HSBC picked up four awards at Euromoney’s annual marquee awards for the Middle East in Dubai.
The award categories were:
- Middle East’s Best Bank for Transaction Services
- Middle East’s Best Bank for Sustainable Finance
- Best Investment Bank in Oman
- Best Investment bank in Saudi Arabia
“Winning these awards is a tremendous achievement and a powerful independent validation of the commitment HSBC has to delivering excellence for our customers as we drive our next period of growth in the region,” said Martin Tricaud, Chief Executive Officer for HSBC in the Middle East, North Africa and Turkey (MENAT).
Commenting on HSBC’s transaction services win, Euromoney commended HSBC for the support it provides its clients in helping them migrate to digital banking.
Transaction banking is a strategic growth priority for HSBC in MENAT, where significant investments have been in digital products and channels to deliver transformational trade finance and cash management services.
It was also recognised by Euromoney for being at the forefront of sustainable finance in the Middle East, saying: “When it comes to supporting the transition to a low carbon future across the Middle East, one bank is leading the way – HSBC.”
HSBC has a global commitment to provide $100 billion in sustainable financing by 2025, with MENAT delivering key components of the strategy. Most recently, the bank acted as Sole Green Structuring Advisor and Joint Global Coordinator on the successful issuance of a $600 million green Sukuk by Majid Al Futtaim Holding LLC, the first benchmark-size green Sukuk by a corporate globally.