HSBC voted number one ‘Market Leader in Trade Finance Services’

MUSCAT: Businesses in the Middle East voted HSBC as the #1Market Leader in Trade Finance Services for the third year running, according to Euromoney’s 2019 Trade Finance Survey results. HSBC has also been voted the #1 Market Leader by businesses globally for the second consecutive year.

In addition to the global and regional wins, businesses also voted HSBC as the #1 Market Leader in Algeria, Bahrain, Egypt and Qatar. When asked to assess the quality of service delivered by their providers, businesses voted HSBC in Algeria and Bahrain for the #1Best Service Award.

Sunil Veetil, Regional Head of Global Trade and Receivables Finance, HSBC Middle East, North Africa and Turkey said, “It is a great honour to be recognised by customers as the number one Market Leader for Trade Finance Services for the third consecutive year. It is also a testament to the HSBC MENAT Trade team who work tirelessly to serve our customers’ needs, helping them meet their growth objectives.”

“The Middle East is a key hub for intra-regional and global trade, and as we look forward, digital innovation remains central to this as new technologies rapidly change how business is done. We aim to be the benchmark for customer experience across the financial services industry through our full suite of products. This includes digital solutions like the HSBC Trade Tracker and Supply Chain Finance platform, as well as our ongoing work to bring blockchain to the region,” Sunil added.

The Euromoney Trade Finance Survey based its findings on a poll of more than 7,000 businesses.