Hongkong and Shanghai Banking Corporation Limited: Difference between revisions

VisualWikitext
(Content Updated.)
 
No edit summary
 
Line 1: Line 1:
'''Hongkong and Shanghai Banking Corporation Limited''' (HSBC)  a private sector foreign commercial bank, popularly branded as world's local bank. In 1996 Hongkong and Shanghai Banking Corporation Limited opened its first branch in Bangladesh. HSBC has an offshore banking unit (OBU) licence and can therefore provide foreign currency financing to qualifying customers. In addition, it exists in 5 major [[EPZ|epz]] areas including Dhaka, Chittagong, Adamjee, Mongla and Comilla. It has a network of 11 offices, 29 ATMs and 7 Customer Service Centres in Dhaka, Chittagong and Sylhet. The bank offers a full range of personal banking and related financial services including current and savings accounts, personal loans, time deposits, travellers cheques and inward and outward remittances. CEO is the executive head who is assisted by 206 officers and 624 staff members.
'''Hongkong and Shanghai Banking Corporation Limited''' (HSBC)  a private sector foreign commercial bank, popularly branded as world's local bank. In 1996 Hongkong and Shanghai Banking Corporation Limited opened its first branch in Bangladesh. HSBC has an offshore banking unit (OBU) license and can therefore provide foreign currency financing to qualifying customers. In addition, it exists in 5 major EPZ areas including Dhaka, Chittagong, Adamjee, Mongla and Comilla. It has a network of 7 offices, 21 ATMs and 7 Customer Service Centers in Dhaka, Chittagong and Sylhet. The bank offers a full range of personal banking and related financial services including current and savings accounts, personal loans, time deposits, travelers cheques and inward and outward remittances. CEO is the executive head who is assisted by 338 officers and 496 staff members.  


HSBC provides payments and related services to financial institutions, corporate and personal customers in Bangladesh. Its treasury and [[Capital Market|capital market]]s business ranks among the largest in the world and serves the requirements of supranational and central banks, international and local corporations, institutional investors, and financial institutions as well as other market participants. HSBC Bank plays advisory role in the area of [[Deficit Financing|financing]], asset management, equity securities, private banking, trustee, private equity, and treasury and capital market. HSBC Amanah to deal with global Islamic financial services, was established in 1998 and is now based in Dubai, UAE with regional offices in the UK, USA, Saudi Arabia, Malaysia, Indonesia, Bangladesh, Sinagpore and Brunei. HSBC Bangladesh currently offers Amanah Current Account and Amanah Import Finance.
HSBC provides payments and related services to financial institutions, corporate and personal customers in Bangladesh. Its treasury and capital markets business ranks among the largest in the world and serves the requirements of supranational and central banks, international and local corporations, institutional investors, and financial institutions as well as other market participants. HSBC Bank plays advisory role in the area of financing, asset management, equity securities, private banking, trustee, private equity, and treasury and capital market. HSBC Amanah to deal with global Islamic financial services, was established in 1998 and is now based in Dubai, UAE with regional offices in the UK, USA, Saudi Arabia, Malaysia, Indonesia, Bangladesh, Singapore and Brunei. HSBC Bangladesh currently offers Amanah Current Account and Amanah Import Finance.  
 
Basic facts and economic indicators  (in million Taka).


