vdf Holding A.Ş.

Volkswagen Doğuş Consumer Finance A.Ş. is a consumer finance corporation that has been established in 30 December, 1999 with 51 % partnership of Volkswagen Financial Services AG and 49% share of Doğuş Group with the aim of providing loans appropriate for the budget and payment terms of the customers for purchasing any kind of services and assets. vdf offers new and various financial alternatives to its consumers with the combination of international knowledge of Volkswagen Financial Services A.G. and the experience of vdf in finance sector.The aim of vdf is playing an active role in every stage in automotive and finance sectors that creating synergy together and making an additional business volume and profitability to our strategic partners.

The consumer lives the advatages of buying the vehicle and service credits from same point which is authorized dealer with vdf that offers services to consumers from all districts of Turkey. All credit procedures are conducted by vdf officer in the authorized dealer in behalf of the customer, credit appliactions are sent to vdf via internet and quickly finalized. Being an holding company, vdf includes 3 corporations in the year of 2010: Volkswagen Doğuş Consumer Finance A.Ş., vdf Insurance Intermediary Services A.Ş. ve vdf Factoring Services A.Ş.

vdf Automotive Finance
(Volkswagen Doğuş Tüketici Finansmanı A.Ş.)

vdf Automotive Finance has maintained its leading posi­tion among the consumer financing companies with its 30% market share in 2009. vdf, having a market share of 12% in personal loans among all finance corporations, has also a high penetration level of 38% among Doğuş Group brands. In spite of the economic ambiguity in 2009, vdf has achieved all of its targets as at the close of the year.vdf's primary target in 2010, a year which is expected to display similarities with the previous year, is to maintain the performance reached in 2009 and lead its rivals in all areas that it operates.

Brand portfolio and campaigns

vdf, has maintained its existing brand portfolio and continued to support their campaigns and advertising activities via sponsorships in 2009.The best exam­ples are "Audi A3 Planguard Gift Package" campaign which offers the loan and loan protection insurance in a single package for Audi A3 vehicles and "Hep Yeni" ("Always New") campaign which offers the loan to­gether with motor insurance and extended guarantee for those who buy a VW passenger car.

vdf Insurance Services
(vdf Sigorta Aracılık Hizmetleri A.Ş.)

vdf Insurance Services, operating in the insurance sector with its innovative products, has continued to provide a wide range of insurance instruments to its customers in 2009. Planguard (Credit Protection Insurance) which is launched in 2008, as well as Fulllife (Extended Guarantee Insurance) and Komboplan (Long-term Motor Insurance) products were all provided in 2009 to the customers within a single payment plan in cooperation with vdf Automotive Finance.

Within this scope, the "Hep Yeni" ("Always New") campaign targeting Volkswagen passenger vehicle owners in 2009 has played a very important role for the above mentioned insurance products to be preferred by the customers, their recognition; and in helping the Authorized Dealers to preserve their number of service entries. The warranty of 6,400 vehicles has been extended and a penetration level of 8% has been accomplished since December 2007. On the other hand, in cooperation with Doğuş Automotive, the Planguard product was granted to every Audi customer who bought an Audi A3 between September and October 2009 and with the help of this campaign a penetration level of 16% has been achieved only a year after the product's launch. vdf Insurance Services has concluded the year 2009 by accomplishing the 40,000 policy goal of total sales in all insurance products.

vdf Insurance Services will continue to provide innovative insurance products by the launch of its branded motor insurance product, "Markalı Kasko", which is exclusively designed for Doğuş Group brands, at the beginning of 2010.

vdf Factoring Services

The factoring license, which will support vdf's Authorized Dealers and Distributors in financing and factoring, was given by BDDK (Banking Regulation and Supervision Agency) in January 2009 and vdf Factoring Services A.Ş. has been registered after the completion of its establishment procedures in February 2009. After a BDDK auditing carried in June and July 2009, the official authorisation for vdf Factoring Services is issued by BDDK in November 2009. It is expected that vdf Factoring Services will start to provide services to its distributors and Authorized Dealers by the completion of its organization during January-March 2010 period.