Bloomberg News

HSBC Aims Loan Growth in Personal Loans

May 18, 2012

HSBC Holdings Plc (HSBA)’s Turkish unit will expand loans 20 percent this year, compared with a growth of 15 percent to 20 percent expected in the industry, Taylan Turan, deputy chief executive responsible for personal banking at HSBC Bank AS, said.

HSBC Turkey’s loans grew 25 percent last year, Turan said at a news conference in Istanbul today. The bank’s ratio of non- performing loans is between 4.5 percent and 5 percent, parallel to the industry, he said.

HSBC Turkey targets 40 percent growth in personal loans this year, exceeding a 15 percent growth foreseen in the industry, to increase its market share which is currently at 2.4 percent, according to Turan.

To contact the reporter on this story: Sibel Akbay in Istanbul at sakbay@bloomberg.net

To contact the editor responsible for this story: Aydan Eksin at aeksin@bloomberg.net


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