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AmEx and HSBC Top Foreign Banks in FY25 Card Additions

13 May 20251 min read
BANKING & FINANCEAmEx and HSBCTop Foreign Banksin FY25 CardAdditions13 May 2025safalsetu.com

Why in the news

Two foreign lenders beat the slowing trend in card growth.

American Express

  • Global payments firm known for credit and charge cards, payment processing and travel benefits.
  • Headquartered in New York; active in over 200 countries and territories, serving individuals, businesses and corporations.

HSBC

  • Formally The Hongkong and Shanghai Banking Corporation Limited.
  • Founded to ease Europe-Asia trade; today serves individuals, corporations and governments in 58 countries and territories.

Exam angle

  • AmEx base: New York.
  • Industry additions: 8 million+.

Test yourself

1. Which two foreign banks led in net credit card additions in FY25?

The notes name American Express and HSBC as the top performers.

2. Where is American Express headquartered?

AmEx is headquartered in New York.

3. HSBC, as per the notes, was founded in which year?

HSBC was founded in 1865 to facilitate trade between Europe and Asia.

This topic is part of Daily Current Affairs 13 May 2025 (13 topics).

All topics of the dayDay quizMay 2025

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