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. © 2021 Euromoney, a part of the Euromoney Institutional Investor PLC.

Awards for Excellence 2014: Best emerging markets bank

HSBC has cemented its position as central to financial systems across emerging markets.

Best emerging markets bank:


Also shortlisted:

View more 2014 awards

How do you compete with a bank like HSBC? With a balanced global business model, providing some hedge against market volatilities, HSBC, like Citi, is tightly chained to the emerging market growth cycle.

While revenue growth at the group level might not be reaching the levels some shareholders expect for an institution that captures 85% of global trade flows, the global lender has made concerted steps to become the proverbial nimble elephant.

In recent years, HSBC has streamlined its multi-product international network, centred on locally capitalized business units, by exiting retail operations in some low margin markets, identifying growth markets, including China, India, Singapore, Brazil and Mexico, and allocating greater resources to FX and equities, in particular.

Key to the streamlining in recent years has been the strengthening of collaboration between global businesses, in particular, cross-sales from the global banking and markets (GMB) division to commercial banking (CMB), which grew 11% in 2013, principally driven by FX products. HSBC says greater collaboration between businesses has garnered $1.3

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