Turkiye Vakiflar Bankasi Turk Anonim Ortaklig - Company Profile
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Turkiye Vakiflar Bankasi Turk Anonim Ortaklig (VakifBank) offers retail, corporate, commercial, small and medium enterprise (SME) banking; investment; and private banking solutions. Its retail banking portfolio includes deposit products, personal credit, cards, insurance, payment services, investment products, and online banking services. The bank’s SME banking portfolio offers support packages, leasing, agricultural banking, foreign trade, and merchant services. VakifBank offers commercial and corporate banking solutions including loans, business cards, pensions, factoring, insurance, cash management, and investment services. Its investment banking products include term deposits, demand deposits, pool accounts, mutual funds, treasury bills, derivative products, and trading platforms. The bank offers private banking products and services such as special deposit products, loans, cards, and pension plans to high net-worth individuals. It offers products and services through a network of branches, regional offices, subsidiaries, ATMs, and online banking in Turkey. It has overseas branches in Bahrain, Qatar, Northern Iraq, and the US. VakifBank is headquartered in Istanbul, Turkey.
Headquarters
Turkey
Address
Genel Mudurlugu Saray Mahallesi Dr. Adnan Buyukdeniz Caddesi No: 7/A-B Umraniye, Istanbul, Istanbul-I (Thrace), 34415
Website
www.vakifbank.com.tr
Telephone
90 216 7241000
No of Employees
17,433
Industry
Financial Services
Ticker Symbol & Exchange
VAKBN.E (IST)
Revenue (2023)
$17.0B
116.6%
(2023 vs 2022)
EPS
XYZ
Net Income (2023)
XYZ
19.2%
(2023 vs 2022)
Market Cap*
$5.7B
Net Profit Margin (2023)
XYZ
-45.0%
(2023 vs 2022)
* As of and is in US$
Turkiye Vakiflar Bankasi Turk Anonim Ortaklig premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts: | Payment Services | VakifBank |
| Current | Cash Management | Vakifbank Finance Group |
| Deposits | Factoring | |
| 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 |
|---|---|---|
| 2023 | Contracts/Agreements | In August, Vakıfbank entered into a partnership with Bitfinex Turkiye to offer customers zero-cost deposits in Turkish Lira. |
| 2022 | New Products/Services | The bank launched a mobile app, Vibox to support kids aged 0 to 18 to save money. |
| 2022 | New Products/Services | The bank launched Ace Card ATM Card and Ace Card Credit Card for volleyball followers and VakfBank Sports Club supporters, Turkey's exceptional winner with the most international trophies. |
Competitor Comparison
| Key Parameters | Turkiye Vakiflar Bankasi Turk Anonim Ortaklig | Turkiye IS Bankasi AS | Turkiye Garanti Bankası Anonim Sirketi | Yapi ve Kredi Bankasi AS | Akbank TAS |
|---|---|---|---|---|---|
| Headquarters | Turkey | Turkey | Turkey | Turkey | Turkey |
| City | Istanbul | Istanbul | Istanbul | Istanbul | Istanbul |
| State/Province | Istanbul-I (Thrace) | - | - | - | Istanbul-I (Thrace) |
| No. of Employees | 17,433 | 20,809 | 18,966 | 15,954 | 13,451 |
| 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 | 57 |
| Abdi Serdar Ustunsalih | Chief Executive Officer; Director | Executive Board | 2019 | 60 |
| Cemil Ragip Ertem | Deputy Chairman | Executive Board | 2020 | - |
| Abdulkadir Aksu | Director | Non Executive Board | 2021 | 79 |
| Sahin Ugur | Director | Non Executive Board | 2017 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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