Euromoney’s cash management survey: The best international cash management provider 2009
|Cash management 2009:
Top 5 banks overall in the global rankings
Euromoney’s 2009 cash management survey had more than 13,300 valid respondents, an increase of over 100% from 2008.
The estimated aggregate gross sales of companies in the survey is $14.4 trillion.
Citi hangs onto its position as the leading global provider of cash management services, ahead of HSBC and Deutsche Bank.
Regional and multi-regional models of transaction banking are a reality check for global banks. This is partly due to increased awareness of counterparty and concentration risk, as well as reduced bank lending.
* * * * * * *
Citi retains its position as the leading global provider of cash management services, winning for the third consecutive year. Citi’s dominance in the Euromoney poll proves that its model remains robust. Citi has strength in every regional market in the world, but the bank has lost its pole position in a number of areas such as Asia ex-Japan, Japan, the Middle East and Australia.