Related Companies
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[]
|
|||||||||||||
Related Funds
|
[]
|
|||||||||||||
Company Compliance Status
|
Explanation
|
|||||||||||||
Yes
|
Partial
|
No
|
Exempted
|
Not Applicable
|
||||||||||
oda_CorporateComplianceReportAbstract|
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oda_FacilitatingTheExerciseOfShareholdersRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheInvestorRelationsDepartmentEnsuresThatInformationAffectingTheExercisingOfShareholdersRightsIsAvailableAndUpToDateOnTheCorporateWebsite|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_RightToObtainInformationAndToExamineAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_ManagementDidNotEnterIntoAnyTransactionThatWouldComplicateTheConductOfSpecialAudit|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_GeneralAssemblyAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheCompanyEnsuresTheClarityOfTheGeneralAssemblyAgendaAndThatAnItemOnTheAgendaDoesNotCoverMultipleTopics|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_InsidersWithPriviledgedInformationHaveInformedTheBoardOfDirectorsAboutTransactionsConductedOnTheirBehalfWithinTheScopeOfTheCorporationsActivitiesAndRequestedToHaveThemAddedToTheAgendaOfTheGeneralShareholderMeeting|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_TheBoardOfDirectorsIAuditorsIAndPersonsConcernedWithSignificantAgendaItemsAndThePreparationOfFinancialStatementsIWerePresentAtTheGeneralAssemblyMeeting|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_TheGeneralAssemblyAgendaIncludesASeparateItemDetailingTheAmountsAndBeneficiariesOfAllDonationsAndContributions|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_TheGeneralAssemblyMeetingWasOpenToStakeholdersIncludingTheMedia|http://www.xbrl.org/2003/role/verboseLabel
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X
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The General Assembly meetings are open to all stakeholders, however there was no media participation to the 64th Ordinary General Assembly meeting.
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oda_VotingRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_ThereIsNoRestrictionPreventingShareholdersFromExercisingTheirShareholderRights|http://www.xbrl.org/2003/role/verboseLabel
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X
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This is regulated on the 17th Article of VakıfBank Articles of Incorporation.
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oda_TheCompanyDoesNotHaveSharesThatCarryPriviledgedVotingRights|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_TheCompanyWithholdsFromExercisingItsVotingRightsAtTheAGMOfAnyCompanyWithWhichItHasCrossOwnershipInCaseSuchCrossOwnershipProvidesManagementControl|http://www.xbrl.org/2003/role/verboseLabel
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X
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There is no partnership with which the Bank has mutual participation relationship so that voting is non-available regarding to this subject.
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oda_MinorityRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheCompanyPaysMaximumDiligenceToExerciseOfMinorityRights|http://www.xbrl.org/2003/role/verboseLabel
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X
|
There is no minority rights in the Bank.
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|||||||
oda_TheArticlesOfAssociationExtendsTheUseOfMinorityRightsToThoseWhoOwnLessThanOneTwenthiethOfTheOutstandingSharesAndExpandsTheScopeOfTheMinorityRights|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_DividendRightAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheDividendPolicyApprovedByTheGSMIsPostedOnTheWebsite|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_TheDividendDistributionPolicyComprisesTheMinimumInformationToEnsureThatTheShareholdersCanHaveAnOpinionOnTheProcedureAndPrinciplesOfDividendDistributionsInTheFuture|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_TheReasonsForRetainingEarningsAndTheirAllocationsAreStatedInTheRelevantAgendaItem|http://www.xbrl.org/2003/role/verboseLabel
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X
|
Dividend payment was made.
