Next steps
Bank Watch
Source: BDPolicyLab Watch record and cited public sourcesAs of 2026-07-05
The bank is facing significant reputational and legal pressure regarding labor practices following the closure of its retail banking division.
Bangladesh Bank extended the deadline for implementing a new inward remittance disposal framework.
HSBC and M&J Bangladesh collaborated for a maiden Trade API integration.
Winners were announced for the HSBC - BRAC University Business Case Competition 2026.
Bangladesh Bank extended the deadline for business and financial restructuring policy support applications.
Fitch Ratings revised the outlook on Bangladesh’s Long-Term Issuer Default Ratings to Negative.
All financial figures sourced directly from HSBC Bangladesh's audited financial statements for the year ended December 31, 2024 (signed April 29, 2025 by Dhaka-based auditors; ICAB Enrolment No. 770). Key Financial Highlights table at page 8 of the PDF confirms: total assets BDT 346,321,867,340; total deposits BDT 226,965,117,794; total loans and advances BDT 189,277,560,453; profit after tax and provisions BDT 10,861,350,119; CAR 26.90%; classified advances as % of total advances 1.69%; ROA 3.14%; ROE 17.24%. NPL ratio 1.69% is 'classified advances as a percentage of total advances' per item 13 of the Key Financial Highlights table. CET1 ratio 25.22% per Basel III disclosure (page 9). Total shareholders equity BDT 63,016,561,543 per balance sheet. paid_up_capital_bdt field reports 'Fund deposited with Bangladesh Bank' (BDT 4,395,378,331 at Dec 31, 2024), which is the statutory capital deposit required of foreign-incorporated banks; this is not the same as paid-up capital in the domestic sense. HSBC Bangladesh does not have a traditional paid-up capital/authorized capital structure as it is not incorporated locally. Employees: 829 for FY2024 (same as 2023), per note 33.9 of the financial statements (employees earning Tk 36,000 or above per year). CEO Md. Mahbub ur Rahman: appointed April 5, 2020 as first Bangladeshi CEO of HSBC Bangladesh, per multiple press sources. Branch count of 13 per banksbd.org listing across 5 districts (Dhaka 8, Chattogram 2, Narayanganj 1, Mymensingh 1, Sylhet 1). Note: HSBC Bangladesh website (about.hsbc.com.bd) references the Mercantile Bank of India presence from 1951 and HSBC's acquisition in 1959, but the entity operating in Bangladesh today is a branch of HSBC (The Hongkong and Shanghai Banking Corporation Limited); license date April 17, 1996 and first branch December 3, 1996 are the operative dates per official HSBC website. CRAB AAA/ST-1 rating per note 33 of FY2024 financials; stated valid until June 30, 2025; renewal status as of May 20, 2026 not confirmed. The notes state 'Long-term AAA (2022: AAA)' consistent with multi-year reaffirmation. rating_as_of set to June 30, 2024 (validity start of the stated period). Retail wind-down timeline: announcement approximately February 22, 2025 (Nasdaq / Yahoo Finance press release); PIB shutdown December 4, 2025; contact centre shutdown June 1, 2026. CIB continues. verification_status=verified: two primary sources (audited financial statements PDF + press coverage) cross-check key figures.
Source: 10 primary source linksAs of 2026-07-05
HSBC organized an investment horizon event in collaboration with Bangladesh Special Economic Zone.
HSBC was recognized as the Best Service Provider in Trade Finance in Bangladesh at The Asset Triple A Treasurise Awards 2026.
HSBC Bangladesh and PRAN Group signed a landmark Treasury API agreement.
Bangladesh Bank announced that the use of Bangla QR would become mandatory nationwide.
Terminated former employees held a press conference alleging labor law violations during the bank's retail exit.
Bangladesh Bank issued a circular allowing banks to waive interest for defaulters.