Denizbank
| DenizBank A.Ş. | |
|---|---|
|
|
| Country |
 Turkey
|
| Seat | Istanbul |
| legal form | Public Company (Turkey) |
| ISIN | TREDZBK00015 |
| BIC | DENITRISXXX |
| founding | 1997 |
| Website | www.denizbank.com |
| Business data 2017 | |
| Employee | 14,853 |
| management | |
| Board | Hakan Ateş ( Chairman ) |
| Supervisory board | Herman Gref ( Chairman ) |
DenizBank A.Ş. is a private credit institution in Turkey that was 99.85% owned by the Russian banking group Sberbank from 2012 to 2018 and has been part of Emirates NBD since then .
history
DenizBank was founded in 1938 as a state bank to finance the then growing Turkish maritime industry . In 1992 the then Turkish government decided to consolidate a certain number of banks in state ownership. DenizBank merged with EmlakBank.
In 1997 the Turkish government made the decision to privatize the bank to 100% and it was put out to tender with no significant investments other than 3 branches. Zorlu Holding acquired the bank from the Turkish Privatization Agency in 1997 for $ 70 million and began operations in September of the same year. With the revitalization program, new branches were opened under the new name. The expansion was supported by the acquisition of branches of other banks, especially Tarişbank in 2002. DenizBank also expanded into the international market with takeovers and the establishment of banks in Austria , Russia and the Turkish Republic of Northern Cyprus .
In 2003 DenizBank Financial Services Group (DFSG) was founded to create an umbrella company that offers a wide range of financial services. The product range was expanded by opening up areas such as investment banking , brokerage , factoring and leasing .
In October 2006 DenizBank was acquired by Dexia. On May 31, 2006, the Belgian bank Dexia , then one of the leading financial groups in Europe, initially took over 75% of the shares in Zorlu Holding for $ 2.437 billion. After getting into massive financial difficulties in the wake of the financial crisis, Dexia Holding sold DenizBank to Sberbank , Russia's largest bank, for EUR 2.79 billion on September 28, 2013 .
On July 1, 2013, Citibank Turkey's private customer business portfolio with more than 600,000 customers and almost 1,400 employees was transferred to DenizBank.
On September 20, 2010 DenizBank had a total of 489 branches. In 2017 DenizBank had 740 branches internationally and more than 14,700 employees. In Germany, DenizBank has branches in 16 cities: Augsburg, Berlin, Dresden, Duisburg, Dortmund, Düsseldorf, Essen, Frankfurt, Hamburg, Karlsruhe, Cologne, Leipzig, Mannheim, Munich, Stuttgart and Wiesbaden.
DenizBank Financial Services Group
DenizBank Financial Services Group (“the Group”) consists of DenizBank, five domestic and three international subsidiaries, six domestic non-financial subsidiaries and a branch in Bahrain. Deniz Investment Securities, Deniz Real Estate Investment Trust, DenizPortfolio Management, DenizLeasing, DenizFactoring, Intertech, DenizKältür, Ekspres Bilgi İşlem ve Ticaret, Deniz Kartlı Ödeme Sistemleri, Açık Deniz Radyo-TV and Bantaş are domestic subsidiaries of the group, while EurizBank AG and DenizBank Moscow are their international subsidiaries.
The group has a service network that reaches all segments of the company across Turkey. In addition, DenizBank's alternative sales channels enable both private and corporate customers around the world to conduct financial transactions over the Internet.
| No. | Company name | country | Industry |
|---|---|---|---|
| 1 | DenizBank A.Ş. | Turkey | Banking |
| 2 | DenizBank AG | Austria | Banking |
| 3 | CJSC Denizbank Moscow | Russia | Banking |
| 4th | Deniz Finansal Kiralama A.Ş. | Turkey | Finance leasing |
| 5 | Deniz Faktoring A.Ş. | Turkey | Factoring |
| 6th | Deniz Yatırım Menkul Kıymetler A.Ş. | Turkey | Securities |
| 7th | Intertech Bilgi İşlem ve Pazaralama Ticaret A.Ş. | Turkey | EDP / Computing |
| 8th | Ekspres Yatırım Menkul Değerler A.Ş. | Turkey | Securities |
| 9 | Deniz Portföy Yönetimi A.Ş. | Turkey | Portfolio management |
| 10 | Deniz Kültür Sanat Yayıncılık Ticaret ve Sanayi A.Ş. | Turkey | Art and culture publisher |
| 11 | Deniz Gayrimenkul Yatırım Ortaklığı A.Ş. | Turkey | Trust company |
| 12 | Euro Deniz International Banking Unit Limited | Turkish Republic of Northern Cyprus | Offshore banking |
| 13 | Açık Deniz Radyo ve Televizyon İletişim Yayıncılık Ticaret ve Sanayi A.Ş. | Turkey | Radio and television |
| 14th | Deniz Immobilien Service GmbH | Austria | Real estate leasing and management services |
| 15th | Deniz Kartlı Edema Sistemleri A.Ş. | Turkey | Card payment systems |
Business figures
As of September 2017
| Balance sheet total (TRL million) | 151.977 |
| Equity (TRL million) | 17,225 |
| Net Income (TRL Millions) | 1,416 |
| Number of branches | 740 (including foreign branches) |
| Employee | 17,773 |
| Number of customers (millions) | 10.3 |
DenizBank ownership structure
As of September 2017
| owner | Capital (TRL) | Capital share (TRL) |
|---|---|---|
| Sberbank of Russia | 3.311.211.134 | 99.85% |
| Other | 157 | 0.00% |
| Listed on the stock exchange | 4,888,709 | 0.15% |
| TOTAL | 3,316,100,000 | 100% |
On May 22, 2018, Sberbank agreed to sell all of its shares in Emirates NBD .
