Changes to HSBC’s legal entity structure in Poland

As political and regulatory change in our region continues, it’s important that we organise our business in a way that supports HSBC’s pan-European proposition for clients. To achieve this, we have adjusted our legal entity structure in Belgium, Czech Republic, Ireland, Italy, Luxembourg, the Netherlands, Poland and Spain.

To find out more about the adjustments to the legal entity structure in the above mentioned countries read the announcement on HSBC France’s website - available in French only.

On 1 August 2018, HSBC Bank Polska SA became a direct subsidiary of HSBC France. On 1 April 2019, this change of ownership was followed by a transfer via merger of the business of HSBC Bank Polska SA to a newly formed Polish branch of HSBC France, acting under the name HSBC France (Spółka Akcyjna) Oddział w Polsce.

To find out more, read the merger plan (PDF, 7.34MB)

This structural change further supports HSBC’s commitment to the Polish market and to our clients. From a credit perspective, this change enables us to develop our ability to offer larger financing facilities to our clients in Poland. From a deposit perspective, our clients are serviced by a branch of HSBC France, a financial institution with a strong credit rating.

What this change means for our customers?

As a result of these changes, on 1 April 2019, HSBC France (Spółka Akcyjna) Oddział w Polsce replaced HSBC Bank Polska S.A. as your contractual product and service provider and assumes responsibility for the continued provision of products and services in accordance with the terms and conditions of your existing contract(s). Customers therefore continue to benefit from the same level of service.

What this change means for HSBC?

HSBC France is headquartered in Paris and is supervised by both the European Central Bank (ECB), as part of the Single Supervisory Mechanism (SSM), and the French Prudential Supervisory and Resolution Authority (ACPR) as the French national competent authority. The French Financial Markets Authority (AMF) also supervises HSBC France for activities involving financial instruments or executed on financial markets. HSBC France (Spółka Akcyjna) Oddział w Polsce is also subject to the local supervision of the Komisja Nadzoru Finansowego.

HSBC France is the main continental European hub for HSBC with more than 8,000 employees, a strong balance sheet, extensive product capabilities and strong credit ratings (Moody’s: Aa3, Fitch: AA- and Standard & Poors: AA-, as at 19 March 2019).