The Turkish authorities filed tax claims against the Bank DenizBank, 99,85% owned by the Russian Sberbank. Requirements of the tax were charged on the results of new audits, but relate to the period when Turkish Bank owned Franco-Belgian financial group Dexia.
Sberbank has already written to the Dexia Group claims for compensation and currently these requirements are considered, follows from published on Friday, 19 February, Dexia report on the results of the group in 2015.
After a sharp deterioration in Russian-Turkish relations, ended the introduction by the Russian authorities of a number of targeting Turkish business sanctions, the head of Sberbank German Gref said he did not expect the Turkish counter-sanctions against DeizBank. “Honestly, no. To hit their own economy? We are a fairly large local Bank,” said Gref, noting that the management of the savings Bank assesses the impact of the crisis in relations with Turkey on the group’s business, but he expects that already in 2016 “there will be a de-escalation” of the conflict.
In December 2015, representatives of the Turkish bankers Association, referring to DenizBank, the Turkish banks that entered Moscow sanctions will not affect financial sector.
Later, the Turkish newspaper Hurriyet reported on FSB searches in four employees in the Russian subsidiaries of Turkish banks, however, the press Secretary of the President of Russia Dmitry Peskov said that the Kremlin SV not know about the problems of Turkish bankers.
Sberbank has closed the acquisition of the Dexia Group 99,85% of shares of DenizBank in September 2012. At that time, DenizBank was ranked by asset size in ninth place in Turkey. The transaction price was determined at 6,469 billion Turkish liras (€2,79 bn), Sberbank later additional paid Dexia 400 million lire.
Buy DenizBank, Herman Gref has explained the intention of the savings Bank to go “on a very attractive market, which in recent years have observed an exceptional growth and profitability”. In 2013, DenizBank purchased from Citi Turkish business servicing individuals, including 32 offices servicing private clients and a portfolio of more than 600 thousand customers, assets with a volume of more than $620 million and deposits with a volume of more than $825 million.
By the end of September 2015 DenizBank opened 715 branches, its total number of ATMs has exceeded 4,2 thousand, and the number of issued Bank cards exceeded 3.25 million Net profit of DenizBank in January-September 2015 $ 614 million Turkish liras ($206,75 million) by the end of 2014 — 989 million pounds ($333 million).