Global Finance magazine has named HSBC Bank Malta as Best Trade Finance Bank in Malta for 2011. For the second consecutive year, this prestigious award was conferred to HSBC Malta.

Global Finance magazine has named the Best Trade Finance Providers by category in an exclusive survey which will be published in the February 2011 issue. Global Finance editors – with input from industry analysts, corporate executives and technology experts – selected the best trade finance providers in 71 countries. Criteria for choosing the winners included transaction volume, scope of global coverage, customer service, competitive pricing and innovative technologies.

Each year Global Finance selects the best financial institutions around the world. These awards have become a recognised and trusted standard of excellence.

“The availability of trade finance at reasonable prices is crucial to the health of the global economy,” says Joseph D. Giarraputo, Publisher and President of Global Finance. “We have selected the banks that are best serving the needs of corporations worldwide as they engage in cross-border trade.”

HSBC Bank Malta CEO Alan Richards said: “We have continued to support our customers and the local economy during the challenging economic crises of the last two years, and we are delighted to see this publicly recognised through the award of Best Trade Finance Bank in Malta.”