Awards for Excellence: Asia
Best bank: HongkongBank
Best consumer bank: Citibank
Best cash-management bank: Citibank
Best treasury: HSBC Markets
Best sub-custodian: HongkongBank
Best trade-finance bank: HongkongBank
Best securities firm: Jardine Fleming
In these difficult times, Euromoney's best bank in Asia is, appropriately, a bank that has been operating there for over 130 years and has seen the odd regional problem before. With 680 branches across Asia - the biggest network of any bank - HongkongBank has a reputation among its clients for stability. Above all, it is admired for its reluctance to cut its credit lines to good clients that have fallen on hard times.
It understands the region, as do those who sit in London managing HSBC group - HongkongBank's parent - if only because they have spent the bulk of their careers with HongkongBank in Asia too. That tends to mean that HongkongBank rarely suffers from the knee-jerk reactions of European and US banks.
Meanwhile Citibank is quite simply the benchmark for retail banking in Asia.