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Hongkong and Shanghai Banking Corporation Limited


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 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.

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, Sinagpore and Brunei. HSBC Bangladesh currently offers Amanah Current Account and Amanah Import Finance.

Basic facts and economic indicators  (in million Taka).

Indicators 2004 2005 2006 2007 2008 2009
Authorised capital --- --- --- --- --- ---
Paid up capital 1188 2481 2581 2565 2578 2590
Reserved fund 735 1717 2627 4599 5541 6938
Deposits 19918 24825 33357 44859 51793 56543
a) Call deposits 4412 5940 7747 15761 9742 16141
b) Term deposits 15506 18885 25610 29098 42051 40402
Loans and advance 15619 25898 31704 41209 50166 46682
Investment 1546 2407 3782 2460 10342 18390
Total asset 24787 37276 48806 71355 81039 86724
Total income 1623 2632 3673 4770 5859 6118
Total expenditure 1092 699 788 986 1277 1397
Foreign currency trading 74281 121554 164732 219353 260002 270421
a) Export 27398 41385 60692 73849 85740 94460
b) Import 30562 46598 59972 75398 92240 95830
c) Remittance 16321 33571 44068 70106 82022 80131
Total manpower 403 467 607 717 830 830
a) Officers 61 60 67 74 157 206
b) Staff 342 407 540 643 673 624
Correspondent banks --- --- --- --- --- ---
Total branches (in numbers) 5 5 7 8 9 10
a) Domestic 5 5 7 8 9 10
b) Overseas --- --- --- --- --- ---
Agricultural credit
a) Loan disbursed --- --- --- --- 1113 1345
b) Realised --- --- --- --- 550 1530
Industrial credit
a) Loan disbursed 8012 8991 9468 18225 25320 3013
b) Realsied 8307 8078 6869 15633 26354 4312
Loan outstanding by sector
a) Agriculture and fisheries --- --- --- --- 563 378
b) Industry 3899 5628 7618 9837 8804 7504
c) Trade and commerce 1965 1970 2860 5871 4380 4102
d) Poverty reduction --- --- --- --- --- ---

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]