Trade Finance Survey 2021
HSBC takes the top spot in Euromoney’s Trade Finance Survey for the fourth year in a row
HSBC has once again retained the top spot in Euromoney’s Trade Finance Survey for 2021. German lender Deutsche Bank maintains its second-placed ranking while Citi regained its third-place position from last year’s holder UniCredit.
The top 10 ranking had one new entrant, ING Group, with the Dutch bank moving from 15th place to seventh. Heading in the other direction was Commerzbank, which slipped from fifth place to ninth.
HSBC also took the top spot in Asia-Pacific and North America, while Citi dominated in Africa and Latin America. HSBC ceded the top spot in the Middle East to Mashreqbank, which jumped from seventh place. Other regional winners included Deutsche Bank, which topped the ranking for Western Europe, and UniCredit, which was ranked number one for CEE.
“As the world’s leading trade bank, we’re ensuring our investments in skills, digital capabilities and product innovation are driving the transformation of the industry,” Andy Wild, interim global head of trade and receivables finance at HSBC, tells Euromoney.
“However, to win this award for a record fourth consecutive year is ultimately testament to our teams’ unwavering focus on customers and to getting things done – even in the midst of a global pandemic.”