Deutsche Bank, Citi and SMBC remained the top players, with DBS rejoining the top ranks after a one year hiatus.
This year’s poll saw 10,394 valid responses, 9,534 of which were from corporates and the remaining 860 from financial institutions.
In the Corporates Poll, Deutsche Bank was voted as the best bank in the small and large categories while Citi takes top spot among medium corporates. HSBC and Bank of China impress with significant jumps in the Corporates Poll further down the ranks.
In the Financial Institutions (FIs) Poll, DBS knocked out last year’s winner BNY Mellon to win both the small and medium categories while SMBC successfully defended its position as the top bank among large FIs. Malaysian banks CIMB and Maybank show they’re a force to be reckoned with by advancing in the FI ranks.
As in previous years, senior treasury and finance executives in listed companies, multinationals, small-and-medium enterprises and unlisted companies voted in the corporates questionnaire, while individuals responsible for cash management or correspondent banking within financial institutions across Asia Pacific completed the FI questionnaire.
The results are as follows:
| Best global cash management banks across all categories |
|
Best global cash management services - as voted by financial institutions |
||||
| <US$100m (Small) |
US$101m-500m (Medium) |
>US$500m (Large) |
|
<US$100m (Small) |
US$101m-500m (Medium) |
>US$500m (Large) |
| Deutsche Bank |
Citi |
Deutsche Bank |
|
DBS |
DBS |
SMBC |
| Best local cash management bank - as voted by corporates |
|||
| Annual sales turnover |
<US$100m (Small) |
US$101m-500m (Medium) |
>US$500m (Large) |
| Australia |
ANZ |
ANZ |
ANZ |
| China |
China Merchants Bank |
China Merchants Bank |
China Merchants Bank |
| Hong Kong |
HSBC |
Standard Chartered |
Standard Chartered |
| India |
Kotak |
Kotak |
Kotak |
| Indonesia |
BNI 46 |
BNI 46 |
BNI 46 |
| Japan |
SMBC |
SMBC |
Mizuho |
| Malaysia |
CIMB |
Public Bank |
CIMB |
| Singapore |
UOB |
UOB |
UOB |
| Taiwan |
Cathay United Bank |
Fubon |
Fubon |
| Thailand |
Siam Commercial Bank |
Siam Commercial Bank |
Siam Commercial Bank |
| Vietnam |
Eximbank |
Vietcombank |
N.A. |
| Best local currency cash management services - as voted by financial institutions |
|||
| Currency |
Winning Bank |
Currency |
Winning Bank |
| AUD |
NAB |
MYR |
CIMB |
| RMB |
Bank of China |
PHP |
ANZ, Deutsche Bank |
| HKD |
DBS |
SGD |
UOB |
| INR |
Deutsche Bank |
TWD |
CTBC |
| IDR |
Bank Permata |
THB |
Siam Commercial Bank |
| JPY |
SMBC |
VND |
Vietcombank |
| KRW |
KEB |
|
|
Further results and commentary will be featured in the September issue Asiamoney. Extended rankings will be available online at www.globalcapital.com/asia
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, at gareth.fox@asiamoney.com