Global Finance has released the rankings for its 24th annual Best Treasury & Cash Management Banks awards for 2024. A full report on this exclusive survey will be published in the July/August 2024 print and digital editions as well as online at GFMag.com.
Global Finance has selected the World’s Best Bank for Transaction Banking and the World’s Best Bank for Cash Management, along with eight other global awards.Winners have also been chosen in 71 countries, territories and districts, as well as regionally across multiple categories in Africa, Asia-Pacific, Central and Eastern Europe, Latin America, the Middle East, North America and Western Europe, and in six US Regions. Global Finance also announced the Best Treasury Management Systems & Services Providers in a separate press release available on GFMag.com.
Global Finance used a multi-tiered assessment process—which included entries from banks and providers and input from industry analysts, corporate executives, technology experts and independent research—to select the best providers of treasury and cash management services. A variety of subjective and objective criteria were considered, including: profitability, market share and reach, customer service, competitive pricing, product innovation and the extent to which treasury and cash management providers have successfully differentiated themselves from their competitors around core service provision.
“Navigating the flurry of innovations and technological changes that are transforming treasury and cash management will require the top banking and management systems,” said Joseph D. Giarraputo, founder and editorial director of Global Finance. “Our Treasury and Cash Management awards honor the organizations that best help their clients to handle these changing times.”
The list of Global Finance’s World’s Best Treasury & Cash Management Banks for 2024 follows.
| GLOBAL WINNERS |
| Best Bank for Transaction Banking New for 2024 | Bank of America |
| Best Bank for Cash Management | Citi |
| Best Corporate Cross-border Payments Solution New for 2024 | Citi |
| Best Bank for Long-term Liquidity Management | Citi |
| Best Bank for Payments | ANZ |
| Best Bank for Collections | Bank of America |
| Best Bank for Financial Institutions | BNY |
| Best White Label System Provider – Bank | BNY |
| Best White Label System Provider – Non-bank | Backbase |
| Best Provider of Short-term Investments/Money Market Funds | Industrial Bank of Korea |
| REGIONAL WINNERS |
| AFRICA | |
| Best Bank for Transaction Banking New for 2024 | Standard Bank |
| Best Bank for Cash Management | Ecobank Transnational |
| Best Corporate Cross-border Payments Solution New for 2024 | Ecobank Transnational |
| Best Bank for Payments | Ecobank Transnational |
| Best Bank for Collections | CIB |
| Best Bank for Long-Term Liquidity Management | Bank ABC |
| Best Provider of Short-term Investments/Money Market Funds | CI Capital Asset Management |
| ASIA-PACIFIC | |
| Best Bank for Transaction Banking New for 2024 | DBS |
| Best Bank for Cash Management | Bank of China (Hong Kong) |
| Best Corporate Cross-border Payments Solution New for 2024 | DBS |
| Best Bank for Payments | ANZ |
| Best Bank for Collections | OCBC |
| Best Bank for Long-Term Liquidity Management | Citi |
| Best Provider of Short-term Investments/Money Market Funds | Industrial Bank of Korea |
| CENTRAL & EASTERN EUROPE | |
| Best Bank for Transaction Banking New for 2024 | UniCredit |
| Best Bank for Cash Management | ING |
| Best Corporate Cross-border Payments Solution New for 2024 | Citi |
| Best Bank for Payments | Bank Pekao |
| Best Bank for Collections | UniCredit |
| Best Bank for Long-Term Liquidity Management | OTP Bank |
| LATIN AMERICA | |
| Best Bank for Transaction Banking New for 2024 | Bank of America |
| Best Bank for Cash Management | Santander |
| Best Corporate Cross-border Payments Solution New for 2024 | Santander |
| Best Bank for Payments | Santander |
