Historically 2nd or 3rd, it is the first time Societe Generale’s Global Transaction Banking unit has ranked top in the Euromoney survey in France.
“This is a great achievement and we are honored Euromoney’s survey shows our clients recognize our efforts to provide the highest standard of cash management services,” said Pascal Augé, Societe Generale’s Head of Global Transaction & Payment Services. “France is central to our corporate strategy and we aim to continue to develop our offering in the region”.
This performance comes with improvements in other geographies. In the UK, for example, the bank registered a strong progression, jumping three places to rank third.
“We are pleased to see our global strategy comforted by our great progression in other key regions such as Central and Eastern Europe and Africa where we ranked in the top 3,” M. Augé said.
More than 300 cash management providers participated in this year’s Euromoney cash management survey, which covers Western Europe, Central & Eastern Europe, North America, Latin America, Asia, the Middle East, Africa and Australasia. Respondents were financial and non-financial institutions, who were asked to indicate the banks they use most for cash management services and to rate their leading cash management provider.
This year’s annual survey of the world's cash management industry registered a response base in excess of 30,000, making it one of the most authoritative and comprehensive rankings available.
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