HSBC - statistics & facts

The United Kingdom’s largest bank - HSBC Holdings plc - is a multinational bank and financial services organization based in London. It is not only the largest bank in its home country but is also the largest bank in Europe by market capitalization, and one of the largest banks globally by total assets. Although there are four major banks headquartered in the United Kingdom in addition to HSBC - Barclays, Lloyds, NatWest, and Standard Chartered - none of the others are close to the size of HSBC.

The history of HSBC

Today, HSBC is a global key player with total assets worth close to three trillion U.S. dollars, but the history of the bank dates to 1865, when Hong Kong was a British colony, and the Shanghai International Settlement was established as a hub for trade between the West and East. That year, only a month apart, Scotsman Sir Thomas Sutherland founded The Hongkong and Shanghai Bank (today The Hongkong and Shanghai Banking Corporation Limited) in both cities to take advantage of the new trading opportunities into China. Almost a century later, a non-trading, dormant shelf company called "Vernat Trading Company Limited" was incorporated in England and Wales, later to be renamed HSBC Holdings plc and to become a parent of The Hongkong and Shanghai Banking Corporation Limited. Today the bank operates in all parts of the world, and with 219,000 employees all over the world, although the highest number of employees were in India.

Which segment generates the greatest revenues for HSBC?

HSBC operates in three distinct service segments: wealth and personal banking, global banking and markets, and commercial banking. The wealth and personal banking segment is the largest, accounting for almost half of the global revenues in 2020, and consists of global private banking, retail banking, and wealth management. The net operating income from this segment was around 24 billion U.S. dollars in 2022. The largest regions are Asia and Europe, and around 80 percent of the company’s global revenues in 2022 came from these two regions.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Apr 26, 2023

Key insights

Largest bank in the United Kingdom
HSBC
Total number of employees at HSBC
219k
Market capitalization of HSBC
116.6bn EUR
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