HSBC was born from a single, simple idea – a local bank that will serve international needs. In March 1865, it opened its doors for business in Hong Kong. These days, they serve around 51 million customers in 73 countries and territories.
HSBC was established in 1865 in order to finance trade between Europe and Asia. For 150 years, they have been connecting customers to communities. They enable businesses to thrive and economies to prosper, assisting individuals to realize their ambitions.
In Oman, they have been operating since 1948. For two decades, they were the only bank that operates in the country. In 1970, it helped in the first issue of the Omani currency. Over the years, the bank has provided a number of “firsts” for Oman – these include being the first to offer ATMs, introduce online banking system, offer international ATM cash withdrawals, and provided commercial electronic banking via its “Hexagon” product.
The company’s main objective is to be among the leading international bank in the world. They help small and large companies to grow domestically and internationally. Also, they are developing wealth management services as well as investing in retail banking in markets where they can achieve profitable scale.
They highly emphasized that they put great emphasis on their values. They want to make sure that their employees feel empowered to perform the right thing as well as to act with courageous integrity. They say that doing this will help them meet the expectations of the society, customers, regulators, and investors.
HSBC Banking Services
Commercial Banking – They operate in around 60 countries and territories, covering both developed and developing markets that matter most to their clients. Through their teams of relationship managers, they connect businesses to opportunities with an aim of helping them grow and thrive. They provide small, mid-market and huge companies with the tools they need for them to function effectively.
Global Banking & Markets – They provide financial services as well as products to governments, institutions, and corporates. They partner with their clients in helping them achieve consistent, long-term performance whilst providing commercial opportunities.
Global Private Banking – They provide tailored private banking, investment and wealth management services to entrepreneurs, business owners, senior executives and their families. This service works under the marketing name of HSBC Private Bank.
Retail Banking & Wealth Management – They offer a wide range of services which include mortgages, personal banking, credit cards, savings, insurance, and investments. They are very committed to establishing long-term relationships with their clients by offering products and services to help them reach their aspirations and goals.
Did You Know?
- The hexagon symbol of HSBC was developed from the original house flag of the bank which was based on the cross of St. Andrew.
- The very first business recorded in the first current account ledger is still a client of the bank today.
- The HSBC lions are nicknamed Stilt and Stephen after senior managers from the 1920s.
You can learn more about the company along with the products and services they offer by checking out www.hsbc.co.om.