HSBC takes responsible lender accolade

| June 9, 2009 | 0 Comments
HSBC takes responsible lender accolade

HSBC this week secured the title of Responsible Lender of the Year at the Credit Today awards 2009.

The commercial and consumer lending magazine applauded HSBC for its conscientious attitude towards lending.

Joe Garner of HSBC UK said the bank is “proud” to be recognised for its “approach to responsible lending”.

“To us, responsible lending is about knowing your customers so we make informed lending decisions, and ensuring we provide support if things do go wrong,” Garner said.

He added that HSBC’s “conservative” and “prudent” approach to lending has been key to its survival through the credit crunch.

HSBC yesterday cut the in-credit interest rate on its Bank Account Plus current account to 0%.

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