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 September 28, 2012. Most recently, the Bank’s ownership was transferred to Emirates NBD, a leading Banking Group in the MENAT region, as of July 31, 2019.

As part of corporate identity efforts, 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 July 1, 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. Since that time, the Bank has implemented numerous innovations that lead the sector in facilitating and adding value to the lives of people. DenizBank 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. DenizBank integrates all areas of either physical or digital contact with customers through its hybrid “phygital” strategy. In July 2021, the Bank established its new age subsidiary NEOHUB as a subsidiary of Intertech, in order to support the entrepreneurial ecosystem of Türkiye with the “ecosystem banking” understanding.

In addition, DenizBank works to ensure a bright future for its home country and society with various social responsibility efforts. The Bank provides support in strategic areas such as health, sports clubs, municipalities, shipping, tourism, energy, education, infrastructure and agriculture. DenizBank is also committed to meeting the needs of SMEs, who are at the heart of the nation’s economy. The Bank continually develops innovative financing models to foster this key segment.

Besides its flagship banking institution, DenizBank Financial Services Group includes six domestic and three international financial subsidiaries, six domestic non-financial subsidiaries and a branch in Bahrain. DenizInvest, Deniz GYO, Deniz Asset Management, DenizLeasing, DenizFaktoring, fastPay, Intertech, NEOHUB, DenizKültür, Ekspres Maintenance, 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 645 branches in Türkiye, Kyrenia 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 CJSC DenizBank Moscow serves customers abroad that have trade relations with Russia.

TL million⁽¹⁾	30.09.2024
Total Assets	1,536,198
Cash Loans	762,085
Deposits	926,166
Shareholders Equity (inc. Subordinated loan)	150,404
Number of Branches⁽²⁾	659
Number of Customers-million	18.9
Net Profit	33,810

⁽¹⁾ Consolidated BRSA figures
⁽²⁾ Including subsidiaries branches

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