As the world is still yet out of the tariff woods, leading financial institutions across Asia Pacific (Apac) continue to navigate the uncertain tides and have made waves in the uncertain time. In the meantime, It was another challenging year for institutions in Asia as the global economy continues to recover after the Covid-19 pandemic, with sluggish economic growth.Â
It is worth pausing to celebrate people, teams and organisations that have withstood the test of another challenging, if not difficult, year. Not only does geopolitcal complexity persist, each market is on their unique mission towards recovery, sustainability, digitalisation, restructuring, or innovation.Â
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 29th iteration of our FinanceAsia awards and celebrates activity that took place during the 12 months of 2024.Â
Read on for details of the winners and finalists (entrants whose submissions were ((Highly commended by our jury) for North Asia. Full write-ups explaining the rationale behind winner selection will be published the Awards edition of FinanceAsia, with subsequent syndication online.
Congratulations to all of our winners in the Southeast Asian (SEA) markets:Â
BRUNEI DOMESTIC
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BEST BANK
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Baiduri Bank
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INDONESIA DOMESTIC
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BEST BANK
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PT Bank Mandiri (Persero) Tbk
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Highly commended – Bank BRI
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BEST BANK FOR FINANCIAL INCLUSION
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Bank BRI
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BEST BROKER
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PT CGS International Sekuritas Indonesia
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BEST COMMERCIAL BANK – SMES
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Bank BRI
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BEST CORPORATE BANK – LARGE CORP & MNCS
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PT Bank Mandiri (Persero) Tbk
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BEST CUSTODIAN BANK
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Bank BRI
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Highly commended – PT Bank Mandiri (Persero) Tbk
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BEST DCM HOUSE
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PT Indo Premier Sekuritas
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BEST ESG CONSULTANT
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UMBRA – Strategic Legal Solutions
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BEST LAW FIRM
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UMBRA – Strategic Legal Solutions
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BEST PRIVATE BANK
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Bank BRI
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BEST RETAIL BANK
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PT Bank Mandiri (Persero) Tbk
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BEST STRATEGIC INITIATIVE – BANKS
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PT Bank Mandiri (Persero) Tbk
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Highly commended – PT Bank Syariah Indonesia Tbk
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BEST SUSTAINABLE BANK
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PT Bank Mandiri (Persero) Tbk
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BIGGEST SUSTAINABLE IMPACT – BANKS
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PT Bank Mandiri (Persero) Tbk
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MOST DEI PROGRESSIVE – BANKS
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 PT Bank Mandiri (Persero) Tbk
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MOST INNOVATIVE USE OF TECHNOLOGY – BANKS
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PT Bank Mandiri (Persero) Tbk
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Highly commended – Bank Saqu
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INDONESIA INTERNATIONAL
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BEST BANK
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BNP Paribas
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BEST COMMERCIAL BANK – SMES
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OCBC
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BEST DCM HOUSE
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DBS Bank
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BEST ECM HOUSE
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UBS
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BEST INVESTMENT BANK
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Deutsche Bank
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Highly commended – UBS
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BEST M&A HOUSE
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 UBS
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BEST SUSTAINABLE BANK
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DBS Bank
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BIGGEST SUSTAINABLE IMPACT – NONBANK FINANCIAL INSTITUTIONS
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Credit Guarantee and Investment Facility (CGIF)
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MALAYSIA DOMESTIC
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BEST BROKER
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CGS International Securities Malaysia
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BEST COMMERCIAL BANK – SMES
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Alliance Bank Malaysia
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BEST CORPORATE BANK – LARGE CORP & MNCS
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Maybank
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BEST DCM HOUSE
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CIMB
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Highly commended – Maybank Investment Bank
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BEST ECM HOUSE
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CIMB
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BEST INVESTMENT BANK
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CIMB
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BEST M&A HOUSE
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CIMB
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BEST SUSTAINABLE BANK
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 Maybank Investment Bank
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BIGGEST SUSTAINABLE IMPACT – NONBANK FINANCIAL INSTITUTIONS
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AmInvest
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MOST INNOVATIVE USE OF TECHNOLOGY – BANKS
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Kenanga Investment Bank Berhad
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MALAYSIA INTERNATIONAL
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BEST BANK
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 UOB Malaysia
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BEST COMMERCIAL BANK – SMES
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OCBC
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BEST M&A HOUSE
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UBS
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BEST SUSTAINABLE BANK
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UOB Malaysia
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MYANMAR DOMESTIC
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MOST INNOVATIVE USE OF TECHNOLOGY – BANKS
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KBZ Bank
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PHILIPPINES DOMESTIC
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BEST BANK
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BDO Unibank
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Highly commended – Bank of the Philippine Islands
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BEST BANK FOR FINANCIAL INCLUSION
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BPI Foundation, Inc.
