An Overview of the Activities and the Financial Performance of the Hong Kong and Shanghai Banking Corporation Limited (HSBC)

Abstract

The Hongkong Bank had established in Hong Kong and Shanghai in 1865 and it is the founding member of the HSBC Group and its flagship in the Asia-Pacific region. It's headquarter is in the Hong Kong SAR, where it is the leading commercial bank, operating a network of 220 branches that serves three-quarters of the territory's adult population. Elsewhere in Asia-Pacific, Hong-Kong Bank and its subsidiaries provide a wide range of personal and commercial banking and related financial services through some 170 offices in 20 countries and territories. The HSBC Group, one of the world's largest banking and financial services organizations, had its beginnings in Hong Kong more than 130 years ago. Today, the Group operates a network of some 5,000 offices in 79 countries and territories, including around 700 offices in the Asia-Pacific region. At the Group's core around the world are domestic commercial banking and financial services, which fund themselves locally and do business locally. Highly efficient technology links these operations to deliver a wide range of international products and services, adapted to local customers' needs. In Bangladesh, the HSBC Group's history dates back to 1996 when The Hongkong and Shanghai Banking Corporation (HSBC) Ltd opened its first branch. Today, the HSBC Group offers a comprehensive range of financial services in Bangladesh including commercial banking, consumer banking, payments and cash management, trade services, treasury, and custody and clearing.