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

History

The HSBC Group has had a presence in Chile since 1981. By 1985 it had three branches, two in

Santiago Santiago (, ; ), also known as Santiago de Chile, is the capital and largest city of Chile as well as one of the largest cities in the Americas. It is the center of Chile's most densely populated region, the Santiago Metropolitan Region, whos ...

and one in

Valparaíso Valparaíso (; ) is a major city, seaport, naval base, and educational centre in the commune of Valparaíso, Chile. "Greater Valparaíso" is the second largest metropolitan area in the country. Valparaíso is located about northwest of Santiago ...

. 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 Republic New York Corporation was the holding company for Republic National Bank of New York, Safra Republic Holdings, and Safra Republic Bank. The company was controlled by billionaire Edmond Safra, who was killed in a fire in his Monte Carlo ...

returned HSBC to Chile through two full service branches of HSBC Bank USA, in addition to a domestic factoring business.

External links

HSBC Chile website
{{DEFAULTSORT:Hsbc Bank Chile

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the east a ...

Banks of Chile