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On February 19, 2021, international rating agency Fitch Ratings upgraded Turkey's long term IDR outlook to Stable from Negative. Accordingly, on February 26, 2021, Fitch Ratings also revised VakıfBank's long term local currency IDR outlook to Stable from Negative, while affirming all other ratings. The current ratings of VakıfBank are attached.
According to CMB legislation, in case of a contradiction between the Turkish and English versions of this public disclosure, the Turkish version shall prevail.
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We proclaim that our above disclosure is in conformity with the principles set down in “Material Events Communiqué” of Capital Markets Board, and it fully reflects all information coming to our knowledge on the subject matter thereof, and it is in conformity with our books, records and documents, and all reasonable efforts have been shown by our Company in order to obtain all information fully and accurately about the subject matter thereof, and we’re personally liable for the disclosures.