DenizBank To Buy Citi Turkey's Consumer Banking Unit
DenizBank agreed to buy the portfolio, made up of more than 600,000 Turkish customers, from Citibank AS. The acquisition will make DenizBank the fifth-largest private bank in Turkey by consolidated assets.
The deal is expected to close in the third quarter of 2013. DenizBank CEO Hakan Ates said in a statement that Citi Turkey retail...
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