UniCredit Bulbank is the market leader in trade finance services in the country

UniCredit Bulbank is the market leader in trade finance services in the country

UniCredit Bulbank is the leader in trade finance services in the country – this is what the results from the latest 2020 Euromoney Survey tell us. The Bank was also ranked first in the ‘’Best Service’’ category. The Survey, conducted for the eight year in row, identified UniCredit as a market leader not only in Bulgaria, but also in Austria, Bosnia and Herzegovina, Czech Republic, Hungary, Italy, Romania, Russia, Serbia, Slovakia, Croatia and Turkey.

As a Group UniCredit has been named Best Service Provider for "All Services", "Advisory", "Financing / payments", "Overall Execution" and "Products" in this year’s Euromoney Trade Finance Survey.

In the "Best Service" category, UniCredit was named first in CEE, Western Europe, Austria, Bosnia and Herzegovina, Bulgaria, Czech Republic, Hungary, Italy, Romania, Serbia, Slovakia and Croatia – as well as globally.

The survey, now in its ninth year, collates feedback from over 7,000 corporate banking clients, providing compelling evidence of UniCredit’s product expertise, best-in-class customer service and deep understanding of its core European markets.

"Congratulations to the whole corporate colleagues and especially to our Trade Finance Team at UniCredit Bulbank. We are delighted that Euromoney and the clients surveyed continue to recognize UniCredit as the best global trade finance provider across a variety of key service categories in Bulgaria and also in the region. This Euromoney survey recognises our ongoing efforts in these areas as we continue to support the real economy and forge strong client relationships.”, commented Raluca Popescu, Head of Corporate and Investment Banking in UniCredit Bulbank.

We are very proud of these results. UniCredit Bulbank offers the full range of trade finance products focusing on the development of innovative solutions tailored to our clients’ needs. Client relationships are central to everything we do, and we would like to thank all of our clients for their continued partnership and support”, added Aleksandar Kirov, Head of global banking transactions.

In Bulgaria, UniCredit Bulbank offers the full range of trade finance products: bank guarantees, documentary letters of credit and cash collection - import/export, confirmation of letters of credit, discounting and post-financing. These services help the clients to minimize the commercial risk involved in transactions, especially when working with less familiar counterparties, as well as in the case of import to and export from higher risk destinations. When the products are appropriately structured they can also serve as a short-term liquidity source within the clients' commercial cycle. Clients can also manage their transactions through the specialized Trade Financing Module part of Bulbank Online Banking.

Additional media information:

Ekaterina Ancheva, tel +359 (0) 2 9264 963, flbufsjob/bodifwbAvojdsfejuhspvq/ch

Beatris Nikolova, tel +359 (0) 2 9232 528, cfbusjt/ojlpmpwbAvojdsfejuhspvq/ch

Victoria Blajeva, tel +359 (0) 2 9264 993, wjlj/ebwjepwbAvojdsfejuhspvq/ch