Delivery of $5 billion fund supporting businesses globally

HSBC has created a $5 billion global fund for small and medium-sized businesses (SMEs), with the aim of insuring their access to appropriate credit during the current financial and economic crisis. 

The fund will be funding businesses in their cash flow needs and support businesses that are involved or plan to be involved in international trade. Allocation of the fund will be implemented on a case-by-case basis. 

The fund will be funded from HSBC’s own resources. 

Michael Geoghegan, HSBC’s Group CEO, highlighted, that at this difficult time, when customers are expecting banks to help them, “HSBC is using its financial strength to help our small business customers around the world by delivering this new $5 billion fund. SMEs are the lifeblood of most economies and it is their success that will create economic growth." 

HSBC operates in 65 countries around the world and employs more than 8,000 specialist business bankers serving almost three million business customers.