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July 30, 2015 7:35 AM ET

Banks

Company Overview of HSBC Bank A.S.

Company Overview

HSBC Bank Anonim Sirketi provides retail, commercial, and corporate banking products and services. It offers retail banking services, including indexed deposits, demand and time deposits, and fund deposit accounts; credit and debit cards; consumer loans, such as personal, car, mortgage, personal finance, and overdraft loans; payment services and pension products; insurance products, such as personal accident, critical illness, home and car, and life insurance products; and investment services comprising mutual funds, gold funds, equities, treasury bills, and government bonds. The company also provides corporate/commercial banking services, including cash and non-cash loans, commercial cards,...

Büyükdere Caddesi No:128 Esentepe

Sisli

Istanbul,  34394

Turkey

Founded in 1990

Phone:

90 212 376 40 00

Fax:

90 212 366 33 83

Key Executives for HSBC Bank A.S.

Chief Executive Officer, General Manager and Director
Executive Vice President of Financial Control and Assistant General Manager of Financial Reporting
Head of Internal Audit
Chief Assistant General Manager and Executive Vice President of Credit and Risk
Executive Vice President of Corporate and Commercial Banking
Compensation as of Fiscal Year 2015.

HSBC Bank A.S. Key Developments

ING And BNP Paribas Reportedly Among Bidders For HSBC Turkey

ING Groep N.V. (ENXTAM:INGA), BNP Paribas SA (ENXTPA:BNP) and Arab Banking Corporation (B.S.C.) (BAX:ABC) have submitted bids to buy HSBC Bank A.S. (HSBC Turkey), a source familiar with the process said. The source said the bids are non-binding, suggesting that the process could still take some time to complete, but that one-to-one talks have begun. Four other sources said ING was interested in buying HSBC's Turkish business, comprising corporate and investment banking operations as well as a loss-making retail arm. Two of the people said ABC was looking to buy the business, though they did not know if bids had been submitted. Qatar National Bank S.A.Q. (DSM:QNBK) was also interested but has not submitted a bid, the first source said. HSBC, ING, BNP and QNB declined comment and ABC could not be reached for immediate comment.

ING, Qatar National Bank Reportedly Potential Buyers for HSBC Turkey

The potential buyers for HSBC Bank A.S. are reported to be ING Groep N.V. (ENXTAM:INGA), Arab Banking Corporation (B.S.C.) (BAX:ABC) and Qatar National Bank Alahli S.A.E (CASE:QNBA). According to two sources, Arab Banking was looking to buy the entire business of HSBC Bank. HSBC declined comment.

HSBC Turkey Announces Earnings Results for the First Quarter of 2015

HSBC Turkey announced earnings results for the first quarter of 2015. For the company reported a loss of TRL 32 billion against TRL 10.8 billion a year ago.

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