Everything about Hsbc France totally explained
HSBC S.A. was formed on 1st November 2005 when CCF S.A. (
Crédit Commercial de France) along with subsidiary companies UBP, Banque de Picardie and Banque Hervet rebranded as
HSBC, with several smaller regional banking networks retaining their long standing local brands and identities.
CCF joins the HSBC Group
CCF was operating with 650
branches and
assets of €69 billion by the end of the
20th century. In April
2000,
HSBC Holdings plc announced its intention to acquire the bank and the deal was completed in July. That month, HSBC Holdings plc was listed on the
Paris Stock Exchange for the first time. The acquisition enabled HSBC to establish a position in one of the main European markets, and to build a strong platform in the
euro zone. CCF has continued to expand with the purchase of
Banque Pelletier (2000) and
Banque Hervet (2001).
CCF S.A. became HSBC S.A. on
1st November 2005, rebranding its operations as HSBC along with subsidiary companies UBP, Banque de Picardie and Banque Hervet.
French banking
The former networks of
CCF,
Union de Banques à Paris,
Banque Hervet in the
Paris region,
Banque de Picardie and
Banque de Baecque Beau now trade as HSBC. This represents a 350 strong network of branches in France with a very strong presence in the Paris region.
Along with the HSBC branded operations, the group operates a further 420 branches spread across seven
regional subsidiaries, bringing the total network to some 14,000 employees and 770 branches.
Banque Chaix
Founded in 1924 by Joseph Chaix, Banque Chaix developed in the
Vaucluse and
north Bouches du Rhône departments. It is also present in parts of the
Gard,
Drôme and
Hérault departments. Chaix has 66 branches, administered in 12 groups and employs some 400 staff.
Banque Dupuy, de Parseval
Banque Dupuy, de Parseval operates in the
Languedoc-Roussillon region, having been founded in
Sète in
1845 to specialise in trade transactions, the bank now has a dense network of 40 branches, also operating in the
Hérault.
Banque Marze
Marze has 11 branches, established in the period since 1886, serving the southern business areas of the
Ardèche and the
Drôme. 75 employees serve
customers such as private individuals or
businesses, with a focus on the regional
SME category.
Banque Pelletier
Banque de Savoie
CCSO
Crédit Commercial du Sud-Ouest operate 56 outlets across the Aquitaine region.
Société Marseillaise de Crédit
Other French Operations
Other group operations in France include a significant
HSBC Private Bank presence, along with a major Corporate Institutional Banking and Markets operation. The Paris
trading floor is the Group's second largest trading floor in
Europe. Specific areas of particular expertise and responsibility are the trading of
government bonds and
euro interest rate derivatives, arranging of corporate cash calls,
disintermediated and structured finance and
project finance.
European Operations
Algeria
HSBC France S.A. opened its first branch in
Algeria in the city of
Algiers in
June 2007. Current speculation suggests that the network could be rapidly expanded to 55 locations. Global Banking and Markets will be operational in Algeria from
May 2007, according to the Financial Times. HSBC is the 13th foreign bank to be authorized to operate in Algeria and could be directed by the former head of foreign debt at the Bank Algery Rachid Sekkak, currently responsible with HSBC-Paris.
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