HSBC has no plans to leave the Turkish market, according to the bank’s Turkey CEO KervanciSelim Kervanci, as offers for the organisation’s operations were not considered in the best interest for shareholders. The Turkish arm is undergoing a restructure to ensure the bank can enable Turkish companies to access a wider range of financial instruments. Selim Kervanci praised Turkey’s Central Bank efforts to establish a sovereign wealth fund to support large projects that banks can no longer fully fund.
HSBC has no plans to leave the Turkish market, according to the bank’s Turkey CEO Selim Kervanci, as offers for the organisation’s operations were not considered in the best interest for shareholders. The Turkish arm is undergoing a restructure to ensure the bank can enable Turkish companies to access a wider range of financial instruments. Kervanci praised Turkey’s Central Bank efforts to establish a sovereign wealth fund to support large projects that banks can no longer fully fund.