HSBC in Thailand

HSBC initially opened for business in Thailand in 1888 and has been serving Thai people for 13 decades. It was the first commercial bank in Thailand.

HSBC has made significant contributions to the establishment of solid foundations for Thailand’s financial and banking sectors. For example, in 1889 HSBC issued the first banknotes in Thailand. HSBC also issued the first foreign loan to the Thai government for its railroad construction project. HSBC has always been a major driving force behind Thailand’s commerce and economy.

Throughout the past 130 years HSBC has based its standard services on an in-depth local knowledge and a true recognition of the Thai people’s changing needs. HSBC is committed to its goal to be the best bank and a key driving force for the Thai economy and Thai society.

Today, HSBC provides a comprehensive range of financial and banking services to corporate customers.

History timeline

1888 – The first step in Thailand
 

HSBC was established as the first commercial bank in Thailand on 2 December 1888 as Hongkong and Shanghai Banking Corporation during the reign of King Chulalongkorn. Its first office was located at “the old Belgian Consulate” on Charoenkrung Road.

1889 – Introduced first banknotes
 

The bank introduced the first banknotes into Siam in 1889 with the permission of Siamese authorities. The currency notes were issued in denomination of one, five, 10, 80, 90 and 100 ticals (baht) which were used widely to pay debts and taxes among customs officials and other government offices. When the Bank of Thailand issued its own banknotes in 1902, the amount of the Bank’s banknotes in circulation decreased gradually.

1890 – Moving to “Tanam Si Phraya”
 

In 1890, the bank moved to a Roman-style building, known today as Tanam Si Phraya, which was also the site of a luxury hotel called The Oriental for 87 years. The office building was declared officially open by HRH Prince of Chandaburi, then the Minister of Finance.

1905 - Siam's first foreign loans
 

The first public overseas loan to the Siamese government was issued in 1905 for the announced purpose of railway construction. The government, under the advice of a British financial expert, wished to retain a minimum treasury balance of 22 million baht. Railways were of a high priority in the unification and centralization of the Kingdom, and therefore the decision was made to borrow abroad.

The Siamese Ambassador in Paris approached two banks – one British, HSBC, and one French, Banque de I'Indo-Chine, the French and British issued bonds were to rank pari passu and the loan was issued in both London and Paris in March 1905. The actual signing of the agreement was celebrated with a dinner at the Savoy for 20 people including the Siamese Ambassador to Paris, Phraya Suriyanuwatr.

1977 – Moving to Siam Center
 

In 1977, the Bank moved from Tanam Si Phraya to Siam Center Department Store.

1982 – Moving to HSBC Building on Silom
 

In 1982, the Bank moved to the HSBC Building on Silom road for 20 years until 2001.

2001 – Moving to HSBC Building on Rama IV
 

On 9 February 2001, the bank moved to its current location of the HSBC Building on Rama IV road.

