Global Finance magazine has named its 25th annual World’s Best Foreign Exchange Banks as part of the Gordon Platt Foreign Exchange Awards. Winners have been chosen in 87 countries, territories and districts, seven regions and multiple global categories.
These awards are named in honor of Gordon Platt, who was the driving force behind this program for many years.
An exclusive report on this program will be published in the January 2025 print and digital editions as well as online at GFMag.com. It will also include Global Finance’s annual FX Tech Awards.
Winning organizations will be honored at Global Finance’s Gordon Platt Foreign Exchange and Best SME Bank Awards Ceremony in London at the OXO2 at the landmark OXO Tower on February 25.
Global Finance considered bank submissions, input from industry analysts, corporate executives and technology specialists. Criteria for choosing the Best Foreign Exchange Banks Award winners included, transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
“In a time of global economic uncertainty and rapid technological advancement, Global Finance’s Best Foreign Exchange Banks 2025 have demonstrated exceptional expertise, resilience, and innovation in the FX sector, consistently delivering value and reliability to their clients worldwide,” said Joseph Giarraputo, founder and editorial director of Global Finance. “Global Finance is proud to honor institutions that have excelled in a dynamic and challenging market environment.”
The complete list of Global Finance’s 2025 World’s Best Foreign Exchange Banks follows.
| GLOBAL WINNERS |
| Best Global Foreign Exchange Bank | UBS |
| Best FX Bank for Corporates | Investec |
| Best FX Bank for Emerging Markets Currencies | Itaú Unibanco |
| Best Liquidity Bank | BBVA |
| Best FX Market Maker | JP Morgan |
| Best ESG-linked Derivatives | Nordea |
| Best FX Commodity Trading Bank – Offering the trading of both currencies and commodities | BTG Pactual |
| REGIONAL WINNERS |
| Africa | Standard Bank |
| Asia-Pacific | Hana Bank |
| Central & Eastern Europe | OTP Bank |
| Latin America | Itaú Unibanco |
| Middle East | Qatar National Bank |
| North America | JP Morgan |
| Western Europe | BBVA |
| COUNTRY, TERRITORY AND DISTRICT AWARDS |
| Algeria | Societe Generale |
| Angola | Standard Bank Angola |
| Argentina | Citi |
| Armenia | Ameriabank |
| Australia | ANZ Australia |
| Austria | UniCredit Bank Austria |
| Bahrain | National Bank of Bahrain |
| Barbados | Republic Bank |
| Belgium | BNP Paribas Fortis |
| Brazil | Itaú Unibanco |
| Bulgaria | DSK Bank |
| Canada | Scotiabank |
| Chile | Itaú Chile |
| China | Bank of China |
| Colombia | BBVA |
| Costa Rica | BAC Credomatic |
| Cote d’Ivoire | BICICI |
| Cyprus | Bank of Cyprus |
| Czech Republic | Komercni banka |
| Denmark | Danske Bank |
| Dominican Republic | Banco Popular Dominicano |
| DR Congo | Rawbank |
| Ecuador | Produbanco |
| Egypt | CIB |
| El Salvador | Banco Cuscatlán |
| Finland | Nordea Markets |
| France | BNP Paribas |
| Georgia | TBC Bank |
| Germany | Deutsche Bank |
| Ghana | Ecobank |
| Greece | National Bank of Greece |
| Guatemala | Banco Industrial |
| Honduras | Banco Ficohsa |
| Hong Kong | Standard Chartered Bank (Hong Kong) |
| Hungary | OTP Bank |
| India | IndusInd Bank |
| Indonesia | Bank Mandiri |
| Ireland | Investec Europe |
| Italy | Intesa Sanpaolo |
| Jamaica | National Commercial Bank Jamaica |
| Japan | MUFG Bank |
| Jordan | Arab Bank |
| Kazakhstan | ForteBank |
| Kenya | KCB |
| Kuwait | National Bank of Kuwait |
| Latvia | Swedbank Latvia |
| Lithuania | SEB Bank |
| Luxembourg | BGL BNP Paribas |
| Malaysia | Maybank |
| Mauritius | AfrAsia |
| Mexico | Citi México |
| Morocco | Attijariwafa |
| Mozambique | Millennium BIM |
| Namibia | Bank Windhoek |
| Netherlands | ING |
| New Zealand | TSB |
| Nigeria | Zenith Bank |
| North Macedonia | Komercijalna Banka AD Skopje |
| Norway | DNB Markets |
| Oman | Bank Muscat |
| Panama | Mercantil Banco Panamá |
| Paraguay | Banco Itaú Paraguay |
| Peru | Banco de Crédito del Perú |
| Philippines | BDO Unibank |
| Poland | Bank Pekao |
| Portugal | Banco Santander |
| Qatar | Qatar National Bank |
| Saudi Arabia | Al Rajhi Bank |
| Serbia | OTP Bank Serbia |
| Singapore | DBS |
| South Africa | FirstRand (First National Bank/Rand Merchant Bank) |
| South Korea | Hana Bank |
| Spain | BBVA |
| Sweden | Nordea |
| Switzerland | UBS |
| Taiwan | CTBC Bank |
| Thailand | Kasikorn Bank |
| Tunisia | Banque Internationale Arabe de Tunisie |
| Turkey | BBVA |
| Uganda | Stanbic |
| United Arab Emirates | Emirates NBD |
| United Kingdom | HSBC |
| United States | JP Morgan |
| Uruguay | Banco Itaú Uruguay |
| Venezuela | Mercantil Banco Universal |
| Vietnam | VietinBank |
| Zambia | Stanbic |
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For editorial information, please contact Andrea Fiano, editor, afiano@gfmag.com
About Global Finance
Global Finance, founded in 1987, has a circulation of 50,000 and readers in 188 countries, territories and districts. Global Finance’s audience includes senior corporate and financial officers responsible for making investment and strategic decisions at multinational companies and financial institutions. Its website — GFMag.com — offers analysis and articles that are the legacy of 38 years of experience in international financial markets. Global Finance is headquartered in New York, with offices around the world. Global Finance regularly selects the top performers among banks and other providers of financial services. These awards have become a trusted standard of excellence for the global financial community.
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