|
|||||||
oda_TheBoardReviewedWhetherTheDividendPolicyBalancesTheBenefitsOfTheShareholdersAndThoseOfTheCcompany|http://www.xbrl.org/2003/role/verboseLabel
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X
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In profit distribution, a balanced policy is pursued between the benefits of the shareholders and the Bank. https://www.vakifbank.com.tr/profit-distribution-policy.aspx?pageID=1064
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oda_TransferOfSharesAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_ThereAreNoRestrictionsPreventingSharesFromBeingTransferred|http://www.xbrl.org/2003/role/verboseLabel
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X
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The Council of Ministers is entitled to sell and to determine the procedures and principles of the sale of Class (A) shares of the Bank and the Class (B) shares held by the attendant foundations under the General Directorate of Foundations. The Bank’s Articles of Incorporation does not include any provisions to restrict the transfer of Class (B) shares held by other attendant foundations and of Class (C) and (D) shares. However, pursuant to the 6th Article of the Bank’s Articles of Incorporation, the Bank’s Board of Directors is authorized to convert Class (B) shares held by attendant foundations (subject to permission by the General Directorate of Foundations) and Class (C) shares held by real or legal bodies into Class (D) shares at the request of the Shareholders.
|
|||||||
oda_CorporateWebsiteAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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oda_TheWebsiteIncludesAllElementsListedIn211|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_TheShareholdingStructureIsUpdatedOnTheWebsiteAtLeastEverySixMonths|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_AllContentOfTheWebsiteIsAlsoAvailableInLanguagesOtherThanTurkish|http://www.xbrl.org/2003/role/verboseLabel
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X
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Investor Relations part is the same in English and Turkish versions. Other pages on the Bank’s corporate website can be different upon to the content.
|
|||||||
oda_AnnualReportAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|||||||||||||
oda_TheBoardOfDirectorsEnsuresThatTheAnnualReportRepresentsATrueAndCompleteViewOfTheCompanysActivities|http://www.xbrl.org/2003/role/verboseLabel
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X
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oda_TheAnnualReportIncludesAllTheElementsListedIn222|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
As there is no case against the Bank which may have an impact on the Bank’s financial status or activities, the annual report does not include such an important case and its possible outcomes.
|
|||||||
oda_CorporationsPolicyOnStakeholdersAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|||||||||||||
oda_TheCompanyHasAdoptedPoliciesEnsuringStakeholderRightsAreRespected|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_PoliciesOrProceduresAdressingStakeholdersRightsArePublishedOnTheCompanysWebsite|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_AWhistleblowingProgramIsInPlaceForReportingLegalAndEthicalIssues|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
In order to speed up stakeholders’ access to information, and to facilitate Corporate Governance Committee’s access to the Bank’s transactions that are contrary to legislation and that are ethically not appropriate, mail addresses are available as presented below and on the corporate website in the Investor Relations section for the information of the stakeholders. surdurulebilirlik@vakifbank.com.tr sustainability@vakifbank.com.tr yatırımciiliskileri@vakifbank.com.tr investorrelations@vakifbank.com.tr
|
|||||||
oda_TheCompanyAddressesConflictsOfInterestAmongStakeholdersInABalancedMannerItsBoardMembersOrExecutivesItsBoardMembersOrExecutives|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_SupportingTheParticipationOfTheStakeholdersInTheCorporationsManagementAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|
|||||||||||||
oda_TheArticlesOfAssociationOrTheInternalRegulationsFrameTheParticipationOfEmployeesInManagement|http://www.xbrl.org/2003/role/verboseLabel
|
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X
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|
There is no agreement or regulation relating to the participation of employees to the management. However, the Bank pays utmost attention that its employees play an effective role at the development stage of new products and services. With an e-mail address created in the Bank, employees are given the opportunity to state their opinions within the scope of the new product development. The presented opinions, after being evaluated by the departments of the Head Office, can be brought to the project stage.
|
|||||||
oda_AStakeholderSurveyConsultationIsConductedOnSignificantDecisionsAffectingThem|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
If necessary, the Bank also provides information to the stakeholders who are not Bank employees, about the issues that concern them via e-mail, phone and other communication channels. However, it is applied to opinions of stakeholders of the Bank, via questionnaires or various interaction mechanisms in order to determine the material issues which compose the framework of sustainability report.
