14 January 2020

HSBC SG named Best Trade Finance Bank for 3rd year running

HSBC Singapore Global Trade and Receivables Finance (GTRF) has been voted Best Trade Finance Bank and Best Service Bank in Singapore by clients in the annual Euromoney Trade Finance Survey1, topping the charts in both categories for a third year running.


Clinching the top spots for the third year in a row, Iain Morrison, Head of GTRF, HSBC Singapore, said: “Our clients are operating in an increasingly challenging market which, for many, is underpinned by uncertainty. Holding on to the top spot in these two categories is testament to the hard work of our team in consistently advising and delivering for our clients.”

Contributing towards its success, HSBC Singapore has continued to invest in its digital trade agenda, executing the first fully paperless trade transaction.2 GTRF also has bolstered its client service offering, adding to its people bench strength3 and deepening its client engagements through an increase in unique customer education events.

Further afield, the Euromoney Poll also named HSBC as Best Global Trade Bank and put the Bank into first place in five regions and several markets.

The financial services magazine canvassed more than 7,000 businesses involved in global commerce for its annual poll.

Further information can be found at the Euromoney Trade Finance Survey 2020: Press Release.

1 https://www.euromoney.com/article/b1jt6wp9l6lbrs/trade-finance-survey-2020

2 HSBC News Release: Industry first fully integrated paperless trade transaction. 13 August 2019.

3 HSBC Singapore builds on position as #1 trade bank with senior appointment. 6 May 2019.