VAKIFBANK - Meeting takeaways
As a preliminary guidance for 2019, Vakifbank expects to perform better than the average of peers and could deliver above-inflation ROE if the asset quality does not deteriorate much. The bank expects to keep its strong performance in fees in 2019, as well, and guides for a fee growth above loan growth.
Turkiye Vakiflar Bankasi (Vakifbank) is a banking and financial services company based in Turkey. Co. offers products and services that cover corporate, commercial, investment and small-scale enterprise banking as well as the retail and private banking sectors. Co. also provides financial leasing, portfolio management, real estate, insurance and factoring services through its financial participations. Co.'s deposit products include time and demand deposits, as well as loans comprise spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, gold loans, foreign currency loans, eximbank loans, and pre-export loans.
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