BNP Paribas Cash Management awarded three times by Treasury Management International (TMI) at its annual Awards for Innovation & Excellence in Treasury & Risk Management.
The strengths of the bank’s cash management business in terms of industry know-how and tailored high quality solutions has been widely recognised by TMI, which awarded the following prizes:
1. Global Bank of the Year for Payments & Collections
2. Best Bank Europe for Cash & Liquidity Management
3. Best Bank Europe for Payments & Collections
Pierre Fersztand, Global Head of Cash Management at BNP Paribas, said: “We are very honoured to receive these awards and the recognition from TMI. This highlights our strengths in Cash Management in terms of quality services but also with regards to our robust network in Europe and internationally as well as our capacity to innovate within the digital space to cater for new needs.
“Managing liquitidy in a low rate environment, new risks, the need for a range of e-solutions and the impact of regulation are key concerns for our clients, which we address by providing more efficient and transparents solutions and by working closely with them to continuously help them achieve their objectives.”
These awards consolidate the bank’s leadership position in Cash Management. Earlier this year, BNP Paribas Cash Management was also recognized as one of the top tier banks in Europe according to the Euromoney Cash Management Survey 2015 released in October. The bank ranks #4 globally, #2 in Western Europe and #1 in France, Italy and Belgium, and will continue to ciment its positions in these domestic markets.
As one of the largest European Banks, BNP Paribas provides over 40 000 corporates across all industries worldwide with advisory and operational capabilities to design strategies and customise solutions to optimise working capital strategies. The bank is well placed to broaden and consolidate this leadership and to carry on offering its clients seamless European and international banking services.
BNP Paribas has a presence in 75 countries with more than 185,000 employees, including 145,000 in Europe. It ranks highly in its two core activities: Retail Banking & Services (comprised of Domestic Markets and International Financial Services) and Corporate & Institutional Banking. In Europe, the Group has four domestic markets (Belgium, France, Italy and Luxembourg) and BNP Paribas Personal Finance is the leader in consumer lending. BNP Paribas is rolling out its integrated retail banking model across Mediterranean basin countries, in Turkey, in Eastern Europe and a large network in the western part of the United States. In its Corporate & Institutional Banking and International Financial Services activities, BNP Paribas also enjoys top positions in Europe, a strong presence in the Americas and solid and fast-growing businesses in Asia-Pacific.