HSBC Malta given Global Finance award

Leading US publication Global Finance has named HSBC Bank Malta best bank in Malta category in its Best Emerging Market Banks 2009 awards. Judged by the Global Finance magazine editors, industry analysts, corporate executives and banking consultants,...

Leading US publication Global Finance has named HSBC Bank Malta best bank in Malta category in its Best Emerging Market Banks 2009 awards.

Judged by the Global Finance magazine editors, industry analysts, corporate executives and banking consultants, this award is based on a mix of objective and subjective criteria including business growth, profitability, customer service, pricing and product innovation.

HSBC Bank Malta's chief executive officer Alan Richards was delighted: "The award recognises HSBC Malta's strong all-round performance in 2008. I am particularly pleased for the talented team we have in Malta - market conditions have been very challenging, and the team has done a great job given the circumstances."

Global Finance is celebrating its 22nd year. This is the 16th year it has selected top banking performers in emerging markets. The magazine has 50,000 subscribers and more than 180,000 readers in over 158 countries which include some 8,000 portfolio investors who between them control more than 80 per cent of all assets under professional management.

"We are in an unusually challenging environment for banks and their customers," Joseph D. Giarraputo, president and publisher of Global Finance, said. "More than ever, customers are demanding superior competence from their banking partners. Winners of these awards, such as HSBC Bank Malta, are the banks, best at providing that competence."

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