HSBC sees 40% rise as Irish firms develop markets outside EU

BANKING giant HSBC, which employs 700 people in Ireland, said its corporate banking business here had a good year in 2007 with revenues up 40%.

The bank said the growth in revenues came as more Irish companies sought banking services in developing markets outside the EU.

The bank said it established a private banking business here to meet the demand from high net worth individuals for wealth management services.