Thursday, 20 June 2024

Best SME Bank in Hong Kong – HSBC

5 min read

By The Asian Banker

In 2022, the winning bank rolled out a new in-app mobile solution for small and medium enterprises (SMEs) in Hong Kong, enabling business owners to open a bank account without having to visit any branches or submitting any physical documents and signatures. In the first quarter of 2022, the bank’s mobile app already saw more than 40% year-on-year (YoY) growth in both downloads and monthly log-ins. In 2021, the winning bank maintained its largest SME loan book in Hong Kong with market share further increased to over 27%. It has expanded its SME customer base with services that promote economic development and connect businesses to opportunities in the Greater Bay Area (GBA). The bank has earmarked over $1.8 billion in facilities through the debt financing schemes, namely GBA+ Technology and GBA+ Healthcare Fund, to help entrepreneurs in the technology and healthcare sectors to capture new opportunities in the region.

The Best SME Bank in Hong Kong goes to HSBC.

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