Türkiye Vakiflar Bankasi Türk Anonim Ortakligi Management

Management criteria checks 2/4

We currently do not have sufficient information about the CEO.

Key information

Abdi Ustunsalih

Chief executive officer

n/a

Total compensation

CEO salary percentage	n/a
CEO tenure	5.5yrs
CEO ownership	n/a
Management average tenure	6.4yrs
Board average tenure	5.5yrs

Recent management updates

Recent updates

CEO

Abdi Ustunsalih (61 yo)

5.5yrs

Tenure

Mr. Abdi Serdar Ustunsalih has been Chief Executive Officer, General Manager and Executive Director of Türkiye Vakiflar Bankasi Türk Anonim Ortakligi since May 27, 2019. Mr. Ustunsalih began his career at...

Leadership Team

Name	Position	Tenure	Compensation	Ownership
Abdi Ustunsalih	CEO, GM & Executive Director	5.5yrs	no data	no data
Korhan Turgut	Head of Accounting & Financial Affairs	no data	no data	no data
Ali Tahan	Senior VP and Head of International Banking & Investor Relations	no data	no data	no data
Ramazan Siryol	Head of Compliance and Regulation Department	no data	no data	no data
Mikail Hidir	Executive Vice President of Legal Affairs & Credit Risk Liquidation	7.3yrs	no data	no data
Ferkan Merdan	Executive Vice President of Digital Banking	5.5yrs	no data	no data
Muhammet Celebi	Executive Vice President of Human Resources and Organizational Development	no data	no data	no data
Metin Zafer	Executive Vice President of IT Technologies and Operations	18.4yrs	no data	no data
Alaattin Simsek	Executive Vice President of Corporate	3.8yrs	no data	no data
Suayyip Ilbilgi	Executive Vice President of Financial Management	7.3yrs	no data	no data
Mustafa Turan	Executive Vice President of Retail Banking	2.8yrs	no data	no data
Mustafa Emre	Head of the Audit Board	7.3yrs	no data	no data

6.4yrs

Average Tenure

52yo

Average Age

Experienced Management: VAKBN's management team is seasoned and experienced (6.4 years average tenure).

Board Members

Name	Position	Tenure	Compensation	Ownership
Abdi Ustunsalih	CEO, GM & Executive Director	5.5yrs	no data	no data
Sahin Ugur	Director	7.4yrs	no data	no data
Adnan Ertem	Director	14.1yrs	no data	no data
Mustafa Saydam	Chairman of the Board	3.7yrs	no data	no data
Hasan Ture	Member of Statutory Auditor Board	7.4yrs	no data	no data
Cemil Ertem	Vice Chairman of the Board	6.3yrs	no data	no data
Abdülkadir Aksu	Independent Director	5.5yrs	no data	no data
Sadik Yakut	Director	5.5yrs	no data	no data
Abdullah Cantimur	Independent Director	1.3yrs	no data	no data
Mehmet Baysa	Member of the Audit Board	4.4yrs	no data	no data
Haydar Kurt	Independent Director	2.7yrs	no data	no data
Halil Celik	Independent Director	no data	no data	no data

5.5yrs

Average Tenure

61yo

Average Age

Experienced Board: VAKBN's board of directors are considered experienced (5.5 years average tenure).

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi Management

Management criteria checks 2/4

Key information

Recent management updates

Less than half of directors are independent

Less than half of directors are independent

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, Annual General Meeting, Mar 25, 2022

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, Annual General Meeting, Mar 26, 2021

Recent updates

Investor sentiment improves as stock rises 17%

Third quarter 2024 earnings released: EPS: ₺1.07 (vs ₺1.06 in 3Q 2023)

Consensus EPS estimates fall by 29%

Second quarter 2024 earnings released

Consensus EPS estimates increase by 15%

Investor sentiment deteriorates as stock falls 17%

Price target increased by 8.4% to ₺21.20

First quarter 2024 earnings released: EPS: ₺1.34 (vs ₺0.65 in 1Q 2023)

Investor sentiment improves as stock rises 18%

Investor sentiment improves as stock rises 16%

Price target increased by 7.3% to ₺18.04

Now 21% undervalued

Full year 2023 earnings released: EPS: ₺0.035 (vs ₺4.01 in FY 2022)

Investor sentiment improves as stock rises 16%

Consensus EPS estimates fall by 13%

Third quarter 2023 earnings: Revenues exceed analysts expectations while EPS lags behind

Price target increased by 7.3% to ₺12.90

Price target increased by 10% to ₺12.64

Consensus EPS estimates increase by 13%

New minor risk - Profit margin trend

Second quarter 2023 earnings released

Price target increased by 8.8% to ₺11.08

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi to Report Q2, 2023 Results on Aug 09, 2023

Consensus revenue estimates increase by 53%

Investor sentiment improves as stock rises 18%

First quarter 2023 earnings: EPS and revenues exceed analyst expectations

Investor sentiment improves as stock rises 16%

Now 21% undervalued after recent price drop

Investor sentiment deteriorates as stock falls 15%

Price target increased by 9.5% to ₺10.06

Full year 2022 earnings released

Investor sentiment improves as stock rises 18%

Investor sentiment deteriorates as stock falls 16%

Now 22% undervalued

Now 22% undervalued

Investor sentiment improved over the past week

Consensus forecasts updated

Less than half of directors are independent

Third quarter 2022 earnings: Revenues exceed analyst expectations

Consensus EPS estimates increase by 61%

Price target increased to ₺5.95

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi to Report Q3, 2022 Results on Nov 07, 2022

Investor sentiment improved over the past week

Price target increased to ₺5.45

Investor sentiment deteriorated over the past week

Now 28% undervalued

Investor sentiment improved over the past week

Consensus forecasts updated

Consensus forecasts updated

Price target increased to ₺5.00

Second quarter 2022 earnings: Revenues exceed analyst expectations

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi (IBSE:VAKBN) acquired a 16.41% stake in Vakif Menkul Kiymet Yatirim Ortakligi A.S. (IBSE:VKFYO) for TRY 25.9 million.

Now 20% undervalued after recent price drop

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi to Report First Half, 2022 Results on Aug 08, 2022

Consensus forecasts updated

Consensus forecasts updated

Consensus revenue estimates increase by 10%

First quarter 2022 earnings: Revenues exceed analysts expectations while EPS lags behind

Less than half of directors are independent

Investor sentiment improved over the past week

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, Annual General Meeting, Mar 25, 2022

Full year 2021 earnings: EPS and revenues miss analyst expectations

Consensus EPS estimates increase by 12%

Third quarter 2021 earnings released

Second quarter 2021 earnings released: EPS ₺0.20 (vs ₺0.71 in 2Q 2020)

Price target decreased to ₺5.10

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, Annual General Meeting, Mar 26, 2021

New 90-day low: ₺4.23

Full year 2020 earnings released: EPS ₺1.90 (vs ₺1.35 in FY 2019)

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi to Report Fiscal Year 2020 Results on Feb 09, 2021

New 90-day high: ₺4.90