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.

HSBC Bank (Chile) is a subsidiary of HSBC. Presently, the bank is focusing on corporate banking and global Treasury.

HSBC Bank (Chile)

Company type	Subsidiary of HSBC Holdings plc
Industry	Finance and Insurance
Headquarters	Santiago, Chile, Santiago , Chile
Key people	Alberto A Silva, CEO
Products	Financial services
Website	www.hsbc.cl/

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.