Sberbank has no plans to sell its subsidiary bank in Turkey – RIA Novosti

20:33 14.06.2016

(updated: 20:45 14.06.2016 )

172 0 3

MOSCOW, June 14 – RIA Novosti Sberbank has no plans to sell its subsidiary bank in Turkey -. DenizBank, its sales message does not correspond to reality, said deputy chairman of Sberbank Svetlana Sagaidak

. Reuters reported earlier with reference to the four sources in the banking circles that Sberbank is considering selling its Turkish “daughter” DenizBank. According to them, the Savings Bank had already met with investment banks, but some of them refuse to participate in the sale of DenizBank for sanctions against Russia

“Sales information DenizBank does not correspond to reality,” -. Said Sagaidak RIA Novosti through the press service of the Savings Bank.

DenizBank is the most profitable foreign assets of the Savings Bank group, the net profit of the Turkish “daughter” was 293 million YTL in the first quarter, the bank recently was to capitalize, she said. “Recently, the Savings Bank of the increase in DenizBank capital was implemented This will allow our foreign daughter to support major investments aimed at ensuring the sustainable development of the country and to advance with resolute steps to the heights of the banking sector.” -. Said Sagaidak

“Moreover we focus on the processes and technologies to synchronize, in the long-term development of best practices and synergies in the business, as well as to optimize the business model to focus bias aside for digital banking “, – added the Deputy Chairman of the Board of Sberbank

DenizBank has. 738 branches and about 15,000 employees in 81 provinces of Turkey and abroad. The Bank’s assets in the first quarter of 2016 increased by 16% and reached 115 billion TL, has specified a top manager.

Earlier in May, deputy chairman of Sberbank Alexander Morozov said that despite the fact that Sberbank managed to bring DenizBank from under US sanctions, there is no news on the lifting of European sanctions DenizBank. He noted that the European sanctions against the Savings Bank Group will be reviewed at the end of the year, maximum, at the beginning of next year.

Sberbank acquired Turkish DenizBank in 2012. Financial investments in Denizbank Sberbank capital in 2015 increased by 11.928 billion rubles – up to 132.472 billion rubles, Sberbank Europe AG – to 15.453 billion rubles to 77.893 billion rubles. The pre-tax loss of Sberbank of international business according to IFRS amounted to 5.5 billion rubles in 2015, while Denizbank a profit of about 25 billion rubles, and Sberbank Europe turned out to be loss-making.