The survey recognises the leading providers of trade finance products and services. This year we collected 11,173 valid responses.
The survey was divided into quantitative and qualitative sections. Clients across the world were surveyed on their use of trade finance services and asked to nominate their top providers. A provider with the greatest market share globally, regionally and locally was designated a Market Leader. Clients were also asked to assess the quality of service delivered by their providers. The providers receiving top assessments globally, regionally and locally within several categories and provisions of service earned a Best Service award.
In the case of ’Asian Banks’ rankings, international banks have been excluded from the results to reveal the Asian providers who have excelled.
Asia market leaders rankings
–
+ Market Leaders
+ Market Leaders (Asian Banks)
Asia Pacific |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | 3 | Standard Chartered |
| 4 | 5 | Citi |
| 5 | 4 | BNP Paribas |
| 6 | 7 | DBS Bank |
| 7 | 6 | Bank of China |
| 8 | 15 | JPMorgan |
| 9 | - | Santander Group |
| 10 | - | SMBC |
Bangladesh |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Standard Chartered |
| 3 | - | Mashreqbank |
| 4 | - | Citi |
| 5 | - | Commerzbank |
China |
||
| 2021 | 2020 | Bank |
| 1 | 2 | Deutsche Bank |
| 2 | 1 | HSBC |
| 3 | 3 | Bank of China |
| 4 | 5 | ICBC |
| 5 | 6 | Citi |
Hong Kong SAR |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | 5 | DBS Bank |
| 4 | - | United Overseas Bank |
| 5 | 4 | Standard Chartered |
India |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | 4 | HDFC Bank |
| 4 | 3 | Citi |
| 5 | 9 | ICICI Bank |
Indonesia |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | 6 | Bank Mandiri |
| 4 | 3 | Bank Central Asia |
| 5 | - | BNI 46 |
Malaysia |
||
| 2021 | 2020 | Bank |
| 1 | 3 | HSBC |
| 2 | 1 | Deutsche Bank |
| 3 | 2 | Maybank |
| 4 | - | Standard Chartered |
| 5 | - | Hong Leong Bank |
Philippines |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | 5 | BDO Unibank |
| 4 | - | Citi |
| 5 | 3 | Metrobank |
Singapore |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 3 | Deutsche Bank |
| 3 | 2 | DBS Bank |
| 4 | 5 | United Overseas Bank |
| 5 | 7 | OCBC Bank |
South Korea |
||
| 2021 | 2020 | Bank |
| 1 | 2 | Deutsche Bank |
| 2 | 1 | HSBC |
| 3 | - | Woori Bank |
| 4 | - | Shinhan Bank |
| 5 | 5 | KEB Hana Bank |
Sri Lanka |
||
| 2021 | 2020 | Bank |
| 1 | 4 | HSBC |
| 2 | 2 | Standard Chartered |
| 3 | - | Citi |
| 4 | 3 | Deutsche Bank |
| 5 | 1 | Hatton National Bank |
Taiwan |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | - | Citi |
