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 Aug 31, 2026, the latest employee count at VakıfBank is 12100.

Is VakıfBank a funded company?

VakıfBank is a funded company, having raised a total of $***** in its 1st and only funding round, a Conventional Debt round on May 07, 2018.

When was the latest funding round of VakıfBank?

VakıfBank's latest funding was a $***** Conventional Debt round on May 07, 2018, with participation from 0 investor.

Where does VakıfBank rank among its competitors?

VakıfBank ranks 6th amongst 63 active competitors, none of which are funded.

Who are the top competitors of VakıfBank?

VakıfBank's top competitors include Bank of America, Scotiabank and Garanti BBVA. Among them, Bank of America secured the most recent funding round in April, 2025.

VakıfBank - 2026 Company Profile, Funding & Competitors

Company Details

VakıfBank is a commercial bank serves personal, commercial, corporate and individuals. Offers credit, cards, investment, deposit, payments, branchless banking, salary payments, loans, foreign trade, business cards, cash management, environmental banking, pension, and insurance. In 2022, the company recorded annual revenues of $8.49B and a net profit of $0.61B

Website: www.vakifbank.com.tr/tr
Social
Phone Number: +90 **********

Key Metrics

Founded Year

1954

Location

Istanbul, Turkey

Stage

Public

Latest Funding Round

Conventional Debt, May 07, 2018, $*****

Investors

Taaleri & 1 more

Ranked

6^th among 63 active competitors

Employee Count

12,100 as on Aug 31, 2026

Investment & Acquisitions

Borusan Holding & 1 more

Similar Companies

Standard Chartered & 20423 more

Exit Details

Public

View VakıfBank's full profile

VakıfBank got listed on Dec 02, 2019.

Click here to take a look at VakıfBank's IPO in detail

VakıfBank has raised funding over 1 round. VakıfBank has 2 institutional investors.

Here is the list of recent funding rounds of VakıfBank:

Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
May 07, 2018	4575605	Conventional Debt	3105922	5652035	9085752	6069227

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View details of VakıfBank's funding rounds and investors

VakıfBank's employee count trend

VakıfBank has 12,100 employees as of Aug 26. Here is VakıfBank's employee count trend over the years:

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Top competitors of VakıfBank include Bank of America, Scotiabank and Garanti BBVA. Here is the list of Top 10 competitors of VakıfBank, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Bank of America 1998, Charlotte (United States), Public	Commercial bank and asset management firm	-	Berkshire Hathaway, Black Capital Investments ... & 5 others	76/100
2nd	Scotiabank 1832, Toronto (Canada), Public	Commercial bank	-	Seaside Private Capital, Colpatria	70/100
3rd	Garanti BBVA 1946, Istanbul (Turkey), Acquired	Commercial bank providing multiple services for consumers	-	-	70/100
4th	DenizBank 1938, Istanbul (Turkey), Acquired	Commercial Bank	-	-	65/100
5th	UniCredit 1998, Milan (Italy), Public	Commercial bank	-	B Capital Fund, Mubadala & 3 others	65/100
6th	VakıfBank 1954, Istanbul (Turkey), Public	Commercial bank	-	Taaleri, TVF	64/100
7th	Akbank 1948, Istanbul (Turkey), Public	Commercial bank with presence in turkey	-	Citi	63/100
8th	Odeabank 2012, Sisli (Turkey), Acquired	Commercial bank	-	IFC Asset Management Company, FMO & 2 others	61/100
9th	Turkiye is Bankasi 1924, Istanbul (Turkey), Public	Commercial bank with presence in Turkey	-	Taaleri	61/100
10th	Vakıf Katılım Bankası 2015, Istanbul (Turkey), Unfunded	Commercial bank	-	-	60/100