HSBC is one of the oldest banking groups in the modern world. The bank is known locally in the expatriate community simply as The Bank or as “Hong Kong Bank. The Hong Kong and Shanghai Banking Corporation Limited, based in Hong Kong, are a wholly owned subsidiary and the founding member of the HSBC Group, which is traded on several stock exchanges as HSBC Holdings plc. The business ranges from the traditional High Street roles of personal finance and commercial banking, to corporate and investment banking, and private banking. It is the largest bank in Hong Kong and has offices in Asia Pacific region. HSBC Private Bank is the group’s private banking operation, providing ...view middle of the document...
Today, whilst no single geographical area dominates the group’s earnings; Hong Kong still continues to be a significant source of its income. Recent acquisitions and expansion in China are returning HSBC to part of its roots.
HSBC BUSINESS TYPE
HSBC is the most/first largest financial institute within the United Kingdom, not only to mention that this organization is the world’s most second largest banking and financial service provider in the world! With a well-established business throughout the world,
providing a wide variety of services, to those who seek help; financially, such services include: personal financial services (which include current and savings account, mortgages, insurance, credit, cards, loans, pensions and investments), consumer finance (credit cards, consumer loans, vehicle finance, etc), commercial banking (this
is aimed at small or medium-size enterprises), corporate, investment banking and markets and private banking, is all part of the lines of business HSBC operates in.
THE HONGKONG AND SHANGHAI BANKING CORPORATION (HSBC) LTD
• Opened first Bangladesh branch in December 1996
• Network of 11 offices
• 802 employees as of 23 April 2009
• Key business areas:
Personal Financial Services
Corporate and institutional banking
HSBC’s operations in Bangladesh:
In Bangladesh, the HSBC Group’s history dates back to 1996 when The Hongkong and Shanghai Banking Corporation (HSBC) Ltd opened its first branch. Today, the HSBC Group offers a comprehensive range of financial services in Bangladesh including commercial banking, consumer banking, payments and cash management, trade services, treasury, and custody and clearing.
With 11 offices, 29 ATMs and 7 Customer Service Centres in Dhaka, Chittagong and Sylhet and Business Development offices in Dhaka and Chittagong Export processing Zones. HSBC offers a full range of...