VTB has been named the Best Bank for Trade Finance in Russia, by Global Finance International magazine.
The prize was presented by the editorial board, consisting of leading financial market experts and analysts. It was awarded based on a number of indicators such as transaction volume, operational scale, innovative technologies and quality of service.
In December 2015, VTB was named the Best Bank for Trade Finance in Russia and the CIS in 2015 by Global Trade Review International magazine.
«Trade and export finance is a key priority for VTB and this award endorses our leading position in this area. The global presence of VTB Group and its tailored products allow us to find efficient solutions to support clients’ foreign trade operations in today’s conditions.»
First Deputy President and Chairman of VTB Bank Management Board
Last year the total volume of the bank’s trade and export finance transactions exceeded RUB 250 billion across 55 countries. Over the past three years VTB has signed new contracts worth over RUB 500 billion and increased its portfolio by 600 percent.