Wallets/hsbc-pakistan
HSBC Pakistan
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Overview
HSBC Pakistan is Pakistani commercial bank + HSBC Holdings UK parent LSE: HSBA + SEHK: 5 + NYSE: HSBC subsidiary + HSBC Pakistan retail + corporate banking + closed retail operations 2015 + corporate banking operations continued 1, Pakistan report.
History
1948 — Hongkong and Shanghai Banking Corporation Pakistan branch opens by HSBC Holdings UK parent distinctive Pakistani banking heritage.
2015 — HSBC Pakistan retail operations sold to Meezan Bank + corporate banking operations continued.
2014 — HSBC Pakistan mobile banking app launch (pre-2015 retail exit).
Ownership & operator
Operating entity: HSBC Bank Middle East Limited Pakistan (Pakistani commercial bank; HSBC Holdings UK parent fully owned).
Major shareholders: HSBC Holdings plc (LSE: HSBA + SEHK: 5 + NYSE: HSBC; UK-headquartered global banking group) fully owned.
Regulators: SBP State Bank of Pakistan.
Technical integration
HSBC Pakistan mobile app (iOS + Android pre-2015 retail exit) + hsbc.com.pk online + HSBC Pakistan corporate banking + investment banking continued post-2015 retail exit; PK IBAN + Raast + Pak-QR.
Implementations & partners
HSBC parent: HSBC UK Mobile Banking + First Direct (HSBC UK; LSE: HSBA + SEHK: 5 + NYSE: HSBC; UK-headquartered global banking group) + HSBC Hong Kong (PayMe + HSBC HK App) (HSBC Hong Kong) + HSBC UAE (HSBC UAE; HSBC Middle East regional headquarters in Dubai).
Major Pakistani banking + payments competitors: Habib Bank Limited (HBL) (HBL Habib Bank; PSX: HBL; Pakistan's largest commercial bank by assets) + UBL United Bank Limited Pakistan (United Bank Limited UBL; PSX: UBL) + MCB Bank Pakistan (MCB Bank; PSX: MCB) + Allied Bank Limited Pakistan (Allied Bank Limited; PSX: ABL) + Meezan Bank (Meezan Bank; PSX: MEBL; Pakistan's largest Islamic bank by assets; HSBC Pakistan retail acquirer 2015) + Askari Bank (Askari Bank Limited; PSX: AKBL) + Bank Alfalah (Alfa App) (Bank Alfalah; PSX: BAFL) + Faysal Bank (Faysal Bank; PSX: FABL) + Standard Chartered Pakistan (Standard Chartered Pakistan).
Regulators: SBP State Bank of Pakistan.
Status
Wound down retail, Pakistani commercial bank + HSBC Holdings UK parent LSE:HSBA + SEHK:5 + NYSE:HSBC subsidiary + HSBC Pakistan retail + corporate banking + closed retail operations 2015 + corporate banking operations continued 1, 2.
Sources
- 1 HSBC Pakistan — official
- 2 HSBC Middle East — Wikipedia
- Pakistan report In-corpus:
reports/countries/PK-pakistan.md
Source
Biography extracted from hsbc-pakistan.md. See matrix.md for standards-support matrix if present.