HSBC Argentina acquired and new entity is renamed Galica Mas in December 2024.

[earlyretirement]

🏦🇦🇷HSBC Argentina is set to undergo a significant transformation as it will be renamed Galicia Más in December 2024. This change comes from Banco Galicia's acquisition of HSBC's operations in Argentina, which was announced earlier this year.

➡️Acquisition and Rebranding

💰Banco Galicia, one of Argentina's largest private banks, has purchased HSBC's Argentine subsidiary. As part of this acquisition, HSBC Argentina will adopt the new name "Galicia Más" starting in December. This move marks the end of HSBC's presence in the Argentine banking market after nearly three decades of operations here.

Timeline and Integration:

🗓️The rebranding process is scheduled to take place in December 2024, coinciding with the formal completion of the acquisition. During this transition, Banco Galicia will integrate HSBC Argentina's operations into its existing structure, potentially creating one of Argentina's largest private banking entities.

🔄This acquisition and subsequent rebranding represent a significant shift in Argentina's banking landscape. The move is expected to strengthen Banco Galicia's position in the market and may lead to increased competition among the country's top financial institutions.

https://twitter.com/x/status/1861726665337983031

 

[Betsy Ross]

I hated HSBC. I banked with them for a while but it was always a bad experience. Slow customer service. I'm glad they are gone. Banco Galicia is very good.

 

[Vince]

I hated HSBC. I banked with them for a while but it was always a bad experience. Slow customer service. I'm glad they are gone. Banco Galicia is very good.

I bank with Banco Galicia and very happy with them. My wife was with HSBC for years. She never had any problems with them either. This should be very big now. Probably the largest bank in Argentina.

 

[noname]

I’ve been an HSBC customer for years and have never had any problems. I’ve had a great experience with them; there’s always an account advisor available to help with any questions or issues. I hope Banco Galicia can live up to expectations. I’ve only been to Banco Galicia to make some deposits over the counter, and they always take forever.