This article does not cite any references or sources. Please help improve this article by adding citations to reliable sources. Unsourced material may be challenged and removed. (July 2009)

HSBC Bank A.Ş., the Turkey subsidiary of the HSBC Group, is a bank with its head office in Istanbul.

[edit] 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^{[citation needed]} 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^{[citation needed]} completed in December 2001.

[edit] Turkish banking

HSBC logo

Under the HSBC brand the bank maintains a network of around 314 branches nationwide (as of October 2008) 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.

[edit] 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.

[edit] 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

[edit] Regional operations

HSBC Bank A.Ş. operates three branches in the Turkish Republic of Northern Cyprus.

[edit] See also

• HSBC Holdings plc
• HSBC Bank plc
• 2003 Istanbul Bombings

[edit] External links

• HSBC Bank Turkey

v • d • e ISE companies of Turkey Akbank · Aksa · Alarko · Anadolu Isuzu · Arçelik · ASELSAN · Beko Elektronik · Denizbank · DYO · Eczacıbaşı İlaç · Enka · Erdemir · Finansbank · Garanti Bank · HSBC Bank · İş Bankası · Kardemir · Karsan · Koç Holding · Kristal Kola · Migros · Otokar · Petkim · Petrol Ofisi · Sabancı Holding · Tofaş · Tüpraş · Turkcell · Türk Hava Yolları · Ülker · Vestel

v • d • e Banks of Turkey Akbank • Albaraka Türk • Alternatif Bank • Anadolu Bank • Bank Asya • Citibank • Denizbank • Finansbank • Fortis • Garanti Bank • Halk Bankası • İş Bankası • HSBC • ING Bank • Şekerbank • Turkish Bank • Türk Ekonomi Bankası • VakıfBank • Yapı Kredi Bankası • Ziraat Bankası

This Asian bank-related article is a stub. You can help Wikipedia by expanding it. v • d • e

This European bank & insurance-related article is a stub. You can help Wikipedia by expanding it. v • d • e

This Turkey-related article is a stub. You can help Wikipedia by expanding it. v • d • e