ICBC Turkey

ICBC Turkey Bank A.Ş., formerly known as Tekstilbank A.Ş. was founded in 1986. In 2014, GSD Holding A.Ş sold their 75.5% stock to Industrial and Commercial Bank of China. The acquisition completed in April 2015. In November 2015, the name of the bank changed to "ICBC Turkey". In July 2018, ICBC provided a $3.6-billion loan package for the Turkish energy and transportation sector. The remaining 24.5% stock is public and is operated in Borsa Istanbul. ICBC Yatirim, a subsidiary of ICBC, provides support to stock market investors.