HSBC Bank (Chile)

From Wikipedia, the free encyclopedia
  (Redirected from HSBC Chile)
Jump to: navigation, search
HSBC Bank (Chile)
Subsidiary of HSBC Holdings plc
Industry Finance and Insurance
Headquarters Santiago, Chile
Key people
Alberto A Silva, CEO
Products Financial Services
Website www.hsbc.cl/

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

History[edit]

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.

External links[edit]