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.
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