VTB named Best Trade Finance Provider in Russia
VTB was awarded as the Best Trade Finance Provider in Russia in 2019 by Global Finance magazine. The decision is based on a number of factors, including transactions volume, innovative products, technology, and the quality of provided services, and is also supported by opinions of international analysts and trade finance experts.
Over the past year, VTB concluded trade and export finance deals together with 75 international financial institutions from over 50 countries. The deals were related both with matured industries of Russian economy like chemicals, transport, metals and nuclear power, and new, fast-developing sectors, such as solar and wind energy. The synergetic effect of Group’s world presence allowed VTB to offer their customers — exporters and importers — a targeted approach and tailor-made business solutions. Export support options offered by the Group allowed to facilitate the growth of supply of Russian goods, such as agricultural products, metals, equipment and energy commodities, to the Middle East, East Asia and the CIS countries.
Yuri Soloviev, First Deputy President and Chairman of VTB Bank Management Board, commented: “The recognition of VTB as Russia’s best trade and export finance provider by one of the world’s leading financial magazine has once again demonstrated that we have chosen the right vector for the development and growth of our business. It is based on introduction of new products and ideas, as well as effective interaction with our key partners. Tailored client approach and our team’s professionalism allow the Bank to maintain a leading position in the market over a long period of time.”