Kalpana Kalpana (Editor)

HSBC Bank (Chile)

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Covid-19
Industry  Finance and Insurance
Products  Financial Services
Headquarters  Santiago
Key people  Alberto A Silva, CEO
Website  www.hsbc.cl/
HSBC Bank (Chile) wwwrelbankscomimageschilehsbcchilejpg
Type  Subsidiary of HSBC Holdings plc
Motto  El Chile y en el mundo, HSBC
Parent organizations  HSBC, HSBC Latin America Holdings (UK) Limited

HSBC Bank (Chile) is a subsidiary of HSBC Group. Presently, the bank is focusing on corporate banking and global Treasury.

History

The HSBC Group has had a presence in Chile since 1981. By 1985 it had three branches, two in Santiago and one in Valparaíso. In 1993 HSBC sold its operations to Banco O'Higgins, which was owned by the Luksic Group. In 1997 a merger between Banco O'Higgins and Banco de Santiago created Banco Santiago, one of the largest local banks in Chile and one in which HSBC continues to have a 7% shareholding. The acquisition of the former Republic National Bank of New York returned HSBC to Chile through two full service branches of HSBC Bank USA, in addition to a domestic factoring business.

References

HSBC Bank (Chile) Wikipedia


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