Dubai National Bank is reportedly in talks to acquire HSBC's Turkey business.

Glonghui July 1st｜According to Bloomberg, sources revealed that National Bank of Dubai in the UAE is in talks to acquire HSBC Turkey's business. The negotiations are still at an early stage and may not ultimately result in a deal. HSBC Turkey was once one of the largest banks in Turkey, but in recent years it has scaled down its operations in the country. By asset size, the bank now ranks as the 15th largest in Turkey, with total loans accounting for 0.3%. Data from the Banks Association of Turkey shows that the number of HSBC Turkey branches has fallen sharply from 315 in 2013 to about 36 as of March this year.