Thursday, 18 July 2024

Best Asian International Transaction Bank in Asia Pacific goes to UOB

5 min read

By The Asian Banker

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.



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