HSBC award from Euromoney

The results of the poll were published by Euromoney in its October edition.

Euromoney polled treasurers and financial officers at corporates, financial institutions, supranational organisations and state agencies. The survey was carried out from 16 June to 25 August. Respondents were asked to nominate banks providing the best service in helping them to raise new capital and manage risk. In the Middle East HSBC scored considerably higher than its competitors.

Over the last 2 years HSBC has consistently ranked top in a wide range of banking categories. It has for 2 consecutive years been Euromoney's Best Bank in the Middle East and Best Debt House in the Middle East and in the UAE. In 2004 it was also named Best Debt House in Qatar and Best at Risk Management in the Middle East.

Mukhtar Hussain, Co-Head of Corporate, Investment Banking and Markets of HSBC Bank Middle East Limited said, "We are delighted to have received this award and grateful for the confidence and support of our clients. This is an exciting time of growth and development in the Middle East and we are investing for the future through enhanced capabilities. The availability of capital is a key driver for investment, and institutions like HSBC can play an important role in promoting and developing capital flows as the region's needs expand. HSBC is proud to have the largest Corporate, Institutional, Investment Banking and Markets team in the region dedicated to supporting our clients across the region."