HSBC voted as 1st Market Leader in Trade Finance Services

Businesses in Egypt voted HSBC as the 1st Market Leader in Trade Finance Services according to Euromoney’s 2019 Trade Finance Survey results.

Chaker Zeraiki, Head of Global Trade and Receivables Finance, HSBC Egypt said: "This award reflects the trust of our clients and demonstrate the dedication, resilience and passion of our teams that strive to deliver an unrivalled customers’ journey to our clients.”

The market leader in Trade Finance is regarded as an industry benchmark awards for financial services globally. Over the last several years, HSBC in Egypt has focused on supporting its clients in navigating fast changing local market fluctuations in Egypt. While the Egyptian economy is now stabilizing and positioning itself back to growth, Egyptian entrepreneurs are keen to tap into new market opportunities.



Chaker Zeraiki, Head of Global Trade and Receivables Finance, HSBC Egypt

“The world is certainly going through a period of fast changes that impact entrepreneurs in Egypt, whom are keen to better anticipate the trade finance mega trends, but most importantly, tap into a new world of opportunities. HSBC is ideally placed to support our clients achieving their ambitiouns whilst managing the underlying risks and cost effectively. Trade in Egypt is and will remain one of the government key priorities that aims to connect Egypt with the regional and global markets. HSBC has been supporting international trade for more than 150 years and is certainly keen to help its clients capitalize on its unique expertise and international network” Chaker added.

Across the Middle East, businesses voted HSBC as the #1 Market Leader in Trade Finance Services regionally, with additional country-level wins of the award in Algeria, Bahrain and Qatar. When asked to assess the quality of service delivered by their providers, businesses voted HSBC in Algeria and Bahrain for the #1 Best Service Award. The Bank has also been voted the #1 Market Leader by businesses globally for the second consecutive year.

Sunil Veetil, Regional Head of Global Trade and Receivables Finance, HSBC Middle East, North Africa and Turkey said: “It is a great honour to be recognised by customers as the number one Market Leader for Trade Finance Services for the third consecutive year. It is also a testament to the HSBC MENAT Trade team who work tirelessly to serve our customers’ needs, helping them meet their growth objectives.”

“The Middle East is a key hub for intra-regional and global trade, and as we look forward, digital innovation remains central to this as new technologies rapidly change how business is done. We aim to be the benchmark for customer experience across the financial services industry through our full suite of products. This includes digital solutions like the HSBC Trade Tracker and Supply Chain Finance platform, as well as our ongoing work to bring blockchain to the region” Sunil added.

The Euromoney Trade Finance Survey based its findings on a poll of more than 7,000 businesses engaged in international trade, asking them to rank the top providers of trade finance services.