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May 22, 2015 6:52 PM ET

Banks

Company Overview of HSBC Bank Brasil S.A. - Banco Múltiplo

Company Overview

HSBC Bank Brasil S.A. - Banco Múltiplo, together with its subsidiaries, provides various banking products and services in Brazil. The company offers personal banking products, including current and savings accounts, mortgages and personal loans, motor and installment loans, credit cards, debit cards, and local and international payment services. Its wealth management products and services comprise insurance products, including travel, life, and motor insurance; investment products, such as time deposits, funds, stocks, and savings; asset management services; and financial planning services. The company also provides commercial banking products and services, which consist of receivables finan...

Travessa Oliveira Bello nº 34

4th Floor

Curitiba, PR 80020-030

Brazil

20,488 Employees

Phone:

55 41 3777 6161

Fax:

55 41 3777 6606

Key Executives for HSBC Bank Brasil S.A. - Banco Múltiplo

Chief Executive Officer, President and Executive Director
Age: 49
Chief Financial Officer and Executive Director
Age: 43
Chief Operating Officer
Age: 42
Head of Asset Management and Executive Director
Age: 51
Deputy Chief Executive Officer
Age: 56
Compensation as of Fiscal Year 2014.

HSBC Bank Brasil S.A. - Banco Múltiplo Key Developments

HSBC Planning to Shell Off Brazilian Unit

HSBC Holdings plc (LSE:HSBA) is exploring the sale of HSBC Bank Brasil S.A. - Banco Múltiplo according to a stock filing in Hong Kong. HSBC Bank Brasil Banco Múltiplo SA lost a net BRL 442 million in 2014.

Banco Santander May Study HSBC Acquisitions

Banco Santander (Brasil) S.A. (BOVESPA:SANB4) will study the possible acquisition of HSBC Bank Brasil S.A. - Banco Múltiplo from HSBC Holdings plc (LSE:HSBA). “We can’t speak for HSBC Brazil, but there’s a very initial process for the sale of the bank (in Brazil) that we’re going to analyze,” said Jesús Zabalza, Chief executive of Banco Santander (Brasil) SA. “We haven’t made an offer, we haven’t even opened a data room for this operation.” According the wall street journal, HSBC declined to comment.

Offers For HSBC Brasil Reportedly Expected In June

According to Valor Econômico, Goldman Sachs, the advisor appointed to find a buyer for HSBC Bank Brasil S.A. - Banco Múltiplo invited around 10 financial institutions to participate in the negotiations. These financial institutions involve Itaú Unibanco Holding S.A. (BOVESPA:ITUB4), Banco Bradesco S.A. (BOVESPA:BBDC4), Banco do Brasil S.A. (BOVESPA:BBAS3), Banco Santander (Brasil) S.A. (BOVESPA:SANB4) and Banco BTG Pactual S.A. According to the source, certain foreign banks are also invited. The interested banks are expected to make an offer by June. Goldman Sachs reportedly aims to complete the sale process by August.

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