HSBC has entered into a mutually reciprocal business agreement with Etisalat to provide some solutions useful for corporate clients. “HSBC was mandated to finance Etisalat's 3G network upgrade, through an innovative export credit financing and local bank syndication funding.
As part of this agreement, HSBC has converted its mobile services and corporate solutions to Etisalat and this exclusive offer has also been extended to the HSBC staff members,” a statement from Etisalat said.
Etisalat Lanka CEO Dumindra Ratnayaka said, “we are indeed pleased to provide services to HSBC and to have this partnership. With our expanding network and Business Edge solutions, we believe that we could add much value to HSBC for their communication and business needs.”
CEO-HSBC Sri Lanka & Maldives, Nick A Nicolaou noted that the partnership reaffirms the bank’s resourcefulness and continued commitment to the development of the local telecommunication industry via innovative financing solutions. “Etisalat is a leading mobile service provider which continues to grow at a rapid pace and we are excited by this commercial venture and believe that this partnership will contribute towards our collective growth in the country,” he said.