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Denizbank AS (DENIZ.IS)

DENIZ.IS on Istanbul Stock Exchange

6.06TRY
22 May 2018
Change (% chg)

-0.67TL (-9.96%)
Prev Close
6.73TL
Open
6.60TL
Day's High
6.60TL
Day's Low
6.05TL
Volume
1,780,703
Avg. Vol
1,070,863
52-wk High
8.87TL
52-wk Low
3.25TL

Latest Key Developments (Source: Significant Developments)

Emirates NBD To Buy Sberbank's 99.85 Pct Stake In Denizbank
Tuesday, 22 May 2018 

May 22 (Reuters) - EMIRATES NBD BANK ::SBERBANK AND EMIRATES NBD SIGN DEFINITIVE AGREEMENT FOR THE SALE AND PURCHASE OF 99.85 PERCENT OF SHARES IN DENIZBANK.UNDER AGREEMENT SBERBANK WILL SELL ITS ENTIRE 99.85 PERCENT STAKE IN DENIZBANK TO EMIRATES NBD.IN ACCORDANCE WITH SIGNED AGREEMENT, CONSIDERATION FOR 99.85 PERCENT EQUALS 14.6 BILLION TURKISH LIRA UNDER LOCKED BOX MECHANISM.UPON CLOSING OF THE TRANSACTION, SBERBANK WILL CEASE TO BE A SHAREHOLDER IN DENIZBANK.EMIRATES NBD WILL PAY INTEREST ON CONSIDERATION FOR PERIOD BETWEEN OCTOBER 31, 2017 AND TRANSACTION CLOSING DATE.ALL PROFITS FROM LOCKED BOX DATE TILL CLOSING DATE WILL BE TO EMIRATES NBD’S ACCOUNT.AS PART OF TRANSACTION, AND ON CLOSING, EMIRATES NBD WILL ASSUME OWNERSHIP OF DENIZBANK’S SUBORDINATED DEBT PREVIOUSLY PROVIDED BY SBERBANK.TRANSACTION IS EXPECTED TO CLOSE IN 2018.ACTUAL FINANCIAL EFFECTS OF DEAL FOR SBERBANK ARE DEPENDENT ON DYNAMICS OF CURRENCY EXCHANGE RATES, AS WELL AS ON TIMING BETWEEN DEAL SIGNING AND CLOSING.DENIZBANK EQUITY CAPITAL AT LOCKED BOX DATE OCTOBER 31, 2017 AMOUNTS TO TRY 12.5 BILLION.  Full Article

Denizbank Sells Its NPL Portfolio At Total 286.0 Mln Lira
Thursday, 17 May 2018 

May 17 (Reuters) - DENIZBANK AS ::SELLS NON-PERFORMING LOAN PORTFOLIO AT 103.0 MILLION LIRA TO HEDEF VARLIK YONETIM.SELLS NON-PERFORMING LOAN PORTFOLIO AT 102.5 MILLION LIRA TO EMIR VARLIK YONETIM.SELLS NON-PERFORMING LOAN PORTFOLIO AT 80.6 MILLION LIRA TO SUMER VARLIK YONETIM.  Full Article

Denizbank sells NPL portfolio worth of 11.6 mln lira
Friday, 8 Dec 2017 

Dec 8(Reuters) - DENIZBANK ::SELLS NON-PERFORMING LOAN PORTFOLIO WORTH OF 11.6 MILLION LIRA TO EMIR VARLIK.  Full Article

Denizbank decides to issue gold backed bonds up to 13.5 tonnes to qualifed investors
Tuesday, 5 Dec 2017 

Dec 5 (Reuters) - DENIZBANK AS ::DECIDES TO ISSUE GOLD BACKED BONDS UP TO 13.5 TONNES TO QUALIFED INVESTORS.  Full Article

Denizbank Q3 net profit rises to 419.3 million lira
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - DENIZBANK ::Q3 NET PROFIT OF 419.3 MILLION LIRA VERSUS 348.1 MILLION LIRA YEAR AGO .Q3 NET INTEREST INCOME OF 1.27 BILLION LIRA VERSUS 1.12 BILLION LIRA YEAR AGO .NON-PERFORMING LOANS AT END-SEPT. 3.50 BILLION LIRA VERSUS 3.29 BILLION LIRA AT END-DEC. 2016 .  Full Article

UPDATE 1-Sberbank scales back overseas expansion because of sanctions- CEO

MOSCOW, May 23 Sberbank plans to scale down its international business operations further after agreeing a deal to sell its Turkish subsidiary Denizbank, the CEO of Russia's largest bank said on Wednesday.

No consensus analysis data available.