ICBC Turkey Bank A.Ş.,[2] formerly known as Tekstilbank A.Ş. was founded in 1986. In 2014, GSD Holding A.Ş sold their 75.5% stock to Industrial and Commercial Bank of China (ICBC). The acquisition completed in April 2015. In November 2015, the name of the bank changed to "ICBC Turkey".[3] In July 2018, ICBC provided a $3.6-billion loan package for the Turkish energy and transportation sector.[4] The remaining 24.5% stock is public and is operated in Borsa Istanbul.[5] ICBC Yatırım, a subsidiary of ICBC, provides support to stock market investors.[6]