Deutsche Bank, SMBC, BNY Mellon and DBS are the stand-out banks for cash management services across Asia, according to voters in the region’s largest Cash Management Poll to date.
The four banks were respectively voted best by companies or financial institutions of varying annual revenue sizes. Deutsche Bank gained particularly strong support, topping three of the six available regional categories. This follows the bank coming top in two categories in last year’s poll. Citi topped four categories in 2012, but slipped to lower rankings in this year’s survey.
The winners should feel particularly proud of their achievement because this year’s results were based upon the most comprehensive feedback across the region since the poll’s launch. We received 1,278 valid votes from financial institutions and 6,209 responses from corporates.
As in previous years, senior treasury and finance executives in listed companies, multinationals, small-and-medium enterprises and unlisted companies received the ‘corporates’ questionnaire, while individuals responsible for cash management or correspondent banking within financial institutions across Asia-Pacific received the ‘FI’ questionnaire.
The overall results are as follow:
| Best global cash management banks across all categories - as voted by corporates |
|
Best global cash management services - as voted by financial institutions |
||||
| <><>< i=""><US$100m (Small) <> |
US$101m-500m (Medium) |
>US$500m (Large) |
|
<><>< i=""><US$100m (Small) <> |
US$101m-500m (Medium) |
>US$500m (Large) |
| DBS |
Deutsche Bank |
Deutsche Bank |
|
BNY Mellon |
SMBC |
Deutsche Bank |
| Best local cash management bank - as voted by corporates* |
|||
| Annual sales turnover |
<US$100m (Small) <> |
US$101m-500m (Medium) |
>US$500m (Large) |
| China |
China Merchants Bank |
China Merchants Bank |
China Merchants Bank |
| Hong Kong |
HSBC |
HSBC |
Standard Chartered |
| India |
Kotak |
Kotak |
Kotak |
| Indonesia |
Bank Permata |
BNI46 |
BNI46 |
| Japan |
SMBC |
SMBC |
SMBC |
| Korea |
KEB |
KEB |
KEB |
| Malaysia |
CIMB |
CIMB |
CIMB |
| Singapore |
UOB |
DBS |
UOB |
| Taiwan |
Cathay United Bank |
Fubon |
Fubon |
| Thailand |
Siam Commercial Bank |
Kasikornbank |
Siam Commercial Bank |
| Vietnam |
BIDV |
BIDV |
BIDV |
*Results for best local cash management bank by as voted by corporates in Australia and the Philippines were not included due to insufficient votes.
| Best local currency cash management services - as voted by financial institutions* |
|||
| |
Winning Bank |
Currency |
Winning Bank |
| AUD |
NAB |
MYR |
Maybank |
| RMB |
Bank of China |
PHP |
N.A. |
| HKD |
HSBC |
SGD |
UOB |
| INR |
Citi |
TWD |
Chinatrust |
| IDR |
Bank Permata |
THB |
Siam Commercial Bank |
| JPY |
SMBC |
VND |
Vietcombank |
| KRW |
KEB |
*The result of best local currency cash management services in the Philippine peso as voted by financial institutions was not included due to insufficient votes.
Further results and commentary will be featured in the July/August issue of Asiamoney. Extended rankings will be available online at www.asiamoney.com.
For further information regarding the poll, please contact Anthony Chan, Head of Research, on (852) 2912 8077 or anthony.chan@asiamoney.com. For inquiries regarding the full or bespoke results, please contact Gareth Fox, Head of Sales, on +852 3416 6615 or Gareth.fox@euromoneyasia.com