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Vak?fBank

#2949

Rank

$4.5B

Marketcap

TR Turkey

Country

Vak?fBank
Leadership team

Mr. Abdi Serdar Ustunsalih (CEO, GM & Exec. Director)

Mr. Korhan Turgut (Head of Accounting & Financial Affairs)

Mr. Ali Tahan (Sr. VP and Head of International Banking & Investor Relations)

Products/ Services
Banking, Finance, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Istanbul, Istanbul, Turkey
Established
1954
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
VAKBN.IS
Social Media
Overview
Location
Summary
Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, together with its subsidiaries, provides corporate, commercial, small business, retail, and investment banking services in Turkey and internationally. It offers time and demand deposits, accumulating accounts, repos, spot loans, foreign currency indexed loans, consumer loans, automobile and housing loans, working capital loans, discounted bills, overdraft facilities, gold loans, foreign currency loans, Eximbank loans, pre-export loans, ECA covered financing, letters of guarantee, letters of credit, export factoring, acceptance credits, and draft facilities. The company also provides forfeiting, leasing, forwards, futures, salary payments, investment accounts, cheques, safety boxes, tax collections, bill payment, and payment order services, as well as insurance products. In addition, it offers foreign trade transactions, cash management, factoring, credit cards, investment products, leasing, and other banking products to its corporate, commercial, and retail customers. Further, the company provides small business banking services, including overdraft accounts, POS machines, credit cards, cheque books, TL and foreign currency deposits, Internet banking and call-center, debit card, and bill payment to enterprises in retail and service sectors. Additionally, it offers capital market transactions; issues capital market tools; purchases and sells marketable securities; and provides investment consultancy and portfolio management services, as well as invests in marketable debt and equity securities, and gold and other precious metals. As of December 31, 2021, the company operated a network of 936 branches in Turkey, as well as 4 foreign branches located in New York, Bahrain, Qatar, and Erbil. Türkiye Vakiflar Bankasi Türk Anonim Ortakligi was founded in 1954 and is headquartered in Istanbul, Turkey. Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is a subsidiary of Ministry of Treasury and Finance.
History

Vak?fbank was established in 1954 as a government-owned bank for the purpose of providing financial aid to small businesses and supporting agricultural development in Turkey. Over the years, the bank has grown to become one of the largest banking institutions in the country and is now a member of the Cukurova Financial Group. The bank is listed on both the Istanbul Stock Exchange and the National Bank of Turkey.

Mission
Vakifbank’s mission is to offer innovative banking services and products to customers in Turkey and around the world, enabling them to benefit from the performance, security and stability of the Turkish banking system.
Vision
Our vision is to be the preferred partner for customers in Turkey and Internationally, with innovative banking services and strong partnerships.
Key Team

Mr. Ramazan Siryol (Head of Compliance and Regulation Department)

Mr. Mikail Hidir (Chief Legal Counsel and Exec. VP of Legal & Liquidation)

Dr. Metin Recep Zafer (Exec. VP of IT Technologies and Operations)

Mr. Ferkan Merdan (Exec. VP of Digital Banking, Customer Experience & Corp. Communication)

Mr. Alaattin Simsek (Exec. VP of Corp., Commercial, SME & Retail Banking Marketing)

Mr. Muhammet Lutfu Celebi (Exec. VP of HR and Corp. Devel.)

Mr. Suayyip Ilbilgi (Exec. VP of Financial Management, Strategy and Subsidiaries)

Recognition and Awards
Vak?fbank is recognized as one of the leading banks in Turkey with multiple awards and recognitions. It has been awarded the Private Banking Excellence Award in 2013, the Private Business Excellence Award in 2016 and most recently the Innovative Bank of the Year Award in 2017.
References
Vak?fBank
Leadership team

Mr. Abdi Serdar Ustunsalih (CEO, GM & Exec. Director)

Mr. Korhan Turgut (Head of Accounting & Financial Affairs)

Mr. Ali Tahan (Sr. VP and Head of International Banking & Investor Relations)

Products/ Services
Banking, Finance, Financial Services
Number of Employees
1,000 - 20,000
Headquarters
Istanbul, Istanbul, Turkey
Established
1954
Net Income
1B - 20B
Revenue
Above - 1B
Traded as
VAKBN.IS
Social Media