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February 13, 2016 3:51 AM ET


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

Company Overview

HSBC Bank Brasil S.A. - Banco Múltiplo provides various banking products and services in Brazil. The company offers personal banking products, including current and savings accounts, mortgages and personal loans, credit cards, debit cards, and local and international payment services. Its wealth management products and services comprise insurance and investment products; and asset management and financial planning services. The company also provides commercial banking products and services, which consist of receivables financing services, payments and cash management services, international trade finance, treasury and capital market offerings, commercial cards, and cash and derivatives in fo...

Travessa Oliveira Belo, 34


Edifício Palácio Avenida

Curitiba, PR 80020-030


Founded in 1997

20,263 Employees


55 41 3777 6161


55 41 3777 6606

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

Chief Executive Officer, President and Executive Director
Age: 50
Chief Financial Officer and Executive Director
Age: 44
Chief Operating Officer
Age: 43
Head of Asset Management and Executive Director
Age: 52
Deputy Chief Executive Officer
Age: 57
Compensation as of Fiscal Year 2015.

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

Banco Bradesco S.A., HSBC Brazil - M&A Call

To consider the acquisition of HSBC Brazil by Bradesco

Bradesco Reportedly Enters Into Exclusive Talks To Purchase HSBC Brasil

Banco Bradesco S.A. (BOVESPA:BBDC4) has reportedly started exclusive talks to acquire HSBC Holdings plc (LSE:HSBA) Brazilian unit, HSBC Bank Brasil S.A. - Banco Múltiplo. A deal is expected before the end of the month. The bid values HSBC Bank Brasil S.A. - Banco Múltiplo at about BRL 12 billon.

Unibanco Not Making An Offer For HSBC Brasil

It was reported that Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) did not make a bid to acquire HSBC Bank Brasil SA citing unnamed sources with knowledge of the matter. Itaú Unibanco Banco Santander (Brasil) S.A. (BOVESPA:SANB4), Itaú Unibanco Holding S.A. (BOVESPA:ITUB4) and Banco Bradesco S.A. (BOVESPA:BBDC4) were expected to be among three bidders filing binding offers to acquire the unit by the July 6 deadline.

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