Australia · Financial institution
HSBC Bank Australia Limited
HSBC Bank Australia Limited is an unlisted public company incorporated in Australia, with its head office in Barangaroo, Sydney. It is an indirect subsidiary of HSBC Holdings plc and is held through HSBC Australia Holdings Pty Limited. The Australian Prudential Regulation Authority (APRA) regulates it as an authorised deposit-taking institution. It provides lending, deposit taking, trade finance, custody, cash management, foreign exchange and capital markets services. On 31 July 2026 it agreed to sell its AUD 36 billion home and personal loan portfolio to Blackstone and began winding down its remaining retail business.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Regulatory status
FSB · global systemically important banks
2025 list
- G-SIB
- HSBC
- Relation
- In a G-SIB groupGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
- Bucket
- 3 of 5 · extra capital buffer 2.0% of risk-weighted assets
- On the list since
- 2011
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- HKBAAU2SXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under HKBAAU2S directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- No entry in the EPC registers, the ECB T2 and TIPS lists or the SIX Bank Master cites this BIC
- Branch codes
- 10 branch codes
- BIC first registered
- 1987-02-16
- Last updated
- 2025-11-15
Overview
Researched 29 Sep 2026 · Sources
Employees
Not published
Ownership
Group subsidiary
HSBC Australia Holdings Pty Limited
Institution type
Commercial bank
Trades as HSBC Australia
- Standing
- On 31 July 2026 the bank announced that it will wind down its Australian retail banking business over 18 months. It no longer accepts applications for new retail products. It has agreed to sell its home and personal loan portfolio to Blackstone, with completion expected in the first half of 2027, subject to regulatory approval. Corporate and institutional banking, private banking and asset management continue.
- Ownership
- HSBC Australia Holdings Pty Limited is the immediate parent, and HSBC Holdings plc is the ultimate parent.
- Direct parent
- HSBC Australia Holdings Pty Limited, Australia
- Ultimate owner
- HSBC Holdings plc, United Kingdom
- Head office
- Level 36, Tower 1, International Towers Sydney, 100 Barangaroo Avenue, 2000 Sydney, Australia
- Company register
- ABN 48 006 434 162 (AFSL/Australian Credit Licence 232595)
- Former name
- HONGKONGBANK OF AUSTRALIA LIMITED
Business lines
Its 2025 annual report lists lending, deposit taking, trade finance, custody, cash management, money market, foreign exchange and capital markets services as principal activities. Its retail business is being wound down from July 2026.
Online
- Websites & references
- hsbc.com.au ↗
about.hsbc.com.au ↗ corporate information, news and financial disclosures
business.hsbc.com.au ↗ corporate and business banking site
Wikipedia ↗ - Official social accounts
- None found
Sources · 13 pages consulted
- hsbc.com/-/files/hsbc/investors/hsbc-results/2025/annual/pdfs/hsbc-bank-australia-ltd/260330-hbau-
- about.hsbc.com.au/
- hsbc.com.au/
- about.hsbc.com.au/hsbc-in-australia/financial-disclosures
- about.hsbc.com.au/news-and-media
- about.hsbc.com.au/news-and-media/steve-hughes-commences-as-ceo-of-hsbc-australia-and-new-zealand
- about.hsbc.com.au/news-and-media/hsbc-agrees-to-sell-aud36billion-australian-home-and-personal-loan-portfol
- about.hsbc.com.au/news-and-media/notice-ordered-by-the-federal-court-of-australia
- asic.gov.au/about-asic/news-centre/find-a-media-release/2026-releases/26-127mr-federal-court-orders-3
- about.hsbc.com.au/-/media/australia/en/hsbc-in-australia/finacial-information-archive/260528-pillar-disclos
- hsbc.com.au/help/important-notices/
- about.hsbc.com.au/news-and-media/grant-king-appointed-chairman-of-hsbc-bank-australia
- en.wikipedia.org/wiki/HSBC_Bank_Australia
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Steve Hughes
Chief Executive Officer and Head of Banking, HSBC Australia and New Zealand; Executive Director
- Chair
- Grant King Non-executive Director and Chairman
- Chief financial officer
- Lettina Evans Chief Financial Officer
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- Australia
- Australian Prudential Regulation Authority Prudential supervisorResolution
- Australia
- Australian Securities and Investments Commission ConductSecurities
- Australia
- Australian Transaction Reports and Analysis Centre AML supervisor
Recent events 2 enforcement or investigation items
Researched 29 Sep 2026 · Sources
-
Other
The bank agreed to sell its AUD 36 billion home and personal loan portfolio to Blackstone and to wind down its remaining retail business.
about.hsbc.com.au ↗ -
Enforcement
The Federal Court of Australia ordered the bank to pay AUD 35 million in penalties in ASIC proceedings over scam and unauthorised-transaction control failures.
asic.gov.au ↗ -
Leadership
Steve Hughes became Chief Executive Officer on 1 January 2026, succeeding Antony Shaw, who stepped down on 31 December 2025.
about.hsbc.com.au ↗ -
Leadership
The bank appointed Anne Loveridge as a Non-executive Director with effect from 1 February 2025.
hsbc.com ↗ -
Investigation
ASIC commenced civil penalty proceedings against the bank in the Federal Court on 13 December 2024 over customer losses from scams.
asic.gov.au ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- HKBAAU2SXXX
- How the BIC breaks down
- HKBABank
- AUCountry · Australia
- 2SLocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- DY9DBNI4W8J63Z298033
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- Australia · East Asia & Pacific
- FSB G-SIB list
- In a G-SIB group · HSBC list of 2025
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Ultimate parent
- HSBC Holdings PLC · United KingdomMLU0ZO3ML4LN2LL2TL39 ↗
- FSB G-SIB list
- In a G-SIB group · HSBC bucket 3 · 2025 listGLEIF records a G-SIB entity as this legal entity’s ultimate parent. The bucket applies to the group, and membership does not make this entity a bank.
