HSBC Holdings Plc (HSBA), Europe’s biggest bank, is seeking to acquire a bank in Turkey, Hurriyet reported, citing Martin Spurling, the bank’s chief executive for Turkish operations.
The bank needs acquisitions among medium-sized lenders to generate faster growth in Turkey, Spurling said, according to the newspaper.
HSBC plans to add 30 new branches this year to its 333- branch network.
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