Established in 1999, VakıfBank International AG is a subsidiary of Turkiye Vakiflar Bankasi TAO which controls 90% of Vakif Bank International shares capital. The rest 10% are owned by the pension fund of Türkiye Bankasi TAO Vakiflar, Ankara.
Vakif Bank International AG offers a broad range of traditional banking services such as current accounts and savings accounts, corporate and retail loans and transfer of funds. Vakif Bank offers a special service - rapid and cost-effective payment transfers from Austria to Turkey.
VakifBank International AG is the 92nd largest bank in Austria in terms of total assets. In 2018 its total assets were 921,22 mln EUR, providing the bank with the market share of 0.11%. VakifBank International AG is the 19th largest joint stock bank and private bank in Austria (out of 36 joint stock banks and private banks) having market share of 0.42% amongst the banks of this category. In 2018 the bank's net income was 8,09 mln EUR.
VakifBank International AG participates in the deposit guarantee scheme of Austria. This deposit guarantee scheme applies to all balances on bank accounts made by natural persons (Austrian and foreign), legal entities (Austrian and foreign) and covers up to up to 100,000 EUR per bank per depositor. VakifBank International AG is a member of Einlagensicherung AUSTRIA Ges.m.b.H (ESA) and makes its contributions into it.
VakifBank International AG is headquartered in Wien.