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Bank of Bermuda Launches International Banking Centre

Ian Allison

22 February 2006

The Bank of Bermuda, part of the HSBC banking empire, has launched an International Banking Centre, which provides those living in the region a range of overseas services by linking to any HSBC branch worldwide. The centre’s intermediary role with HSBC will cater to specialist banking needs such as: attaining a mortgage on an overseas property; setting up additional bank accounts outside Bermuda; or helping students who want to study abroad. It is also useful for expatriates moving to Bermuda, who wish to set up accounts prior to relocation as well as Bermudians and other individuals who are resident overseas but need to conduct banking transactions in Bermuda. The launch of the centre comes amid a wave of interest in overseas property buying. The capital, Hamilton, recently hosted seminars on the subject featuring representatives from Bank of Bermuda, Rego Sotheby’s International Realty, Coldwell Banker JW Bermuda Realty and London Central Portfolio. The Bank of Bermuda has been a wholly-owned subsidiary of HSBC since 2004.