HSBC Bank Egypt has been voted the #1 cash management bank in Egypt by corporates in the annual Euromoney Cash Management Survey.
“This award demonstrates our customers’ confidence in our cash and liquidity management services as well as our broader role as their banking partner, which is particularly important during these difficult times. It also demonstrates the value of our investment in digital, which has ensured our cash management platform is market leading at a local, regional and global level,” said Ahmed Badawi, Country Head, Global Liquidity & Cash Management, HSBC Egypt.
The local recognition was complemented by other HSBC successes, with the bank once again voted the #1 bank for cash management by corporates across the entire Middle East region.
Noor Adhami, HSBC’s Head of Global Liquidity and Cash Management in the Middle East, North Africa and Turkey, said: “This year’s achievement is particularly special because not only has HSBC been voted by the market as the leading bank for cash management in the Middle East but we have also come top in each of the five service categories – personnel, service, tech provisions, financial facilities and business functions – and have been awarded the overall best service award for the region. I would like to thank all our clients for their trust in our ability to meet their needs.”
In 2020, HSBC Bank Egypt expanded its digital offering for corporates and introduced a range of digital solutions to help them stay even better connected to their finances. This includes the launch of HSBC’s Liquidity Management Portal, which gives clients a clearer picture of their cash positions globally and allows them to make better liquidity management decisions.
During the year, HSBC also launched the HSBCnet mobile app, which gives clients mobile-optimised access to their HSBCnet accounts, allowing them to manage their accounts anytime, anywhere.
About HSBC Bank Egypt S.A.E:
HSBC Bank Egypt S.A.E. was established in 1982 as Hongkong Egyptian Bank S.A.E. and adopted its present name in April 2001 following an increase in shareholding by the HSBC Group from 40% to 94.5%.
HSBC Bank Egypt S.A.E. is one of the largest multinational banks operating in Egypt, providing a comprehensive range of banking and related financial services through a network of more than 62 branches and outlets in prominent cities in Egypt.