The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookies before using this site.

All material subject to strictly enforced copyright laws. © 2020 Euromoney, a part of the Euromoney Institutional Investor PLC.
Awards

Middle East's best bank for transaction services 2019: HSBC

Awards for Excellence 2019



Dethroning last year’s winner Standard Chartered was no easy feat, but HSBC accomplished it through strong growth and a renewed commitment to the region, which is headed by Martin Tricaud, CEO for the Middle East, North Africa and Turkey. 

Its Middle East transaction banking revenue went up 23% over the past year. The bank processed $407 billion of payments in 2018, and financed $43 billion of trade in the Middle East. It has an impressive 15,000 transaction banking clients across the region, serviced by 500 staff. 

Its investment in digitization also helped migrate transactions online over the past year, with 40% of trade transactions submitted digitally, up 14% year on year.

Over the past year, HSBC helped the Ali Bin Ali Group, a Qatari retail and distribution company, save money by automating its treasury activities. 

Martin-Tricaud-HSBC-160x186

Martin Tricaud

HSBC also provided a structured financing solution to the Egyptian General Petroleum Corporation, for $2 billion, to help reduce outstanding receivables to international oil companies, which supported Egypt’s economic reform programme and helped fulfil IMF obligations for debt reduction. 



You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.

SUBSCRIBE ONLINE TODAY

Unlimited access to Euromoney.com and Asiamoney.com

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually

FREE 7 DAY TRIAL

Unlimited access to Euromoney.com and Asiamoney.com, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors

LOGIN NOW

Already a user?

We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
I agree