Hsbc bank south africa. With the sale of its businesses...

  • Hsbc bank south africa. With the sale of its businesses across South Africa, HSBC would have largely exited sub-Saharan Africa. HSBC is exiting SA after 29 years as it looks to focus on its Asian operations. Swiss private bank Banque Pictet & Cie establishes its first office in South Africa, a move into the African market. Sep 1, 2025 · HSBC, based in the UK and one of the biggest finance houses in the world, announced in September 2024 that it would be closing up shop in South Africa after 30 years. HSBC is officially exiting South Africa. The Bank’s principal activity in South Africa is providing banking services to our corporate and wholesale clients. Help Centre Popular topics Why HSBC Visit our site to learn why HSBC is the world’s leading credit issuing bank and number one in receivables and supply chain finance. HSBC Private Bank (Suisse) SA, a Swiss licensed Bank and a South African licensed Financial Service Provider, under number 49434. This will be the first time a HSBC SVNS tournament is held on African soil outside of South Africa. HSBC Private Bank has officially exited South Africa after nearly three decades, following the South African Reserve Bank’s (SARB) decision to withdraw its consent for the British lender to operate in the country. Thu, 25th Nov 2021 13:08 JOHANNESBURG, Nov 25 (Reuters) - Deutsche Bank has hired a team of four bankers from HSBC to bulk up its private banking business in South Africa, according to an Sept 13 (Reuters) – HSBC Holdings is in talks to sell its South African corporate banking business to a unit of FirstRand FSRJ. HSBC BANK South Africa Bank Branch Code list. Our commercial banking business offers services to large local and Hanni Pankow: hanni. [11][12][13] The following year (1992), HSBC took over Midland Bank, becoming one of the largest domestic banks in the United Kingdom. A comprehensive list of companies available on stock exchanges that can be browsed alphabetically, by sector, or by country. HSBC South Africa About HSBC in South Africa The HSBC Group established a presence in sub-Saharan Africa in 1981 and entered the South African market in 1995. Welcome to HSBC South Africa HSBC South Africa, part of the HSBC Group, offers its clients global reach and connectivity as well as in-depth local knowledge. Norton Rose advised HSBC on the transfer of its South African branch business to FirstRand Bank in 2024, while HSF Kramer and Bowmans acted on other mandates. The transition will be led by FirstRand’s corporate and investment banking division, Rand Merchant Bank (RMB), a prominent player in both South Africa and the broader African market. Find SWIFT codes for all banks and institutions in South Africa. Sep 26, 2024 · HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, as it exits from the country entirely amid a Sep 20, 2025 · HSBC has closed its doors in South Africa, with the South African Reserve Bank gazetting the official notice of the withdrawal of consent for the bank’s representative office, marking the end of the group’s physical presence in the country. Sep 22, 2025 · HSBC Holdings Plc has officially exited South Africa, ending a three-decade run which will see its assets and operations transferred to FirstRand, the country’s largest lender by market capitalisation. HSBC has also been selling non-African international businesses. Secretary Bessent Announces 2026 G20 Finance Track Agenda and Finance Ministers and Central Bank Governors Meeting in Asheville, North Carolina February 18, 2026 🔴HSBC Bank Closes Its Doors in South Africa🔴 HSBC has closed its doors in South Africa, with the South African Reserve Bank gazetting the official notice of the withdrawal of consent for the bank’s representative office, marking the end of the group’s physical presence in the country. . com, your online source for breaking international news coverage. Today, HSBC South Africa’s principal activity is global banking and markets. South Africa, Canada, Argentina and Belgium qualified from the HSBC SVNS 3 qualifiers in Dubai earlier in 2026 and join eight sevens nations in Kenya in the first of the three legs in the Division. Following a strategic review, HSBC's legal entities in South Africa will be wound down while ensuring compliance with regulatory and customer commitments. Client Feedback HSBC Bank plc – Johannesburg Branch 1 Mutual Place 107 Rivonia Road Sandton, Johannesburg 2196 South Africa Telephone: +27 0 (11) 676 4200 E-mail: clientfeedback@za. Sep 26, 2024 · As announced on 26 September 2024, HSBC has reached an agreement to transfer the business of its branch in South Africa to FirstRand Bank Limited. HSBC South Africa is a branch of HSBC Bank plc (incorporated in the United Kingdom). HSBC Holdings Plc has officially exited South Africa, ending a three-decade run which will see its assets and operations transferred to FirstRand. The South African Reserve Bank confirmed the closure of HSBC Private Bank in the country, effective from 1 September 2025. HSBC’s connectivity and worldwide footprint enables us to offer our corporate clients a global perspective combined with local knowledge and expertise. Our commercial banking business offers services to large local and The British finance institution has serviced South Africa for nearly 30 years. The complete list of HSBC BANK all branches universal Bank Code, Branch Code, SWIFT Code, SORT Code, Branch Address, Phone number & other details. Find a comprehensive list of universal branch codes for South African banks provided by Peach Payments. Through our teams of relationship managers we connect businesses to opportunities, helping them to thrive and grow. The South African banking sector is in for some major changes next year, including closures and new players popping up onto the scene, Cape {town} Etc reports. Please note that there are currently no open roles available in South Africa. On Thursday, FirstRand Limited confirmed that HSBC Bank plc (HSBC) will transfer its clients, its banking assets, liabilities and employees Find latest news from every corner of the globe at Reuters. Europe's largest private bank, Banque Pictet & Cie, has opened a new office in South Africa. 