February 28, 2019 / 7:19 AM / 8 months ago

Russia's Sberbank to complete sale of Denizbank in H1 2019

MOSCOW, Feb 28 (Reuters) - Russian state lender Sberbank plans to complete the sale of Turkey’s Denizbank in the first half of the year, Sberbank said in a filing on Thursday.

Sberbank, Russia’s biggest bank by assets, bought Denizbank in 2012 for around $3.5 billion as it was trying to establish a presence abroad. (Reporting by Tatiana Voronova; Writing by Tom Balmforth; Editing by Mark Potter)

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