HSBC recognised as ‘Market Leader’ and ‘Best Service’ in Bangladesh by Euromoney

The Hong Kong and Shanghai Banking Corporation Limited (HSBC) has recently been voted 'Market Leader' for the 14th time and 'Best Service' for the 6th consecutive time in the Euromoney Cash Management Survey 2023. 

The bank has also been voted as the Asia Pacific ‘Market Leader’ and ‘Best Service’ in Non-Financial Institutions in this year’s Euromoney Cash Management Survey, as well as recognised in multiple categories across the region, said a press release. 

This survey is conducted by the leading global business and financial magazine Euromoney. With an average response base of around 30,000 corporate respondents, this is one of the most authoritative and comprehensive rankings available. The awards evidently indicate HSBC's leadership in the cash management space in the country. 

Commenting on the accolades, Devesh Mathur, acting CEO of HSBC Bangladesh said, “ Winning the Awards as the ‘Market Leader’ and the ‘Best Service’ bank in the country, voted by our customers is a resounding endorsement of HSBC’s commitment to our customers and our ability in offering bespoke financial solutions. We are determined to maintain our leadership by enabling global opportunities for our clients with our robust international network. Our heartfelt gratitude to our customers, regulators, and industry stakeholders for their indispensable support.”

Gerard Haughey, Managing Director and Head of Wholesale Banking, HSBC Bangladesh added, “ This award is especially meaningful for us as it is direct recognition from our valued customers for our continued efforts to provide superior customer experience. I would like to extend my gratitude to all our clients who voted for us. These awards attest our leadership position and inspire us to fulfil our commitments to the clients for continuous improvement of digital products and solutions. We will continue to digitise at scale and help clients to build smarter business with a simpler and better informed customer-experience.”

HSBC Bangladesh has a wide range of liquidity management products across payables, receivables, clearing, foreign currency, liquidity, liability and investments. This year the bank launched digital propositions like recurring & Bulk Direct Debit, Dynamic CSV solutions etc. In addition, to support the digital banking requirements of the clients, HSBC Bangladesh has already launched smart digital propositions like: Omni Collect, Online Statutory Payment System, Cash Flow Forecasting Tool, Enhanced Virtual Account, Direct Debit, eVAT, eDuty etc. The bank is invested in continuing the momentum by providing clients with more digital solutions in the coming time span. HSBC has always prioritising its clients by delivering the best service through the adoption of novel and convenient technologies.

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