Basic Facts and Economic Indicators (In Million Taka)
{| class="table table-bordered table-hover"
{| class="table table-bordered table-hover"
|-
|-
| Indicators || 2004 || 2005 || 2006 || 2007 || 2008 || 2009
|Indicators || 2018 || 2019 || 2020
|-
|-
|Authorized Capital || N/A || N/A || N/A
|-
|-
| Authorised capital || --- || --- || --- || --- || --- || ---
|Paid up Capital || 4000 || 3136 || 3135
|-
|-
| Paid up capital || 1188 || 2481 || 2581 || 2565 || 2578 || 2590
|Reserved Fund || (52) || 185 || (33)
|-
|-
| Reserved fund || 735 || 1717 || 2627 || 4599 || 5541 || 6938
|Deposits || 255948 || 260640 || 149172
|-
|-
| Deposits || 19918 || 24825 || 33357 || 44859 || 51793 || 56543
|a) Call Deposits || 50258 || 59727 || 72178
|-
|-
| a) Call deposits || 4412 || 5940 || 7747 || 15761 || 9742 || 16141
|b) Term Deposits || 205691 || 200912 || 76995
|-
|-
| b) Term deposits || 15506 || 18885 || 25610 || 29098 || 42051 || 40402
|Loans and Advances || 223069 || 232931 || 237176
|-
|-
| Loans and advance || 15619 || 25898 || 31704 || 41209 || 50166 || 46682
|Investment || 28498 || 34813 || 46180
|-
|-
| Investment || 1546 || 2407 || 3782 || 2460 || 10342 || 18390
|Total Asset || 306802 || 310710 || 328881
|-
|-
| Total asset || 24787 || 37276 || 48806 || 71355 || 81039 || 86724
|Total Income  || 13255 || 15053 || 14520
|-
|-
| Total income  || 1623 || 2632 || 3673 || 4770 || 5859 || 6118
|Total Expenditure || 5233 || 5585 || 5441
|-
|-
| Total expenditure || 1092 || 699 || 788 || 986 || 1277 || 1397
|Foreign Currency Trading || 851141 || 864427 || 689230
|-
|-
| Foreign currency trading || 74281 || 121554 || 164732 || 219353 || 260002 || 270421
|a) Export || 115151 || 326479 || 271914
|-
|-
| a) Export || 27398 || 41385 || 60692 || 73849 || 85740 || 94460
|b) Import || 334472 || 362111 || 328708
|-
|-
| b) Import || 30562 || 46598 || 59972 || 75398 || 92240 || 95830
|c) Remittance || 401519 || 175815 || 88608
|-
|-
| c) Remittance || 16321 || 33571 || 44068 || 70106 || 82022 || 80131
|Total Manpower || 842 || 872 || 834
|-
|-
| Total manpower || 403 || 467 || 607 || 717 || 830 || 830
|a) Officers || 472 || 489 || 338
|-
|-
| a) Officers || 61 || 60 || 67 || 74 || 157 || 206
|b) Staff || 388 || 361 || 496
|-
|-
| b) Staff || 342 || 407 || 540 || 643 || 673 || 624
|Correspondents Banks || 0 || 0 || 0
|-
|-
| Correspondent banks || --- || --- || --- || --- || --- || ---
|Total Branches (in numbers) || 7 || 7 || 7
|-
|-
| Total branches (in numbers) || 5 || 5 || 7 || 8 || 9 || 10
|a) Domestic || 7 || 7 || 7
|-
|-
| a) Domestic || 5 || 5 || 7 || 8 || 9 || 10
|b) Overseas || 0 || 0 || 0
|-
|-
| b) Overseas || --- || --- || --- || --- || --- || ---
|Agriculture Credit
|-
|-
| Agricultural credit  || || ||  ||  ||  ||  
|Loan Disbursed || 1650 || 2262 || 1502
|-
|-
| a) Loan disbursed || --- || --- || --- || --- || 1113 || 1345
|Realised || 1544 || 2401 || 1993
|-
|-
| b) Realised || --- || --- || --- || --- || 550 || 1530
|Industrial Credit
|-
|-
| Industrial credit || || ||  ||  ||  ||  
|Loan Disbursed || 408264 || 446282 || 423818
|-
|-
| a) Loan disbursed || 8012 || 8991 || 9468 || 18225 || 25320 || 3013
|Realsied || 365809 || 435319 || 420749
|-
|-
| b) Realsied || 8307 || 8078 || 6869 || 15633 || 26354 || 4312
|Loan Outstanding by Sector
|-
|-
| Loan outstanding by sector || || ||  ||  ||  ||  
|Agriculture and Fisheries and Forestry || 1141 || 1067 || 1837
|-
|-
| a) Agriculture and fisheries || --- || --- || --- || --- || 563 || 378
|Industry || 29754 || 36255 || 43685
|-
|-
| b) Industry || 3899 || 5628 || 7618 || 9837 || 8804 || 7504
|Trade and Commerce || 4104 || 3442 || 904
|-
|-
| c) Trade and commerce || 1965 || 1970 || 2860 || 5871 || 4380 || 4102
|Poverty Reduction || 0 || 0 || 0
|-
|-
| d) Poverty reduction || --- || --- || --- || --- || --- || ---
|CSR || 25 || 23 || 33.2
|}
|}
''Source''  Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Bank o Arthik Prothisthan Samuher Karjaboli [ Annual Report on Banks and Financial Institutions], 2004-05 to 2009-10..


HSBC in Bangladesh patronizes the development of local culture and human resource also. As a part of its corporate social responsibility (csr) HSBC is involved in investing for education for retarded children, support for the disabled, environment protection and bangla culture and heritage. It has introduced Young Writers and Poets Award, Young Entrepreneurs Award, nationwide competition of Bangla Language learning in collaboration with the Prothom Alo, banking job to the blind people and eye camps. [Muhammad Abdul Mazid]
''Source'' Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, ''Barshik Protibedon'' [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.
 
