HSBC Bangladesh named ‘Best Cash Management Bank’, wins multiple awards in Euromoney survey

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh has been named the ‘Best Cash Management Bank’ in Bangladesh for the 15th consecutive year in the Euromoney Cash Management Survey 2024.

The bank also secured the title of ‘Best Cash Management Bank for Client Service’ for the seventh year in a row. For the first time, HSBC Bangladesh received additional accolades as the ‘Best Bank for Cash Management Products,’ ‘Best Bank for Cash Management Technology,’ and ‘Best Bank for Payables Automation.’ The bank achieved recognition in several categories across the Asia-Pacific region as well, said a press release. 

The Euromoney Cash Management Survey, conducted by global finance magazine Euromoney, is one of the most comprehensive industry rankings, with an average of 30,000 corporate responses each year. These awards underscore HSBC’s strong leadership in Bangladesh’s cash management sector.

Md Mahbub ur Rahman, CEO of HSBC Bangladesh, commented on the recognition, saying, “Being consistently voted by our customers reflects HSBC's strong commitment to their success. Providing leading transaction banking services to the Bangladesh market remains a key strategic priority for HSBC Bangladesh. I extend my sincere thanks to our customers, regulators, and stakeholders for their unwavering support in making these achievements possible.”

Gerard Haughey, Managing Director and Head of Wholesale Banking at HSBC Bangladesh, added, “It’s an honour for HSBC Bangladesh to be recognised as the market leader and best service provider in cash management once again. These awards reflect the trust our clients place in us and the dedication of our teams in delivering the highest standards of service, technology, and products.”

HSBC Bangladesh offers a comprehensive range of cash management products covering payables, receivables, foreign currency, liquidity, and digital solutions such as Treasury API, A-Challan, and Bulk Direct Debit. The bank has also launched innovative digital services like Omni Collect, Cash Flow Forecasting Tool, and Enhanced Virtual Account to meet clients’ digital banking needs. HSBC Bangladesh continues to prioritise client needs by introducing convenient, technology-driven services.