(MENAFN- The Peninsula) The Peninsula
DOHA: HSBC Qatar has been voted the top trade finance bank in the country in the influential annual Trade Finance Survey conducted by Euromoney.
Businesses polled by Euromoney named HSBC Qatar as the leading bank for trade finance and the best bank for service in trade finance, the first time it has won in both domestic categories.
HSBC was also voted the best trade finance bank in the Middle East and Latin America, respectively, with the Bank also topping Euromoney's global poll of more than 7,000 companies to be crowned the leading trade bank in the world.
Abdul Hakeem Mostafawi (pictured), CEO of HSBC in Qatar said: 'We have been at the centre of evolving trade dynamics in the past year and understand the complexities of a changing world. This recognition from our loyal customer base is humbling and underlines our responsibility as a leader in the field to anticipate our clients' needs and provide first-class working capital solutions and customer service.
'HSBC's global network, international expertise and knowledge of the local market is unique and give us the opportunity to serve our customers in their growing trade needs, added Mostafawi.
Qatar was one of 11 countries globally in which HSBC received the award for the best domestic trade finance bank.
HSBC's presence in Qatar dates back to 1954 and over the past six decades the bank has been an important player in trade finance, developing a range of products, services and digital platforms to serve customers efficiently.
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