HSBC Bank Brasil S.A.- Banco Multiplo

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HSBC Bank Brasil S.A. - Banco Múltiplo
Type	Subsidiary of HSBC Holdings plc
Founded	1952
Headquarters	Curitiba, Brazil
Key people	Youssef Nasr, President
Industry	Finance and Insurance
Products	Financial Services
Employees	28,000
Slogan	The world's local bank
Website	www.hsbc.com.br

HSBC Bank Brasil S.A. - Banco Múltiplo is HSBC's bank in Brazil and was established in March 1997, when Banco HSBC Bamerindus S.A. was set up to take over the assets, liabilities and subsidiaries of Banco Bamerindus do Brasil S.A., which had been established in 1952. By the time of its acquisition, the bank had almost 1,300 branches, plus insurance, leasing and securities businesses, among others. The bank’s name was changed to HSBC Bank Brasil S.A. - Banco Múltiplo in 1999. The headquarters are located in Curitiba. HSBC is now among the ten largest banks in Brazil, with more than 1,700 branches and sub-branches in 550 Brazilian cities.

[edit] See also

• HSBC

[edit] External links

• HSBC Bank Brasil website