ICBC Turkey
From Wikipedia, the free encyclopedia
ICBC Turkey Bank A.Ş.,[2] formerly 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 (ICBC). 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]
 | |
| Formerly | Tekstilbank (Tekstil Bankası A.Ş.) |
|---|---|
Company type | Public |
| Industry | Finance and Insurance |
| Founded | 1986 |
| Headquarters | Maslak, Istanbul, Turkey |
Number of locations | 44 branches (2010) in Turkey |
Area served | Turkey |
Key people | Xu Keen (Chairman) Gao Xiangyang (CEO)[1] |
| Products | Banking Investment banking Investment management |
| Parent | ICBC |
| Website | www.icbc.com.tr / www.tekstilbank.com.tr |
The remaining 24.5% stock is public and is operated in Borsa Istanbul.[5] ICBC Yatırım, a subsidiary of ICBC, provides support to stock market investors.[6]
