Winners: FinanceAsia Awards 2023-2024 Southeast Asia

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 

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 

Finalist: 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 Phillipine 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 Phillipine 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 

Finaist: 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.

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