HSBC stands a resilient ‘Numero Uno’ on the Global Banking 500 list, 2009, for the second year consecutively.

The latest Global Banking 500 list points to the magnitude of the present turmoil across global financial markets. There has been a steep drop in the Top 500's overall brand value by a whopping $ 218.1-billion (down 32% from 2007) and $3.9 trillion (down 51%) shaved from their market capitalisation during 2008!

As many as 209 brands present in 2007 league table have dropped out of the new list.

HSBC has determinedly held on to its peak position through the past year and has emerged victorious, topping this year’s list of the 500 best financial institutions across the world. We have stood the test of time even in the current tumultuous situation the world over, and have proved that we are unwavering in our performance par excellence as a global financial organization.

6 February 2009