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VakifBank International AG

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VakifBank International AG

Mission statement:

The mission of VakifBank is to take modern banking forward through new leaps, considering people and information as its most significant capital in parallel with a social banking understanding based on the principle of firstly supporting the customers under all economic circumstances with its widespread branch network, wide range of products and service quality.

Vision:

Through our products and services as well as our trustworthiness we deliver, our vision is to be the leader bank of Turkey.

History:

VakifBank was founded on April 13, 1954 under the special law “Turkiye Vakiflar Bankasi Turk Anonim Ortakligi Kanunu.” VakifBank’s initial purpose was the management of the cash revenues and expenditures of the charitable foundations set up during the Ottoman Empire period. VakifBank was established in Ankara and quickly began conducting banking activities with branch offices in Istanbul, Ankara and Izmir.

In 1956, after conducting extensive studies and surveys in the major economic centers across Turkey, VakifBank continued its growth by opening an additional 10 branches. In 1957, VakifBank made its first venture towards broadening its services with the establishment of Gunes Insurance. Over the next 20 years, VakifBank continued to expand and widen its geographic presence in Turkey by opening new branches throughout Turkey, including in other important commercial and industrial regions. By 1977, VakifBank had 206 branch offices.
During the 1980s, VakifBank sought to keep pace with technological advances and placed special emphasis on improving its operations through investment in technology. VakifBank improved automation and became fully integrated through a centralized mainframe computer system. In 1982, in an effort to conduct banking operations in a more dynamic manner and serve the particular needs of various regions, VakifBank established regional directorates in Istanbul, the Aegean and the Cukurova regions.

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