- CEO
- Osman Arslan
- Full Time Employees
- 19,147
- Sector
- Finance
- Industry
- Major banks
- Address
- Finanskent Mahallesi Finans Caddesi No:40/1 Istanbul IB Turkey 34768
- IPO Date
- Nov 18, 2005
- Business
- Türkiye Vakıflar Bankasi Türk Anonim Ortakligi (VakifBank) operates as a full-service commercial and retail bank in Turkey and internationally, offering corporate, commercial, small and medium enterprise (SME), agricultural, and modern retail banking products and services; time, demand, and term deposit accounts; mortgage, housing, car, personal, consumer, and private banking yacht loans; working capital loans, spot loans, foreign currency indexed loans, discounted bills, and overdraft facilities; housing, comprehensive, motor, compulsory traffic, travel, complementary health, compulsory earthquake, and life insurance products; individual and private pension contracts; investment products including investment funds, government bonds, treasury bills, eurobonds, bank bonds, gold trading, VakifBank Gold, stocks, VIOP, safe deposit boxes, options, dual currency deposits, contingent options, currency swaps, and forward agreements; export/import transactions, foreign currency transfers, Eximbank loans, foreign trade solutions, money transfers, factoring, leasing, and digital banking services; as well as underwriting, financial leasing, and capital market activities through subsidiaries such as Vakif Yatirim Menkul Degerler AS and Vakif Faktoring AS. VakifBank maintains a network of approximately 935 branches, over 4,000 ATMs, and international presence through branches in New York, Bahrain, Arbil, Dubai, London, and Qatar, alongside a subsidiary in Austria (VakifBank International AG) with branches in Vienna, Cologne, Frankfurt, and Budapest, serving customers across 10 countries primarily in corporate, SME, agricultural, retail, and private banking segments. Founded in 1954 and headquartered in Istanbul, Turkey, the bank is controlled by the Turkish Treasury and Türkiye Wealth Fund. Recent developments include a USD 500 million Murabaha financing transaction in September 2025 with Kuwait Finance House, the bank's first such deal with 5-year maturity to diversify international funding; a USD 700 million diversified payment rights (DPR) securitization in early 2025, its largest targeting institutional investors following a Fitch rating upgrade; a USD 1 billion DPR transaction and USD 500 million additional Tier 1 issuance in 2025; a USD 870 million equivalent dual currency sustainability-themed syndication loan in late 2024; and an ESG-linked USD 915 million equivalent syndication loan in May 2024 with 48 international banks, underscoring ongoing efforts to secure sustainable, long-term funding amid global market conditions.