Sberbank announces losses from sale of Denizbank

Russia’s top bank Sberbank reported a 32% fall in third-quarter net profit, hurt by a foreign exchange loss due to the sale of Denizbank in Turkey. Sberbank sold Denizbank to Emirates NBD Group for 170.7 billion rubles ($2.7 …

Sberbank completes sale of DenizBank

Sberbank announces that it has completed the sale of its entire 99.85% stake in DenizBank to Emirates NBD Bank. In line with the sale and purchase agreement, the total revenue is 170.7 billion rubles, while Sberbank's …

Sberbank to complete sale of Denizbank in H1 2019

Russian state lender Sberbank plans to complete the sale of Turkey’s Denizbank in the first half of the year, Sberbank said in a filing. Sberbank, Russia’s biggest bank by assets, bought Denizbank in 2012 for around $3.5 …

Sberbank sells Denizbank to Emirates NBD

Emirates NBD has agreed to buy Turkish lender Denizbank for 14.6 billion liras ($3.19 billion) from Russia’s Sberbank. Emirates NBD said in January it had started initial strategic talks with Sberbank about a possible purchase of …

Sberbank may sell Denizbank to Emirates NBD

Sberbank, Russia's largest bank, said that it was in talks with Dubai banking group Emirates NBD over selling Denizbank. "Discussions are at an early stage. At the current time there is no exact information on whether a deal …

Rubles to be taken in Turkey as payment

Russian Sberbank and Turkish Denizbank intend to implement the ruble payment system in the agricultural and tourism sectors, the CEO of Denizbank, Hakan Atesh said. According to him, the relations between Russian and Turkish banks …