Financial information

2024

March English PDF 619.13 KB

February English PDF 614.29 KB

January English PDF 562.24 KB

2023

December English PDF 623.05 KB

November English PDF 613.71 KB

October English PDF 1.21 MB

September English PDF 609.66 KB

August English PDF 629.45 KB

July English PDF 602.91 KB

June English PDF 626.13 KB

May English PDF 618.21 KB

April English PDF 629.74 KB

March English PDF 619.58 KB

February English PDF 715.57 KB

January English PDF 192.40 KB

2022

December English PDF 638.34 KB

November English PDF 623.88 KB

October English PDF 640.30 KB

September English PDF 676.79 KB

August English PDF 668.67 KB

July English PDF 665.30 KB

June English PDF 634.49 KB

May English PDF 658.65 KB

April English PDF 664.46 KB

March English PDF 396.34 KB

February English PDF 1.26 MB

January English PDF 902.07 KB

2021

December English PDF 792.03 KB

November English PDF 609.91 KB

October English PDF 614.78 KB

September English PDF 834.69 KB

August English PDF 1.05 MB

July English PDF 923.56 KB

June English PDF 100.58 KB

May English PDF 180.27 KB

April English PDF 625.59 KB

March English PDF 410.36 KB

February English PDF 903.65 KB

January English PDF 580.99 KB

2020

December English PDF 1.24 MB

November English PDF 682.40 KB

October English PDF 682.10 KB

September English PDF 1.25 MB

August English PDF 1.57 MB

July English PDF 947.06 KB

June English PDF 484.44 KB

May English PDF 1.12 MB

April English PDF 82.04 KB

March English PDF 894.11 KB

February English PDF 156.11 KB

January English PDF 169.91 KB

2019

December English PDF 1018.77 KB

November English PDF 143.64 KB

October English PDF 426.39 KB

September English PDF 1017.73 KB

August English PDF 143.88 KB

July English PDF 140.91 KB

June English PDF 1.04 MB

May English PDF 50.65 KB

April English PDF 82.52 KB

March English PDF 1.19 MB

February English PDF 141.05 KB

January English PDF 142.86 KB

2018

December English PDF 653.58 KB

November English PDF 144.47 KB

October English PDF 192.83 KB

September English PDF 68.22 KB

August English PDF 94.38 KB

July English PDF 184.96 KB

June English PDF 953.23 KB

May English PDF 185.72 KB

April English PDF 144.12 KB

March English PDF 74.38 KB

February English PDF 54.20 KB

January English PDF 145.20 KB

2017

December English PDF 611.62 KB

November English PDF 145.54 KB

October English PDF 144.76 KB

September English PDF 1.25 MB

August English PDF 143.97 KB

July English PDF 1.44 MB

June English PDF 1.58 MB

May English PDF 82.42 KB

April English PDF 84.13 KB

March English PDF 1.58 MB

February English PDF 22.25 KB

January English PDF 142.50 KB

2016

December English PDF 581.57 KB

November English PDF 143.70 KB

October English PDF 144.97 KB

September English PDF 576.73 KB

August English PDF 142.86 KB

July English PDF 65.42 KB

June English PDF 1.59 MB

May English PDF 141.12 KB

April English PDF 145.43 KB

March English PDF 670.53 KB

February English PDF 54.53 KB

January English PDF 146.54 KB

2015

December English PDF 780.35 KB

November English PDF 141.02 KB

October English PDF 143.25 KB

September English PDF 542.69 KB

August English PDF 147.58 KB

July English PDF 147.94 KB

June English PDF 925.23 KB

May English PDF 151.92 KB

April English PDF 146.96 KB

March English PDF 253.18 KB

February English PDF 149.07 KB

January English PDF 135.18 KB

2014

December English PDF 193.10 KB

November English PDF 151.49 KB

October English PDF 148.66 KB

September English PDF 377.26 KB

August English PDF 310.20 KB

July English PDF 251.82 KB

June English PDF 588.85 KB

May English PDF 250.75 KB

April English PDF 249.97 KB

March English PDF 480.04 KB

February English PDF 254.75 KB

January English PDF 250.93 KB

2013

December English PDF 403.99 KB

November English PDF 256.33 KB

October English PDF 253.86 KB

September English PDF 455.16 KB

August English PDF 258.56 KB

July English PDF 261.55 KB

June English PDF 362.91 KB

May English PDF 259.68 KB

April English PDF 322.13 KB

March English PDF 2.68 MB

February English PDF 320.05 KB

January English PDF 326.49 KB

2012

December English PDF 406.72 KB

November English PDF 328.77 KB

October English PDF 325.15 KB

September English PDF 324.68 KB

August English PDF 326.19 KB

July English PDF 325.82 KB

June English PDF 321.07 KB

May English PDF 326.91 KB

April English PDF 324.13 KB

March English PDF 356.10 KB

February English PDF 325.42 KB

January English PDF 328.35 KB

2011

December English PDF 342.44 KB

November English PDF 13.58 KB

