VakıfBank history, profile and corporate video
VakıfBank is a Turkish bank and a financial services company headquartered in Ümraniye, Istanbul, Turkey. VakıfBank company was established in 1954.
In 1957, VakıfBank established Güneş Insurance.
In 1988, Vakıf Financial Leasing (Vakif Finansal Kiralama A.Ş.) was established.
In 1993, VakıfBank established Vakıf Pazarlama under the name of Vakıf Deniz Leasing Inc. It also established Vakıf Offshore in the Turkish Republic of Northern Cyprus.
In 1995, the branch in New York was established.
In 1996, the company established Vakıf Gayrimenkul (a real estate investment trust) and Vakıf Risk Sermayesi Yatirim Ortakligi A.Ş. (the first venture capital company in Turkey).
In 1998, Va Vakıf Factoring Inc. and the company’s first home banking platform were established.
In 1999, the Austrian subsidiary VakıfBank International AG was founded, with branches in Vienna and Cologne.
In 2000, VakıfBank’s subsidiaries, Güneş Insurance, Vakıf Financial Leasing, Vakıf Investment Trust Company, Vakıf Gayrimenkul and Risk Sermayesi Yatirim Ortakligi were listed on the Istanbul Stock Exchange.
In 2001, VakıfBank introduced internet banking, with the launch of its website.
OPERATIONS
VakıfBank offers banking products and services in corporate, commercial, SME and agricultural banking, as well as retail and private banking. It also engages in investment banking and capital market activities. In addition, through its financial subsidiaries, it offers a range of financial products from insurance to financial leasing and factoring services.
FINANCIAL SUBSIDIARIES
- VakıfBank International AG
- Cyprus Vakiflar Bank Ltd.
- Turkey Industrial Development Bank A.Ş.
- Istanbul Settlement and Custody Bank A.Ş.
- Vakıf Financial Leasing Inc.
- Vakıf Menkul Kıymet Yatırım Ortaklığı A.Ş.
- Vakıf Gayrimenkul Yatırım Ortaklığı A.Ş.
- Vakıf Factoring A.Ş.
- Vakıf Yatırım Menkul Değerler A.Ş.
- Credit Guarantee Fund Inc.
- United Mortgage Financing Inc.
- Vakıf Electronic Money and Payment Services Inc.
NON-FINANCIAL SUBSIDIARIES
- Platform Ortak Kartli Sistemleri A.Ş.
- Taksim Otelcilik A.S.
- Vakıf Gayrimenkul Değerleme A.Ş.
- Vakıf Energy and Mining Inc.
- Vakıf Pazarlama Sanayi ve Ticaret A.Ş.
- Roketsan Rocket Industry and Trade Inc.
- Interbank Card Center Inc.
- Credit Registration Bureau A.Ş.
- Izmir International Hotel Management Inc.
- Gucbirligi Holding A.S.
- In Liquidation World Vakıf UBB Ltd.
- Turkish Product Specialization Exchange Inc.
- Bilesim Financial Technologies and Payment Systems Inc.
- JCR Eurasia Rating Inc.
With more than 16,000 employees and over 900 branches, VakıfBank is considered one of the largest banks in Turkey. According to Forbes, it is considered one of the Largest Public Companies in the World.
*Information from Forbes.com, Wikipedia.org, and www.vakifbank.com.
**Video published on YouTube by “VakıfBank“.