Not only did we receive more than 500 votes, but additional evidence of trade finance in action on the ground has all helped reveal a medals table based on client feedback and actual trade flows
The final results take a 75% weighting of the votes cast and each was examined closely for eligibility. In a new development on previous years, the detail and quality of the testimonial comments in the open sections of the questionnaire gave weight to the voting - it was very helpful to see evidence of impacts and outcomes the nominated organisation had delivered.
The remaining 25% weighting was applied by the editor and was based feedback from the marketplace, engagement from the institutions nominated, observations of dealflow and general activity and reports on nominations gathered over the last 12 months.
The category for export finance was changed to best financier for export credit agency finance deals. In other words which bank or alternative trade finance provider had, in the voter's opinion, made the best use of ECA guarantees? An important factor in this placing was also the work done by that financier in bringing the parties together and making the deal happen. So it is no surprise that the strong performers in TFR's Deals of the Year 2012 ECA section were dominated the podium.
Another category was also added to celebrate funders of SME exporters and importers.
The table below lists those awarded first, second and third places, and the downloadable PDF in an easy-to-share format also details the highly commended organisations who managed to attract some votes - just not not enough to make it into the top three for that particular category. Full winner profiles will form a special focus in TFR's July/August edition and will appear in www.tfreview.com/awards at the end of July.
All of us here at TFR would like to take this opportunity to congratulate our winners and to thank the voters for taking the time to complete the questionnaire.
|TFR Fellowship Award||Pascal Lamy, WTO||N/A||N/A|
|Best Trade Bank in the World||J.P. Morgan||HSBC||Citi|
|Best Bank in Structured Commodity Trade Finance||Deutsche Bank||ING||Société Générale|
|Best Trade Bank in Metals and Mining||ING||Deutsche Bank||Natixis|
|Best Trade Bank in Oil and Energy||BNP Paribas||Société Générale||HSBC|
|Best Trade Bank in Soft Commodities||Rabobank||ABN AMRO||HSBC|
|Most Innovative Trade Bank||Standard Chartered||J.P. Morgan||Bank of America Merrill Lynch (BofAML)|
|Best Trade Bank in Africa||Standard Bank||Ecobank||ABSA|
|Best Trade Bank in Latin America||Santander||BBVA||BNY Mellon|
|Best Trade Bank in North America||Citi||Wells Fargo||J.P Morgan|
|Best Trade Bank in Western Europe||Deutsche Bank||HSBC||Société Générale|
|Best Trade Bank in Central and Eastern Europe||UniCredit||Raiffeisen Bank||Commerzbank|
|Best Trade Bank in Russia and the CIS||ING||Deutsche Bank||Société Générale|
|Best Trade Bank in Asia Pacific||HSBC||Standard Chartered||ANZ|
|Best Trade Bank in the Middle East||HSBC||Abu Dhabi Commercial Bank||Standard Chartered|
|Best Local Trade Bank in Brazil||Itaú Unibanco||Banco do Brasil||Banco Bradesco|
|Best Local Trade Bank in Russia and the CIS||Sberbank||Promsvyazbank||VTB Bank|
|Best Local Trade Bank in India||ICICI Bank||Yes Bank||Kotak Mahindra Bank|
|Best Local Trade Bank in China||ICBC||Bank of China||China Merchants Bank|
|Best Bank for ECA-covered finance||J.P. Morgan||HSBC||Citi|
|Best Export Credit Agency||US Ex-Im Bank||K-Sure||Euler Hermes|
|Best Development Finance Institution||International Finance Corporation (IFC)||Asia Development Bank (ADB)||European Reconstruction and Development Bank (EBRD)|
|Best SME Financier||HSBC||BNP Paribas||UniCredit|
|Best Forfaiting Institution||London Forfaiting||Deutsche Forfait||UniCredit|
|Best Factoring Institution||FIM Bank||Standard Chartered||Barclays|
|Best Specialist Trade Finance Institution||Falcon Group||Texel Finance||Bibby Financial Services|
|Best Bank Trade Services Provider||Wells Fargo||J.P. Morgan||BNY Mellon|
|Best Non-Bank Trade Services Provider||ICC Banking Commission||SWIFT||IBcontacts|
|Best Bank for Supply Chain Finance||J.P Morgan||Wells Fargo||BNY Mellon|
|Best Online Trade Provider||J.P. Morgan||Standard Chartered||ANZ|
|Best Technology Vendor||Surecomp||China Systems||Misys|
|Best Trade Credit Underwriter||Swiss Re Corporate Solutions||ACE||Beazley|
|Best Trade Credit Broker||BPL Global||Marsh||Willis|
|Best Law Firm in Trade Finance||Dentons||ReedSmith||Watson Farley & Williams/Clyde & Co|
|TFR_Awards Table_2013.pdf||1.41 MB|