HSBC Bank closed the retail in Russia

HSBC has decided to terminate the provision of retail services and the maintenance of wealthy Russians, and will focus on serving corporate customers in Russia. This was reported on Monday, April 25 at the site of the credit institution. "Package of banking services for private clients will no longer be available soon, and the provision of services under proposals HSBC Premier and HSBC Plus will be terminated in accordance with treaty obligations", - said in a statement. At the same time, «HSBC remains firmly committed to continuing the development of business in the Russian market, providing a wide range of services in corporate and investment banking. We aim to invested capital for further services to corporate clients and financial institutions ", - stated in a press release. HSBC - one of the largest banking groups in the world, with headquarters in London. The corporation was founded in Hong Kong in 1865, its name - an acronym for The Hongkong and Shanghai Banking Corporation. In Russia, the corporation HSBC represented "daughter" - HBO, CBS Broadcasting Corporation Bank, which specializes in corporate and investment directions. In the summer of 2009 the bank launched a counter. The fact that the bank intends to roll it, it became known in February 2011. Note that the NSBC is not the first foreign bank that is fully or partially collapses the Russian business after the crisis. In February 2011 plans to sell Russian entities has announced the British Barclays. Dutch Rabobank has closed the Russian "daughter", and in December 2010, Russia joined the Spanish Santander, which bought the business bank "Orient Express". In addition, it would sell its Russian structures declared Belgian KBC and Scandinavian Swedbank.