HSBC Launches Strategic Review of Turkish Retail and Domestic Corporate Banking Operations | LeapRate
HSBC said Tuesday that it has launched a strategic review of its retail banking and domestically focused corporate banking operations in Türkiye, as the bank moves to sharpen its focus on clients with international and cross-border banking needs in the country.
The review will consider all options for the retail banking business of HSBC Bank A.Ş. and its portfolio of smaller and medium-sized companies with primarily domestic banking requirements.
The bank said no decisions have yet been made.
The review does not affect HSBC’s wholesale banking activities in Türkiye, where it said it will continue to support international clients and local corporates with cross-border needs.
HSBC stated that it “recognises the importance of Türkiye to its global network” and will maintain a strong presence in the country, supporting international companies investing in Türkiye and Turkish companies expanding overseas.
The announcement is the latest step in HSBC Group’s ongoing global simplification programme, which has seen the bank exit or restructure a number of retail and smaller corporate banking operations across various markets in recent years.
The bank’s stated strategy is to increase leadership and market share in areas where it holds a clear competitive advantage and the greatest opportunity to grow.
HSBC Türkiye operates across both retail and wholesale banking segments, with the wholesale corporate and institutional banking business remaining outside the scope of the review.
