OREANDA-NEWS. May 16, 2014. DenizBank, a Turkish bank which is part of the Sberbank Group, announces its Q1 2014 results.

As of March 31, 2014, the Bank:

In Q1 consolidated net profit grew to 125.8 million US dollars, an increase of 103% quarter-to-quarter or decline of 11% year on year;

Grew assets by 8% year-to-date, reaching 39.2 billion US dollars,

Grew equity, including subordinated debts, by 11% year-to-date to reach 4.3 billion US dollars;

Grew customer deposits, the main source of funding, by 6% year-to-date to 24 billion US dollars;

Grew cash loans by 4% year-to-date to 26.8 billion US dollars; 

Grew its non-cash loans by 4% year-to-date to 8.8 billion US dollars; 

Increased the number of customers by 26% to reach 7.5 million from 5.9 million.

“We are pleased to be able to report another strong set of results from DenizBank. In the first quarter of 2014, our bank in Turkey has increased its assets, as well as in the volume of loans and deposits, outperforming the rest of the banking sector”, – said Sergey Gorkov, Deputy Chairman of the Board.