HSBC has been named Best Trade Finance Bank in Asia by FinanceAsia for the sixth consecutive year. In its Awards for Achievement 2009, FinanceAsia cited HSBC’s extensive network, comprehensive product range, technological enhancements and thought leadership as key factors that clinched the prize, the bank said in a statement.

Lawrence Webb, HSBC Global Head of Trade and Supply Chain, said: “In a most challenging year, we have kept our focus on supporting our customers’ needs through adverse conditions and will continue to remain committed to their success as markets recover.

This recognition is testament to the success of that strategy and the strength of HSBC’s trade services franchise as well as our commitment to enhancing our product and delivery capabilities even at a time of economic uncertainty.”