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 December 31, 2016, 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 December 31, 2016, VakıfBank undertakes a leading role in the
financing of domestic and foreign trade through 924 branches, 3,917 ATMs and 200.691 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.