While we still see choppy financial markets amid high interest rates, it is worth pausing to recognise leading financial institutions across Asia that have performed well and made waves in these volatile times.
The goal posts have not changed: each of Asia's markets is bound by net zero commitments; and digital transformation continues to drive regulatory discourse and development around emerging sectors and virtual assets. As a result, sustainability and digitisation continue to be underlying themes shaping a new paradigm for deal-making in the region.
The FinanceAsia team invited banks, brokers, ratings agencies and other financial institutions, to showcase their capabilities when supporting their clients. Our awards process celebrates those institutions that showed determination to deliver desirable outcomes, through the display of commercial and technical acumen.
This year marks the 28th iteration of our FinanceAsia awards and celebrates activity that has taken place within the past year (2023).
Read on for details of the winners and finalists (entrants whose submissions were highly commended by our jury) for Southeast Asia. Full write-ups explaining the rationale behind winner selection will be published in the summer edition of the FinanceAsia magazine, with subsequent syndication online.
Congratulations to all of our winners!
CLM (CAMBODIA, LAOS, MYANMAR) DOMESTIC
BEST COMMERCIAL BANK - SMES
Winner: Cambodian Public Bank
MOST PROGRESSIVE DEI - BANKS
Winner: KBZ Bank
INDONESIA DOMESTIC
BEST BANK
Winner: Bank Mandiri
Highly commended: Bank Central Asia
BEST BANK FOR FINANCIAL INCLUSION
Winner: Bank Rakyat Indonesia
BEST BROKER
Winner: CGS International Sekuritas Indonesia
BEST COMMERCIAL BANK - SMES
Winner: Bank Rakyat Indonesia
BEST CORPORATE BANK - LARGE CORP & MNCS
Winner: Bank Mandiri
BEST DCM HOUSE
Winner: Indo Premier Sekuritas
Highly commended: Mandiri Sekuritas
BEST ECM HOUSE
Winner: Mandiri Sekuritas
BEST INVESTMENT BANK
Winner: Mandiri Sekuritas
BEST LAW FIRM
Winner: Hiswara Bunjamin & Tandjung
BEST SUSTAINABLE BANK
Winner: Bank Mandiri
Highly commended: Bank Rakyat Indonesia
BIGGEST ESG IMPACT - BANKS
Winner: Bank Mandiri
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: Bank Mandiri
Highly commended: Bank Rakyat Indonesia
INDONESIA INTERNATIONAL
BEST BANK
Winner: Citi
BEST COMMERCIAL BANK - SMES
Winner: OCBC Bank
Highly commended: Citi
BEST CORPORATE BANK - LARGE CORPS &MNCS
Winner: Citi
BEST INVESTMENT BANK
Winner: BNP Paribas
BEST SUSTAINABLE BANK
Winner: MUFG Bank
Highly commended: Citi
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: Citi
MALAYSIA DOMESTIC
BEST BANK
Winner: Public Bank
BEST BROKER
Winner: Maybank Investment Bank
Highly commended: CGS International Securities Malaysia
BEST COMMERCIAL BANK - SMES
Winner: Bank Islam
BEST DCM HOUSE
Winner: Maybank Investment Bank
BEST ECM HOUSE
Winner: CIMB Investment Bank
Highly commended: Maybank Investment Bank
BEST INVESTMENT BANK
Winner: CIMB Investment Bank
Highly commended: Maybank Investment Bank
BEST SUSTAINABLE BANK
Winner: Maybank Investment Bank
Highly commended: Public Bank
BEST ESG IMPACT - BANKS
Winner: Public Bank
BIGGEST ESG IMPACT - NONBANK FINANCIAL INSTITUTIONS
Winner: AmInvest
