DenizBank A.Ş. is a large private bank in Turkey. It is currently owned by Emirates NBD. It was owned and controlled by leading Russian bank Sberbank from 2012 to 2019. European financial services institution Dexia was the owner before this.
Operations commenced in a hotel room in August that year, and the bank moved into its new headquarters in Karaköy the following month. Its first 13 branches (5 outside Istanbul) were also opened.[1] With a revitalization program initiated, branches were opened under a new corporate identity. Expansion was supported by the acquisition of branch offices from other banks, including Tarişbank in 2002. Internet banking was introduced in 1999, and Deniz Yatırım was founded in 2001.[1]
On May 31, 2006, Dexia announced it had acquired a 75% stake in the company for US$2.437 billion. The remaining 25% of the shares were held publicly. It remained the primary shareholder until 2012, when Sberbank agreed to buy DenizBank for US$3.6 billion from the financially troubled Dexia. [2][3][4]
Emirates NBD agreed to buy DenizBank from Sberbank in 2018. The deal was completed in July 2019.[5]
Shareholdersedit
As of July 2019, the only shareholder of the bank is Emirates NBD (99.85% of shares).[5]
Companies sold under agreement with the EUedit
Due to Dexia's agreement with the European Union, certain businesses were required to be sold. The ones sold from the DFSG are listed below.[6]
^ abc"DenizBank'ın 20 yıllık Türkiye yolculuğu". Sözcü (in Turkish). 2017-08-03. Retrieved 2018-04-27.
^Sberbank Said To Buy Dexia Unit Denizbank For $3.6 Billion. Bloomberg. Retrieved on 2012-06-07.
^Dalton, Matthew (10 October 2011). "France, Belgium Reach Pact on Ailing Dexia". The Wall Street Journal. Retrieved 2011-10-10.
^Belgium Paying EU4 Billion for Dexia Belgian Unit, Reynders Says. Bloomberg. Retrieved on 2011-10-11.
^ ab"Completion of the sale and purchase of 99.85% of the shares in DenizBank A.Ş. By Emirates NBD from Sberbank of Russia — СберБанк".
^. Association des Banques et Banquiers, Luxembourg. Archived from the original on 2012-04-22. Retrieved 2011-10-02.
^"Dexia Sells 99.86% Stake In Turkey's DenizEmeklilik To MetLife"[permanent dead link], by Inti Landauro, Fox Business, June 27, 2011, Retrieved October 2, 2011.
^"Denizbank A.S. Sells Deniz Turev Menkul Degerler A.S.", by Reuters Ticker, Reuters U.S. Edition, July 20, 2011, Retrieved October 2, 2011.
External linksedit
Wikimedia Commons has media related to DenizBank.
Official website
Group Dexia official website
DenizYatırım Menkul Kıymetler A.Ş. (Deniz Investment Securities) (in Turkish, with English language available)
DenizBank AG (in German)
(in English)
CJSC Dexia Bank Russia (in English)
(in Turkish only)
(in English)
January 01, 1970
denizbank, large, private, bank, turkey, currently, owned, emirates, owned, controlled, leading, russian, bank, sberbank, from, 2012, 2019, european, financial, services, institution, dexia, owner, before, this, company, typeanonim, şirkettraded, asbist, deniz. DenizBank A S is a large private bank in Turkey It is currently owned by Emirates NBD It was owned and controlled by leading Russian bank Sberbank from 2012 to 2019 European financial services institution Dexia was the owner before this DenizBank A S Company typeAnonim SirketTraded asBIST DENIZIndustryFinancial servicesFounded1997 in IstanbulHeadquartersSisli Istanbul TurkeyNumber of locations740 branches5 612 ATMs 2017 Area servedTurkeyKey peopleHakan Ates CEOProductsBankingInvestment bankingInvestment managementNumber of employees14 136 2017 ParentEmirates NBDWebsitedenizbank wbr com Contents 1 History 2 Shareholders 2 1 Companies sold under agreement with the EU 2 2 Companies sold 3 See also 4 References 5 External linksHistory editOperations commenced in a hotel room in August that year and the bank moved into its new headquarters in Karakoy the following month Its first 13 branches 5 outside Istanbul were also opened 1 With a revitalization program initiated branches were opened under a new corporate identity Expansion was supported by the acquisition of branch offices from other banks including Tarisbank in 2002 Internet banking was introduced in 1999 and Deniz Yatirim was founded in 2001 1 2002 saw the bank move into its new headquarters in Esentepe Sisli and the acquisition of Tarisbank The bank s IPO on the Istanbul stock exchange took place in 2004 1 On May 31 2006 Dexia announced it had acquired a 75 stake in the company for US 2 437 billion The remaining 25 of the shares were held publicly It remained the primary shareholder until 2012 when Sberbank agreed to buy DenizBank for US 3 6 billion from the financially troubled Dexia 2 3 4 Emirates NBD agreed to buy DenizBank from Sberbank in 2018 The deal was completed in July 2019 5 Shareholders editAs of July 2019 the only shareholder of the bank is Emirates NBD 99 85 of shares 5 Companies sold under agreement with the EU edit Due to Dexia s agreement with the European Union certain businesses were required to be sold The ones sold from the DFSG are listed below 6 Name of Company Country Industry Deniz Emeklilik ve Hayat A S 7 Turkey Pension and Life Insurance Companies sold edit Name of Company Country Industry Deniz Turev Menkul Degerler A S 8 Turkey SecuritiesSee also edit nbsp Banks portal List of banks in Turkey List of companies of TurkeyReferences edit a b c DenizBank in 20 yillik Turkiye yolculugu Sozcu in Turkish 2017 08 03 Retrieved 2018 04 27 Sberbank Said To Buy Dexia Unit Denizbank For 3 6 Billion Bloomberg Retrieved on 2012 06 07 Dalton Matthew 10 October 2011 France Belgium Reach Pact on Ailing Dexia The Wall Street Journal Retrieved 2011 10 10 Belgium Paying EU4 Billion for Dexia Belgian Unit Reynders Says Bloomberg Retrieved on 2011 10 11 a b Completion of the sale and purchase of 99 85 of the shares in DenizBank A S By Emirates NBD from Sberbank of Russia SberBank Dexia Positive outcome from European Commission negotiations Association des Banques et Banquiers Luxembourg Archived from the original on 2012 04 22 Retrieved 2011 10 02 Dexia Sells 99 86 Stake In Turkey s DenizEmeklilik To MetLife permanent dead link by Inti Landauro Fox Business June 27 2011 Retrieved October 2 2011 Denizbank A S Sells Deniz Turev Menkul Degerler A S by Reuters Ticker Reuters U S Edition July 20 2011 Retrieved October 2 2011 External links edit nbsp Wikimedia Commons has media related to DenizBank Official website Group Dexia official website DenizYatirim Menkul Kiymetler A S Deniz Investment Securities in Turkish with English language available DenizBank AG in German EkspresInvest Menkul Kiymetler A S in English CJSC Dexia Bank Russia in English Deniz Emeklilik ve Hayat A S Deniz Pension and Life Insurance in Turkish only DenizBank Bahrain Intertech Bilgi Islem ve Pazarlama Ticaret A S in English Retrieved from https en wikipedia org w index php title DenizBank amp oldid 1217891998, wikipedia, wiki, book, books, library,
