Hongkong And Shanghai Banking Corporation

Sir I want some details about the Hongkong And Shanghai Banking Corporation so can you tell me the same

[Pathak]

Hey The Hongkong and Shanghai Bank was established in Hong Kong in 1865 and was incorporated as The Hongkong and Shanghai Banking Corporation in 1866, when Hong Kong had been in those times a colony within the British Empire, and has been based in Hong Kong (although now as a subsidiary) ever since.


Working Area

Commercial Banking

HSBC Global Banking and Markets

Private Banking


Key features of the company


Pre-tax profit HK$111,189m (HK$144,756m in 2013)

Attributable profit HK$86,428m (HK$119,009m in 2013)

Return on average shareholders’ equity of 16.9% (25.9% in 2013)

Assets up 7% to HK$6,877bn (HK$6,439bn at 31 December 2013)

Common equity tier 1 ratio of 14.4%, total capital ratio of 15.7% (14.1% and 15.2% in 2013)

Cost efficiency ratio of 42.1% (33.9% in 2013)

In 1959 HSBC acquired The Mercantile Bank of India, London and China, established in October 1853 in Bombay.

HSBC is now one of the fastest growing foreign banks in India,both in domestic banking and support operations for worldwide operations (see Group Service Centres).