HSBC has been named the market leader in global trade finance for the second year running in Euromoney magazine’s Trade Finance Survey 2019.
The poll asked 7,000 businesses engaged in international commerce to rank and assess providers of trade finance services.
Natalie Blyth, Head of Global Trade and Receivables Finance, HSBC, said: “It’s fantastic to be recognised as the world’s number one trade finance bank by our clients for the second year in a row. It is evidence that our efforts are paying off.
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“We are truly transforming experiences for our customers and people, and actively driving and shaping what the future of trade looks like.”
In addition to the global title, HSBC was named market leader for trade finance in North America and in the Middle East. It also won recognition in individual countries and territories including the UK, Canada, Hong Kong, Singapore, India and Mexico.
Financing trade has been at the heart of HSBC’s business since it was founded in 1865 and remains key to its plans for the future.
One of the bank’s eight strategic priorities is to gain market share and deliver growth from its international network. It continues to invest in digital technologies, such as blockchain, to help firms do business across borders more easily, quickly and safely.