VakifBank's cost to income ratio reached 50.5% in 2017, up from 49.7% compared to the previous year.
Historically, the bank’s costs reached an all time high of 110% of income in 2001 and an all time low of 48.7% in 2009.
When compared to total assets, bank's cost amounted to 2.53% in 2017, up from 2.43% a year earlier.
Staff accounted for 35.1% of total operating expenditures in 2017. The bank operated a network of 927 branches and employed 16,097 persons in 2017.
Comparing VakifBank with its closest peers, Isbank operated in 2017 with a cost to income ratio of 54.7% in 2017, Garanti Bank reached 38.8% and Yapi Kredi Bank some 42.5%.
You can see all the bank’s data at VakifBank Profile, or you can download a report on the bank in the report section.
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