The bank emerges victorious in three categories at The Asset awards this year: Best Structured Trade Finance, Best New Economy, and Best NBFI Bank in APAC, securely establishing its Global Hausbank offering.
BNP Paribas Wins Prestigious The Asset Awards in 2024
In a glittering ceremony held in 2024, BNP Paribas was crowned the "Best Structured Trade Finance Bank in APAC" by The Asset, a renowned financial publication. This accolade is a testament to the bank's strategic vision and commitment to sustainable growth.
The bank's focus on its Corporate Bank division has proven to be a shrewd move, with its strong performance across various services earning it recognition. BNP Paribas's success can be attributed to its ability to provide holistic solutions for clients navigating turbulent markets, while driving innovation and excellence.
In addition to the main award, BNP Paribas also won several other categories. The bank was awarded "Best Cash Management Solution" in 13 markets and "Best Trade Finance Solution" in seven. BNP Paribas's DocFactory platform received the prestigious "Editors’ Triple Star" rating.
The bank demonstrated particular strength in the South Asia and ASEAN regions, with notable wins including "Best Risk Management Bank" and "Best Structured Trade Finance Bank" in APAC.
Matthew Moodey, the Head of Trade Finance & Lending for Asia Pacific at BNP Paribas, was also recognised, winning "Structured Trade Finance Banker of the Year."
Other colleagues and teams from the bank were recognised by The Asset, with 19 individuals and teams receiving awards. BNP Paribas was also honoured for its success in growing business with 'new economy' clients in Asia Pacific.
In the same awards, other banks like Deutsche Bank and Crédit Agricole were acknowledged for their leadership in financing and debt capital markets, respectively. However, none of these banks were recognised with the specific title "Best Structured Trade Finance Bank in APAC 2024" that BNP Paribas received.
Therefore, BNP Paribas stands out as the key recipient of the Structured Trade Finance Bank award in APAC for 2024 by The Asset Awards, with multiple supporting sub-awards and recognitions. The bank's strategy positions it for continued and sustainable growth, with a focus on growing its Corporate Bank and doubling down on its growth regions like ASEAN and key markets like North Asia and South Asia.
[1] The Asset's awards process includes client feedback from the Annual Benchmark Survey, in-depth client interviews, and detailed awards pitches. The publication recognised 45 client solutions as the best in the industry.
Sources: - The Asset Triple A Treasury Awards 2024 - BNP Paribas Press Release, 2024
- BNP Paribas's victories in the 2024 The Asset Awards extend beyond the title of "Best Structured Trade Finance Bank in APAC," also encompassing acknowledgments such as "Best Cash Management Solution" in 13 markets, "Best Trade Finance Solution" in seven, and the "Editors’ Triple Star" rating for its DocFactory platform.
- In addition to the accolade for the best structured trade finance bank, BNP Paribas was also honored for its strategic focus on risk management, earning the title of "Best Risk Management Bank" in the South Asia and ASEAN regions.
