By Crystal Hsu / Staff reporter
HSBC Holdings PLC is deepening its commitment to Taiwan as the economy emerges as one of the bank’s fastest-growing markets globally, driven by an artificial intelligence (AI) investment boom, expanding cross-border trade, and rising wealth creation.“The advantage that Taiwan has is a growth story linked to the semiconductor and broader AI industries, strong underlying corporate performance, and wealth creation,” said Surendra Rosha, HSBC’s co-chief executive for Asia and the Middle East, in an exclusive interview with the Taipei Times on June 2, during this year’s HSBC Taiwan Conference.That combination has helped HSBC cement its position as the most profitable international bank in Taiwan while opening new opportunities across corporate banking, wealth management and capital markets.
Surendra Rosha, HSBC Holdings PLC’s co-chief executive for Asia and the Middle East, is pictured in an undated photograph.
Photo courtesy of HSBC Bank (Taiwan) Ltd
HSBC’s Taiwan subsidiary and Taipei Branch reported a combined pre-tax profit of about NT$4 billion (US$127.1 million) in the first quarter, maintaining its lead among foreign banks operating in the market, based on statistics provided by the Banking Bureau.HSBC has led every year since 2022, underscoring the scale of its franchise despite intense competition from domestic lenders and global rivals.
