Archives

HSBC recently won a string of 2002 awards from a number of key regional publications and organisations. HSBC was ranked Best Trade Finance Bank in FinanceAsia's Achievement Awards and The Assets Triple A Awards.

FinanceAsia said HSBC's hold on trade finance services remains firm, winning the award for the sixth year running. HSBC was voted preferred bank for its regional and global coverage. Respondents also praised the bank for its quick response times and its fast and accurate processing of documents.

The Asset outlined: It's been a tough year for trade finance activities, but HSBC benefits from a still expanding intra-Asian trade. The banks core strength is still derived from its reliable traditional services. The bank (though) has not neglected developing products and services because of evolving customer demand. HSBC also took the top Sub-custodian rankings from both FinanceAsia and The Asset.

The Asset said HSBC again asserts its leadership role as the world's sub-custodian of choice in the Asian Pacific and Middle East regions.Assets under custody have topped US$250 billion with HSBC typically having the largest share of foreign institutional investor business in each market.

FinanceAsia outlines several reasons for HSBC's strength in the sub-custody area: Clients praise the bank for its sound local market advice and its ability to lobby regulators and market participants for the benefit of foreign custodians and institutional investors.

HSBC reclaimed FinanceAsia's Best Foreign Exchange House Award in the 2002 survey. A poll of Treasury officials around the region was conducted, with half of the respondents nominating HSBC as their foreign exchange bank of the first choice.

HSBC was again named Best Cash Manager Asia by Treasury Management International (TMI), for the fourth year running. The Bank was also awarded Best Local Currency Services in Cash Management from The Asset.

News | Business | Features | Editorial | Security
Politics | World | Letters | Sports | Obituaries |

Produced by Lake House
Copyright 2001 The Associated Newspapers of Ceylon Ltd.
Comments and suggestions to :Web Manager