Sberbank began to prepare for the sale of your largest asset abroad

That the savings Bank met with the investment bankers on the sale of subsidiaries DenizBank, a Turkish Bank, Reuters reported, citing its own sources. This information was confirmed by a top Manager of a Russian subsidiary of a Western Bank and an investment banker.

According to Reuters, due to sanctions imposed on Russia, some banks refuse to participate in the organization of the sale.

Says investment banker, Sberbank is interested in DenizBank sale, because can not control the situation in it. As a possible buyer was considered the top Manager of DenizBank, but then the parties have refused this idea,” says the investment banker.

Deputy Chairman of Sberbank Svetlana Sagaidak conveyed through the press service that “information on the sale of DenizBank is not true”. She stressed that DenizBank is the most profitable foreign assets of the Sberbank group, the press service said that the largest foreign asset.

By the end of 2015 Deniz Bank received a profit of about 25 billion rubles. she Also added that not so long ago the Sberbank has increased the capitalisation of a daughter, and this will allow it to support larger investments.

In late may, the head of Sberbank German Gref in the interview to the newspaper “Izvestia” said that Denizbank occupies a good position, despite the sanctions. Gref also noted that the Bank has “normal relations” with the Turkish regulator.

Sberbank closed the deal on acquisition from Dexia Group 99,85% of shares of DenizBank in September 2012. At that time, DenizBank was ranked by assets in ninth place in Turkey. The transaction price was determined at 6,469 billion Turkish liras (€2.79 billion), and later Sberbank Dexia additionally paid 400 million pounds. Only Sberbank paid DenizBank for $3.5 billion.

The acquisition of DenizBank, Herman Gref, explained the intention of the savings Bank exit on a very attractive market, where in recent years there are exceptional growth and profitability”. In 2013, DenizBank purchased from Turkish Citi business services to individuals, including 32 offices servicing private clients.

738 at DenizBank branches in 81 provinces of Turkey and abroad, the Bank employs about 15 thousand employees. Assets in the first quarter of 2016 increased by 16% and reached 115 billion Turkish liras (2.7 trillion rubles), said Svetlana Sagaidak.