Our Bank was established with the Law numbered 6219 dated January 11, 1954, with a capital of TL 50 million to utilize the assets of foundations in the most efficient manner, to contribute to the savings of the country with the management and working understanding required by modern banking, and to use the collected savings in accordance with the needs of economic development. Our Bank, which is subject to the provisions of private law, started its operations on April 13, 1954. Since then, we continue to make important contributions to the growth and development of the country’s economy, and we represent a well-established tradition and experience in our country’s banking system.
In addition to providing core banking products and services, we also conduct investment banking and capital markets operations. We also deliver a wide range of financial services including financial leasing and factoring through our financial subsidiaries with advanced technologies.
With our leading stance in international capital markets, we continue our work without slowing down and continue to focus on long-term and cost-effective funding alternatives under various structures.
Also, we play an important role in the Turkish financial sector as an important corporation with our contributions to sports and culture and arts for many years with social responsibility awareness.
Türkiye Vakıflar Bankası T.A.O. Ownership Structure and Changes
The shareholding structure of the Parent Bank is as follows as of December 31, 2022.
| Shareholder - December 31, 2022 | Number of Shares (100) | Total Nominal Amount of the Share (Thousand TL) | Share Ratio (%) |
| Ministry of Treasury and Finance (Group A) | 1,075,058,640 | 1,075,058 | 15.12 |
| Ministry of Treasury and Finance (Group B) | 387,673,328 | 387,673 | 5.45 |
| Other Annexed Foundations (Group B) | 2,591,250 | 2,591 | 0.04 |
| VakıfBank Pension Fund (Group C) | 402,552,666 | 402,553 | 5.66 |
| Other Natural and Legal Persons (Group C) | 1,527,393 | 1,528 | 0.02 |
| Türkiye Wealth Fund (Group D) | 4,611,364,117 | 4,611,364 | 64.84 |
| Free Float (Group D) | 630,596,723 | 630,597 | 8.87 |
| TOTAL | 7,111,364,117 | 7,111,364 | 100.00 |
The shareholding structure of the Parent Bank before the changes is shown below.
| Shareholder - December 31, 2021 | Number of Shares (100) | Total Nominal Amount of the Share (Thousand TL) | Share Ratio (%) |
| Ministry of Treasury and Finance (Group A) | 1,075,058,640 | 1,075,058 | 27.52 |
| Ministry of Treasury and Finance (Group B) | 387,673,328 | 387,673 | 9.93 |
| Other Annexed Foundations (Group B) | 2,591,250 | 2,591 | 0.07 |
| VakıfBank Pension Fund (Group C) | 402,552,666 | 402,553 | 10.31 |
| Other Natural and Legal Persons (Group C) | 1,527,393 | 1,528 | 0.04 |
| Türkiye Wealth Fund (Group D) | 1,405,622,490 | 1,405,622 | 35.99 |
| Free Float (Group D) | 630,596,723 | 630,597 | 16.14 |
| TOTAL | 3,905,622,490 | 3,905,622 | 100.00 |
You may find further information on the changes in the shareholding structure of the Parent Bank at https://www.kap.org.tr/en/Bildirim/1008765 and https://www.kap.org.tr/en/Bildirim/1011176
Information on the Bank’s Qualified Shareholders
| Full Name / Commercial Title | Share Amount (Nominal) | Share Ratios | Paid-up Shares (Nominal) | Unpaid Shares |
| Ministry of Treasury and Finance (Group A) | 1,075,059 | 15.12 | 1,075,059 | - |
| Ministry of Treasury and Finance (Group B) | 387,673 | 5.45 | 387,673 | - |
| VakıfBank Pension Fund (Group C) | 402,553 | 5.66 | 402,553 | - |
| Türkiye Wealth Fund (Group D) | 4,611,364 | 64.84 | 1,405,622 | - |
- Shares Owned by the Chairman, Board Members, General Manager and Executive Vice Presidents
Compliance with the “Guide on Best Remuneration Practices at the Banks” published by the Banking Regulation and Supervision Agency (BRSA) was completed on 01.01.2020.
Senior management and personnel considered to be performing a function that has a significant impact on the Bank’s risk profile are considered special employees. You may find the explanations made within this scope at https://www.kap.org.tr/en/Bildirim/996676 and https://www.kap.org.tr/en/Bildirim/1043276.
- Disclosures Made to Borsa Istanbul within the Context of Informing Shareholders
Pursuant to the CMB Communiqué on Material Events Disclosure (II-15.1), the Bank recorded 285 material event disclosures in 2022 on issues affecting the Bank and its operations. These disclosures were concurrently published on the Public Disclosure Platform (https://www.kap.org.tr/en/) and the Bank’s website (https://www.vakifbank.com.tr/recent-news.aspx?pageID=624)
GRI 2-1