HSBC is the market leader in global trade finance, according to the Euromoney Trade Finance Survey 2018.
The magazine based its findings on a poll of more than 7,000 businesses engaged in international trade, asking them to rank the top providers of trade finance. It is the first time that the bank has taken first place in the annual poll.
The survey also revealed HSBC to be the leading trade bank in Latin America and the Middle East, as well as in Argentina, Bangladesh, Hong Kong, India, Mexico, Qatar, Singapore, UAE, UK, US and Vietnam
Natalie Blyth, Head of Global Trade and Receivables Finance (GTRF), HSBC, said: “I am delighted that we have been recognised for the first time by our clients as the world’s number one trade finance bank.
“Trade is changing fast and it is our responsibility as the industry leader to anticipate our clients’ needs and provide first-class working capital solutions and client service. We must grasp this opportunity to extend our reach and leadership in 2018, and continue to put clients at the heart of everything we do.”