For the second year running, global cash management revenues have increased, with an 8% growth year-on-year to $11.9bn, according to recent statistics released by data analyst Coalition.
Cash management’s strong performance has propelled global transaction banking to its best performance for eight years. Over the first half of 2018, the world’s 10 biggest transaction banks collectively generated $14.8bn, up 7% on the first half of 2017.
Asia-Pacific has outperformed other regions, driven by improved volumes and wider spreads – particularly in cash management.
There is little movement in terms of global rankings. Citi holds on to the top spot, while HSBC and JPMorgan tied for second. However, Crédit Agricole has taken 10th spot, pushing Barclays out of the rankings.
All data sourced from Coalition’s transaction banking league table and index for the first half of 2018.
