At a press conference held at the Ciragan Palace on Friday, Chief Executive Officer of the HSBC Holding Sir John Bond said that the bank intends to increase its investments in Turkey, which will also create jobs in the country. HSBC plans within the next five years to increase the number of Turkish branches from 159 to 350. HSBC sees Turkey as a good opportunity for investment as it has been successful at overcoming economic crises, said Bond.
HSBC plans to provide more service to small-, medium- and large-scale organizations with its upcoming investments.
HSBC Board members gather once or twice in strategically important countries apart from Britain, said Sir Bond, adding that those gatherings are intended to help them have a brighter picture of the area they will work in. Istanbul was chosen for these reasons as a place to gather early in 2006.