About Us

Acquired by Zorlu Group in 1997 from Privatization Administration under only a banking license, DenizBank operates since October 2006 within Dexia Group, the world leader in public finance.

DenizBank was founded in 1938 as a state-owned bank in order to provide funding for the developing Turkish maritime sector. In early 1997, the Bank was acquired by Zorlu Holding from the Privatization Administration as a banking license. Acquired in October 2006 from the Zorlu Group by Dexia, a leading financial group in Europe; DenizBank currently operates under the Dexia umbrella.

From a single bank to a large financial services group

Following privatization in 1997, parallel to its new corporate identity, the Bank implemented a “return to life” program that encompassed recruitments and new branch openings. These initiatives were undertaken in line with a five-year strategic plan; subsequently, all objectives in the plan were accomplished. This growth was supported by the acquisition of some of the branches that were transferred to the Savings Deposit Insurance Fund and the acquisition of Tariþbank by the Group at the end of 2002. In order to complement its existing banking products and services, DenizBank also acquired factoring, leasing, investment and asset management companies as well as banks in Austria and Russia. Thanks to the support of its solid capital base and financial strength as well as the rapid growth of the overall banking sector, DenizBank reinforced its existing market position in a very short time. DenizBank Financial Services Group was formed in 2003 to create a financial supermarket able to offer various financial services under the same roof.

All contemporary financial services under one roof

In addition to DenizBank, DenizBank Financial Services Group (“the Group”) consists of six domestic and three international financial subsidiaries, four non-financial domestic subsidiaries, and a branch in Bahrain. DenizYatýrým Securities, EkspresInvest Securities, DenizInvestment Trust, DenizPortfolio Management, DenizLeasing, DenizFaktoring, Intertech, DenizKültür, Bantaþ and PUPA are the domestic subsidiaries of the Group; while EuroDeniz, DenizBank AG and CJSC DenizBank Moscow are the international subsidiaries.

The primary segments the Group focuses on are retail customers, small and medium-size enterprises, exporters, public and project finance and commercial and corporate clients. The Group also operates in niche markets such as agriculture, energy, tourism, education, healthcare services, sports, infrastructure and maritime. The Group operates in European Union countries through its Vienna-based subsidiary DenizBank AG. CJSC DenizBank Moscow provides services to customers engaged in commerce with Russia and serves a variety of their financial requirements.

DenizBank Financial Services Group consolidated its operations along with financial control and accounting functions at the head office and transformed DenizBank branches into marketing centers, allowing the Bank to keep the number of employees at the optimum level while increasing operational efficiency.

The Group possesses a service network that reaches all segments of the society throughout Turkey. In addition to the 588 domestic DenizBank branches, including one in Bahrain, DenizBank AG and CJSC DenizBank Moscow have 12 branches in total. In addition, thanks to its Alternative Distribution Channels, DenizBank enables both individual and corporate customers all over the world to carry out financial transactions over the internet.

Financial Highlights