NEW YORK, November 18, 2008 – Global Finance magazine has named the “Best Foreign Exchange Banks and Providers” by country, region and category in an exclusive survey to be published in the January 2009 issue.

Deutsche Bank was named as the global winner. Global Finance editors – with input from industry analysts, corporate executives and technology experts – also selected the best currency trading providers in 82 countries or regions. The best online foreign exchange systems were also identified. Criteria for choosing the traditional and online winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.

“The global foreign exchange market has continued to thrive throughout the financial crisis. Average daily turnover has surpassed $3 trillion in the world’s biggest market.We have identified the banks that large global companies can rely on for their FX needs,” says Joseph D. Giarraputo, publisher and president of Global Finance.

Deutsche Bank

North America Citi
Latin America Citi
Western Europe Deutsche Bank
Central and Eastern Europe UniCredit
Scandinavia Handelsbanken Capital
Middle East Ahli United Bank
Africa Standard Chartered Bank
Asia-Pacific HSBC
Southeast Asia DBS

Angola BES Angola
Argentina Citi
Armenia Converse Bank
Australia Commonwealth Bank of Australia
Austria Bank Austria
Bahrain Ahli United Bank
Belarus Priorbank
Belgium KBC Bank
Brazil Itau
Canada Scotia Capital
Chile Banco Santander Chile
China Bank of China
Colombia Bancolombia
Costa Rica Scotiabank Costa Rica
Cyprus Bank of Cyprus
Czech Republic CSOB
Denmark Danske Bank
Ecuador Citi
Egypt Commercial International Bank
El Salvador Citi
Estonia Hansabank
France BNP Paribas
Gambia Standard Chartered Gambia
Georgia Bank of Georgia
Germany Deutsche Bank
Greece Eurobank EFG
Guatemala Banco Industrial
Hong Kong HSBC
Hungary OTP Bank
India HDFC Bank
Israel Bank Hapoalim
Italy UniCredit
Scotiabank Jamaica
Japan Mitsubishi UFJ Financial
Jordan Arab Bank
Kazakhstan BTA Bank
Kuwait National Bank of Kuwait
Latvia SEB Banka
Lebanon BLOM Bank
Lithuania SEB Bank
Malaysia Maybank
Mexico Banamex
Moldova Moldova Agroindbank
The Netherlands Rabobank
New Zealand Westpac Banking
Nigeria First Bank of Nigeria
Norway DnB NOR
Oman BankMuscat
Pakistan Habib Bank
Peru Scotiabank Peru
Poland Bank Pekao
Portugal Millennium bcp
Qatar Qatar National Bank
Russia VTB
Saudi Arabia Samba Financial Group
Singapore DBS
Slovak Republic CSOB
Slovenia Nova Ljubljanska Banka
South Africa Standard Bank
South Korea Korea Exchange Bank
Spain Santander
Sweden Handelsbanken Capital Markets
Switzerland Credit Suisse
Taiwan Chinatrust Commercial Bank
Thaliand Siam Commercial Bank
Turkey Akbank
UAE Emirates NBD
Ukraine PrivatBank
United Kingdom RBS
United States Citi
Honorable Mention United Stated The Bank of New York Mellon
Uruguay Citi
Venezuela Banco Mercantil
Vietnam Sacombank

Best Foreign Exchange Research
The Bank of New York Mellon

Best Fundamental Analysis
Brown Brothers Harriman

Best Technical Analysis
The Bank of New York Mellon

Best Forecasts
The Bank of New York Mellon

Best Strategy/Hedging
Deutsche Bank

Best Online FX Trading Systems
Best Bank State Street’s FX Connect
Best Independant FXall
Best Retail Interbank fx