In a highly anticipated event held on October 7 2020, the board of editors at The Asset honoured the top transaction banks in Asia through an Oscar-style virtual awards ceremony that saw BNP Paribas come out on top against fierce competition. The bank wins the two top awards Best Transaction Bank and Best ESG Transaction Bank at The Asset Triple A Treasury, Trade, SSC (Sustainable Supply Chain) and Risk Management Awards 2020.
BNP Paribas is also recognized for its impressive work in creating meaningful supply chain finance solutions for several key multinationals and large local corporates in the region. The bank wins the Best Supply Chain Finance Bank and Best in Treasury and Working Capital: MNC/LLCs award from The Asset.
HSBC grabs significant wins at the virtual awards ceremony including Best Treasury & Cash Management in Asia. The bank is named the Best E-Solutions Partner for its efforts in enhancing its technology processes to better serve clients. Whether it be in Mainland China or regionally, HSBC has been a market leader when it comes to crafting key liquidity management solutions. The bank wins the Best Renminbi Liquidity Management Bank and Best Liquidity Management Bank awards.
For Standard Chartered, major awards include the Best Working Capital & Trade Finance Bank in Asia. It is also named the Best Renminbi Bank and Best Fintech Partner in recognition of its work partnering with leading financial technology players and contributing to the development of the renminbi.
Deutsche Bank is again named the Best Structured Trade Finance Bank for its impressive ability to execute complex solutions, particularly in China and India. The bank is Best in Treasury Working Capital – NBFIs and Best in Treasury and Working Capital – New Economy for its work with non-bank financial institutions (NBFIs) and new age companies.
A frequent winner of this highly competitive regional award, DBS again wins Best in Treasury and Working Capital – SME (small and medium enterprise) for its commitment to support the frequently underserved SME segment with game-changing solutions.
Fellow Singapore-based bank UOB wins for the first time The Asset Triple A’s Best in Treasury and Working Capital – Emerging Corporates award in honour of the bank’s service in supporting businesses with ambitious growth aspirations to become local or regional leaders in Asia.
The virtual awards ceremony, which was attended by more than 700 participants around the globe, featured several in-depth interviews with leading treasury professionals operating in the region, providing a window into the challenges overcome by these individuals and teams over the past year. Visualization and animations were also used to highlight some of the impactful solutions presented to The Asset’s board of editors.
To see the list of regional winners please go here.
Learn more about these awards and see past winners please go here.