Another Feather in its cap, as HSBC annexes “Best Foreign and Internet Bank” at International Finance Magazine, Financial Awards – Sri Lanka 2013.
July 05, 2013: The U.K. Banking giant has been awarded the Best Internet Bank and Best Foreign Bank awards for its technological innovations, which include secured online services to manage investments and keep track of the cash flows, which in turn boosts efficiency and gives flexibility to carry out to do business from any part of the world. The Canary Wharf based bank, which is also Europe’s biggest bank with an asset size of more than 2 Trillion Euros, has also won the Best Foreign Bank 2013 for its ability to provide a wide range of international services such as international account opening and also corporate sustainability programs to help certain sections of the society.
The island nation has an economy of $ 64 billion (as per IMF estimate) has had good growth rates and its GDP is ahead of other South Asian Nations. Following the resounding victory of the government forces in 2009 war against LTTE, the government has adopted many populous schemes to increase growth rates and provide employment to the people. The Central Bank of Sri Lanka has supervisory powers to govern the financial system of the nation.
Apart from recognizing key performers of the industry, International Finance Magazine (http://www.internationalfinancemagazine.com ) the Award makes a synergetic effort to shine the spotlight on organizations in niche segments and those exhibiting brilliance in the unsung corners of finance industry. The award winners will be honored in the vibrant and mesmerizing city of Dubai in December, later this year. The recipients of the awards have to qualify on stringent parameters which not only includes their size and performance but also their contributions to the society through CSR initiatives, which is a key aspect to gauge an institution’s performance.
U.K. Banking major and Europe’s biggest bank in terms of asset allocation, HSBC has bagged two coveted awards for the Best Internet Bank and Best Foreign Bank, for its various technological services which help businesses to carry on their activities irrespective of their locations and also their contributions in the corporate sustainability to revive ailing sectors by assisting them through different community help initiatives.
International Finance Magazine has also honored Mr. Russell De Mel, CEO of National Development Bank for his contributions to the bank over the past 30 years, the veteran of Sri Lankan banking, who is due to retire in August this year, has immense experience in banking particularly in merchant banking, infrastructure financing, management information and other areas of banking, as an honor to his services he has been awarded for Outstanding Contribution to Banking for 2013.
The full list of financial award winners 2013 –Sri Lanka include the following
Best Commercial Bank
National Development Bank PLC
Best Specialized (Savings) Bank
National Savings Bank
Best Investment Bank
NDB Investment Bank Limited
Best Internet Bank
HSBC Sri Lanka
Best Foreign Bank
HSBC Sri Lanka
Best Insurance Company
Sri Lanka Insurance Corporation
Best Islamic Financial Services Provider
Amana Takaful PLC
Outstanding Contribution to Banking
Russell De Mel – CEO National Development Bank PLC
International Finance Magazine (IFM), an online finance magazine, aims to be a source of information, analysis and insights for the global finance community. Popular in more than 140 countries worldwide, IFM reaches out to the masses globally. With a discerning focus on emerging markets, people, IFM provides news analysis and commentary on this sphere of vibrant economic activity. Headquartered in London, International Finance Magazine was established with a mission to convey credible financial news and articles to the global financial community in a concise, simple and easy-to-understand manner. Integrating deep domain knowledge with sharp analysis, IFM is an online resource that helps readers understand the forces that drive the market. Timely, in-depth and insightful coverage of key market developments and analysis of the drivers behind change help readers understand the complicated economic processes taking place in the International financial community.
Headquartered in London, International Finance Magazine was established with a mission to convey credible financial news and articles to the global financial community in a concise, simple and easy-to-understand manner. Integrating deep domain knowledge with sharp analysis, IFM is an online resource that helps readers understands the forces that drive the market. Timely, in-depth and insightful coverage of key market developments and analysis of the drivers behind change help readers understand the complicated economic processes taking place in the International financial community.