Key Facts

• Emirates NBD PJSC is in talks to buy HSBC Holdings Plc’s Turkey operations, according to people familiar with the matter.
• The discussions are currently underway, with details of the potential deal yet to be disclosed, including the terms of the acquisition and the timeline for completion.
• HSBC Holdings Plc has a significant presence in Turkey through its local operations, which could be acquired by Emirates NBD PJSC if the talks are successful.
• The acquisition would mark a significant expansion of Emirates NBD's presence in Turkey, potentially strengthening its position in the country's banking sector.
• Emirates NBD PJSC, a major banking group in the Middle East, has been actively pursuing growth opportunities through strategic acquisitions and partnerships in recent years.