HSBC Bank (Turkey)
From Wikipedia, the free encyclopedia
| HSBC Bank AS | |
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| Type | Subsidiary of HSBC Holdings plc |
|---|---|
| Founded | 1990 |
| Headquarters | Istanbul, Turkey |
| Key people | David Budd, Chairman |
| Industry | Finance and Insurance |
| Products | Financial Services |
| Employees | 3,700 |
| Slogan | Dunyanin yerel bankasi |
| Website | www.hsbc.com.tr |
HSBC Bank AS The HSBC Group opened its first office in Turkey in 1990. In October 2001, HSBC acquired Demirbank TAS, the fifth largest private bank in Turkey from the Turkish financial regulator after it was rescued during the financial crisis. Demirbank's wholly owned stockbroking and fund management subsidiary, Demir Yatirim was also acquired and the merger of HSBC Bank A.S and Demirbank was successfully completed in December 2001.
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[edit] Turkish banking
Under the HSBC brand the bank maintains a network of around 160 branches nationwide and offers a comprehensive range of products and services to corporate, commercial and personal customers.
HSBC Bank Turkey is part of the European structure within the HSBC Group and therefore reports to HSBC Bank plc.
On the 20 November 2003 HSBC's Headquarters in the Levent district of Istanbul were severeley damaged in one of a series of bombings in Istanbul in 2003. Three members of HSBC staff lost their lives and a total of 43 were injured in the blasts.
The bank was fully open for business on the following working day, with a temporary Headquarters being established in Esentepe, Istanbul and over 3,000 corporate customers informed of the situation on the day of the blast.
[edit] Consumer finance
On 8 August 2002, HSBC Bank A.S. signed a Sale and Purchase Agreement for the acquisition of Benkar Tuketici Finansmani ve Kart Hizmetleri A.S. (Consumer finance and card services) and the Advantage brand from Boyner Holding A.S. The purchase of Benkar was completed on 19 September 2002
[edit] Regional operations
HSBC Bank AS operates a branch in Bahrain and three branches in the Turkish Republic of Northern Cyprus.
[edit] See also
[edit] External links
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Corporate Directors: Baroness Dunn | Sir Brian Moffat | Stephen Green | Lord Butler of Brockwell | Raymond Ch'ien | John Coombe | Rona Fairhead | Douglas Flint | William Fung | Michael Geoghegan | Sharon Hintze | James Hughes-Hallett | Sir Mark Moody-Stuart | Stewart Newton | Simon Robertson | Helmut Sohmen | Sir Brian Williamson |
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Brands: The Bank of Bermuda | Beneficial | first direct | Hang Seng | HFC | HSBC | HSBC Bank International | HSBC Halbis Partners | HSBC Investments | HSBCnet | HSBC Premier | Marbles | M&S Money | Proa |
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Principal Local Banks: Argentina | Australia | Bermuda | Brazil | Canada | China | Egypt | France | Germany | Hong Kong | Malaysia | Middle East | Malta | Mexico | Poland | Turkey | United Kingdom | United States |
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Minority Stakes and Joint Ventures: Bank of Communications (19.9%) | Bank of Shanghai (8%) | HSBC Saudi Arabia Limited (60%) | Ping An (19.9%) | Techcombank (10%) | The Saudi British Bank (40%) | |
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Annual Group Revenue: $61.7 billion USD ( |