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: Kenanga Investment Bank
MALAYSIA INTERNATIONAL
BEST COMMERCIAL BANK - SMES
Winner: OCBC Bank
BEST CORPORATE BANK - LARGE CORP & MNCS
Winner: Citi
BEST INVESTMENT BANK
Winner: Bank of America
BEST SUSTAINABLE BANK
Winner: MUFG Bank
MOST DEI PROGRESSIVE - BANKS
Winner: Citi
THE PHILIPPINES DOMESTIC
BEST BANK
Winner: Bank of the Philippine Islands
Highly commended: BDO Unibank
BEST BANK FOR FINANCIAL INCLUSION
Winner: BDO Unibank
BEST BROKER
Winner: First Metro Securities
BEST CORPORATE BANK - LARGE CORP & MNCS
Winner: Bank of the Philippine Islands
BEST DCM HOUSE
Winner: First Metro Investment Corporation
Highly commended: BPI Capital Corporation
BEST ECM HOUSE
Winner: China Bank Capital Corporation
Highly commended: SB Capital Investment
BEST INVESTMENT BANK
Winner: First Metro Investment Corporation
Highly commended: BPI Capital Corporation
BEST PRIVATE BANK
Winner: BDO Private Bank
BEST SUSTAINABLE BANK
Winner: Bank of the Philippine Islands
BEST VIRTUAL BANK
Winner: Maya
BIGGEST ESG IMPACT - BANKS
Winner: Bank of the Philippine Islands
THE PHILIPPINES INTERNATIONAL
BEST BANK
Winner: Citi
BEST INVESTMENT BANK
Winner: UBS
MOST DEI PROGRESSIVE - BANKS
Winner: Citi
SINGAPORE DOMESTIC
BEST BROKER
Winner: Maybank Securities
BEST DCM HOUSE
Winner: DBS Bank
Highly commended: United Overseas Bank
BEST ECM HOUSE
Winner: DBS Bank
BEST INVESTMENT BANK
Winner: DBS Bank
BEST LAW FIRM
Winner: Allen & Gledhill
BEST SUSTAINABLE BANK
Winner: DBS Bank
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: DBS Bank
SINGAPORE INTERNATIONAL
BEST BANK
Winner: HSBC
BEST INVESTMENT BANK
Winner: Bank of America
BEST SUSTAINABLE BANK
Winner: MUFG Bank
THAILAND DOMESTIC
BEST BROKER
Winner: CGS International Securities Thailand
BEST DCM HOUSE
Winner: Kasikornbank
Highly commended: The Siam Commercial Bank
BEST INVESTMENT BANK
Winner: Kiatnakin Phatra Securities
BEST LAW FIRM
Winner: Weerawong, Chinnavat & Partners Ltd.
BEST SUSTAINABLE BANK
Winner: Bank of Ayudhya (Krungsri)
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: The Siam Commercial Bank
THAILAND INTERNATIONAL
BEST BANK
Winner: HSBC
BEST CORPORATE BANK - LARGE CORP & MNCS
Winner: Citi
BEST INVESTMENT BANK
Winner: Bank of America
MOST DEI PROGRESSIVE - BANKS
Winner: Citi
VIETNAM DOMESTIC
BEST BANK
Winner: Techcombank
BEST BROKER
Winner: SSI Securities Corporation
BEST COMMERCIAL BANK - SMES
Winner: Saigon-Hanoi Commercial Bank
BEST DCM HOUSE
Winner: SSI Securities Corporation
BEST ECM HOUSE
Winner: Vietcap Securities
BEST INVESTMENT BANK
Winner: Vietcap Securities
Highly commended: Ho Chi Minh City Securities Corporation
BIGGEST ESG IMPACT - BANKS
Winner: Saigon-Hanoi Commercial Bank
MOST DEI PROGRESSIVE - BANKS
Winner: Saigon-Hanoi Commercial Bank
MOST INNOVATIVE USE OF TECHNOLOGY - NONBANK FINANCIAL INSTITUTIONS
Winner: TechcomSecurities
VIETNAM INTERNATIONAL
BEST BANK
Winner: HSBC
BEST CORPORATE BANK - LARGE CORP & MNCS
Winner: Citi
BEST INVESTMENT BANK
Winner: HSBC
BEST LAW FIRM
Winner: Mayer Brown
BEST SUSTAINABLE BANK
Winner: Citi
BIGGEST ESG IMPACT - BANKS
Winner: HSBC
MOST INNOVATIVE USE OF TECHNOLOGY - BANKS
Winner: HSBC
To see the winners from Norht Asia, click here, and to see the winners from South Asia click here.
