HSBC Bank (Turkey)

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.

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The bank was fully...
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