HSBC, number one in Qatar again

In a recent Eurotrade finance survey HSBC has been voted the leading trade finance bank in Qatar by customers.

This is on top of being voted the number one trade finance bank in the Middle East region for a fourth year running by customers in this competitive sector.

Dean Lochrie, Head of Global Trade and Receivables Finance in Doha, was quoted as saying “This is a fantastic result for our Global Trade and Receivables Finance business and as the world’s leading trade finance bank, HSBC is ideally placed to connect Qatari businesses to trading partners around the globe. We continue to invest in the digitalisation of our products and services to make banking simpler, better and faster for our customers,”

“HSBC has pioneered the use of blockchain technology to accelerate the velocity of trade flowing through the Middle East, North Africa and Turkey region — trade which is worth around $2tn each year. Our use of AI, machine learning, mobile based trade tracker applications and intuitive online trade platforms have drastically improved the efficiency of the business, made trade safer for our customers and society, and have had a positive impact on client experience.

Being voted the region’s best trade finance bank is a direct reflection of these investments. So, watch this space as we continue to disrupt the way trade finance is done,” added Sunil Veetil, head (Global Trade and Receivables Finance) for HSBC in the Middle East, North Africa and Turkey.