DenizBank A.S. (Turkey)
DenizBank A.Ş. is one of the five largest private Turkish banks by asset size and has a market share of 4.7%. The DenizBank branch network as of December 2014 included 758 divisions. It has subsidiary banks in Austria, Russia, and Northern Cyprus and branches in Germany and Bahrain.
Vigorous integration of DenizBank A.Ş. within Sberbank Group is ongoing. The subsidiary bank’s business model was revised in 2014 relative to its retail business. New mortgage products are developed and implemented in Turkey for the customers of OJSC Sberbank of Russia. DenizBank A.Ş ATM network is expanded with Russian language support added in tourist areas in Antalya to benefit the banks’ Russian customers. DenizBank A.Ş. implements a loyalty programme for Sberbank Groups customers.
Robust efforts are being made to develop and implement methodologies in the subsidiary bank to assess all risks in accordance with Sberbank Group approaches. It is noteworthy to highlight successful implementation of New Credit Process in DenizBank and its key subsidiaries in 2014.
- The Bank Administration Institute (BAI) recognised DenizBank as the most innovation-intensive bank globally in 2014.
- DenizBank was rated first by The Banker among Turkish banks (Bank of the Year in Turkey).