Major bank decides to close 5 of its branches in Turkey: Merged 3 branches with others
In a statement to the Public Disclosure Platform (KAP), ICBC Turkey Bank announced that it has terminated the operations of 5 branches and merged 3 branches with other locations.
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ICBC Turkey Bank A.Ş. has made changes to its branch structure. In a notification to the Public Disclosure Platform (KAP), the bank announced that it has terminated the operations of 5 of its branches as part of its strategic planning to increase operational efficiency.
According to the statement, 3 branches were also merged into other branches as part of the restructuring. With this step, the bank aims to manage its branch network more effectively, simplify operational processes, and use resources more efficiently.
ICBC Turkey Bank continues its operations in Turkey as a subsidiary of the Industrial and Commercial Bank of China (ICBC). Founded in China in 1984, ICBC is considered one of the world's largest banking groups.
Traded on the Hong Kong and Shanghai stock exchanges, ICBC operates in 48 countries and regions. The bank's latest branch decision in Turkey was announced as part of its restructuring plan focused on operational efficiency.