Local HSBC unit cited among top gov’t securities dealers

MANILA, Philippines - HSBC Manila has been awarded one of the Top Performing Government Securities Eligible Dealers for 2013, based on rankings provided by the Bureau of Treasury.

HSBC, the top-ranked foreign bank dealer for the second year running, is one of the world’s largest banking and financial services organizations.

The HSBC Group has been doing business in the Philippines for over 137 years. 

The bank currently has a 16-strong total branch network (including nine branches of the locally incorporated HSBC Savings Bank) located in Metro Manila, Cebu and Davao. 

HSBC said the award is a testament to the consistency of its franchise strength and leadership in the Philippine fixed income market

The award is also recognition of the bank’s role in the development of the local capital markets and its continued support of the National Government’s funding program.

HSBC Ltd. is the founding member of the HSBC Group, which serves around 60 million customers through four global businesses: retail banking and wealth management, commercial banking, global banking and markets, and global private banking. 

The HSBC Group’s network covers 6,900 offices in 84 countries and territories in six geographical regions: Europe, Hong Kong, rest of Asia-Pacific, Middle East and North Africa, North America and Latin America.