• Innovation & Transformation
    • The Future of Banking

HSBC Armenia Named Best Cash Management Bank by 2020 Euromoney Cash Management poll

  • Article

For the third year in a row, HSBC Bank Armenia cjsc (hereinafter HSBC Armenia) has been ranked No.1 Domestic Cash Manager for Corporates by Euromoney magazine’s 2020 Cash management poll. HSBC Armenia was also recognized as No.1 bank for Service for Corporates in Armenia for the second year in a row.

The Euromoney Cash Management Awards are voted by cash managers, treasury professionals and financial officers around the world, providing them with the opportunity to comment on the standard of the cash management services they receive, as well as rate the financial institution they bank with.

“Being voted as the Best Cash Manager in Armenia represents our customers’ trust in HSBC Armenia. We help our customers enhance efficiency of financial operations and effectively manage associated risks by providing quality banking products and services through the continued efforts of our professional cash management specialists. This year No.1 bank for Service for Corporates in Armenia is even more important in terms of providing high quality distant banking services, managing cyber risks and addressing other challenges resulting from pandemic. We will continue to offer up-to-date market solutions, quality services and the world’s best practices to ensure the trust of our customers while meeting and exceeding their expectations,” Vardan Shahbazyan, Head of Global Payments Solutions Department noted.

Besides, GPS has been named Best Global Cash Manager for Corporates for the 9th consecutive year.

The results of the survey confirm HSBC’s leading role in corporate services both locally and globally.

Euromoney magazine’s survey commenced from June 1 and ended on July 17, 2020.

Euromoney Magazine, a popular publication of Euromoney Group, conducts an annual survey classifying the best providers of cash management services across the globe.

Last updated on: 16/12/20 15:17 UTC

Need help?

Get in touch to learn more about our banking solutions and how we can help you drive your business forward.