DENİZBANK A.Ş.

DenizBank was founded in 1938 as a state-owned bank in order to provide funding for the developing Turkish maritime sector. In October 2006 DenizBank was acquired by Dexia, a Belgian financial group. Since 8 September 2012 DenizBank operates under the umbrella of Sberbank (Russia). DenizBank provides a range of products and services in retail and corporate banking for local and international clients.

Bank Category

Foreign Commercial Banks Established in Turkey

Services

Retail Banking
Private Banking
Wealth Management
Business Banking
Agriculture Banking
Corporate Banking

Financials

Total Assets (2017)
121.05 bln TRL  (+17.34%)
Net Income (2017)
1 879.79 mln TRL  (+33.39%)

DENİZBANK A.Ş. is the 9th largest bank in Turkey in terms of total assets. In 2017 its total assets were 121,05 bln TRL, providing the bank with the market share of 3.91%. In 2017 the bank's net income was 1 879,79 mln TRL.

DENİZBANK A.Ş. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB+ (speculative). Long-term credit rating assigned to the bank by Moody's is Ba3 (non-investment grade speculative).

DENİZBANK A.Ş. participates in deposit guarantee scheme of Turkey. This scheme covers accounts up to 100 000 TRL per bank per depositor.

Contacts

BÜYÜKDERE CAD.NO:106 34394 ESENTEPE/ İSTANBUL, Turkey
(212) 355 08 00
(212) 274 79 93

Bank Identifiers

BIC (SWIFT)
DENITRIS
Bank Sort Code
0134

Business Summary

Services
retail banking
private Banking
wealth management
business banking
agriculture banking
corporate banking

DENİZBANK A.Ş. provides products and services in the areas of retail banking, private Banking, wealth management, business banking, agriculture banking, corporate banking.

Financial Positions

Total Assets (2017)
121.05 bln TRL  (+17.34%)

In 2017 total assets of DENİZBANK A.Ş. were 121.05 bln TRL. Growth compared to the previous period (2016) was 17.34%. The evolution of the total assets of DENİZBANK A.Ş. is shown at Chart 1 below.

Total Assets of DENİZBANK A.Ş..

Chart 1. Total Assets of DENİZBANK A.Ş..

Profit and Loss

Net Income (2017)
1 879.79 mln TRL  (+33.39%)

In 2017 net income of DENİZBANK A.Ş. was 1 879.79 mln TRL. Growth compared to the previous period (2016) was 33.39%. The evolution of the net income of DENİZBANK A.Ş. is shown at Chart 2 below.

Net Income of DENİZBANK A.Ş..

Chart 2. Net Income of DENİZBANK A.Ş..

Market Share and Rank (among banks in Turkey)

Total Assets (2017)
9th (market share 3.91%)

In 2017 DENİZBANK A.Ş. was ranked the 9th largest bank in Turkey in terms of total assets, having 3.91% of the domestic market share.

Market share of DENİZBANK A.Ş. (among banks in Turkey)

Chart 3. Market share of DENİZBANK A.Ş. (among banks in Turkey)

Several banks having the market shares and ranks closest to DENİZBANK A.Ş. are shown below.

RankNameTotal AssetsMarket Share
8QNB FİNANSBANK A.Ş.125857.17 mln TRL4.07%
9DENİZBANK A.Ş.121048.28 mln TRL3.91%
10TÜRK EKONOMİ BANKASI A.Ş.85758.23 mln TRL2.77%
 

Credit Ratings (as of May 2018)

Fitch Moody's
BB+ (speculative) Ba3 (non-investment grade speculative)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. DENİZBANK A.Ş. is rated by Fitch and Moody's.

Credit ratings assigned to DENİZBANK A.Ş. as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for DENİZBANK A.Ş. it is set to BB+ (speculative), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for DENİZBANK A.Ş. is set to B (speculative short-term credit quality).

Long-Term Issuer Default Rating  BB+
    Outlook  positive
    On Watch  No
Short-Term Issuer Default Rating  B
Viability Rating  bb
Support Rating  3
Support Rating Floor  -

Viability rating for DENİZBANK A.Ş. is set to bb (speculative fundamental credit quality); support rating is 3 (moderate probability of support); support rating floor is not set.

Moody's

Long-term rating for DENİZBANK A.Ş. it is set to Ba3 (non-investment grade speculative). Long-term bank deposit rating is Ba3 (non-investment grade speculative). Baseline credit assessment is ba3. Short-term rating is not assigned.

Long-Term Rating  Ba3
Long-Term Bank Deposit Rating  Ba3
Baseline Credit Assessment  ba3
Short-Term Rating  -
Outlook  negative

Outlook for the ratings of DENİZBANK A.Ş. is set to negative (may be lowered).

Deposit Guarantee

Deposit Guarantee
Yes (up to 100 000 TRL per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in Turkey are obliged to participate in Turkish deposit guarantee scheme.

In the case of DENİZBANK A.Ş. failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  natural persons
Covered Accounts  all cash deposit accounts, precious metals accounts
Maximum Protected Amount  100 000 TRL
Paid In Currency  TRL

Further Information

BIC

BIC (Business Identifier Code, also known as SWIFT code or SWIFT BIC) is a the mostly used international identifier of financial institutions. SWIFT is the registration authority for BICs. BICs are used in financial transactions, client and counterparty data bases, compliance documents and many others.

A BIC consists of eight or eleven characters, comprising a financial institution code (four characters), a country code (two characters), a location code (two characters) and, optionally, a branch code (three characters).

BIC of DENİZBANK A.Ş. and its components are shown in the table below.

BIC  DENITRIS
Bank BIC Code  DENI
Country Code  TR (Turkey)
Location Code  IS
Branch Code  -

Bank Sort Code

Bank Sort Code is a code that uniquely identifies a financial institution within a country. Bank sort codes are usually assigned by National Central Banks and differ from BIC codes.

Bank Sort Code  0134

European Presence: 3 banks in 3 countries

DENİZBANK A.Ş. operates under the brand name DenizBank. This banking brand has presence in the following European countries and selected dependent territories of the European countries:

Austria

Germany

Turkey

  • (this bank) DENİZBANK A.Ş.