HSBC launches major up-grade of its business banking platform

This unit is located on the National Paints Roundabout in the vibrant and rapidly growing Sharjah Industrial Area. The bank is set to launch other similar centers across the UAE over the next few months.

An opening ceremony, held on September 2, 2007, was attended by Youssef Nasr, Chief Executive Officer, HSBC Bank Middle East Limited, Keith Bradley, Regional Head of Commercial Banking and Rakesh Arora Head of Business Banking, UAE as well as a number of guests, customers and staff of HSBC.

The new Centre, a first in the UAE, will offer a one-stop-shop for business customers to submit applications for new corporate accounts, discuss banking and cash management requirements, apply for business banking packages, Internet banking or business credit cards. Customers can also apply for trade finance letters of credit, collections and shipping Guarantees. Business ATM and Cash and Cheque Deposit Machines will also be available for customer transactions. The centre will remain open from Saturday - Thursday from 8.30 am to 5 pm.

Keith Bradley, Regional Head of Commercial Banking, HSBC Bank Middle East Limited said:

"The UAE government places much emphasis on developing a strong small business sector as it is critical to the growth of the local economy. HSBC banks over two million small businesses globally and is committed to rapidly expanding its support for small businesses throughout the UAE. The opening of the Business Banking Centre in Sharjah is the first step in a major programme to up-grade our service offering for small businesses."

"The UAE economy is thriving. In times such as these, small businesses need support, tools and resources if they are to expand their already significant contribution to the local economy. HSBC, the best bank for small business, is well positioned to help foster the Business Banking sector as a catalyst for growth and job creation in the UAE." Keith added

Rakesh Arora, Head of Business Banking, HSBC Bank Middle East Limited added: 'A team of dedicated and experienced HSBC representatives are available in the CSU to advise existing and potential business customers on our full range of products and services. Customers will benefit from the flexible banking hours, and the convenience of high quality banking.'

With products and services designed around the needs of small businesses, HSBC is a market leader in delivering value and convenience. The bank's clients range from retailers, traders, distributors, consultants, professional services firms and small manufacturers. HSBC aims to grow with its customers thereby ensuring that it makes an important contribution to this vital sector of the economy.