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01-08-19
Emirates NBD acquires Sberbank shares in Denizbank
(MENAFN) Emirates NBD was announced to have acquired shares of 99.85 percent from Russia's Sberbank in the Turkish Denizbank.
Emirati, Turkish, Russian and Austrian banking regulators approved of the share transfer agreement.
This acquisition is of advantage to customers, investors, and stakeholders in all markets that Emirates NBD operates in, affirmed vice chairman and managing director of Emirates NBD Hesham Abdulla Al Qassim.
Al Qassim added that "we look forward to working together to leverage our shared expertise, resources, and human capital to build a banking powerhouse that will lead the MENAT region in innovation and service delivery, while ensuring that our customers remain at the heart of our journey."
MENAFN0108201900450000ID1098831438
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