HSBC Bank Canada

HSBC Bank Canada
FormerlyHongkong Bank of Canada
Company typeFormer subsidiary
IndustryBanking
FoundedJuly 1, 1981; 43 years ago (1981-07-01)
DefunctMarch 31, 2024; 7 months ago (2024-03-31)
FateAcquired by the Royal Bank of Canada (RBC)
Headquarters885 West Georgia Street
Vancouver, British Columbia
V6C 3E9
Key people
ProductsFinancial services
RevenueIncrease CA$2.22 billion (2021)[1]
Increase $717 million (2021)[1]
AUMIncrease $224 million (2021)[1]
Total assetsIncrease $119.85 billion (2021)[1]
Total equityIncrease $6.88 billion (2021)[1]
Owner
Number of employees
5,500+ (FTE, 2020)
Websitewww.hsbc.ca

HSBC Bank Canada (French: Banque HSBC Canada), formerly the Hongkong Bank of Canada (HBC), was a British-Canadian chartered bank and the former Canadian subsidiary of British multinational banking and financial services company HSBC.

It was the seventh largest bank in Canada, with offices in every province except Prince Edward Island, and was the largest foreign-owned bank in the country. The corporate headquarters were located at the HSBC Canada Building in downtown Vancouver, British Columbia.

On March 28, 2024, the Royal Bank of Canada closed their acquisition of HSBC Canada.[2][3] Its Institution Number (or bank number) was 016.

  1. ^ a b c d e "2021 Annual Report and Accounts". All reporting. HSBC Bank Canada. Retrieved March 13, 2022.
  2. ^ "HSBC Sale Announcement - HSBC Canada". www.hsbc.ca. Retrieved March 29, 2024.
  3. ^ "RBC completes acquisition of HSBC Bank Canada". Cision Canada. Retrieved April 1, 2024.