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HSBC tops trade finance poll
30 September 2004
HSBC has taken the top spot in every major category of Asiamoney magazine’s inaugural 2004 Trade Finance Poll to emerge as the Best Trade Finance Bank in Asia.
The poll, published in the September issue of Asiamoney, was conducted among executives of Asian corporations involved in import and export throughout the Asia-Pacific region, and was established to determine which banks are able to meet the demands of their corporate customers in the trade finance arena.
Respondents were asked to rank and rate banks across a series of categories, including best services for all trade needs, best customer support, most competitive pricing and best product range. HSBC was ranked number one in every major category.
The magazine quoted one respondent as saying: “We chose HSBC because we felt that they had a much better worldwide network than their competitors. Plus their staff have more experience comparatively.”
Another respondent said: “HSBC has offered much better opinions on their products to meet our needs than other banks.”
The breadth of the HSBC’s international network gives its clients vital advantages. Many Asian suppliers and big US and European buyers bank with HSBC, enabling them to conduct trade transactions quickly and cost-effectively.
HSBC’s Head of Trade Services Asia-Pacific Alistair Currie said: “Trade service is at the foundation of the bank’s business, and has been since its inception. Today we can deliver a broad range of solutions to clients, from plain vanilla import and export services for SMEs, all the way to providing customised supply chain solutions to large and sophisticated clients.”
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