Dear DenizBank friends,
Sailing at full speed towards its targets, DenizBank continues to add new pages to its success story.
Leaving its 10th year behind as the 6th largest private bank of Turkey by asset size, DenizBank sets sail towards new horizons within Dexia, one of the leading European financial groups.
The sales contract concluded in May 2006 with Dexia, the world leader of public finance, came into effect as of October 11th, 2006; after authorization by relevant authorities.
First of all, I would like to underline that the exchange of information and experience between the two groups will create added value not only to the two parties but also to Turkish banking sector.
The sales contract signed between Dexia and DenizBank means more than a simple transfer of shares; it expresses a strong unification and a common future design for both groups that have overlapping targets, ideals, values and visions. We firmly believe the opportunities presented by this togetherness will make a great contribution to the future of our sector and country.
Distinguished friends,
I now would like to share with you the process moving DenizBank to this successful partnership.
Following its successful IPO realized in 2004, DenizBank increased rapidly its total corporate performance in commercial and social spheres and arose interest not only in Turkey but also in the world.
DenizBank was ranked as “The fastest growing bank of Southern Europe”* in 2004, “the 8.fastest growing bank in terms of equity capital”** in 2005 and “one of the 30 most powerful and esteemed brands of Turkey”*** in 2006. Having started sailing 10 years ago with only a banking permit on a sheet of paper, DenizBank became a “Financial Supermarket” with its assets of YTL 22 billion 576 million and 359 domestic and foreign branches, 8367 employees and 13 subsidiaries by the first half of 2008.
Two main elements of DenizBank’s management philosophy have been effective in sustaining its fast and secure growth: A complete dedication to “Collective Wisdom” and “Corporate Governance” principles.
Although it is one of the youngest banks in Turkey, DenizBank is rightly proud of being the 6th among privately owned banks acquiring its strength and confidence in future-oriented progress from the collective wisdom and synergy which is created by its Sailors.
Providing great support to sectors crucial for the national economy, such as agriculture, tourism, energy, health, education and privatization projects in accordance with its strategic road map, DenizBank reached a total loan volume of YTL 16 billion and 232 million in these specific areas.
At the first half of 2008, DenizBank provided loans amounting over YTL 2.500 billion to SMEs with its specialized team of experts and a wide range of products. The number of our Bank’s customers in this segment has also reached approximately 300.000. DenizBank also reached over the farmers, who have been neglected by the finance sector, and provided YTL 900 million loans and banking support through its tailor-made products. Thanks to this success, DenizBank became the private bank lending the most credit to agriculture sector and providing the sector with the biggest credit opportunities.
Dear Friends;
Under this proud picture lie the names of 8367 Sailors, the signature of commitment, belief, cooperation and trust.
With the support of an international power and a world brand, DenizBank will continue to sail on its course with the same self-confidence as ever.
Yours sincerely,
Hakan Ateş
* The Banker, January 2004
** The Banker, July 2005