The material on this site is for financial institutions, professional investors and their professional advisers. It is for information only. Please read our Terms & Conditions, Privacy Policy and Cookiesbefore using this site. Please see our Subscription Terms and Conditions.

All material subject to strictly enforced copyright laws. © 2022 Euromoney, a part of the Euromoney Institutional Investor PLC.

Asia is the new battleground for European transaction banking

Geopolitical concerns are pushing corporates in Asia to work with European transaction banks.


Asia is the fastest-growing transaction banking market globally, as banks vie for cash and trade business beyond their core remit.

European banks are particular attracted to the region, as corporates based in Asia hope to diversify away from Asian and US banks that may be caught up in the ongoing trade war, says Stefan Hoops, head of Deutsche Bank’s corporate banking division.


Stefan Hoops,
Deutsche Bank

“It might seem a little incongruous, but over the last 12 months, we have won more mandates for American companies based in Asia than for European companies in North America or American companies in Europe,” he says.

According to Deutsche Bank, its Asia-Pacific business with US multinational corporations grew 6% year on year in 2019 and the bank expects similar results in 2020. In comparison, the bank’s growth with European corporates in the same region remained flat.

“I’d argue that within the current context, a US treasurer working in China is much more likely to seek out advice from a European bank in a region where they hope to mitigate risk and diversify their business as the world becomes increasingly polarized between China and the US,” says Hoops.

You have reached premium content. Please log in to continue reading.

Read beyond the headlines with Euromoney

For over 50 years, our readers have looked to Euromoney to stay informed about the issues that matter in the international banking and financial markets. Find out more about our different levels of access below.


Unlimited access to and

Expert comment, long reads and in-depth analysis interviews with senior finance professionals

Access the results of our market-leading annual surveys across core financial services

Access the results of our annual awards, including the world-renowned Awards for Excellence

Your print copy of Euromoney magazine delivered monthly

£73.75 per month

Billed Annually


Unlimited access to and, including our top stories, long reads, expert analysis, and the results of our annual surveys and awards

Sign up to any of our newsletters, curated by our editors


Already a user?