HSBC Reviewing Banking Operations in Turkey and Exploring All Options

HSBC Bank announced that it is initiating a comprehensive review of its retail and corporate banking activities in Turkey, as part of its strategy to prioritize its focus and reduce its presence in markets that are deemed unprofitable or generate low returns. The review encompasses all options, with the exception of wholesale banking activities such as investment services, and the bank has not yet made any decisions regarding the future of these activities. This step is part of the bank's efforts to restructure its operations in underperforming markets and concentrate resources on regions with greater growth potential.

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