Disbank Transferred To Fortis

ISTANBUL - Disbank of Turkey was transferred to the Dutch-Belgian banking group Fortis.
Fortis and Disbank's majority shareholders - Dogan Group, Dogan family and two funds - signed an agreement by which Fortis acquired 89.3 percent of Disbank's shares outstanding for 880,025,533 euros.
With more than one million customers, around 120,000 small enterprise customers and around 10,000 Commercial Banking clients (i.e. medium sized enterprises), Disbank is the seventh largest privately owned bank in Turkey in terms of assets and is listed on the Istanbul stock exchange.
The bank has a history of Commercial Banking and has in recent years also developed a strong growing platform in Retail Banking along with selected Merchant Banking activities.
Disbank has a network of 173 branches concentrated in the most dynamic regions of the country, of which six are strategically located Business Centers. It is also one of Turkey's best rated banks.