Standard Chartered Vietnam wins the Asset Triple A Awards 2014

The bank was named in the categories of “Best Banks” for Best Service Provider for Structured Trade Finance in Vietnam and Best Service Provider for eSolutions Partner Bank, and “Best Solutions” for Best Trade Finance Solution.

The Asset Triple A Awards are industry excellence awards given out every year to institutions that have outshone the competition in providing best-in-class treasury, risk management and working capital solutions to their customers. This is the second consecutive year Standard Chartered Vietnam has been chosen for the awards.

“We are honoured to receive, for the second time, The Asset Triple A Awards. This is a significant achievement reflecting our innovation, excellence and capabilities to deliver effective solutions in Vietnam,” Maxime De Guillebon, head of Transaction Banking, Standard Chartered Bank (Vietnam) said. “Standard Chartered is firmly committed to building long-term win-win relationships with clients. We will continue to leverage our innovative and tailor-made solutions and further enhance our service quality to serve them even better in the time to come, reinforcing our brand promise of being “Here for good.”

In 2013, Standard Chartered Vietnam continued its aggressive mode in enhancing its cash management solutions to help clients achieve working capital efficiencies. The bank launched a new billing statement for clients to have full transparency on cash charges, enabling clients to have wider access to banks and payment channels as a means to obtain reconcilable payments while getting collection information in an almost immediate manner. The innovation pipeline is set to cater to all cash solutions lines: liquidity, receivables and payments as the bank continuously engages clients and regulators in developing solution.

Besides, Standard Chartered also provided clients from various industries with innovative ways to have access to funding to power their working capital requirements. Most of the clients were generally provided with multiple facilities allowing them multiple trade financing options to cater to their respective needs. The Bank responded positively to unique client challenges and provided cost-effective financial solutions.

Thanks to its innovative and differentiated solutions to enable business in Vietnam, Standard Chartered have won a large number of trade finance and cash management mandates, and managed to increase its liabilities and client base by double-digits.