FE Best Bank Awards: A toast to the best and the brightest banks
Stuart a davis,
Former Chief Executive Officer, HSBC
After a rough patch in 2008 and 2009, HSBC bounced back reworking its retail loan strategy such that it was less dependent on open sources and focussed more on its customers. The bank has rebuilt its retail loan portfolio in the last couple of years, especially the mortgages piece, while exploring tie-ups to grow the credit card portfolio. HSBC believes the current model will help it grow the business at a more sustainable pace, while it explores inorganic options. It is also leveraging its strengths in the loan syndication and foreign exchange businesses to grow the corporate loan portfolio.
PUBLIC SECTOR BANK
CMD, Corporation Bank
Mangalore-headquartered Corporation Bank has been growing its loan book by about 25% in each of the last three years but has still reported stable operating margins.
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