Sberbank signed the Franco-Belgian group Dexia agreement to buy 99.85 percent stake in Turkish Denizbank finorganizatsii together with all of its "daughters" in Turkey, Austria and Russia. The deal amounted to 6,469 billion Turkish liras (3,528 billion dollars). This was reported in
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The Russian financial organizations planning to finance the purchase from its own funds. On this, as reported
As of March 31, the capital adequacy finorganizatsii IFRS (International Financial Reporting Standards) was estimated at 11.8 per cent, the minimum allowable level in Russia — 10 percent. Gref also said that with the purchase of Denizbank Savings Bank expects growth in the share of profits earned abroad to 7-8 percent. Closing of the transaction is expected in the fourth quarter of this year. Consultants Russian side were "Troika Dialog", Deutsche Bank and Rothschild; Dexia group advised Bank of America Merrill Lynch.
At the shareholders meeting on June 1, German Gref said that Sberbank in 20-50 years "just going global" and the management set itself the task of 20-30 years receive half of the profits abroad. The first asset of Russia’s largest finorganizatsii outside the CIS