15 July 2019

Welcome to the Philippines

HSBC and the Philippines have enjoyed a mutually rewarding partnership since 1875 - just a decade after the bank was established in Hong Kong and Shanghai.

Our continuing presence and investment in the Philippines is rooted in our shared history.

Robust economic growth has helped the Philippines continue as Asia’s rising star and it forms a key component of the Group’s ASEAN footprint and strategy. The ASEAN markets are among the fastest-growing globally and connect to some of the world’s key trade corridors. The Philippines ranks as the third-largest economy in ASEAN based on GDP, after Indonesia and Thailand.

The three major credit rating agencies, Standard & Poor’s, Fitch and Moody’s, recently maintained the country’s 2017 ratings, which reaffirmed the Philippines’ sound macroeconomic foundations and its strong external position.

The Big Three credit rating agencies, Standard & Poor’s, Fitch and Moody’s, reaffirmed the Philippines’ sound macroeconomic foundations and its strong external position maintaining the country’s 2017 ratings.

2018 Apr Standard and Poor’s BBB Stable
2018 Jul Moody’s BAA2 Stable
2018 Dec Fitch BBB

 

Our start in the country concerned financing the sugar trade and the relationship has flourished since then. We have shared some difficult times and enjoyed some sweet success, but overall we have thrived together through a sound knowledge of each other’s capabilities and a commitment to bringing out the best for all.

That is what partnership is all about ̶ making the effort to learn about each other and provide the way for both to succeed. We look forward to many more years of partnering with the Philippines.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.

You are leaving the HSBC Commercial Banking website.

Please be aware that the external site policies will differ from our website terms and conditions and privacy policy. The next site will open in a new browser window or tab.