HSBC Bank Malaysia
Encyclopedia : H : HS : HSB : HSBC Bank Malaysia
HSBC Bank Malaysia Berhad was the first foreign bank to incorporate locally in Malaysia in 1994. It is part of the HSBC Group.
Malaysian banking
HSBC Bank Malaysia offers a full range of personal and commercial services from a network of branches and direct channels.History
HSBC established its first office in what would become Malaysia in 1884 on Penang. It added offices in Malacca (1909) and in Johor Bahru and Kuala Lumpur in 1910. HSBC did not expand further until 1947 when it opened a branch in Kota Kinabalu. It then opened branches in Sandakan and Tawau, both in 1948, Labuan (1957), Beaufort (1961), and Papar (1962). In (1959) HSBC acquired the Mercantile Bank, and with it Mercantile Bank's branches in Malaysia, which resulted in a quantum jump in the number of HSBC's branches in the country.
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| Corporate Directors: Baroness Dunn | Sir Brian Moffat | Stephen Green | Lord Butler of Brockwell | Raymond Ch'ien | John Coombe | Rona Fairhead | Douglas Flint | William Fung | Michael Geoghegan | Sharon Hintze | James Hughes-Hallett | Sir Mark Moody-Stuart | Stewart Newton | Simon Robertson | Helmut Sohmen | Sir Brian Williamson |
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Minority Stakes and Joint Ventures: Bank of Communications (19.9%) | Bank of Shanghai (8%) | HSBC Saudi Arabia Limited (60%) | Ping An (19.9%) | Techcombank (10%) | The Saudi British Bank (40%) | UTI Bank Limited (4.99%) | Wells Fargo HSBC Trade Bank N.A. (20%) |
| Annual Group Revenue: .7 billion USD ( 10% FY 2005) | Employees: 284,000 | Stock Symbol: LSE: [HSBA] | Website: [www.hsbc.com] |
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