HSBC recognised as Best Cash Management Bank

The Hongkong and Shanghai Banking Corporation Limited (HSBC) has been recognized as the best Cash Management Bank at the Corporate Treasurer Awards 2021, said a statement.

HSBC Bangladesh has a wide range of liquidity management products across payables, receivables, clearing and foreign currency, liquidity, liability and investments. This year the bank launched Cash Flow Forecasting tool to help clients build a more accurate picture of their future finances and manage liquidity. In addition, to support the digital banking requirements of the clients, HSBC Bangladesh has already launched smart digital propositions like: Enhanced Virtual Account, Direct Debit, eVAT, eDuty etc.The bank has invested in continuing the momentum by providing clients with more digital solutions in coming time span.

Commenting on the country wins, Md. Mahbub ur Rahman, Chief Executive Officer, HSBC Bangladesh said, "We are happy to receive the Corporate Treasurer Award and for us this is yet another international recognition in cash management area this year. Cash management will remain important area for corporates in Bangladesh as they continue to optimize the liquidity deployment.”