|
|||||||
oda_HRPolicyAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|||||||||||||
oda_TheCompanyHasAdoptedAnEmploymentPolicyEnsuringEqualOpportunitiesAndASuccessionPlanForAllKeyManagerialPositions|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_RecruitmentCriteriaAreDocumented|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_TheCompanyHasAPolicyOnHRDevelopmentAndOrganizesTrainingsForEmployees|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_MeetingsHaveBeenOrganisedToInformEmployeesOnTheFinancialStatusOfTheCompanyRemunerationCareerPlanningEducationAndHealth|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_EmployeesIOrTheirRepresentativesAreNotifiedOfDecisionsmpactingThemTheirOpinionIsAlsoSought|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
Relations between the Bank and its employees are maintained by the directors and representatives of the Bank Finance and Insurance Employees Union (BASS). The union representatives forward the requests and complaints of the employees of the Bank about working conditions, personal rights, duties and responsibilities to the Bank and monitor the process. Furthermore, there are union representatives, elected among the staff working in the Bank’s Branches/Departments, who should monitor whether the Collective Bargaining Agreement and the laws in force about the union members are practiced in line with their purposes and who should verbally or in writing inform the director of that workplace about the insufficiency and discrepancy they detected on these issues.
|
|||||||
oda_JobDescriptionsAndPerformanceCriteriaAreElaboratedForAllEmployeesAndUsedToDetermineEmployeeRemuneration|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_MeasuresProceduresTrainingsRaisingAwarenessGoalsMonitoringComplaintMechanismsHaveBeenTakenToPreventDiscriminationAndToProtectEmployeesAgainstAnyPhysicalSpiritualAndEmotionalMistreatment|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_TheCorporationEnsuresFreedomOfAssociationAndSupportsTheRightForCollectiveBargaining|http://www.xbrl.org/2003/role/verboseLabel
|
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X
|
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|
Employees of the Bank are members of the BASS union and benefit from the rights which described in the Collective Bargaining Agreement. Employees are allowed to be a member of associations providing the conformity of Head Office pursuant to the provision which is specified in the Bank Personnel Directive “…the right of being tasked of the Bank’s employees via appointment or election in cooperatives, foundations, professional and social unions as well as social security or charity funds which are founded by the Bank and/or Bank’s employees are reserved. Employees might be allowed by the Head Office to get an active role in private or public entities.”
|
|||||||
oda_ASafeWorkingEnvironmentForEmployeesIsMaintained|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
Human Rights and Employee Rights Policy, Occupational Health and Safety Policy https://www.vakifbank.com.tr/human-rights-and-employee-rights-policy.aspx?pageID=1067 https://www.vakifbank.com.tr/occupational-health-and-safety-policy.aspx?pageID=1070
|
|||||||
oda_RelationsWithCustomersAndSuppliersAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|||||||||||||
oda_TheCorporationAssessItsCustomerSatifactionAndOperatesToEnsureFullCustomerSatisfaction|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
The Bank established the department called Consumer Relations Coordination Unit to ensure customer satisfaction. All suggestions, complaints or positive feedback about the Bank’s products and services are communicated to the relevant department via the corporate web, call center, branches and social media channels. Additionally, customers can perform all banking transactions through a direct call to VakıfBank 7/24 branch at 0850 222 0 724. In 2018, the satisfaction scores of customers in both sector and the Bank were measured and the development and improvement areas are determined by analysing the results based on the channel and product.
|
|||||||
oda_CustomersAreNotifiedOfAnyDelaysInHandlingTheirRequests|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
If necessary, the Bank also provides information to the stakeholders who are not Bank employees, about the issues that concern them via e-mail, phone and other communication channels.
|
|||||||
oda_TheCompanyAdheresToGoodsAndServicesQualityStandardsOrNormsAndEnsuresThatItCompliesWithThemToPreserveTheirStandards|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
|
To constantly improve the customer satisfaction and the quality of banking service, all the activities of the Bank are certified with the most updated version 9001-2015 Quality Management Standard in 2017.
