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HSBC WINS AWARDS FOR BEST NEW PRODUCT AND BEST WEBSITE

21 May 2003

HSBC has won two awards at the prestigious 2003 Australian Banking & Finance Magazine Awards. For the second consecutive year HSBC has taken out the Best New Product category and this year also picked up Best Website.

HSBC's International Cash Management Account was voted Best New Product, building upon the success of its award-winning DocumentExpress in 2002.

Mr Stuart Davis, CEO of HSBC, said: "Gaining recognition for offering the Best New Product for the second year running shows our commitment to developing innovative financial solutions our customers want. Our International Cash Management Account offers a high interest rate of 4.60% p.a., provides easy monitoring of global account information and a simple payment and transfer facility to beneficiaries all over the world.

"Our website is an important customer contact and transaction channel. It offers a wealth of information for both our new and existing personal and corporate banking customers. The efficient, informative and user-friendly manner all of our visitors are welcomed online reflects the personal level of service received when you walk into any of our branches."

Both awards were voted upon by readers of Australian Banking & Finance magazine.

Notes to editors
1. HSBC in Australia and New Zealand
In Australia, the HSBC Group offers an extensive range of financial services through a network of 35 branches and offices. These services include personal and commercial financial services, trade finance, non-advisory stockbroking, treasury and financial markets, funds management, investment advisory and securities custody.

Principal HSBC Group members operating in Australia include HSBC Bank Australia Limited, HSBC Asset Management (Australia) Limited, HSBC Precious Metals (Australia) Limited, HSBC Stockbroking (Australia) Pty Ltd and HSBC Bank plc. HSBC is marketed worldwide as 'the world's local bank'.