From Wikipedia, the free encyclopedia
HSBC Bank A.Ş., the Turkey subsidiary of the HSBC Group, is a bank
with its head office in Istanbul.
History
HSBC Bank A.Ş. was established as Midland Bank
A.Ş. in 1990. It was the subsidiary of Midland Bank and 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 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 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 HSBC brand the bank maintains a network of around 330
branches nationwide (as of December 2009) and offers a
comprehensive range of products and services to corporate,
commercial and personal customers.
HSBC Turkey is part of the European structure within the HSBC
Group and therefore reports to HSBC Bank
plc.
Bombing
On the 20 November 2003, HSBC's Headquarters in the Levent
district of Istanbul were
severely 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.
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. operates three branches in the Turkish Republic of Northern Cyprus.
See also
External
links
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