Best Bank

July 13, 2009 (LBO) – HSBC said it had been named the ‘Best Global Bank, by Euromoney magazine, in its 2009 awards. It also won the Best Global Debt House and Best Global Transaction Banking House, awards.

Michael Geoghegan, group chief executive of HSBC said in a statement that winning award during the turmoil was not a chance event, but it had been achieved by “sticking firmly to business and banking fundamentals.”

“Conservativism, strong capital management and responsible practice have certainly
been the core of HSBC since we were founded in 1865,” he said.

Euromoney<.i> awards are based on performance, quality service and innovation.

“After a period in which banks suffered for putting too many eggs into too few baskets, one of the things that stands out at HSBC is the diversity of its business,” the statement quoted Clive Horwood, editor of Euromoney as saying.

“It is a truly global bank.”