October English PDF 13.63 KB

September English PDF 296.69 KB

August English PDF 13.53 KB

July English PDF 13.44 KB

June English PDF 479.43 KB

May English PDF 13.55 KB

April English PDF 19.98 KB

March English PDF 877.11 KB

February English PDF 20.46 KB

January English PDF 14.27 KB

2010

December English PDF 14.40 KB

November English PDF 14.41 KB

October English PDF 14.83 KB

September English PDF 14.85 KB

August English PDF 14.42 KB

July English PDF 14.01 KB

June English PDF 626.43 KB

May English PDF 14.46 KB

April English PDF 14.46 KB

March English PDF 331.96 KB

February English PDF 14.03 KB

January English PDF 14.48 KB

2009

December English PDF 14.44 KB

November English PDF 13.98 KB

October English PDF 14.37 KB

September English PDF 321.84 KB

August English PDF 14.40 KB

July English PDF 14.31 KB

June English PDF 276.73 KB

May English PDF 14.28 KB

April English PDF 13.85 KB

March English PDF 13.84 KB

February English PDF 13.87 KB

January English PDF 13.82 KB

2023

For the years ended 31 December 2023 and 2022 English PDF 4.87 MB

For the years ended 31 December 2023 and 2022 Thai PDF 3.37 MB

2022

For the years ended 31 December 2022 and 2021 English PDF 1.67 MB

For the years ended 31 December 2022 and 2021 Thai PDF 5.14 MB

2021

For the years ended 31 December 2021 and 2020 English PDF 2.82 MB

For the years ended 31 December 2021 and 2020 Thai PDF 3.62 MB

2020

For the years ended 31 December 2020 and 2019 English PDF 2.04 MB

For the years ended 31 December 2020 and 2019 Thai PDF 3.16 MB

2019

For the years ended 31 December 2019 and 2018 English PDF 3.30 MB

For the years ended 31 December 2019 and 2018 Thai PDF 3.34 MB

2018

For the years ended 31 December 2018 and 2017 English PDF 2.82 MB

For the years ended 31 December 2018 and 2017 Thai PDF 2.73 MB

2017

For the year ended 31 December 2017 and 2016 English PDF 2.34 MB

For the year ended 31 December 2017 and 2016 Thai PDF 2.02 MB

2016

For the years ended 31 December 2016 and 2015 English PDF 2.17 MB

For the years ended 31 December 2016 and 2015 Thai PDF 2.38 MB

2015

For the years ended 31 December 2015 and 2014 English PDF 1.02 MB

For the years ended 31 December 2015 and 2014 Thai PDF 1.91 MB

2014

For the years ended 31 December 2014 and 2013 English PDF 1.06 MB

For the years ended 31 December 2014 and 2013 Thai PDF 2.80 MB

2013

For the years ended 31 December 2013 and 2012  English PDF 2.75 MB

For the years ended 31 December 2013 and 2012  Thai PDF 3.09 MB

2012

For the years ended 31 December 2012 and 2011 English PDF 1.61 MB

For the years ended 31 December 2012 and 2011 Thai PDF 2.32 MB

2011

For the years ended 31 December 2011 and 2010 English PDF 1.79 MB

For the years ended 31 December 2011 and 2010 Thai PDF 2.46 MB

2010

For the years ended 31 December 2010 and 2009 English PDF 2.27 MB

For the years ended 31 December 2010 and 2009 Thai PDF 2.72 MB

2009

For the years ended 31 December 2009 and 2008 English PDF 518.10 KB

For the years ended 31 December 2009 and 2008 Thai PDF 589.52 KB

2023

Pillar 3 Disclosures as at 30 June 2023 English PDF 312.91 KB

2022

Pillar 3 Disclosures as at 31 December 2022 English PDF 515.06 KB

Pillar 3 Disclosures as at 30 June 2022 English PDF 306.71 KB

2021

Pillar 3 Disclosures as at 31 December 2021 English PDF 520.33 KB

Pillar 3 Disclosures as at 30 June 2021 English PDF 303.29 KB

2020

Pillar 3 Disclosures as at 31 December 2020 English PDF 404.99 KB

Pillar 3 Disclosures as at 30 June 2020 English PDF 540.28 KB

2019

Pillar 3 Disclosures as at 31 December 2019 English PDF 928.75 KB

Pillar 3 Disclosures as at 30 June 2019 English PDF 479.92 KB

2018

Pillar 3 Disclosures as at 31 December 2018 English PDF 919.01 KB

Pillar 3 Disclosures as at 30 June 2018 English PDF 510.65 KB

2017

Pillar 3 Disclosures as at 31 December 2017 English PDF 893.18 KB

Pillar 3 Disclosures as at 30 June 2017 English PDF 421.92 KB

2016

Pillar 3 Disclosures as at 31 December 2016 English PDF 955.76 KB

Pillar 3 Disclosures as at 30 June 2016 English PDF 420.60 KB

2015

Pillar 3 disclosures as at 31 December 2015 English PDF 920.96 KB

Pillar 3 Disclosures as at 30 June 2015 English PDF 221.69 KB

2014

Pillar 3 disclosures as at 31 December 2014 English PDF 719.51 KB

Pillar 3 Disclosures as at 30 June 2014 English PDF 287.88 KB

2013

Pillar 3 Disclosures as at 31 December 2013 English PDF 870.58 KB

Pillar 3 Disclosures as at 30 June 2013 English PDF 268.92 KB

2012

Pillar 3 Disclosures as at 31 December 2012 English PDF 876.35 KB

