Russia’s largest lender by assets Sberbank is
not in acquisition talks, but is currently only considering the
acquisition of Turkish lender Denizbank, alongside studying all the
“other assets offered on the Turkish market”.

In a statement to RBI, Sberbank
confirmed it is only considering the acquisition of Denizbank as
the Turkish market is of interest to the lender, and no talks have

Sberbank also confirmed it is studying all the
banks that are on sale in eastern and central Europe.

DenizBank, the 7th largest Turkish
bank by assets, is a unit of Dexia.
The Belgian government has acquired Dexia’s retail banking division
in a €4bn ($5.43bn) nationalisation.

On 7 October, French newspaper Les
reported that Sberbank is interested in acquiring
DenizBank, the 7th largest Turkish bank by assets, and
has already started talks to prepare an offer for DenizBank.

Sberbank began its international expansion
strategy in 2006 and has since bought banks in Kazakhstan, the
Ukraine and Belarus.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.