HSBC provides $1 billion to support Canadian small and medium size businesses seeking international growth

HSBC provides $1 billion to support Canadian small and medium size businesses 
seeking international growth 
** Funding available to qualifying new and existing customers with 
international business requirements** 
VANCOUVER, July 17, 2013 /CNW/ - HSBC Bank Canada today announced that it has 
earmarked $1 billion over the next 18 months to support Canadian small and 
medium size businesses (SMEs) seeking international growth. This funding is 
available to qualifying new and current HSBC customers with annual revenue of 
$3 million to $250 million and interest in cross border trading or global 
Canada enjoys strong, historic trade ties with the United States, yet HSBC 
research shows that greater global economic growth is taking place in emerging 
markets and that Canadian companies are starting to look to new trade routes. 
HSBC's February 2013 Global Connections Trade Forecast report revealed that, 
while the top three markets for Canadian exports are the USA, the UK, and 
China, the fastest growing corridors of Canada's export growth by 2030 will be 
Asia and the Middle East. In addition, exports to the Eurozone and Latin 
America are projected to grow by at least 10 per cent over the same period. 
Linda Seymour, Executive Vice President, Head of Commercial Banking, HSBC Bank 
Canada said: "Statistics show that Canadian companies who do business 
internationally tend to grow faster over the longer term than companies 
focused solely on domestic activity. Throughout its history, HSBC has been 
connecting customers to opportunities, enabling business to thrive and 
economies to prosper, and this initiative builds on that tradition." 
HSBC Bank Canada
HSBC Bank Canada, a subsidiary of HSBC Holdings plc, is the leading 
international bank in Canada. With around 6,600 offices in over 80 countries 
and territories and assets of US$2,681bn at 31 March 2013, the HSBC Group is 
one of the world's largest banking and financial services organizations. 
HSBC Commercial Banking
For nearly 150 years we have been where the growth is, connecting customers to 
opportunities. Today, HSBC Commercial Banking serves businesses ranging from 
small enterprises to large multinationals in over 60 developed and 
faster-growing markets around the world. Whether it is working capital, trade 
finance or payments and cash management solutions, we provide the tools and 
expertise that businesses need to thrive. With a network covering three 
quarters of global commerce, we make HSBC the world's leading international 
trade and business bank. 
Media enquiries: Fabrice de Dongo Senior Media Relations Manager HSBC Bank 
Canada (416) 868-8282 
Aurora Bonin Senior Media Relations Manager HSBC Bank Canada (604) 641-1905 
SOURCE: HSBC Bank Canada 
To view this news release in HTML formatting, please use the following URL: 
CO: HSBC Bank Canada
ST: British Columbia
-0- Jul/17/2013 12:00 GMT
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