Euromoney poll rates Barclays as most improved bank for cash management in Europe

27 September 2006

Position reflects growing strength of Barclays International Trade and Cash Solutions

Barclays has been voted as Europe's most improved bank in Euromoney magazine's 2006 Cash Management Poll. The annual poll, due to be published in Euromoney's October issue, and released ahead of the EuroFinance conference opening today in Florence, ranks the top international banks providing cash management services based on a survey of corporates from across the world.

Placed in the top quartile, Barclays also came in the top three in over a quarter of the qualitative categories, including industry expertise and knowledge, and personalised client services.

Barclays' improved position reflects the growing strength of Barclays' International Trade and Cash Solutions team under the leadership of Angela Potter. The team is now over 150 strong having made a number of notable hires in the last 18 months.

Euromoney polled cash managers, treasurers and financial officers, receiving over 1,600 valid replies from non-financial corporates from 77 countries. Respondents were asked to list the three banks that they use most frequently for their cash management services, rating the services received across a variety of categories.

Angela Potter, Head of Barclays International Trade and Cash Solutions said,

"Increasingly we find treasurers focusing on managing a financial supply chain which delivers real value to a company's bottom line, rather than seeking commoditised cash management services. We are pleased that our expertise in delivering an end-to-end cash management solution, backed up by an individual approach to customer service, has been recognised in this poll.

"Our ranking reflects the huge strides that the team has made over the last twelve months. What is particularly gratifying is the fact that this poll relies solely on customers' responses. Cash management services remain a priority for Barclays, so I look forward to seeing further improvements next year."

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