The results of the annual Coalition Greenwich Large Corporate Cash Management study have confirmed the position of BNP Paribas as 2022 Greenwich Share Leader and Quality Leader in Europe while recognising the bank as a leading cash management provider across Asia.
With 46% market penetration, BNP Paribas is not only the Share Leader and top ranking cash management bank in top-tier corporates in all of Europe but also in Belgium-Luxembourg (86%) and French (88%) markets. In Italy, with 72% market penetration, the bank maintains a stable third rank. The study results also places BNP Paribas at the fifth position in Asia.
In terms of quality, the BNP Paribas is named a 2022 Greenwich Quality Leader in Europe and a Greenwich Quality Leader in Belgium and France. This performance is repeated in Asia with BNP Paribas emerging as a Greenwich Quality Leader in total Asia, China, South Korea, Singapore.
Commenting on the 2022 results, Pierre Fersztand, global head of Cash Management, Payments, Trade Solutions and Factoring said, "These results from the Coalition Greenwich yearly study yet again prove that corporates in Europe and Asia consider BNP Paribas as one of their top cash management providers. Thanks to the depth of our offering and breadth of our network we have seen continuous growth over the past years. I take this opportunity to thank our clients for their trust and congratulate all our teams involved in this success, year after year.”
BNP Paribas also earned 2022 Greenwich Excellence awards in Europe and Asia.
In Europe, the bank has emerged as a leader in ‘Ease of Doing Business’, ‘Breadth of International Network’ ,‘Quality of Advice’, ‘Customer Service’ and ‘Accuracy of Operations’, ‘Customer service’, ‘Digital platform design’ and ‘Digital platform security capabilities’.
In Asia, BNP Paribas leads in ‘Ease of Doing Business’ (with DBS), ‘International Product Capability’, Customer Service (with DB), Integrated Services Across Cash Management, Trade Finance and FX, ‘Responsiveness and Prompt Follow-up On Request’, ‘Accuracy of Operations’ and ‘Digital Platform Security Capabilities’.
Chye Kin Wee, head of Transaction Banking, APAC also commented, “Through the hard work of our teams, we have built a solid Transaction Banking platform in Asia Pacific. This is a testament of our consistent strategy and our unwavering focus on our clients over the years. I would like to thank our clients for their trust and congratulate our teams for these achievements.”