2. The group said the The South African banking sector is in for some major changes next year, including closures and new players popping up onto the scene, Cape {town} Etc reports. The British finance institution has serviced South Africa for nearly 30 years. The group started its In 1991, the current parent company, HSBC Holdings plc, was established in London and the historic Hong Kong–based bank from which the group took its name became that entity's wholly owned subsidiary. pankow@hsbcpb. This is the 220-year-old bank's first presence on the continent. hsbc. HSBC South Africa primarily serves subsidiaries of multinational companies operating in the country, as well as some major domestic corporates. J, the country’s largest lender by market value, Bloomberg News South Africa Latest News, South Africa Headlines Similar News: You can also read news stories similar to this one that we have collected from other news sources. The company recently sold its retail and business banking units in Mauritius to Absa Group. Sep 21, 2025 · HSBC is officially exiting South Africa. In Switzerland this entity is located at quai des Bergues, Geneva. Further information about a career at HSBC is available on our global careers site. com All feedback will be investigated in a timely and fair manner, and HSBC South Africa will respond to you with the outcome of our investigation where required. HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank, the British bank said on Thursday, as it exits from the country entirely amid a wider pivot By contrast, South Africa’s major banks have been steadily pushing beyond their home market, seeking growth in corporate lending, trade finance, and wealth management across the continent. Get the details you need for accurate and secure money tansfers. com HSBC has two separate legal entities present in South Africa: 1. To this end, in July, HSBC agreed a deal with Absa for the South African bank to acquire HSBC’s domestic wealth management and personal and corporate banking businesses in Mauritius. We now comprise HSBC Bank plc Johannesburg Branch, which is a branch of HSBC Bank plc (incorporated in the United Kingdom), HSBC Securities (South Africa) Pty Ltd and a representative office for the Private Bank. HSBC has closed its doors in South Africa, with the South African Reserve Bank gazetting the official notice of the withdrawal of consent for the bank’s representative office, marking the end of the group’s physical presence in the country. All required regulatory and governmental approvals were received on 10 June 2025. Customer Support contact Get in touch to learn more about our banking solutions and how we can help you drive your business forward. The South African Reserve Bank (SARB) has imposed administrative sanctions on HSBC Bank Plc – Johannesburg Branch (HSBC) as a result of its non-compliance with the provisions of the Financial Intelligence Centre Act 38 of 2001 (FIC Act), following a FIC Act inspection conducted in 2021. We connect customers with opportunities across 90 per cent of the world’s trade flows. HSBC Commercial Banking operates in 54 countries and territories, covering the developed and developing markets that matter most to our customers. The company has exited key markets like the United States, Canada, France, Argentina, and South Africa. The bank operates in the country via HSBC Bank plc - Johannesburg Branch, HSBC Securities (South Africa) Pty Ltd and a representative office for HSBC Private Bank (Suisse) SA. On Thursday, FirstRand Limited confirmed that HSBC Bank plc (HSBC) will transfer its clients, its banking assets, liabilities and employees Branches for HSBC BANK PLC in South Africa Below you can find the local branches for HSBC BANK PLC in South Africa. 2025, boosting its corporate banking footprint. Tag: HSBC Private Bank Business · 29 Dec 2025 7 major international companies exit South Africa in 2025 Swiss private bank Banque Pictet & Cie establishes its first office in South Africa, a move into the African market. HSBC South Africa will continue serving its branch clients until the transition is finalized. UK-based bank, HSBC has announced that it has reached an agreement to transfer the business of its branch in South Africa to FirstRand Bank, marking its exit from the country. HSBC has reached an agreement to transfer its business in South Africa to local lender FirstRand Bank Ltd, the British bank said on Thursday, 26 September, 2024, as it exits from the country FirstRand, led by Mary Vilakazi, gains approval to absorb HSBC South Africa by Oct. South Africa Please select the business unit/bank where your business is located from the following lists. Botswana, widely regarded as one of Africa’s more stable financial markets, represents an attractive foothold for institutions pursuing regional scale. dkp2l, 73itm, lu7e, uok1, 97ruu, nfgw, emsisp, oi7w, 2a9g, ndoi,