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Nov 19 2011

HSBC Kuwait wins Euromoney's country award for best Cash Management Bank in Kuwait

Simon Vaughan Johnson, Chief Executive of HSBC Kuwait
Simon Vaughan Johnson, Chief Executive of HSBC Kuwait

For the third consecutive year, HSBC Kuwait has been awarded Euromoney's prestigious country award as Best Cash Management Bank in Kuwait 2011. This award recognizes excellence in cash management products and services.

Simon Vaughan Johnson, Chief Executive of HSBC Kuwait, said: "We truly appreciate receiving this award for the third time in as many years. The award is based on direct feedback from customers and is therefore a testament to the quality and consistency of our cash management services. HSBC Kuwait has long been dedicated to delivering the best cash management solutions to its clients and we remain firmly committed to maintaining these high standards as we continue to develop our expanding business here in Kuwait."

The HSBC Kuwait Cash Management team provides a comprehensive range of integrated products and services to customers, including payments, collections and liquidity management solutions. These services are designed to help clients to achieve working capital and processing efficiencies, together with enhanced risk management.

Earlier this year, HSBC Kuwait also won the Best Sub Custodian Bank award from Global Finance magazine, and in the last 9 months HSBC 's regional office has been the winner of several awards, including Euromoney's regional Award for Excellence Best Cash Management Bank in the Middle East, Global Finance's Best Bank for Liquidity Management in the Middle East, Best Online Cash Management in the Middle East and Best Online Cash Management Bank in Bahrain, Qatar, Saudi Arabia and the UAE, and EMEA Finance's award for Best Cash Management Services in the Middle East.

-Ends-

HSBC Bank Middle East Limited ( HSBC )
HSBC is the largest and most widely represented international bank in the Middle East. HSBC Bank Middle East Limited has 46 branches throughout the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Jordan, Lebanon, Pakistan, Algeria and the Palestinian Autonomous Area. In addition to this branch network, the Bank maintains representative office in Tripoli, Libya. This extensive regional coverage is strengthened by another member of the HSBC Group, HSBC Bank Egypt SAE; and by its associated companies; The Saudi British Bank; British Arab Commercial Bank Limited; HSBC Saudi Arabia Limited; SABB Securities Limited; SABB Takaful Co.; and Dar Es Saalam Investment something here on being open for international business.

For further information, please contact:
Jeanette Sleiman Farah
Manager Marketing & Corporate Communication
Tel.:22230701
email :jeanettefarah@hsbc.com

© Press Release 2011

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