HSBC Oman named Best Investment Bank for the third year running

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

This recognition came in addition to six other HSBC wins across the Middle East – more than any other bank in the region. HSBC is the Middle East’s Best Investment Bank and, for the fourth year in a row, the region’s Best Bank for Sustainable Finance.

HSBC is the only bank to have held the title of the Middle East’s Best Bank for Sustainable Finance since the award’s 2018 inauguration. Outside of the Middle East, HSBC was named Asia’s Best Bank for Sustainable Finance for the fifth consecutive year, and was recognised as the World’s Best Bank for Trade Finance.

Melika Betlely, CEO HSBC Oman, said: “These awards are evidence that we are delivering on our ambition to provide leadership in sustainable finance as well as being the ‘go-to’ investment bank globally, in this region and in Oman. Whether we’re connecting Omani institutions to international markets or introducing foreign investors to local capital markets, we’re creating trade opportunities while also supporting the transition to a net zero economy.”

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

HSBC Oman has continuously been a core relationship bank for the Ministry of Finance, providing support on debt raising plans and extending access to complex and ground-breaking financing solutions. Earlier this year the Bank participated as a Mandated Lead Arranger (MLA) in the Ministry of Finance’s seven-year USD4 billion Syndicated Term Loan facility with an initial commitment of USD200 million.

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