Products and services
-
Banking
- Retail banking
- Private banking
- Corporate business
- Corporate banking
- Commercial banking
- public finances
- Agriculture Banking
- Expat banking
- Loans
- Wealth management
- Credit cards
- Insurance
Presence in the media
The bank hit the headlines in Austria after two employees murdered a customer in 2012 after embezzling his money. In 2015, the former Denizbank employees were sentenced to long prison terms.
In 2017, the Austrian media reported on a ruling by the Vienna Higher Regional Court following a lawsuit by the Association for Consumer Information , according to which 24 clauses in Deniz Bank terms and conditions are unlawful because they are opaque and grossly discriminate customers.
In 2018 it became known that the Austrian Denizbank had lent 8.2 billion euros in loans to corporate customers in Turkey. Due to the decline of the Turkish lira, the financial market regulator worried about the intrinsic value of these loans. After Sberbank sold DenizBank to Emirates NBD for 3.2 billion dollars, there was speculation in the media about possible renegotiations of the deal due to the Lira crisis. Ultimately, this reduced the purchase price to $ 2.75 billion.
Web links
Individual evidence
- ↑ Entry in the BIC directory at SWIFT
- ↑ [1] Website of DenizBank A.Ş.
- ↑ a b c DenizBank Annual Report 2016. Accessed January 28, 2018 (English).
- ^ Sberbank and Emirates NBD sign definitive agreement for the sale and purchase of 99.85% of shares in Denizbank AS
- ↑ Denizbank Has Acquired consumer banking business of Citi Turkey. Accessed January 30, 2018 .
- ↑ DenizBank A.Ş. Annual Report 2010. Accessed January 30, 2018 .
- ↑ a b About Us | DenizBank. Accessed January 30, 2018 .
- ↑ Kamu Aydınlatma Platformu (Public Disclosure Forum). Retrieved January 30, 2018 (Turkish).
- ↑ DenizBank AG (in German)
- ↑ CJSC Denizbank Moscow (in English)
- ↑ Deniz Finansal Kiralama. Retrieved January 30, 2018 .
- ↑ Deniz factoring. Retrieved January 30, 2018 .
- ↑ Deniz Yatırım Menkul Kıymetler. Retrieved January 30, 2018 (Turkish).
- ↑ Intertech.com.tr ( Memento of the original from February 20, 2011 in the Internet Archive ) Info: The archive link was inserted automatically and has not yet been checked. Please check the original and archive link according to the instructions and then remove this notice. (Turkish); Company Overview of Intertech Bilgi Islem ve Pazarlama Ticaret AS In: Bloomberg.com (English).
- ↑ EkspresInvest Menkul Kıymetler A.Ş. ( Memento of September 4, 2011 in the Internet Archive ) (in English)
- ↑ Deniz Portföy Yönetimi A.Ş. Retrieved January 30, 2018 (Turkish).
- ↑ Deniz Gayrimenkul Yatırım Ortaklığı A.Ş. Retrieved January 30, 2018 (Turkish).
- ↑ DenizBank Shareholder Structure. Retrieved January 30, 2018 .
- ↑ Millionaire lured into deadly trap. Kleine Zeitung from April 26, 2015.
- ↑ Halil net Der Spiegel from August 1, 2015, can be fragmented
- ^ Judgment of the second instance: 24 clauses in Deniz-Bank-AGB are unlawful. The December 14, 2017 standard .
- ↑ FMA has its sights on Turkish banks. The press of August 21, 2018.
- ↑ Emirates NBD to buy Turkey's Denizbank for $ 2.75 billion. gulfnews.com from April 3, 2019.
