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The Hongkong and Shanghai Banking Corporation Limited (Bangladesh Branches)

fcb · verified (verified 2026-05-20)

Profile

Total assets
৳346,321,867,340
Deposits
৳226,965,117,794
Gross NPL
1.69%
CRAR
26.90% (compliant)
Net profit
৳10,861,350,119
Chairman
MD/CEO
Md. Mahbub ur Rahman
Rating
AAA

HSBC Bangladesh is winding down retail banking (process began H2 2025; Personal Internet Banking ceased December 4, 2025; dedicated retail Contact Centre line to close June 1, 2026). Corporate and Institutional Banking (CIB) continues unaffected. HSBC Bangladesh was named Bangladesh International Trade Finance Bank of the Year at the Asian Banking and Finance Wholesale Banking Awards 2025 and received Best Bank for Sustainable Finance and Best Bank for Large Corporates from Euromoney. FY2024 net profit BDT 10,861 crore (record), CAR 26.90%, NPL ratio 1.69%.

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Provenance & notes

All financial figures sourced directly from HSBC Bangladesh's audited financial statements for the year ended December 31, 2024 (signed April 29, 2025 by Dhaka-based auditors; ICAB Enrolment No. 770). Key Financial Highlights table at page 8 of the PDF confirms: total assets BDT 346,321,867,340; total deposits BDT 226,965,117,794; total loans and advances BDT 189,277,560,453; profit after tax and provisions BDT 10,861,350,119; CAR 26.90%; classified advances as % of total advances 1.69%; ROA 3.14%; ROE 17.24%. NPL ratio 1.69% is 'classified advances as a percentage of total advances' per item 13 of the Key Financial Highlights table. CET1 ratio 25.22% per Basel III disclosure (page 9). Total shareholders equity BDT 63,016,561,543 per balance sheet. paid_up_capital_bdt field reports 'Fund deposited with Bangladesh Bank' (BDT 4,395,378,331 at Dec 31, 2024), which is the statutory capital deposit required of foreign-incorporated banks; this is not the same as paid-up capital in the domestic sense. HSBC Bangladesh does not have a traditional paid-up capital/authorized capital structure as it is not incorporated locally. Employees: 829 for FY2024 (same as 2023), per note 33.9 of the financial statements (employees earning Tk 36,000 or above per year). CEO Md. Mahbub ur Rahman: appointed April 5, 2020 as first Bangladeshi CEO of HSBC Bangladesh, per multiple press sources. Branch count of 13 per banksbd.org listing across 5 districts (Dhaka 8, Chattogram 2, Narayanganj 1, Mymensingh 1, Sylhet 1). Note: HSBC Bangladesh website (about.hsbc.com.bd) references the Mercantile Bank of India presence from 1951 and HSBC's acquisition in 1959, but the entity operating in Bangladesh today is a branch of HSBC (The Hongkong and Shanghai Banking Corporation Limited); license date April 17, 1996 and first branch December 3, 1996 are the operative dates per official HSBC website. CRAB AAA/ST-1 rating per note 33 of FY2024 financials; stated valid until June 30, 2025; renewal status as of May 20, 2026 not confirmed. The notes state 'Long-term AAA (2022: AAA)' consistent with multi-year reaffirmation. rating_as_of set to June 30, 2024 (validity start of the stated period). Retail wind-down timeline: announcement approximately February 22, 2025 (Nasdaq / Yahoo Finance press release); PIB shutdown December 4, 2025; contact centre shutdown June 1, 2026. CIB continues. verification_status=verified: two primary sources (audited financial statements PDF + press coverage) cross-check key figures.

Sources