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HSBC Bank A.Ş.
Type	Subsidiary of HSBC Holdings plc
Founded	1990
Headquarters	Istanbul, Turkey
Key people	David Budd, Chairman
Industry	Finance and Insurance
Products	Financial Services
Employees	3,700
Slogan	Turkish: Dünyanın yerel bankası
Website	www.hsbc.com.tr

HSBC Bank A.Ş. The HSBC Group opened its first office in Turkey in 1990. In October 2001, HSBC 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.

HSBC logo

Under the HSBC brand the bank maintains a network of around 160 branches nationwide 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.

Main article: 2003 Istanbul bombings

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.

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

HSBC Bank A.Ş. operates a branch in Bahrain and three branches in the Turkish Republic of Northern Cyprus.

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

• HSBC Bank Turkey

v • d • e HSBC Group
Corporate directors:	Lord Butler of Brockwell · John Coombe · Baroness Dunn · Rona Fairhead · Douglas Flint · William Fung · Michael Geoghegan (CEO) · Stephen Green (Chairman) · James Hughes-Hallett · Sir Brian Moffat · Sir Mark Moody-Stuart · Gwyn Morgan · Stewart Newton · Simon Robertson · Sir Brian Williamson
Brands:	Banistmo · Bank of Bermuda · Beneficial · first direct · Hang Seng · HFC · HSBC · HSBC Amanah · HSBC Bank International · HSBC Guyerzeller · HSBC Halbis Partners · HSBC Insurance · HSBC Investments · HSBCnet · HSBC Premier · HSBC Private Bank · HSBC Rail · HSBC Seguros · HSBC Trinkaus & Burkhardt · M&S Money · Proa · Property Vision · WTAS
Principal local banks:	Argentina · Australia · Bermuda · Brazil · Canada · China · Egypt · France · Germany · Hong Kong · Malaysia · Middle East · Malta · Mexico · Poland · Turkey · United Kingdom · United States
Minority stakes and joint ventures:	Bank of Communications (19.9%) · Bank of Shanghai (8%) · HSBC Saudi Arabia Limited (60%) · Ping An (19.9%) · Techcombank (15%) · SABB (40%) · UTI Bank Limited (4.99%) · Wells Fargo HSBC Trade Bank N.A. (20%)
Annual group revenue: $70.1 billion USD (14% FY 2006) · Employees: 312,000 · Stock symbols: LSE: HSBA, HKSE: 005, NYSE: HBC, Euronext: HSBC, BSX: 1077223879  · Group website: www.hsbc.com · Group Headquarters 8 Canada Square, London, E14 5HQ, United Kingdom

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