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BEST BROKER
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First Metro Securities Brokerage Corporation
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BEST COMMERCIAL BANK – SMES
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Security Bank Corporation
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BEST CORPORATE BANK – LARGE CORP & MNCS
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Bank of the Philippine Islands
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BEST DCM HOUSE
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First Metro Investment Corporation
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BEST ECM HOUSE
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BPI Capital Corporation
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BEST INVESTMENT BANK
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 BPI Capital Corporation
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Highly commended – Security Bank Capital Investment Corporation
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BEST RETAIL BANK
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 Bank of the Philippine Islands
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BEST SUSTAINABLE BANK
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Bank of the Philippine Islands
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BIGGEST SUSTAINABLE IMPACT – BANKS
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Bank of the Philippine Islands
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PHILIPPINES INTERNATIONAL
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BEST BANK
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HSBC
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BEST BANK FOR PUBLIC SECTOR CLIENTS
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Citibank N.A
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BEST CORPORATE BANK – LARGE CORP & MNCS
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 Citibank N.A.
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BEST CORRESPONDENT BANK
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 Citibank N.A.
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BEST CUSTODIAN BANK
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HSBC
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BEST DCM HOUSE
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UBS
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BEST ECM HOUSE
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UBS
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BEST INVESTMENT BANK
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UBS
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BEST M&A HOUSE
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UBS
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BEST STRATEGIC INITIATIVE – NONBANK FINANCIAL INSTITUTIONS
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 FinVolution Group
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SINGAPORE DOMESTIC
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BEST BANK
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 United Overseas Bank
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BEST BROKER
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 Maybank Securities Singapore (MSSG)
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BEST COMMERCIAL BANK – SMES
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OCBC
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BEST DCM HOUSE
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United Overseas Bank Limited
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BEST ECM HOUSE
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DBS Bank
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BEST INVESTMENT BANK
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DBS Bank
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BEST LAW FIRM
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Allen & Gledhill
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BEST M&A HOUSE
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United Overseas Bank Limited
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BEST SUSTAINABLE BANK
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DBS Bank
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MOST INNOVATIVE USE OF TECHNOLOGY – BANKS
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OCBC
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MOST INNOVATIVE USE OF TECHNOLOGY – NONBANK FINANCIAL INSTITUTIONS
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UOB Asset Management
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SINGAPORE INTERNATIONAL
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BEST BANK
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 Citi Singapore
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BEST DCM HOUSE
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 UBS
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BEST INVESTMENT BANK
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Citi Singapore
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BEST M&A HOUSE
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 UBS
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BEST SUSTAINABLE BANK
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ANZ
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MOST DEI PROGRESSIVE – NONBANK FINANCIAL INSTITUTIONS
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Aberdeen Investments
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MOST INNOVATIVE USE OF TECHNOLOGY – BANKS
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 CIMB Singapore
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MOST INNOVATIVE USE OF TECHNOLOGY – NONBANK FINANCIAL INSTITUTIONS
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 Aberdeen Investments
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Highly commended – Marex Solutions
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THAILAND DOMESTIC
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BEST BROKER
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CGS International Securities Thailand
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BEST DCM HOUSE
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KASIKORNBANK PUBLIC COMPANY LIMITED
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BEST ECM HOUSE
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Kiatnakin Phatra Securities Public Company Limited
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BEST INVESTMENT BANK
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Kiatnakin Phatra Securities Public Company Limited
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BEST LAW FIRM
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Weerawong, Chinnavat and Partners
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BEST M&A HOUSE
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Kiatnakin Phatra Securities Public Company Limited
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BEST SUSTAINABLE BANK
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Bangkok Bank PCL
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THAILAND INTERNATIONAL
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BEST BANK
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HSBC Thailand
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BEST ECM HOUSE
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 UBS
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Highly commended – Maybank Investment Bank
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BEST INVESTMENT BANK
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UBS
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BEST M&A HOUSE
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UBS
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BEST SUSTAINABLE BANK
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UOB Thailand
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BIGGEST SUSTAINABLE IMPACT – BANKS
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UOB Thailand
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VIETNAM DOMESTIC
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BEST BANK
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Vietnam Technological and Commercial Joint Stock Bank (Techcombank)
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Highly commended – Asia Commercial Bank
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BEST BANK FOR PUBLIC SECTOR CLIENTS
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Saigon-Hanoi Commercial Joint Stock Bank (SHB)
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BEST BROKER
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SSI Securities Corporation
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BEST DCM HOUSE
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SSI Securities Corporation
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BEST INVESTMENT BANK
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SSI Securities Corporation
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BEST LAW FIRM
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YKVN LLC
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BEST SUSTAINABLE BANK
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Vietnam Technological and Commercial Joint Stock Bank (Techcombank)
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Highly commended – OCB
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MOST INNOVATIVE USE OF TECHNOLOGY – NONBANK FINANCIAL INSTITUTIONS
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Techcom Securities Joint Stock Company
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VIETNAM INTERNATIONAL
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BEST BANK
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HSBC
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BEST COMMERCIAL BANK – SMES
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Citi Vietnam
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BEST CORPORATE BANK – LARGE CORP & MNCS
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Citi Vietnam
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BEST DCM HOUSE
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HSBC
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BEST ECM HOUSE
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 HSBC
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Highly commended – UBS
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BEST INVESTMENT BANK
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UBS
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BEST M&A HOUSE
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UBS
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BEST SUSTAINABLE BANK
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Citi Vietnam
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BIGGEST SUSTAINABLE IMPACT – BANKS
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HSBC
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BIGGEST SUSTAINABLE IMPACT – NONBANK FINANCIAL INSTITUTIONS
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Private Infrastructure Development Group (PIDG)
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MOST INNOVATIVE USE OF TECHNOLOGY – BANKS
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HSBC
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