The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Western Europe’s best bank for SMEs 2021: HSBC

HSBC, with big operations in the UK and France as well as a presence on the ground in 20 markets across Europe, wins the award for the region’s best bank for small and medium-sized enterprises this year, against strong challenges from UniCredit and Santander.

In March 2021, HSBC launched a record £15 billion loan fund to finance recovery for UK businesses. Peter McIntyre, head of small business banking at HSBC UK, says: “We were quick to react to the introduction of the government loan schemes to support businesses, lending more than £15 billion and granting 18,000 capital repayment holidays to our customers when they needed it most. We worked hard to be accessible, opening over 71,000 accounts for non-customers, enabling access to the Bounce Back Loan scheme.”

That was unusual. Most banks struggled to cope with requests from existing customers and lacked capacity to onboard new ones.

Peter McIntyre

Fintechs are renowned for their agility but HSBC’s people, inspired by chief executive Noel Quinn, showed their adaptability.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree