SÃO PAULO, 17 June (Reuters) – HSBC Brasil is betting on the recent growth rate of its revenues to gain relevance in the group’s global results, said the institution’s executive president, Alexandre Guião.
‘We want to be in the top 10, we want to continue growing to be an increasingly relevant country’, said the executive in an interview with Reuters, citing that the Brazilian operation is already in the top 20 of HSBC, which is present in 55 countries.
He did not define a deadline for such an increase, but highlighted that in the first five months of 2026 the bank has already recorded a 39% growth in revenue, after closing 2025 with an increase of 20% compared to 2024, which had already registered an increase of 12% compared to 2023.
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And he also highlighted that this expansion is significantly greater when considering operations originating in the country, but accounted for abroad.
‘We have super strong growth’, he stated. In 2025, HSBC Brasil had a net profit of R$216.2 million, an increase of 30.4% compared to the previous year.
Since the sale of the retail operation in the country, concluded in 2016, HSBC has repositioned itself in Brazil and is now an institution focused on wholesale, serving around 800 economic groups, most of them multinationals.
The bank has focused its efforts on serving large companies with an international presence and connecting financial flows between countries, taking advantage of the ‘globality’ of the operation.
Internally, the payments and treasury areas have been mainly responsible for the increase in revenue, reflecting the demand from multinationals for integrated solutions between different countries.
The bank has focused on customization to compete with larger institutions in the country, including projects such as automated financial reconciliation solutions.
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Guião highlighted the relevance of trade flow between Brazil and Asia, especially with China, for the expansion of revenues. In this regard, he mentioned, Brazil is already among HSBC’s ten largest markets in terms of revenue.
Despite the performance, the executive highlighted challenges in the Brazilian scenario, especially high interest rates and fiscal risk, factors that impact corporate credit.
HSBC Brasil needed to record in this year’s balance sheet provisions related to operations with sugar and ethanol producer Raízen and retailer GPA, which sought an agreement with creditors to restructure their debts.
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Guião said that these recent cases led the bank to reinforce caution in granting credit, but highlighted that the bank continues to bet on growth.
He pointed out that sectors such as infrastructure, energy and agribusiness continue to have good opportunities, but also highlighted projects linked to the energy transition, remembering that HSBC has ambitious global financing goals in this area.
(Reporting by Paula Arend Laier; editing by Igor Sodré)
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