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(Redirected from HSBC Bank Chile)
This article is about the bank in Chile. For the global HSBC Group, see HSBC. For other individual entities of the group, see HSBC Bank.
This article's lead sectionmay be too short to adequately summarize the key points. Please consider expanding the lead to provide an accessible overview of all important aspects of the article. (January 2024)
HSBC Bank (Chile) is a subsidiary of HSBC. 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.
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HSBC
