Russia’s top bank Sberbank reported a 32% fall in third-quarter net profit, hurt by a foreign exchange loss due to the sale of Denizbank in Turkey. Sberbank sold Denizbank to Emirates NBD Group for 170.7 billion rubles ($2.7 …
Sberbank announces that it has completed the sale of its entire 99.85% stake in DenizBank to Emirates NBD Bank. In line with the sale and purchase agreement, the total revenue is 170.7 billion rubles, while Sberbank's …
Russia’s national top lender Sberbank has no plans to expand its international presence, Sberbank CEO German Gref said. "We have no international expansion plans," he said. The CEO of …
Russian state lender Sberbank plans to complete the sale of Turkey’s Denizbank in the first half of the year, Sberbank said in a filing. Sberbank, Russia’s biggest bank by assets, bought Denizbank in 2012 for around $3.5 …
Emirates NBD has agreed to buy Turkish lender Denizbank for 14.6 billion liras ($3.19 billion) from Russia’s Sberbank. Emirates NBD said in January it had started initial strategic talks with Sberbank about a possible purchase of …
Sberbank, Russia's largest bank, said that it was in talks with Dubai banking group Emirates NBD over selling Denizbank. "Discussions are at an early stage. At the current time there is no exact information on whether a deal …
Russian Sberbank and Turkish Denizbank intend to implement the ruble payment system in the agricultural and tourism sectors, the CEO of Denizbank, Hakan Atesh said. According to him, the relations between Russian and Turkish banks …
Turkish President Recep Tayyip Erdogan ratcheted up pressure on the nation’s banks, saying he would consider resistance to his calls to cut mortgage rates as an act of treason. Banks will be held …
Sberbank hopes the EU sanctions will be softened late in 2016 - early 2017, while the US sanctions against its subsidiary, DenizBank, were lifted. "We are looking forward to relaxation of EU sanctions against Sberbank Group at the …
A ceremony of signing documents on financing the construction of the third airport in Turkey has been held in Istanbul. Only local banks took part in financing the construction. Turkey’s Ziraat Bankasi will allocate 1.54 …