| Best Bank for Collections | Bank of America |
| Best Bank for Long-Term Liquidity Management | Citi |
| MIDDLE EAST | |
| Best Bank for Transaction Banking New for 2024 | FAB |
| Best Bank for Cash Management | HSBC |
| Best Corporate Cross-border Payments Solution New for 2024 | Bank ABC |
| Best Bank for Payments | Citi |
| Best Bank for Collections | Citi |
| Best Bank for Long-Term Liquidity Management | FAB |
| Best Provider of Short-term Investments/Money Market Funds | CI Capital Asset Management |
| North America | |
| Best Bank for Transaction Banking New for 2024 | Bank of America |
| Best Bank for Cash Management | Citi |
| Best Corporate Cross-border Payments Solution New for 2024 | Citi |
| Best Bank for Payments | BNY |
| Best Bank for Collections | BMO |
| Best Bank for Long-Term Liquidity Management | Citizens |
| Best Provider of Short-term Investments/Money Market Funds | North Capital |
| Western Europe | |
| Best Bank for Transaction Banking New for 2024 | Societe Generale |
| Best Bank for Cash Management | ING |
| Best Corporate Cross-border Payments Solution New for 2024 | BNP Paribas |
| Best Bank for Payments | Bank of America |
| Best Bank for Collections | Bank of America |
| Best Bank for Long-Term Liquidity Management | Nordea |
| Best Provider of Short-term Investments/Money Market Funds | Royal London Asset Management |
| COUNTRY, TERRITORY & DISTRICT AWARDS – BEST OVERALL BANK FOR CASH MANAGEMENT |
| AFRICA | |
| Angola | Banco Millennium Atlantico (BMA) |
| Botswana | First National Bank of Botswana |
| Cameroon | Societe General |
| Cote d’Ivoire | Ecobank |
| Egypt | CIB |
| Ghana | Ecobank Ghana |
| Kenya | Standard Chartered |
| Mauritius | Mauritius Commercial Bank |
| Morocco | Arab Bank |
| Namibia | First National Bank Namibia |
| Nigeria | Guaranty Trust Bank |
| Senegal | Societe Generale |
| South Africa | Rand Merchant Bank |
| Tunisia | Bank ABC |
| | |
| ASIA-PACIFIC | |
| Australia | ANZ |
| Bangladesh | Standard Chartered |
| China | Standard Chartered |
| Hong Kong | DBS |
| India | Standard Chartered |
| Indonesia | DBS |
| Japan | MUFG |
| Malaysia | OCBC |
| New Zealand | ANZ |
| Philippines | Standard Chartered |
| Singapore | DBS |
| South Korea | KB Kookmin Bank |
| Taiwan | CTBC Bank |
| Vietnam | DBS |
| | |
| CENTRAL & EASTERN EUROPE | |
| Czech Republic | Ceska Sporitelna |
| Georgia | TBC Bank |
| Hungary | MKB Bank |
| Poland | Bank Pekao |
| Romania | BRD Group Societe General |
| Turkey | Garanti BBVA |
| | |
| LATIN AMERICA | |
| Argentina | Santander |
| Bahamas | Citi |
| Brazil | Santander |
| Chile | Santander |
| Colombia | BBVA |
| Dominican Republic | Banreservas |
| El Salvador | Banco Cuscatlán |
| Mexico | BBVA |
| Paraguay | Banco Itaú Paraguay |
| Peru | BBVA |
| Puerto Rico | Citi |
| Venezuela | BBVA |
| MIDDLE EAST | |
| Bahrain | Bank ABC |
| Jordan | Arab Bank |
| Kuwait | NBK |
| Qatar | QNB |
| Saudi Arabia | SAB |
| UAE | FAB |
| | |
| NORTH AMERICA | |
| Canada | RBC |
| United States | RBC-US |
| | |
| WESTERN EUROPE | |
| Austria | Raiffeisen Bank International |
| Belgium | Belfius Bank |
| Cyprus | Hellenic Bank |
| Denmark | Nordea |
| Finland | Nordea |
| France | Societe Generale |
| Germany | Deutsche Bank |
| Greece | Eurobank |
| Ireland | AIB |
| Italy | UniCredit |
| Netherlands | ING |
| Norway | Nordea |
| Portugal | Caixa Geral de Depositos |
| Spain | Santander |
| Sweden | Nordea |
| Switzerland | UBS |
| United Kingdom | Lloyds Bank |
| US REGIONAL WINNERS |
| Mid-Atlantic | Citizens |
| Midwest | Fifth Third Bank |
| Northeast | Citizens |
| Southeast | Truist |
| Southwest | Frost Bank |
| West | BMO |
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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 193 countries and territories. 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 37 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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