Stanchart recognised as leading bank for BRI

Standard Chartered was named the Best Overall International Bank for the Belt and Road Initiative (BRI) in Asiamoney’s New Silk Road Finance Awards 2018 and the Best Foreign Bank For One Belt, One Road in Global Finance’s The Stars of China Awards 2018, which fully recognises the bank’s leading position in capitalising on the enormous opportunities arising from the BRI.

Meanwhile, Standard Chartered was also recognised by Asiamoney as the Best International Bank in Southeast Asia for BRI, Best Bank for Infrastructure/project Finance in Southeast Asia, Best International Bank in South Asia for BRI, Best Bank for Brirelated financing in South Asia and Best Regional Bank for BRI in the Middle East and Africa.

In addition, Standard Chartered bagged three awards in the inaugural Globalrmb China Capital Markets Awards, namely: Best Offshore RMB Bond House, Best Bank for Asset-backed Securities and Best Bank for Securities Services.

Standard Chartered RMB Internationalisation and BRI Global Head Carmen Ling said, “We are proud to win all these recognitions from the leading financial publications for our efforts in supporting China’s opening, in particular the BRI. Standard Chartered’s footprint covers nearly 70 percent of the BRI markets, in many of which we have presence for over 100 years. With the deep local knowledge, we are uniquely positioned to provide an effective suite of banking services to help clients seize the opportunities. In 2017 alone, Standard Chartered was involved in more than 50 deals related to the BRI. We believe there will be a lot more to come and we look forward to further contributing to the development of the markets and the thriving of the local economies.”

Asiamoney said, “Standard Chartered’s deep roots in Asia and its presence in the majority of the BRI markets make it a natural winner of the award for Best Overall International Bank for the BRI. It has been working with both its Chinese and global corporate clients, as well as its Chinese banking partners (among them the big four) and the policy banks, in funding many of the projects along the old Silk Road.”

Globalrmb said, “In an RMB world that remains largely Asiacentric, we believe Standard Chartered was the bank that, in the period under consideration, worked the hardest to deliver the most up-to-date solutions to those seeking China access in the region and beyond.”

Asiamoney and Globalrmb are part of Globalcapital, which is a leading news, opinion and data service headquartered in London for people and institutions using and working in the international capital markets. Global Finance, headquartered in New York, aims to help corporate leaders, bankers and investors chart the course of global business and finance.