HSBC in Bangladesh patronizes the development of local culture and human resource also. As a part of its corporate social responsibility (CSR) HSBC is involved in investing for education for retarded children, support for the disabled, environment protection and Bangla culture and heritage. It has introduced Young Writers and Poets Award, Young Entrepreneurs Award, nationwide competition of Bangla Language learning in collaboration with the Prothom Alo, banking job to the blind people and eye camps. [Muhammad Abdul Mazid]


[[Category:Financial Institutes]]
[[Category:Financial Institutes]]


[[bn:হংকং অ্যান্ড সাংহাই ব্যাংকিং কর্পোরেশন লিমিটেড]]
[[bn:হংকং অ্যান্ড সাংহাই ব্যাংকিং কর্পোরেশন লিমিটেড]]

Latest revision as of 20:31, 13 October 2023

Hongkong and Shanghai Banking Corporation Limited (HSBC) a private sector foreign commercial bank, popularly branded as world's local bank. In 1996 Hongkong and Shanghai Banking Corporation Limited opened its first branch in Bangladesh. HSBC has an offshore banking unit (OBU) license and can therefore provide foreign currency financing to qualifying customers. In addition, it exists in 5 major EPZ areas including Dhaka, Chittagong, Adamjee, Mongla and Comilla. It has a network of 7 offices, 21 ATMs and 7 Customer Service Centers in Dhaka, Chittagong and Sylhet. The bank offers a full range of personal banking and related financial services including current and savings accounts, personal loans, time deposits, travelers cheques and inward and outward remittances. CEO is the executive head who is assisted by 338 officers and 496 staff members.

HSBC provides payments and related services to financial institutions, corporate and personal customers in Bangladesh. Its treasury and capital markets business ranks among the largest in the world and serves the requirements of supranational and central banks, international and local corporations, institutional investors, and financial institutions as well as other market participants. HSBC Bank plays advisory role in the area of financing, asset management, equity securities, private banking, trustee, private equity, and treasury and capital market. HSBC Amanah to deal with global Islamic financial services, was established in 1998 and is now based in Dubai, UAE with regional offices in the UK, USA, Saudi Arabia, Malaysia, Indonesia, Bangladesh, Singapore and Brunei. HSBC Bangladesh currently offers Amanah Current Account and Amanah Import Finance.

Basic Facts and Economic Indicators (In Million Taka)

Indicators 2018 2019 2020
Authorized Capital N/A N/A N/A
Paid up Capital 4000 3136 3135
Reserved Fund (52) 185 (33)
Deposits 255948 260640 149172
a) Call Deposits 50258 59727 72178
b) Term Deposits 205691 200912 76995
Loans and Advances 223069 232931 237176
Investment 28498 34813 46180
Total Asset 306802 310710 328881
Total Income 13255 15053 14520
Total Expenditure 5233 5585 5441
Foreign Currency Trading 851141 864427 689230
a) Export 115151 326479 271914
b) Import 334472 362111 328708
c) Remittance 401519 175815 88608
Total Manpower 842 872 834
a) Officers 472 489 338
b) Staff 388 361 496
Correspondents Banks 0 0 0
Total Branches (in numbers) 7 7 7
a) Domestic 7 7 7
b) Overseas 0 0 0
Agriculture Credit
Loan Disbursed 1650 2262 1502
Realised 1544 2401 1993
Industrial Credit
Loan Disbursed 408264 446282 423818
Realsied 365809 435319 420749
Loan Outstanding by Sector
Agriculture and Fisheries and Forestry 1141 1067 1837
Industry 29754 36255 43685
Trade and Commerce 4104 3442 904
Poverty Reduction 0 0 0
CSR 25 23 33.2

Source Government of Bangladesh, Ministry of Finance, Banking and Financial Institution Division, Barshik Protibedon [Annual Report on Banks and Financial Institutions], 2019-20 and 2020-21.

HSBC in Bangladesh patronizes the development of local culture and human resource also. As a part of its corporate social responsibility (CSR) HSBC is involved in investing for education for retarded children, support for the disabled, environment protection and Bangla culture and heritage. It has introduced Young Writers and Poets Award, Young Entrepreneurs Award, nationwide competition of Bangla Language learning in collaboration with the Prothom Alo, banking job to the blind people and eye camps. [Muhammad Abdul Mazid]

Retrieved from "http://en.banglapedia.org/index.php?title=Hongkong_and_Shanghai_Banking_Corporation_Limited&oldid=14435"