USA released a Turkish “daughter” of the Savings Bank of the sanctions – BBC Russian

USA released a Turkish "daughter" of the Savings Bank of the sanctions – BBC Russian

• October 7, 2014

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At the time of acquisition of the Savings Bank of Denizbank is the ninth largest bank assets in Turkey

Ministry of Finance of the United States brought the Turkish DenizBank, fully controlled by Russian Sberbank, from the application of sectoral sanctions against Russian financial institutions.

At the disposal of the American Treasury said the unblocking of all transactions Sberbank acquired Turkish bank and its subsidiaries.

At present, Russia’s largest bank by asset value subject to sanctions, last updated American Ministry of Finance on 12 September. They include restrictions on the exercise of all the transactions and obtaining debt financing for a period longer than 30 days.

The restrictions apply to all controlled Sberbank structure.

By the time the sanctions list in the United States have been five Russian state-owned banks, “Bank of Moscow”, VTB, VEB, Gazprombank, the Agricultural Bank.

the United States, the EU, Japan, Australia, Canada and Switzerland at different times introduced several packages of sanctions against Russian legal entities and individuals in connection with the Ukrainian conflict.

Fifth-sized private bank in Turkey

The largest bank of Russia signed an agreement to purchase the assets of Turkish bank DenizBank for $ 3.5 billion in the summer in 2012.

In a seller then made the Franco-Belgian financial group Dexia.

At the time, DenizBank was fifth largest private-sector bank in Turkey and the ninth volume of the consolidated assets of the bank in the country .

Earlier, on the basis of DenizBank group was formed DenizBank Financial Services, which has become, as reported in the press release of the Savings Bank, “supermarket” of financial services with 685 branches in 81 provinces in the country and abroad, which has about 14 thousand. employees.

The Group serves private clients, small and medium businesses, exporters, corporate clients. DenizBank Financial Services operates in markets such as agriculture, energy, tourism, education, health care, sports, infrastructure and maritime transport.

In 2010, as reported by the media, as part of a group is an offshore unit registered in the self-proclaimed Turkish Republic of Northern Cyprus.