HSBC voted ‘market leader’, ‘best service’ in Bangladesh by Euromoney

HSBC has been voted "market leader" and the "best service" in Bangladesh in the Euromoney Cash Management Survey 2021.

With this, HSBC has been voted 'market leader' for the 12th time and the 'best service' for four years in a row in Bangladesh while globally, this is the 10th year in a row that the organisation has taken the top spot for corporates.

This survey is conducted by the leading global business and finance focused magazine Euromoney. The awards indicate HSBC's leadership in cash management in the country, HSBC said in a press release today.

Md Mahbub ur Rahman, chief executive officer of HSBC Bangladesh, said, "This award is a testament of the confidence our customers have bestowed on us as to our superior capability and service standard in the cash management space."

"We are humbled. This award makes us more responsible towards the future journey of our customers and stakeholders while we continue to connect them to a world of opportunities."

Kevin Green, the country head of Wholesale Banking at HSBC Bangladesh said, "I would like to congratulate team Bangladesh for this remarkable achievement and look forward to continuing supporting our clients."

"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, according to the press release.

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, it said.

In addition, to support the digital banking requirements of the clients, HSBC Bangladesh has already launched smart digital propositions like Enhanced Virtual Account, Direct Debit, eVAT, eDuty etc, it added.