VTB named best trade finance provider in Russia
VTB Bank has won Russia’s ‘Best Trade Finance Provider’ award in 2018, according to the reputable international magazine Global Finance ranking.
The criteria for selecting winners included the volume of transactions, customer satisfaction, innovative products, services and technology. Additionally, the input from corporate executives was part of the review process.
In 2017 VTB completed more than 800 trade and export finance transactions and increased the portfolio by more than 24% compared to the previous year.
Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, commented: “VTB continues to develop actively its trade and export finance business, which has been recognised by yet another award. New products, successful cooperation with international financial institutions and flexible innovative approaches result in highly-sought and competitive solutions required for our customers’ foreign trade operations.”
This is the third consecutive year that VTB has been awarded the Global Finance ‘Best Trade Finance Provider’ in Russia.