Vakýfbank said: "we have acquired the highest collateral for the credit granted to Çalýk Group."
Vakýfbank gave details about the credit granted for the sale of SABAH-atv and stated that the credit interest rate is over the funding cost and it contributes to the profitability of the bank.
Vakýfbank: "We sought profitability in the credit given for the SABAH-atv sale"
15.05.2008
Vakýfbank stated that the credit granted to Çalýk Group for the purchasing of SABAH-atv complies with the common banking law.
Vakýfbank announced that it has obtained the highest collateral required and has taken all the necessary measures in giving credit to Turkuvaz Radio and Television Journalism and Publication. Vakýfbank said in its written statement: "Vakýfbank has carried out crediting procedures over this amount. Vakýfbank is placed at the top of the list of banks providing the highest amount of cash flow. Interest and commission rates set for the credit supercede the funding cost and the transaction it has been carried out by evaluating the profitability for Vakýfbank."
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