ANZ has solidified its reputation as a leading financial services provider for institutions in Asia with another market-leading accolade.
Consultant group Greenwich Associates has named ANZ the region’s number-one bank in terms of overall relationship quality for the fourth-consecutive year.
Greenwich’s latest large corporate banking study also placed ANZ in the number-one spot for overall relationship quality in Hong Kong and China, also for the fourth-straight time. The bank also maintained its position in the top-five corporate banks in Asia for overall market penetration – a position ANZ has now held for nine years.
ANZ Group Executive International Farhan Faruqui said the success was important given it had come at an incredibly difficult time for the bank, its customers and the broader market.
“As we emerge from one of the most-challenging years for the global economy, this recognition from our customers around the region is deeply appreciated,” he said.
“Our network connecting 14 Asian markets remains a key differentiator and a competitive advantage, helping our customers with trade and capital flows between our home markets of Australia and New Zealand, and the region.”
The study also found ANZ was number one in the region for the ability to streamline know-your-customer processes, the co-ordination of product specialists and ease of doing business, where it was named in joint first place.
The annual Greenwich survey is an independent survey which speaks to almost 840 Asia-based groups and foreign subsidiaries. It processes responses from groups across 13 markets with an annual turnover of more than $US500 million.
The study measures overall market penetration in Asia - excluding Australia, New Zealand and Japan – asking executives to rate their relationship quality with select organisations.
The news comes after ANZ swept up 18 issuer, house and deal awards at the annual KangaNews awards earlier in February.
Click HERE to seethe full Greenwich report.