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.
Becoming a client of VakifBank International AG can be done in a few steps:
Due to regulatory requirements VakifBank International AG performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual VakifBank International AG will ask him/her to provide the following documents: passport; proof of address. For corporate clients VakifBank International AG will ask to provide corporate documentation as well as information about controlling persons. VakifBank International AG may request additional documentation or information depending on the case. VakifBank International AG performs client's identity verification via branch visit.
In 2019 total assets of VakifBank International AG were 820,30 mln EUR. In 2019 the bank's net income was 8,15 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.