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Trade Finance Survey

Trade Finance Survey 2021

Find out which banks in Asia rank top in the Euromoney-Asiamoney Trade Finance Survey 2021

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
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