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If you’re looking for a new finance product you might like to know a bit more about the various institutions before you approach them regarding a loan, credit card or savings plan. Let’s take a look at the Hongkong and Shanghai Banking Corporation, commonly referred to as HSBC.
HSBC is the largest banking and financial services organisation in the world, just pipping Citibank to the post with US$1.61 trillion in assets in 2006, with 10,000 offices in 82 countries across the world. Around 200,000 shareholders have shares in HSBC holdings on the London, Hong Kong, New York and Bermuda stock exchanges. Based in London since 1991, when the organisation left Hong Kong, the HSBC Group takes its name from the Hong Kong and Shanghai Banking Corporation, established in 1865 to finance British imperial trade. In 1998 it adopted its hexagon symbol worldwide with the aim of maximising brand recognition.
About HSBC Bank Australia Ltd
HSBC arrived in Australia shortly after Citibank, gaining its banking licence in 1986. It is beginning to expand its operations, although appears to be focusing efforts in urban areas – most of its branches are located in Sydney, with twelve customer banking branches across the city. It now offers a full range of personal banking options, ranging from savings accounts, to home and personal loans, credit cards, superannuation and insurance, as well as investing options and help with financial planning. HSBC is able to use its international presence to promote the use of its “HSBC Premier” card scheme aimed at frequent travellers.
Using the slogan “the world’s local bank” HSBC offers significant expertise in the field of corporate banking, from providing accounts, to treasury and capital market advice.
Contact HSBC
Level 32, 580 George Street,
Sydney NSW 2000
Phone: 1300 308 008
Fax: (02) 9006 5440