Bank

HSBC Oman voted Best Investment Bank for third consecutive year

HSBC Bank Oman SAOG won two awards at the Euromoney Middle East Awards for Excellence 2022. The Bank was named Oman’s Best Investment Bank for the third consecutive year while winning Best Bank in the Environment, Social and Governance category (ESG).

This recognition comes on top of HSBC’s six other victories in the Middle East – more than any other bank in the region. HSBC is the best investment bank in the Middle East and, for the fourth consecutive year, the region’s best bank for sustainable finance.

HSBC is the only bank to have held the title of Best Bank in the Middle East for Sustainable Finance since the inauguration of the award in 2018. Outside the Middle East, HSBC was named Best Asian Bank for Sustainable Finance for the fifth consecutive year and was recognized as the world’s best bank for trade finance.

Melika Betlely, CEO of HSBC Oman, said: “These awards are proof that we are delivering on our ambition to be a leader in sustainable finance and to be the go-to investment bank in the world, in this region and in Oman. Whether we are connecting Omani institutions to international markets or introducing foreign investors to local capital markets, we are creating business opportunities while supporting the transition to a net zero economy.

Stephen Moss, HSBC Regional Managing Director for the Middle East, North Africa and Turkey (MENAT), said: “Our aspiration to be the global leader in supporting our customers with their cross-border banking needs, while helping to lead the transition to a global net-zero economy are key pillars of HSBC’s strategy. Being recognized as the Best Investment Bank in the Middle East and the Best Bank for Sustainable Finance is a clear reflection that we are making good progress on our stated ambition to be our clients’ preferred international banking partner.

HSBC Oman has always been a key relationship bank for the Ministry of Finance, providing support for debt raising plans and expanding access to complex and innovative financing solutions. Earlier this year, the Bank participated as Mandated Lead Arranger (MLA) in the Ministry of Finance’s US$4 billion seven-year syndicated term loan facility with an initial commitment of US$200 million .

HSBC aims to provide up to $1 trillion in financing and investment by 2030 to support the transition to a net zero global economy. The bank also aims to achieve net zero in its own operations and supply chain by 2030.