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Palacio Avenida: The headquarters of HSBC Bank Brasil, located in
Curitiba.
HSBC Bank Brasil S.A. - Banco Múltiplo is HSBC's bank in Brazil and was established in March 1997, when Banco HSBC Bamerindus SA 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] South American operations
HSBC Bank Brazil is the lead regional subsidiary in South America, and as such is the regional reporting line for several other countries.
[edit] Paraguay
HSBC Bank Paraguay SA, Lloyds TSB Bank Paraguay was acquired by HSBC Group in 2007.
[edit] Argentina
[edit] See also
[edit] External links