| 4 | - | Mega International Commercial Bank |
| 5 | - | CTBC |
Thailand |
||
| 2021 | 2020 | Bank |
| 1 | 1 | Deutsche Bank |
| 2 | 2 | HSBC |
| 3 | - | Citi |
| 4 | 5 | Bangkok Bank |
| 5 | 3 | Kasikornbank |
Vietnam |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | - | Vietcombank |
| 4 | - | VietinBank |
| 5 | - | BNP Paribas |
Asia Pacific |
|
| 2021 | Bank |
| 1 | DBS Bank |
| 2 | Bank of China |
| 3 | SMBC |
| 4 | State Bank of India |
| 5 | ICICI Bank |
| 6 | China Construction Bank |
| 7 | ICBC |
| 8 | HDFC Bank |
| 9 | Axis Bank |
| 10 | MUFG |
China |
|
| 2021 | Bank |
| 1 | Bank of China |
| 2 | ICBC |
| 3 | Shanghai Pudong Development Bank |
| 4 | China Construction Bank |
| 5 | China Merchants Bank |
Hong Kong SAR |
|
| 2021 | Bank |
| 1 | DBS Bank |
| 2 | United Overseas Bank |
| 3 | China Construction Bank |
| 4 | Bank of China (Hong Kong) |
| 5 | Dah Sing Bank |
India |
|
| 2021 | Bank |
| 1 | HDFC Bank |
| 2 | ICICI Bank |
| 3 | Axis Bank |
| 4 | State Bank of India |
| 5 | DBS Bank |
Indonesia |
|
| 2021 | Bank |
| 1 | Bank Mandiri |
|
|
|
| 2 | Bank Central Asia |
| 3 | BNI 46 |
| 4 | OCBC Bank |
| 5 | DBS Bank |
Malaysia |
|
| 2021 | Bank |
| 1 | Maybank |
| 2 | Hong Leong Bank |
| 3 | CIMB |
| 4 | RHB Bank |
| 5 | United Overseas Bank |
Philippines |
|
| 2021 | Bank |
| 1 | BDO Unibank |
| 2 | Metrobank |
| 3 | Bank of the Philippine Islands |
| 4 | Union Bank of the Philippines |
Singapore |
|
| 2021 | Bank |
| 1 | DBS Bank |
| 2 | United Overseas Bank |
| 3 | OCBC Bank |
| 4 | Maybank |
South Korea |
|
| 2021 | Bank |
| 1 | Woori Bank |
| 2 | Shinhan Bank |
| 3 | KEB Hana Bank |
| 4 | Hana Financial Group |
| 5 | KB Kookmin Bank |
Thailand |
|
| 2021 | Bank |
| 1 | Bangkok Bank |
| 2 | Kasikornbank |
| 3 | Siam Commercial Bank |
Vietnam |
|
| 2021 | Bank |
| 1 | Vietcombank |
| 2 | VietinBank |
| 3 | BIDV |
| 4 | MUFG |
| 5 | Techcombank |
Asia best services rankings
–
+ Best Services
+ Best Services (Asian Banks)
Asia Pacific |
||
Overall |
||
| 2021 | 2020 | Bank |
| 1 | 2 | HSBC |
| 2 | 1 | Deutsche Bank |
| 3 | 3 | BNP Paribas |
| 4 | 4 | DBS Bank |
| 5 | 6 | Standard Chartered |
| 6 | 5 | Citi |
| 7 | - | HDFC Bank |
| 8 | - | ICICI Bank |
| 9 | 7 | Bank of China |
| 10 | - | State Bank of India |
Bangladesh |
||
| 2021 | 2020 | Bank |
| 1 | - | Mashreqbank |
| 2 | 1 | HSBC |
| 3 | - | Commerzbank |
| 4 | 2 | Standard Chartered |
| 5 | - | Eastern Bank Limited |
China |
||
| 2021 | 2020 | Bank |
| 1 | 1 | Deutsche Bank |
| 2 | 2 | HSBC |
| 3 | 5 | Bank of China |
| 4 | 4 | China Construction Bank |
| 5 | 3 | ICBC |
Hong Kong SAR |
||
| 2021 | 2020 | Bank |
| 1 | 2 | Deutsche Bank |
| 2 | 1 | HSBC |
