Bank of America is the world’s best bank for SMEs for the second year in a row, proving that global scale and local specialisation work hand in hand. The bank’s Global Commercial Banking (GCB) division combines the personalised coverage of a local relationship bank with the balance sheet, technology, sector expertise and international reach of a global financial institution.
BofA’s edge is especially important for SMEs and mid-sized companies whose needs increasingly resemble those of large corporates: cross-border payments, foreign exchange, liquidity management, M&A advice, digital treasury connectivity and access to specialist industry knowledge.
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