Announces 2013 Share and Quality Leaders In Asian Corporate Banking, Cash Management and Debt Capital Markets

HSBC and Citi are the leading corporate banks in Asia, with each bank ranking either first or second in market penetration in Overall Corporate Banking, Corporate Cash Management and Debt Capital Markets, according to the results of Greenwich Associates most recent Asian Large Corporate Finance Study.

Large Corporate Banking
Sixty-seven percent of large companies in Asia use HSBC for corporate banking, making the bank the clear leader in this category. Fifty-seven percent of large Asian companies use Citi for corporate banking, and 54% use third-place Standard Chartered Bank. With market penetration scores of 41% and 32%, respectively, ANZ and Deutsche Bank round out the markets top five corporate banks. These banks are the 2013 Greenwich Share Leaders in Asian Large Corporate Banking.

“Among large corporates in Asia, ANZ has continued to make rapid progress, both in gaining clients and at the same time establishing itself as one of the quality leaders in the region,” says Greenwich Associates consultant Markus Ohlig. Indeed, ANZ  joins Citi, DBS Bank and HSBC as the 2013 Greenwich Quality Leaders in Asian Large Corporate Banking.

At the country level, four banks lead the corporate banking market in China. With a market penetration of 77%, ICBC takes the top spot, followed by Bank of China at 74%, HSBC at 69% and China Construction Bank at 66%. These banks are the 2013 Greenwich Share Leaders in Large Corporate Banking in China. The 2013 Greenwich Quality Leaders in China are ANZ and Citi.

Based on market penetration and quality data, Greenwich Associates named the 2013 Large Corporate Banking Share and Quality Leaders in China, Hong Kong, India, Singapore, South Korea and Taiwan.

Large Corporate Cash Management
Citi and HSBC are tied for the top spot in Asian Corporate Cash Management with market penetration scores of 45%. These leaders are followed by Standard Chartered Bank, Deutsche Bank and Bank of China. These banks are the 2013 Greenwich Share Leaders in Large Corporate Cash Management. The 2013 Greenwich Quality Leaders in Large Corporate Cash Management are Citi, Deutsche Bank and HSBC.

“At the pan-Asian level, the research results show a strong correlation between cash management service quality and market penetration,” says Markus Ohlig. “The research also shows some quality standouts among the global competitors in individual countries, such as Standard Chartered in China and Bank of America Merrill Lynch in Singapore. Meanwhile, Korea Exchange Bank and China Trust Bank are the only local banks with qualitative leadership in their respective home markets.”

In China, the 2013 Greenwich Share Leaders in Large Corporate Cash Management are ICBC, Bank of China, HSBC, and China Construction Bank, and the 2013 Greenwich Quality Leaders are Citi, Deutsche Bank, HSBC, and Standard Chartered Bank. The 2013 Greenwich Share Leaders in Large Corporate Cash Management in Hong Kong are HSBC, Standard Chartered Bank and Bank of China, with the Greenwich Quality Leader Award going to Citi and HSBC.

Debt Capital Markets
Forty-two percent of large Asian companies use HSBC for debt capital markets, a level that establishes the bank as the clear leader in this market. With a market penetration score of 30% Citi ranks second, followed by Standard Chartered Bank, Deutsche Bank and Barclays. These banks are the 2013 Greenwich Share Leaders in Asian Debt Capital Markets. The 2013 Greenwich Quality Leader in Asian Debt Capital Markets is HSBC. “HSBC stands out among all competitors in the region due to its broad capabilities in both G3 and virtually all major domestic bond markets,” says Markus Ohlig.