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Source : http://findarticles.com
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last activity : 07 06 2010 20:18:04 +0000
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Trade Finance is the science that describes the management of money, banking, credit, investments, and assets for international trade transactions. Companies involved with trade finance include importers and exporters, financiers, insurers, and other service providers.
Global Finance selects the leaders in a specialized area of finance that is changing rapidly.
Global trade finance has become an extremely competitive business, mainly suitable for financial institutions with economies of scale or special expertise. Most international trade is now done on an open-account basis, as corporations have come to know their suppliers better and are less willing to pay the fees associated with letters of credit (LCs) and other forms of bank guarantees.
The list below describes the banks which are awarded the BEST TRADE FINANCE BANKS in different regions;
 Americas | Citigroup |
| Europe | ABN Amro |
| Central and Eastern Europe | RZB |
| Middle East | National Bank of Kuwait |
| Asia | HSBC |
| Argentina | Citigroup |
| Australia | ANZ |
| Austria | RZB |
| Bahrain | Arab Banking Corporation |
| Belgium | Fortis Bank |
| Brazil | Banco do Brasil |
| Canada | Scotiabank |
| China | Bank of China |
| Colombia | Banco de Bogotá |
| Egypt | Commercial International Bank (CIB) |
| Finland | Nordea |
| France | BNP Paribas |
| Germany | Deutsche Bank |
| Greece | EFG Eurobank |
| Hong Kong | HSBC Holdings |
| India | ICICI Bank |
| Indonesia | Bank Danamon Indonesia |
| Italy | Banca Intesa |
| Japan | Mitsubishi UFJ Financial Group |
| Jordan | Jordan Kuwait Bank |
| Kazakhstan | Kazkommertsbank |
| Kuwait | National Bank of Kuwait |
| Mexico | Banamex |
| Netherlands | ABN Amro |
| Nigeria | First Bank of Nigeria |
| Norway | DnB NOR |
| Oman | BankMuscat |
| Pakistan | MCB |
| Poland | Bank BPH |
| Portugal | Millennium bcp |
| Qatar | Qatar National Bank |
| Russia | International Moscow Bank |
| Saudi Arabia | Arab National Bank |
| Singapore | DBS |
| South Africa | Standard Bank |
| South Korea | Korea Exchange Bank |
| Spain | Grupo Santander |
| Sweden | Svenska Handelsbanken |
| Switzerland | Credit Suisse Group |
| Taiwan | Chinatrust Commercial Bank |
| Turkey | Akbank |
| United Kingdom | HSBC |
| United States | Citigroup |
| Us (Honorable Mention) | Bank of America |
| Us (Honorable Mention) | JPMorgan Chase |
| Venezuela | Banco Mercantil |
| Best Online Trade Finance Provider | TradeCard |
I hope that this information would be of some help to you.
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