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Foster a strong and sturdy professional association which has grown in number and which has improved in the quality of its membership, all knowledgeable, competent and effective in the art of credit management and contributing to the financial stability of its member-companies and also to national economic recovery, growth, and progress, thus.
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HSBC
The HSBC Group is represented in the Philippines through The Hongkong and Shanghai Banking Corporation Limited; and its subsidiary, the locally-incorporated HSBC Savings Bank (Philippines) Inc. HSBC opened its first branch in the Philippines in Binondo in November 1875. In 1883, a second branch was opened in Iloilo to serve the growing sugar industry. In 1971, the branch in Binondo was moved to Makati City. Ten years later, in 1981, the Iloilo branch was closed and a new branch in Ortigas Center, Pasig City, was opened.
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