Trade Finance Survey 2023

Asiamoney is part of the Delinian Group, Delinian Limited, 4 Bouverie Street, London, EC4Y 8AX, Registered in England & Wales, Company number 00954730

Copyright © Delinian Limited and its affiliated companies 2024

Accessibility | Terms of Use | Privacy Policy | Modern Slavery Statement

Trade Finance Survey 2023

The 2023 Euromoney-Asiamoney Trade Finance Survey identifies the leading providers of trade finance products and services in Asia

The survey recognises the leading providers of trade finance products and services. This year we collected 12,008 valid responses.

The survey was divided into quantitative and qualitative sections. Clients across the world were surveyed on their use of trade finance services and asked to nominate their top providers. A provider with the greatest market share globally, regionally and locally was designated a Market Leader.

Clients were also asked to assess the quality of service delivered by their providers. The providers receiving top assessments globally, regionally and locally within several categories and provisions of service earned a Best Service award.

In the case of Asian Banks rankings, international banks were excluded from the results to reveal the Asian providers who have excelled.

Asia market leaders rankings

+ Market Leaders
+ Market Leaders (Asian Banks)

Asia

2023 2022 Bank
1 1 HSBC
2 2 Deutsche Bank
3 5 Standard Chartered
4 4 Citi
5 3 DBS Bank
6 9 Bank of China
7 10 ICICI Bank
8 - BRI
9 7 BNP Paribas
10 15 United Overseas Bank
     

Bangladesh

2023 2022 Bank
1 2 HSBC
2 1 Standard Chartered
3 3 Mashreqbank
     

China

2023 2022 Bank
1 1 HSBC
2 3 Deutsche Bank
3 4 Bank of China
     

Hong Kong SAR

2023 2022 Bank
1 1 HSBC
2 2 DBS Bank
3 4 Bank of China (Hong Kong)
     

India

2023 2022 Bank
1 1 HSBC
2 2 Deutsche Bank
3 3 HDFC Bank
     

Indonesia

2023 2022 Bank
     
1 - BRI
2 1 HSBC
3 5 Bank Mandiri
     

Malaysia

2023 2022 Bank
1 1 HSBC
2 3 Deutsche Bank
3 2 Maybank
     

Pakistan

2023 2022 Bank
1 3 Citi
2 1 Standard Chartered
     

Philippines

2023 2022 Bank
1 1 HSBC
2 2 Deutsche Bank
3 8 BDO Unibank
     

Singapore

2023 2022 Bank
1 2 DBS Bank
2 1 HSBC
3 5 United Overseas Bank
     

South Korea

2023 2022 Bank
1 1 Deutsche Bank
2 2 HSBC
3 3 Woori Bank
     

Sri Lanka

2023 2022 Bank
1 4 Hatton National Bank
2 1 HSBC
3 7 Sampath Bank
     

Taiwan

2023 2022 Bank
1 1 HSBC
2 2 DBS Bank
3 4 Mega International Commercial Bank
     

Thailand

2023 2022 Bank
1 3 HSBC
2 2 Deutsche Bank
3 1 Bangkok Bank
     

Vietnam

2023 2022 Bank
1 1 HSBC
2 4 Vietcombank
3 2 Deutsche Bank
     

Asia

2023 Bank
1 DBS Bank
2 Bank of China
3 ICICI Bank
4 BRI
5 United Overseas Bank
6 HDFC Bank
7 OCBC Bank
8 ICBC
9 State Bank of India
10 MUFG
   

