VTB Bank has been named the Best Trade Bank in Russia and CIS in 2016 by Trade & Forfaiting Review. The award was presented by the worldwide trade finance community as well as members of TFR’s advisory board and the TFR editorial team.
VTB offers an extensive range of trade and export finance services to clients worldwide.
In the first half of 2016 VTB arranged trade and export finance transactions with counterparties from more than 30 countries and doubled the volume of new ECA covered deals and trade loans compared to respective period a year earlier.
VTB is one of the main EXIAR’s partners, sharing its strategic goal to provide support for Russian value-added exports.
Yuri Soloviev, First Deputy President and Chairman of VTB bank Management Board, said: «The Trade and Forfaiting Review Award proves VTB leading position in trade and export finance on our key markets. Our long standing partnership with multiple international banks and export credit agencies and team’s product expertise provides for comprehensive and advanced finance solutions for our customers engaged in foreign trade. In 2015 VTB has increased its Trade and Export Finance portfolio by 40% with growth potential for 2016».
Earlier this year the bank was announced the Best Bank for Trade Finance in Russia by Global Finance International magazine.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.