NEW YORK, January 20, 2016 – Global Finance magazine has named the 16th annual World’s Best Trade Finance Providers in 9 regions, 84 countries and globally, in an exclusive survey to be published in the February 2016 issue. The honorees were revealed at an awards luncheon at the BAFT Global Annual Meeting in Paris today.
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The editorial review board of Global Finance selected the best trade finance providers based on input from industry analysts, corporate executives and technology experts. In addition, a poll of Global Finance’s readership was conducted in order to increase the accuracy and reliability of the results. Criteria for choosing the winners included: transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.
“As global markets digest slowly improving economic conditions in the US, counterbalanced by the economic slowdown in China and the evolving role of the Chinese consumer, trade dynamics are changing,” said Joseph D. Giarraputo, publisher and editorial director of Global Finance.
“In addition, both trade finance providers and the corporates who use their services are trying to understand how big developments on the regulatory and policy front-including the addition of the Chinese yuan to the IMF’s basket of SDR currencies-will affect their business. Corporates need trade finance partners who can help them adjust nimbly to those changes. With these awards, we aim to identify those partners.”
|Best Bank for Trade Finance||Citi|
|Best Trade Finance Program||EBRD’s Trade Facilitation Program|
|Best Multilateral Institution for Trade Finance||Asian Development Bank|
|Best Bank for Commodity Finance||ABN Amro|
|Best Trade Document Management||HSBC|
|Best Trade Credit Insurance Provider||Euler Hermes|
|Best Bank for Export Finance||Commerzbank|
|Best Bank for Structured Trade Finance||Citi|
|Best Bank for Trade Finance in Emerging Markets||BNP Paribas|
|Best Bank for Trade Finance in Frontier Markets||Standard Chartered|
|Best Pre-Shipment Financing Solution||Standard Chartered|
|North America||Wells Fargo|
|Western Europe||BNP Paribas|
|Central & Eastern Europe||UniCredit|
|Middle East||Arab Bank|
|Angola||Standard Bank Angola|
|Argentina||Banco Santander Río|
|Austria||UniCredit Bank Austria|
|Azerbaijan||International Bank of Azerbaijan|
|Bahrain||Ahli United Bank|
|Cambodia||ANZ Royal Bank|
|Canada||Royal Bank of Canada|
|Chile||Banco Santander Chile|
|China||Bank of China|
|Colombia||Banco de Bogotá|
|Cyprus||Bank of Cyprus|
|Czech Republic||Komerční banka|
|Egypt||Commercial International Bank|
|Georgia||Bank of Georgia|
|Greece||National Bank of Greece|
|Hong Kong||Standard Chartered|
|India||State Bank of India|
|Indonesia||Bank Central Asia|
|Japan||Bank of Tokyo-Mitsubishi UFJ|
|Kenya||CfC Stanbic Bank|
|Kuwait||National Bank of Kuwait|
|Malta||Bank of Valletta|
|Mauritius||Mauritius Commercial Bank|
|Mongolia||Trade and Development Bank of Mongolia|
|Palestine||Bank of Palestine|
|Qatar||Qatar National Bank|
|South Africa||Standard Bank|
|South Korea||KEB Hana|
|UAE||Abu Dhabi Commercial Bank|
|United States||Wells Fargo|
|Uzbekistan||Asia Alliance Bank|
***When referencing this release, please include a link to GFMag.com and a link to coverage of the awards at https://www.gfmag.com/media/press-releases/global-finance-names-worlds-best-trade-finance-providers-2016 as well as the ‘About Global Finance’ paragraph below. Thank you.
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,050 and readers in 180 countries. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Global Finance also targets the 8,000 international portfolio investors responsible for more than 80% of all global assets under professional management.
Its website — GFMag.com — offers analysis and articles that are the heritage of 29 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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