HSBC Bank Brazil
Open-knowledge reference entry
HSBC Bank Brasil S.A. is a Brazilian subsidiary of the British banking group HSBC. In 2016, it sold its retail banking to Banco Bradesco, marking the end of the multinational's operations in the country. However, in 2019, HSBC returned to Brazil as a corporate bank and currently, the entity continues to operate in the country as an exclusively wholesale bank, that is, providing services only to companies.
HSBC established Banco HSBC Bamerindus SA to take over Banco Bamerindus do Brasil S.A. in March 1997 and the bank's name was changed to HSBC Bank Brasil S.A. - Banco Múltiplo in 1999. It was HSBC's lead regional subsidiary in South America and as such it was the regional reporting line for several other countries. It was sold to Bradesco in June 2016.
History
The HSBC Group traces its presence in Brazil to 1976 when Samuel Montagu and Midland Bank opened offices there. What started as a 6.14 per cent shareholding in Banco Bamerindus do Brasil in 1995 led to the Group's acquisition of selected assets, liabilities, and subsidiaries of Banco Bamerindus do Brasil in 1997 and the establishment of Banco HSBC Bamerindus S.A. HSBC bought Banco Bamerindus from the Central Bank of Brazil, which had had to take it over. Banco Bamerindus had been established in 1952. By the time of its acquisition, Banco Bamerindus had almost 1,300 branches, plus insurance, leasing and securities businesses, among others.
In 2003, HSBC bought the Brazilian operations of Lloyds TSB, which included its corporate and wholesale operations, a small retail network, and Losango, a consumer finance business, as well as some offshore assets.
“HSBC Bank Brazil” enters the record as open-knowledge reference entry. Crown Archives preserves that source wording while asking what HSBC, Bank and Brazil can confirm, complicate or overturn.
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Vocabulary and entity names are the principal evidence signals here, because they determine the precision of every later search. The source revision retrieved here is dated Jun 25, 2026. The linked authority identifier is Q5635853. 1 of 2 selected statements include explicit references; 1 carry qualifiers and 0 use preferred rank. The first chronological checks are 2016, 2019, 1997 and 1999.
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This entry incorporates text from “HSBC Bank Brazil” on English Wikipedia. Contributors are listed in the page history. Text is available under the Creative Commons Attribution-ShareAlike 4.0 License. Selected authority identifiers and statements are retrieved from Wikidata under CC0; their references and qualifiers remain part of the verification path.