HSBC Bank Georgia explained

HSBC Bank Georgia JSC was a bank in Georgia. It opened its doors for business in Tbilisi in June 2008.^{[1] [2]} It was a locally-licensed joint venture between the HSBC Holdings Plc - which held 70% ownership - and members of overseas businesses who held 30%.

In 2011, HSBC announced that it would close its Georgian business.^[3]

Notes and References

1. Web site: HSBC Opens Bank In Georgia Global Custodian. www.globalcustodian.com. 2018-01-09.
2. News: HSBC Opens A Second Branch In Tbilisi.
3. News: HSBC announces intention to exit Georgia . . 8 September 2011 . 13 February 2018.