Euromoney names HSBC the Best Cash Management Bank in Sri Lanka

Tuesday, 19 January 2016 00:17 - - {{hitsCtrl.values.hits}}

HSBC was named the Best Cash Management Bank in Sri Lanka for the 5th consecutive year by Euromoney’s acclaimed Cash Management Survey. The survey is conducted independently and the results are based on client votes.

As the largest cash management franchise in Sri Lanka HSBC offers a comprehensive selection of cash management solutions to Corporates, ranging from large local corporate conglomerates to subsidiaries of global multinationals, as well as mid-market enterprises, financial institution groups and non-banking financial institutions. HSBC was also the first cash management bank to launch a mobile internet banking app designed to focus on the specific needs of corporate clients. The pilot project for the app was launched in partnership with the Sri Lankan apparel giant MAS.

Speaking on the award, Patrick Gallagher, CEO of HSBC Sri Lanka and Maldives, commented: “Winning this title for the fifth consecutive

year is an indication that the commitment of our staff has paid off dividends. We also thank our customers for their shared interest in HSBC. We believe in investing in strong partnerships with our clients, backed by solid and well thought-out financial solutions. Especially given the dynamism of prevalent market conditions, it is extremely important that we provide top of the line cash and treasury management solutions. It’s also imperative that we constantly challenge ourselves and innovate to keep abreast of the ever-changing parameters of the local and global financial markets.”

HSBC was also named the Best Foreign Bank in Sri Lanka by Finance Asia for 2015.