|
|||||||
oda_TheCorporationHasAdequateControlsProtectingTheConfidentialityOfTheCommercialSecretOfTheCustomersAndSuppliers|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_EthicalRulesAndSocialResponsibilityAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|
|||||||||||||
oda_TheBoardOfTheCorporationHasAdoptedACodeOfEthicsDisclosedOnTheCorporateWebsite|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_TheCompanyHasAdoptedMeasuresToPreventCorruptionAndBribery|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
|||||||
oda_FunctionOfTheBoardOfDirectorsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|
|||||||||||||
oda_TheBoardOfDirectorsEnsuresStrategyAndRisksAreNotThreateningTheLongTermBenefitsOfTheCorporationAndThatEffectiveRiskManagementIsInPlace|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
|||||||
oda_TheAgendaAndMinutesOfBoardMeetingsIndicateThatTheBoardOfDirectorsDiscussesAndApprovesStrategyEnsuresAdequateRessourcesAreAllocatedAndMonitorsCorporateAndManagementPerformance|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_PrinciplesOfActivityOfTheBoardOfDirectorsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|||||||||||||
oda_TheBoardOfDirectorsDocumentsItsMeetingsAndReportsItsActivitiesToTheShareholders|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_DutiesAndAuthoritiesOfTheMembersOfTheBoardOfDirectorsAreDisclosedInTheAnnualReport|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
|||||||
oda_TheBoardEnsuresTheCorporationHasAnInternalControlFrameworkAdequateForItsActivitiesSizeAndComplexity|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
|||||||
oda_InformationOnTheFunctioningAndEffectivenessOfTheInternalControlSystemIsProvidedInTheAnnualReport|http://www.xbrl.org/2003/role/verboseLabel
|
|
|
X
|
|
|
|
The effectiveness of internal control system is not included in the 2017 Annual Report of the Bank while the information regarding the functioning of this system exists. This information about effectiveness are set to be included in the upcoming period.
|
|||||||
oda_TheFunctionsOfTheChairmanAndChiefExecutiveAreSeparatedAndDefined|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
|||||||
oda_TheBoardOfDirectorsEnsuresThatTheInvestorRelationsDepartmentAndTheCorporateGovernanceCommitteeWorkEffectivelyAndItLiaiseWithThemWhenCommunicatingAndSettlingDisputesWithShareholders|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
|||||||
oda_TheCompanyHasSuscribedToADOInsuranceCoveringAnAmountGreaterThanTwentyFivePercentOfTheCapital|http://www.xbrl.org/2003/role/verboseLabel
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X
|
|
|
|
Losses incurred by the members of the Board of Directors as a result of their faults during their term of office, are covered under insurance. Employer’s Liability Insurance 2018 policy’s total value is USD 75,000,000 for each damage within the term of the policy.
|
|||||||
oda_StructureOfTheBoardOfDirectorsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
|
|
|||||||||||||
oda_TheBoardOfDirectorsHasApprovedThePolicyOnItsOwnCompositionISettingAMinimalTargetOfTwnetyFivePercentForFemaleDirectorsTheBoardAnnuallyEvaluatesItsCompositionAndNominatesDirectorsSoAsToBeCompliantWithThePolicy|http://www.xbrl.org/2003/role/verboseLabel
|
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|
X
|
|
|
There is no policy for this. However, among the Board members, there is one woman member.
