Best Trade Bank in Singapore

HSBC was named the Best Trade Bank in Singapore in the Trade Finance Asia Awards for Excellence 2009. HSBC is one of the largest trade and supply chain organizations in the world, and is recognized as a leader in trade and supply chain on numerous occasions, by respected industry publications.

Standard Chartered Bank was named the Best Trade Bank in Singapore (Global Finance Awards 2010). Standard Chartered Bank in Singapore delivered a record operating profit of US$718 million (S$978 million) and a record income of US $1,738 million (S$2,369 million) for the financial year ended 31 December 2010 due to strong income growth for Consumer and Wholesale banking businesses. Consumer Banking reported a record income of US$728 million (S$992 million) for 2010, which is an increase of 15% from 2009, while Wholesale Banking reported record income which crossed the US$1 billion mark for the first time for Singapore. The Bank’s global businesses, Consumer and Wholesale Banking, are managed out of Singapore, as is its global Technology & Operations function.

Citigroup has been Highly Commended in Asia in the category "Best Trade Bank in Singapore" (Trade Finance Magazine). Citi has been in Singapore since 1902, operating through its three major lines of business, comprising the Institutional Clients Group, Global Consumer Group and Citi Private Bank.

* Next: Finance Companies in Singapore

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Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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