Top of the chain
This year GTR has opened up the categories for voting for its trade services and supply chain banks and providers. It shows clearly that there’s an elite of institutions that crop up time and again.
GTR’s annual readers’s poll of banks and providers in the trade services and supply chain world attracted more votes than ever before this year. This may have been to do with the fact that we have opened up the categories to regional voting this time around.
What is obvious is that, with this area of trade services and the supply chain, the same institutions appear time and again, with few ‘outsiders’s mentioned. What is also clear is that there is a trade services elite of banks that consistently dominate the business more than others in most regions, namely: ABN Amro, Citibank, Deutsche Bank, HSBC, JPMorgan Chase, and Standard Chartered Bank.
These bigger players have the scale and can justify the big investments needed in IT.
Having said that, there are the specialist players like UPS Capital and SCF Capital that are coming up with their own models and are backing them with considerable investment.
These players are probably not big enough yet to warrant too much attention in surveys like these, but they certainly should be watched, and they did receive a few votes.
The winners and runners-up aside, players that also received votes included Bank of America, Bank of China, Barclays, Commerzbank, Fortis Bank, ICICI Bank, ING, Mashreq Bank, Royal Bank of Scotland, Santander, SCF Capital, SEB, Société Générale, Standard Bank, Sun Trust, Wachovia, Wells Fargo Bank, UBOC, UBS, UPS Capital and US Bank.
Who is the leading bank globally for documentary processing services
Position Bank
1 ABN Amro
2 Citibank
3 HSBC
Who is the most innovative and responsive trade services bank
Position Bank
1 JPMorgan Chase
2 ABN Amro
3 Standard Chartered
Who is the leading trade services bank in Asia-Pacific
Position Bank
1 HSBC
2 Standard Chartered
3 Citibank
Who is the leading trade services bank in Eastern Europe/CIS
Position Bank
1 Deutsche Bank
2 ABN Amro
3 Citibank
Who is the leading trade services bank in Western Europe
Position Bank
1 BNP Paribas
2 Deutsche Bank
3 ABN Amro
Who is the leading trade services bank in Latin America
Position Bank
1 Citibank
2 BBVA
3 Santander
Who is the leading trade services bank in North America
Position Bank
1 Citibank
2 JPMorgan Chase
3 Bank of New York
Who is the leading trade services bank in Sub-Saharan Africa
Position Bank
1 Standard Bank
2 Standard Chartered
3 Citibank
Who is the leading trade services bank in the Middle East & North Africa
Position Bank
1 HSBC
2 Standard Chartered
3 Citibank
Which IT provider/supply chain company has the best trade finance offering
Position Bank
1 China Systems
2 Surecomp
3 Misys/Neomalogic
Source: GTR
