Turkiye Vakiflar Bankasi Turk Anonim Ortaklig - Company Profile
Powered by 
All the sales intelligence you need on Turkiye Vakiflar Bankasi Turk Anonim Ortaklig in one solution.
- Save hours of research time with a comprehensive
Sales Intelligence Solution.
- Understand how Turkiye Vakiflar Bankasi Turk Anonim Ortaklig fits into your total
addressable market and Ideal Customer Profile.
- Gain competitive edge with triggers that tell you
when and how to engage with Turkiye Vakiflar Bankasi Turk Anonim Ortaklig.
Get in touch about GlobalData Company reports
Contact the team or request a demo to find out how our data can drive your business forward
Related keylists
Turkiye Vakiflar Bankasi Turk Anonim Ortakligi (VakifBank) operates in the banking sector, focusing on corporate, commercial, small business, retail, treasury, and investment banking. The bank offers a wide range of banking products, including time and demand deposits, loans, foreign currency services, and investment accounts. VakifBank provides service packages tailored to corporate, commercial, and retail customers, encompassing deposit services, loans, foreign trade transactions, and cash management. The bank serves a diverse customer base, including enterprises in the retail and service sectors, through products like overdraft accounts, POS machines, and internet banking. VakifBank operates branches and ATMs to effectively meet customer needs. The bank operates in the US, Iraq, Qatar, and the UAE. VakifBank is headquartered in Istanbul, Turkiye.
Headquarters
Turkey
Address
Finanskent Mahallesi Finans Caddesi No: 40/1 Ümraniye/Istanbul, Istanbul-I (Thrace), 34415
Website
www.vakifbank.com.tr
Telephone
0 850 2220724
No of Employees
18,209
Industry
Financial Services
Ticker Symbol & Exchange
VAKBN.E (IST)
Revenue (2024)
$30.9B
37.9%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
56.8%
(2024 vs 2023)
Market Cap*
$6.7B
Net Profit Margin (2024)
XYZ
13.7%
(2024 vs 2023)
* As of and is in US$
Turkiye Vakiflar Bankasi Turk Anonim Ortaklig premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts: | Payment Services | VakifBank |
| Current | Cash Management | |
| Deposits | Leasing | |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Others | In September, Turkiye Wealth Fund sold 1.53% of the bank. |
| 2024 | Others | In January, the bank was affirmed with a rating of B3 with positive outlook by Moody’s ratings. |
| 2023 | Contracts/Agreements | In August, Vakıfbank entered into a partnership with Bitfinex Turkiye to offer customers zero-cost deposits in Turkish Lira. |
Competitor Comparison
| Key Parameters | Turkiye Vakiflar Bankasi Turk Anonim Ortaklig | Turkiye IS Bankasi AS | Turkiye Garanti Bankası Anonim Sirketi | Turkiye Halk Bankasi AS | Yapi ve Kredi Bankasi AS |
|---|---|---|---|---|---|
| Headquarters | Turkey | Turkey | Turkey | Turkey | Turkey |
| City | Istanbul | Istanbul | Istanbul | Istanbul | Istanbul |
| State/Province | Istanbul-I (Thrace) | - | - | Istanbul-I (Thrace) | - |
| No. of Employees | 18,209 | 20,560 | 22,664 | 21,520 | 14,402 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Mustafa Saydam | Chairman | Executive Board | 2021 | 60 |
| Abdi Serdar Ustunsalih | Chief Executive Officer; Director | Executive Board | 2019 | 63 |
| Cemil Ragip Ertem | Deputy Chairman | Executive Board | 2020 | 67 |
| Mikail Hidir | Chief Legal Counsel | Senior Management | 2018 | 47 |
| Sahin Ugur | Director | Non Executive Board | 2017 | 69 |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
Still looking?
Have you found what you were looking for? From start-ups to market leaders, uncover what they do and how they do it.
Explorer
Access more premium companies when you subscribe to Explorer