Everything about Hsbc Bank Argentina totally explained
HSBC Bank Argentina S.A. is the principal
HSBC operating 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 Bank purchased a stake in
Banco Roberts SA in
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 2006 that it had signed an agreement with Banca Nazionale del Lavoro SpA to acquire the latter's banking operations in Argentina,
Banca Nazionale del Lavoro S.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.
Argentine banking
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
Proa is a local
consumer finance company set up to draw on the experience and knowledge of
HSBC Finance Corporation.
December 20, 2001 incident
On
December 20, 2001 while the
Argentinian economic crisis was reaching its climax, HSBC security personnel opened fire from inside the HSBC
Buenos Aires headquarters building against a civilian manifestation that had been marching to
Plaza de Mayo against President
Fernando de la Rúa who resigned a day later.
Gustavo Ariel Benedetto was murdered by a
9 mm gunshot into his head in this episode and HSBC security chief Julio Veronelli, a former member
Argentinian Army, was implicated in Benedetto's murder.
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.
Further Information
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