Page "The Hongkong and Shanghai Banking Corporation" Paragraph 43

HSBC initially opened for business in Thailand in 1888, becoming the first commercial bank in the country.

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's main branch office in Thailand is situated in Bangkok on Rama IV Road opposite Lumpini Park.

In 2011, Phase 2 of the new Financial Sector Master Plan allowed foreign banks to open up to two branches in the Kingdom of Thailand in preparation for full retail operations.

Accordingly, a second branch was opened on Thonglor ( Sukhumvit 55 ) in early 2011.