BNP Paribas has received top recognition in several categories in the 2017 Greenwich Quality Leader & Excellence Awards for Asian Large Corporate Trade Finance, recognising the Bank’s capability in traditional trade, commodity trade and supply chain finance in the region.
Based on interviews conducted from April to June in 2017 with 578 large Asian corporates (Asia-based and foreign subsidiaries) with annual revenues of US$500 million or more across China, Hong Kong, India, Indonesia, Malaysia, the Philippines, Singapore, South Korea, Taiwan, Thailand and Vietnam, BNP Paribas was recognised in the following categories:
Greenwich Quality Leader
- #1 Quality Leader in Asian Large Corporate Trade Finance
- #1 Quality Leader in Large Corporate Trade Finance in China, Singapore, South Korea and Southeast Asia
Greenwich Excellence Awards
- Quality of Advice
- Speed of Error Correction
- Effectiveness in Reducing Paperwork
Greenwich Share Awards (market penetration)
- #3* in Asia
- #2* in Singapore
- #3* in Hong Kong
- #3 in Southeast Asia
BNP Paribas Head of Transaction Banking Asia Pacific, Wee Chye Kin said: “I’m particularly proud that we ranked number one in areas where that our clients cite directly as being important to their trade banking relationships – advisory capability, effectiveness in reducing paperwork and fixing errors quickly.
“We continue to work hard on improving our delivery to clients in Asia Pacific and within our extensive global network. Trade Finance is important to the real economy and our bank, so we are pleased by this recognition from our clients,” said Mr Wee.
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About BNP Paribas in Asia Pacific
In Asia Pacific, BNP Paribas is one of the best-positioned international financial institutions with an uninterrupted presence since 1860. Currently with over 10,000 employees* and a presence in 14 markets, BNP Paribas provides corporates, institutional and private investors with product and service solutions tailored to their specific needs. It offers a wide range of financial services covering corporate & institutional banking, wealth management, asset management, insurance, as well as retail banking and consumer financing through strategic partnerships.
Worldwide, BNP Paribas has a presence in 74 countries with more than 190,000 employees. It has key positions in its three main activities: Domestic Markets and International Financial Services (whose retail-banking networks and financial services are covered by Retail Banking & Services) and Corporate & Institutional Banking, which serves two client franchises: corporate clients and institutional investors. Asia Pacific is a key strategic region for BNP Paribas and it continues to develop its franchise in the region.
* excluding partnerships