HSBC recognised as market leader by Euromoney

Hongkong and Shanghai Banking Corporation (HSBC) has been voted 'Market Leader' for the 13th time and the 'Best Service' for five years in a row in Bangladesh in the Euromoney Cash Management Survey 2022.

The awards indicate HSBC's leadership in cash management in the country, reports a press release.

This survey is conducted by the leading global business and finance-focused magazine Euromoney. With an average response based in excess of 20,000, this is the most authoritative and comprehensive ranking available.

Mahbub ur Rahman, chief executive officer, HSBC Bangladesh said, “This recognition makes us humbled and also more responsible towards our customers who had placed their confidence and trust in HSBC. We are certainly encouraged by this award and would continue to augment our propositions and bring in international service standards in this evolving technology-driven marketplace. I take this opportunity to thank our customers, regulators and all other stakeholders for helping us to go for this mile.”

Riaz A Choudhury, interim country head of Wholesale Banking, HSBC Bangladesh said, “I would like to extend my gratitude to the 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 products and solutions. We will continue to digitise at scale and help clients to build a smarter business with a simpler and better informed customer experience.”

HSBC Bangladesh has a wide range of liquidity management products across payables, receivables, clearing and foreign currency, liquidity, liability and investments.

This year the bank launched a Cash Flow Forecasting tool to help clients build a more accurate picture of their future finances and manage liquidity.

In addition, to support the digital banking requirements of the clients, HSBC has already launched smart digital propositions like Online Statutory Payment System, Paperless-trade, Enhanced Virtual Account, Direct Debit, eVAT, eDuty and others.

HSBC has been prioritising its clients and trying to give them the best service possible through the adoption of new and convenient technologies.