HSBC Bank

HSBC, formally known as The Hongkong and Shanghai Banking Corporation Limited, is an international banking institution with a long history of supporting global trade and financial transactions. The bank was established in Hong Kong in March 1865 to facilitate trade between Asia and Europe. HSBC's historical connection with the region that is now Bangladesh dates back to the British colonial period. In 1951, Mercantile Bank of India opened an office in Chittagong, then part of East Bengal. The bank later became Mercantile Bank Limited and was acquired by HSBC in 1959. HSBC established its modern banking operations in Bangladesh on 3 December 1996, following the opening of its first branch at Anchor Tower in Dhaka. It received its banking licence from Bangladesh Bank on 17 April 1996. Since then, HSBC has played a role in connecting Bangladeshi businesses with international markets and financial networks.

HSBC Bangladesh has traditionally provided a range of banking services for individual customers, businesses, multinational companies, financial institutions and corporate organizations. Its personal banking services have included current and savings accounts, term deposits, personal loans, debit cards, remittance facilities and internet banking. The bank has also provided specialized services for customers requiring international banking support, including foreign-currency accounts and student file facilities for eligible individuals planning to study abroad. However, HSBC has announced that it is winding down its retail banking business in Bangladesh in phases and new retail products are no longer being offered.

Corporate and institutional banking remains a central part of HSBC's business in Bangladesh. The bank provides financial solutions for local companies, multinational corporations, financial institutions and organizations engaged in international commerce. Its services include working capital finance, term loans, trade finance, international payments, foreign exchange and treasury management. These facilities help businesses manage cash flow, finance commercial activities, and conduct transactions with overseas suppliers and customers. HSBC's international network is particularly relevant to Bangladeshi companies involved in import-export activities and cross-border business expansion.

Another important area of HSBC's operations is transaction banking. Its global payments and cash-management solutions help businesses manage collections, payments, liquidity and international transfers. The bank also provides trade and receivables finance services to support eligible businesses involved in domestic and international trade. Through its treasury and global markets services, HSBC supports corporate and institutional customers with foreign-exchange and other financial-market requirements. In addition, custody and clearing services support securities-related transactions and eligible institutional investment activities.

Technology and international connectivity have been important elements of HSBC's banking operations. Its digital platforms and electronic payment services help corporate customers manage financial transactions and access banking information. The bank's international network enables businesses operating in Bangladesh to connect with overseas markets and manage cross-border financial requirements. Through its corporate banking, trade finance, treasury, payment and institutional services, HSBC continues to serve as an international banking partner for businesses and organizations in Bangladesh. Its changing retail operations also demonstrate the importance of distinguishing between historical products and services currently available to customers.

Registered Name	The Hongkong and Shanghai Banking Corporation Limited
Legal Status	Public Limited Company
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Established	1836
Type	Private Bank
Category	Commercial Bank
Origin	Foreign Bank
Services	Retail Banking Commercial Banking Shariah Banking Loans Deposits
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Corporate Address	Shanta Western Tower, 186 Bir Uttam Mir Shawkat Ali Road, Tejgaon Industrial Area, Dhaka 1208, Bangladesh.
Telephone	+880 96 12771387, +880 96 12771203
Call Center	16240, +880 96127 16240
E-mail Address	contact@hsbc.com.bd
Website	www.hsbc.com.bd
SWIFT Code	HSBCBDDH
Code	115
Service Hours	Sunday: 10:00 am - 4:00 pm Monday: 10:00 am - 4:00 pm Tuesday: 10:00 am - 4:00 pm Wednesday: 10:00 am - 4:00 pm Thursday: 10:00 am - 4:00 pm Friday: Closed Saturday: Closed
Rate this Bank	Rating 2.5, based on 618 votes.