VakıfBank was first established with an initial capital of 50 million TL on the 11th of
January 1954 and later started operating on the 13th of April 1954, for the purpose of
best utilizing the foundations’ monies. Besides, VakıfBank aims at contributing to the
savings of the country with the modern banking practices and utilizing them according to
the requirements of the economic development.
As of September 30, 2017, VakıfBank is the seventh largest bank in Turkey in terms of
asset size. Since its very first date of foundation, VakıfBank continues its activities
towards the growth and development of the country's economy, and the integration with
the world economy pursuant to the provisions of its private law.
VakıfBank has been reaching out its corporate and individual customers in a most
efficient manner through its internet and telephone banking services. As of September
30, 2017, VakıfBank undertakes a leading role in the financing of domestic and foreign
trade through 926 branches, 4,021 ATMs and 213,536 units of POS that constitute its
alternative distribution channels. VakıfBank has three international branches located in
New York, Bahrain and Arbil. In addition, VakıfBank operates in Austria with a subsidiary,
VakıfBank International AG, which has branches in Vienna, Cologne and Frankfurt.