Revealing the best transaction banks in South Asia, MENA

This year’s Triple A Treasury, Trade, Supply Chain and Risk Management Awards examines and honours the banks able to proactively understand client pain points

THE push towards digitalization was one of the major pillars underpinning transaction banking activity in South Asia over the past year. With countries such as India striving for an increase in automation and in electronic transactions, companies have had to keep pace with the changing times.

Supply chain finance, as in previous years, continued to be a major service offered by banks in the region with companies looking to support counterparties along the value chain.

This year’s Triple A Treasury, Trade, Supply Chain and Risk Management Awards examines and honours the banks able to proactively understand client pain points.

In the first in the series of award announcements for best service providers across the region, Standard Chartered is honoured as the Best in treasury and cash management, South Asia. And Deutsche Bank wins the honours as Best bank in working capital and trade finance, South Asia.

In India, Deutsche Bank wins several key awards including Best service provider, transaction bank; Best service provider, trade finance; Best service provider, liquidity management; Best service provider, risk management; and Best in treasury and working capital, multinational corporations (MNCs) and large local corporates (LLCs). The bank has been cited by some clients for its implementation process for key projects in the country. Moreover, the bank is credited as being able to carry out complex structured trade finance transactions in a tight timeframe.

Also in India, Standard Chartered is honoured as Best service provider, cash management; and Best service provider, supply chain solutions. Its supply chain team was highlighted for being able to carry out meaningful solutions for a company’s suppliers and distributors. The bank was able to onboard 200 suppliers of one of its India-based clients in less than two weeks.

BNP Paribas wins Best service provider, e-solutions partner, India, being able to leverage on its systems such as Connexis and Netp@y to offer clients a more seamless banking experience.

Local banks in India were also honoured in the awards. HDFC defended its title as Best in treasury and working capital, SMEs, India. And Kotak Mahindra Bank was honoured with Best in treasury and working capital, non-bank finance institutions (NBFIs), India; and Best in treasury and working capital, public sector, India.

In Bangladesh, Standard Chartered won a complete sweep of the awards in every category: Best in treasury and working capital, MNCs/LLCs; Best in treasury and working capital, SMEs; Best service provider, cash management; Best service provider, trade finance; Best service provider, risk management; and Best service provider, e-solutions partner. The bank also wins the Best service provider, e-solutions bank, Pakistan.

In Sri Lanka, Deutsche Bank notches up accolades as the Best in treasury and working capital, LLCs; Best service provider, cash management; and Best service provider, e-solutions partner.

In MENA (Middle East and North Africa), Standard Chartered is likewise a big winner with the accolades for Best in treasury and cash management, as well as Best in working capital and trade finance. The bank continues to have a strong presence on the ground in the Middle East providing financing and liquidity support.

For the list of South Asia and MENA winners, please click here.

The Asset is hosting the 4th Asia Treasury & Trade Summit in April. For more information please click here.

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Date

16 Mar 2018

Channel

Awards

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