The world's local bank
HSBC launches new International Business Centres
08 June 2006
HSBC has launched a series of new International Business Centres (IBCs) to help the rapidly growing number of small to medium-sized enterprises (SMEs) around the world who want to trade cross border. In the initial stages, trained specialists in seven locations: China, France, Hong Kong, India, Spain, UK and the US will, for the first time, manage the entire cross border account opening process for business customers, making it easier than ever before for them to establish a presence overseas. By the end of the year IBCs will have been rolled out in a total of 17 countries and territories.
IBCs are designed to give business customers the benefit of Confidence: from knowing that their overseas requirements are being dealt with by a single bank; Experts: who understand all the potentially complex local regulatory requirements; Better control: seeing what is happening at both ends of a transaction; Complete Ownership: of an international transaction and the ability to track it from beginning to end and Speed: direct access to clearing systems rather than having to go through correspondent banks.
Alan Keir, Head of Commercial Banking at HSBC Bank, said: "International Business Centres will make life much easier for the large and growing number of SMEs around the world that want to do business internationally. HSBC's aim is to make it just as simple to trade abroad as it is to do business within your home country and the IBCs will go a long way towards achieving that."
The Centres will also provide additional support in the areas of relationship management and business solutions such as payment services, export factoring, international invoice finance, foreign currency loans, trade services, FX and electronic banking.
Media inquiries to Neil Brazil on 020 7992 1572 or at neilbrazil@hsbc.com
HSBC Bank plc
HSBC Bank is a wholly-owned subsidiary of HSBC Holdings plc which is headquartered in the UK. The HSBC Group serves over 125 million customers worldwide from more than 9,500 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of US$1,502 billion at 31 December 2005, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.
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