HSBC Bank Uruguay

HSBC Bank Uruguay S.A. is the principal HSBC operating company in Uruguay. It is the fifth-largest bank in the country, it provided a full range of banking and financial products and services, including commercial, consumer and corporate banking.Banca privada de HSBC Uruguay se enfoca en nueva clase de clientes 

History

HSBC arrived in Uruguay in 2000, and has since increased its presence in the Uruguayan market. At that time, it had around 60 employees; currently, the number exceeds 260. 

In 2023, the bank opened a new headquarters in Montevideo, with a design and operation that differs from the traditional banking model. According to the bank, the change was implemented in response to customer feedback and in line with internal work trends.

In 2025, HSBC Latin America announced the sale of HSBC Uruguay to the Brazilian bank BTG Pactual for US$175 million. HSBC had five branches and US$1.8 billion in total assets and a loan portfolio of US$1.1 billion in Uruguay at the end of 2024.

References

Category:HSBC