiumBancoval S.A.Türkiye Sinai Kalkinma Bankasi A.S.Turkiye Is Bankasi A.S. (Isbank)Asya Katilim Bankasi A.S.Kuwait Finance HouseGaranti IFC B Loan Certificates (1997)UniCredit Banca per la Casa SpAArab Tunisian BankDexia Banque Internationale à LuxATF Bank JSCT-BankAnadolubank A.S.Financial Security Assurance Holdings LtdTürkiye Kalkinma Bankasi A.S.803607868043217483845466800918628035997480362239803599778043218080089956800897368036077180360205800899528008974481575271800899508047199384377470803607938008943380602592828657308036201586209304800918618036040580092146808646318036213380432177800899078130805080359640803605878036190980091865803610618036223880089831800899208197432580360136803605098036012880362424823270958008978080360173800894378511227480362018803617518124066080360754803606138009186680090537803601978036246580360108800897388036237186971364803621158035968380362141800896338064862311/19/2008 10:25:00 AM0103000001010700010103010103120201031200010000000101030001010100010316000101000085Press ReleaseALNTFUCAFTBHALKBSKBNKAKBNKTSKBFINBNETETKBNKDENIZASYABTEBNKGARANUSCBZABA-R-AISCTRABCOPOLIKFINTEKSTYKBNKATBALBRKGARFAVAKBNDEXBPEO449576_pr_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/moodys/PBC_112496moodys/PBC_112496pdf...Moody s assigns a bank financial strength rating (BFSR) of D+ to Turkiye Vakiflar Bankasi ( VakifBank ) which translates into a Baseline Credit Assessment (BCA) of Ba#. The rating derives from VakifBank s large size in its home market of Turkey controlling close to #% of Turkish banking assets, #.#% of total deposits and #.#% of total loans and from its rela tively strong financial standing. The bank has a solid franchise overall with a dom inant position in salary accounts, in general-purpose consumer loans and in debit cards, as well as in attracting business from state-related entities. The ra tings also take into account the bank s strong presence in all key growth segmen ts and its extensive nationwide reach, with particular strengths in Ankara and the other eastern regions in Turkey. ... 11/17/2008 12:12:32 PMpdfTurkiye Vakiflar Bankasi TAOTurkiye Vakiflar Bankasi TAO600019068300.0000AnalysisAnalysisPBC_112496Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/moodys/PR_165084_820786579moodys/PR_165084_820786579htmlGlobal Credit Research Announcement ## OCT #### Announcement: Bankpozitif Kredi Ve Kalkinma Bankasi A.S. Moody's reports: Turkish banking system still resilient, but facing tougher economic conditions Limassol, October ##, #### --...10/16/2008 2:46:05 AMhtmlBankpozitif Kredi Ve Kalkinma Bankasi A.S.Asya Katilim Bankasi A.S.Yapi KrediEurobank Tekfen ASHSBC Bank A.S. (Turkey)Tnrkyie Garanti Bankasi A.S.Turkiye Sinai Kalkinma Bankasi A.S.Denizbank A.S.Anadolubank ASFinansbank ASTurkiye Vakiflar Bankasi TAOTurkiye Is Bankasi ASTurk Ekonomi Bankasi ASAkbank TAST.C. Ziraat BankasiExport Credit Bank of Turkey A.S.Akbank TAS; Anadolubank AS; Asya Katilim Bankasi A.S.; ...820786579820429996814993780808184304807673593806898951600056197600056190600056185600019737600019068600019067600017622600017220427700272535150.0000NewsAnnouncementPR_165084_820786579Credit & Investment ResearchMoody's Global Credit Researchhttp://www.alacrastore.com/storecontent/spcred/668513spcred/668513normThe latest Full Report from S&Pglobal8/29/2008 1:00:48 PM400Full Report668513TurkeyDiversified BanksEmerging MarketsEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsFull ReportStrong brand name and franchise Adequate profitability and capitalization Limited single-name concentration risks High-risk banking and economic environment in Turkey Continued transformation and rationalization challenges Vulnerable asset quality Substantial, albeit declining, reliance on public sector deposits The ratings on Türkiye Vakiflar Bankasi T.A.O. (VakifBank) reflect the risky banking and economic environment in the Republic of Turkey (foreign currency BB-/Stable/B; local currency BB/Stable/B); the bank's restructuring and rationalization challenges; vulnerable asset quality; and substantial, although declining, reliance on public sector deposits. These negative factors are somewhat mitigated by VakifBank's strong commercial position, adequate profitability and capitalization, and limited single-name lending concentrations. The ratings on VakifBank reflect its stand-alone credit quality, and do not include any uplift for extraordinary external support. StandardTUR90015*40101010 401010 4010 40Turkiye Vakiflar Bankasi T.A.O.305080EMERGINGEUROMIDAFRVAKBN@TIFULLGLOBISSFICredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/668516spcred/668516normThe latest Summary from S&Pglobal8/29/2008 1:00:48 PM175Summary668516TurkeyDiversified BanksEmerging MarketsEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsSummaryThe