HSBC Bank Australia Limited (formerly the Hongkong Bank of Australia Limited[2]) is the Australian subsidiary of HSBC.[1] The bank offers a wide range of financial services in Australia through a network of 36 branches and offices. These services include retail and commercial banking, financial planning, trade finance, treasury, and financial markets, payments and cash management, and securities custody.
HSBC Bank Australia was granted a banking licence in 1986, although the bank had originally established an Australian presence as Hongkong Finance Ltd in 1964.[3] It is a foreign bank in Australia, offering a wide range of banking products and services to the retail, commercial, corporate and institutional sectors.
The bank's headquarters is located in Barangaroo, a suburb in central Sydney.
History
HSBC was granted an Australian banking licence 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