China

2023 Bank
1 Bank of China
2 ICBC
3 DBS Bank
   

Hong Kong SAR

2023 Bank
1 DBS Bank
2 Bank of China (Hong Kong)
3 ICBC
   

India

2023 Bank
1 HDFC Bank
2 ICICI Bank
3 Axis Bank
   

Indonesia

2023 Bank
1 BRI
2 Bank Mandiri
3 DBS Bank
   

Malaysia

2023 Bank
   
1 Maybank
2 CIMB
3 Hong Leong Bank
   

Philippines

2023 Bank
1 BDO Unibank
2 Bank of Philippine Islands
3 Security Bank
   

Singapore

2023 Bank
1 DBS Bank
2 United Overseas Bank
3 OCBC Bank
   

South Korea

2023 Bank
1 Woori Bank
2 Shinhan Bank
3 Hana Financial Group
   

Sri Lanka

2023 Bank
1 Hatton National Bank
2 Sampath Bank
3 Bank of Ceylon
   

Taiwan

2023 Bank
1 DBS Bank
2 Mega International Commercial Bank
3 First Commercial Bank
   

Thailand

2023 Bank
1 Bangkok Bank
2 Kasikornbank
3 Siam Commercial Bank
   

Vietnam

2023 Bank
1 Vietcombank
2 VietinBank
3 Techcombank
   

Asia best services rankings

+ Best Services
+ Best Services (Asian Banks)
Asia (Overall)
2023 2022 Bank
1 1 HSBC
2 2 DBS Bank
3 3 Deutsche Bank
     

Bangladesh

2023 2022 Bank
1 2 Mashreqbank
2 1 HSBC
3 - Commerzbank
     

China

2023 2022 Bank
1 1 Deutsche Bank
2 3 HSBC
3 2 DBS Bank
     

Hong Kong SAR

2023 2022 Bank
1 2 HSBC
2 1 Deutsche Bank
3 6 Citi
     

India

2023 2022 Bank
1 1 HSBC
2 2 Deutsche Bank
3 6 ICICI Bank
     

Indonesia

2023 2022 Bank
1 3 DBS Bank
2 1 HSBC
3 - BRI
     

Malaysia

2023 2022 Bank
1 5 Deutsche Bank
2 2 HSBC
3 3 Citi
     

Pakistan

2023 2022 Bank
1 - Citi
2 - Standard Chartered
3 - Deutsche Bank
     

Philippines

2023 2022 Bank
1 1 Deutsche Bank
2 2 HSBC
3 5 Metrobank
     

Singapore

2023 2022 Bank
1 1 HSBC
2 4 OCBC Bank
3 3 DBS Bank
     

South Korea

2023 2022 Bank
1 2 Deutsche Bank
2 1 HSBC
3 - KEB Hana Bank
     

Sri Lanka

2023 2022 Bank
1 7 Hatton National Bank
2 1 Deutsche Bank
3 3 HSBC
     

Taiwan

2023 2022 Bank
1 1 DBS Bank
2 - Cathay United Bank
3 - Citi
     

Thailand

2023 2022 Bank
1 1 Deutsche Bank
2 7 MUFG
3 2 HSBC
     

Vietnam

2023 2022 Bank
1 1 HSBC
2 2 Deutsche Bank
3 6 Vietcombank
     

Asia

2023 Bank
1 DBS Bank
2 United Overseas Bank
3 Bank of China
   

China

2023 Bank
1 DBS Bank
2 China Merchants Bank
3 Bank of China
   

Hong Kong

2023 Bank
1 DBS Bank
2 Bank of China (Hong Kong)
3 ICBC
   

India

2023 Bank
1 ICICI Bank
2 Axis Bank
3 HDFC Bank
   

Indonesia

2023 Bank
1 DBS Bank
2 BRI
3 United Overseas Bank
   

Malaysia

2023 Bank
1 Public Bank Berhad
2 United Overseas Bank
3 Hong Leong Bank
   

Philippines

2023 Bank
1 Metrobank
2 Bank of Philippine Islands
3 BDO Unibank
   

Singapore

2023 Bank
1 OCBC Bank
2 DBS Bank
3 United Overseas Bank
   

South Korea

2023 Bank
1 KEB Hana Bank
2 Shinhan Bank
3 Hana Financial Group
   

Sri Lanka

2023 Bank
1 Hatton National Bank
2 Seylan Bank
3 DFCC Bank
   

Taiwan

2023 Bank
1 DBS Bank
2 Cathay United Bank
3 Bank of Taiwan
   

Thailand

2023 Bank
1 MUFG
2 TMB Bank
3 Kasikornbank
   

Vietnam

2023 Bank
1 Vietcombank
2 VietinBank
   
Gift this article