ICBC Turkey

Formerly| Tekstilbank (Tekstil Bankası A.Ş.)
Type| Public

Traded as

* Template:Bist
* Template:Bist (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] 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".[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]

## References

1. ↑ http://www.tbb.org.tr/modules/banka-bilgileri/banka_Listesi.asp?tarih=14/2/2016
2. ↑ "Tekstilbank artık ICBC Turkey" (in tr). http://www.icbc.com.tr/portal/hakkimizda/tekstilbank-artik-ICBC-Turkey.html. Retrieved 10 February 2016.
3. ↑ http://www.tekstilbank.com.tr/portal/en/images/pdf/Information_Form_ENG.pdf
4. ↑ "Chinese bank to loan $3.6 billion to Turkey" (in tr-TR). https://www.trtworld.com/turkey/chinese-bank-to-loan-3-6-billion-to-turkey-19186.
5. ↑ "Tarihçemiz" (in tr). http://www.icbc.com.tr/portal/hakkimizda/tarihcemiz.html?id=id_1. Retrieved 10 February 2016.

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