VTB Bank has been named "Best Trade Finance Bank" in Russia by the highly respected international magazine, Global Finance, for the second consecutive year.
In 2016, VTB completed more than 400 trade and export finance transactions with partners from 48 countries across Europe, Asia, Africa, North and South America. VTB is able to provide effective solutions to support clients’ foreign trade operations due to the global reach of its business, active cooperation with the Russian Agency for Export Credit and Investment Insurance (EXIAR), export credit agencies in Europe and Asia, and international financial institutions.
"Being recognised by the international professional community with this award for the second year in a row confirms our leading position in the Russian market for trade and export finance. We will continue to actively develop this area of business, introducing new products and delivering high quality services to our clients," First Deputy President and Chairman of the VTB Bank Management Board Yuri Soloviev said.
The editorial board of Global Finance selected the best regional trade finance providers based on input from corporate executives and industry analysts and experts.
VTB was named the Best Bank for Trade Finance in 2015–2016 in Russia and the CIS by Trade & Forfaiting Review and Global Trade Review.