HSBC Bank Argentina
company_name = HSBC Bank Argentina S.A.
company_type = Subsidiary of
HSBC Holdings plc
company_slogan = El banco local del mundo
foundation = 1903
Buenos Aires, Argentina
key_people = Simon Martin,
Finance and Insurance
homepage = [http://www.hsbc.com.ar/ www.hsbc.com.ar]
HSBC Bank Argentina S.A. is the principal
HSBCoperating company in Argentina, it has around 150 branches throughout the country providing a full range of banking and financial products and services, including commercial, consumer and corporate banking, to over 1.2 million customers.
Banco Roberts joins the HSBC Group
Midland Bankpurchased a stake in Banco Roberts SAin 1987, in 1997, the Group acquired the remaining stake in the Roberts Group holding company and re-named it HSBC Argentina Holdings SA.
Banca Nazionale del Lavoro
HSBC announced on the
24 January 2006that it had signed an agreement with Banca Nazionale del Lavoro SpA to acquire the latter's banking operations in Argentina, Banca Nazionale del LavoroS.A. (BNL), for a consideration of US$155 million, to be met from internal resources within Argentina.
BNL started operating in Argentina in 1960 and had 91 branches in 18 provinces, 700,000 active personal customers and 26,700 commercial customers when the HSBC takeover was completed on 28 April 2006.
HSBC Argentina is one of the largest financial organisations in Argentina and comprises HSBC Bank Argentina, HSBC MAXIMA AFJP, HSBC La Buenos Aires and HSBC New York Life. The product and service distribution network comprises 99 branches and offices spread across the country.
Proa is a local
consumer financecompany set up to draw on the experience and knowledge of HSBC Finance Corporation.
December 20, 2001 incident
December 20, 2001 while the Argentinian economic crisis was reaching its climax, HSBC security personnel opened fire from inside the HSBC Buenos Airesheadquarters building against a civilian manifestation that had been marching to Plaza de Mayoagainst President Fernando de la Rúawho resigned a day later. [ [http://web.amnesty.org/library/index/engamr130022002 Deaths during the demonstrations that took place in December 2001] by Amnesty Internationalon March 1st, 2002]
Gustavo Ariel Benedetto was murdered by a 9 mm gunshot into his head in this episode.
HSBC's security video recordings demonstrated later that security personnel actually opened fire while not being at any substantial risk since marchers were not able to enter the building. Additionally, carrying lethal weapons on public places by private security personnel is forbidden by law in Buenos Aires. [ [http://www.cedom.gov.ar/es/legislacion/normas/leyes/html/ley1913.html Ley 1913] , inciso 2) a), by La
Legislatura de la Ciudad de Buenos Aireson December 6th, 2005.]
HSBC Holdings plc
* [http://www.hsbc.com.ar/ HSBC Bank Argentina]
* HSBC Argentina website [http://www.hsbc.com.ar]
* [http://www.euro2day.gr/articlesfna/13620234/ Completion of BNL takeover]
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