 In 2001, VakıfBank completed the first long-term borrowing following the Turkish economic crisis through the securitization of diversified payment rights for an amount of "US$ 200 million" and a term of five years.VakıfBank also became the first Turkish commercial bank to launch a syndicated loan facility following the economic crisis for an amount of "US$ 110 million".Also in 2001, VakıfBank established a senior risk committee as well as a bank-wide risk committee, an internal control department and a new data processing center.