Top 5 ranking in AsiaFor the second consecutive year, BNP Paribas has ranked in the top five of the Greenwich Leaders: Asian Large Corporate Banking and Cash Management studies, underscoring the bank’s strength in servicing some of Asia’s biggest corporates throughout the past 12 months.
BNP Paribas placed equal #5 as a “Greenwich Share Leader”, capturing 25% of market share, and was again recognised as a “Greenwich Quality Leader” in China and Singapore in the Asian Large Corporate Banking study.
“We’re pleased to have been able to accompany our clients during this extremely difficult period and to have received this market recognition for our integrated, diversified platform across corporate banking,” said Paul Yang, CEO Asia Pacific for BNP Paribas.
In the Asian Large Corporate Cash Management study, BNP Paribas ranked #5 as a “Share Leader” with 18% market share and was a “Quality Leader” in China, India and South Korea. The bank was also recognised for Ease of Doing Business, Quality of Advice and Customer Service amongst its cash management clients.
Under the Digital category, BNP Paribas collected honours for its Digital Platform Design and Digital Platform Security Capabilities. This endorsement from our clients confirms our continuous investments in our new user interface have resulted in better usability, complemented by the latest security protocols to protect our clients’ transactions.
“Our Transaction Banking platform in APAC is solid and we thank our clients for this recognition of the breadth and depth of services we offer, as well as the quality of those services,” said Chye Kin Wee, Head of Transaction Banking APAC at BNP Paribas.
|Mahesh Kini, BNP Paribas Head of Cash Management APAC, said: “I’m particularly pleased to note our commendation for Ease of Doing Business during the pandemic, when clients were forced to quickly pivot to new ways of working and adapt their processes. Also, the smooth implementation of our new user interface and internet security features leave us well-positioned to support our clients in the new normal. I’m proud of the way our teams supported this rapid shift and thank them for their hard work.”|
2021 Greenwich Leaders: Asian Large Corporate Banking and Cash Management
Greenwich Share Leader 2021
Greenwich Quality Leader 2021
2021 Greenwich Excellence Awards
Greenwich Associates interviewed 840 large corporates for the banking study and 1,073 large corporates for the cash management report, asking them which banks they consider to be an important provider of corporate banking services or corporate cash management services. Interviews were conducted in China, Hong Kong, India, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. Subjects covered include product demand, quality of coverage, and capabilities in specific product areas.
#1 positions in EuropeIn the 2021 Greenwich Share and Quality Leaders for European Large Corporate Banking and Cash Management, BNP Paribas consolidates its #1 position as 2021 Greenwich Share Leader in European Top-Tier Large Corporate Banking, increasing market penetration from 52% to 64% and #1 share leader in European Top-Tier Large Corporate Cash Management increasing market penetration from 40% to 43%.
The Bank is also the 2021 Greenwich Quality Leader for European Top-Tier Large Corporate Banking and Quality Leader in European Top-Tier Large Corporate Cash Management. These rankings demonstrate the team’s expertise and capabilities in Corporate Banking and Cash Management in Europe.
|“We take this as the recognition of the proximity we have managed to maintain with our clients throughout 2020, despite the exceptional operating environment we all had to face. It is a clear testimony of the dedication and the relentless efforts of our teams to service and support our clients and society in a year that was unlike any other. It is also a further illustration of BNP Paribas’ reinforced position as the #1 European Corporate and Institutional Bank in EMEA,” said Yannick Jung, Head of Global Banking, EMEA at BNP Paribas.|
|“I am pleased to see that in the current environment, we have been able to reinforce our support to our clients and to confirm our Cash Management leading position in Europe. This comes on the back of a consistent strategy over the years and illustrates the solidity of our Transaction Banking platform. I would like to thank our clients for their trust and loyalty, and congratulate our teams for these achievements,” commented Aurélia Normand, BNP Paribas Head of Transaction Banking EMEA.|
|Pierre Fersztand, Global Head of Cash, Trade and Payments, BNP Paribas, added: “It is a matter of immense pride and satisfaction for all of us that despite the unprecedented and worldwide crisis, BNP Paribas has not only maintained its top position but has gone further in winning larger market shares and indeed the trust of corporates around the world. I congratulate all our teams that have worked harder than ever before and remain committed to providing the best cash management solutions to our clients, wherever they might be.”|
In September 2020, Greenwich also highlighted the bank’s expertise in Trade Finance, recognizing BNP Paribas as the 1st Share Leader and Quality Leader in the 2020 Greenwich Leaders: European Large Corporate Trade Finance study.
2021 Greenwich Leaders: European Large Corporate Banking and Cash Management
This year’s Greenwich Associates rankings confirm BNP Paribas’ existing market-leading position in the following categories:
At a country level, in the Corporate Banking category, the Bank is also very well positioned:
BNP Paribas is also very well placed in the Cash Management category, at a country level:
Between September 2020 and January 2021, Greenwich Associates conducted over 1,200 interviews with financial officers of the main European companies with a sales of more than EUR 500 million, including more than 550 companies with an sales of at least EUR 2 billion in the “Top-Tier European Banking Corporate” category. Subjects covered included bank credit capabilities, domestic and cross-border advisory capabilities and quality of institution and relationship management. In parallel, over 1200 interviews were conducted with corporate officers (mainly treasurers) for the “Top-Tier European Corporate Cash Management” category.
Quality leader for US Large Corporate Trade FinanceIn the US, in January the Bank was named a Greenwich Quality leader for US Large Corporate Trade Finance, the sole non-US bank to be named in that category – an impressive feat given the local competition in the States.
|“This award is a recognition of BNP Paribas as a global leader in Trade Finance and the strength of our US platform, particularly as the sole-non US bank in the rankings. The achievement clearly is a testament to the value that we provide to our clients in advising on traditional Trade and Working Capital optimisation. I’d like to thank all of our teams that contributed to this achievement,” said Rolando Perez-Elorza, Managing Director, Head of Global Trade Solutions Americas.|