HSBC to target Australian SME sector

Extract . . .
“Hong Kong-based banking giant HSBC has announced it will begin targeting Australian SMEs with turnover between $1-10 million, with a focus on businesses that do business internationally.

While HSBC has previous concentrated on the middle market ($10 million to $200 million in turnover) and corporate ($200 million plus) segments of the Australian banking sector, the company's local head of commercial banking, Noel McNamara, says the growing global focus of Australian SMEs make the market attractive.”

Link
http://www.smartcompany.com.au/financial-services-and-insurance/20100806-hsbc-to-target-australian-sme-sector.html