Seref Aksac - Turkiye Vakiflar Member of the Board

VAKBN Stock  TRY 15.79  0.02  0.13%   

Executive

Mr. Seref Aksac has served as Independent Member of the Board of Directors of Turkiye Vakiflar Bankasi TAO since April 30, 2014. He graduated from Istanbul Economics and Commercial Sciences Academy, Faculty of Political Sciences, Department of Public Administration in 1979 since 2014.
Age 59
Tenure 10 years
Phone90 216 724 10 00
Webhttps://www.vakifbank.com.tr
Aksac began his professional career in 1982 as Assistant Auditor at Ziraat Bank and was promoted to Auditor in 1986. Seref Aksac assumed duties as Assistant Manager at the Istanbul Branch between 1990 and 1993 and as Manager in various branches of Ziraat Bank between 1993 and 2003. He was appointed Executive Vice President responsible for Human Resources between 2003 and 2005. In addition to these duties, he served as Audit Committee Member at Basak Insurance, and as Member of the Board of Directors at Turkmen Turkish JointStock Commercial Bank and at Ziraat Investment and Securities. While serving as Executive Vice President responsible for Sales and Marketing and as Deputy General Manager at Ziraat Hayat ve Emeklilik A.S. in August 2012, Mr. Aksac was appointed General Manager at Ziraat Hayat ve Emeklilik A.S. as of March 2013. He is married with one child. He was elected as Member of the Board of Directors at VakifBank’s Extraordinary General Assembly dated on April 30, 2014

Turkiye Vakiflar Management Efficiency

The company has return on total asset (ROA) of 0.018 % which means that it generated a profit of $0.018 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of 0.2767 %, meaning that it generated $0.2767 on every $100 dollars invested by stockholders. Turkiye Vakiflar's management efficiency ratios could be used to measure how well Turkiye Vakiflar manages its routine affairs as well as how well it operates its assets and liabilities.
The company has accumulated 126.79 B in total debt. Debt can assist Turkiye Vakiflar until it has trouble settling it off, either with new capital or with free cash flow. So, Turkiye Vakiflar's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Turkiye Vakiflar Bankasi sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Turkiye to invest in growth at high rates of return. When we think about Turkiye Vakiflar's use of debt, we should always consider it together with cash and equity.

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Trkiye Vakiflar Bankasi Trk Anonim Ortakligi, through its subsidiaries, provides corporate, commercial, small business, retail, and investment banking services in Turkey and internationally. Trkiye Vakiflar Bankasi Trk Anonim Ortakligi was founded in 1954 and is headquartered in Istanbul, Turkey. VAKIFLAR BANKASI operates under Banks - Regional - Europe classification in Turkey and is traded on Istanbul Stock Exchange. Turkiye Vakiflar Bankasi (VAKBN) is traded on Istanbul Stock Exchange in Turkey and employs 16,850 people.

Management Performance

Turkiye Vakiflar Bankasi Leadership Team

Elected by the shareholders, the Turkiye Vakiflar's board of directors comprises two types of representatives: Turkiye Vakiflar inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Turkiye. The board's role is to monitor Turkiye Vakiflar's management team and ensure that shareholders' interests are well served. Turkiye Vakiflar's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Turkiye Vakiflar's outside directors are responsible for providing unbiased perspectives on the board's policies.
Seref Aksac, Member of the Board
Adnan Ertem, Member of the Board
Mustafa Emre, Head of the Audit Board
Korhan Turgut, Head Affairs
Ferkan Merdan, Customer Banking
Ramazan Siryol, Head of Internal Audit
Mehmet Ozcan, Vice Chairman of the Board
Alaattin Simsek, Commercial, Corp
Halim Kanatci, Member of the Board
Zeki Sozen, Head of Risk Management
Mehmet Karaagac, Vice General Manager - Credit Follow-up, Risk Follow-up and Legal Issues
Yakup Simsek, Vice General Manager -Retail Banking Department - Payment Systems Department - Payment Systems Operations Department – Bancassurance Department
Seyh Boz, Executive Vice President Lending Policy, Loan Monitoring, Financial Assessment
Ersin Ozoguz, Head of the Audit Board
Ramazan Gunduz, Chairman of the Board
Serdar Satoglu, Vice General Manager - Private Banking and Subsidiaries
Hasan Ecesoy, Vice General Manager - Treasury and Investment Banking
Dilek Yuksel, Member of the Board
Mustafa Turan, Investor Relations Officer
Muhammet Celebi, Vice General Manager - Commercial and Corporate Banking, SME Banking, Cash Management and Banking Insurance
Ilker Yesil, Executive Vice President Payment System and Digital Banking
Metin Zafer, Vice General Manager - General Accounting, Treasury, Financial Affairs, Banking Operations
Halil Aydogan, General Manager, Member of the Board
Ozturk Oran, Member of the Board
Osman Demren, Vice General Manager - Commercial Banking and SME Banking
Sabahattin Birdal, Member of the Board
Ali Eroglu, Vice General Manager - Applications Improvement, Systems Management, BT Operations and Support
Abdi Ustunsalih, GM CEO
Omer Arisoy, Member of the Board
Ali Tahan, VP Relations
Sahin Ugur, Independent Member of the Board
Ismail Alptekin, Independent Member of the Board
Suayyip Ilbilgi, Executive Vice President Financial Management Strategic Planning and Subsidiaries
Mikail Hidir, Chief Liquidation
Mustafa Saydam, Vice General Manager - Human Resources, Support Services and Distribution Channels
Huseyin Bilgin, Executive Vice President Human Resources, Corporate Development and Training
Serdar Tuncbilek, Independent Vice Chairman of the Board

Turkiye Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Turkiye Vakiflar a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

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Please note, there is a significant difference between Turkiye Vakiflar's value and its price as these two are different measures arrived at by different means. Investors typically determine if Turkiye Vakiflar is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Turkiye Vakiflar's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.