2 weeks ago
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By LETIZIA BALANAG
HSBC Philippines CEO and Head of Banking Sandeep Uppal, and MB Business Development Manager Jordan Tan Navigating the challenging and ever-evolving banking industry requires significant effort. A bank’s success depends on its ability to adapt to economic shifts, regulations, and technological advancements. It also requires continuous innovation, customer trust, and strong leadership. A foundation of long-term reliability builds the credibility needed to serve a community truly. This is how an international bank, with over a century of presence in the Philippines, continues to honor its pledge to grow alongside the country and its people.
Starting its journey with its first establishment in Binondo, Manila, HSBC Philippines has become one of the leading international banks in the country. For almost 150 years, HSBC has been a major player in the Philippine banking industry, offering financial services to individuals, businesses, and global corporations. As one of the few international banks that has maintained a steady presence in the country, it has helped drive economic growth, attract foreign investments, and advance digital banking solutions. With ongoing expansions and new technologies, HSBC remains committed to the Philippine market, reinforcing its role as a reliable partner in the country’s economic progress.
HSBC’s thriving journey since 1875 has garnered recognition and accolades, including being consistently recognized as the Trade Finance Market Leader in the Philippines by Euromoney magazine. It has also received awards from the Asian Banking and Finance Retail Banking Awards, such as International Retail Bank of the Year, Marketing and Brand Initiative of the Year, Employer Award of the Year—Bronze, Philippines International Cash Management Bank of the Year, and Philippines International Trade Finance Bank of the Year.
Their journey began 150 years ago in Binondo. Since then, HSBC has remained closely aligned with the development and growth of the Philippines. In the 1880s, the bank supported the sugar industry in Iloilo, which was followed by its role in financing the country’s first railway, the Manila-Dagupan Railway. Recently, HSBC has assisted the government in offshore and onshore fundraising efforts.
Furthermore, driven by its commitment to innovation and staying ahead in the ever-evolving banking industry, HSBC has introduced services such as HSBC Premier and HSBC Wealth. The bank remains dedicated to continuous growth and expansion, ensuring it evolves alongside its customers.
This year, HSBC will celebrate 150 years of legacy and service in the Philippines, marking a significant milestone in its commitment to economic growth and financial development. Coinciding with this momentous occasion, Manila Bulletin is also celebrating a major milestone of its 125th anniversary. In recognition of HSBC’s enduring contributions to the financial sector and its continued impact on the country’s economic landscape, Manila Bulletin has honored the bank as one of its Newsmaker of the Year awardees. This accolade underscores HSBC’s role as a leader in international banking, highlighting its dedication to innovation, sustainability, and excellence in financial services.
HSBC Philippines CEO and Head of Banking Sandeep Uppal delivered his acceptance speech.HSBC Philippines CEO and Head of Banking, Sandeep Uppal, received the award and emphasized the significance of this year in his acceptance speech, as both HSBC and Manila Bulletin celebrate major anniversaries. He highlighted that HSBC's nearly 150-year journey is a testament to the idea that success does not happen overnight. Its enduring legacy results from sustained dedication and hard work, reflecting the bank’s commitment to growing alongside the Philippines and its people.
“I do believe bolder solutions aspire towards nation-building and driving prosperity across the nation. Success is not overnight, and HSBC in the Philippines is a testament to that,” said Sandeep Uppal
HSBC and Manila Bulletin are united by a shared commitment to excellence in serving the Philippines and its people. Their enduring legacies and accomplishments stem from their steadfast dedication to delivering exemplary service.
