19th Annual Treasury & FX Awards

11 May 2026

Indonesia:

  1. Best FX Bank for Corporates & FIs: Bank Mandiri (16th consecutive win)
  2. Best FX Bank for Hedging Requirements (Corporates & FIs) – Cross Currency Swap (CCS), Interest Rate Swap (IRS), Forward & Options: PT Bank Mandiri Tbk
  3. Best FX Bank for Hedging Requirements (Onshore Middle Market/SMEs) – Cross Currency Swap (CCS), Interest Rate Swap (IRS), Forward & Options: PT Bank OCBC NISP Tbk 
  4. Best FX Bank for Structured Products: Commodities, Credit, Equity, FX and Multi-Asset: PT Bank OCBC NISP Tbk 
  5. Best Corporate Treasury Sales and Structuring Team: PT Bank Negara Indonesia Tbk (8th consecutive win)
  6. Best FX Bank for Retail Clients: PT Bank Negara Indonesia Tbk
  7. Best FX Bank for Structured Hedging Solutions and Proprietary Trading Ideas: PT Bank Negara Indonesia Tbk (7th win in 8 years)
  8. Best Corporate with a Dynamic Tactical Hedging FX Strategy: PT Perusahaan Listrik Negara (Persero)
  9. Best SME with a Dynamic Tactical Hedging FX Strategy: PT Indo Prosperity International

Malaysia:

  1. Best FX Bank for Corporates & FIs: CIMB
  2. Best Corporate Treasury Sales and Structuring Team: OCBC (Malaysia)
  3. Best FX Bank for Hedging Requirements (Corporates, FIs, Onshore Middle Market & SMEs) – Cross Currency Swap (CCS), Interest Rate Swap (IRS), Forward & Options: CIMB
  4. Best FX Bank for Money Market Products: AmBank
  5. Best FX Bank for Structured Hedging Solutions and Proprietary Trading Ideas: OCBC (Malaysia) (4th win in 8 years)
  6. Best FX Bank for Structured Products: Commodities, Credit, Equity, FX and Multi-Asset: AmBank (8th consecutive win)
  7. Best Corporate with A Dynamic Tactical Hedging FX Strategy: Future Prelude Sdn Bhd
  8. Best SME with A Dynamic Tactical Hedging FX Strategy: Guppy Plastic Industries Sdn Bhd

Philippines:

  1. Best Corporate Treasury Sales and Structuring Team: Bank of Philippine Islands
  2. Best FX Bank for Hedging Requirements (Onshore Middle Market, SMEs, Corporates & FIs) – Cross Currency Swap (CCS), Interest Rate Swap (IRS), Forward & Options: BDO Unibank, Inc.
  3. Best FX Bank for Money Market Products: Bank of Philippine Islands
  4. Best FX Bank for Retail Clients: EastWest Bank

Singapore:

  1. Best FX Bank for Corporates & FIs: OCBC Bank (13th consecutive win)
  2. Best FX Bank for Structured Hedging Solutions and Proprietary Trading Ideas: DBS Bank
  3. Best FX Bank for Hedging Requirements (Corporates, FIs, Onshore Middle Market & SMEs) – Cross Currency Swap (CCS), Interest Rate Swap (IRS), Forward & Options: OCBC Bank
  4. Best FX Bank for Structured Products: Commodities, Credit, Equity, FX and Multi-Asset: DBS Bank
  5. Best Online FX Platform: end-to-end e-trading & e-FX platform: OCBC Bank (3rd consecutive win)
  6. Best FX Bank for Retail Clients: DBS Bank

Thailand:

  1. Best Corporate Treasury Sales and Structuring Team: Kasikornbank (4th win in 7 years)
  2. Best FX Bank for Structured Hedging Solutions and Proprietary Trading Ideas: Bangkok Bank
  3. Best FX Bank for Hedging Requirements (Onshore Middle Market/SMEs, Corporates & FIs) – Cross Currency Swap (CCS), Interest Rate Swap (IRS), Forward & Options: Kasikornbank
  4. Best FX Bank for Structured Products: Commodities, Credit, Equity, FX and Multi-Asset:  Siam Commercial Bank

Vietnam:

  1. Best FX Bank for Corporates & FIs: Sacombank
  2. Best FX Bank for Retail Clients: Vietnam International Bank

For a full complete rundown of winners over the last 19 years, please click here