HSBC Group has a long and diverse history in Indonesia. HSBC opened its first branch in the country in Jakarta in 1884 under the name of The Hongkong and Shanghai Banking Corporation Limited, Indonesia Branch (“HSBC Foreign Bank Branch in Indonesia”). HSBC initially helped finance and facilitate the Indonesian sugar trade. HSBC then started expanding operations, by establishing a second office in the city of Surabaya in 1896. Over the subsequent years and decades HSBC has continued to grow and strengthen its presence in the growing and dynamic Indonesian economy.
In 2009, HSBC Group bought Bank Ekonomi Raharja (Bank Ekonomi), a local bank with a presence across the breadth of Indonesia. In October 2016, Bank Ekonomi was rebranded PT Bank HSBC Indonesia.
In On 17 April 2017, HSBC Group integrated the operations of HSBC Foreign Bank Branch in Indonesia with PT Bank HSBC Indonesia to form PT Bank HSBC Indonesia. This was a major milestone in HSBC Group’s history in Indonesia. The integration allowed HSBC to expand the range of banking propositions, as well as to contribute directly to the growth of the Indonesian economy by connecting customers to opportunities through our expanded capabilities and geographic network in the country.
PT Bank HSBC Indonesia offers a wide range of products and services in commercial, wholesale and retail banking and wealth management. The Bank’s substantial domestic footprint and HSBC Group's global network capabilities, means the Bank is well-placed to support customers with best in class solutions both at home in Indonesia and overseas in the markets and territories where HSBC Group has a presence.