September 30, 2016 9:16 AM ET

Banks

Company Overview of HSBC France S.A.

Company Overview

HSBC France S.A. provides a range of banking and related financial products and services in France. The company operates through four segments: Retail Banking and Wealth Management, Commercial Banking, Global Banking and Markets, and Global Private Banking. The Retail Banking and Wealth Management segment offers a range of products and services, including current accounts, related payment and financial services, savings products, and solutions for wealth accumulation, as well as mortgages and other loans to individuals and professionals. This segment also provides life insurance and asset management services. The Commercial Banking segment offers financial, payment, cash management, internat...

103 avenue des Champs-Elysées

Cedex 08

Paris,  75419

France

Founded in 1894

9,428 Employees

Phone:

33 1 40 70 70 40

Key Executives for HSBC France S.A.

Chief Executive Officer, Head of Global Banking & Markets, Director and Group General Manager of the HSBC Group
Age: 54
Chief Financial Officer
Chief Operating Officer and Chief Operating Officer of Global Banking & Markets
Chairman of Societe Marseillaise de Credit and Chief Executive Officer - Societe Marseillaise de Credit
Chairman of Sinopia and Chief Executive Officer of Sinopia
Compensation as of Fiscal Year 2016.

HSBC France S.A. Key Developments

HSBC France SA to Lay Off 466 Employees by 2018

HSBC France SA intends to lay off 466 employees by 2018. The bank, which has approximately 9,500 employees in France, said the redundancies will be carried out on a voluntary basis mainly in its IT, operations and finance departments.

HSBC France S.A., Annual General Meeting, Apr 19, 2016

HSBC France S.A., Annual General Meeting, Apr 19, 2016.

HSBC France Announces Consolidated Earnings Results for the Year 2015

HSBC France announced consolidated earnings results for the year 2015. For the year, the bank's profit before tax rose to €618 million compared with €232 million in 2014 and rose to €548 million compared with €496 million on an adjusted basis. The increase was mainly due to growth in insurance company earnings, driven by the positive change in present value of inforce (`PVIF')2, coupled with an improved operating performance across the wealth management business lines. Reported revenue amounted to €2,371 million compared with €1,929 million in 2014. On an adjusted basis, HSBC France's revenue rose to €2,285 million compared with the 2014 figure of €2,186 million, including the impact of the change in the PVIF of life insurance policies. Net profit attributable to shareholders of the parent company was €445 million versus €198 million in 2014.

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Recent Private Companies Transactions

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