HSBC tops Euromoney poll for trade finance service in Qatar

Businesses in Qatar voted HSBC Bank Qatar Best Bank for Trade Finance Services in Euromoney’s 2022 Trade Finance Survey.

HSBC was also voted the top bank in the same trade finance survey for Bahrain, Kuwait and Oman.

Elie El Asmar, Country Head of Commercial Banking in Qatar, said: “This is a fantastic result for our Global Trade and Receivables Finance business and as the world’s leading trade finance bank, HSBC is ideally placed to connecting Qatari businesses to business partners around the world. . We continue to invest in the digitalization of our products and services to make banking simpler, better and faster for our customers.

HSBC’s e-commerce services execute over 95% of HSBC’s transactions digitally in Qatar. In 2021, nearly all customer transactions were received through digital channels, leading to a more efficient and refined process, which reflects the bank’s commitment to investing in digital solutions and powerful tools to helping customers manage their most complex banking needs.

“The impact of COVID-19 has placed even greater emphasis on digital banking and has dramatically accelerated digital business activity. Digital commerce is not just about making physical and financial supply chains more efficient, but also to create opportunities to increase business volumes through these efficiencies,” said Sunil Veetil, Head of Global Trade and Receivables Finance for HSBC in the Middle East, North Africa and Turkey (MENAT ).

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