Exporting for Success

With new research* showing that the UK economic recovery depends on increasing exports, HSBC Commercial Banking is prompting businesses looking for overseas growth to contact its growing number of relationship managers dedicated to international business. 

Noel Quinn, HSBC head of commercial banking UK, said: “Our experience tells us that many businesses are looking at opportunities for growth through international markets and we are well placed to help these companies.  Our international business has grown year-on-year, in particular in the form of trade finance.  The amount of money we are lending on imports and exports now, compared to a year ago, is up 30 per cent. We’re keen, and well positioned, to help quality businesses get ahead when it comes to international trade and would urge UK businesses looking to make the next step to come and talk to us.”

The latest quarterly report from the Ernst & Young Item Club* economic forecasting group argues that UK economic recovery depends on increasing exports, not debt-led consumer spending.  HSBC Commercial Banking is already helping UK business customers exploit opportunities to sell goods in emerging markets, such as China and India, and around the world.

In 2009, HSBC appointed a new team of corporate global relationship managers (GRMs) to allow customers to conduct business across borders, jurisdictions and language barriers with greater ease, and manage their cash more effectively.  HSBC is also building a team of new International Commercial Managers  across the UK to best serve its international customers.

* Ernst & Young Item Club research, issued January 18 2010