Leading Exchange Bank in Asian-Pacific Region
BNP Paribas Wins 84 Awards at The Asset Triple A Treasury Awards 2024
BNP Paribas, the global bank, has been named the Best Transaction Bank in Asia Pacific for the second consecutive year at The Asset Triple A Treasury Awards 2024. This prestigious recognition is a testament to the bank's leadership in transaction banking, supply chain finance, treasury services, and environmental, social, and governance (ESG) transaction banking across the Asia Pacific region.
The bank's success is reflected in the 84 awards it won in total, including 13 in-country bank awards, 45 best client solutions awards, two client leadership awards, and 19 individual achievement awards. Ole Matthiessen, Global Head of Cash Management and Corporate Bank for APAC and MEA, expressed his pride in the team and infrastructure partners, expressing hope that they feel as proud of the award as he does.
The bank's Global Hausbank offering was particularly recognised, with awards for Best Structured Trade Finance, Best New Economy, and Best NBFI Bank in APAC. This offering demonstrates the bank's ability to craft complex and bespoke solutions for clients in multiple sectors, helping them find off-balance sheet financing solutions.
The bank was also commended for its ability to improve cross-border liquidity, a crucial factor in global trade. Clients praised the bank's thorough understanding of local regulations, which helped them streamline their operations effectively.
The evaluation process for The Asset Triple A Treasury Awards includes client feedback from the publication's Annual Benchmark Survey, in-depth client interviews, and detailed awards pitches. The Asset commented that BNP Paribas has been a steadfast partner for many CFOs and treasurers, providing exceptional dedication and world-class expertise.
Sofia Hammoucha, the bank's Head of Transaction Banking, SEA, was honoured as Transaction Banker of the Year, APAC. Matthiessen also mentioned that these awards showcase the exceptional dedication and world-class expertise of the bank's team and infrastructure partners. He expressed his hope that the bank will continue to deliver innovative solutions and exceptional service to its clients in the future.
[1] This paragraph refers to the multiple countries in the Asia Pacific region and the various transaction banking services for which BNP Paribas received recognition. The specific countries and services are not listed in the bullet points provided.
[1] BNP Paribas's leadership in the Asia Pacific region is not limited to just one country or specific transaction banking service, as it received multiple in-country bank awards.
[2] The bank's Global Hausbank offering, recognized for its flexibility in crafting complex and bespoke solutions, spans across various industries such as finance, business, and even the banking-and-insurance sector.
