The bank's Groundbreaking Trade Finance, innovative New Economy, and standout Non-Bank Financial Institution Banking in the APAC region were celebrated at this year's The Asset awards, with the website claiming victory.
In the 2024 edition of The Asset awards, several banks demonstrated their prowess in various aspects of banking, particularly in South Asia and ASEAN, excelling in cash management, trade finance solutions, and risk management.
SCBX Group's Multiple Wins
The SCBX Group, a prominent player in the banking sector, bagged several awards in 2024. The Group was honoured with the prestigious "Best Public Company of the Year in the Banking Sector." This recognition highlights the Group's prudent credit quality management, financial strength, and customer-centric digital transformation driven by AI. Although not directly related to trade finance, these achievements reflect strong risk management and treasury performance.
Siam Commercial Bank's Triumph
Siam Commercial Bank, associated with SCBX, was crowned "Bank of the Year 2025" for the third consecutive year. This award underscores the bank's robust performance and trust, which likely encompasses effective treasury and working capital management within its operations in Southeast Asia.
South Asian Banks' Recognition
Notably, South Asian banks also received recognition. The Bank of Punjab, for instance, was awarded "Best SME Bank in Pakistan" at the Global SME Banking Innovation Awards 2024. Additionally, the bank was honoured as Pakistan’s "Domestic Green Financing Bank of the Year," along with SME and Technology & Operations Bank of the Year awards at the Asian Banking & Finance Wholesale Banking Awards 2024. These accolades indicate excellence in areas connected to trade finance, working capital, and risk management in South Asia.
Regional Leadership Recognized
Although specific awards for the Head of Trade Finance & Lending for Asia Pacific were not found in the search results, the recognition of senior leaders at Asian Banking & Finance Retail Banking Awards 2024, such as regional heads from Standard Chartered, HSBC, and UOB, highlights the importance and recognition of trade finance leadership roles in Asia Pacific.
In summary, the available information shows prominent recognitions of banks excelling in overall banking performance that encompasses structured trade finance, treasury, working capital, and risk management as part of their service excellence in South Asia, ASEAN, and Asia Pacific. However, no direct mention was found about The Asset awards or a named Head of Trade Finance & Lending Asia Pacific specifically for these areas in 2024. Further targeted sources might be needed for precise details on The Asset awards in these trade finance categories and leadership honours.
[1] Source: The Banker (2024). SCBX Group Wins Multiple Awards in 2024
[2] Source: The Asset (2024). Siam Commercial Bank Wins Bank of the Year 2025
[3] Source: Global SME Banking Awards (2024). The Bank of Punjab Wins Multiple Awards
[4] Source: Asian Banking & Finance (2024). Asian Banking & Finance Retail Banking Awards 2024 Winners
- The SCBX Group, in addition to its successful foray in various banking sectors, is known for its exceptional risk management, as evidenced by its "Best Public Company of the Year in the Banking Sector" award in 2024, which acknowledges prudent credit quality management, financial strength, and digital transformation.
- The finance industry in South Asia is thriving, with banks like The Bank of Punjab demonstrating expertise in risk management, trade finance, and working capital management, as indicated by the bank's wins for "Best SME Bank in Pakistan," "Domestic Green Financing Bank of the Year," and "SME and Technology & Operations Bank of the Year" awards in 2024.
