HSBC Bank Australia

HSBC Bank Australia Limited
Subsidiary
Industry Finance and Insurance
Founded 1965
Headquarters Sydney, Australia
Key people
 Tony Cripps, CEO
Products Financial Services
Parent HSBC Group[1]
Website www.hsbc.com.au

HSBC Bank Australia Limited (formerly the HongkongBank of Australia Limited) was granted a banking licence in 1986 having been established as HSBC Finance Company Limited in 1965. It is part of the worldwide HSBC Group.[2] HSBC Bank Australia is a leading international bank in Australia, offering a full range of banking products and services to the retail, commercial, corporate and institutional sectors.

Australian banking

HSBC Bank Australia offers a full range of financial services through a network of 25 branches as well as via direct channels. The 25th HSBC branch was opened in North Sydney on 20 April 2010 by the Hon. Joe Hockey, Member for North Sydney and current Treasurer. The new North Sydney branch marks the start of HSBC's expansion of its Australian branch network, with media reports suggesting it will open up to 100 new branches in Australia.[3]

History

HSBC was granted a banking licence in Australia in 1986, after the Australian federal government changed the rules to allow foreign banks into the country. HSBC was not the first foreign bank to enter Australia, the first was Chase-AMP, but HSBC was one of the first foreign entrants into the business banking sector.

See also

References

  1. ↑
  2. ↑
  3. ↑ John, Danny (5 April 2010). "HSBC muscles in on the high street". The Sydney Morning Herald.



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