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Sunday, November 8 - 2009

HSBC voted 'Best Cash Management Bank in Middle East and Africa' by TMI

HSBC Bank Middle East has recently won Treasury Management International's (TMI) awards poll for 'Best Cash Management Bank - Middle East and Africa 2008,' which has been awarded for the first time.

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TMI Awards are voted by the magazine's readers, with over 1,600 votes received across the various categories. These awards clearly underline HSBC's excellent reputation amongst Treasurers worldwide.

Paul Edgar, Regional Manager - Transaction Banking, HSBC Bank Middle East said, "n the Middle East, HSBC is a well respected brand in Government entities and Multinationals through to mid-market and smaller commercial banking clients. Given the current financial and economic environment, treasurers are more interested in cash management than ever and with HSBC's reputation for a long term relationship approach and focus on customer service; they are turning to HSBC for advice, guidance and delivery of efficient and effective treasury management solutions."

"This is a great start to 2009 for the HSBC Transaction Team around the Region and we look forward to new accolades that recognize our industry leadership," Paul added.
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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 37 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 representative offices in Tehran, Iran and Tripoli, Libya. 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.

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