International banks like HSBC play a crucial role in supporting Penang’s growth, says Chief Minister Chow Kon Yeow.

Speaking at the HSBC Malaysia Anniversary Dinner to commemorate its 140th anniversary this year, Chow highlighted the bank’s significant contribution to the state’s development.

The event was held at the Penang Marriott Hotel in Gurney Drive.

He further mentioned the importance of HSBC in fostering trade and investment between Penang and the global market.

“At the same time, HSBC is catalysing strategic investments that support the progression of key industries and address the financial needs of consumers while also helping them to manage, protect and grow their wealth.

“Thus, we truly appreciate long-standing investors such as HSBC for their role in facilitating the state’s economic growth, and transformation. This is very much valued,” said Chow in his speech.

Chow also congratulated HSBC Malaysia on its 140th anniversary in the country.

“I would like to extend my warmest congratulations to HSBC for reaching this auspicious milestone.

“We especially take pride in the fact that Penang is HSBC’s birthplace in Malaysia.

“Since establishing its first office in the country here in Penang in 1884 in Beach Street, the bank has had significant success and has made numerous contributions to support the state and the country’s development and its people.

“Thus, we look forward to continuing to work with you to elevate Penang’s economy to greater heights,” said Chow.

Meanwhile, HSBC Malaysia Group manager and chief executive officer Datuk Omar Siddiq said HSBC, with its unparalleled international network, will always play a crucial role in bringing Malaysia to the wider world and the wider world to Malaysia.

“We are also keen to continue to support Penang in attracting investment for key industries to continue to help where we can.

“This also includes supporting numerous businesses in the state, ranging from multinational corporations to small and medium enterprises as well as individual clients,” said Omar.

Source: Buletin Mutiara