ratings on Türkiye Vakiflar Bankasi T.A.O. (VakifBank) reflect the risky banking and economic environment in the Republic of Turkey (foreign currency BB-/Stable/B; local currency BB/Stable/B); the bank's restructuring and rationalization challenges; vulnerable asset quality; and substantial, although declining, reliance on public sector deposits. These negative factors are somewhat mitigated by VakifBank's strong commercial position, adequate profitability and capitalization, and limited single-name lending concentrations. The ratings on VakifBank reflect its stand-alone credit quality, and do not include any uplift for extraordinary external support. Standard&Poor's Ratings Services considers the bank to be a systemically important bank in Turkey. Nevertheless, in line with our rating approach in "supportive" countries, including Turkey, where the government relies on prudential policies to maintainTUR90015*40101010 401010 4010 40Turkiye Vakiflar Bankasi T.A.O.305080EMERGINGEUROMIDAFRVAKBN@TISUMMARYGLOBISSFICredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/663632spcred/663632normThe latest Summary from S&Pglobal8/6/2008 1:20:57 PM175Summary663632TurkeyDiversified BanksEmerging MarketsEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsSummaryThe ratings on Türkiye Vakiflar Bankasi T.A.O. (VakifBank) reflect the risky banking and economic environment in the Republic of Turkey (foreign currency BB-/Stable/B; local currency BB/Stable/B); the bank's restructuring and rationalization challenges; vulnerable asset quality; and substantial, although declining, reliance on public sector deposits. These negative factors are somewhat mitigated by VakifBank's strong commercial position, adequate profitability, and limited single-name lending concentrations. With total assets of new Turkish lira (TRY) 44.2 billion ($37.5 billion) and total equity of TRY5.6 billion ($4.8 billion) on Dec. 31, 2007, VakifBank is the sixth-largest bank in Turkey, closely following larger peers. The ratings on VakifBank reflect the bank's stand-alone credit quality, and do not include any uplift for extraordinary external support. Standard&Poor'sTUR90015*40101010 401010 4010 40Turkiye Vakiflar Bankasi T.A.O.305080EMERGINGEUROMIDAFRVAKBN@TISUMMARYGLOBISSFICredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/spcred/641033spcred/641033normThe latest Summary from S&P4/4/2008 10:45:28 AMSummary175global641033TurkeyDiversified BanksEmerging MarketsEurope, Middle East, AfricaGlobal IssuersFinancial InstitutionsSummaryThe ratings on Türkiye Vakiflar Bankasi T.A.O. (VakifBank) reflect the risky banking and economic environment in the Republic of Turkey (foreign currency BB-/Negative/B; local currency BB/Negative/B); the bank's restructuring and rationalization challenges; vulnerable asset quality; and substantial, although declining, reliance on public sector deposits. These negative factors are somewhat mitigated by the bank's strong commercial position, adequate profitability, and limited single-name lending concentrations. The ratings on VakifBank reflect the bank's stand-alone credit quality, and do not include any uplift for extraordinary external support. Standard&Poor's Ratings Services considers VakifBank to be a systemically important bank in Turkey. Nevertheless, in line with our rating approach in "supportive" countries, including Turkey, where the government relies on prudent policies to maintain aTUR90015*40101010 401010 4010 40Turkiye Vakiflar Bankasi T.A.O.305080EMERGINGEUROMIDAFRVAKBN@TISUMMARYGLOBISSFICredit & Investment ResearchS&P Credit Researchhttp://www.alacrastore.com/storecontent/fitch/374144_report_framefitch/374144_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Turkiye Vakiflar Bankasi TAO800899202/27/2008 10:15:00 AM01010100165Credit UpdateVAKBN374144_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/374146_report_framefitch/374146_report_framepdfFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Turkiye Vakiflar Bankasi TAO800899202/27/2008 10:15:00 AM01010100425Full Rating ReportVAKBN374146_report_frameCredit & Investment ResearchFitch Researchhttp://www.alacrastore.com/storecontent/fitch/406973_pr_framefitch/406973_pr_framehtmlFitch Ratings is a leading global rating agency committed to providing the world's credit markets with independent, timely and prospective credit opinions. Built on a foundation of organic growth and strategic acquisitions, Fitch Ratings has grown rapidly during the past decade gaining market presence throughout the world and across all fixed income markets.Turkiye Vakiflar Bankasi TAO800899202/25/2008 10:11:00 AM0101010085Press ReleaseVAKBN406973_pr_frameCredit & Investment ResearchFitch Research