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Trade Finance Survey

Trade Finance Survey 2020: Asia results

Find out which banks in Asia rank top in the Euromoney-Asiamoney Trade Finance Survey 2020

The survey recognises the leading providers of trade finance products and services. This year we collected 7,319 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)

APAC

2020 2019 Bank
1 2 HSBC
2 1 Deutsche Bank
3 3 Standard Chartered
4 8 BNP Paribas
5 7 Citi
6 10 Bank of China
7 6 DBS Bank
8 14 ICICI Bank
9 - Woori Bank
10 22 State Bank of India
 

Bangladesh

2020 2019 Bank
1 1 HSBC
2 2 Standard Chartered
3 - Eastern Bank

China

2020 2019 Bank
1 2 HSBC
2 1 Deutsche Bank
3 3 Bank of China

Hong Kong SAR

2020 2019 Bank
1 1 HSBC
2 4 Deutsche Bank
3 2 Bank of China

India

2020 2019 Bank
1 1 HSBC
2 2 Deutsche Bank
3 3 Citi

Indonesia

2020 2019 Bank
1 1 HSBC
2 2 Deutsche Bank
3 3 Bank Central Asia

Japan

2020 2019 Bank
1 - HSBC

Malaysia

2020 2019 Bank
1 1 Deutsche Bank
2 3 Maybank
3 2 HSBC

Philippines

2020 2019 Bank
1 1 HSBC
2 2 Deutsche Bank
3 3 Metrobank

Singapore

2020 2019 Bank
1 1 HSBC
2 3 DBS Bank
3 2 Deutsche Bank

South Korea

2020 2019 Bank
1 - HSBC
2 1 Deutsche Bank
3 - Shinhan Bank

Sri Lanka

2020 2019 Bank
1 1 Hatton National Bank
2 2 Standard Chartered
3 4 Deutsche Bank

Taiwan

2020 2019 Bank
1 1 HSBC
2 3 Deutsche Bank

Thailand

2020 2019 Bank
1 1 Deutsche Bank
2 6 HSBC
3 - Kasikornbank

Vietnam

2020 2019 Bank
1 2 HSBC
2 4 Deutsche Bank

APAC

2020 Bank
1 Bank of China
2 DBS Bank
3 ICICI Bank
4 Woori Bank
5 State Bank of India
6 HDFC Bank
7 Mizuho Bank
8 China Construction Bank
9 Axis Bank
10 ICBC
 

Bangladesh

2020 Bank
1 Eastern Bank Limited

China

2020 Bank
1 Bank of China
2 China Construction Bank
3 ICBC

Hong Kong SAR

2020 Bank
1 Bank of China (Hong Kong)
2 DBS Bank

India

2020 Bank
1 HDFC Bank
2 State Bank of India
3 Axis Bank

Indonesia

2020 Bank
1 Bank Central Asia
2 CIMB
3 Bank Negara Indonesia

Malaysia

2020 Bank
1 Maybank

Philippines

2020 Bank
1 Metrobank
2 Bank of the Philippine Islands
3 BDO Unibank

Singapore

2020 Bank
1 DBS Bank
2 United Overseas Bank
3 OCBC Bank

South Korea

2020 Bank
1 Shinhan Bank
2 Woori Bank
3 KEB Hana Bank

Sri Lanka

2020 Bank
1 Hatton National Bank
2 Bank of Ceylon
3 NDB Bank

Thailand

2020 Bank
1 Kasikornbank
2 Siam Commercial Bank
3 Bangkok Bank

Asia best services rankings

Best Services
Best Services (Asian Banks)

Bangladesh

2020 2019 Bank
1 1 HSBC
2 2 Standard Chartered
3 - Eastern Bank

China

2020 2019 Bank
1 1 Deutsche Bank
2 2 HSBC
3 4 ICBC

Hong Kong SAR

2020 2019 Bank
1 2 HSBC
2 1 Deutsche Bank
3 - DBS Bank

India

2020 2019 Bank
1 3 BNP Paribas
2 1 HSBC
3 2 Deutsche Bank

Indonesia

2020 2019 Bank
1 1 HSBC
2 - Bank Central Asia
3 - Bank Mandiri

Japan

2020 2019 Bank
1 - HSBC

Malaysia

2020 2019 Bank
1 1 Deutsche Bank
2 3 HSBC
3 5 Maybank

Philippines

2020 2019 Bank
1 1 Deutsche Bank
2 2 HSBC
3 - BDO Unibank

Singapore

2020 2019 Bank
1 1 HSBC
2 7 Deutsche Bank
3 3 DBS Bank

South Korea

2020 2019 Bank
1 1 Deutsche Bank
2 - HSBC
3 - Shinhan Bank

Sri Lanka

2020 2019 Bank
1 1 Hatton National Bank
2 3 Deutsche Bank
3 2 HSBC

Taiwan

2020 2019 Bank
1 1 HSBC

Thailand

2020 2019 Bank
1 3 Deutsche Bank
2 2 HSBC
3 - Kasikornbank

Vietnam

2020 2019 Bank
1 - Deutsche Bank
2 2 HSBC

APAC

2020 Bank
1 DBS Bank
2 Bank of China
3 ICICI Bank
 

Bangladesh

2020 Bank
1 Eastern Bank Limited

China

2020 Bank
1 ICBC
2 China Construction Bank
3 Bank of China

Hong Kong SAR

2020 Bank
1 DBS Bank
2 Bank of China

India

2020 Bank
1 Kotak Mahindra Bank
2 HDFC Bank
3 ICICI Bank

Indonesia

2020 Bank
1 Bank Central Asia
2 Bank Mandiri

Malaysia

2020 Bank
1 Maybank

Philippines

2020 Bank
1 BDO Unibank
2 Metrobank
3 Bank of the Philippine Islands

Singapore

2020 Bank
1 DBS Bank
2 United Overseas Bank
3 OCBC Bank

South Korea

2020 Bank
1 Shinhan Bank
2 KEB Hana Bank
3 Woori Bank

Sri Lanka

2020 Bank
1 Hatton National Bank
2 Bank of Ceylon
3 NDB Bank

Thailand

2020 Bank
1 Kasikornbank
2 Siam Commercial Bank
3 Bangkok Bank
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