The Banking Executive Magazine - March 2024 Issue

HSBC Qatar HSBC QATAR IS VOTED THE MARKET LEADER IN THE 2024 EUROMONEY POLL HSBC Qatar was voted market leader for trade services in the country for the seventh consecutive year in the 2024 Euromoney Trade Finance Sur- vey. In addition, the bank received the award for best service in the country and was voted best bank for trade finance across the Middle East. HSBC ranked first globally with 52 first-place rankings which are split into 28 market leader and 24 best service awards across all regions. The rankings represent the views of thousands of business customers on their preference for trade finance in the region. Abdul Hakeem Mostafawi, CEO of HSBC Qatar said: “HSBC Trade Serv- ices are at the heart of our strategic priorities and bring local expertise and global connections to our cus- tomers. Our 70-year heritage in Qatar was founded on trade services where we were able to connect our customers to the world. We will continue to in- vest in the best technologies to en- sure secure and streamlined transactions for our customers.” HSBC continues to focus on digitis- ing trade finance at scale and in 2023 became the first bank globally to pioneer straight-through-process- ing for bank guarantees. The innova- tion saw us issuing a tender bond for a client in Qatar within minutes of receiving the request via HSBC Trade Solutions, the bank’s world-leading trade finance platform. “The award is testament to the confi- dence our customers place in us and to the work we’re proud to do on their behalf,” said Saltanat Iztleuova, Country Head of Global Trade and Receivable Finance in Qatar. “We are very grateful to our clients and understand the best recognition is their continued support.” she added. the BANKING EXECUTIVE 34 ISSUE 183 MARCH 2024