HSBC bullish on Philippine economy

  • 📰 PhilstarNews
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 94%

Hsbc News

Business Business Latest News,Business Business Headlines

British banking giant HSBC is targeting to boost its financial services, onboard more affluent clients into its wealth management business and increase its lending capabilities in the country as it sees huge opportunities for the Philippines in the coming years.

In a roundtable discussion with reporters, HSBC head of wealth and personal banking of South Asia Kai Zhang said 2024 would be a strong year for the bank.MANILA, Philippines —

HSBC is also planning to accelerate its wealth management capabilities by bringing in new product sets and tools in the market as well as streamlining sale processes. “There is just a lot of opportunity that’s untapped and I think we’re going to work with our global platform team and bring more capabilities into the Philippines,” she said. “As a 150-year-old bank, play a very important role to meet the growing financial needs of the population here.”

“This region really is attracting a lot of investment both from Asia and also from around the world. And of course, from the people’s side, we have India and the Philippines as two of the largest international diasporas in the world,” she said. “Clearly, we see a huge opportunity on the retail fronts as you would have seen from some of the investments we made recently into our branches, into the network, and I’m sure there will be more developments over the year or so,” he said.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

HSBC eyes business expansion in PHFinancial firm HSBC is eyeing to expand its business interests in the Philippines.
Source: gmanews - 🏆 11. / 68 Read more »