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One of the world's largest banking and financial services organizations, the HSBC Group has been doing business in the Philippines for over 132 years where they currently employ over 8,000 people.

Established in Hong Kong in March 1865 and in Shanghai a month later, The Hongkong and Shanghai Banking Corporation (HSBC) is the founding member of the HSBC Group and the Group's flagship in Asia. The HSBC Group, with around 8,500 offices in 86 countries and territories and assets of US$2,422 billion as at 30 June 2009, is one of the world’s largest banking and financial services organisations.

HSBC began operating in the Philippines in November 1875, in Binondo. A second branch was opened in Iloilo to serve the growing sugar industry. In 1971, the main branch in Binondo was moved to Makati City. Ten years later, in 1981, the Iloilo branch was closed and a new branch in Ortigas Centre was opened.

Following the introduction of the Foreign Bank Liberalisation Act of 1994, HSBC re-opened a branch in Binondo in 1995 and established a branch in Cebu in 1996. In 1999, a fifth branch was opened in Quezon City. To cater to the needs of clients in the Mindanao regions, a branch was opened in Davao in 2006. The most recent addition is the branch in the Bonifacio Global City in Taguig, bringing the total number to 7 main bank branches.