|
|||||||
oda_AtLeastOneMemberOfTheAuditCommitteeHas5YearsOfExperienceInAuditAccountingAndFinance|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
|||||||
oda_ProcedureOfBoardOfDirectorsMeetingsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
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|
|||||||||||||
oda_EachBoardMemberAttendsInPersonTheMajorityOfTheBoardMeetings|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
|||||||
oda_TheBoardHasFormallyApprovedAMinimumTimeByWhichInformationAndDocumentsRelevantToTheAgendaItemsShouldBeSuppliedToAllBoardMembers|http://www.xbrl.org/2003/role/verboseLabel
|
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X
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|||||||
oda_BoardMembersSubmitTheirOpinionInWritingIfUnableToAttendTheBoardMeeting|http://www.xbrl.org/2003/role/verboseLabel
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X
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|||||||
oda_EachMemberOfTheBoardHasOneVote|http://www.xbrl.org/2003/role/verboseLabel
|
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X
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|
|||||||
oda_TheBoardOfDirectorsHasACharterTermsOfReferenceDefiningItsWorkingProcedures|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
|||||||
oda_BoardMinutesDocumentThatAllItemsOnTheAgendaAreDiscussedAndBoardResolutionsIncludeDirectorsDissentingOpinionsIfAny|http://www.xbrl.org/2003/role/verboseLabel
|
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X
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|
|||||||
oda_ThereAreLimitsToExternalCommitmentsOfBoardMembersIAndShareholdersAreInformedOfBoardMembersExternalCommitmentsAtTheGSM|http://www.xbrl.org/2003/role/verboseLabel
|
|
X
|
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|
|
The Board members of the Bank are allowed to carry out operations within the framework of the Article 395 of Turkish Commercial Code and this matter is submitted to the information and approval of General Assembly on a separate agenda topic.
|
|||||||
oda_BoardCommitteesAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
|
|
|||||||||||||
oda_BoardMembersServeInOnlyOneOfTheBoardsCommittees|http://www.xbrl.org/2003/role/verboseLabel
|
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|
X
|
|
|
Board Members assume duties in more than one committee since the number of the members of the committees of the Board of Directors is greater than the number of the members of the Board of Directors as stipulated in the principles of the Capital Markets Board Corporate Governance Principles and Banking Regulation and Supervision Agency. Committees are composed of at least 2 members.
|
|||||||
oda_CommitteesMayInvitePersonsToTheMeetingsAsDeemedNecessaryToObtainTheirViews|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
|||||||
oda_IfExternalConsultancyServicesAreUsedTheIndependenceOfTheProviderIsStatedInTheAnnualReport|http://www.xbrl.org/2003/role/verboseLabel
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X
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|
|||||||
oda_MinutesOfAllCommitteeMeetingsAreKeptAndReportedToBoardMembers|http://www.xbrl.org/2003/role/verboseLabel
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|
X
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|
|||||||
oda_FinancialRightsAbstract|http://www.mkk.com.tr/2015/role/CapsLockLabel
|
|
|||||||||||||
oda_TheBoardOfDirectorsSelfAssessedItsWorkToEnsureItDischargesEffectivelyAllItsResponsibilities|http://www.xbrl.org/2003/role/verboseLabel
|
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|
X
|
|
|
The performance of the Board of Directors is not evaluated, however performance evaluation is planned in the medium term.
|
|||||||
oda_TheCompanyDoesNotLoanMoneyIMakeCreditAvailableIEnlargeTheTermOfTheMoneyLoanedOrCreditImproveConditionsMakeCreditAvailableViaAThirdPartyAsAPersonalCreditOrGrantSecuritiesSuchAsSuretyToAnyOfItsBoardMembersOrExecutives|http://www.xbrl.org/2003/role/verboseLabel
|
|
X
|
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|
|
The allocation of loans to Members of the Board of Directors are restricted by the 50th Article of the Banking Law. On this scope, the Bank has not lend any money or loan to any Board member. It also has not improved the terms for loans or credits, and neither extended loans by means of third persons and nor gave any collaterals for members of the Board of Directors.
|
|||||||
oda_TheIndividualRemunerationOfBoardMembersAndExecutivesIsDisclosedInTheAnnualReportnewItem|http://www.xbrl.org/2003/role/verboseLabel
|
|
|
|
X
|
|
|
The remuneration information does not published on an individual basis. Nevertheless, it is included collectively under the section “Board of Directors Remuneration” on the page 123 of 2017 Annual Report. https://www.vakifbank.com.tr/documents/finansal/Annual_Report_2017.pdf
|