British group HSBC has acquired the private Turkish bank DEMIRBANK (198 branches, 3,700 employed), placed under State trusteeship, for the sum of EUR 377 million. Due to a "crash" last November through a lack of liquidity, followed by a second crisis in February, the Turkish bank had been placed under State guardianship last year and put up for sale on 25 January. See EI of 23 March.