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XIST
VAKBN
Market cap5.23bUSD
Nov 12, Last price  
26.04TRY
Name

Turkiye Vakiflar Bankasi TAO

Chart & performance

D1W1MN
XIST:VAKBN chart
P/E
3.35
P/S
0.22
EPS
7.78
Div yield, %
—
Shrs. gr., 5y
20.48%
Rev. gr., 5y
87.47%
Revenues
1.17t
+47.01%
5,307,568,0006,554,349,0007,659,223,0007,983,491,0007,934,456,0007,902,392,00010,415,852,00010,665,274,00013,134,943,00015,567,732,00019,027,279,00024,895,262,00039,971,857,00046,663,014,00050,611,066,00074,125,198,000180,716,479,000381,961,063,000797,176,984,0001,171,968,728,000
Net income
77.16b
+56.85%
896,092,0001,049,839,000911,858,0001,294,741,0001,133,362,0001,304,314,0001,423,451,0001,652,474,0001,805,677,0001,948,588,0002,789,918,0003,932,432,0004,544,278,0003,369,359,0006,337,453,0005,165,856,00026,563,341,00031,655,931,00049,192,844,00077,158,893,000
CFO
28.96b
-90.69%
-4,418,917,000-742,696,0002,028,021,0009,590,547,000-1,655,002,000-1,823,482,000-4,329,246,000-327,212,00093,823,000-613,073,000-189,508,0006,343,619,0007,637,897,00013,539,337,00065,021,903,00027,499,593,00075,093,969,000104,024,808,000311,197,741,00028,960,612,000
Dividend
Aug 16, 20181.98377 TRY/sh

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Profile

Türkiye Vakiflar Bankasi Türk Anonim Ortakligi, alongside its various subsidiaries, delivers a broad spectrum of banking and financial services both within Turkey and across international markets. These services cater to corporate, commercial, small business, retail, and investment clientele. The bank offers a comprehensive suite of financial products, including various deposit options (time, demand, and accumulating accounts) and a wide array of lending solutions. These encompass consumer, automobile, housing, and working capital loans, alongside specialized financing such as foreign currency indexed loans, gold loans, Eximbank facilities, pre-export loans, and ECA-covered financing. Trade finance instruments like letters of guarantee, letters of credit, export factoring, acceptance credits, and draft facilities are also available, in addition to discounted bills and overdraft services. Further extending its offerings, the institution provides services such as forfeiting, leasing arrangements, and derivative products like forwards and futures. It facilitates salary payments, offers investment accounts, cheque services, safety deposit boxes, tax collection, bill payment, and payment order services, alongside a range of insurance products. Corporate, commercial, and retail customers benefit from foreign trade transaction support, cash management solutions, credit cards, and diverse investment vehicles. For small businesses, particularly those in the retail and service sectors, tailored banking services include overdraft facilities, POS machines, credit and debit cards, cheque books, Turkish Lira and foreign currency deposits, and access to internet banking and call center support. In the realm of capital markets, Türkiye Vakiflar Bankasi conducts various transactions, issues capital market instruments, and engages in the purchase and sale of marketable securities. It also delivers investment consultancy and portfolio management services, in addition to directly investing in marketable debt and equity securities, gold, and other precious metals. As of December 31, 2021, the bank maintained an extensive operational footprint, with 936 branches throughout Turkey, supplemented by four international branches located in New York, Bahrain, Qatar, and Erbil. Established in 1954, Türkiye Vakiflar Bankasi Türk Anonim Ortakligi is headquartered in Istanbul, Turkey, and operates as a subsidiary of the Ministry of Treasury and Finance.

Related entities

Subsidiaries (5)
VAKIF FAKTORİNG ANONİM ŞİRKETİ
VAKIF YATIRIM MENKUL DEĞERLER ANONİM ŞİRKETİ
VakifBank International AG
Branches
TURKIYE VAKIFLAR BK NY BR

Key people

Mustafa Saydam
Non-Executive Chairman of the Board · since 2021
Cemil Ertem
Non-Executive Deputy Chairman of the Board of Directors · since 2020
Hazim Akyol
Executive Vice President - Credit Allocation Management · since 2024
Muhammet Celebi
Executive Vice President - Affiliates and Subsidiaries · since 2024
Arif Cokcetin
Executive Vice President - Credit Monitoring, Financial Analysis and Rating · since 2024
Mikail Hidir
Executive Vice President - Legal Affairs and Liquidation · since 2024
Kadir Karatas
Executive Vice President - Support Services · since 2021
Ferkan Merdan
Executive Vice President - Digital Banking, Customer Experience and Corporate Communications · since 2020
Muhammed Ozkan
Executive Vice President - Treasury Management, International Banking · since 2022
Alaattin Simsek
Executive Vice President - Corporate, Commercial, SME and Micro SME Banking Marketing and Credit Policies · since 2024
Mustafa Turan
Executive Vice President - Retail, Deposit Marketing and Payment Systems · since 2022
Executive Vice President - Information Technologies and Operational · since 2006
Chief Executive Officer, Executive Member of the Board of Directors · since 2024
Suayyip Ilbilgi
Executive Vice President - Human Resources, Corporate Development, Financial Management and Strategy · since 2024
Adnan Ertem
Non-Executive Member of the Board of Directors · since 2010
Sahin Ugur
Non-Executive Member of the Board of Directors · since 2017
Abdulkadir Aksu
Independent Non-Executive Member of the Board of Directors · since 2021
Halil Celik
Independent Non-Executive Member of the Board of Directors · since 2024
Haydar Kurt
Independent Non-Executive Member of the Board of Directors · since 2022
Sadik Yakut
Non-Executive Independent Member of the Board of Directors · since 2021
IPO date
Nov 18, 2005
Employees
16,792
Domiciled in
TR
Incorporated in
TR
Headquarters & legal address
Finanskent Mahallesi, Finans Caddesi No:40/1 Kat:34 Ümraniye/İstanbul
İSTANBUL 34760
TR

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