ICBC Turkey Bank A.S.

Detailed Description

ICBC Turkey Bank A.S., together with its subsidiaries, provides various banking products and services in Turkey. The company's corporate and commercial banking products include spot, rotating, discount-purchase, foreign currency indexed, and equal installment loans; Eximbank loans; foreign credits, including working capital, export credit agencies, and pre-export financing loans; and non-cash loans, such as letters of guarantee, import loans, letters of credit, acceptance/aval loans, export loans, and letters of reference, as well as risk management, trade finance and RMB, cash management, and insurance services. It also provides retail banking products and services comprising demand deposit, time-deposit, overdraft, fund deposit, E-deposit, and automatic fund saving accounts; consumer loans, such as cash, car, and housing loans; credit cards; money transfer and payment services; safe deposit boxes; insurance services; online banking services; and individual pension systems and life insurances. In addition, the company's retail banking products comprise investment products that consist of mutual funds, treasury bills and government bonds, Eurobonds, repurchase agreements, stock trading services, and derivative products. Further, it offers investment banking and other services, including treasury transactions. The company was formerly known as Tekstil Bankasi Anonim Sirketi and changed its name to ICBC Turkey Bank A.S. in November 2015. The company was founded in 1985 and is headquartered in Istanbul, Turkey. ICBC Turkey Bank A.S. operates as a subsidiary of Industrial and Commercial Bank of China Limited.