HSBC Bank Uruguay S.A. is the principal HSBC operating company in Uruguay. It is the fifth-largest bank in the country, it provided a full range of banking and financial products and services, including commercial, consumer and corporate banking.
HSBC began its operations in Uruguay in 2000, marking the start of a period of steady growth within the local financial market. Initially, the bank employed around 60 people, a number that has since grown significantly, now exceeding 260 team members.
In 2023, the bank inaugurated a new headquarters in Montevideo, designed with an innovative layout and a business model that departs from traditional banking practices. This transformation was driven by internal workplace trends and customer feedback, aiming to deliver a more efficient and personalized banking experience.
In 2025, HSBC Latin America announced the sale of its Uruguayan operations to the Brazilian bank BTG Pactual for US$175 million. By the end of 2024, HSBC Uruguay operated five branches across the country, managed total assets of US$1.8 billion, and maintained a loan portfolio valued at US$1.1 billion.