Based on its 2018 performance, Russia’s VTB Bank has once again been named the best trade finance bank in Eastern Europe by Global Trade Review (GTR) international trade magazine, bank’s website reports.
A number of major international banks applied for the award and entrants were assessed based on the volume and geography of their executed deals, their innovative approach, and any participation in strategically significant projects.
VTB has unique expertise in executing trade finance deals, ensuring an individual approach and the most advanced and beneficial solutions for our clients. In 2018, the bank closed trade finance deals in more than 40 countries with companies from all the major economy sectors, and partnered with over 100 international financial institutions and banks.
“Supporting our clients’ international trade finance activities is one of our priority business lines. The international professional community has repeatedly recognized VTB as the leader in this area, highlighting the group’s achievements in financing export-import operations. VTB continuously improves its operations and follows market trends to offer innovative solutions for our clients who work in international markets,” Yuri Soloviev, First Deputy President and Chairman of VTB Management Board, said.