VakifBank was established with an initial capital of 50 TL on 11th January 1954 and started operating on April 13, 1954 for the purposes of best utilizing the foundational monies and incomes, contributing to the savings of the country with the management and operation understanding meeting the requirements of modern banking, and protecting the collected savings and utilizing them according to the requirements of the economic development.
VakifBank is one of the leading “multi-specialist” banks in Turkey. The modern banking products and services that it offers cover not only corporate, commercial and small-scale enterprise banking, but also the retail and private banking sectors. Being engaged in investment banking and capital market activities in addition to the basic banking products and services, VakifBank offers the full range of financial products required in this era via state of the art technology including, but not limited to underwriting, financial leasing and factoring services, etc. by means of its financial participations.
VakifBank has two international offices located in New York and Bahrain and it also has participation in Austria named VakifBank International AG which has branches in Vienna, Cologne and Frankfurt.