The HSBC Holdings PLC group has 118 institutions in the directory, in 46 countries: 117 hold a BIC and 1 does not.
Including HSBC Bank PLC, The Hongkong and Shanghai Banking Corporation Limited, HSBC Continental Europe, The Hongkong and Shanghai Banking Corporation Limited, HSBC Holdings PLC.
See the HSBC Holdings PLC group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- BARANGAROO AVENUE 100 FLOOR LEVEL 36 SYDNEY 2000 AUSTRALIA
- Operational address
- INTERNATIONAL TOWERS SYDNEY TOWER 1 FLOOR 36 100 BARANGAROO AVENUE SYDNEY SYDNEY NSW 2000 AUSTRALIA
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>HKBAAU2SXXX</BICFI>
<LEI>DY9DBNI4W8J63Z298033</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>HKBAAU2SXXX</BICFI>
<LEI>DY9DBNI4W8J63Z298033</LEI>
<Nm>HSBC BANK AUSTRALIA LIMITED</Nm>
<PstlAdr>
<TwnNm>SYDNEY</TwnNm>
<Ctry>AU</Ctry>
<AdrLine>BARANGAROO AVENUE 100 FLOOR LEVEL 36 SYDNEY 2000</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Network
Branches and correspondent banking
All 10 branch BICs connect to the head office. No city, function or registration year splits them into groups. 4 other banks publish 4 accounts held with this bank.
- Own offices
- Respondent banks: they hold accounts here
Hover over a branch, account or group to see its details
Respondent banks
From the correspondent lists other banks publish
4 other banks publish 4 accounts held with this bank.
| Currency | Respondent bank | Held at | Account | Purpose | Published in |
|---|---|---|---|---|---|
| AUD | Banco Bpm SPA Italy | HKBAAU2S | 011-607785-041 BANCO BPM SPA | CP and FX | gruppo.bancobpm.it ↗ dated Aug 2025 |
| AUD | HSBC Continental Europe France | HKBAAU2SSYD | 011-252632-041 | Local clearing bank; via head-office account FR7630056008290829006278235 (CCFRFRPP) | hsbc.be ↗ |
| AUD | Mbank S.A. (Formerly Bre Bank S.A.) Poland | HKBAAU2SSYD | — | — | mbank.pl ↗ dated May 2026 |
| AUD | The Hongkong and Shanghai Banking Corporation Limited Hong Kong SAR China | HKBAAU2SSYD | 001-795053-041 | inward customer payments (settlement account) | hsbc.com.hk ↗ |
Each row is an account the respondent bank lists as held with this bank, as published. Only banks that publish their correspondent accounts, and that Elucidate has researched, can appear, so the list is not complete. Confirm settlement instructions with either bank before relying on them.
Branch codes
| BIC | Branch | City | Address | LEI | Updated |
|---|---|---|---|---|---|
| HKBAAU2SADL | ADELAIDE BRANCH | Adelaide | ADELAIDE ADELAIDE AUSTRALIA | — | 2019-05-09 |
| HKBAAU2SBAU | HSBC BANK AUSTRALIA LTD | Sydney | INTERNATIONAL TOWERS SYDNEY TOWER 1 FLOOR 36 100 BARANGAROO AVENUE SYDNEY SYDNEY 2000 AUSTRALIA | — | 2019-05-09 |
| HKBAAU2SBNE | BRISBANE BRANCH | Brisbane | HONGKONGBANK BUILDING 300 QUEEN STREET BRISBANE BRISBANE 4000 AUSTRALIA | — | 2019-05-09 |
| HKBAAU2SCLS | CLS DIVISION | Sydney | SYDNEY SYDNEY AUSTRALIA | — | 2019-05-09 |
| HKBAAU2SGPI | PAYMENT INVESTIGATION | Sydney | INTERNATIONAL TOWERS SYDNEY TOWER 1 FLOOR 36 100 BARANGAROO AVENUE SYDNEY SYDNEY NSW 2000 AUSTRALIA | — | 2022-10-01 |
| HKBAAU2SLAS | LOAN AGENCY SYNDICATED FINANCE DEPARTMENT | Sydney | INTERNATIONAL TOWERS SYDNEY TOWER 1 FLOOR 37 100 BARANGAROO AVENUE SYDNEY NSW 2000 SYDNEY SYDNEY 2000 AUSTRALIA | — | 2021-02-06 |
| HKBAAU2SMEL | — | Melbourne | MELBOURNE MELBOURNE AUSTRALIA | — | 2019-05-09 |
| HKBAAU2SPTH | PERTH BRANCH | Perth | R AND I TOWER FLOOR 28 108 ST GEOARGE'S TERRACE PERTH PERTH 6000 AUSTRALIA | — | 2019-05-09 |
| HKBAAU2SSYC | SYDNEY HAYMARKET BRANCH | Sydney | 724-728 GEORGE STREET SYDNEY SYDNEY 2000 AUSTRALIA | — | 2019-05-09 |
| HKBAAU2SSYD | — | Sydney | SYDNEY SYDNEY AUSTRALIA | — | 2019-05-09 |
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: hsbc.com.au (official website) · original; Steve Hughes: about.hsbc.com.au (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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