Sberbank to announce purchase at Turkish market

Sberbank will announce its purchase at the Turkish market, deputy head of the bank Andrey Donskikh said, RIA Novosti reports.

Sberbank head German Gref said on Thursday that Turkey is a priority of the bank’s foreign expansion. It purchased VBI (Austria) in February.

The bank was reportedly negotiating a purchase of Denizbank AS for a higher price than proposed by Qatar National Bank SAQ (QNB) in Turkey. Dexia SA had financial problems at that time.