HVB ON THE WAY UP
Monday 03 August 2020
A survey of CFOs and finance departments shows that HVB has strengthened its position in the German banking landscape
In a survey where Finance magazine asked CFOs, heads of finance and treasurers in Germany to evaluate banks, HypoVereinsbank significantly improved its ranking in as a “Corporate Hausbank”, rising to number 2.
The results of a survey, featuring feedback from 120 respondents working in the finance departments of major German companies, show that HVB has strengthened its position in the German banking sector. In addition to ranking 2nd in the Hausbank category, the bank is placed third in the overall ranking, significantly narrowing the gap to the second place.
HVB was awarded a particularly high score for high level of corporate client services, achieving close to 8 on a scale of 1 to 10. The majority of respondent view HVB as a key bank, “Hausbank”, climbing from 3rd to 2nd position in the ranking. Further, a third of respondents said that they believe HVB is very well established among SMEs.
“We have always stayed closed to our clients, working with them to find solutions for their varying needs. This was true before the crisis and even more so during,” said Markus Beumer, corporate client board member at HypoVereinsbank. “Our clients know we are here for them in the long run and this is visible in the ranking. “
In three out of the six product categories in the survey, HVB is among the top three: for cash management/payment transactions (3rd), for credit financing (2nd) and for trade and export financing, where it has moved up to 3rd place, overtaking well-known competitors by five percentage points. HVB also climbed in the DCM and M&A rankings.