HSBC Bank (Turkey)

HSBC Bank A.Ş. is the Turkish subsidiary of HSBC and the fifth largest bank in Turkey.

History

HSBC Bank A.Ş. was founded in 1990 as a subsidiary of HSBC in Turkey.

The Demirbank TAS came in the late 1990s during the crisis of the Turkish banking system in financial problems and after being rescued by public funds under state supervision. In October 2001, HSBC acquired the Demirbank TAS and rose to become the fifth largest private bank in Turkey.

On 20 November 2003 the headquarters of the HSBC bank in the district of Levent Istanbul goal of a series of bombings was. Among the employees of the bank were next 3 deaths and 43 injuries to complain.

On 8 August 2002, the HSBC Bank A.Ş. signed an agreement on the acquisition of Benkar Tuketici ve Kart Hizmetleri A.Ş. Finansmani (Installment credit and card services ). The acquisition was implemented on 19 August 2002.

Business

The Bank has a network of 160 branches throughout the country and as a universal bank offering a complete range of products for private and corporate customers.

HSBC is through subsidiaries still the leader in trading and asset management business of Turkey.

Offices

HSBC Bank A.Ş. has an office in Bahrain and three in the Turkish Republic of Northern Cyprus.