HSBC Topping List Of Best World Banks


July 28

HSBC has jumped from third to first place in the latest annual Banker
magazine survey of the world’s top one thousand banks (Top 10001),
press office of the bank reports.

"HSBC is the first non-U.S. company to lead the survey since 1999
and tops the rankings by virtue of its Tier 1 capital and profit
before tax,

which last year reached a new high", the press report says.

The survey found that US banks now account for just 14 per cent of
aggregate Top 1000 pretax profits, down from 24 per cent last year,
while Asian banks rose to 19 per cent from 12 per cent. European bank
profits remained flat at 41 per cent of the total.

The press release also says that in April, HSBC also topped the Forbes
2000 list of world’s largest companies – the first non-U.S. company
to do so, having reached 26 percent growth in annual revenue and 31
per cent in net income over the past five years.

HSBC Holdings plc serves 128 million clients in 84 countries in Europe,
Asia, Pacific, Americas and the Middle East through its 10 000 offices.

HSBC, with its assets totaling $2.354 billion is the world biggest
organization providing banking and financial services.

HSBC Holdings plc serves over 128 million customers worldwide through
around 10,000 offices in 83 countries and territories in Europe, the
Asia-Pacific region, the Americas, the Middle East and Africa. With
assets=2 0of some US$2,354 billion at 31 December 2007, HSBC is one of
the world’s largest banking and financial services organizations. HSBC
is marketed worldwide as ‘the world’s local bank’. M.V.