HSBC Turkey Targets 20% Loan Growth

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

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

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