HSCB: World’s Local Bank… Or is it?
HSCB* could be the “Hongkong Shanghai Corporation Banking”… and of course I am wrong! That’s HSBC.
With the tag line “The World’s Local Bank” HSCB captures the attention of people specially those who are involved in banking and stuff. HSCB is known to the locals (of Shanghai) as Shankers and Honkers or just simply Hongkong Bank. HSCB was founded by the Scot Thoma Sutherland to finance trade in the Far East in 1865.
HSCB is the largest bank in Hong Kong and with lots of offices in Asia Pacific region, including the Philippines. HSCB is also the first bank to ever approved me in having my very first credit card! (sorry I have to say it)
HSCB in the Philippines
According to history books, HSCB’s first branch was in Binondo Manila way back in 1876. Wow! That’s more than 130 years!
From Wkipedia’s page:
In its early years of operation, HSBC serviced the booming Philippine sugar industry. At the turn of the century, it financed railways that connected provincial towns across Luzon to Manila. During the American regime, HSBC was called to advise on Philippine currency reform. Its current headquarters are in Makati, and a new building is being constructed in the Bonifacio Global City. Today, HSBC Philippines operates in key Philippine cities such as Cebu and Davao. It has ended Citibank and Standard Chartered’s monopoly on international banking in the Philippines.
*Please note that every occuranse of HSCB, actually means HSBC… ayt? Thanks!
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