Sberbank  / Miscellaneous/Miscellaneous

01.07.2013 11:51

Dissemination of a UK Regulatory Announcement, transmitted by EquityStory.RS, LLC - a company of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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DenizBank completes the acquisition of the Citibank's Turkey Consumer Business

1 July 2013, Istanbul - Denizbank, as part of the Sberbank group, Russia's largest banking institution headquartered in Russia, has successfully completed the acquisition of the retail banking division of Citibank in Turkey, first announced in April 2013.


Under the agreement, DenizBank will take over a portfolio consisting of more than 600 thousand customers, 1.2 bln TL (over $620 mln) in credit and receivables and a retail banking portfolio amounting to 1.6 billion TL (over $825 mln) (as at June 2013). These assets, together with employees and branches, have been transferred to DenizBank as at 1 July 2013. Following the acquisition Denizbank now has 667 branches, with 32 transferred from Citi alongside approximately 1,400 Citi employees.

In September 2012, Sberbank completed the acquisition of DenizBank AS which is ranked 5th among private and 9th among all Turkish banks by consolidated total assets.


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Sberbank of Russia
Alexander Baziyan
Public Relations
Tel.: +7 495 957 5721
media@sberbank.ru

Sberbank of Russia is the largest bank in Russia and holds almost one third of aggregate Russian banking sector assets. The Central Bank of the Russian Federation is the founder and principal shareholder of Sberbank owning 50% of the Bank's authorized capital plus one voting share. The rest of the shares are held by international and domestic investors. More than 100 million individual customers bank with Sberbank and about 1 million of businesses. The Bank has the largest distribution network in Russia with more than 18,000 offices as well as subsidiaries in 20 countries including the CIS, Central and Eastern Europe and Turkey.

The Bank holds the general banking license No.1481 issued by the Bank of Russia.

The official website is www.sberbank.ru.


01.07.2013 EquityStory.RS, LLC's Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de

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Language:           English
Company:            Sberbank
                    19 Vavilova St.
                    117997 Moscow
                    Russia
Phone:              +7-495-957-57-21
Fax:                
E-mail:             media@sberbank.ru
Internet:           www.sberbank.ru
ISIN: US80585Y3080, RU0009029540, RU0009029557 Listed: Frankfurt in Open Market (Entry Standard) ; MICEX, RTS Category Code:      MSC
LSE Ticker:         SBER
Sequence Number:    1502
Time of Receipt:    Jul 01, 2013 11:20:36
 
End of Announcement EquityStory.RS, LLC News-Service  

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