HSBC Bank Polska
Encyclopedia
HSBC Bank Polska S.A. offers Consumer finance
, Corporate banking and Treasury
services in Poland
. Its headquarters are in Piłsudski Square, Warsaw
.
.
groups, major local corporates, both private and state owned, local financial institutions and HSBC Group clients. HSBC is a member of the local high and low value clearing
systems, and is a market leader in the utilisation and application of advanced treasury products in Polish Zloty
and in all major currencies.
Consumer finance
Alternative financial services in the United States refers to a particular type of financial service, namely sub-prime lending by non-bank financial institutions. This branch of the financial services industry is more extensive in the United States than in some other countries, because the major...
, Corporate banking and Treasury
Treasury
A treasury is either*A government department related to finance and taxation.*A place where currency or precious items is/are kept....
services in Poland
Poland
Poland , officially the Republic of Poland , is a country in Central Europe bordered by Germany to the west; the Czech Republic and Slovakia to the south; Ukraine, Belarus and Lithuania to the east; and the Baltic Sea and Kaliningrad Oblast, a Russian exclave, to the north...
. Its headquarters are in Piłsudski Square, Warsaw
Warsaw
Warsaw is the capital and largest city of Poland. It is located on the Vistula River, roughly from the Baltic Sea and from the Carpathian Mountains. Its population in 2010 was estimated at 1,716,855 residents with a greater metropolitan area of 2,631,902 residents, making Warsaw the 10th most...
.
Polski Kredyt Bank S.A. joins the HSBC Group
On the 11 September 2003 the Polish Commission of Banking Supervision announced its approval for the acquisition of Polski Kredyt Bank S.A. from its parent, Kredyt Bank S.A. and the granting of a new banking licence to the bank. HSBC agreed a price of approximately PLN31 million (approximately US$7.8 million), and renamed Polski Kredyt Bank S.A. as HSBC Bank Polska S.A. following completion.Consumer finance
Using Household International’s established business model, HSBC offers unsecured loans, credit cards and affinity cards via relationships with retail partners, as well as through a network of Personal Banking branches, under the trading name of Beneficial Kredyt. Other activities include affinity loans to members of carefully selected groups or companies, direct loans and the provision of payment protection insurancePayment protection insurance
Payment protection insurance, is an insurance product that is often designed to cover a debt that is currently outstanding Payment protection insurance, (also known as PPI, credit protection insurance, loan repayment insurance, not to be confused with income protection or credit card cover) is an...
.
Corporate banking and treasury
HSBC in Poland provides banking services to local subsidiaries of multinationalMultinational corporation
A multi national corporation or enterprise , is a corporation or an enterprise that manages production or delivers services in more than one country. It can also be referred to as an international corporation...
groups, major local corporates, both private and state owned, local financial institutions and HSBC Group clients. HSBC is a member of the local high and low value clearing
Clearing (finance)
In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying transaction....
systems, and is a market leader in the utilisation and application of advanced treasury products in Polish Zloty
Polish zloty
The złoty , which literally means "golden", is the currency of Poland. The modern złoty is subdivided into 100 groszy . The recognized English form of the word is zloty, plural zloty or zlotys...
and in all major currencies.
See also
- HSBC Bank plcHSBC Bank (Europe)HSBC Bank plc is one of the four major clearing banks in the United Kingdom and is a wholly owned subsidiary of HSBC Holdings. The business ranges from the traditional High Street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and...
(direct parent company) - HSBC Holdings plc (ultimate parent company)