Excellence Awards 2017 - Best Trade Bank in Asia: HSBC

Awards | 1 August 2017

Asia

With almost 3,000 of its trade-related workforce spread throughout 19 countries across the region, Asia continues to be HSBC's largest hub for trade finance.

The bank took a leading role in several notable deals for companies in a variety of industries in Asia last year. HSBC acted as co-mandated lead arranger in a US$45m pre-payment finance for Sinobiz, to support the iron and steel exports of its subsidiary, Tangsteel.

HSBC was also part of a syndicate of five banks that structured an ECA-backed US$333m credit facility for Bangladesh Power Development Board, supporting the government of Bangladesh in its project to increase electricity generation in the country from 12,071MW to 24,000MW by 2021.

"HSBC is honoured to be recognised as the leading trade bank in Asia," said Ajay Sharma, head of global trade and receivables finance, Asia.

"We thank our clients who continue to support us and our employees who have shown immense dedication and commitment. We have recently pioneered the electronic presentation of letters of credit in India and Hong Kong, and will continue to develop solutions to support our clients' needs."

Runners up: Citi and Standard Chartered (14 banks were nominated).

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