HSBC Bank Malaysia

HSBC Bank Malaysia Berhad was incorporated locally in Malaysia in 1994. It is part of the HSBC Group and is a wholly owned subsidiary of HSBC Holdings plc headquartered in London. The Group serves customers worldwide from around 8,000 offices in 87 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.

HSBC Bank Malaysia is the largest foreign-owned bank in Malaysia, offers a full range of personal and commercial services from a network of branches and direct channels. The bank has a network of 40 branches nationwide.

Besides, HSBC has been offering Islamic financial services in Malaysia since 1994. In 2007, the bank established its Islamic banking subsidiary HSBC Amanah Malaysia Berhad.

The Hongkong and Shanghai Banking Corporation established its first office in what would become Malaysia in 1884 on Penang. Thereafter, it opened branches in Ipoh in 1909 followed by branches in Malacca, Johore Bahru and Kuala Lumpur in 1910. The Kota Bharu branch was opened in 1912.In the 1920s and 1930s, the Bank opened more branches in several states. The Sungai Petani branch was opened in 1922, the Kuantan branch in 1929, the Muar branch in 1930 and the Kuala Terengganu branch in 1936.

In Sabah (then British North Borneo), the first branch opened in Kota Kinabalu (Jesselton) in 1947. Branches were set up in Sandakan and Tawau a year later, followed by Labuan in 1957.

Meanwhile, in Sarawak, a branch was opened in Kuching in 1958. Another was established in Sibu in 1959, followed by a second branch in Kuching in 1964.