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4-Traders Homepage  >  Equities  >  London Stock Exchange  >  HSBC Holdings    HSBA   GB0005405286

HSBC HOLDINGS (HSBA)
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HSBC : voted best domestic cash manager

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10/12/2017 | 06:18pm CET

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.

(c) 2017 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info)., source Middle East & North African Newspapers

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Financials ($)
Sales 2017 51 834 M
EBIT 2017 18 845 M
Net income 2017 11 717 M
Debt 2017 -
Yield 2017 4,75%
P/E ratio 2017 18,34
P/E ratio 2018 15,46
Capi. / Sales 2017 4,14x
Capi. / Sales 2018 3,95x
Capitalization 214 B
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 22
Average target price 10,3 $
Spread / Average Target -3,7%
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NameTitle
Stuart Thomson Gulliver Group Chief Executive Officer & Executive Director
Mark Edward Tucker Group Chairman
Andrew Maguire Group Chief Operating Officer
Iain James Mackay Group Finance Director & Executive Director
Darryl West Chief Information Officer
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