About DenizBank

From a single bank to a large, financial services group

In 1997, DenizBank was acquired by Zorlu Holding via a banking license from the Privatization Administration. Recording three shareholder changes and performing a public offering during its short history of 25 years, the Bank was acquired in October 2006 by Dexia, a leading European financial group. Subsequently, as the biggest one-time investment made by Russia in Türkiye, DenizBank started to operate under Sberbank, one of the world’s biggest banks, as of 28 September 2012. Most recently, the Bank’s ownership was transferred to Emirates NBD, a leading Banking Group in the MENAT region, as of 31 July 2019.

“Financial supermarket” era in banking

DenizBank implemented a “Back-to-Life” program that included recruitment and new branch openings with its five-year strategic plan in 1997. To this end, DenizBank acquired some of the bank branches under the control of Saving Deposit Insurance Fund and included Tarişbank to the Group at year-end 2002. During this period DenizBank acquired banks in Austria and Russia in addition to its factoring, financial leasing, investment and portfolio management companies to complement its existing banking products and services. As a result, DenizBank Financial Services Group (DFSG) created a “financial supermarket” providing a wide variety of financial services under a single umbrella in 2003. DenizBank also took over the Retail Banking Department of Citibank as of 1 July 2013 together with its more than 600 thousand customers and 1,400 employees.

Making substantial investments in technology, R&D, and innovation since its founding, DenizBank established the first Digital Banking Department in Türkiye in 2012, appointed the first Chief Digital Officer (CDO) in the sector, the Bank was named the “Most Innovative Bank in the World” multiple times in the USA and Europe, and in July 2021, the Bank established its new age subsidiary NEOHUB in order to provide network and experience-oriented support to the entrepreneurship environment in Türkiye.

The bank working for development and sustainable future

Working with the principle of serving its home country, the Bank is committed to meeting the needs of SMEs, who are at the heart of the nation’s economy, as well as health, sports, municipalities, maritime, tourism, energy, education, infrastructure and agriculture, and creates financing models that set an example for the sector in the majority of these areas. It also aims to create a sustainable legacy that is sensitive to development in every aspect.

Moreover, being aware of the role played by the financial sector in the green transformation process, DenizBank offers banking services with an approach that considers the future of the planet and the protection of natural resources, and integrates its sustainability approach into all of its business processes under the guidance of the Sustainability Committee it established in 2021.

Besides its flagship banking Besides its flagship banking institution, DenizBank Financial Services Group includes six domestic and three international financial subsidiaries, six domestic non-financial subsidiaries and one branch each in Bahrain and Girne. DenizInvest Securities, Deniz REIT, DenizAsset Management, DenizLeasing, DenizFactoring, fastPay, Intertech, NEOHUB, DenizKültür, Ekspres, Açık Deniz Radyo-TV and Bantaş are the domestic subsidiaries of the Group, and EuroDeniz, DenizBank AG and DenizBank Moscow are the foreign subsidiaries. With a broad service network reaching all parts of society in Türkiye, DenizBank has 641 branches in Türkiye, Girne and Bahrain, in addition to 14 branch locations of DenizBank AG, its subsidiary based in Vienna. The Group operates in EU countries via DenizBank AG, while DenizBank Moscow serves customers abroad that have trade relations with Russia.

TL million⁽¹⁾	31.12.2023
Total Assets	1,172,907
Cash Loans	570,040
Deposits	737,884
Shareholders Equity (inc. Subordinated loan)	113,480
Number of Branches⁽²⁾	655
Number of Customers-million	18.6
Net Profit	28,069

⁽¹⁾ Consolidated BRSA figures

⁽²⁾ Including subsidiaries branches

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