HSBC is one of the most trusted banks in the region, recognised not only for its expertise and knowledge of the market but also for its comprehensive range of financial services. Our branches across Pakistan give our customers access to the international resources, connections and experience of other Group members world-wide; bringing them the global expertise of one of the largest banking organisations in the world.
With constant innovation, technological expertise and years of experience in local traditions and cultures HSBC is unique, and has played its due role in the country's progress. Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world and its international network comprises of almost 7,500 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa, with customers world-wide.
Our Services
HSBC offers a full range of Corporate banking and Retail banking Wealth Management services in Pakistan, from current and savings accounts to term deposits, credit cards and wealth management solutions. These services are offered through a range of channels: including the bank's branch and ATM network, an internationally accessible personal internet banking service and a 24-hour Call Centre service. It maintains a consistent local presence, with 11 branches in six cities across the country. In 2010, HSBC Pakistan's Retail Banking Wealth Management offering expanded to include HSBC Advance.
Business and Commercial Banking, and Global Banking and Markets bring the strength of HSBC's global footprint to customers in Pakistan and support global businesses interested in the Pakistani market. HSBC is the preferred corporate bank for top-tier global organisations in Pakistan, and meets these customers' strategic, financial and working capital raising needs. Services and products consist of overdraft facilities, short-term loans, import and export lines and cash, as well as bank guarantees and ERLs.
History
HSBC was established in Karachi, Pakistan in 1982, with an initial focus on Corporate Banking. In 1999, to increase its presence in the consumer banking segment, the Khayaban-e-Tauheed branch was established in Karachi. From 2000 onwards the financial sector in Pakistan underwent a phenomenal change, and consumer banking in particular, witnessed rapid growth. The year 2006 proved to be eventful for HSBC Pakistan. Together with inaugurating branches in Lahore and Islamabad, Pakistan's first HSBC Premier Branch was also established in Karachi. New services were introduced via Payments and Cash Management and the establishment of the HSBC Pakistan Call Centre. Growth continued in 2007 with branches opening in more cities of the country. HSBC's network in Pakistan grew further in 2009, when more branches opened in Lahore, Islamabad and Karachi.
CEO'S MESSAGE
CEO HSBC Pakistan, Lloyd C Maddock was delighted at receiving the accolade from the CFA Association and gave the following message for the BR Supplement:
"As a global finance business and specifically as an employer, we attach great significance to the CFA qualification, and actively support our staff to attain it.
We are therefore delighted to receive this very meaningful recognition from the CFA Association in Pakistan.
It is true that in Pakistan we are a comparatively smaller bank, but we are an integral part of the global HSBC Group, and this connectivity enables us to serve our corporate and personal customers both domestically and internationally.
Here in Pakistan we have navigated some fairly choppy waters over the last 2 years, but I'm pleased to say that our business is in great shape and we are working hard to expand it. Last year was actually our most profitable year in Pakistan, since we opened some 30 years ago.
So, I'm very grateful to accept this award, which of course reflects the efforts of our talented, hard working and committed cadre of staff. In my career with HSBC I've worked in 10 countries, and the team we have here, are second to none. "
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