# Bank HSBC Indonesia > local bank in Indonesia of the HSBC Group **Wikidata**: [Q107181600](https://www.wikidata.org/wiki/Q107181600) **Source**: https://4ort.xyz/entity/bank-hsbc-indonesia ## Summary Bank HSBC Indonesia is a local banking institution operating within Indonesia, forming part of the global HSBC Group. It functions as a financial intermediary, accepting deposits and providing credit services to its customers in the region. The bank is primarily owned by HSBC Asia Pacific. ## Key Facts - **Aliases**: PT Bank HSBC Indonesia, HBID, Bank Ekonomi, HSBC Indonesia, HSBC Bank of Indonesia - **Country of Operation**: Indonesia - **Parent Organization**: HSBC Asia Pacific - **Ownership Structure**: 98.94% owned by HSBC Asia Pacific - **Headquarters**: World Trade Center Jakarta - **Replaced Entity**: Q12474488 (Wikidata ID) - **Nature**: A local bank in Indonesia - **Wikipedia Presence**: One sitelink, specifically on Indonesian Wikipedia (`id`) ## FAQs **What is Bank HSBC Indonesia?** Bank HSBC Indonesia is a financial institution operating locally in Indonesia. It is a part of the larger HSBC Group, providing banking services such as deposit-taking and lending within the Indonesian market. **Who owns Bank HSBC Indonesia?** Bank HSBC Indonesia is predominantly owned by HSBC Asia Pacific, which holds a 98.94% stake in the local bank. This establishes its direct affiliation with the broader HSBC Group. **Where is Bank HSBC Indonesia headquartered?** The headquarters for Bank HSBC Indonesia are located in the World Trade Center Jakarta. This serves as the central administrative hub for its operations within the country. **What was Bank HSBC Indonesia known as previously, or what entity did it replace?** Bank HSBC Indonesia has several aliases, including "Bank Ekonomi." It formally replaced an entity identified by the Wikidata ID Q12474488. ## Why It Matters Bank HSBC Indonesia plays a crucial role in the Indonesian financial landscape as a local arm of a major global banking group. As a bank, it acts as a fundamental financial intermediary, facilitating economic activity by accepting deposits from individuals and businesses and then channeling those funds into loans and other credit facilities. Its presence ensures access to international banking standards and services within Indonesia, contributing to the stability and growth of the local economy. The bank's operations are integral to supporting both personal financial management and commercial development, leveraging the extensive resources and expertise of the HSBC Group. ## Notable For - **Local Presence of a Global Group**: Serves as the primary local banking entity for the HSBC Group in Indonesia. - **Significant Foreign Ownership**: 98.94% owned by HSBC Asia Pacific, indicating a strong direct link to its international parent. - **Specific Headquarters**: Its operations are centrally managed from the World Trade Center Jakarta. - **Successor Entity**: Replaced a previous financial entity, identified by Wikidata ID Q12474488, indicating a continuity or evolution in its operational history. ## Body ### Identity and Affiliation Bank HSBC Indonesia is formally known by several aliases, including PT Bank HSBC Indonesia, HBID, HSBC Indonesia, and HSBC Bank of Indonesia. It is also referred to as Bank Ekonomi, which may relate to its historical context or a previous identity. The entity is classified as a local bank operating within Indonesia. It is a direct component of the global HSBC Group, with its parent organization being HSBC Asia Pacific. This relationship is further defined by HSBC Asia Pacific's significant ownership stake, holding 98.94% of Bank HSBC Indonesia. ### Operational Details The primary country of operation for Bank HSBC Indonesia is Indonesia. Its central administrative functions and main offices are situated at the World Trade Center Jakarta. As a bank, its core function aligns with the general definition of a financial institution: it accepts deposits from the public. This positions it as a financial intermediary and a credit institution, providing essential services like deposit-taking and lending within the Indonesian market. ### Historical Context Bank HSBC Indonesia formally replaced an entity identified by the Wikidata ID Q12474488. This indicates a transition or merger in its operational history, with one of its aliases, "Bank Ekonomi," potentially referring to the entity it succeeded or a former brand under which it operated. ### Digital Presence and Information The bank maintains a digital presence, evidenced by a sitelink count of 1. This presence is specifically on the Indonesian Wikipedia, where information about the entity can be found. The Wikidata description further clarifies its nature as a "local bank in Indonesia of the HSBC Group." ### Nature as a Financial Institution As an instance of a 'bank', Bank HSBC Indonesia functions as a critical part of the financial system. Banks are defined as financial institutions that accept deposits and operate as financial intermediaries and credit institutions. Their primary industry is bank operations, involving core services such as deposit-taking and lending. Banks are subclassified as financial intermediaries, credit institutions, enterprises, and depository institutions. This places Bank HSBC Indonesia within a well-defined framework of financial services providers, distinct from non-bank entities and from the physical buildings they occupy. The concept of a bank is extensively documented across global knowledge systems, including various library and thesauri identifiers, and is represented by symbols like the Unicode character 🏦 and the OpenStreetMap tag `amenity=bank`.