About VakıfBank
VakıfBank is a company based in Istanbul (Turkey) founded in 1954.. The company has 18,210 employees as of December 31, 2024. VakıfBank operates in a competitive market with competitors including Bank of America, Scotiabank, Fibabanka, UniCredit and Akbank, among others.
- Headquarter Istanbul, Turkey
- Employees 18210 as on 31 Dec, 2024
- Stage Public
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Sectors
Financial Services
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Phone
*********
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Website
*********
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Social
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- Legal Name Turkiye Vakiflar Bankasi Turk Anonim Ortakligi
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Annual Revenue
$23.08 B (USD)0as on Dec 31, 2024
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Net Profit
$1.39 B (USD)0as on Dec 31, 2024
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EBITDA
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Latest Funding Round
$380 M (USD), Debt – Conventional
May 07, 2018
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Investors
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Employee Count
18210
as on Dec 31, 2024
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IPO & Listings of VakıfBank
VakıfBank is a publicly listed company on the BIST with ticker symbol VAKBN in Turkey, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
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Funding Insights of VakıfBank
- Total Funding Total Funding
- Total Rounds 1
- Last Round Debt – Conventional — $380.0M
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First Round
First Round
(07 May 2018)
- Investors Count Investors Count
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| May, 2018 | Amount | Debt – Conventional - VakıfBank | Valuation |
investors |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investments & Acquisitions by VakıfBank
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - VakıfBank
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vakıfbank Comparisons
Competitors of VakıfBank
VakıfBank operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Bank of America, Scotiabank, Fibabanka, UniCredit and Akbank, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Commercial banking and asset management services are offered worldwide.
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| domain | founded_year | HQ Location |
Commercial banking services are provided internationally by Scotiabank.
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial bank
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| domain | founded_year | HQ Location |
Commercial bank with presence in turkey
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| domain | founded_year | HQ Location |
Multiple consumer banking services are provided by Garanti BBVA.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vakıfbank
Frequently Asked Questions about VakıfBank
When was VakıfBank founded?
VakıfBank was founded in 1954 and raised its 1st funding round 64 years after it was founded.
Where is VakıfBank located?
VakıfBank is headquartered in Istanbul, Turkey.
How many employees does VakıfBank have?
As of Dec 31, 2024, the latest employee count at VakıfBank is 18,210.
What is the annual revenue of VakıfBank?
Annual revenue of VakıfBank is $23.08B as on Dec 31, 2024.
What does VakıfBank do?
VakıfBank was founded in 1954 in Istanbul, Turkey, where it functions as a commercial bank. A broad spectrum of financial services is extended to personal, commercial, and corporate clients, encompassing loans, credit cards, deposits, investments, payments, insurance, and pension plans. Branchless banking, foreign trade support, and cash management are also facilitated. In 2022, annual revenues of 8.49 billion were reported, alongside a net profit of 0.61 billion.
Who are the top competitors of VakıfBank?
VakıfBank's top competitors include Scotiabank, Bank of America and Garanti BBVA.
Is VakıfBank publicly traded?
Yes, VakıfBank is publicly traded on BIST under the ticker symbol VAKBN.
What is VakıfBank's ticker symbol?
The ticker symbol of VakıfBank is VAKBN on BIST.