Bank of Ireland has been awarded ‘Best Foreign Exchange Provider in Ireland’ 2016 at an awards event in Geneva today hosted by Global Finance during SIBOS, the world’s premier financial services event. This is the third consecutive year that Bank of Ireland has won this award from Global Finance, whose awards have become a recognised and trusted standard of excellence.

Award winners were selected based on criteria including transaction volume, market share, scope of global coverage, customer service, competitive pricing and innovative technologies. Global Finance also considered input from a panel of experts and feedback from industry analysts, corporate executives and technology specialists. Global Finance has been running awards for the World’s Best Foreign Exchange Providers for 17 years.

Bank of Ireland is a leading provider of Foreign Exchange treasury services in Ireland providing a comprehensive FX risk management offering. The team of treasury specialists offer a range of products from hedging options to more unique structured solutions. Alongside all major tradable currencies, Bank of Ireland offers premium customer service in selected currencies across the emerging markets of South America, Africa, Europe and Asia.

Discussing the award, Kevin Twomey, Chief Executive, Bank of Ireland Global Markets said: “We’re delighted to be named Best Foreign Exchange Provider in Ireland by Global Finance and I congratulate the team on the award. We are focused on ensuring world-class service and innovation. The award is a great endorsement of our ongoing investment in personnel and technology, and we will continue to deliver best practice FX services for our customers.”

Joseph D. Giarraputo, Publisher and Editorial Director of Global Finance said: “I’d like to congratulate Bank of Ireland on its Foreign Exchange Provider award. Continued low interest-rates combined with negative market news and regulatory uncertainty, have all taken a major toll on the FX business, and those banks who have invested in market-changing technology are most likely to succeed .”

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