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Vakıf Katılım increased its capital by 3 billion 915 million TL

20 Şubat 2022

Vakıf Katılım increased its paid-in capital from 5.720.000.000 TL to 9.635.000.000 TL. Öztürk Oran, the Chairman of the Board of Directors of Vakıf Katılım, said that “Our institution continues to grow steadily since its foundation. We are glad to increase our paid-in capital despite the challenging conditions caused by global pandemic”.

With its resolution dated 11 February 2022, the Board of Directors of Vakıf Katılım approved the increase of the paid-in capital of the Bank by 3.915.000.000 TL from 5.720.000.000 TL to 9.635.000.000 TL. It was resolved that the capital increase of 3.915.000.000 TL will be met by the shareholders in proportion to their shares.

In its Notification to Public Disclosure Platform (KAP), Vakıf Katılım stated that: “Our Bank's Board of Directors' resolution, dated 11/02/2022 for increasing the paid-in capital of our Bank which was 5.720.000.000-TL by 3.915.000.000-TL and to determine the paid-in capital of our Bank as 9.635.000.000-TL within the scope of our Bank’s registered capital ceiling of 16.100.000.000-TL, was registered by Istanbul Trade Registry Directorate on 18/02/2022.

“We proceed on our way with firm steps”

Öztürk Oran, the Chairman of the Board of Directors of Vakıf Katılım, said that “Our institution continues to grow steadily since its foundation. We are glad to increase our paid-in capital despite the challenging conditions caused by global pandemic”.

Mr. Oran further stated that: “We left a successful year behind thanks to our sensitive, inclusive and innovative approach towards the needs and requirements of our customers from the first day of coronavirus pandemic which adversely affected the entire world. During the year 2021 which we considered as a normalization period, we have provided outstanding service to our customers thanks to our innovative applications without compromising our principles. We have carried out works and studies with high added value with the philosophy to perform activities not only to expand our Institution but also to grow our sector. We used all our sources available for the economic advancement and social development of our country. Now, we proceed on our way with firmer steps. We have participated and will continue to participate in all funding programs initiated by our Government with the objective to grow our national growth and to support our SMEs. Despite challenging pandemic conditions, we have increased our assets by 75% in 2020 and by 100% in 2021 and achieved a growth rate above the general banking sector. In year 2022, we will continue to stand by all the sectors which will support our SMEs and our country’s national growth thanks to our strong capital structure.”


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