VakifBank stock targets TRY 10 billion in green finance promotion plan page? no

Published on 10/08/2026 at 00:52 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

VakifBank stock posted TRY 16.7 billion in Q2 net income, up 31 percent year over year. The October 7 close was TRY 33.68 on Borsa Istanbul.

VakifBank, TREVKFB00019, Illustration mit AI erstellt.

VakifBank stock (ISIN TREVKFB00019) closed at TRY 33.68 on Borsa Istanbul on October 7, 2026, while the bank launched a circular-economy financing package targeting TRY 10 billion. The initiative gives the lender a fresh growth angle beyond traditional credit markets.

Green lending targets TRY 10 billion

According to Ekovitrin on October 6, 2026, VakifBank and the Zero Waste Foundation introduced a financing package for companies and public institutions investing in resource efficiency, recycling, reuse and circular production.

The first phase targets more than 500 institutions and projects with TRY 10 billion of financing. The package includes investment loans of up to TRY 50 million with maturities of up to 60 months, while large projects can receive financing with maturities of up to 120 months.

Working-capital facilities reach TRY 10 million with maturities of up to 24 months. The program also includes TRY 3 billion of Credit Guarantee Fund support for small and medium-sized businesses, linking the bank's lending strategy to industrial investment and sustainability spending.

Profit growth meets a lower margin

Simply Wall St reported that VakifBank's second-quarter 2026 net income reached TRY 16.7 billion, up 31 percent from the year-ago quarter. Earnings per share rose to TRY 1.87 from TRY 1.42, while revenue increased 41 percent to TRY 67.8 billion.

The same Q2 review put profit margin at 25 percent, down from 27 percent a year earlier because of higher expenses. That contrast matters for the new lending plan: expanding sustainable finance can enlarge the loan base, but execution and funding costs will determine how much of the growth reaches earnings.

Stock stays below its yearly high

VakifBank shares traded between TRY 21.38 and TRY 43.06 over the 52-week period ending October 7, 2026. The TRY 33.68 close was 21.78 percent below the yearly high, while the session range was TRY 32.90 to TRY 33.84 and volume reached 31,897,125 shares.

The market value stood at TRY 334.0 billion on October 7, 2026. The shares slipped 0.12 percent from the prior close of TRY 33.72, leaving the financing announcement as a business catalyst rather than a large same-session price move.