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Vakifbank T.A.O. (Turkiye)

Main Activities: Commercial Banking
Full name: Turkiye Vakiflar Bankasi T.A.O. Profile Updated: July 01, 2024
Buy our report for this company USD 29.95 Most recent financial data: 2023 Available in: English Download a sample report

Turkiye Vakiflar Bankasi T.A.O., located in Istanbul, was established in 1954 with the goal of utilizing foundation resources to contribute to Turkey's economic development. The bank offers a wide range of contemporary banking products and services, including corporate, commercial, SME, agricultural, retail, and private banking. It also engages in investment banking and capital market activities. With over 900 branches across the country and branches in New York, Erbil, Doha, and Bahrain, VakifBank serves both individual and corporate customers. The bank has subsidiaries in Austria, Germany, and Cyprus, as well as various financial subsidiaries. VakifBank underwent a comprehensive change and development process in 2005, focusing on improving service quality and adopting a customer-oriented approach. The bank's core values include reliability, social responsibility, result orientation, customer focus, innovation, teamwork, loyalty, and leadership. VakifBank aims to strengthen its position in the banking sector and contribute to the growth and development of the national economy.

Headquarters
Saray Mahallesi Dr. Adnan Buyukdeniz Caddesi No: 7A-B Umraniye
Istanbul; Marmara;

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Website: http://www.vakifbank.com.tr

Basic Information
Total Employees:
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Outstanding Shares:
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Registered Capital:
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Financial Auditors:
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Incorporation Date:
April 13, 1954
Key Executives
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Chairman
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Chief Executive Officer
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Vice Chairman
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Director/Member of the Board
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Director/Member of the Board
Ownership Details
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74.79%
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10.84%
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6.35%
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4.06%
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3.91%
Subsidiaries
Vakif Elektronik Para Ve Oedeme Hizmetleri As
100%
Vakifbank International Ag
100%
Vakif Yatirim Menkul Degerler As
99%
Company Performance
Financial values in the chart are available after Vakifbank T.A.O. report is purchased.
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Key Financial Highlights
Annual growth percentages for latest two years in local currency TRY. Absolute financial data is included in the purchased report.
Net interest income
-24.13%
Operating profit (EBIT)
-10.22%
Net Profit (Loss) for the Period
19.61%
Total assets
67.5%
Total equity
69.8%
Total Assets Trend
1.38%
Net Interest Income Trend
N/A
Loans to Deposits Ratio
-22.45%
Loans to Asset Ratio
-9.2%

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