What Does VakıfBank Do?

Total employees10922
Headquartersİstanbul
Founded1954

VakıfBank (Türkiye Vakıflar Bankası T.A.O.) is one of Turkey's largest and most established state-owned banks, founded in 1954. It offers a comprehensive range of banking and financial services to retail, commercial, SME, and corporate customers. With a strong national presence and expanding international reach, VakıfBank plays a vital role in the Turkish economy, supporting various sectors through lending, deposit-taking, and other financial instruments. The bank is committed to innovation, digitalization, and sustainable banking practices.

Where Is VakıfBank's Headquarters?

VakıfBank officeVakıfBank officeVakıfBank officeVakıfBank office
*Images sourced via web search. Rights belong to original owners

HQ Function

Serves as the central command for VakıfBank's national and international operations, housing top management, strategic planning, core corporate functions, and technological development.

Notable Features:

A state-of-the-art, purpose-built facility within the iconic Istanbul International Financial Center. It features modern architectural design, advanced sustainable technologies, high-tech office spaces, extensive conference facilities, and employee wellness amenities.

Work Culture:

VakıfBank fosters a dynamic, professional, and innovative work environment. There is a strong emphasis on customer-centricity, ethical banking, continuous learning for employees, and collaboration to achieve strategic goals in a competitive financial landscape.

HQ Significance:

The relocation to the IIFC underscores VakıfBank's forward-looking vision, its commitment to being a pivotal player in Turkey's ambition to become a global financial center, and its focus on enhancing operational efficiency and corporate prestige.

Values Reflected in HQ: The headquarters reflects VakıfBank's values of strength, modernity, innovation, sustainability, and its dedication to contributing to Turkey's economic progress and financial stability.

Location:

VakıfBank supports global functions through its international branches in New York (USA), Erbil (Iraq), and an offshore branch in Bahrain. It also maintains representative offices in various countries and an extensive network of correspondent banks worldwide. These operations facilitate international trade finance, corporate banking for multinational clients, treasury operations, and participation in global financial markets, reinforcing Turkey's economic ties internationally.

Street Address:

Finanskent Mahallesi, Finans Caddesi, No:40/1

City:

İstanbul

State/Province:

İstanbul

Country:

Turkey

Where Else Does VakıfBank Operate Around the World?

New York, NY, USA

Address: 1177 Avenue of the Americas, 10th Floor, New York, NY 10036, USA

To enhance VakıfBank's global outreach, provide financial services to Turkish and international clients in the North American market, and serve as a conduit for capital flows and investment opportunities.

Erbil, Iraq

Address: Gulan Street, Ster Tower, Ground Floor No: B1-B2, Erbil, Iraq

To strengthen VakıfBank's presence in the Middle Eastern market, facilitate Turkish commercial activities in Iraq, and contribute to regional economic development.

Manama, Bahrain (Offshore Branch)

Address: GB Corp Tower, Building 1411, Road 4626, Block 346, Bahrain Financial Harbour, Manama, Kingdom of Bahrain

To access international financial markets, manage foreign currency funding, and support the international trade finance needs of its clients in the GCC and broader MENA region.

Buying Intent Signals for VakıfBank

Highperformr Signals uncover buying intent and give you clear insights to target the right accounts at the right time — helping your sales, marketing, and GTM teams close more deals, faster.

Notable news
Hiring actively
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
Corporate Finance
*Example signal, not calculated in real time

Who's Leading VakıfBank? Meet the Executive Team

As of April 2025, VakıfBank' leadership includes:

Abdi Serdar Üstünsalih - Genel Müdür (CEO) and Member of the Board of Directors
Alaattin Şimşek - Genel Müdür Yardımcısı (Deputy General Manager) - Retail Banking and SME Banking Marketing
Dr. Cemil Özdemir - Genel Müdür Yardımcısı (Deputy General Manager) - Financial Management and Strategy
Hazım Akyol - Genel Müdür Yardımcısı (Deputy General Manager) - Loans
Muhammet Lütfü Çelebi - Genel Müdür Yardımcısı (Deputy General Manager) - Digital Banking, Operational Transactions and Communication
Alper Gürsoy - Genel Müdür Yardımcısı (Deputy General Manager) - Internal Systems
Mustafa Saydam - Chairman of the Board of Directors
Dr. Adnan Ertem - Vice Chairman of the Board of Directors

Who's Investing in VakıfBank?

VakıfBank has been backed by several prominent investors over the years, including:

Turkish Wealth Fund (Türkiye Varlık Fonu - majority shareholder)
VakıfBank Members Private Pension Fund (Vakıfbank T.A.O. Memur ve Hizmetlileri Emekli ve Sağlık Yardım Sandığı Vakfı)
Publicly Traded on Borsa Istanbul (BIST: VAKBN)
General Directorate of Foundations (Vakıflar Genel Müdürlüğü - historical founding entity, current direct stake is minor)

What Leadership Changes Has VakıfBank Seen Recently?

Hire1
Exits0

VakıfBank has seen some executive appointments in its senior management team over the past year, primarily focusing on strengthening its internal systems and operational capabilities. No major high-profile departures have been publicly announced.

New Appointments:

Alper Gürsoy, Alper Gürsoy appointed as Deputy General Manager overseeing Internal Systems.

What Technology (Tech Stack) Is Used byVakıfBank?

Discover the tools VakıfBank uses. Highperformr reveals the technologies powering your target accounts — helping your sales, marketing, and GTM teams prioritize smarter and close faster.

VakıfBank Email Formats and Examples

VakıfBank primarily uses the [first].[last]@vakifbank.com.tr email format for its employees. Variations might exist for specific departments or roles, but this is the most common structure.

[first].[last]@vakifbank.com.tr

Format

mehmet.yilmaz@vakifbank.com.tr

Example

80%

Success rate

What's the Latest News About VakıfBank?

VakıfBank Investor Relations / Public Disclosure Platform (KAP)May 2, 2024

VakıfBank Announces Q1 2024 Financial Results with TRY 12.1 Billion Net Profit

VakıfBank disclosed its financial results for the first quarter of 2024, reporting a consolidated net profit of TRY 12.1 billion. The bank highlighted growth in total assets, loans, and deposits, maintaining a strong capital adequacy ratio and continued support for the Turkish economy....more

VakıfBank Official WebsiteApril 22, 2024

VakıfBank Highlights Sustainability Efforts and Green Financing in Latest Report

VakıfBank emphasized its ongoing commitment to sustainability through various initiatives, including increased financing for renewable energy projects and green bonds. The bank's recent sustainability report details its strategy for environmental, social, and governance (ESG) integration across its operations....more

Anadolu AgencyMarch 15, 2024

VakıfBank to Play Key Role in Istanbul Financial Center Development

With its new headquarters established in the Istanbul International Financial Center (IIFC), VakıfBank is poised to significantly contribute to the center's goal of making Istanbul a global financial hub. The bank plans to leverage its new location to enhance international collaborations and services....more

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