HSBC Turkey: Foreign bank seeks Turkish partner.

By bne IntelliNews March 10, 2011
Deputy general manager of HSBC?s Turkish investment banking unit, Selim Kervanci, told Reuters that a foreign bank mandated HSBC to explore options for a new partnership within the Turkish banking sector. Kervanci declines to provide details but media speculations suggest that the target banks may be Sekerbank and Tekstilbank, however both banks dismissed the speculations. Rumours also suggest that the unnamed foreign bank may be interested in Bank Asya, which declined to comment. Kervanci also said that HSBC Turkey was mandated to find a partner for insurer Isik Sigorta.

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