HSBC Mexico operates as a foreign bank of HSBC México S.A., Institución de Banca Múltiple, Grupo Financiero HSBC. Incorporated in 1941, the bank is based in Guadalajara, Mexico. It employs around 16,000 staff and manages 973 branches and 5,532 ATMs. As of 2016, the bank’s assets totaled US$35 billion and net profit amounted to US$81 million.