HSBC Bank Canada

HSBC Bank Canada, headquartered in Vancouver, was the largest foreign bank in Canada. It employed approximately 5,800 people and operated through a network of about 130 branches and offices in all provinces of Canada. The company offered a wide spectrum of retail, commercial and corporate banking services including chequing accounts, high-yield and tax-free savings accounts, foreign currency accounts, personal loans, lines of credit, fixed and variable rate mortgages, low rate credit cards, overdraft protection, term deposits, mobile and online banking, foreign exchange and money transfers. It also offered mutual funds, retirement products, guaranteed investment certificates (GIC), wealth management, self-directed online investing, education and private wealth planning, travel insurance, small business lending, commodities and structured trade finance and other services. The company was established in 1981 and operated as a subsidiary of British HSBC Holdings. As of December 31, 2023, HSBC Bank Canada had $119 billion in total assets, $83 billion in customer deposits and $74 billion in loans.

In November 2022, HSBC Holdings agreed to sell its banking business in Canada to Royal Bank of Canada (RBC). RBC acquired 100% of the common shares of HSBC Canada for a base cash consideration of over US$13 billion. The sale of HSBC Bank Canada and its subsidiaries was completed in March 2024.

Business segments:
Commercial Banking
Global Banking
Wealth and Personal Banking
Markets and Securities Services

HSBC Group of companies in Canada:
HSBC Bank Canada
HSBC Global Asset Management (Canada) Ltd
HSBC Investment Funds (Canada) Inc
HSBC Private Investment Counsel (Canada) Inc
HSBC Trust Company (Canada)
HSBC Securities (Canada) Inc
HSBC Mortgage Corporation (Canada)
HSBC Finance Mortgages Inc

Head office address:
885 West Georgia Street
Vancouver, British Columbia
V6C 3E9 Canada
Phone number: +1 604 685 1000
Swift code: HKBCCATT
Website: www.hsbc.ca