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HSBC OPENS RETAIL BRANCH IN NORTH RYDE

24 July 2001

HSBC Bank Australia Limited has opened a new branch in North Ryde. The branch, which is located in the Macquarie Centre (Shop 17), was officially opened today by Councillor Ivan Petch, Mayor of Ryde.

The Macquarie Centre branch, employing nine new members of staff including branch manager, Ms Susan Power, will provide HSBC's customers with a full range of personal financial services including lending and transactional services, financial planning, managed funds, margin lending and insurance.

Speaking at the opening ceremony, Head of Personal Financial Services of HSBC in Australia, Mr. Kevin Martin said: "We expect to double our branch network over the next five years, expanding in areas where an increased demand exists for personal wealth management services. The establishment of our new Macquarie Centre branch brings our Australian network to 21, in addition to our internet and direct banking services."

The design of the new branch follows HSBC's international style and will provide customers with a comfortable and convenient environment in which to conduct their banking. The new branch also provides customers with access to ATM services.

Notes to editors
1. The HSBC Group in Australia
Headquartered in London, the HSBC Group is one of the world's largest international banking and financial services organisations with assets of US$674 billion (A$1029 billion) as at 31 December 2000 and over 170,000 employees in more than 6,500 offices in 79 countries and territories.

The HSBC Group has major personal, commercial, corporate and investment banking and insurance businesses in the Asia-Pacific region, Europe, the Americas, the Middle East and Africa.

In Australia, the HSBC Group offers an extensive range of financial services through a network of 34 branches and offices. These services include personal and commercial financial services, trade finance, non-advisory stockbroking, treasury and financial markets, corporate finance, funds management, electronic banking, and investment advisory and securities custody.