About Us Management

VakifBank is managed by its Board of Directors and its General Manager. The articles of association of VakifBank provide for the Board of Directors to have nine members appointed for a term of three years. Pursuant to recent changes made by Law No. 5387, the breakdown of the Board of Directors of VakifBank is determined according to its articles of association, except that one member of the Board (who is also the General Manager of VakifBank) is appointed by the Prime Minister to represent the GDF.

Pursuant to VakifBank’s articles of association, the Class A shareholders, Class B shareholders and Class C shareholders are entitled, respectively, to five, one and three representatives in the Board of Directors. Class D shareholders do not have direct board representation. In addition to the Board member appointed by the Prime Minister, three representatives of the Class A shareholders are currently nominated by GDF as the only Class A shareholder. The remaining representative of the Class A shareholders in the Board of Directors is an independent member elected by the General Assembly.

As the majority Class B shareholder, GDF further currently may appoint the representative of the Class B shareholders in the Board of Directors. The decision regarding the Board members to be appointed by GDF is taken at a meeting of the Board of Directors of GDF, which is in turn comprised of members appointed by the government. Two of the three representatives of the Class C shareholders in the Board of Directors are nominated by the majority of the Class C shareholders, currently VakifBank Pension Fund, while the other representative is an independent member elected by the General Assembly. The independent director shall be elected by the General Assembly from amongst the candidates nominated by the shareholders, however in nominating this candidate, choices of Class D Shareholders shall be given priority. Current board members were appointed by the general assembly dated March 31, 2006 and will remain as such until March 31, 2009, unless they are removed earlier by such general assembly. The following table sets out the current members of the Board of Directors, the date of their initial appointment to the Board and expiration date of their current term:

Yusuf Beyazit - Chairman

Yusuf Beyazit, Chairman. Mr. Beyazıt, 44, graduated from University of Ankara, Faculty of Law. He holds an M.Sc. in Public Administration from the Turkish Institute of the Middle East Public Management. His recent posts were counselor for the Prime Minister of Turkey and General Manager of the GDF. He was appointed to the Board in March 2003 and became the Chairman of the Board in April 2004.

Bilal Karaman - Board Member

Bilal Karaman, General Manager. Mr. Karaman, 48, graduated from Marmara University, Faculty of Management. He has worked for VakifBank in various departments and positions since 1977. Mr. Karaman was appointed to the Board in April 2004. Prior to his appointment to the Board, he was the Director of the Regional Directorate of Halkbank in Istanbul. He was appointed as the General Manager of VakifBank in June 2005.

Serdar Tunçbilek - Board Member

Serdar Tunçbilek. Mr. Tunçbilek has been a member of the Board of Directors in the Bank since 24.07.2007.Previously, he worked at different positions in Emlak Bankası, Egebank and served as Group Coordinator at Savings Deposit Insurance Fund (SDIF).Serdar TUNÇBİLEK is a graduate of the Faculty of Political Science at Ankara University and is the member of Bank's Audit Committee.

Mehmet Çekinmez - Board Member

Mehmet Çekinmez. Serving as the Member of the Board of Directors since 24.07.2007, Mehmet ÇEKİNMEZ worked at different positions in the public sector.Then he served as Vice Chairman of Capital Markets Board and Chairman of the Board Of Directors at Yapı Kredi Bank.Mehmet ÇEKİNMEZ is a graduate of Faculty of Political Science at Ankara University and he is the deputy member of the Bank's Credit Committee.

Hasan Özer - Board Member

Hasan Özer. Mr. Özer, 52, graduated from A.I.T.I.A., Faculty of Economics, Banking and Insurance. He joined VakifBank in 1984 as an associate on the Board of Auditors and has worked in various departments and positions. He has worked as the General Manager and Chairman of Vakif Gayrimenkul Yatırım Ortaklığı A.S., Vakif Real Estate Investment Trust Company I.C. and he was appointed to the Board in February 2003.

Sabahattin Birdal - Board Member

Sabahattin Birdal. Mr. Birdal graduated from Istanbul University, Faculty of Economics.Having served as a branch manager at VakifBank, he worked in various positions at other financial institutions.He was appointed as Member of Board of Directors on March 21, 2008.

Cem Demirag - Board Member

Cem Demirag. Mr. Demirağ, 38, graduated from Middle East Technical University, Faculty of Public Administration. He started his career in Garanti in 1991. He has worked for Denizbank and Halkbank as an Assistant General Manager. His most recent position was Head Advisor of the BRSA. He was appointed to the Board in April 2005.

Ragip Dogu - Board Member

Ragip Dogu. Mr. Doğu, 55, graduated from Ankara Academy of Economics and Commercial Sciences, Faculty of Foreign Trade. He has held a variety of positions since 1980 in Pamukbank T.A.Ş. (“Pamukbank”) and Oyakbank. His most recent position was Advisor to the General Manager at Hızıroğlu Holding A.Ş. He was appointed to the Board in April 2005.

