Two months ago GTR called all companies that read our magazine and attend our events to vote in our annual Leaders in Trade awards. We asked these and other companies engaged in cross-border trade activities to tell us which financial institutions are the best internationally.
These are the results:
(For some categories we roped in the support of the rest of our database as well. See results marked *.)
Best global trade finance bank:
First place: HSBC
Runner-up: Citi
Best global export finance bank:
First place: Société Générale
Runner-up: HSBC
Best global commodity finance bank:
First place: BNP Paribas
Runner-up: ABN Amro
Best global structured commodity finance bank:
First place: ING
Runner-up: Deutsche Bank
Best trade finance bank in Latin America:
First place: Santander
Runner-up: BBVA
Best trade finance bank in Asia:
First place: Standard Chartered
Runner-up: Bank of America Merrill Lynch
Best trade finance bank in CEE:
First place: Commerzbank
Runner-up: Raiffeisen Bank
Best trade finance bank in CIS:
First place: Sberbank
Runner-up: VTB Bank
Best trade finance bank in Australia and the Pacific:
First place: Westpac
Runner-up: ANZ
Best trade finance bank in the Middle East & North Africa:
First place: HSBC
Runner-up: FGB
Best trade finance bank in Sub-Saharan Africa:
First place: Standard Bank
Runner-up: Barclays Africa
Best trade finance bank in the Nordic region:
First place: SEB
Runner-up: Nordea
Best trade finance bank in North America:
First place: JP Morgan
Runner-up: Bank of America Merrill Lynch
Best trade finance bank in Western Europe:
First place: Deutsche Bank
Runner-up: Crédit Agricole
Best trade finance bank in the UK:
First place: RBS
Runner-up: Barclays
Best Islamic finance bank:
First place: Maybank
Runner-up: ITFC
Best development bank in trade:
First place: Asian Development Bank
Runner-up: African Development Bank
Best alternative trade finance provider:
First place: Falcon Group
Runner-up: Trade Finance Partners
Best export credit agency:
First place: UKEF
Runner-up: EDC
Best supply chain finance bank:
First place: Citi
Runner-up: JP Morgan
Best forfaiting house*:
First place: LFC
Runner-up: UniCredit
Best factoring house*:
First place: GE Capital
Runner-up: Bibby Financial Services
Best trade outsourcing bank*:
First place: BNY Mellon
Runner-up: Wells Fargo
Best trade finance software provider*:
First place: China Systems
Runner-up: Misys
Best bank for documentary processing*:
First place: Commerzbank
Runner-up: RBS
Best trade credit and political risk insurance broker*:
First place: BPL Global
Runner-up: Arthur J Gallagher
Best trade credit insurance underwriter*:
Joint first place: Euler Hermes
Joint first place: AIG
Best political risk insurance underwriter*:
First place: ACE
Runner-up: Beazley
Company with the best supply chain finance platform*:
First place: PrimeRevenue
Runner-up: Misys
