 VakifBank has two international offices located in New York and Bahrain and it also has participation in Austria named "VakifBank International AG" which has branches in Vienna, Cologne and Frankfurt.VakıfBank was founded on April 13, 1954 under the special law "Türkiye Vakıflar Bankası Türk Anonim Ortaklığı Kanunu".VakıfBank’s initial purpose was the management of the cash revenues and expenditures of the charitable foundations set up during the Ottoman Empire period.