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Thursday, November 26 - 2009

HSBC named 'Best Trade Bank' in the MENA region

  • United Arab Emirates: Monday, July 02 - 2007 at 13:17
  • PRESS RELEASE

HSBC Bank Middle East Limited has been named the 'Best Trade Bank in Middle East and North Africa' at the Trade Finance magazine's annual awards function in London recently.

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  • Kersi Patel, Head for HSBC's Trade Services and Guarantee businesses in the Middle East.
    Kersi Patel, Head for HSBC's Trade Services and Guarantee businesses in the Middle East.
HSBC has won this award for the second year running.

Paul Edgar, Regional Head of Transaction Banking at HSBC Bank Middle East Limited commented:

"Winning this award reflects the high level of commitment that HSBC has dedicated to this core business. We were one of the first banks in this region and continue to be a firm supporter of local and international trade, which is the backbone of many economies in this region."


"With a team of over 350 trade experts on the ground in 13 countries in the Middle East, HSBC is well positioned to build on its pre-eminent market position and capture the huge emerging trade finance opportunities in this dynamic part of the world." Paul added

Kersi Patel, Head for HSBC's Trade Services and Guarantee businesses in the Middle East said: "Regionally we provide leading trade solutions to over 12,000 trade customers covering all possible business categories and sizes - ranging from large international trading names to the very small traders based in traditional Souqs - and this unique capability is recognized by our customers by once again voting us as the Best Trade Bank in the Middle East and North Africa."

Trade Finance magazine is published by Euromoney Institutional Investor and winners of the Awards for Excellence were decided based on poll of corporates in the region.
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Notes and media contacts

HSBC Bank Middle East Limited
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 34 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain. In addition to the branch network the Bank maintains a representative office in Tehran, Iran. This extensive regional coverage is strengthened by another member of the HSBC Group HSBC Bank Egypt SAE, and by its associated companies, The Saudi British Bank, British Arab Commercial Bank Limited, and HSBC Saudi Arabia Limited.

HSBC Holdings plc
HSBC Holdings plc serves over 125 million customers worldwide through around 10,000 offices in 82 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa. With assets of some US$1,861 billion at 31 December 2006, HSBC is one of the world's largest banking and financial services organisations. HSBC is marketed worldwide as 'the world's local bank'.

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