Pillar 3 Disclosures as at 30 June 2012 English PDF 323.10 KB

2011

Pillar 3 Disclosures as at 31 December 2011 English PDF 284.76 KB

Pillar 3 Disclosures as at 30 June 2011 English PDF 144.26 KB

2010

Pillar 3 Disclosures as at 31 December 2010 English PDF 314.05 KB

Pillar 3 Disclosures as at 30 June 2010 English PDF 154.33 KB

2009

Pillar 3 Disclosures as at 31 December 2009 English PDF 307.68 KB

Pillar 3 Disclosures as at 30 June 2009 English PDF 19.95 KB


For details about HSBC’s global operations, Group board members and financial results, go to
our corporate website 

Disclosure of Supervisor-Imposed Fines (2021-2023)

Unit: THB

Disclosure of Supervisor-Imposed Fines 2021 2022 2023
1. Total amount of fines imposed by supervisors each year
1.1 By BOT Nil Nil Nil
1.2 By SEC Nil Nil Nil
1.3 By OIC - Not applicable as HSBC Thailand has no insurance business
2. Total amount of fines for the violation of each section of laws (top-3 amounts)
2.1 By BOT Nil Nil Nil
2.2 By SEC Nil Nil Nil
2.3 By OIC - Not applicable as HSBC Thailand has no insurance business
3. Number of times fines are imposed for the violation of each section of laws (top-3 number of times)
3.1 By BOT Nil Nil Nil
3.2 By SEC Nil Nil Nil
3.3 By OIC - Not applicable as HSBC Thailand has no insurance business
4. Fines due to unfair market conduct Nil Nil Nil

Note:

  • BOT: Bank of Thailand
  • SEC: Office of the Securities and Exchange Commission
  • OIC: Office of the Insurance Commission

HSBC Group history timeline


1865
 
2024

Hong Kong harbour, Chinese artist, early 1860s

Staff in Fuzhou, China, 1887

Portrait of Thomas Jackson, around 1890

Chinese railway bond certificate, 1907

Staff in military uniform, First World War

Hong Kong building, 1965

Prison camp diary of HSBC staff member Max Haymes, 1943

Hong Kong garment factory, around 1950

Persian banknote, early 20th century

UK cash machine, around 1970

HSBC office, New York, 1999

HSBC lion, London, present day

< >

The Hongkong and Shanghai Banking Corporation Limited opened in Hong Kong on 3 March 1865 and in Shanghai one month later. It was the first locally owned bank to operate according to Scottish banking principles.

By 1875 HSBC was present in seven countries across Asia, Europe and North America. It financed the export of tea and silk from China, cotton and jute from India, sugar from the Philippines and rice and silk from Vietnam.

By 1900, after strong growth under Chief Manager Thomas Jackson, the bank had expanded into 16 countries and was financing trade across the world. Bullion, exchange and merchant banking were important features of the bank’s business.

In the early 20th century, HSBC widened the scope of its activities in Asia. It issued loans to national governments to finance modernisation and infrastructure projects such as railway building.

The First World War brought disruption and dislocation to many businesses. By the 1920s, however, Asia was beginning to prosper again as new industries developed and trade in commodities such as rubber and tin soared.

The 1930s brought recession and turmoil to many markets. Nonetheless, HSBC asked architects Palmer and Turner to design a new head office in Hong Kong: “Please build us the best bank in the world.” The cutting-edge art deco building opened in 1935.

The bank faced one of its most challenging times during the Second World War. Staff in Asia showed huge courage in the face of adversity. Many became prisoners of war. Only the London, Indian and US branches remained in full operation.

At the end of the war, HSBC took on a key role in the reconstruction of the Hong Kong economy. Its support helped established manufacturers as well as newcomers to Hong Kong grow their business.

By the 1970s the bank had expanded through acquisition. HSBC bought Mercantile Bank and The British Bank of the Middle East in 1959. In 1972 it formed a merchant banking arm, extending its range of services.

In the 1980s HSBC bought Marine Midland Bank in the US. In 1992, the newly created HSBC Holdings plc made a recommended offer for full ownership of the UK’s Midland Bank. Following the acquisition, HSBC moved its headquarters to London.

In 1998, the bank announced it would adopt a unified brand, using HSBC and the hexagon symbol everywhere it operated.

Our purpose – Opening up a world of opportunity – explains why we exist. We’re here to use our unique expertise, capabilities, breadth and perspectives, opening up a world of opportunity for our customers.

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