HSBC Bank Perú offers commercial banking, personal banking, foreign trade, and treasury services. It is seeking to step up its operations with export-oriented companies in Peru. HSBC Bank Perú will onlend the proceeds of a credit line from the IIC to approximately forty SMEs. These short- and medium-term subloans are expected to average $500,000 and target export-oriented companies.
This is the first time that HSBC Bank Perú will receive longer-term financing. Such financing will help it improve its asset-liability matching while diversifying its client base.