Deutsche Bank held onto its global trade finance crown for the third year running, but it lost out in some of the regional placings. The 2017 survey attracted nearly double the number of voters compared with 2016.
HSBC and UniCredit managed to knock Deutsche Bank off the top spot in two regional categories – including a ranking Deutsche has won for two years running.
Click here to see full results.
The 2017 survey was open for voting between September 8 and November 4, 2016. Euromoney received 6,306 responses to the 2017 survey. After the data cleaning process, 4,040 responses remained — a 77% increase on 2016.
The survey was split into three parts: the trade-finance provider nominations; the market share splits; and the service category ratings.
Part 1:
Clients nominate their top three trade-finance providers globally, by region and domestically. Providers receive four points for a first place nomination, three points for second place and two points for third. These scores are then summed to produce a ranking.
Part 2:
The average percentage of business each client trades with each provider – globally and by region. Each client gives a percentage of business they trade with each of their providers and this is averaged globally and by each region.
Part 3:
For the individual service categories, the score is the arithmetic mean of the ratings for that category.