Denizbank A.S.: Periodic update following H1 2017 results
FINANCIAL INSTITUTIONS CREDIT OPINION 15 September 2017 Update RATINGS Denizbank A.S. Domicile Turkey Long Term Debt Withdrawn Type Senior Unsecured - Fgn Curr Outlook Not Assigned Long Term Deposit Ba2 Type LT Bank Deposits - Fgn Curr Outlook Negative Please see theÂDenizBank is active in three areas, namely, retail banking, corporate banking, treasury and investment banking. The primary customer segments of Co. include retail customers, small and medium-size enterprises, exporters, public and project finance users and corporate clients. Co. has identified agriculture, energy, tourism, education, health, sports, infrastructure and maritime sectors as a priority for its activities. Co. also operates in European countries through its Vienna-based subsidiary DenizBank AG. CJSC Dexia Bank serves Co.'s existing customers abroad that have commercial and trade ties with Russia and meets their various financial needs.
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