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Wealth Hongkong and Shanghai Banking Corporation (HSBC): Illustrious Years of Banking

Hongkong and Shanghai Banking Corporation (HSBC): Illustrious Years of Banking

Hongkong and Shanghai Banking Corporation (HSBC): Illustrious Years of Banking
The HSBC Makati branch façade
By Philippine Tatler
September 15, 2019
With 143 years of banking in the Philippines, the Hongkong and Shanghai Banking Corporation (HSBC) offers HSBC Premier, giving Filipinos access to global expertise on wealth management, international connectivity and safety and protection. HSBC Premier enables fulfilment of one’s ambition of financial stability for them and build a legacy for their families

Pass on a wealth of possibilities

Supported by a team of wealth and transactional specialists, a team of dedicated HSBC Premier Relationship Managers are devoted to help identify and achieve one’s financial goals. They are committed to serve their clients and will only recommend products that are most suited for their needs - may it be health, wealth, buying a property, taking out a loan, supporting their children’s education, or passing their legacy to their loved ones.

With HSBC Premier, you can already open a Premier account for your child even before his first birthday and share your privileges with them here and abroad while they’re on their own journey to financial independence.

Pass on a world of curiosity

As an HSBC Premier customer, you enjoy worldwide recognition, which means you can have access to HSBC International Banking Centres (IBC) to meet cross-border banking and wealth management needs. IBC also allows you to open an account for free in any country where HSBC operates. Through IBC, you can also transfer your credit history to a new country.

You can also manage your personal HSBC bank accounts worldwide with a single log-on to your Personal Internet banking account. Transfer funds within HSBC accounts near real-time and for free via the Global Transfers facility. Pass on that feeling of peace of mind HSBC Premier gives you peace of mind knowing that the future you’ve worked so hard for is in safe hands. HSBC Insurance Brokers (Philippines) Inc. (INPH) offers a wide range of insurance products which include health, travel, and term insurance as well as income protection. A team of insurance specialists can conduct a comprehensive review of your needs, based on your risk appetite and investment objectives. They can discuss available solutions with different coverage and payment terms.

Take advantage of the benefits of HSBC Premier
Take advantage of the benefits of HSBC Premier

Pass on that feeling of peace of mind

HSBC Premier gives you peace of mind knowing that the future you’ve worked so hard for is in safe hands. HSBC Insurance Brokers (Philippines) Inc. (INPH) offers a wide range of insurance products which include health, travel, and term insurance as well as income protection. A team of insurance specialists can conduct a comprehensive review of your needs, based on your risk appetite and investment objectives. They can discuss available solutions with different coverage and payment terms.

HSBC in the Philippines

The history of HSBC in the Philippines goes back a long way to the latter years of Spanish colonisation. On November 11, 1875, the bank established its first branch on 90 Rosario Street (now Quintin Paredes Street) in Binondo, Manila, becoming the first foreign bank in the country.

In 1883, in the early years of its operation, HSBC saw the need to open another branch in the province of Iloilo to service the booming Philippine sugar industry.

After almost a century, in 1971, the first branch in Binondo moved to Makati City. Ten years later, in 1981, the Iloilo branch was closed.

The Foreign Bank Liberalisation Act of 1994, which was enacted to “create a more competitive environment and encourage greater foreign participation,” made it possible for HSBC to reopen a branch in Binondo in 1995 and open in Cebu in 1996. In 1999, it extended its services in Quezon City.

HSBC saw the need to cater to the growing needs of its clients in the Mindanao region; therefore it established another branch in Davao, Mindanao’s central business district, in 2006.

Today, HSBC Philippines has a total of 10-strong branch network (including 3 branches of the locally incorporated HSBC Savings Bank) located in Metro Manila, Cebu and Davao. Throughout its 143 history, the bank’s presence and its accomplishments have been pivotal to the economic development of the Philippines.

HSBC
HSBC Centre, 3058 Fifth Avenue West,
Bonifacio Global CityTaguig City, 1634
T: +63(2) 8858-0800 • +63(2) 7976-8080
www.hsbc.com.ph

 

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