HSBC has taken the top spot for the second year in a row in the global results for Euromoney’s annual trade finance survey.
Deutsche Bank moves into second place, up from third place in 2018, with Citi taking the third spot, up from fifth place last year.
However, one of the biggest changes in position came from JPMorgan, which reached eighth place up from 15th last year, gaining nearly 10 times more points in accordance with Euromoney’s methodology this year compared with 2018.
At the other end of the spectrum, Bank of America Merrill Lynch fell out of the top 10 to 23rd place in this year’s results, compared with 10th place last year, and Société Générale fell from 11th to 21st place.
Regionally, HSBC came out on top in North America and the Middle East, while Deutsche Bank led in Asia-Pacific and Western Europe. Citi and UniCredit took the top spot in Latin America and Central and Eastern Europe respectively.
More than 7,000 corporates across 89 countries took part in the Euromoney Trade Finance Survey 2019.
Deeper analysis of the data will be available online soon.
Banks or clients wanting to view more detailed results and analysis can do so by contacting: