Our ASEAN offering

At HSBC, our knowledge goes beyond just understanding individual ASEAN markets, but understanding how to navigate the dynamics and connections between them. HSBC’s strong foundation of connected knowledge with an innovative solution provides a seamless banking experience for our customers. Our offering aims to help international companies capture the growth across ASEAN.

Open new opportunities across ASEAN

Find out more on how we can support your business growth in ASEAN.

Our ASEAN heritage & experience

As the world’s number one trade bank1, and with over 130 years of presence in ASEAN, HSBC is well established to support your business growth and enable you to tap into new opportunities. Our teams on the ground and unrivalled global network are able to provide an in-depth understanding of market dynamics paired with our bespoke solutions to ease your market access into ASEAN and beyond.

HSBC in Philippines

  • HSBC is a universal bank that offers local corporates, multinationals and international subsidiaries, financial institutions and public sector clients best-in-class services, financial security and international connectivity
  • Operating in the Philippines since 1875 with 8-strong branch network located in Metro Manila and the regional cities of Cebu and Davao.
  • HSBC Philippines commands a solid market position, with its combination of local market knowledge and global expertise

Key facts and figures

  • Date of establishment: 1875

  • Presence: 8 Branches and Global Service Center

    The Philippine government is investing in the “Build Build Build” program. Under this program, the country is investing USD200 billion in rebuilding its infrastructure across the entire country encompassing power generation plants, dams, roads, airports which will help bring down the costs of production, improve rural incomes, encourage countryside investments, make the movement of goods and people more efficient, and create more jobs. For companies wanting to do business in the Philippines, this is an exciting time to be part of the infrastructure rebuild story.

    Graham FitzGerald | President & CEO, Philippines, HSBC

    Our Experience

    Case Study: Philippines Professional Services Company

    How HSBC Helped in Supporting digital initiatives in the Philippines by migrating a major professional services company’s employee payments to Pesonet

    Case Study: Pioneering treasury operations in Thailand

    When the world's biggest canned tuna producer wanted to streamline liquidity flows and cut funding costs to support a global expansion from its home base in Thailand through Europe and the United States, HSBC was there to help.

    Client need

    Streamline management of fund flows across continents and between time zones to improve working capital efficiency.

    How HSBC delivered

    HSBC's innovative solution created Thailand's first cross-border sweeping arrangement. The initiative, which involved securing a license from the Bank of Thailand to run the operation, gave the client confidence that HSBC had a deep understanding of their global business needs -- and the creativity to devise solutions to meet them,

    Client benefit

    Automated tasks previously done manually and unlocked cash sitting idle in accounts globally to help boost internal funding. The structure was awarded "Best Forecasting Strategy" in the Corporate Treasurer Awards 2015.

    Case Study: Currency cushions for Malaysian rubber maker

    A global expansion that turned a small rubber trader in Malaysia into the world's largest condom maker generating sales in 121 countries created a banking logistics and currency hedging problem that HSBC was perfectly positioned to solve.

    Client need

    A major international expansion created substantial foreign exchange risks across a globally diversified sales and manufacturing network, as well as the need for banking facilities around the world.

    How HSBC delivered

    HSBC's network value was fully leveraged. HSBC delivered account opening and credit facilities in a variety of locations to support the client's international expansion, integrating a clutch of newly acquired corporate assets, as well as implementing a suite of currency risk management solutions including Transactional FX, Algorithmic Execution, FX Indices, FX Overlay and FX Prime.

    Client Benefit

    Volatility smoothed by seamless 24-hour currency risk hedging from HSBC's global foreign exchange centres in London, New York and Hong Kong.

    Our Recognition

    HSBC’s commitment to ASEAN and Asia has been recognised in multiple awards covering Transaction Banking to Innovation to Sustainability.

    • People Asia Magazine Awards, Bank of the Year
    • International Retail Bank of the Year – Asian Banking and Finance Awards 2021
    • Philippines Brand Experience Award of the Year – Banking, Asian Experience Awards
    • Philippines Partner Experience Award of the Year – Banking, Asian Experience Awards
    • Best Trade Finance Bank in the Philippines 2021, Euromoney Trade Finance Survey
    • Best Domestic Cash Management Bank for Corporates 2021, Euromoney Cash Management Survey
    • Top Custody House since 2008, Philippine Dealing System Holdings Corp. & Subsidiaries (PDS Group)
    • Best Fund Administrator (5th year), The Asset
    • Top 4 Best Local Currency Bond Individual for Trading 2021, the Asset

    More on ASEAN

    Find out the latest insights on ASEAN in partnership with Bloomberg

    Now more than ever, companies from all over the world are looking to ASEAN to expand their operations from within the bloc around Asia and globally.

    Interested in expanding your business to ASEAN?

    Need help?

    Get in touch to learn more about our banking solutions and how we can help you drive your business forward.