CEO of HSBC Turkey comments on growth plans.

By bne IntelliNews August 8, 2011
CEO of lender HSBC Turkey, Martin Spurling, says that the bank will persuade a growth strategy which aims to double loans and deposits collected by 2014. These targets may be achieved through organic growth but HSBC may also consider inorganic growth, acquiring a private or public bank, according to Spurling. HSBC Turkey also targets to increase the number its customers to 5mn from 3.5mn at the end of 2014 and the lender plans to open 30 branches in the first half of 2012.

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