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Bomb blasts in Istanbul - HSBC remains committed to Turkey

20 November 2003

Following today’s tragic events in Istanbul, in which two HSBC buildings were damaged by bomb blasts, we are working to ascertain the welfare of our staff in the city. At this stage it is clear that a number of our colleagues have been injured and some may have lost their lives. We await clear details from Istanbul.

"Our thoughts are with our colleagues and their families," said Stephen Green, HSBC’s Group chief executive. "We are, of course, doing everything possible to support our colleagues in Turkey as they deal with these tragic events."

"We would like to confirm that HSBC remains totally committed to its business in Turkey. This is an important country for our Group and one we have served for over a decade. There is absolutely no question of HSBC withdrawing from Turkey."

HSBC’s business in Turkey remains fully operational, although we temporarily closed our branches this afternoon on the advice of the authorities. We intend to open for business as normal tomorrow.