KUALA LUMPUR, 1 October 2019 – HSBC Malaysia has been named the ‘Best International Bank’ at the 2019 Asiamoney Best Bank Awards for Malaysia.
This is the first time that HSBC Malaysia has been awarded this accolade and acknowledges the achievements of the bank in network, business capabilities and business expansion.
Reflecting on the accolade, Stuart Milne, Chief Executive Officer, HSBC Malaysia said, “This award is a testimony to our capabilities as an international bank. We have consistently endeavoured to invest in and fortify our capabilities across corporate and retail banking.”
In its award commentary Asiamoney commented “Under Chief Executive Stuart Milne’s aegis, HSBC was the leading foreign bookrunner in ringgit bonds and sukuk in the year to May 2019, handling 20 issues worth a total of RM2.46 billion: that gives it a 41% market share, well ahead of its nearest foreign rival.
Between the traditional bank and HSBC’s Amanah Islamic banking division, HSBC now boasts the widest network of any foreign bank in Malaysia, with 68 branches nationwide. Profit for HSBC’s most recently reported quarter, to March 31, 2019, was 2.1% higher at RM396 million.”