HSBC tops Euromoney cash management polls in Middle East

HSBC ranked second in the remaining two countries demonstrating a high level of consistency of leading cash management services across the region.

HSBC scored very strong results particularly in Saudi Arabia, the UAE, Bahrain and Qatar. The bank's global reach coupled with product innovation, investment in advanced technology, as well as local and customer knowledge have set it apart from its peers and won it this vote of confidence.

Paul Edgar, Regional Head of Global Transaction Banking, HSBC Bank Middle East, said:

"The "Best Domestic Cash Manager" awards is a benchmark for high-quality products and services across all areas of the business and customer segments that HSBC serves and is in recognition of the range of banking services offered by HSBC to business customers in all GCC countries and wider Middle East."

"HSBC delivers a wide range of market leading global liquidity and cash management solutions for regional businesses to enhance working capital and meet the evolving needs of its customers around the Middle East," he added

Payments and Cash Management is part of Global Transaction Banking (GTB), a leading provider of customer solutions from HSBC's global products portfolio. This includes Trade Services and Supply Chain, Payments and Cash Management and Securities Services. GTB supports the clients of both Global Banking and Markets and Commercial Banking divisions, covering both corporate as well as financial institutions around the world.