Annual Survey
GLOBAL WINNER
Deutsche Bank

title
North — America Citigroup
Western Europe — Deutsche Bank (Honorable Mention: UBS and HSBC)
Asia-Pacific — HSBC
Southeast Asia — DBS
Central & Eastern Europe — Bank Austria Creditanstalt
Latin America — Citigroup
Scandinavia — Svenska Handelsbanken
Middle East — National Bank of Kuwait
Africa — Standard Bank

World’s Best Foreign Exchange Banks 2006
COUNTRY WINNERS
Armenia: Converse Bank
Australia: Westpac Banking
Austria: Bank Austria Creditanstalt
Bahrain: Arab Banking Corporation (ABC)
Belarus: Priorbank
Belgium: Fortis Bank
Brazil: Banco Bradesco
Canada: Scotia Capital
Chile: Banco de Chile
China: Bank of China
Colombia: Banco de Bogotá
Costa Rica: Banco Interfin
Czech Republic: Ceskoslovenska Obchodni Banka
Denmark: Danske Bank
Egypt: Commercial International Bank
Estonia: Hansabank
France: BNP Paribas
Georgia: TBC Bank
Germany: Deutsche Bank
Greece: National Bank of Greece
Hong Kong: HSBC
Hungary: OTP Bank
India: ICICI Bank
Israel: Bank Hapoalim
Italy: UniCredit
Japan: Mitsubishi UFJ Financial (formerly Mitsubishi Tokyo Financial Group)
Jordan: Jordan Kuwait Bank
Kazakhstan: Kazkommertsbank
Kuwait: National Bank of Kuwait
Latvia: Parex Bank
Lithuania: SEB Vilniaus Bankas
Malaysia: Maybank
Mexico: Banamex
Moldova: Victoriabank
Netherlands: ABN Amro Bank
New Zealand: ANZ
Nigeria: First Bank of Nigeria
Norway: DnB NOR
Oman: BankMuscat
Pakistan: National Bank of Pakistan
Poland: Bank Pekao
Portugal: Millennium bcp
Qatar: Qatar National Bank
Russia: MDM Bank
Saudi Arabia: Arab National Bank
Singapore: DBS
Slovakia: Tatra Banka
Slovenia: Nova Ljubljanska Banka
South Africa: Standard Bank
South Korea: Korea Exchange Bank
Spain: Banco Santander Central Hispano
Sweden: Svenska Handelsbanken
Switzerland: UBS
Taiwan: Chinatrust Commercial Bank
Thailand: Bangkok Bank
Turkey: Akbank
United Arab Emirates: National Bank of Dubai
Ukraine: Privatbank
United Kingdom: HSBC
United States: Citigroup
(Honorable Mention: JPMorgan Chase and The Bank of New York).
Venezuela: Banco Mercantil

Best Foreign Exchange Research
THE BANK OF NEW YORK
Best Online Forex Trading Systems
Best Bank System: State Street's FX Connect (Honorable Mention: UBS)
Best Independent: FXall (Honorable Mention: Currenex)
The Bank of New York