HSBC Bank (Chile) is a subsidiary of

HSBC HSBC Holdings plc ( zh, t_hk=滙豐; initialism from its founding member The Hongkong and Shanghai Banking Corporation) is a British universal bank and financial services group headquartered in London, England, with historical and business li ...

. 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 Santiago (, ; ), also known as Santiago de Chile (), is the capital and largest city of Chile and one of the largest cities in the Americas. It is located in the country's central valley and is the center of the Santiago Metropolitan Regi ...

and one in

Valparaíso Valparaíso () is a major city, Communes of Chile, commune, Port, seaport, and naval base facility in the Valparaíso Region of Chile. Valparaíso was originally named after Valparaíso de Arriba, in Castilla–La Mancha, Castile-La Mancha, Spain ...

. 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

External links

HSBC Chile website

Google Maps
{{DEFAULTSORT:Hsbc Bank Chile

Chile Chile, officially the Republic of Chile, is a country in western South America. It is the southernmost country in the world and the closest to Antarctica, stretching along a narrow strip of land between the Andes, Andes Mountains and the Paci ...

Banks of Chile