About ICBC Turkey Bank A.S. (IST:ICBCT)
ICBC Turkey Bank A.S., along with its subsidiaries, provides a wide range of banking products and services in Turkey. The company operates in various segments, including retail banking, corporate banking, investment banking, and treasury services. It offers money transfer services, such as Direct Money Transfer to China, Swift, EFT, and remittance options. In addition, the company offers online banking and consumer loan services, which include cash loans, car loans, housing loans, overdraft accounts, and a loan calculator.it also offers various types of accounts, including time deposit calculators, savings deposit accounts, daily time deposit accounts, currency-protected TRY time deposit accounts, Yuvam accounts, citizenship applications, and TL/FX time deposit accounts, along with information on tax (withholding tax) rates. ICBC Turkey Bank issues several types of cards, such as credit cards, virtual cards, contactless credit cards, digital receipts, cash advances in installments, Masterpass, DragonPass, and services for creating credit card passwords and activation for foreign customers, as well as BKM Express. It facilitates payments, including company salary payments, and provides investment options like mutual funds, treasury bills, government bonds, eurobonds, repos, stock trading services, and derivatives. Further, it provides investment services, safe deposit boxes, and insurance services, including life insurance and the Individual Pension System (IPS). It also provides POS and merchant services, domestic and export financing, risk management, Eximbank loans, foreign credits, non-cash loans, trade finance, RMB organizations, and cash management. The company was formerly known as Tekstil Bankasi Anonim Sirketi and changed its name to ICBC Turkey Bank A.S. in November 2015. The company was founded in 1985 and is headquartered in Istanbul, Turkey. ICBC Turkey Bank A.S. operates as a subsidiary of the Industrial and Commercial Bank of China Limited.
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