OREANDA-NEWS. Denizbank, the Turkish subsidiary of the Sberbank Group, announces financial figures for 12M 2013. DenizBank:

Increased its assets by 41.0% to reach TL 79.7 billion.

Grew its equity by 7.5% to reach TL 6.1 billion.

Increased its customer deposits, the main source of funding, by 42.1% to reach TL 49.7 billion.

Increased its cash and non-cash loans by 45.5% and 48.7% to reach TL 56.5 billion and 18.4 billion, respectively.

Increased the number of its branches by 14% to reach 713.

Realized a consolidated net profit of TL 1.0 billion in 2013 increasing by 40.4% on a year-on-year basis.

Important indicators from DenizBank consolidated balance sheet

TL million

31.12.2012

31.12.2013

Growth

Total assets

56 495

79 668

41.0%

Cash loans

38 800

56 466

45.5%

Non-cash loans

12 381

18 416

48.7%

Deposits

34 985

49 702

42.1%

Net profit

720

1 011

40.4%

Equity

5 665

6 088

7.5%

ROE

14.0%

17.2%

 　

Based on consolidated data that was independently audited

CEO of DenizBank Financial Services Group Mr. Hakan Ates stated: "Thanks to the strength we derive from our shareholder Sberbank, we continue to grow with stability being the 5th largest private bank of Turkey. DenizBank outperformed the sector, as it has in the recent years."