About Us

DenizBank was founded in 1938 as a state-owned bank in order to provide funding for the developing Turkish maritime sector. In early 1997, the Bank was acquired by Zorlu Holding from the Privatization Administration as a banking license. It was acquired in October 2006 from the Zorlu Group by Dexia, a leading financial group in Europe; DenizBank currently operates under the Dexia umbrella.

From a solo bank to a large financial services group

Following privatization, parallel to its new corporate identity, the Bank implemented a “return to life” program that encompassed recruitments and new branch openings. These initiatives were undertaken in line with a five-year strategic plan; subsequently, all objectives in the plan were accomplished. This growth was partially accomplished by buying back some of the branches that were transferred to the Savings Deposit Insurance Fund and the acquisition of Tarişbank by the Group at the end of 2002. In order to complement its existing banking products and services, DenizBank also acquired factoring, leasing, investment and asset management companies as well as banks in Austria and Russia.

Thanks to the support of its solid capital base and financial strength as well as the rapid growth of the overall banking sector, DenizBank reinforced its existing market position in very short order. DenizBank Financial Services Group was formed in 2003 to create a financial supermarket able to offer various financial services under the same roof.

All contemporary financial services under one roof

In addition to DenizBank, DenizBank Financial Services Group (“the Group”) consists of eight domestic and two international financial subsidiaries, four non-financial subsidiaries, a branch in Bahrain and EuroDeniz International Banking Unit Ltd., and an off-shore banking subsidiary in the Turkish Republic of Northern Cyprus. DenizYatırım Securities, EkspresInvest Securities, DenizInvestment Trust, DenizPortfolio Management, DenizTürev Securities, DenizLeasing, DenizFaktoring, DenizEmeklilik, Intertech, DenizKültür, Bantaş and PUPA are the domestic subsidiaries of the Group; while EuroDeniz, DenizBank AG and CJSC Dexia Bank are the international subsidiaries.
The primary segments the Group focuses on are retail customers, small and medium-size enterprises, exporters, public and project finance and corporate clients. The Group also operates in niche markets such as shipbuilding finance, tourism, agricultural loans, construction projects abroad, healthcare services and education. The Group operates in European Union countries through its Vienna-based subsidiary DenizBank AG. CJSC Dexia Bank provides services to customers engaged in commerce with Russia and serves a variety of their financial requirements.

DenizBank Financial Services Group consolidated its operations along with financial control and accounting functions at the head office and transformed DenizBank branches into marketing centers, allowing the Bank to keep the number of employees at the optimum level while increasing operational efficiency.

The Group possesses a service network that reaches all segments of the society throughout Turkey. In addition to the 421 domestic DenizBank branches, including one in Bahrein, Denizbank AG and CJSC Dexia Bank have 12 branches in total. In addition, thanks to its Alternative Distribution Channels, DenizBank enables both individual and corporate customers all over the world to carry out financial transactions over the internet.

Financial Highlight

* Consolidated BRSA Figures

DenizBank Financial Institution Data