ICBC Turkey

ICBC Turkey
FormerlyTekstilbank (Tekstil Bankası A.Ş.)
TypePublic
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
ProductsBanking
Investment banking
Investment management
ParentICBC
Websitewww.icbc.com.tr / www.tekstilbank.com.tr

ICBC Turkey Bank A.Ş., 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". In July 2018, ICBC provided a $3.6-billion loan package for the Turkish energy and transportation sector.

Logo of Tekstilbank A.Ş. until 2015

The remaining 24.5% stock is public and is operated in Borsa Istanbul. ICBC Yatirim, a subsidiary of ICBC, provides support to stock market investors.



This page was last updated at 2023-11-24 06:43 UTC. Update now. View original page.

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