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Canara HSBC Life Insurance is an Indian life insurance company, headquartered in Gurugram. [5] Established in 2008, Canara HSBC Life Insurance [6] was a joint venture between Canara Bank (51%), HSBC Insurance (Asia Pacific) Holdings Limited (26%) and Punjab National Bank (23%). On 15 June 2022, the company renamed itself as Canara HSBC Life ...
The history of HSBC Insurance can be traced back to when two important companies were established in Hong Kong, namely, Carlingford Swire Assurance (Bermuda) limited, which was set up in 1981 and subsequently renamed HSBC Life (International) Limited in 1992, and Wardley Insurance Company Limited, which was set up in 1978 and subsequently renamed HSBC Insurance (Asia) Limited in 2000.
This came as a surprise after HSBC sold its branch network in Upstate New York in 2012 to First Niagara, KeyBank, Community Bank, N.A. and Five Star Bank. In January 2019, HSBC announced it would open two new branches in Western New York, as part of the bank’s initiative to open 50 branches in new and existing markets in the United States.
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HSBC ceased banking operations in Nicaragua in 2009, [168] Georgia in 2011, [169] Slovakia in 2012, [170] and Palestine in 2015. [171] HSBC disposed of its 70.1% stake in the Dar Es Salaam Investment Bank, a bank based in Iraq, in 2013. [172] HSBC Bank (Turkey) transferred its operations in the Turkish Republic of Northern Cyprus to ALBANK in ...
HSBC Bank Egypt was established in 1982 as Hongkong Egyptian Bank with 40% HSBC ownership. In January 1994, the bank was renamed Egyptian British Bank under the same shareholding structure. The bank took the name HSBC Bank Egypt in April 2001 following an increase in shareholding by the HSBC Group's from 40% to 94.5% of its issued share capital .
HSBC has made significant contributions to the establishment of solid foundations for Thailand's financial and banking sectors. For example, in 1889 HSBC issued the first banknotes in Thailand. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. HSBC's main branch office in Thailand is situated ...
HSBC Sri Lanka is a banking and financial services company in Sri Lanka and is a licensed commercial bank supervised by the Central Bank of Sri Lanka. It is the largest and one of the oldest banks in Sri Lanka. HSBC opened its doors in Sri Lanka in 1892, just 27 years after its first offices were established in Hong Kong and Shanghai.