Best Asian International Transaction Bank in Asia Pacific goes to UOB
This bank has an integrated global transaction banking business (GTB) within cash, trade, and financial supply chain management functions that make its cross-selling ratio one of the highest in the region.
It reported an average 75% cross-sell ratio among its different customer groups under GTB. The GTB segment now contributes close to 35% to the group wholesale bank income.
Continued onboarding of new-to-bank, new age economy sector and e-commerce customers across the region boosted transaction volumes and incremental operating balances for the bank. This led its cash management franchise to grow by more than 80% in 2022.
For its collective achievements and strength across cash management, trade and financial supply chain finance management as well as a ‘One-Bank, Total Solutions’ approach to support customers’ value chain, the award for Best Asian International Transaction Bank in Asia Pacific goes to UOB.