Quick Answer: Is HSBC in Africa?

The HSBC Group established a presence in sub-Saharan Africa in 1981 and entered the South African market in 1995. … The Bank’s principal activities in South Africa are providing banking services to our corporate and wholesale clients, as well as a representative office for the Private Bank.

Is there HSBC in Africa?

HSBC Africa has had a presence in South Africa since 1995. It is a subsidiary of the British multinational banking and financial services company HSBC. It has three branches in the country (in Johannesburg, Cape Town, and Durban) as well as offices and branches in Nigeria, Angola and Kenya.

What countries is HSBC bank in?

We serve more than 40 million customers through our global businesses: Wealth and Personal Banking, Commercial Banking, and Global Banking & Markets. Our network covers 64 countries and territories in Europe, Asia, the Middle East and Africa, North America and Latin America.

What banks are in Africa?


  • Access Bank plc, d.b.a. Finbank.
  • Bank of Africa.
  • Banque Belgo – Africaine.
  • Diamond Trust Bank Group.
  • Ecobank.
  • Interbank Burundi.
  • Kenya Commercial Bank.
  • United Bank for Africa.
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Does HSBC operate in South Africa?

About HSBC in South Africa

HSBC South Africa is a branch of HSBC Bank plc (incorporated in the United Kingdom). Today, HSBC South Africa’s principal activity is global banking and markets. Our commercial banking business offers services to large local and international corporates.

What bank does HSBC stand for?

HSBC has developed a number of traditions over its years in business and employed people who would later find fame in other fields. For example: The bank’s name is derived from the initials of The Hongkong and Shanghai Banking Corporation Limited, the founding member of HSBC.

Is HSBC in Japan?

HSBC was one of the first foreign banks to operate in Japan, opening a branch in Yokohama in 1866. It has branches in Tokyo and Osaka which provide services to corporate clients. …

Which country owns HSBC Bank?

HSBC Holdings plc is a British multinational investment bank and financial services holding company.

Is HSBC a safe bank?

Like any major U.S. bank, HSBC Bank is a member of the FDIC, which means your accounts will be protected by deposit insurance. However, HSBC is somewhat limited in the U.S. and isn’t the strongest option for domestic banking if you don’t live within its service footprint.

Is HSBC a good bank in Australia?

All of HSBC’s transaction accounts include a linked Visa Debit card, fee-free access to over 3000 ATMs Australia-wide, which include those from HSBC and banks that offer access to fee-free ATMs, access to mobile and internet banking, and are rated 5 stars for outstanding value by Canstar.

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What is the richest bank in Africa?

Top Banks in Africa

Rank Bank Total Assets, US$bn
1 Standard Bank Group 184.518
2 Absa Group 97.241
3 FirstRand 94.144
4 Nedbank Group 80.110

Which bank is best in Africa?

Regional Standout

For the second year in a row, Standard Bank has emerged as the Best Bank in Africa as well as Best Bank in South Africa. This comes against the backdrop of a tough year for the group, which operates in 20 markets on the continent.

Which is biggest bank in Africa?

South Africa’s Standard Bank Group was the largest bank in Africa as of 2020, with total assets worth nearly 162 billion U.S. dollars. With operations in 20 countries in the continent, the bank group also led the African banking sector by tier 1 capital.

What are the top 5 banks in South Africa?

South Africa’s best and worst banks according to customers

# Bank 2019 score
1 Capitec 84.0
2 African Bank 85.7
3 Nedbank 80.2
4 FNB 79.9

What happened to HSBC Bank?

HSBC Is Closing — What Will Happen to Your Checking and Savings Accounts? British bank HSBC Holdings PLC announced Wednesday that it will sell most of its retail locations across the U.S., reducing 148 branches down to 58 and winding down an additional 35 to 40 branches.

Which banks are international banks?

Best banks for international travel

  • Charles Schwab Bank: Best for using ATMs.
  • Capital One 360: Best on foreign transaction fees.
  • HSBC Bank: Best for expats.
  • Citibank: Best for wiring money.
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