DenizBank joined Sberbank Group in September 2012. In 2013, the Group completed the acquisition of the Citibank retail division in Turkey. As a result, DenizBank acquired the retail business including more than 600,000 customers, assets of more than USD 620 mn, and deposits worth more than USD 825 mn, and 32 retail service outlets in Turkey that employ approximately 1,400 people. By the 2013 year-end, the share of DenizBank in Group’s assets increased by 0.2 percentage points to 6.7%.
Currently, comprehensive measures are being taken to integrate DenizBank into Sberbank Group. An active rotation of managers between Sberbank of Russia and DenizBank is scheduled. We also plan to seek talents among Russian-speaking students/graduates of Turkish higher education institutions to invite them later to work for DenizBank.