HSBC Bank (Turkey)
 | This article needs additional citations for verification. (September 2014) |
mortgage loans | |
| Services | Consumer banking Corporate banking Investment banking Private banking Wealth management |
|---|---|
Number of employees | approx. 2000 (2020)[1] |
| Subsidiaries | HSBC Yatırım Menkul Değerler A.Ş. HSBC Portföy Yönetimi A.Ş. HSBC Ödeme Sistemleri Bilgisayar Teknolojileri Basın Yayın ve Müşteri Hizmetleri A.Ş. HSBC İnternet ve Telekominikasyon Hizmetleri A.Ş. |
| Website | www |
HSBC Bank A.Ş., the
History
HSBC Bank A.Ş. was established as Midland Bank A.Ş. in 1990. It was a subsidiary of Midland Bank and was the first British bank in Turkey to be established. Then it was renamed HSBC Bank A.Ş. in 1999. In October 2001, HSBC Bank A.Ş. acquired Demirbank T.A.Ş., the fifth-largest private bank in Turkey from the Turkish financial regulator after it was rescued,[2] 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.Ş. and Demirbank was successfully[3] completed in December 2001. Other subsidiaries of HSBC Bank A.Ş. are HSBC Ödeme Sistemleri Bilgisayar Teknolojileri Basın Yayın ve Müşteri Hizmetleri A.Ş., HSBC İnternet ve Telekominikasyon Hizmetleri A.Ş.
Turkish banking
Under the
Bombing
On 20 November 2003, HSBC's headquarters on the
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.
Consumer finance
On 8 August 2002, HSBC Bank A.Ş. signed a Sale and Purchase Agreement for the acquisition of Benkar Tuketici Finansmani ve Kart Hizmetleri A.Ş. (Consumer finance and card services) and the Advantage brand from Boyner Holding A.Ş. The purchase of Benkar was completed on 19 September 2002.
Regional operations
HSBC Bank A.Ş. operated 4 branches in the
References
- ^ "About us". Reuters. Retrieved 12 July 2020.[dead link]
- ^ Ercan, M. "The collapse of Demirbank". Case Centre. Retrieved 4 April 2014.
- ^ "HSBC acquires Demirbank for $350 million". Hürriyet Daily News. 21 September 2001. Retrieved 4 April 2014.
- ^ "HSBC Bank TRNC Operations were transferred to ALBANK". HSBC Turkey. Retrieved 30 January 2018.
External links
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