HSBC took top honours for the scope of its services and for customer satisfaction, and was recognised both for its achievements in building new product lines as well as integrating existing services to provide tailor made solutions to its customers.
HSBC has the largest cash-management operation in the Middle East, and supports more local and multinational clients than any other bank in the region. It is renowned for pioneering innovative electronic cash management solutions in the region through its Hexagon electronic banking platform.
Ajay Bhandoola, Regional Manager for Payments and Cash Management in the Middle East said. "Last year Euromoney awarded us the Best Cash Management Bank in the Middle East. This year our customers have endorsed that award with their responses to the survey. We thank them for this accolade, and we assure them that we will work even harder in future to support their businesses."
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HSBC voted top for Cash Management in Middle East
- United Arab Emirates: Monday, December 22 - 2003 at 12:10
- PRESS RELEASE
HSBC has been voted the number one Cash Management Bank in the Middle East in a Cash Management poll among readers of Euromoney magazine for 2003.
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1. HSBC Bank Middle East LimitedHSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 29 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Jordan, Lebanon, and the Palestinian Autonomous Area, including an offshore banking unit in Bahrain. 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 and British Arab Commercial Bank Limited. In addition to its Middle Eastern network, the Bank has a representative office in Tehran, Iran.
2. HSBC Holdings plc
HSBC Bank Middle East Limited has been a principal member of the HSBC Group since 1959. With over 9,500 offices in 79 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa and assets of US$ 983 billion at 30 June 2003, the HSBC Group is one of the world's largest banking and financial services organisations.
3. Euromoney
Euromoney magazine is published in the UK and read by in excess of 160,000 decision-makers worldwide, specialising on trends in international banking and capital markets. Its monthly coverage includes developments in foreign exchange, securities trading, cash management, custody, payments and settlements.
Posted by Anne-Birte Stensgaard, Senior News EditorMonday, December 22 - 2003 at 12:10 UAE local time (GMT+4)
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