HSBC Bank (Brazil)

HSBC Bank Brasil S.A. - Banco Múltiplo
Company typeSubsidiary
IndustryFinance
Founded1952
HeadquartersSão Paulo, Brazil
Key people
Alexandre B.C. Guião (Chairman)
ProductsFinancial services
RevenueDecrease US$11.4 billion (2012)
Decrease US$595.7 million (2012)
Total assetsDecrease US$56.3 billion (2012)
Number of employees
28,000
ParentHSBC Holdings plc
Websitewww.hsbc.com.br
Palacio Avenida: The headquarters of HSBC Bank Brasil, at Christmas, located in Curitiba.

HSBC Bank Brasil S.A. - Banco Múltiplo is subsidiary of Banco Bradesco in Brazil.

HSBC established Banco HSBC Bamerindus SA to take over Banco Bamerindus do Brasil S.A. in March 1997 and the bank’s name was changed to HSBC Bank Brasil S.A. - Banco Múltiplo in 1999.[1] It was HSBC's lead regional subsidiary in South America and as such it was the regional reporting line for several other countries. It was sold to Bradesco in June 2016.[2]

  1. ^ Gallas, Daniel (2015-06-12). "If HSBC is leaving, why still bank on Brazil?". BBC News. Retrieved 2018-11-26.
  2. ^ Parra-Bernal, Guillermo. "Bradesco wins Brazil approval for $5.2 billion purchase of HSBC unit". U.S. Retrieved 2018-11-26.