Bangkok--Dec 9--HSBC
HSBC in Thailand has been named “Best Bank” by The Asset magazine in its annual recognition of the best banks in Asia. This is the second consecutive year that the Asset has awarded this honour to HSBC in Thailand for excellence in corporate and investment banking.
The Asset Triple A Country Awards is conducted annually in recognition of performance excellence in the financial service industry over the past 12 months. The results of the awards are published in the latest issue of the magazine.
Mr. David Kenney, Chief Executive Officer of HSBC in Thailand, said “we are delighted to receive this award as it is a strong endorsement of our consistent performance and commitment to delivering value to our customers. The rising number of entries by more than 50% also reflects the fiercer competition among both international and domestic banks, from which we are honoured to win this prestigious awards for the second year running.”
The factors taken into consideration for the Triple A Country Awards are HSBC’s achievements in both corporate and investment banking. Scores and ranks are based on categories including financial performance, size of operation, spread of business, investment banking performance, corporate and transaction banking performance, contribution to the domestic markets and client testimonials.
The Asset Triple A Country Awards are based on both quantitative and qualitative factors that contributes to a point-score called “The Asset Scoring Quotient (TASQ). Whenever possible, TASQ is further supplemented by conducting follow-up interviews and participation in presentations by financial institutions and their clients.
Other countries where HSBC also won “Best Bank” award include China, Hong Kong and Malaysia.
Notes to editors:
1. HSBC Holdings plc. or the HSBC Group
Headquartered in London, the HSBC Group is one of the largest banking and financial services organisations in the world. The Group’s international network comprises about 10,000 offices in 76 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa, serves over 110 million customers and has assets of US$ 1,154 billion at 30 June 2004. The Hongkong and Shanghai Banking Corporation Limited is the founding and principal member of the HSBC Group.
2. HSBC in Thailand
Established as the first bank in Thailand in 1888, HSBC in Thailand now has a full branch in Bangkok with a total of 713 staff providing a full range of corporate and institutional banking, global markets, securities services, trade, payment and cash management services to corporate customers; personal financial services and credit card issuance to a growing retail customer base in Thailand.
Media enquiries to Onticha Rattanawannathip on 0-2614-4605/9. End.