Erkan Topal - Board Member

Erkan Topal. Mr. Topal, 44, graduated from Erciyas University, Faculty of Management and earned a Master degree at Rensselaer Polytechnic Institute Troy, NY, USA and Ph.D at Rensselaer Polytechnic Institute Troy, NY, USA. He started his career in Erciyas University in 1984 and has worked in various companies and positions, like Komeks AS-as Assistant of General Coordinator, Prudent Investment (Luxemburg) – as General Manager, Gürsoy Group – as Project Coordinator. He was appointed to the Board in 2006.

Execuite Vice President

In June 2005, Mr. Bilal Karaman was appointed as VakifBank’s General Manager. The Assistant General Managers and their areas of responsibility are as follows:

Tanju Yüksel - International Banking and Investor Relations

Tanju Yüksel. Mr. Yüksel, 48, graduated from Middle East Technical University, School of Business Administration. He joined VakifBank in 2000. Prior to joining VakifBank, he worked for Citibank for 16 years in various positions, including seven years as a senior relationship manager responsible for financial institutions in Turkey. Mr. Yüksel has been an Assistant General Manager of VakifBank since May 2000 and is responsible for International Banking & Investor Relations.

Aydin Deliktasli - Corporate Banking, Human Resources and Support Services

Aydin Deliktasli. Mr. Deliktaşlı, 50 graduated from Hacettepe University Faculty of Social and Administrative Sciences, Department of French Language and Linguistics. He joined VakifBank in 1978 and has served in various positions. He is responsible for Human Resources and Support Services. In August 2004, he was appointed as Assistant General Manager of VakifBank.

Sahin Ugur - Subsidiaries and Investment Banking

Sahin Ugur. Mr. Uğur, 49, graduated from Erzurum Ataturk University, Faculty of Economics and Administrative Sciences. He joined VakifBank in 1984 as an officer and has served in various positions. In August 2004, he was appointed as Assistant General Manager of VakifBank. He is currently responsible for Investment Banking and Subsidiaries & Affliates.

Feyzi Özcan - Retail Banking, Personal Loans, Pension Fund, Directorates of the Regions, Distribution Channels

Feyzi Özcan. Mr. Özcan, 46, graduated from Gazi University, Faculty of Economics and Administrative Sciences in Ankara. He joined VakifBank in 1989 as an associate on the Board of Auditors and has worked in various departments of VakifBank. In September 2005 he was appointed as Assistant General Manager. He is responsible for IT, Retail Banking and the branches & the regional directorates.

Metin Recep Zafer - Planning and Performance, Accounting and Financial Affairs

Metin Recep Zafer. Mr. Zafer, 36 graduated from Gazi University and Marmara University, Faculty of Economics and Adminsitrative Sciences and has a Ph.D. from Marmara University in Banking and Insurance. Mr. Zafer joined VakifBank as an Assistant General Manager on June 13, 2006. Prior to joining VakifBank, Mr. Zafer was managing the Financial Control Division of Zıraat Bank. Mr. Zafer is responsible for Financial Affairs, Accounting and Planning & Organization.

Birgul Denli - Treasury

Birgul Denli. Ms. Denli, 36 graduated from ODTU (Middle East Technical University), Faculty of Science and Literature and has a post-graduate degree from London Metropolitan University. Ms. Denli was appointed as an Assistant General Manager at VakifBank on June 15, 2006. Prior to joining VakifBank, Ms. Denli worked for Yapi Kredi Bank, Iktisat Bank, Maddox Fiannacial Services Ltd, Citigroup (SSSB) and VakifBank International AG in various positions. Ms. Denli is responsible for Treasury.

Dogan Pence - Corporate Loans, Loans Follow-up, Legal Services and Directorates of Information

Dogan Pence. Mr. Pençe, 38 graduated from Istanbul University, Faculty of Political Sciences. Mr. Pence was appointed as an Assistant General Manager at VakifBank on June 7, 2006. Mr. Pence joined VakifBank in 1991 and prior to his appointment as Assistant General Manager, he served as the Head of Commercial Loans Department. Mr. Pence is responsible for Commercial Banking, Legal Entities and NPL Recoveries.

Mehmet Kürşat Demirkol - IT and Operations

Mehmet Kürşat Demirkol. Mr. Demirkol graduated from Bilkent University, Department of Electrical and Electronics Engineering and has a Phd in Electrical Engineering from Stanford University. After joining VakifBank as Head of IT in July 2007, he was appointed as Assistant General Manager on 30.11.2007.Prior to joining VakifBank, he had worked for various banks and companies in various positions in Turkey and abroad.

İhsan Çakır - Corporate and Commercial Banking, Communication and Relations with Media, Cash Management

İhsan Çakır. Mr. Çakır graduated from Anadolu University, Faculty of Economics and Administrative Sciences and has a post-graduate degree in Business Management from Istanbul University.He joined VakifBank on 30.11.2007 as Assistant General Manager, prior to that he had worked at Garanti Bank and its subsdiaries in various positions.

Mehmet Cantekin - Internal Audit, Risk Management, Internal Control

Mehmet Cantekin. Mr. Cantekin graduated from Ankara University, Faculty of Political Sciences and has a post-graduate degree in Accounting from Illinois University.He joined VakifBank as Assistant General Manager on 27.12.2007. Before joining VakifBank, he had worked for in various banks and public institutions including BRSA.