MANAMA: HSBC has reinforced its market-leading position in Bahrain after being voted the best domestic cash manager by corporate and institutional clients in the annual Euromoney Cash Management Survey - the 8th consecutive year in which the bank has scooped the award.
"HSBC's success is testament to the strong relationships we have built and maintained with our clients in Bahrain and of HSBC's commitment to them in this market," said HSBC Bahrain chief executive Melika Betley.
HSBC was also awarded best regional cash manager in the Middle East, the bank's ninth win since 2009, and retained its title as best global cash manager.
"HSBC Bank Middle East Limited has a long history in the kingdom. We have been here since 1944 and our customers in Bahrain can be certain that they can benefit from our strong regional presence," Ms Betley added.
HSBC gained the most votes and ranked first globally for quality of service delivered. The bank also topped the ranks in four out of the seven regions for best service, a new metric that Euromoney introduced this year. In addition, financial institutions voted HSBC first in 27 awards for its expertise in foreign currency payments.
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