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 June 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 June 30, 2017,
VakıfBank undertakes a leading role in the financing of domestic and foreign trade through
927 branches, 4,008 ATMs and 211,207 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.