ICBC Turkey

ICBC Turkey

Formerly	Tekstilbank (Tekstil Bankası A.Ş.)
Company type	Public
Traded as	BİST: ICBCT BİST: TKSTL (old)
Industry	Finance and Insurance
Founded	Istanbul, Turkey (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

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. 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] ICBC Yatirim, a subsidiary of ICBC, provides support to stock market investors.[6]

References

1. "TBB".
2. "Tekstilbank artık ICBC Turkey" (in Turkish). Archived from the original on 12 January 2016. Retrieved 10 February 2016.
3. "Archived copy" (PDF). Archived from the original (PDF) on 2015-09-24. Retrieved 2015-08-06.
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). Archived from the original on 29 February 2016. Retrieved 10 February 2016.
6. Gazete, Banka (20 November 2021). "ICBC Yatırım Hisse Önerileri". Gazete Banka. p. https://gazetebanka.com/. Retrieved 20 November 2021.