HSBC Philippines President and CEO looks back on eventful 2024, looks forward to a better 2025

Sandeep Uppal

President and CEO

HSBC Philippines

2024 was a good busy year for HSBC Philippines as we launched new products, achieved milestones and closed landmark deals, helping us remain focused in serving the needs of our customers as we’ve done so since 1875.

We are so delighted that, through multiple prestigious awards, we have been recognized as the leading full-serviced international bank—being named as Philippines’ Best International Bank and Philippines’ Best Private Bank by Euromoney; Philippines’ International Cash Management Bank of the year, Philippines’ International Trade Finance Bank of the year, and for the fourth year in a row, Philippines’ International Retail Bank of the Year by Asian Banking and Finance, among many recognitions we’ve received.

In addition to our accolades, we continue to support nation building, as our contribution to our home for close to 150 years.

Among a number of initiatives, we signed a memorandum of understanding with the Philippine Export Procession Zone Authority (Peza) to help drive foreign investments in the Philippines and recently, we brought a delegation from Peza to key cities in India to explore opportunities in pharma and IT to benefit PH health-care system and address employment. Additionally, we have been actively supporting ROP in raising funds overseas through bonds and participating in the various Philippine economic briefings across the globe.

This supports our efforts toward nation building as we prosper when Philippines prospers.

We are even more excited for 2025 as we will be celebrating our 150th year in the Philippines, filled with more opportunities for growth and excellence.

We are as optimistic of our growth prospects in the Philippines as we were way back in 1875.

While we will continue to bridge Philippines to the world, we also understand our customers have evolving needs to unlock their potential.

Both in retail and corporate, we will continue to provide digital tools and solutions to support their banking and wealth needs, making it easier for our customers to bank and grow their wealth with us. Having said that, we do understand that our customers’ wish for digital to be complemented by “human touch” and “personalized service” and we thus we will ensure that these go hand in hand.

We remain steadfastly committed to the Philippines and continue to capitalize on our strength as an international bank that has been here for almost 150 years, bridging our customers here and abroad to opportunities across borders, combining an international mindset with local expertise to help them overcome financial challenges.

We look forward to supporting them in their growth and expansion journeys and to provide them with the right banking solutions to capture the opportunities in the region’s fast-growing digital economy.

We want to be known as not only the leading international bank, but also the most respected bank in the country.