The partner you can trust | HSBC Singapore

The world's local bank

The partner you can trust

HSBC's performance in the first half of 2009 shows that we continue to deliver profit, remain financially strong and well-positioned for the future, despite the uncertain and challenging economic environment.

Consistently delivering results in challenging times

•	HSBC Group's pre-tax profit was US$5 billion, US$6 billion higher than the second half of 2008.
•	Dividends in respect of the first half of 2009 are US$0.16 per ordinary share, with a total value of US$2.8 billion.

Generating capital and further enhancing liquidity

•	The tier one and total capital ratios for the Group remain strong at 10.1 per cent and 13.4 per cent respectively, as at 30 June 2009.
•	We strengthened our liquidity position - ratio of customer advances-to-deposits is 79.5 per cent as at 30 June 2009.

Managing the business through the downturn and positioning for the upturn

•	We achieved record profits in Global Banking and Markets, delivered solid profitability in Commercial Banking and maintained a profitable Personal Financial Services business, outside North America.
•	HSBC is the leading international bank in mainland China, and we are on track to have 100 branches by year-end.
•	We strengthened our position in other faster-growing markets. We doubled our presence in Indonesia, and we are the first foreign bank to incorporate locally in Vietnam.
•	The HSBC brand remains strong and is ranked the world's number one banking brand by Brand Finance. HSBC is also Euromoney's Global Bank of the Year in 2009.
•	With 100 million customers worldwide, 8,500 offices in 86 countries and territories, and assets of US$2,422 billion as at 30 June 2009, the HSBC Group is one of the world's largest banking and financial services organisations.

HSBC in Singapore

•	HSBC in Singapore continues to be profitable in the challenging economic climate.
•	Our HSBC Premier Banking Service continues to grow from strength to strength, and is the first in the market to offer customers free instant transfers among self-named accounts around the world.
•	Our home loans business grew significantly on the back of our approach of rewarding home loan customers for their loyalty. We also received the award for having the Best Customer Loyalty Programme at The Asian Banker Excellence in Retail Financial Services in 2009.
•	Our Personal Internet Banking service won the Best Consumer Internet Bank Award in Singapore from Global Finance in 2009.
•	The HSBC Group's global credit rating is AA-* - one of the highest amongst the global banks in Singapore.
•	The Bank continues to invest in developing its business in Singapore.

*The rating by Standard & Poor’s is as of 4 August 2009.