VakıfBank
Headquarters in Istanbul Financial Center | |
| Company type | Anonim Şirket |
|---|---|
| BİST: VAKBN | |
| Industry | Finance |
| Founded | January 11, 1954 |
| Headquarters | |
Number of locations | 950 Branches |
Area served | Worldwide |
Key people | Mustafa Saydam (Chairman)
Abdi Serdar Üstünsalih (CEO) |
| Products | Financial services, credit cards, consumer banking, corporate banking, investment banking, mortgage loans, private banking |
| Revenue | US$21.60 billion (2024) |
| US$2.11 billion (2024) | |
| US$1.42 billion (2024) | |
| Total assets | US$118.65 billion (2024) |
| Total equity | US$6.84 billion (2024) |
| Owner | Turkey Wealth Fund |
Number of employees | 18.579 (2024) |
| Website | www.VakıfBank.com |
VakıfBank (lit. 'Foundation Bank') is the second-largest bank in Turkey in terms of asset size, established with an initial capital of TL 50 million on January 11, 1954, and later started operating on April 13, 1954. Abdi Serdar Üstünsalih is CEO of the VakıfBank.
VakıfBank has 935 branches, 4,153 ATMs and 963,062 units of POS that constitute its distribution channels as of September 30, 2022. VakıfBank has six international branches located in New York, Bahrain, Arbil, Dubai, London and Qatar. In addition, VakıfBank operates in Austria with a subsidiary, VakıfBank International AG, which has branches in Vienna, Cologne, Frankfurt, as well as Budapest. As a result, VakıfBank maintains an active presence in 10 countries.
Vakıfbank offers commercial loan support as well as retail loans such as consumer loans, auto loans and housing loans.