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] 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]
References
- TBB^
- Tekstilbank artık ICBC Turkey retrieved 10 February 2016^
- Archived copy retrieved 2015-08-06^
- Chinese bank to loan $3.6 billion to Turkey Chinese bank to loan $3.6 billion to Turkey, retrieved 2018-07-27^
- Tarihçemiz retrieved 10 February 2016^
- Banka Gazete. ICBC Yatırım Hisse Önerileri Gazete Banka, 20 November 2021, retrieved 20 November 2021^