Muscat – HSBC Bank Oman was voted as Market Leader by corporates in Oman for the tenth consecutive year in the annual Euromoney Cash Management Survey.
HSBC Bank Oman was also voted as the Best Service Bank in the sultanate by corporates for the third year.
“Being recognised for ten years in a row by our clients demonstrates our clear ability to facilitate their trading requirements locally and internationally, and support the transformation of their finance and treasury functions. This is a remarkable achievement for our Global Liquidity and Cash Management team in Oman, which demonstrates the value of our investment in digital,” Melika Betley, CEO of HSBC Bank Oman, said in a press release.
The local recognition was complemented by other HSBC successes, with the bank once again voted Market Leader by corporates in Bahrain, Kuwait and Qatar.
Kyle Boag, HSBC’s head of Global Liquidity and Cash Management in the Middle East, North Africa and Turkey, said, “Winning 13 awards in the Euromoney Cash Management Survey across the MENAT region demonstrates our clear ability to leverage the multi-million dollar IT investment which the HSBC Group puts into its cash management platform every year in order to stay ahead of our global, regional and local competitors.”
HSBC is the largest and most widely represented international banking organisation in the Middle East, North Africa and Turkey (MENAT), with a presence in nine countries across the region: Algeria, Bahrain, Egypt, Kuwait, Oman, Qatar, Saudi Arabia, Turkey and the United Arab Emirates.