| 3 | 4 | Standard Chartered |
| 4 | - | Bank of China (Hong Kong) |
| 5 | 3 | DBS Bank |
India |
||
| 2021 | 2020 | Bank |
| 1 | 2 | HSBC |
| 2 | 1 | BNP Paribas |
| 3 | - | DBS Bank |
| 4 | 3 | Deutsche Bank |
| 5 | 6 | Standard Chartered |
Indonesia |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | - | DBS Bank |
| 3 | - | Deutsche Bank |
| 4 | - | Citi |
| 5 | 3 | Bank Mandiri |
Malaysia |
||
| 2021 | 2020 | Bank |
| 1 | 2 | HSBC |
| 2 | - | OCBC Bank |
| 3 | 1 | Deutsche Bank |
| 4 | - | Hong Leong Bank |
| 5 | - | Citi |
Philippines |
||
| 2021 | 2020 | Bank |
| 1 | 1 | Deutsche Bank |
| 2 | - | Standard Chartered |
| 3 | 2 | HSBC |
| 4 | - | Citi |
| 5 | 3 | BDO Unibank |
Singapore |
||
| 2021 | 2020 | Bank |
| 1 | 1 | HSBC |
| 2 | 2 | Deutsche Bank |
| 3 | 3 | DBS Bank |
| 4 | - | BNP Paribas |
| 5 | 6 | Citi |
South Korea |
||
| 2021 | 2020 | Bank |
| 1 | 2 | HSBC |
| 2 | 1 | Deutsche Bank |
| 3 | 4 | KEB Hana Bank |
| 4 | - | Hana Financial Group |
| 5 | - | Woori Bank |
Sri Lanka |
||
| 2021 | 2020 | Bank |
| 1 | 1 | Hatton National Bank |
| 2 | 2 | Deutsche Bank |
| 3 | 3 | HSBC |
| 4 | 5 | Standard Chartered |
| 5 | - | Citi |
Taiwan |
||
| 2021 | 2020 | Bank |
| 1 | - | Deutsche Bank |
| 2 | 1 | HSBC |
| 3 | - | Mega International Commercial Bank |
Thailand |
||
| 2021 | 2020 | Bank |
| 1 | 1 | Deutsche Bank |
| 2 | 2 | HSBC |
| 3 | 3 | Kasikornbank |
| 4 | 5 | Bangkok Bank |
| 5 | 4 | Siam Commercial Bank |
Vietnam |
||
| 2021 | 2020 | Bank |
| 1 | 2 | HSBC |
| 2 | 1 | Deutsche Bank |
| 3 | - | Vietcombank |
| 4 | - | MUFG |
| 5 | - | BNP Paribas |
Asia Pacific |
|
Overall |
|
| 2021 | Bank |
| 1 | DBS Bank |
| 2 | HDFC Bank |
| 3 | ICICI Bank |
| 4 | Bank of China |
| 5 | State Bank of India |
China |
|
| 2021 | Bank |
| 1 | Bank of China |
| 2 | China Construction Bank |
| 3 | ICBC |
Hong Kong SAR |
|
| 2021 | Bank |
| 1 | Bank of China (Hong Kong) |
| 2 | DBS Bank |
| 3 | Dah Sing Bank |
India |
|
| 2021 | Bank |
| 1 | DBS Bank |
| 2 | ICICI Bank |
| 3 | HDFC Bank |
Indonesia |
|
| 2021 | Bank |
| 1 | DBS Bank |
| 2 | Bank Mandiri |
| 3 | BNI 46 |
Malaysia |
|
| 2021 | Bank |
| 1 | OCBC Bank |
| 2 | Hong Leong Bank |
| 3 | AmBank |
Philippines |
|
| 2021 | Bank |
| 1 | BDO Unibank |
| 2 | Metrobank |
| 3 | Bank of the Philippine Islands |
Singapore |
|
| 2021 | Bank |
| 1 | DBS Bank |
| 2 | Maybank |
| 3 | OCBC Bank |
South Korea |
|
| 2021 | Bank |
| 1 | KEB Hana Bank |
| 2 | Hana Financial Group |
| 3 | Woori Bank |
Thailand |
|
| 2021 | Bank |
| 1 | Kasikornbank |
| 2 | Bangkok Bank |
| 3 | Siam Commercial Bank |
Vietnam |
|
| 2021 | Bank |
| 1 | Vietcombank |
| 2 | MUFG |
| 3 | VietinBank |