HSBC Bank Canada
HSBC Bank Canada (French: Banque HSBC Canada), formerly the Hongkong Bank of Canada (HBC), was a Canadian chartered bank and the former Canadian subsidiary of British multinational banking and financial services company HSBC.
| Formerly | Hongkong Bank of Canada |
|---|---|
| Company type | Former subsidiary |
| Industry | Banking |
| Founded | July 1, 1981 |
| Defunct | March 31, 2024 |
| Fate | Acquired by the Royal Bank of Canada |
| Headquarters | 885 West Georgia Street Vancouver, British Columbia V6C 3E9 |
Key people | |
| Products | Financial services |
| Revenue | CA$2.22 billion (2021) |
Net income | $717 million (2021) |
| AUM | $224 million (2021) |
| Total assets | $119.85 billion (2021) |
| Total equity | $6.88 billion (2021) |
| Owner |
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Number of employees | 5,500+ (FTE, 2020) |
| Website | www |
It was the seventh largest bank in Canada, with offices in every province except Prince Edward Island, and was the largest foreign-owned bank in the country. The corporate headquarters were located at the HSBC Canada Building in downtown Vancouver, British Columbia.
On March 28, 2024, the Royal Bank of Canada closed their acquisition of HSBC Canada. Its Institution Number (or bank number) was 016.
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