NEW YORK, November 22, 2010
Global Finance magazine has named the “Best Foreign Exchange Banks and Providers” by country, region and category in an exclusive survey to be published in the January 2011 issue. Deutsche Bank was named as the global winner. Global Finance editors with input from industry analysts, corporate executives and technology experts also selected the best currency trading providers in 86 countries or regions. The best online foreign exchange systems were also identified. Criteria for choosing the traditional and online winners included transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies.
“Sovereign debt problems in Europe, China’s monetary tightening and the Federal Reserve’s quantitative easing are causing volatility in the foreign exchange markets. Corporations around the world need to select a strong, knowledgeable FX bank to help them cope with the turbulence in the markets,” says Joseph D. Giarraputo, publisher and president of Global Finance.
| Global | Deutsche Bank |
| North America | Citi |
| Latin America | Citi |
| Western Europe | Deutsche Bank |
| Central and Eastern Europe | Societe Generale |
| Nordic Countries | SEB |
| Middle East | Ahli United Bank |
| Africa | Standard Chartered Bank |
| Asia Pacific | Standard Chartered Bank |
| Southeast Asia | Standard Chartered Bank |
| Angola | BES Angola |
| Argentina | Citi |
| Armenia | HSBC Bank Armenia |
| Australia | Commonwealth Bank of Australia |
| Austria | Bank Austria |
| Bahrain | Ahli United Bank |
| Belarus | Belarusbank |
| Belgium | BNP Parisbas Fortis |
| Brazil | Itau Unibanco |
| Canada | Scotia Capital |
| Chile | Banco Santander Chile |
| China | Bank of China |
| Colombia | Bancolombia |
| Costa Rica | Scotiabank Costa Rica |
| Cyprus | Bank of Cyprus |
| Czech Republic | CSOB |
| Denmark | SEB |
| Equador | Citi |
| Egypt | Arab African International Bank |
| El Salvador | Citi |
| Estonia | Swedbank |
| Finland | Nordea |
| France | BNP Paribas |
| Gambia | Standard Chartered Bank Gambia |
| Georgia | Bank of Georgia |
| Germany | Deutsche Bank |
| Greece | Eurobank EFG |
| Guatemala | Banco Industrial |
| Hong Kong | HSBC |
| Hungary | OTP Bank |
| India | Standard Chartered Bank |
| Indonesia | Standard Chartered Bank |
| Israel | Bank Hapoalim |
| Italy | UniCredit |
| Jamaica | Scotiabank Jamaica |
| Japan | Mitsubishi UFJ International |
| Jordan | Arab Bank |
| Kazakhstan | Halyk Bank |
| Kuwait | National Bank of Kuwait |
| Latvia | SEB |
| Lebanon | BLOM Bank |
| Lithuania | SEB |
| Malaysia | Public Bank |
| Mexico | Banamex |
| Moldova | Moldova Agroindbank |
| The Netherlands | ING |
|
New Zealand |
Westpac Banking |
| Nigeria | First Bank of Nigeria |
| Norway | DnB NOR |
| Oman | BankMuscat |
| Pakistan | Standard Chartered Bank |
| Peru | Scotiabank Peru |
| Philippines | Banco de Oro |
| Poland | Bank Pekao |
| Portugal | Banco Santander Totta |
| Qatar | Qatar National Bank |
| Russia | VTB |
| Saudi Arabia | Samba Financial Group |
| Singapore | DBS |
| Slovak Republic | CSOB |
| Slovenia | Nova Ljubljanska Banka |
| South Africa | Standard Bank |
| South Korea | KEB |
| Spain | Santander |
| Sweden | SEB |
| Switzerland | Credit Suisse |
| Syria | Bank of Syria and Overseas |
| Taiwan | Chinatrust Commercial Bank |
| Thailand | Siam Commercial Bank |
| Turkey | Akbank |
| UAE | Emirates NBD |
| Ukraine | UkrSibbank |
| United Kingdom | Barclays Capital |
|
United States |
Citi
|
| Uruguay | Banco Santander Uruguay |
| Venezuela | Banco Mercantil |
| Vietnam | Sacombank |
|
Best FX Research |
BNY Mellon |
|
Best Fundamental Analysis |
Brown Brothers Harriman |
|
Best Technical Analysis |
BNY Mellon |
|
|
BNY Mellon |
|
Best Strategy/Hedging |
Deutsche Bank |
|
Best Bank |
State Street’s Currenex |
|
Best Independent |
FXall |
|
Best Retail |
Forex Capital Markets (FXCM) |
