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.
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.
DENİZBANK A.Ş. provides products and services in the areas of retail banking, private Banking, wealth management, business banking, agriculture banking, corporate banking.
|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.
Chart 1. Total Assets of DENİZBANK A.Ş..
|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.
Chart 2. Net Income of DENİZBANK A.Ş..
|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.
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+|
|Short-Term Issuer Default Rating||B|
|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.
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 Bank Deposit Rating||Ba3|
|Baseline Credit Assessment||ba3|
Outlook for the ratings of DENİZBANK A.Ş. is set to negative (may be lowered).
|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|
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.
|Bank BIC Code||DENI|
|Country Code||TR (Turkey)|
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|