VakıfBank first started operating in 1954, for the purposes of best utilizing the foundational monies, incomes and also contributing to the savings of the country with the management and operation. Understanding to ensure the requirements are met of modern banking, also protecting the collected savings and utilizing them according to the requirements of the economic development.

VakıfBank is an integrated financial services group operating in every segment of the sector including corporate, commercial, payment systems, retail, private and investment banking together with its subsidiaries in pension and life insurance, leasing, factoring, brokerage, and asset management

VakıfBank has been reaching out its corporate and individual customers in a most efficient manner through its internet branches, telephone banking branch, 2.640 ATM's and 100.183 units of POS that constitute its alternative distribution channels, as well as 750 branches and undertaking a leading role in the financing of domestic and foreign trade. VakıfBank has three international branches located in New York, Bahrain and Erbil. VakıfBank also has its subsidiary in Austria known as; VakıfBank International AG which has branches in Vienna, Cologne and Frankfurt.