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Terms of sale of the Turkish "daughter" Sberbank changed to the beginning of 2019

Terms of sale Denizbank Sberbank postponed to the end of 2018 - the beginning of 2019. In the financial report of the largest Russian bank for the third quarter of 2018 according to international financial reporting standards, Sberbank announced this period for the completion of the transaction.

The closing of the transaction must be approved by the regulatory authorities of Turkey, Russia, the United Arab Emirates and other countries in which Denizbank operates.

Sberbank has concluded a binding agreement on the sale of Denizbank to one of the largest banks in the UAE Emirates NBD Bank, after the closing of the transaction, Sberbank will cease to be a shareholder of Denizbank. The amount of Denizbank shares sold exceeds 14.6 billion Turkish liras.

Headquartered in Turkey, Denizbank is the fifth largest bank in the country.

From the end of October, a collection appeared at ATMs in Denizbank in Turkey when withdrawing cash from Sberbank of Russia cards.

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