HSBC Bank (Brazil)
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HSBC Bank Brasil S.A. - Banco Múltiplo is subsidiary of Banco Bradesco in Brazil.
Quick Facts Company type, Industry ...
Company type | Subsidiary |
---|---|
Industry | Finance |
Founded | 1952 |
Headquarters | São Paulo, Brazil |
Key people | Alexandre B.C. Guião (Chairman) |
Products | Financial services |
Revenue | US$11.4 billion (2012) |
US$595.7 million (2012) | |
Total assets | US$56.3 billion (2012) |
Number of employees | 28,000 |
Parent | HSBC Holdings plc |
Website | www |
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HSBC established Banco HSBC Bamerindus SA to take over Banco Bamerindus do Brasil S.A. in March 1997 and the bank’s name was changed to HSBC Bank Brasil S.A. - Banco Múltiplo in 1999.[1] It was HSBC's lead regional subsidiary in South America and as such it was the regional reporting line for several other countries. It was sold to Bradesco in June 2016.[2]