Bangkok--Dec 23--HSBC
HSBC has been named the Best Bank in Thailand by The Asset magazine in its Triple A Country Awards 2005 for the third year in a row. The bank has also won Global Bank of the Year from The Banker’s annual ranking.
HSBC is voted as the Triple A Best Bank in Thailand. It has maintained its leadership position in corporate and institutional banking, and continues to achieve significant growth momentum with landmark transaction.
The bank has won a mandate to jointly lead manage the first ever government securitization transaction, which will raise an estimated US$600 million to help finance the construction of a 24 billion bath (US$585 million) government building complex in Bangkok. It worked with local insurance companies in successfully selling the first ever long tenor — 20 years- structured interest rate investments, the interest rate investments, the first of its kind in the Thai market.
HSBC adopts a client-driven approach to global payments and cash management, and is one of the largest senders of Automated Clearing House transactions in Thailand. It has secured several new cash management mandates covering large corporations, non-bank financial institutional, multinationals and top tier local companies. It has increased its market share in trade services by banking on its trade expertise in advisory and service delivery and extensive global coverage.
The Banker collected data from 138 countries to rate world’s top financial institutions on their overall achievements. HSBC has won the Global Bank of the Year award for the fourth year running as it has continued to produce record profits, successfully integrate new business and expand its network with strong presence in growing emerging markets worldwide.
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Notes to editors:
1. HSBC in Thailand
HSBC was established as the first commercial bank in Thailand in 1888. With access to global expertise and enriched local knowledge, HSBC in Thailand provides a full range of financial services including corporate and institutional banking, global markets, securities services, trade finance, payment and cash management services to corporate customers; personal financial services and credit cards to a growing retail customer base in Thailand. HSBC is globally recognised for its high service standards, ethical practices and full commitment to corporate social responsibilities to benefit the local economy.
2. 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 over 9,700 offices in 77 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$1,467 billion at 30 June 2005. The Hongkong and Shanghai Banking Corporation Limited (HSBC) is the founding and principal member of the HSBC Group.
Media enquiries to Seenual Reugsirinukul or Savittree Muadmuang on
0-2614-4606,
0-2614-4687. End.