Hongkong Shanghai Banking Corporation Ltd

About Hongkong Shanghai Banking Corporation Ltd

Hongkong Shanghai Banking Corporation Ltd, also known as HSBC Bank, is a fully owned subsidiary of the HSBC Group. The business of the bank ranges from private banking, personal finance, and commercial banking to corporate and investment banking. The HSBC group has more than 9000 offices in about 86 countries ranging from Asia-Pacific region, Europe, the Americas, Africa and the Middle East. The bank provides a comprehensive range of services from Private Banking, Commercial Banking, Personal Financial Services, Corporate, Investment Banking and Markets. Set up in Hong Kong in the year 1865, the bank works towards fulfilling its obligations towards customers, shareholders and employees efficiently.

Hongkong Shanghai Banking Corporation Ltd: A brief History

The Hongkong & Shanghai Banking Group is one of the leading banking and financial services organizations around the world. Hongkong Shanghai Banking Corporation Ltd was set up in by local merchants to finance and facilitate the growing trade between Europe and China after the Opium War. The founder was a Scotsman named Thomas Sutherland, who realized the need for local banking facilities both in China and Hong Kong and thus worked towards establishing the bank. Over a period of time the bank established a network of branches and agencies based mainly in China and South East Asia and also in the Indian Sub continent, Europe, North America and Japan. Hongkong Shanghai Banking Corporation Ltd was a pioneer of banking in many places, where the branches were set up. HSBC Bank in India offers a wide range of services to its clients from corporate and commercial banking with a special focus on personal banking.

Services Offered by Hongkong & Shanghai Banking Corporation Ltd

The Hongkong Shanghai Banking Corporation Ltd offers various services to its clients based on their requirements. Some of the banking services offered by the bank consists -

• Investment Banking
• Credit Cards
• Personal Loan
• Mortgages
• Home Loans and Other Loans
• Bank Accounts
• NRI Services
• International Services and Loans
• Insurance
• Wealth Management
• Internet and Self Service Banking
• Commercial Banking Services
• Supply Chain and Trade
• Loans and Finances

HSBC Operations

The Hongkong Shanghai Banking Corporation Ltd is a known player in banking circles for its conservative and risk reluctant approach in undertaking its business operations. As per the Forbes Magazine in 2008, HSBC was the fourth largest bank in the world in regards to assets amounting to $2,348.98 billion, the second largest in regards to sales amounting to $146.50 billion and the largest in terms of market value amounting to $180.81 billion. HSBC was also found to be the most profitable bank in the world in the year 2007 amounting to $19.13 billion total income.

The Hongkong Shanghai Banking Corporation Ltd Global

Americas
HSBC Bank Argentina SA
The Bank of Bermuda Limited
HSBC Bank Brasil SA
HSBC Bank Canada
HSBC Chile
Banco HSBC (Costa Rica)
HSBC El Salvador
HSBC Mexico, SA
HSBC Panama
HSBC USA NA

Asia Pacific
HSBC Bank Australia Limited
HSBC Bangladesh
HSBC Bank (Chinna) Company Limited
HSBC India
HSBC Bank Malaysia Berhad
HSBC Bank (Vietnam) Company Limited
HSBC Thailand
HSBC Sri Lanka

Europe
HSBC Bank Armenia cjsc
HSBC Spain
HSBC Bank AS Turkey
HSBC Private Bank Switzerland

Middle East & Africa
HSBC Bank Egypt SAE
HSBC Bank Middle East Limited
HSBC Saudi Arabia Limited

Address
52/60, Mahatma Gandhi Road Fort
City: Mumbai
Pin: 400 001
State: Maharashtra
Phone No.: +91-22-22674921
Fax: +91-22-22658309

Last Updated on 12/28/2011

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