HSBC named Malta’s Bank of the Year for 2017 for second year running

HSBC Malta was named Bank of the Year in Malta for 2017 by the Financial Times publication ‘The Banker,’ for the second year in a row.

The award recognized the bank for “making significant progress to position its business to succeed in a changed operating environment for banks,” said HSBC.

HSBC also received the Bracken Award, which recognizes various aspects of banks’ achievements such as earnings, capital growth and return on equity, as well as the setting of new standards and the adoption of new technologies.

Brendan Bracken, whom the award is named after, was the founding editor of The Banker in 1927 and later the chairman of the Financial Times, from 1945 to 1958.

The award was collected by chairman of HSBC Sonny Portelli and CEO Andrew Beane, as well as a group of staff members at the award ceremony in London.

Beane congratulated his colleagues for all their hard work acknowledged that in today’s world, “profitability must be supported by an increased level of copmpliance and risk” standards. Though implementing such standards can be challenging, “I am proud that our achievements in this and other areas have been recognized as leading the industry in Malta. I am grateful to our customers and shareholders for their support, and trust that this award gives them confidence in banking with and investing in HSBC Malta.”