Welcome to HSBC Savings Bank, Inc.
One of the world’s largest banking and financial services organizations, the HSBC Group has been doing business in the Philippines for over 132 years where they currently employ over 8,000 people.
HSBC began operating in the Philippines in November 1875, in Binondo. A second branch was opened in Iloilo to serve the growing sugar industry. In 1971, the main branch in Binondo was moved to Makati City. Ten years later, in 1981, the Iloilo branch was closed and a new branch in Ortigas Centre was opened.
Products and Services
Following the introduction of the Foreign Bank Liberalisation Act of 1994, HSBC re-opened a branch in Binondo in 1995 and established a branch in Cebu in 1996. In 1999, a fifth branch was opened in Quezon City. To cater to the needs of clients in the Visayas and Mindanao regions, a branch was opened in Davao in 2006, and a second branch in Cebu in 2007. The most recent addition is the branch in the Bonifacio Global City in Taguig, bringing the total number to eight main bank branches.
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