ICBC Turkey

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ICBC Turkey
Formerly
Tekstilbank (Tekstil Bankası A.Ş.)
Public
Traded as
IndustryFinance and Insurance
FoundedIstanbul, Turkey (1986)
HeadquartersMaslak, Istanbul, Turkey
Number of locations
44 branches (2010) in Turkey
Area served
Turkey
Key people
Xu Keen, Chairman
Gao Xiangyang, CEO [1]
ProductsBanking
Investment banking
Investment management
ParentICBC
Websitewww.icbc.com.tr / www.tekstilbank.com.tr

ICBC Turkey Bank A.Ş.,[2] previously known as Tekstilbank A.Ş. was founded in 1986. In 2014, GSD Holding A.Ş sold their 75.5% stock to Industrial and Commercial Bank of China. The acquisition completed in April 2015. In November 2015, the name of the bank changed to "ICBC Turkey".[3] In July 2018, ICBC provided a $3.6-billion loan package for the Turkish energy and transportation sector.[4]

Logo of Tekstilbank A.Ş. until 2015

The remaining 24.5% stock is public and is operated in Borsa Istanbul.[5]

References[edit]

  1. ^ http://www.tbb.org.tr/modules/banka-bilgileri/banka_Listesi.asp?tarih=14/2/2016
  2. ^ "Tekstilbank artık ICBC Turkey" (in Turkish). Retrieved 10 February 2016.
  3. ^ http://www.tekstilbank.com.tr/portal/en/images/pdf/Information_Form_ENG.pdf
  4. ^ "Chinese bank to loan $3.6 billion to Turkey". Chinese bank to loan $3.6 billion to Turkey (in Turkish). Retrieved 2018-07-27.
  5. ^ "Tarihçemiz" (in Turkish). Retrieved 10 February 2016.