HSBC is the market leader in global trade finance, according to the Euromoney Trade Finance Survey 2018.
The magazine based its findings on a poll of more than 7,000 businesses engaged in international trade, asking them to rank the top providers of trade finance. It is the first time that the bank has taken first place in the annual poll.
The survey also revealed HSBC to be the leading trade bank in Latin America and the Middle East, as well as in Argentina, Bangladesh, Hong Kong, India, Mexico, Qatar, Singapore, UAE, UK, US and Vietnam.
Natalie Blyth, Head of Global Trade and Receivables Finance (GTRF), HSBC, said: “I am delighted that we have been recognised for the first time by our clients as the world’s number one trade finance bank.
“Trade is changing fast and it is our responsibility as the industry leader to anticipate our clients’ needs and provide first-class working capital solutions and client service. We must grasp this opportunity to extend our reach and leadership in 2018, and continue to put clients at the heart of everything we do.”
Note to editors:
The Euromoney Trade Finance Survey is designed to give the readers valuable information on the
global trade finance market and the opportunity to rank trade finance providers across a selection of categories and an overall global ranking of providers as rated by their clients. The results of the 2018 survey show the sustained presence of the global trade finance bank, and the rising influence of
regional institutions. This year the survey saw the largest number of banks nominated, with 390 institutions from around the world receiving votes, compared with 198 last year.
HSBC Holdings plc
HSBC Holdings plc, the parent company of the HSBC Group, is headquartered in London. The Group serves customers worldwide from around 3,900 offices in 67 countries and territories in Europe, Asia, North and Latin America, and the Middle East and North Africa. With assets of US$2,526bn at 30 September 2017, HSBC is one of the world’s largest banking and financial services organisations.